(MENAFN – Zex PR Wire) Although eToro is an essential player in the CFDs’ world and cryptocurrency trading, the company now offers much more than that. He has led the fintech Revolution for more than a decade and has established a reputation as an essential platform in the social trading world.
The company started as a global trading platform but has added cryptocurrency and more trading tools to keep up with diverse markets and increasing demand. They are committed to incorporating social features into their platform in the form of copy trading and copy portfolios.
Today, etoro has more than 6 million registered users, protecting its status as an industry leader. Read on for our complete review.
CFDs are intricate devices having a high risk of wasting money speedily because of leverage. When dealing with CFDs with this source, 75% of retail investor accounts are lost, and you need to consider whether you realize how CFD works and whether you are at a higher risk of losing your money.
History of eToro
eToro was begun in 2007 by three entrepreneurs for those who wanted more accessible trading for all time users. Simultaneously, they needed to decrease dependency on banks and other traditional financial institutions. eToro initiated an online trading platform with graphs representing financial instruments and an intuitive interface.
In 2009, eToro launched the trading platform, WebTrader, with a range of professional tools for traders of all skill levels.
When trading CFDs with this provider, 75% of retail investor accounts are lost. You need to consider whether you can afford to take the risk of losing your money. With OpenBook, a big step forward was made in 2011, the world’s first social trading platform. It included a new copy trader feature of the time, which allows anyone to copy successful traders. In 2012, eToro added stocks to its other assets, such as currencies and commodities.
The eToro mobile app launched in 2013 for both Android and Apple, expanding the reach of the platform. This was also the case when eToro immersed itself in crypto, which makes it possible to trade bitcoin through CFD. In 2015, the platform updated the interface for an even more modern and intuitive experience.
In 2016, it added a copy portfolio, related departments that bundle different assets or top traders under a market strategy. In January 2017, eToro expanded its reach into the world of cryptocurrency by adding support for crypto trading to the platform. It started with a range of popular cryptocurrencies, including Ethereum, Litecoin, and XRP. In 2019, he launched eToroX, a full-fledged cryptocurrency exchange.
Cryptocurrencies supported by eToro
Compared to other platforms, the options for supported cryptocurrencies on eToro are comparatively restricted. This is a result of its nature as a global trading platform, which is opposed only to cryptocurrency. Even so, you can…