eToro – Video by My Lifestyle Dream
eToro is acknowledged to be one of the most innovative copy trading platforms available on the market at the moment. It has taken copy trading to the next level coming with features that allow investors and traders interact and make copy trading a win-win experience. On eToro people can trade online commodities, stocks, and currencies.
Created in 2007, the platform prides itself on almost 5 million users who are trading from 170 countries. Since then, its developers have invested constantly in innovation and launched different features that make traders’ lives easier. For instance, OpenBook allows traders analyse the progress of other signal providers and offers the opportunity to interact with them in real-time. In addition, WebTrader is another feature that enables you to analyze your own trades and when it is synchronized with OpenBook you will also able to follow other people’s traders as well. Keeping the pace with technology innovations, eToro also launched Mobile Trader which is used by traders who want to access their trades and see their evolution from any type of mobile device.
In case you want to test eToro before starting investing real money, the demo account offers the same functionalities as a real account. When the decision has been taken and you become a real user of eToro it will be necessary to deposit minimum $200 in your account. The funding methods are diverse offering various ways such as PayPal, Western Union, credit card, bank wire and the list can continue. All funds are managed and converted into USD. In addition, eToro comes with some bonuses for the most generous deposits. Therefore, depending on the amount you are open to starting with; the bonus can bring you up to $10,000.
When it comes to risk management, the platform contains also a pre-set leverage tool that allows you to calculate your risk before you decide to follow a certain signal provider. On top of that, it limits your trading amount per trader, allowing you to trade maximum 20% of your available capital per trading.
As finding signal providers and evaluating their performances is very important in copy trading, eToro has another efficient tool for this called “GuruFinder”. It helps you filter the signal providers you want to copy which are known on the platform as “Popular Investors”. The parameters based on which you can select the suitable investors for you are risk level, average exposure, and winning ratio.
eToro does not charge any fees for using its investment platform and copy trading network. Furthermore, if you can become a “Popular Investor” if you have at least 50 copiers and like this, you can make $350 per month. In addition, social interactivity with signal providers is extremely high being, in fact, one of the features that make eToro unique.
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