eToro: discovering the reference trading platform of the moment
Among the online trading services, eToro is confirmed as one of the most popular brokers in Italy. The growth of Israeli fintech has been surprising in recent years, in fact according to official data it has gone from 10 million users in 2018 to almost 25 million customers at the end of 2021. It is a global operator, however 68% of customers are located in Europe, with a consolidated presence in Italy, Germany, France and the United Kingdom.
The broker's success is mainly linked to integrated solutions for investing in cryptocurrencies , activities from which today eToro generates most of the commissions. A substantial share also comes from equity , thanks to the possibility for customers to invest in stocks and ETFs without paying trading fees, in addition of course to the revenues obtained from the CFD trading service.
The strengths of eToro's proposal for online trading and investments
To find out how eToro works , you can consult the guide on Investimentifinanziari.net , which illustrates the numerous advantages offered by the Israeli broker such as, for example, the possibility of operating on cryptocurrency markets. This intermediary in fact provides an advanced exchange to buy and sell over 40 crypto tokens, integrated with a cloud cryptocurrency wallet and cryptocurrency CFD trading services.
All these services allow you to invest in digital currencies in a diversified way, managing all operations through a single modern and intuitive multi-asset platform , with an easy-to-use interface and the possibility of using the mobile app for smartphones. At the same time, ETFs and shares can be traded without commissions , with the possibility of creating a securities portfolio for free, without management costs or brokerage fees.
Obviously the strength of eToro remains social trading , that is the open community created by the broker since the first years of activity in 2007. Inside, all traders can see the investment strategies of other users, follow the best top traders and possibly copy the positions of other investors free of charge . This feature is an automatic option that allows you to replicate the investments of other traders, especially useful for those who do not have much time available and for novice investors.
Many eToro users also appreciate CopyPortfolios , a series of diversified thematic portfolios for investing in sectors such as cryptocurrencies, tech, decentralized finance, energy, biotech or the green economy. eToro also offers low spreads on CFD trading, advanced charts for technical analysis and the new eToro Academy service, an online training hub to allow users to improve their financial knowledge for free.
For which investors is eToro suitable?
In the online trading and investment sector, eToro is undoubtedly one of the most popular names of 2022, a regulated broker with a CySEC license and supervised by Consob . Thanks to continuous innovation, the fintech company has managed to establish itself especially in Europe, however it is carrying out a multi-year development plan within the North American market, supported by the listing on the stock exchange through Spac.
The broker is especially suitable for people who are starting to invest, novice investors who want to start operating independently on the financial markets in an accessible, safe and simple way. The eToro platform is in fact intuitive and easy to use even for an inexperienced person, making entry into the financial world easier and less demanding for those without high skills.
eToro is also suitable for cryptocurrency investors , in fact compared to an exchange platform it provides a more complete solution, combining the sale of crypto tokens with services such as cryptocurrency staking, CFD trading and the custody of codes in the digital wallet. Even the most experienced traders can find eToro's Popular Investors program convenient, with which to obtain compensation and other benefits based on the number of people who copy their investment strategies.
The broker is less suitable for those who want to build an ETF accumulation plan , as the offer of listed funds is not the best available on the market. However, before making a decision it is important to weigh the pros and cons of eToro carefully, using online reviews and reading expert opinions within specialized websites. It is also advisable to try the broker's service with the free demo account , a really useful tool to understand if it really is the most suitable option for your investment needs.
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The eToro article: discovering the current reference trading platform comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/etoro-alla-scoperta-della-piattaforma-di-trading-di-riferimento-del-momento/ on Wed, 26 Jan 2022 09:28:03 +0000.