eToro: origins, success and functionality of the famous online broker

When it comes to finance, many turn up their noses. Yet, even more are all those who would like to enter this world and start investing on their own, so as to be able to make their own capital yield.

Well, thanks to the incredible leap forward made by contemporary technology and the unstoppable advance of the internet, which is now literally at hand thanks to smartphones and similar, more and more people are approaching the world of online investments.

Among the many online trading platforms that have emerged like mushrooms in recent years, however, there is one in particular that has been able to attract the general public to itself and register millions and millions of users all over the world in a little more ten years: we are obviously talking about eToro.

Origins and success of eToro

Originally born as RetailFX, eToro is an online broker founded in Tel Aviv in 2007 by brothers Yoni and Ronen Assia, in conjunction with colleague David Ring. Since 2010 eToro Open Book has been active, which includes not only the online trading platform, but also the function that made eToro famous all over the world, namely the copy trading option.

This function was created with the intention of giving a practical and effective tool also to all those new traders who are not yet practicing online investments, who will be able to select another user-trader of their liking and copy not only the share portfolio, inserting in their own all open positions up to that moment, but also all future positions that will be opened by that account.

This possibility is in turn given by a completely new way of conceiving online trading, a concept that is inevitably linked to the contemporary world of social networks and the maximum interaction between users of a given platform, but obviously with the addition of the component financial. The merger of these two worlds gave birth to what is now called social trading .

This winning combination, combined with an advertising campaign with controfiocchi, have meant that to date eToro has more than 13 million users around the world.

eToro: is it safe?

To date, there are an incredible number of scams and fraudulent brokers on the net, so it is questionable whether even the most renowned names are not hiding something. Well, this problem can be easily solved by doing a quick check of the licenses and authorizations held by the latter.

In the case of eToro, the check is quick and effective because on the official page of the online broker you will find the CySEC authorization , and the consequent CONSOB authorization, easily and in plain sight. This therefore establishes eToro's membership in the category of so-called authorized online brokers.

But if you are still not convinced, you can also take a look at these independent eToro reviews .

The eToro Demo Account

At this point, you will certainly be interested in giving the famous online broker a chance, but maybe you still have some second thoughts about investing money immediately on it, even if it is for the minimum deposit.

Well, eToro also meets this type of needs and offers its future users the opportunity to open a completely free demo account with which it will be easy to test the platform with your own hand and at no cost.

This obviously includes the functions listed above, and in addition everything that is possible to do on the eToro platform in the field of investments and online trading thanks to what is defined as a virtual balance . Thanks to it, in fact, you will be able to see the effects of each investment made, both positively and negatively, just as if they were real money, but without risking anything.

---

---

The eToro article : origins, success and functionality of the famous online broker comes from ScenariEconomici.it .

---

This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/etoro-origini-successo-e-funzionalita-del-famoso-broker-online/ on Mon, 16 Nov 2020 08:54:33 +0000.