What is eToro? Complete Guide

eToro is one of the largest social trading platforms in the world. Users can start trading a wide range of assets and products in just a few clicks. In this eToro review, you will be able to understand how the platform works, how to use eToro in USA, and more. 

Trading platforms such as eToro have been growing over the last years all over the world. Users can enjoy the platform’s services in a wide range of regions. 

Disclaimer: this post should not be considered investment advice. This is only for educational purposes only. Never invest more than what you are able to lose and always ask for information to your professional financial advisors. We are not financial advisors. 

What is eToro?

eToro is a brokerage company that is located in Israel and offers trading solutions to users all over the world. Created in 2007, eToro has attracted a large number of investors with the services and products it is currently offering. 

In this eToro review, you will have the opportunity to know which are the main services they offer. The first thing we can mention is related to social trading. Social trading is a feature of this platform that allows you to follow large and profitable traders and follow their trades. 

Following other users trades could be risky if you do not do your one due diligence. However, most of the trading experts have high accuracy. Following accurate traders using the eToro demo account could be a good way to try your trading strategies. 

eToro demo account is also one of the things that users love the most. While some platforms do not have this option, with eToro, users can use a demo account with $100,000. 

Furthermore, eToro allows you to select an investment product and start trading in just seconds. Users can trade stocks, ETFs, cryptocurrencies and CFDs, among others. The platform claims that they do not have markups on stocks and ETFs. 

How Does eToro Work?

eToro works with one of the most advanced trading systems in the world. You can open a wide range of trades and you will not have to pay any markups or management fees. However, other fees may apply. For example, short or leveraged positions require to pay a funding fee. 

If you are wondering “When will eToro be available?” let us tell you that the platform is already available. eToro USA clients are already using this platform and trading a wide variety of instruments. 

You can trade and invest in currency pairs, indices and commodities using CFDs. eToro makes it very easy for users to get access to financial markets. Users will be able to deposit funds on their accounts with different payment options. You can use the one that will be suitable for you. 

Users can also enjoy a wide range of cryptocurrencies. The cryptocurrency market has been expanding all over the world in recent years. In 2020 and 2021, cryptocurrencies reached new highs, specifically Bitcoin. 

In order to fund your account, you can do so with Visa, Mastercard or PayPal. The whole process works very fast and you can do so just in minutes. The option you use to deposit funds in eToro will be different according to your needs. 

By using AltSignals trading signals, you can improve your trading strategies in eToro. 

How to Use eToro in USA?

You can use eToro in USA by simply opening an account and start trading. There are no restrictions for users in the United States to use eToro. If you want to know how to use eToro in USA, you can simply open an eToro demo account on the platform. 

In the future, eToro could be used in other countries where it is now not present. If you find problems to use this platform, you should contact the support team. At the moment, eToro is available in the U.S. and has been operating since 2018. 

eToro Final Words

eToro is a regulated company with different regulatory agencies (FCA and CySec) and it offers top-tier security to users funds on the platform. They follow industry-leading security protocols. Moreover, they claim users will not have issues with privacy. The company claims they do not share private data without permission. 

The entire platform continues to offer some of the best and most efficient trading products on the platform. In the coming years, eToro could continue offering a wide range of solutions to users all over the world.