Today in the world, many people work on forex trading and get many profits from them. If you are also interested and want to learn forex trading, no worries, we are here to discuss the reliable platform where you can easily start trading.
eToro was started in 2006 by three partners to create a financial trading platform that would be ideal for traders of all levels and provide quick and inexpensive trading tools. In addition, the firm usually, combined with the eToro social trading network, has grown to become the largest and most popular broker globally, with over 6 million users from approximately 150 countries.
eToro is a social trading system that specializes in CFD asset trading. It is also a fully licensed broker with the recognized FCA and the Australian Securities and Investments Commission (ASIC).
eToro provides both live and demo accounts with extensive trading features. In addition, thousands of new traders join the eToro platform every day, so let’s take a closer look and figure out why.
How does eToro usually work?
eToro has been on a journey of development, production, and introduction of features that have taken investing technology and online trading to new heights since its start. Aside from providing traders with quick and accessible access to global financial markets, eToro also allows them to copy successful trading from across the world without paying a commission.
So, in this eToro review, we also shared its size and experience, being a brokerage firm that employs current technology to handle orders. However, it also offer you live quotes from the world markets also permits a worldwide trading solution. Finally, eToro trading platforms with social trading features operate as market makers, generating money via spread charges.
Is eToro legit or a Scam Platform?
Yes, eToro is safe and not a fraud, according to strict regulation and high-trust licenses from CySEC, ASIC, and the FCA. Trading Forex or social trading with eToro is so safe and low-risk.
Is eToro a regulated platform?
Yes, eToro is a regulated platform that provides trading services from its headquarters in Cyprus. However, it affiliates eToro Europe, eToro United Kingdom, and eToro Australia Capital. While entities are licensed by three different authorities: the FCA, the Exchange Commission, CySEC, and ASIC.
As a result, the trading account and financial services completely comply with all relevant authorities’ rules and regulations. MiFID, which serves European clients and is supplied by the Cyprus Securities and Exchange Commission (CySEC) and the UK Financial Conduct Authority (FCA), allows traders to trade.
Conclusion
In this eToro review, we summarized the best social trading broker in terms of the number of copy traders and trading transparency. Is eToro excellent or worth it? Why did 6 million consumers choose this platform? There are various reasons for this, including the eToro platform’s flexibility and the thousands of other traders who participate in social trading. When you consider the benefits and possibilities of traders working together as a team as well as big deal incentives, it’s clear that collaboration may benefit everyone. Despite the fact that there are other social trading platforms offered, eToro has developed as the best and most popular in its field.