eToro is one of the world’s best-known trading platforms. It’s regulated in the UK eToro trading review Australia and Gibraltar and serves clients globally. It offers a wide range of assets and trading styles including CFDs, cryptos and shares. It is very popular with investors and traders largely due to its social copy trading and ‘Smart Portfolios’ features. It’s easy to use and secure, has low fees and requires only a $50 minimum deposit.
There are a few things to keep in mind though. It doesn’t offer the same level of research on stocks and ETFs that you might find on other platforms such as Barclays or Hargreaves Lansdown. It also doesn’t have advanced chart functions like the ability to overlay two different assets on a single graph. This can be a drawback for more serious traders. Moreover, the company charges currency conversion fees and has inactivity and withdrawal fees.
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It does, however, have top-notch security measures in place to protect your digital crypto investments. They store your assets in a “warm” online wallet and in an offline storage, separate from their business funds. This means that in the unlikely event of a problem with eToro, your cryptos will be safe.
eToro’s ethos is to make investing more mainstream. It does this with its massive global user base of 30 million users. It is a good platform for beginners and those who want to invest for the long term as it’s easy to use. It also offers copy trading, which gives you the opportunity to follow other users’ investment strategies and automatically buy and sell their assets for you.