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eToro’s Trader Friendly Features set to take on the likes of Coinbase

6min Read
eToro’s Trader Friendly Features set to take on the likes of Coinbase

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eToro is the world’s leading social trading and multi-asset brokerage company for more than a decade now. The global trading platform has played a pivotal role in shaping the trading world with cutting-edge investment tools in a bid to reduce the dependency on traditional financial institutions and facilitating channels for anyone to have access to trading. a wide range of cryptocurrencies.

A pioneer of the global fintech revolution and a disruptor in the blockchain industry, eToro has now made its way to the USA and is ready to take on Coinbase.

As of July 2019, real trading on eToro’s platform was available to US residents in: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Jersey, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Texas, Utah, Vermont, Virginia, Washington, Washington D.C., West Virginia, Wisconsin and Wyoming.

Unique offerings

Coinbase was one of the first few cryptocurrency exchanges in the country to have established its niche during the initial years of the crypto industry. And the San Francisco-based crypto platform has, since then, branched out to 32 countries. Touted as the world’s largest Bitcoin broker, Coinbase has been in the scene for a long time now.

However, the exchange offerings are limited to buying, selling and storing of digital currencies. eToro, on the other hand, offers so much more than just trading with its robust array of tools. The platform’s many advanced trading strategies and the community engagement features for beginners are its biggest appeals.

Diversified portfolio

eToro is the first one in the cryptocurrency space to rollout CryptoPortfolio feature wherein market experts build a diversified and balanced portfolio of the best performing cryptocurrencies.

eToro traders can diversify their portfolios by choosing from 1,500 different asset classes commodities, currencies, assets as well as stocks while keeping the exposure to the high-risk assets to a small portion of their account. eToro offers its services with 16 cryptocurrencies including Bitcoin, Ethereum, XRP, Litecoin, Dash and other popular coins. Currently, US traders can only trade cryptocurrencies.

Virtual Trading Simulator

The innovative CopyTrader platform has not only garnered worldwide attention but also paved a win of Finovate Europe Best of Show for 2011. Unlike other copy trading platform, eToro has a Virtual Trading Simulator feature for beginners who can initially trade in simulation mode. Traders can get access to check over three million top traders profiles, take note of their portfolios and trading stats. By copying and learning from the best traders on the eToro trading network, the novice can make a transition once they are confident with it.

There’s something for everyone. The introduction of WebTrader enabled anyone to leverage the trading platform from any part of the world to trade financial assets online. WebTrader was just a stepping stone towards disrupting the existing money management industry. This easy-to-use interactive online trading platform offers tools to both newcomers as well as advanced traders.

In a nutshell, this feature will enable its users to find and gain exposure to crypto trading strategies of other eToro investors with a proven record of strong investments on the platform. eToro is the only place that enables everyone to trade traditional assets like stocks and commodities, cryptocurrencies.

For educational resource

eToro offers a tremendous opportunity to network with experienced traders. The social investing platform’s eToro app has customizable social feeds feature which lets investors access the market trends in real-time. For novice investors and traders, eToro has a unique ‘Virtual Portfolio’ wherein the newbies can get started with practice sessions to develop strategies before taking a full-on plunge in trading.

One of eToro’s special features is the Editor’s Choice which displays the top Popular Investors who have caught the eye of eToro’s own trading experts every week. eToro traders can get complete access to key info from their profiles and a summary of their trading and strategies.

eToro adds the “social” element to finance. It serves as a base for the newbies to have a detailed discussion about strategies and the macroeconomic development in the ecosystem and subsequently build a strong portfolio for themselves.

Customizable Professional Asset chart:

ProCharts is a comparative tool for technical analysis, developed from scratch, tailoring it to be efficient, informative, at the same time, a user-friendly toolset to cater to the needs of the traders. What makes it highly functional is its customizable feature with the use of multicharts. eToro traders can customize their chart display using a variety of layouts for presenting several charts, the arrangement of charts and save the layouts that the user creates.

Transaction fee: eToro does not charge any deposit fees and trading fees are low compared to its competitors. For eToro global, rollover fees charged for leveraged positions, currency pairs, commodities and SELL [Short] positions on cryptocurrencies, stocks, and ETFs.

For eToro US traders, the platform charges only spread fees and do not charge deposit fees, rollover fees, or withdrawal fees.

eToro, the global investment platform, has successfully merged both community and wealth management tools. Revolutionizing the trading space, eToro may quickly be the new Coinbase, but only better, with its fundamental focus on utility, social, and wealth management tools.

Yoni Assia’s comment on the latest expansion was,

“When I founded eToro, I envisioned a community where people could trade, invest and share their knowledge in a simple and transparent way. eToro also acts as a bridge between the old world of investing and a blockchain-powered future, helping our users navigate and benefit from the transition to cryptoassets for wealth building. People create the eToro experience and now Americans will play a major role in shaping our community and future.”

eToro is a licensed brokerage registered by the Cypriot Investment Firm [CIF]. Additionally, they are also regulated by the Cyprus Securities and Exchange Commission in Europe and by the Financial Conduct Authority [FCA] in the UK and are also regulated by FinCEN and Australian Securities and Investments Commission [ASIC].

Note: eToro is a multi-asset platform that offers both investing in stocks and cryptoassets, as well as trading CFDs. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Past performance is not an indication of future results. Cryptoassets are volatile instruments that can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

Disclaimer: This a paid post, and should not be treated as news/advice.


Biraajmaan is a full-time journalist at AMBCrypto covering the US market. A graduate in Automobile engineering, he writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.
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