Breaking Barriers: The Advantages of Trading Online with eToro

The internet has created room for many conveniences in cryptocurrencies and cryptocurrency trading. Investing and trading crypto has gotten better over the years, giving rise to various trading platforms and making it easier to reach larger audiences. One of the many profitable platforms making the most of this healthy trading environment to provide the best services to their clients is the eToro.

What is eToro, and how does it work? We are here to tell you all about it

What is eToro?

eToro is an online social investment and multi-asset brokerage company; an online space where you can trade popular crypto assets like bitcoin, Ethereum, Dogecoin and even stock exchange. eToro is the brainchild of three young entrepreneurs whose mission is to make trading accessible to anyone regardless of geographical location and reduce their dependence on traditional financial institutions.

How does eToro Work?

eToro operates on various levels, all guided by the founding principle of providing an accessible and easy-to-understand trading platform. They do this by providing customers with the following built-in features on the mobile app:

WebTrader: The WebTrader, launched in May 2009, allows clients worldwide to trade the financial assets available on eToro online. This feature comes with professional tools to aid traders at any level, whether you’re a beginner or an expert.

The OpenBook: OpenBook, launched in July 2010, is the world’s first social investing platform that uses the cutting-edge technology of CopyTrader. This OpenBook feature allows traders, especially beginners, to model after any investor they trust, coping with all the moves on their trades in real-time. This allows the novice trader to gain experience from a seasoned trader and make some profits while at it.

Stocks: eToro decided to expand its services by offering stocks along with the commodities and currencies available on the platform. The stock markets were added in July 2013 and have remained a major part of what makes eToro great.

Advantages of eToro

Aside from the features of eToro, the trading platform offers its customers many other benefits. Are you weighing your options with eToro? Take a look at the following advantages of using eToro:

● On eToro, traders enjoy competitively low trading rates, allowing you to make the most of your funds in the trade

● eToro’s activities are fully digital. The trading platform is available on mobile and web, with both versions being user-friendly and having the same features

● Superfast services range from fast and free account opening to withdrawals and customer service.

● eToro offers twenty-four US cryptocurrencies, allowing customers to trade Bitcoin, Ethereum, Litecoin, Dogecoin, etc

● eToro offers a 0% commission when you open a long, non-leveraged position on a stock or ETF on eToro

● There are no spreads, fees or hidden charges

Conclusion

First starting as a visual trading forex platform making trading fun and easy to understand using graphic representations for financial instruments, they have evolved, expanding their services as the world of crypto trading and stock exchange grows.