If you’re looking for a broker that lets you trade cryptocurrencies, you’ll probably run into eToro sooner or later. That’s why we’re going to cover and tell you everything you need to know in this full eToro review, which will cover all the main aspects of this brokerage company.
In this guide, I’ll tell you all about eToro and its business model – we’ll cover eToro in general, discuss the company’s origins and goals, see if eToro is well-known, and eToro fees
Even though eToro is dealing with cryptocurrency trading, we will also cover a bit of a different aspect of the business – only by doing so can we get the full picture of the company.
Let’s be honest – you came to this eToro review wanting to find out about crypto, right?
There are many reviews of eToro on the Internet, but most of them rush to explain the “cryptocurrency” part of the company.
eToro is best known for being one of the first brokerage sites to offer its users the ability to trade cryptocurrencies. Not only that, but they also allow CFD-based crypto trading.
This is considered an attractive business initiative because the price of cryptocurrencies can change from time to time. The prices are notoriously unpredictable – this makes trading CFD-based cryptocurrencies very profitable for clients, but with companies providing this service (such as eToro) one must have a solid business plan to profit from it.
From the looks of it, it looks like eToro can be considered a success – when compared to other brokers. They offer users a wide variety of options for trading crypto(long term and short term).
As I mentioned earlier, this is largely due to their decision to introduce a “copy trading” feature. Many investors have been analyzing cryptocurrencies (especially fairly popular ones like Bitcoin or Ethereum) since they were first launched. These investors are usually optimistic about the development of crypto coins and look for the right time frame to invest.
Given that cryptocurrencies have experienced rapid growth in popularity in recent years, more and more people are looking for ways to invest in them. There are several methods you can use, but some of them require lengthy research on the topic. Many people can’t do this, either because they don’t have much time or because the topic is too broad.
This is why relying on an investment decision with someone who has years of experience in the field is the right decision. This is very convenient especially since you can also choose the experts you want (based on their performance). Investors also know that they will receive a bonus if their decision is correct. This motivates them to invest more carefully and wisely while maximizing their earning potential.
So far, in this eToro review, we’ve covered the history of the company, what it does, how it works with cryptocurrencies, and their pros and cons. If you’ve come this far, I think a little summary of what we’ve covered will come in handy later.
eToro aims to be a leading company in brokerage services, including cryptocurrency brokers. Founded in 2006, this company has a lot of experience in the investment banking sector.
Among all the brokers now offering cryptocurrency trading, e-Toro has the most options. This is because they entered the crypto game first when this currency began to emerge. Another big reason is that companies believe in cryptocurrencies and blockchain technology in general, both from a technology and financial point of view.
One of the most profitable business decisions eToro made was to implement the copy trading feature on their platform. It bridges the gap between novice investors who don’t want or don’t have the time to do their research and veterans who have been in the crypto game since Bitcoin first appeared.
There are some specific areas that the company still needs to improve on (platform optimization, and customer service), but the overall reputation and years of active experience have become the foundation on which to build a good corporate image.
Although they are not currently offering their services to potential customers in the United States, eToro has released a BETA version of their USA platform and is actively working to bring their finished product onto its running servers.