In the year 2007, the eToro broker was come into being. The organization currently working with several traders in 140 states, that’s why it is known as social trading platform. Moreover, broker contain many divisions which are licensed through various regulators and working with different authorities or control.
As an example explain that eToro of UK is strictly licensed through the FCA which us British regulator and eToro of Europe is certified by CySEC which is Cypriot regulator. Their representative office has held in USA and Australia.
It’s been more than decades that the best forex brokers has providing their services in (OTC) counter financial markets. Besides, till now there are many questions that pointing towards the fulfillment of their responsibilities. Furthermore, to know the type of account along with trading situations, you have to register yourself on the official website.
For investors, the trading conditions are hardly fascinating. Initially, the withdraw payment fee is $5. It might be symbolic but the reason behind this fee is not clear. Then the copied traders are as limited as 100, another unclear reason behind this restriction.
One can consider eToro as social trading platform because it contain particular niche along with its own pros and cons. Likewise the endurance of organization show that how hopefully they support the average level. Additionally, the eToro broker has standard place in rating of Traders Union regarding to the brokers of Forex.
According to eToro review broker has launch online trading service and feature socially oriented approach unlike other trading platform. Beside this, broker got the registration of online social trading along with distinctive platforms which include CopyPortfolios investment methods an techniques, CopyTraders systems and auto-following features.
In case of transactions copying, the CopyTrader is the best system and it also permit the broker to copy the actions of other brokers in real time. The social trading key pints involve:
- The trader himself is trading, so if the trading is effective, then the better rating position the trader will have.
- In trading, the investors are responsible for the evaluation of risks, techniques and wok activity of traders, selection and account linking’s.
- All the current transactions become copied to the account of the investors and the broker receive their amount as commission. Keep in mind that the commission of trader is in the form of income percentage or fixed price according to the asset.
On the other hand, some known traders also earn some additional amount when they take part in the PIP – Popular Investors Program. This program particularly provides the mean of earning from fund volume which is further control by the brokers. They can earn more than 20% of amount per year. For example, let suppose 1000 people has copied the traders along with $10 million. In this way, the additional amount could be $200,000.
Another distinctive eToro system is CopyPortfolios. It is known as prepared techniques for investment which make on the given criteria. This formula is ready to use containing optimized risk and assets set.