Is eToro a scam?
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The eToro community is growing widely worldwide thanks to the fintech trend and smart investment decisions of investors. However, the question “what is eToro” or “is eToro a scam” is still the concern of many people, especially novice investors who are looking for a safe, reputable trading platform’s credit and quality. Therefore, today’s article will help you answer those questions most clearly and straightforwardly so that you can trade with peace of mind.
What is eToro? Is eToro a scam?
- When was eToro founded? Founded in 2007 in Israel by brothers Ronen Assia and Yoni Assia with partners David Ring, eToro has since grown steadily with over 700 employees, operations in 140 countries, and over 14 million users worldwide.
- How much capital has eToro raised from fund investors? To date, eToro has raised a total of US$222.7 million over 10 rounds, with the latest Series E round taking place in April 2018.
- What companies has eToro acquired? eToro acquired two institutions – Belgium-based crypto portfolio tracking app Delta in September 2019 and Danish innovative contract infrastructure provider Firmo.
Parent company eToro (UK) Ltd. is headquartered in London and has representative offices in Cyprus, Tel Aviv, New Jersey, Sydney, and Shanghai.
- eToro is regulated and licensed by FCA (UK), CySec (Cyprus), ASIC (Australia). eToro is a fintech enterprise operating under the strict supervision of the world’s leading prestigious financial industry management organizations. Therefore, eToro is considered a reputable exchange for investors.
The development history of eToro
Founded in 2006, eToro started with a primary focus on trading fiat currencies and commodities, followed by the launch of a portfolio of stocks in July 2013 and a range of other cryptocurrencies in 2017.
At the same time, eToro added Bitcoin cryptocurrency in 2013 with CFD trading and became one of the few FinTech platforms to offer the first Bitcoin trading rights.
By February 2017, eToro expanded its crypto portfolio with a series of virtual currencies such as Ethereum, XRP, Litecoin, and more. The boom of the crypto market in mid-2017 helped eToro double its revenue, especially from international customers, thereby cementing its position and strength as a leading exchange. In the cryptocurrency trading community.
In March 2019, eToro launched its operations in the US, starting with a handful of cryptocurrencies available and growing to more than 15.
eToro is often referred to as the “Robinhood of Europe” compared to the US fintech unicorn for its user-friendly trading experience.
For eToro users in other countries, the portfolio is expanded to include more markets such as stocks, forex, commodities (oil, gold).
Some exciting features on eToro
- eToro is a user-friendly social trading platform that provides investors with the ability to trade a wide variety of assets such as stocks, cryptocurrencies, commodities, currencies, and more.
- eToro is a very user-friendly exchange, especially for newcomers, with an easy-to-use platform interface, allowing investors to transfer and withdraw money from many different reputable payment channels, …
- eToro focuses on “social” trading and encourages users to discuss and communicate with experts transparently and straightforwardly about their trading strategies or decisions
- A few unique features that make eToro stand out from other platforms are Social Copytrading, CopyPortfolio – a unique feature that allows you to copy for free. Portfolios of top traders. While traditional fund managers require you to pay a fee such as a management fee, you will not incur any costs when copying famous investors on the eToro platform.
eToro is a multi-asset platform which 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. 68% 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. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.