eToro
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eToro
- Price from$0
- Free trialYes
- Visit Website
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Introduction
The volatility in cryptocurrency trading means that keeping up with the changes is a tough call for any trader. Crypto prices changes in minutes, hence can disrupt the crypto market instantly.
Opportunity
The fact that crypto trading can take place anywhere around the world and at any time of the day is a big opportunity for traders to profit from. The crypto trading volatility can be beneficial if a trader can take advantage of it. But this opportunity comes with some special challenges.
Problems
It is not easy to keep up with the level of volatility crypto price experiences. For traders to benefit from crypto trading, they should be able to trade optimally and timely. The timely aspect is difficult to achieve because a trader would be required to be alert 24/7 to monitor and make gainful trading.
Solution
Trading bots are the solution to these challenges. Bots are automated trading programs that help traders to carry out their trading activities with ease. Bots can work round the clock just as crypto trading operates, hence they can respond to changing prices instantly as programmed by the trader.
About
eToro is a social trading and investment platform that traders can use to make their trading easy. Although the company began as a general trading platform in 2007, they added cryptocurrency trading instruments in 2013 when they began to offer Bitcoin trading.
In 2019, the company launched its crypto trading platform and wallet in the United States. eToro is one of the first trading platforms to add social features to their trading platform. The features include CopyTrading and CopyPortfolios. The trading platform has some of the following advantages:
- Social trading: An ideal social trading and multi-asset platform for newbies.
- Pioneer online investment platform: having begun its operations in 2007, eToro is considered one of the most trusted online trading platforms.
- One-stop-shop for online trading: it offers an excellent option for one who wants to trade on both cryptocurrency and traditional assets like stocks, commodities or ETFs.
- Learning opportunity: eToro is quite friendly for less-experienced traders, who can benefit from seasoned and experienced investors or traders. The social trading allows traders to learn through research and insights from experienced traders.
- A vast range of assets: other than trading on the many cryptocurrencies, one can diversify and trade on traditional markets such as stocks, bonds, forex, ETFs, commodities, and many other markets.
Ease of use
eToro has one of the most elaborate platforms with both web and mobile versions for users. They also have a mobile app version that is quite easy to use. To sign up, one needs a name, username, email address and password. eToro is strict and ensures users of its platform are verified. More importantly, it has a comprehensive trading guide, which helps new traders to kick-start their trading experience. It is also easily accessible on-the-go with the eToro mobile app which comes both in Android and i0S powered phones.
Safety
eToro platform does not specify what crypto security measures it takes with customer assets. However, they can be trusted with customer security because they also keep the customer private key. One of the major security measures eToro has taken is to separate accounts in the platform from its related bank accounts. Moreover, they only deal with major international banks such as Barclays Bank and Coutts. They are also hailed as one of the most secure platforms in terms of compliance with financial regulation.
Main Functions
Operating systems
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