eToro review 2020

Sergey Sypalo

page.title | Investing

eToro

Want to know how you can make money on trading, but for you this business seems too complicated and confusing? Or maybe they have already tried, but leaked a deposit in one of the Forex kitchens? I advise you not to abandon this idea, because eToro has made the investment process as accessible as possible for everyone, and you are not required to constantly sit by the computer. If you want to know how to earn and / or increase your money, then we’ve driven!

Why eToro?

Intuitive user-friendly interface that is understandable even for beginners. The ability to invest in stocks of global companies such as Apple, Microsoft, Google and many others. Having a demo account on which you need to practice before investing real money. Customer support through online chat and personal manager. The main feature of social trading is the ability to copy deals of successful investors in auto mode, you just need to choose the right traders for you and that’s all. In the traders section there are ready-made lists, such as “With the largest number of copyists”, “Best investors”, “Editors' Choice”. The customer’s safety is first of all for the company, therefore the system will not allow investing more than 40% of the deposit in one, even a very successful trader. The company itself is positioning itself as a social network for traders / investors,where users can not only earn, but also communicate with each other.

EToro story

The eToro brokerage company was registered back in 2007, and from that moment it has been constantly developing. Currently, the number of active traders and investors has exceeded 10 million people from all over the world, and this number is growing from year to year. The main reason for the success of the company is their unique platform combining a social network and a trading terminal, which allows successful investors to copy transactions. But let's talk about everything in order. To get started, let's go through the key points in the development of the company:

  • 2007 - foundation of the company
  • 2009 - opening of WebTrader (access to the trading terminal via a website from anywhere in the world)
  • 2011 - creation of OpenBook (social trading system / copying transactions)
  • 2012 - access to the stock market (investments in stocks for greater diversification of investments)
  • 2013 - release of mobile applications for iPhone and Android
  • 2015 - website design update (made it more understandable for customers)
  • 2016 - the advent of CopyPortfolios (the ability to invest not in indices or individual stocks, but in their collections, for example CopyPortfolio “BigTech” contains shares of large technology companies)
  • 2017 - the use of artificial intelligence and machine learning from Microsoft to compile CopyPortfolios (it gave greater benefits to investors in CopyPortfolios, because AI chooses more promising stocks)
  • 2018 - entry into the cryptocurrency market (the opportunity to invest in crypto assets)
  • 2019 - eToro Wallet is launched and 35 fiat pairs are added to the platform (the ability to buy and sell Bitcoin, Ethereum and other popular currencies from a credit card)
  • 2020 - addition of 185 shares available for investment on the platform

Registration

To register at eToro click the link or image below
As soon as we entered the site, we change the language to English at the top and fill out the registration form Registration

Account Creation

  • As soon as we entered the site, click the complete profile button in the upper left corner
    Complete profile
  • We indicate the name, surname, gender and date of birth, all as in the passport
    Name, Surname, Gender and date of birth
  • Next, indicate the address of registration
    Address of registration
  • and your trading experience. Note that if you specify the first or third option, copying transactions may not be available to you
    Trading experience
  • At this step we indicate your trading knowledge, I recommend choosing the last option “took courses” and really read/see about investing in Google/YouTube
    Trading knowledge
  • Now you will be asked to go through a small questionnaire
    Trading knowledge assessment A little hint, the first answer is the right one, but you should know this yourself ;)
  • Indicate the areas in which you will invest, I invest in stocks and indices
    Planned investments
  • As well as how long you invest, I am not a fan of round-the-clock market monitoring, and on my own tests and experience I have been convinced that long-term investment is more profitable than short-term trading, especially for long periods of several years
    Trading strategy
  • What are your plans for making money?)
    Purpose of trading
  • What is your attitude to risk? How reckless are you?
    attitude-to-risk
  • Your professional status
    Professional status
  • Your financial situation
    Financial status
  • Phone verification
    Phone verification
  • Passport scan upload
    Documents upload
  • Checking your address
    Address verification
  • Adding a tax ID
    Tax ID
  • Pending verification
    Pending verification

I advise you to monitor the mail, if there is a lack of any documents, then a notification will come to it

In the meantime, we can switch to a demo account and practice on it

Deposit

As soon as the account has passed verification (if all the documents are in order, it takes a day or two), replenishment of the account becomes available. To do this, click on the corresponding button in the lower left corner

Enter the card details and click send, as a rule, money is credited instantly

The following payment systems are available for replenishment:

  • Credit card
  • Bank Transfer
  • Yandex money
  • Webmoney
  • Paypal
  • Skrill
  • Unionpay
  • NETELLER

Investing in eToro

I arranged available eToro investment options by decreasing risk (investing in indices is the least risky)). Briefly about each of the items):

Indices
Indices represent a set of stocks, usually of a country
ETFs (Exchange traded funds)
Exchange-traded funds are collections of stocks for specific industries or regions
CopyPortfodtos
CopyPortfolios is an eToro product resembling stock funds, only stocks in CopyPortfolios are selected by experts from eToro
Stocks
Shares are part of a company
Commodities
Commodity markets are investments in oil, gold, sugar, etc.
Forex
The word Forex is strongly associated with foreign exchange markets, as they trade on fluctuations in the exchange rate of one currency to another, for example, the euro against the dollar
Traders
Well, the ability to copy trades of successful traders is the main feature of eToro