Social Trading is popular with beginners and advanced users and millions of people around the world include a Social Trading network.eToro was the first broker who offered this type of joint trade and today eToro is one of the most famous and popular brokers worldwide. The following article provides you with the eToro Social Trading ago exactly.
The most important things about eToro Social Trading at a glance:
- At eToro inexperienced investors can copy the strategies of the pros
- In OpenBook all trading activities of community members can be viewed
- At eToro trading Forex and CFDs is possible
- To trade a web-based application available
1.) eToro: Leading Social Trading Provider
More than 3.5 million people from 152 countries around the globe is one of eToro to his community. They all can communicate with one another in many ways to help each other and learn a lot about individual trading strategies and trends. His seat has the broker in Cyprus and is therefore regulated by the Financial Services Authority of the country, the CySEC. Thus, the question is not necessary according to whether eToro fraud or serious is because the CySEC is subject to the same EU-wide policy for financial markets, after, for example, BaFin works. At eToro not only Social Trading is possible, also, anyone who wants to participate in the traditional trading and finds an eclectic range of underlying assets, such as currency pairs, indices, stocks or commodities.
Conclusion: At eToro is a leading provider of Social Trading. Millions of people around the world belong to the eToro community and realize common amt an innovative commercial manner. The regulation takes place via the Cypriot authority CySEC and for trading are Forex and CFD underlyings such as equities, indices or commodities available.
2.) eToro OpenBook and CopyTrader
By eToro CopyTrader the broker from Cyprus wants profile as a leader in the Social Trading. This also means that you can also be a model the trades of other traders to copy, but even. To follow another trader, one must first find OpenBook one or more preferred candidate in eToro. This is a kind of social network for traders. Alternative offerseToro a Guru Finder, which allows you to find a trader according to certain specifications, then the personal guru, so which one follows in trade transactions. If you want to copy another trader, it is defined the use of capital. A maximum of 20 percent of commercial capital can be set to a single trader.
Conclusion: can be implemented effectively and targeted Social Trading With the Open Book and the CopyTrader function. In OpenBook all trading activities of other traders are registered and who wants can realize a courtesy search for the best among them. By CopyTrader trading strategies of other traders are copied and it is also possible, this simply observe.
3.) eToro WebTrader and Senior Charts
Anyone who wants to act independently with eToro and not only want to copy the strategies, can the eToro WebTrader use, the broker makes available for free. The WebTrader supports all the features of social trading, but allows a manual trade way. The application is clearly structured and the inexperienced traders find their way around quickly. The web platform eToro is characterized mainly by the eToro professional chart of which has numerous analytical tools and professional work permits. Real-time courses are free and who wants the demo version of the platform can choose that is offered for an unlimited period. In addition, with the broker an app to find which location-independent trading permits and is designed for smartphones and apps. The app is available for both the WebTrader and OpenBook for.
Conclusion: For Trading provides the broker eToro customers with a web-based application available that is characterized primarily by the professional charts and uncomplicated operation.The WebTrader is also available in a mobile version as well as an eToro Demo Account s.