By ensuring that its users go through this process, etoro complies with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. To make money on eToro, you need to be up to date with upcoming financial events and recent news, familiarize yourself with each asset before you start trading, and distribute your funds among various asset classes and assets. Once an account has been established, investors can buy or sell assets on eToro's web platform or in its easy-to-use application. If you don't know what to buy, you can use the CopyTrader function to replicate the trades of one of the operators in the eToro Popular Investor program.
As a leading trading platform, eToro has successfully ensured compliance with major regulatory authorities, including CYSEC, FCA, CIF, MiFID and AFSL. Arguably, the most interesting feature of the eToro trading application is the ability to automatically copy the trades of successful traders using the platform's social trading function. eToro offers one of the best selections we've ever seen of digital assets that can be combined in the same account to invest in stocks. In addition to these major cryptocurrencies, eToro also provides access to lesser-known coins such as IOTA, NEO and Stellar Lumens.
And while it doesn't offer trading pairs between cryptocurrencies, the eToro mobile app offers advanced graphic features, customization and alerts. Currently, the service is only available for cryptocurrencies, but eToro states that it plans to add copy trading for stocks and ETFs. eToro's stock and stock offerings provide you with opportunities to invest in companies in all sectors, from technology, finance, healthcare and retail to travel, banking and telecommunications. Originally trading under the name RetailFX as an online currency broker, the company later changed its name to eToro and began offering commodities, indices and stocks.
Participation is free. eToro compensates popular investors, and once you've created your trading portfolio, you can apply to be a popular investor yourself. With eToro, you can trade or invest in assets on the US stock exchange. In the US and in many other markets (United Kingdom, Europe, Asia, etc.) eToro offers a wide range of cryptocurrencies along with other investment products, such as stocks and ETFs.