eToro promotion code:
$300-$999 eToro offer a bonus of $100 — get100, valid until the end of the year
$1,000-$2,499 eToro offer a bonus of $300 — get300, valid until the end of the year
$2,500-$5,000 eToro offer a bonus of $1,000 — get1000, valid until the end of the year
eToro is the world’s leading social investment network and online CFD social trading platform, and the preferred trading platform of many traders around the world. More unexperienced traders especially can learn a lot at eToro, as they can choose to “follow” some of the more experienced traders who have an impressive trading record, and trade when the best traders on the platform trade. Experienced traders, on the other hand, also uses eToro because they receive an “advice payment” based on the number of “followers” that copy their trades. In order to keep the customers amused, eToro regularly offers bonuses and promotions to both new and existing clients.
Since the establishment of eToro in 2007 the company has grown to become one of the largest websites on the market for online trading. Furthermore, eToro is today the largest social trading network, and pretty much defines that market. A key feature of eToro’s success is the Copy Trader or Open Book concept, which allows traders to copy other traders with a proven record to make money and automatically trade when the trader that is being been copied makes a trade on the market.
eToro is regulated by the Financial Conduct Authority (FCA) in the UK (number 583263).
Benefits for new traders: Copy the best traders trading.
The OpenBook/WebTrader concept has made it easy for new traders to trade the market and trade like the pros, which gives them a fair chance of earning money on trading. For the “pro traders”, on the other hand, the advantage of having many traders copying their trades is cash money and reduced spreads; or if the traders have quite a lot of copiers, no spread at all, which makes it much easier to make money by trading.
Many of the eToro pro traders are indeed successful. eToro presented some statistics in 2015 on copied trades, and it turns out that 85% of the copied trades conducted turned out to be successful. That makes eToro an impressive tool for new traders to learn about the markets without risking too much money in this phase. One should, however, keep in mind that the copied traders get a reduction in the spread that they pay for trading, due to the amount of copiers, which makes it easier for the copied traders to earn money than for the traders copying the pro-traders. But still, the eToro concept is very effective for new traders. For the more experienced traders who do not want others copying their trades, we would recommend a CFD broker like ETX Capital.
Benefits for the pros: Earn money from other traders copying you.
For the experienced trader the eToro OpenBook concept offers a possibility to cut the spread and receive extra cash. When traders copy the experienced traders, the traders receive large benefits; for instance a trader who has 250 copiers receives $1,000 each month, plus 30% of the revenue from new clients brought to eToro, and an additional 50% rebate on the net spread of their own trades.
David Ring and Yoni and Ronen Assia founded the trading pioneer eToro in Tel Aviv in Israel in 2007. The company has offices in Cyprus, Israel and the United Kingdom.
2010 saw a milestone in eToro’s history, when they introduced the OpenBook, a social investment platform with the CopyTrading feature, which is central for eToro. If you are looking for a top broker for skilled traders and are not interested in the copy-trading concept and the benefits from that programme, other brokers such as ETX Capital would properly be a better alternative. But if you are a newcomer on the trading scene, or a skilled trader interested in the benefits of such a programme, eToro is a very attractive platform.
eToro Mobile Device
eToro is one of the most innovative online brokers, and of course was one of the first brokers to use a mobile platform for smartphones or tablets. In 2011 they introduced their trading app, which makes it possible to trade using an iPhone or Android device.
eToro is provided by eToro (Europe) Ltd, which is a registered Cypriot Investment Firm (CIF – number: HE200585) and regulated by the Cyprus Securities & Exchange Commission (CySEC – number 109/10); and eToro (UK) Ltd, which is a registered company in the UK (number 7973792) and authorised and regulated by the Financial Conduct Authority (FCA – number 583263). eToro (Europe) Ltd and eToro (UK) Ltd both operate under, and comply with, the Markets in Financial Instruments Directive (MiFID).
If you have any questions about eToro you can contact them at one of the following addresses:
eToro (UK) Ltd,
Level 39, One Canada Square,
London, United Kingdom
eToro (Europe) Ltd,
7 Omirou St., 2nd Floor
3095 Limassol, Cyprus
Fax: +44 866 350 0881
eToro (Australia) Ltd,
Level 10, 2 Bligh Street,
Sydney, New South Wales,
Phone: +61 1800 778 583