eToro was founded in 2007 and quickly moved to the cutting edge of the financial sector by pioneering the art of social trading–or copy trading. Not only can members of eToro open and close their own positions for assets such as currencies, stocks, cryptocurrencies, and ETFs, they can also mirror other members by automatically copying trades. Much of the platform’s value proposition is the ability to socialize with other traders, delve into their profiles and strategies, discuss the markets, and replicate their tactics.
This content is not intended for US users. eToro USA LLC does not offer CFDs, only real cryptocurrencies available for US users. Related to the concept of social trading is the opportunity to become a leader on the platform. For either attracting followers or successfully generating returns for followers, leaders are entitled to compensation. eToro offers copy and self-trading for both CFD and non-CFD assets from its colorful dashboard, with licensing to operate granted by regulatory authorities including the FCA, ASIC, and CySEC.