Founded in 2007 and based in Cyprus, eToro‘s narrow focus on social and copy trading has underpinned rapid growth that now boasts more than 10,000,000 clients worldwide. The platform also offers these services in the cryptocurrency space.
The key feature of this unique proprietary platform is the ease in which an individual client is able to implement copy trading. The eToro platform features many traders who want to be copied and who follow risk-control rules. This accessibility then allows retail account holders to mimic the trades and trading strategies of the most successful clients, automatically and in real-time. While other brokerages have a similar capability, none have integrated it with social media communication quite as well as eToro has.
Opening an account requires just $200 ($50 for U.S. and Australia).