The best social trading and investing for investors?

Social trading opens trading and investing up to everyone. It offers a solution to several issues a novice trader may have. Firstly, they provide an opportunity to start earning money in the financial markets without having extensive knowledge and experience. Secondly, as you copying trades of experienced traders, you are also learning from indicative examples of the masters of their craft. In exchange, expert traders gain a high social status in the community, and as a rule some commission from the return.

eToro – The most popular social trading and investing platform for investors

For a long time, investing in financial markets was restricted to a limited group of people as it required a strong understanding of how different markets worked and the price movements of different products. This meant that only people with the right knowledge and expertise, such as bankers and financiers, or people who could afford to pay a fund manager, could invest successfully, while millions of people were excluded from the system.

However, eToro was born in 2007, creating an online trading platform that made trading easier and more accessible – and even fun. Social media has allowed people to share the smallest details of their day; eToro applies this concept to investing. In doing so, it connects investors around the world to make the experience of trading and investing less opaque and more inclusive. Besides connecting users, eToro went one step further and introduced copy trading, allowing users to copy the investments of other successful traders. This has proved helpful for people with little knowledge of investments or do not have the time and would rather delegate the task to someone with more expertise. This is what makes the platform unique.

Over the years, eToro has continually challenged the status quo of the trading industry through innovation and disruption. In 2016, it introduced CopyPortfolios – thematic portfolios that grouped stocks or different asset classes based on a specific business idea or concept, allowing users to invest in areas such as 5G technology, drones or renewable energy, which cemented eToro’s position as a fintech leader.

Going to eToro now today!

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Is eToro good for long-term investments?