There are lots of trading platforms in the U.K. One of the most heavily promoted is eToro. You may have seen the ads online and wondered if it's the right platform for you.
Here is my review of eToro for U.K investors:
eToro
eToro Reaches 13 Million Users
The eToro investment platform has announced they've passed 13 million registered users.
eToro recorded a 426% increase in new users globally making their first deposit on the platform, in the first 4 months of this year compared to the last.
Yonni Assia, CEO of eToro commented “Coronavirus induced market volatility has been a focus for media globally and has brought the topic of investing increasingly onto people's radars. We have seen a large increase in trading volumes on eToro since the start of 2020 from both new and existing users.”
Traders to Copy Trade on eToro in 2020
So far 2020 has been a pretty awful year for the markets. There has been a bit of a market crash and there is a recession in our future. But there has also been a lot of volatility. And if you're a good enough trader, you can take advantage of this volatility. Personally, I'm not good enough – but you can copy the trades of other people on platforms like eToro.
I wanted to highlight a couple of traders who I think have performed amazingly well during these testing times, just to show you that it's possible to trade successfully, no matter what is happening in the world.
Remember that the following isn't investment advice – always do your own research!
How to Start Copy Trading
Have you heard of copy trading but not known where to start? This is my guide on how to start copy trading on eToro. I've been trading and copy trading for the last 5 years or so. I think its a great way to learn more about investing and economics and tap into the knowledge base of more experienced traders.
2020 has been a pretty crazy year so far and markets have been volatile. But there have been traders who have been able to take advantage of this volatility and had success. This is where copy trading is super powerful. You can tap into the traders who are making the most of these trying times.
My Top eToro Trading Tips: 2020 Edition
Here are my top eToro trading tips for 2020. Each year I like to put tougher a little guide on what I think works best. Of course this is just my experience and you should do your own research to make sure it's the right type of investing platform for you.
So what is eToro? eToro is a popular social trading platform. It's a bit like if you combined Facebook with a Broker. Each trader has a feed that you can follow. You can see the trades they have opened and closed and you can even copy those trades using eToro's copytrading feature.
eToro launches a cryptocurrency exchange
eToroX which is the blockchain division of eToro has announced the launch of a new crypto exchange. This is a big move for eToro and a further push into the crypto space.
What has eToro launched:
So eToroX has announced a few things. First up a crypto exchange where you can trade a number of crypto assets. It's much like other exchanges where you deposit crypto and use it to trade and exchange into other coins and tokens.