Is eToro safe for beginners in Spain?

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eToro is a popular multi-asset broker and crypto exchange that has developed a reputation for itself by using ideas like copy and social trading. In 2007, Ronen Assia, Yoni Assia, and David Ring launched eToro. They provide contracts for difference, digital currencies, equities, and exchange-traded funds. However, there are hundreds of users who trade through eToro and are satisfied with their services.

The eToro main office is located in Tel Aviv-Yafo, Israel. eToro operates in four countries with headquarters in Cyprus, the UK, the US, and Australia. The 2020 market capitalization of the company is $2.5 billion, up from $800 million in 2018. Also, according to (etoro opiniones) by the traders union, eToro is one of the best reputable brokers that you can trust because it is governed by authorized companies.

A Quick Overview of eToro

eToro provides access to various financial instruments, such as stocks, fiat currencies, commodities, ETFs, and 15 different cryptocurrencies.

When it came to creating a social trading component, they were an innovator. They were the ones who started it all. Currently, there are a variety of similar options provided by various vendors. eToro maintains its position as the industry leader in this respect.

In this scenario, users can interact similarly to that popular social media platforms, including through means of conversation and sharing. Those who choose to follow other users can monitor their progress and activity, as well as the instruments they trade.

The company has released two ground-breaking offerings: CopyTrader™ and CopyPortfolios™. However, they are well-liked among both seasoned investors and newcomers because of their status as a trustworthy and user-friendly trading platform.

Is eToro a safe platform?

While eToro has been around for a while and has a large number of satisfied customers, we still check out the platform’s security. If you want to be safe from scammers, follow these steps.

  • There is not to worry about using eToro because it is completely secure. In order to ensure the safety of your funds, we only use the highest security, Tier 1 banks. Enhanced security covers all of your personal data. If you want to avoid getting hacked while trading online, you must always check the browser’s security indicators.
  • Each eToro user’s privacy is protected, and they are in charge of their own account. All of your information is kept completely private and is never sold or distributed.
  • eToro is supervised by major financial authorities such as the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the Financial Crimes Enforcement Network (FinCen). Client funds are held with reputable financial institutions, and all sensitive data is encrypted and secured by an SSL certificate. When making a purchase via your browser, you should still keep an eye out for security indicators.

Conclusion

We advise both new and seasoned traders to use eToro because it is a good platform for copy social trading as well as crypto trading. It’s great for making trades in US stocks with no commission fees. In comparison to its competition, eToro’s costs for exchange rates and CFD trading are rather higher.

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