Founded in 2007, eToro holds several regulatory licences such as ASIC, CySEC, FCA and FSA Seychelles. Known for its social trading platform, the broker is constantly enhancing its technological capabilities to provide state-of-the-art trading services based on client preferences.

eToro App Introduction

On 5 November 2013, eToro released its trading application. Despite its power, the application takes up only 53 MB and has an intuitive and futuristic interface that is also very user-friendly for newcomers.

The application is multilingual, offering Spanish, Italian, German, Russian, Chinese, French, Arabic, Polish, Dutch, Norwegian, Portuguese, Swedish, Czech, Danish, Romanian, Vietnamese, and Finnish in addition to English.

In addition, users have the flexibility to customise the display currency, choosing from a wide range of currencies such as the Euro, British Pound, New Zealand Dollar, Canadian Dollar, Japanese Yen, Swiss Franc, Australian Dollar, Hong Kong Dollar, South African Rand, Rouble, Chinese Yuan, Norwegian Krone, Swedish Krona, Turkish Lira, Mexican SGD, Singapore Dollar, Hungarian Forint, Polish Zloty, and Czech Krona.

In addition, the eToro app offers a wide range of trading tools, including:

• 55 currency pairs
• 32 kinds of commodities
• 161 cryptocurrencies
• 200 ETFs
• 200 Stocks
• 21 Index

With such a wide selection of trading instruments, traders have ample opportunity to create a diversified portfolio based on their risk tolerance and trading strategy。In addition, the app's cutting-edge technical features enhance the trading experience, solidifying its position as the best trading platform。

Creating a Portfolio

CopyTrader: Copy Trading

CopyTrader is a copy trading service that has become a favourite of many traders around the world. With CopyTrader, you can copy the portfolios of professional traders, making it easy for even beginners to get started.

To access CopyTrader, you can click on the Discover menu with the magnifying glass icon; swipe the tab above to find CopyTrader.

However, only real accounts can use eToro's CopyTrader service. Therefore, you must have a real eToro account, complete the verification process and deposit at least €2,000.

In the CopyTrader menu, you can browse for professional traders that match your risk management or preferences. The names that appear are experienced traders with a high success rate and impressive returns, and you just need to match them to your profile.

On the CopyTrader page, investors are divided into several categories, including Trend Investors, Top Copyists, Market Performers, ETF Focused and Energy Investors.

You can see the investor's entire profile, with trading history statistics in the "Stats" section, and a summary of their performance over the years, the range of returns they have achieved, and a risk score in the "Overview" section. The lower the risk score, the less risky the strategy used.

You can also view their nationalities, biographies, trading tools, popular trades, similar traders, and related posts. Meanwhile, the "Portfolio" menu contains his open trades. Simply click the "Copy" button in the bottom right corner.

Smart portfolio

Smart Portfolios are innovative portfolios crafted by eToro analysts to provide an easy, diversified approach to long-term investing.

Designed around specific themes, each with its own unique strategy, these portfolios allow investors to capitalise on key market trends without paying portfolio management fees.

eToro portfolios, also known as smart portfolios, bundle together a selection of financial assets based on selected themes. These assets are carefully selected and regularly updated according to the portfolio's strategy, which you can view on the Statistics tab of each asset page.

Diversification is an important aspect of these portfolios, reducing risk by including assets from different sub-sectors, regions and asset classes. Through comprehensive research and analysis, eToro selects leading companies and assets globally with strong long-term growth potential based on current data.

Supported by cutting-edge technology and advanced data, eToro's smart portfolios are designed to adapt to changing market conditions. These portfolios are available to all levels of investors.

Each portfolio is managed by eToro's investment team and is carefully crafted taking into account factors such as balance, exposure, potential return and risk. Partner portfolios, managed by eToro partners, are also available.

eToro's portfolios consist of a variety of financial assets, each with a specific percentage of the total investment. With a minimum investment of $500, investors can be sure to have enough money to open all the positions they need to invest.

As with the CopyTrader service, you can also view an overview of the Smart Portfolio and statistics for consideration. In the Discover menu, look for the Smart Portfolios tab, which is located right next to CopyTrade. Once found, try clicking on one of the portfolios.

Follow the same procedure to review the risk profile, assets traded and level of return generated for your consideration. The Smart Portfolio feature enables traders to conveniently construct portfolios directly from their mobile phones.

Create your own portfolio

Go to the "Watch List" menu and select the instrument you want to trade. For example, if you want to trade EUR/USD, just click on EUR/USD in the list and you will be redirected to the EUR/USD price chart.

Simply click on the green "Buy" button to execute a trade. On the trade page, you can set the order type (short or buy), amount, leverage, stop-loss, take-profit and order type. When you're done, click "Buy" again and the eToro app will quickly process your order. Below the asset price chart are a series of tool icons.

• Icon (1) can change candle shape
• Icon (2) can add technical indicators
• Icon (3) allows you to add another tool chart for comparison
• Icon (4) for easy adjustment of candle color
• Icon (5) provides the option to share the chart on social media platforms like WhatsApp, Twitter or Facebook

To view open positions, you can click on the "Portfolio" menu and the list will be automatically displayed in "My Portfolio", where you can monitor positions against profit and loss. To update or close a trade, simply click on the asset you want in the list.

If you have a list of assets you want to include in your portfolio, you can group them yourself. This is done as follows: Click on the "Watch List" menu and then click on the down arrow next to "My Watch List". Click on "Create New List". Then, add the assets you trade regularly to create your own portfolio.

Virtual Portfolio

Essentially, a virtual portfolio functions the same as a demo account. To access this service, you can click on the three-line icon in the upper left-hand corner and then click "Switch to Virtual." Click the "Switch to Virtual Portfolio" button again.

In the Virtual Portfolio you will receive $10,000 in virtual funds. You can use this money to trade as much as you want.

Not only beginners, but also intermediate and advanced traders can use the Virtual Portfolio to test strategies. If you run out of funds, you can request more.

Instant access to your funds

With the eToro mobile app, you can make instant deposits with just one click.

All you need to do is click on the icon with the three lines in the top left corner and then click on the blue button labelled 'Deposit'. The app will immediately take you to the deposit page, which can automatically display the required deposit amount in your local currency.

This helps traders to deposit funds quickly without having to exchange currencies first. The withdrawal process is also very simple, just click on "Withdraw Funds".

Unfortunately, the only deposit options in the eToro app are credit/debit card and bank transfer.

Learning materials for beginners

The Academy feature of the eToro app contains a range of trading learning materials. The menu, which can be found by clicking on the three-line icon, has articles, videos and live lessons covering everything related to trading, whether it's forex, stocks, commodities or cryptocurrencies. Best of all, all educational material on eToro is free.

In each material, their skill level is also indicated, ranging from beginner, intermediate, advanced and all levels. Thus, you can learn in the Academy before creating a trading portfolio.