Practical Guide To eToro Webtrader

eToro has a world-class web platform with a user-friendly and easy-to-understand design. It will enable each trader to execute complex operations easily, no matter the level of experience. Also, it offers access to key features for all types of trading for both beginners and experienced traders. 

We believe that the eToro trading platform is versatile since it allows viewing multiple charts simultaneously. This is ideal for day traders and experienced traders who focus on trading several financial assets concurrently. 

eToro has a mobile app version, which follows the same principles seen in the web platform. It is accessible on iOS and Android, and it features all the standard functions for fast and convenient access. 

Setting Up An eToro Account 

Creating an account with eToro is simple. You’ll have to verify your identity before trading, and this step is done by email. All you have to do is click on the link received on your email address, and your account will be verified. 

The First Deposit 

After verifying the account, you can move forward to making an initial deposit. On the left corner at the bottom of the page, you’ll find a Deposit tab. 

• Select your deposit currency 
• Choose the amount you want to deposit 
• Submit your credit card information 
• Click on the submit box to start the process 

The First Transaction 

At this point, you can go to the financial instruments section, identify one that interests you, and select the stock market asset you aim to trade. Click on the Invest tab, and you’re ready to go. 

Keep in mind that you can pick any stocks featured in eToro’s table. Your transaction will be confirmed as soon as you click on the Open Position button. 

The most important innovation and feature at eToro offers is the copy trader tool available on its social trading site. eToro is the leading online broker in social trading services, and we can say that its features are suitable for both experienced and inexperienced traders. 

Beyond that, eToro focuses on consistently making improvements to ensure a flawless functionality. 

The concept of copy trading involves enabling specific traders to copy other traders. Hence, they can receive expert guidance on how to achieve success in their exchanges.

It is a win-win collaboration reinforced by eToro to help all their clients develop optimized trading strategies.

eToro has an extensive list of stocks classified under several categories. Here is a list of examples of companies from each industry. 

NYSE 

One of the biggest stock markets on the globe is the New York Stock Exchange (NYSE), and it features some of the top corporate giants of American finance like Boeing (BA), McDonald’s (MCD) and IBM (IBM). 

Technology 

With this broker, you can access the high-tech sector and trade some of the most profitable stocks like Hewlett Packard (HPQ), Microsoft (MSFT), and Vodafone (VOD). 

Consumer Goods 

Consumer goods are the ones integrated into popular culture like Dr. Pepper Snapple Group, Inc (KDP), Coca Cola (KO), and Ford Motor Co (F). 

Services 

eToro allows its clients to trade shares of companies that specialize in services, such as FedEx Corporation (FDX), Abercrombie & Fitch Company (ANF), and Starbucks Corporation (SBUX). 

Finance 

eToro focuses most on the financial sector, and it provides access to several important stocks like Visa (V), American Express (AXP), and Western Union Company (WU). 

Health 

American companies are successful in the health sector, but European ones that have financial support can turn out to be successful, too. Some of the best investments done in the health sector include Johnson & Johnson (JNJ), Aurora Cannabis (INC), and Cronos Group Inc (CRON) 

Raw Materials 

eToro has an entire category dedicated to companies specializing in raw materials. Some of the stocks one can trade are SOLVAY (SOLB.PA), Exxon-Mobil (XOM), Ternium SA (TX), and BASF SE (BAS.DE). 

Currencies 

Forex is one of the most attractive markets globally, and eToro is a reliable broker that provides access to the forex market. On its platform, you’ll discover top currency pairs, minor pairs, and even exotic pairs. 

There are several advantages associated with eToro, such as the zero commission on stock market shares. Also, the platform is user-friendly and simple to understand even for complete beginners. Social trading or copy trading represent a key advantage for those using eToro’s services. 

eToro is incontestably one of the most innovative online brokers, and it lets investors use professional tools and assets to achieve trading success. 

Key aspects of eToro take profit 

There are diverse vital constituents to keep in mind when choosing an online day trading platform, such as eToro:   

• the experience a broker has with day trading   
• the customer support available   
• the regulations and the best play an arbitration role in case of disputes or loses   
• the timeframe for deposits and withdrawals   
• the international presence in several counties   
• the access to a multi-cultural customer support staff   

Based on these features, we shared a comparison table to help you decide which the best day trading broker is in 2020. We analyzed eToro compared to the top brokers in 2020 that offer the best features and platforms for traders.   

eToro can be a volatile market that can pose serious challenges, even for experienced traders. Besides the online educational resources, you can use several other tools to better understand the unique benefits of eToro markets.   

Overall, eToro is considered an industry leader, thanks to its focus on innovation.   

The first thing you want to study when selecting a day trading broker is its longevity or track record in the market. It is a crucial element in your trading strategy that can help you avoid significant financial loss. eToro is the leading day trading broker with 12 years of experience on the market and headquarters in Cyrpus and the United Kingdom.   

eToro has several regulations, being supervised by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), the Financial Instruments Directive (MiFID), and the Australian Securities and Investments Commission (ASIC).   

The main competitor of eToro is IC Markets. This broker was established in 2007, having a long track record and its main headquarters in Australia. IC Markets is monitored by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), and the Australian Securities and Investments Commission (ASIC).   

Another factor to consider when choosing a day trading broker is whether it is at the forefront of innovation. eToro offers more than 1000 trading instruments, an online and mobile platform, and a user-friendly interface for all their services.   

Beyond that, eToro supports several third-party trading platforms, allowing its clients to use distinct markets worldwide. Thanks to its innovation and ability to seek ways to keep their competitive advantage, it is a world-leader broker.   

IC Markets, the main competitor of eToro, provides up to 232 instruments and segregates clients' funds according to law.   

Day trading fees and commissions must be transparent. The top-rated day trading broker is eToro due to the competitive offers for commodities, stocks, CFDs, forex, indices, social trading, and cryptocurrency. This broker has a minimum deposit of $200.   

Another leading day trading broker is IC Markets because it offers CFDs, spread betting, forex, share dealing, and cryptocurrencies. IC Markets has a minimum deposit of $200.   

Convenient withdrawal and funding methods are fundamental for the best trading experience.   

Customer support is essential when it comes to day trading. Dealing with brokers and investing can often require several interactions with customer service. These interactions may take the form of training, installation, upgrading, troubleshooting, or even cancelation of service.   

eToro offers reliable customer assistance via phone, email, and live chat. This service is also available in several languages like English, Spanish, German, Italian, and French.   

IC Markets is well recommended for its reliable customer support, available in English, Chinese, Japanese, Afrikans, Polish, Dutch, Danish, German, and several other languages.   

Both day trading brokers let you reach support by phone, email, or chat.   

Educational resources can help you gain in-depth knowledge about day trading. Both eToro and IC Markets do their best to provide top insights and news to their clients.   

So, before choosing a day trading broker, you should check to see whether it offers access to comprehensive trading resources. These might include education, analysis, and risk-management tools. 

#7 Regulations   

A broker regulated by leading authorities comes with a lower risk. These regulations will protect clients and ensure the broker offers qualitative services. Also, the broker regulation will minimize fraud and financial harm.