Executive Chronicles | Copy Trading Platform etoro reviews Australia | Back in the day, investing money was never a get-rich-quick scheme. You had to put in plenty of hard work and research before you even came close to letting anyone else handle your moolah. And with that being said nowadays, it’s much simpler to perform a financial investment — all thanks to online platforms like eToro Australia.
You have no more possibility of physically trading stocks or shares the traditional way — however thanks to this type of virtual assets marketplace, anyone can now start trading assets such as commodities (oil, gold, and silver) or Forex currencies. This blog is about etoro reviews australia, and will help you learn if you can trust the platform or not.
Overview of the platform
eToro is a highly professional trading broker that offers no less than 199 tradable assets and instruments including shares, cryptocurrency, indices, commodities and other financial products. Also, they have an award-winning research department that provides in-depth analyses on virtually every currency pair. This overview will provide you with all the key information about eToro so you can be ready to make an informed decision when it comes time to choose a broker for yourself!
eToro is one of the most recommended trading brokers in Australia. All of its clients have access to a wide range of financial instruments, such as US stocks, CFDs, and currency pairs. It also has an AFSL license issued by the Australian Securities and Investments Commission (ASIC).
Pros and Cons of the platform
One of the best things about eToro is that it’s so accessible. Anyone who wants to use it can easily do so without a lot of hassle! However, there are also some disadvantages associated with using an eToro platform as well. For example, you’re only able to invest in stocks, ETFs and crypto-currencies. Because its main focus is trading and investments, it doesn’t have a lot of options when it comes to withdrawing money quickly on-demand or making deposits.
Advantages
- Beginners enjoy free 1k dollars credit in the demo account to practice trading.
- User-friendly interface
- There is no commission on stock trading.
- For forex trading, you have access to a large number of currency pairs.
Disadvantages
- Not many crypto pairs are available for trading.
- The conversion fee is high when you convert AUS to USD.
- The fee structure at eToro is complex.
Summing Up!
On eToro, the copy trading feature works like a small social network. Important to note, it offers less room for fraudulent activity than any other platform. All traders have their real photos and full names on their profiles, as well as sharing some personal content every once in a while can be seen. Many of the traders share market news and some of their other news too.
If that wasn’t enough — you can view each trader’s performance through graphs and statistics that are important because you get to see how well they trade before using their services. eToro is a trustworthy platform and, you can make investments. Again, the decision is yours and be cautious. Don’t invest all amount, and try with some minimum at first.
