eToro promotion code:
eToro promo code “Topbonus”
Your capital is at risk.
eToro is the world’s leading social investment network and online CFD social trading platform, and the preferred trading platform of many traders around the world. More unexperienced traders especially can learn a lot at eToro, as they can choose to “follow” some of the more experienced traders who have an impressive trading record, and trade when the best traders on the platform trade. Experienced traders, on the other hand, also uses eToro because they receive an “advice payment” based on the number of “followers” that copy their trades. In order to keep the customers amused, eToro regularly offers bonuses and promotions to both new and existing clients.
eToro promo codes
Since the establishment of eToro in 2007 the company has grown to become one of the largest websites on the market for online trading. Furthermore, eToro is today the largest social trading network, and pretty much defines that market. A key feature of eToro’s success is the Copy Trader or Open Book concept, which allows traders to copy other traders with a proven record to make money and automatically trade when the trader that is being been copied makes a trade on the market. EToro has a long history for creating eToro Promo codes, which gives you a little extra to invest for. Please remember, that you can use the eToro Promo Code “Topbonus” when signing up to eToro.
Important update regarding eToro Promotions: As from summer 2018 eToro no longer offers bonuses. You can use the eToro Promotion Code but no extra bonus will be added to your account.
eToro is regulated by the Financial Conduct Authority (FCA) in the UK (number 583263).
Your capital is at risk.
Benefits for new traders: Copy the best traders trading.
The OpenBook/WebTrader concept has made it easy for new traders to trade the market and trade like the pros, which gives them a fair chance of earning money on trading. For the “pro traders”, on the other hand, the advantage of having many traders copying their trades is cash money and reduced spreads; or if the traders have quite a lot of copiers, no spread at all, which makes it much easier to make money by trading.
Many of the eToro pro traders are indeed successful. eToro presented some statistics in 2015 on copied trades, and it turns out that 85% of the copied trades conducted turned out to be successful. That makes eToro an impressive tool for new traders to learn about the markets without risking too much money in this phase. One should, however, keep in mind that the copied traders get a reduction in the spread that they pay for trading, due to the amount of copiers, which makes it easier for the copied traders to earn money than for the traders copying the pro-traders. But still, the eToro concept is very effective for new traders. For the more experienced traders who do not want others copying their trades, we would recommend a CFD broker like ETX Capital.
Benefits for the pros: Earn money from other traders copying you.
For the experienced trader the eToro OpenBook concept offers a possibility to cut the spread and receive extra cash. When traders copy the experienced traders, the traders receive large benefits; for instance a trader who has 250 copiers receives $1,000 each month, plus 30% of the revenue from new clients brought to eToro, and an additional 50% rebate on the net spread of their own trades.
David Ring and Yoni and Ronen Assia founded the trading pioneer eToro in Tel Aviv in Israel in 2007. The company has offices in Cyprus, Israel and the United Kingdom.
2010 saw a milestone in eToro’s history, when they introduced the OpenBook, a social investment platform with the CopyTrading feature, which is central for eToro. If you are looking for a top broker for skilled traders and are not interested in the copy-trading concept and the benefits from that programme, other brokers such as ETX Capital would properly be a better alternative. But if you are a newcomer on the trading scene, or a skilled trader interested in the benefits of such a programme, eToro is a very attractive platform.
eToro Mobile Device
eToro is one of the most innovative online brokers, and of course was one of the first brokers to use a mobile platform for smartphones or tablets. In 2011 they introduced their trading app, which makes it possible to trade using an iPhone or Android device.
eToro is provided by eToro (Europe) Ltd, which is a registered Cypriot Investment Firm (CIF – number: HE200585) and regulated by the Cyprus Securities & Exchange Commission (CySEC – number 109/10); and eToro (UK) Ltd, which is a registered company in the UK (number 7973792) and authorised and regulated by the Financial Conduct Authority (FCA – number 583263). eToro (Europe) and eToro (UK) both operate under, and comply with, the Markets in Financial Instruments Directive (MiFID).
Your capital is at risk.
eToro invest in gold, oil and other markets
At eToro you can invest in a variety of different commodities such as gold, silver, oil and … you name it, they’ve got it. Even though the eToro system is a little different from other brokers it still is a Contract for Difference (CFD) broker, and offers the possibility for you to put your money in commodities. CFDs mean that you do not own the commodity, but you have engaged in a contract with eToro that has guaranteed a price within a given time period. You are free to sell your position before the time period has ended, but otherwise you will have to close the contract at the time that the contact runs out. For instance, if you think that oil will go up you will go “Long” and if you think that oil will go down you will go “Short”. No matter what you choose, we are cheering for you.
Invest in stocks
One of the reasons that CFD trading has become popular is that it is easy to get in and out of the market with CFDs, not least in relation to stocks. You can bet on an index (such as the German DAX) or on a single stock (such as BASF or Apple) with CFDs, and you can gear your position. Many traders use CFDs to hedge their larger positions in the “real” stock market using gearing.
eToro is a good way of getting into stock CFDs with the easy-to-understand CopyTrader, where you as an eToro client can copy other successful traders, and so be helped by more experienced investors.
Invest in forex.
Forex is perhaps the most popular CFD market. You trade forex in valuta pairs, and by far the most popular valuta pair is EUR/USD, which is where most of the forex action is. One thing you should bear in mind when trading forex in CFDs is that the products are geared, so that often very small changes in the forex market take on a more considerable size, and you get the chance to win (or lose!) money. It is seldom that you see dramatic changes in the forex market, such as the dramatic change in the Swiss Franc in 2015, and therefore gearing makes sense in most cases.
In eToro, forex is still king, and it is of course the forex pair EUR/USD that is their biggest market as well, which also means that it is with trading that forex pair that you pay the lowest spread. If you are into some of the less common forex pairs such as AUD/GBP, the spread will be a little higher, which should be taken into consideration.
eToro is well regulated.
Furthermore, it is reassuring to see that eToro is not only regulated by CySEC (from Cyprus) but also by the FCA in the UK. There is nothing wrong with CySEC at all, but we always prefer a broker regulated in Germany or the UK. It just works better for us.
eToro does not benefit from your losses.
One of the more appealing features of eToro is that the broker does not benefit from your losses. Some of the brokers out there benefit when the investors losses, and you should not choose such a broker. eToro’s business model ensures that eToro does not benefit from your potential losses, but only earns money from charging a difference in the spread. In other words, eToro benefits from your trading and not from potential losses, which gives the broker the incitement for their clients to earn and not lose money.
If you have any questions about eToro you can contact them at one of the following addresses:
- eToro (UK) Ltd,
- Level 39, One Canada Square,
- Canary Wharf
- E14 5AB,
- London, United Kingdom
- eToro (Europe) Ltd,
- 7 Omirou St., 2nd Floor
- 3095 Limassol, Cyprus
- Fax: +44 866 350 0881
- eToro (Australia) Ltd,
- Level 10, 2 Bligh Street,
- Sydney, New South Wales,
- Phone: +61 1800 778 583