With so many exchanges out there, why should you choose eToro as your first trading platform? Is it reliable?
- Are you still worried about whether foreign exchange trading is illegal in Malaysia? I explained in this article 【What is foreign exchange trading? 】Is foreign exchange legal in Malaysia?
If you are also looking for an exchange that suits you, you might as well read this article, maybe you can get some inspiration in it.
What is eToro?
Before we get started, let me briefly explain what is eToro?
eToro is an Israeli brokerage company (also known as an exchange), a company that specializes in handling various financial investments . In 2013, eToro launched an option to trade stock CFD ( contract for difference) [ CFD (contract for difference) is a trading method and a form of derivatives trading], eToro has nearly 5 million investors worldwide , During this period, one of the main functions that made eToro's business grow the fastest is that it launched the function of copy trading, which means that you only need to choose an investor you are confident and like, and choose to completely copy their trades . Can. Of course, if you are currently looking for an exchange that can trade cryptocurrencies , then eToro also provides investment opportunities in this area .
Why choose eToro ?
- Multi-Asset Platform
- The products that eToro can invest in are very diversified, including the hottest cryptocurrency at present. By the way, eToro is famous for being one of the earliest trading websites that provides users with the ability to trade cryptocurrency
- Low Fees, Low Commissions
- On eToro, there are basically no overnight fees if you are not using leverage
- free insurance
- When you trade with eToro, you will get up to 1 million EUR/GBP/AUD insurance, quite safe
- Convenient deposit and withdrawal
- eToro is one of the most convenient platforms for depositing and withdrawing funds that I have used. If you use BigPay to deposit and withdraw funds in Malaysia, it is simple and fast. [ If you don’t have a BigPay e-wallet, you can apply for one here. If you apply through this code, you will get a cashback of at least RM10 immediately]
- The BigPay code is [R4HZXKAP7X].
Features Where eToro Stands Out - CopyTrader
Well, after a brief introduction to eToro, now I will talk about why you need to consider choosing eToro as your first investment platform as a novice. CopyTrader™ , as the name suggests, is a talented and experienced professional investor trade.
In the early stage of investment, many novices are not familiar with what information needs to be paid attention to, which will inevitably cause monetary losses very easily. Making money is not easy, how can you lose casually? The appearance of this function is like having an investment advisor. The good news is that you don’t need to pay them. He is very willing to be your investment advisor. Why? Because when investment advisors have followers, eToro will pay them various bonuses as rewards, that is to say, in order to obtain the largest number of followers, these investment advisors will invest very carefully, which guarantees to a certain extent Protect your assets and increase the value of your assets at the same time. The performance of all investment advisors is transparently displayed, including risk scores, failure/success rates, and more.
Some of eToro's top traders have been maintaining stable returns and consistently outperforming the benchmark index! To be honest, on this long investment journey, it is not easy to have a bright light ahead for you to learn from, and this is something that other trading platforms do not have.
Does eToro have a downside?
Having said all that, are there any downsides to eToro? Yes, and the downsides are quite obvious, the platform itself seems to freeze at times and orders cannot be placed, and eToro doesn't seem to give any specific reasons why. Maybe it's technical difficulties or server maintenance, but it's a problem that many people find annoying. So my suggestion is to only use eToro for long-term investment, not short-term investment. So as not to cause unnecessary losses.
Fortunately, eToro has also made considerable efforts in this regard recently, and the occurrence of this situation has been greatly reduced.
Summarize
If you're already an investor, and have been for a long time, eToro could be an ideal place to increase your income . When you invest seriously and make profits, you will find that many investors will pay attention to you, and even copy you and follow you. Then this will be a very considerable income other than investment. Invisibly, this will become your passive income, and your potential to earn more income will increase without actually having to do anything.
If you are a novice, I strongly recommend that you give it a try and try the 100,000 demo account provided by eToro for free. Through the free demo account of 100,000 US dollars, explore the ease of use of the eToro platform, open and close positions, create Your virtual investment portfolio is quite practical for your future investment career!
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In the next issue, I will share [Why choose Canva ? 】 . Thanks again for your subscription and attention. See you next time👋
