Before you invest your hard earned money in an online broker, you have to be 100% sure that the broker is not a scam. This will avoid you from losing your hard earned money.
Today, I am going to review eToro and suggest some tips about this online platform.
I joined eToro last September 2019. During that time, I am searching to buy stocks for my investment after setting up my long-term goal. This is also the time that I learned that you can buy stocks using online platform. Before, if you want to buy stocks, you need to go personally to the broker’s office to buy stocks. But because of the innovation, online brokers are now available for our convenience. eToro captured my attention when I read about its features about multi-asset. Yes, eToro is the fastes-growing multi-asset online trading platform. In addition to that, eToro is also a social trading platform where you can interact with different investors and share some knowledge about tradings. You can post your own analysis and comments for others. It is very informative.
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Proofs that eToro is Not a Scam
THE ADDRESSES
In identifying the legitimacy of a website or a trading platform like eToro, the first thing you should find is the location of that company. Based on my research eToro has four locations of their business and it is regulated by some authorities. In United Kingdom, eToro is regulated by the FCA (Financial Conduct Authority), it is the conduct regulator of financial services companies and financial markets in the United Kingdom. It’s main office is located at 5 Fleet Place, London EC4M 7RD and 24th Floor, One Canada Square, Canary Wharf, London E14 5AB.
Another location for eToro office in Cyprus which is regulated by CySEC (Cyprus Securities and Exchange Commission). They granted eToro a license to offer services in Europe. Its main address is at 4 Profiti Ilia Street, Germasogeia, Limassol, Cyprus.
USA and Australia also have eToro offices in their countries. eToro also registered in some authorities in those country to legally operate and offer services.
THE FOUNDERS
After knowing the addresses of eToro, let's have now the persons behind this successful platform. Based on my research, there are three persons behind eToro. They are Yoni Assia, Ronen Assia and David Ring.
Yoni Assia is the Chief Executive Officer and Founder of eToro. He has shown an interest in finance and computer science since his youth and so decided to merge his passions. “We launched commission-free stocks trading this year and we’ve seen a flurry of new and existing trading platforms following suit and axing commission,” Yoni Assia said this and attracts more people to invest. I am one of them.
Ronen Assia is the Chief Product Officer and Co-Founder of eToro. He engineers eToro towards success. He holds BA in Industrial Design from Bezalel Academy of Arts and Design, and an MA in Product Design from the Royal College of Art in London.
David Ring is a Co-Founder of eToro. He holds Bachelor of Science in Electronics from the Technion, M.Sc. in computer science from IDC, and an MBA in finance from Manchester Business School.
eToro’s VISION
eToro opens its doors for everyone. Global market now is reachable and not limited for high profile investors. Even the small earning people can do investing using eToro platform. Another best eToro feature is the CopyTrading where in a person who has not enough knowledge in investing can invest and earn profit. All you have to do is to find an excellent investor and copy their trading. You need a minimum of $500 to start copy trading. This technology helps us understand the ways on how to invest properly.
If you want to add something information about this article, feel free to drop your comments below. I will reply and let’s talk.
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