Are you interested in trading with the eToro platform but not much about it? No worries! In this eToro Australia Review, we will tell you the basic things you should know before selecting this platform. So without ado, let’s get started;

What is eToro?

eToro is a prominent broker founded in 2007 and provided Australian clients with access to a variety of marketplaces through a single account. Stocks, ETFs, cryptocurrency, and CFDs are all available for trading (forex, commodities, indices, stocks, ETFs and crypto). The focus on social trading’ sets eToro different from its competitors; they offer a social media platform that allows users to communicate with other traders and sometimes even copy popular traders’ moves automatically. It makes eToro an excellent learning platform for new investors and traders.

What kind of services does eToro provide?

Because of its numerous excellent features, eToro has gained many Australian customers. Let’s take a deeper look at some of the best features it has to offer.

When it comes to stock trading, eToro charges no commission, markup, ticketing costs, or stamp duty on shares or ETFs. This is a terrific reason to trade with eToro because it allows you to put more money into your assets.

Access stocks from the United States and 15 other worldwide markets: eToro allows you to trade stocks in 17 different international stock markets, such as the New York Stock Exchange (NYSE), the New York Stock Exchange (NASDAQ), and the London Stock Exchange (LSE). You may search for specific stocks or explore by Industry or Exchange in Traders Union, and the layout is simple to use.

• Simple to use Interface: eToro provides a user-friendly interface that is suitable for both novice and experienced traders. The main page features key market prices and charts at the top, a social media news feed below and the largest movers from the portfolio and watchlists to the right. The left-hand menu is simple: click Discover to invest money in the markets of your preference.

• Apps for iOS and Android are available: eToro has created a mobile app that lets you stay in control of your investments from anywhere and at any time. The app is simple to use, and it allows you to check your watchlist, portfolio, and news feed and identify other traders to follow. You may even use the Demo account to practice trading using $100,000 in virtual money for free. The eToro app has over 10 million installations on Google Play and is rated 4.3 stars out of 95 000 ratings.

• Demo account: Experience trading using $100,000 in free virtual money: eToro provides a great function with the Demo account that you can switch between with a single click. Extensive analysis tools allow you to watch every instrument’s real-time trends, experiment with different leverage ratios, put up Stop Loss and Take Profit options, and interact with elite traders from around the world. You receive free virtual money worth $100,000, which you can use to learn trading at your speed and with no risk.

Even though eToro is not a professional crypto broker, it tries to provide 30 among the most famous coins, which is outstanding. BTC, ETH, XRP, ADA, BNB, and DOGE are among the most popular coins available. Whatever sets eToro distinct from other crypto exchanges is how you can buy the real coin and trade crypto CFDs.