There are several positive aspects to eToro, including that it’s a relatively new platform, meaning that there isn’t much information online yet. This can make it a good choice for more recent traders who want to start quickly.
eToro also has a wide range of financial products and services, meaning that it’s likely to have something relevant to your investing goals.
However, some of the more significant advantages of eToro are the various products (in particular the Plus and Gold lines of products) and that it’s possible to trade cryptocurrency. Being able to deal with crypto-assets is one key reason why traders prefer to use an exchange rather than a broker.
Frequency of trading – eToro regularly adds to its range of financial products. While this isn’t always true, it does mean that you won’t be left out in the cold without a suitable product.
Low fees and commissions – prices may not be why you sign up at first, but they are likely a number one feature for some traders. eToro has low fees and commissions, so this is a good point for them to consider.
Suitable cryptocurrency trading – You can trade crypto assets on eToro, which means that it has an extra benefit that isn’t available at every online broker or exchange. Read more information here
Trading with cryptocurrencies allows you to browse the market much more quickly than many other platforms. This means that it will likely result in a higher level of potential profits ongoing than those who use a regular stock exchange service such as Schwab or Robinhood.
Suppose your goal is to make money on your investments rather than manage them. In that case, eToro may suit you better since there is an element of crypto-trading available here, too, giving you greater flexibility in how you invest your money.
The ability to trade crypto will also ensure that you’ll have a broader range of trading options from which you can choose. This is important as it likely means that the returns on your investments are higher than those made on other sites.
Additionally, if you’re looking for an exchange, eToro is one of the more user-friendly options. The site has clear and easy-to-understand trading capabilities, and the layout of its trading area is simple and easy to access all through the UI.