Innovative platform: eToro has distinguished itself through its social investing platform, an innovative tool that allows users to copy trades from other investors.
Internationally Established: Founded in 2007, eToro has over 20 million users in 140 countries worldwide — and the US is now on that list.
However, while eToro runs multi-asset exchanges (offering stocks, commodities and Forex trading) in other countries, so far US clients can only trade cryptocurrencies on the platform.
Social Trading: EToro's CopyTrader allows you to automatically copy and trade based on the movements of other traders. How it works: You choose an investor you want to copy, and with a click of a button you can start mirroring their positions automatically (with the option of a stop-loss level to limit potential losses).
The minimum amount to copy a user is $200 and the maximum amount is $500.000. Users can copy up to 100 traders simultaneously. Even without using CopyTrader, users can view millions of portfolios, statistics and risk scores from other traders.