eToro is an Israel-based brokerage company that deals with various financial investments. Back in 2013, the company introduced an option to trade stock CFDs.
A CFD (Contract For Difference) is a trading method used between a buyer and a seller. This type of method allows speculations – the general rule of CFD is that the seller will pay the buyer an amount that will be the difference between the current price of the object and the price that it will be at during the establishment of the agreement (contract).
With almost 5 million investors worldwide, eToro has managed to establish and solidify itself as a reputable brokerage company for quite some time now. It was founded back in 2006 by three guys, of which two were brothers. Between its inception and the current date, the company managed to raise more than $160 million from investors from all around the world.
One of the main Kickstarter for the company’s business growth is considered to be their decision to add a trade copying feature on their platform.
This feature is very popular because it eliminates the need to do extensive amounts of research and to consistently watch the market’s movements – you would simply choose a popular and established investor that you liked and then just pick the option to completely copy a trade that they make.