ETORO
eToro is a multi-asset platform, which is the strength of eToro. You can trade stocks, ETF's, commodities, forex and cryptos all in the same place. It is also possible to trade with leverage on eToro but i suggest you to be very careful with that unless you know what you are doing.
eToro makes their profit by the so-called spread fees, which means that once you buy an asset you pay a tiny bit more than it really cost, and once you sell an asset, you sell it a tiny bit cheaper than it really is. I will go through it all in the following guide to eToro.
If you want to start doing some investing you will need to make a profile at eToro. It takes approximately 5 minutes, however you must be ready to provide some personal information in order to varify your account due to financial service regulations. So before we go even further in this guide, go to eToro and join their platform by clicking on the join now button. You can go to eToro here.*
*67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Once you have made your new eToro account, you will need to deposit some funds, so you can start investing. You just do it by clicking on "Deposit Funds" in the menu to the left. You can deposit funds through different options, such as credit card, Paypal etc and they are available right away.
If you already know what you want to buy you just start writing the name of the stock, forex, crypto etc. in the search bar. In the example we search for Apple. Once you have found it you just click on it.
If you do not already know what you want to invest in, you can you can go to Trade Markets in the menu to the left
Once you are there you can see that the different assets are categorized. As you can see in the picture, there are a Technology section, which has categorized technology stocks (as you can see the buy and sell price are different, which is due to the spread fee), under it there are a ETF categorization. There will also be categories with Forex, Cryptos etc.
Whether you choose an asset through the search bar, or if you choose one through the Trade Market, you will come to the page of that asset. Once you have gone to the page and you have chosen to buy that asset. You just have to click "Trade" in the top right corner.
Once you have clicked on the "Trade" you come to following page. There are some things you need to do in order to open the trade. First you have to make sure that you are buying and not selling the asset. It has to look as the following picture, meaning that the "BUY" button has to be darker than the sell button (If you click SELL it means that you are selling the asset, if you sell the asset you make money if the asset lose value, while you lose money if the asset gain value. I will not recommend you to short sell unless you have some experience). Afterwards you have to decide on how much you want to invest in this trade, as you can see in my example, I have chosen to buy Apple stocks for $500. Once you have chosen the amount it is very important that you choose x1 leverage and x1 again, which means that you are just investing the $500. Do not use leverage unless you are an experiences trader.
Once all of this is done, you just have to click on OPEN TRADE in the blue button and you are now the owner of $500 worth of Apple.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.