FinTech company eToro allows you to trade stocks, cryptocurrencies, commodities, and more. With eToro's CopyTrader feature, users can mimic other traders.
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Two brothers, David Ring and Yoni Assia (CEO) founded eToro in 2007 in Limassol, Cyprus.
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eToro now ranks among the largest online brokers, having 25 million active registered users on its platform.
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eToro makes money from various options they applied on their platform... Here are a few major Opportunities that you must know.
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eToro makes money by applying spreads to every trade. The spread is the difference between Ask and Bid prices.
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No1. Spread
EToro also charges overnight and weekend fees (also known as swap rates or rollover costs).
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No 2. Overnight & Weekend Fees
eToro applies currency conversion charges, whenever they add or withdraw money rather than USD.
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No 3. Currency Conversions Fees
Withdrawal fees are applied when a user withdraws money from a trading account to their bank account.
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No 4. Withdrawal Fee
eToro charges $10 per month for inactivity after 12 months. These charges are deducted from inactive users from their balance.
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No 5. Inactivity Fee
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