eToro is a social networking site mainly for investor. This site allow user to learn others use strategy and learn their investing policy and user can copy them.
History- This site was launched on 2007 by brothers Yoni Assia and Ronen Assia together with David Ring. This site target was to make it easy to everyone who want to invest and make money , so they create this platform ,which was a download only product, incorporating graphic trading visualizations which conceptualized the trading process as a race between currencies or a currency tug of war.Now this site updated their product offering system which is mainly a web based trading platform “WebTrader” and a professional trading application, “Expert Mode” .eToro’s main research and development office is located in Tel Aviv, Israel and additional eToro offices exist in the UK, Cyprus, and Australia.
Between 2007 and 2013 the company raised $31.5 million in four rounds of funding to help it expand the business.In 2010 eToro launched the eToro OpenBook social investment platform, along with its “Copy-Trading” feature. The eToro OpenBook enables investors to view, follow and copy the network’s top traders automatically.
Operations- This site has 2500 employees and it has 1.5 million user. After 2013 this user become double, now its more than 3 million user. Each user automatically has all their trades presented in their eToro OpenBook profile where other users can then view their trading statistics. Users can then set their accounts to copy any investor on the network, in which case the eToro system will duplicate each trade made by the copied investor in the copier’s account. eToro’s selection of investment instruments includes currencies, commodities, indices, stocks, and Bitcoin.
Etoro Review – Social-Network Forex Trading on Etoro.com –
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