About eToro Electronic Trading Platforms
When they were first invented, e-trading platforms were associated with stock exchanges and ensured that brokers could place their orders remotely. To achieve privacy, dumb networks and private dedicated networks were employed. However, these early systems did not always provide live streaming prices. They did not also give the clients the privilege to immediately confirm their orders, a system known as the request for a quote-based system.
Presently, trading systems stream prices live and offer almost instant execution of orders. It also uses the internet as the underlying network, making the location an irrelevant factor. Some platforms allow for scripting tools and APIs, which would enable traders to create automatic or algorithmic trading systems.
One could say that an electronic trading platform or an online trading platform is a computer program that allows you to place orders for financial products over a network with a financial intermediary. The trading platform can trade different financial products over a communication network or directly between the trading platform members. You may check out Amon-Avis for reviews on these e-trading platforms.
The products that can be traded on a trading platform include stocks, commodities, bonds, currencies, derivatives, etc. And, the intermediaries include brokers, market makers, stock exchanges, investment banks, et cetera. Contrary to the traditional trading system mode that uses an open outcry and telephone-based trading, these platforms allow trading from any location electronically.
E-trading platforms stream live market prices and provide other trading tools, like charting packages, news feeds, account management functions, et cetera. Some of these platforms are designed to ensure that users gain access to markets that specialist trading firms could only access. Also, they could be designed to trade specific strategies automatically using technical analysis or high-frequency trading as a basis.
eToro as a trading platform
Israeli social trading and multi-asset brokerage company, eToro, provides financial and copy trading services to clients. Its value with branches in over 4 countries as of 2018 was a stipulated $800 million.
In 2010, they released the eToro OpenBook social investment platform that allows users to view, follow, and copy top traders. They have also developed, in partnership with CoinDash, Blockchain-based social trading. With its highly regulated block-chain technology, eToro ensures that traders get the best of their stocks and currency trading.
You can buy and invest in stocks and CFDs, including those composing the FTSE 100 Index and the DAX30 indices, with eToro. In 2017, eToro launched a CopyPortfolio feature that enables investors to copy investment portfolios from the top traders. They also launched a cryptocurrency wallet for Android and iOS the following year.
It is possible to wonder if eToro is legit or not, as there are many scams out there. However, eToro is no scam. The Cyprus Securities and Exchange Commission regulates it in Europe. In the UK, it is regulated by the Financial Conduct Authority.
Some benefits of using the platform include, but is not limited to;
- Investors can leverage the store’s broker license to access their investments directly. This, of course, requires a charged fee.
- Their system of operation is called a No Dealing Desk. This implies that they do not change the price between clients and the market. When an order is in place, eToro will transfer and process the trade without changing the cost from their end, though prices fluctuate due to the market structure changes.
- Traders can interact with each other socially on the store’s platform and even replicate the trading of others they find attractive.
The platform is simple to use, with unique trading options.eToro has proved reliable and trustworthy, and you might want to consider engaging their platform.