One important feature that every major broker should offer is a good trading app. The broker eToro has a great mobile app which can be downloaded onto iPhone and Android devices.
eToro has created this app with the aim of users being able to easily connect with each other. By connecting, financial news and trading knowledge can be shared.
In this post we want to show you the main things to know about the eToro app and how it works.
Let’s get started!
Why the eToro App?
A trading app allows you the chance to discover online trading from wherever you are. This is great if you want to keep an eye on your trades without having to be sat in front of a computer.
The fact that eToro also offers a very good and intuitive mobile app means that it’s easy to use as well.
The flexibility that comes with a mobile app is what attracts a lot of traders to use eToro. You can trade from any place at anytime.
eToro App Features
There are over 1000 various assets available which can be traded as CFD’s. These CFD assets include: Forex, Commodities, Stocks, Indices, ETF’s and Cryptocurrencies.
The free eToro demo account is also available to use on the mobile app version.
However the broker is famous for their CopyTrader and Social Trading features, which can all be accessed on the app. For instance, eToro’s CopyTrader feature lets you automatically copy the trades of other members.
It’s unique tools like this which have led to eToro becoming known as the leading social broker and for offering unique tools.
Social trading is a great way to learn from other professional traders. This is ideal especially if you’re fairly new to online trading and wish to learn from others. If this is something that could benefit your situation then eToro may be a good broker option for you.
eToro App CopyTrading
The eToro app allows you to use all the same features you can find on the online platform version. This includes access to the CopyTrader tool where you can copy the trades of other eToro traders.
To get started with the tool you just need to make sure that you’re logged in to the app. From there you
On the trading app you can search for professional traders and when you see a profile you like, you can see that user’s recent profits and risk score.
If you wish to copy that user’s trades simply click on the ‘Copy Trader‘ button on their profile. Your account will then automatically copy any trades that the selected trader makes. It’s worth mentioning that you can stop copying someone anytime you wish.
You remain in full control of the trade
How to use the eToro App
The app is available to download both for smartphones and tablets. If you have an iPhone or an iPad go to the Apple Store to download the eToro app. If you own an Android device then you download from the Google Play Store.
To keep the app fast and efficient, the broker introduced updates for both iOS and Android to help keep the app lighter.
Once the app is loaded onto your device, you need to log in with your normal account details. If you are new to eToro and don’t have an existing account, then you can also sign up to create one. By signing up you will have access to both a real trading account and the free demo account.
We would always recommend trying out the demo account first if you are new to the broker. This is a good way to test everything and to see if the broker suits you.
Anything Different on the App?
One benefit of using the app is that you can keep up to date with real time prices. This is because you can receive on-time notifications about prices and market events. You can also view your full trading history on the app and scan live trading prices.
This a great feature if you are interested in short-term or day trading and you need to keep alert of what is happening in the market.
The app has all the same features that you would find on the online platform. The only differences are the layout and lack of customization available on the app. However, we found the app layout to be well-organized and easy to navigate.
It is different to the online layout with the menus shrunk to fit, but you can easily open and close trades the normal way. The mobile app will also let any changes be easily synced between the platform formats. So any changes will be saved and synced automatically.
Is eToro App a Secure choice?
Yes, eToro is a fully regulated broker. They hold regulation licences from CySEC and the FCA, plus licences from a few others. You can be reassured that are can be trusted to trade with and read about it here.
Here you can find all the information about the eToro USA: https://tradingonlineguide.com/etoro-usa/
Disclaimer: eToro is a multi-asset platform which offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75 % 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.
Cryptocurrencies are a highly volatile unregulated investment product. No EU investor protection.
Past performance does not guarantee future results. Trading history presented is less than 5 years and may not suffice as basis for investment decision.