One of the benefits of the cryptocurrency market is that it provides equally good opportunities for long-term investments and short-term trading. Although, we have struggled to find a platform that supports both equally – crypto platforms are usually either great for investments or trading. Naturally, this is an inconvenience that can get quite annoying at times.
However, a while ago we found out that eToro had re-launched their investment platform and were more than excited about this. Now, a few weeks later, we have put the broker through rigorous tests and we are convinced that this is the number one tool for everyone that wants to trade and invest using the same platform.
eToro – A Legendary Online Broker and Crypto Platform
eToro is – as many of you probably already know – a legendary online broker and a pioneer among cryptocurrency brokers in the UK. Founded in 2007, this broker has more than 15 years of experience offering CFD and forex trading and has been trailblazing copy trading features for many years.
For the last couple of years, eToro has focused a lot on offering cryptocurrencies as CFDs, but recently they also launched an investment platform. And today both products are incredible compared to competitors.
Also, one of the benefits of using eToro instead of a regular cryptocurrency exchange is that eToro is regulated and licensed by the CySEC and FCA, to mention a few. Hence, this broker is much safer to use than most exchange.
Trade Crypto as CFDs
As mentioned, eToro was founded as a CFD and forex broker and still to this day, that remains their main service. With the broker, you can trade a wide array of cryptos as CFDs, meaning you only speculate on the price movements rather than buy the assets. This allows for quicker and more varied trading opportunities.
All tools and features offered by this broker were designed in-house and are therefore unique to the broker.
Stalk and Invest in Cryptos
With the launch of an investment platform, eToro took its cryptocurrency efforts to another level. Today you can buy and stalk cryptocurrencies through the platform as long-term investments, meaning that eToro nowadays functions like a combination between an online broker and an exchange.
The benefit to this is that you as a trader can make use of the best of two worlds.
Make Use of the Copy Features
We also mentioned that eToro has trailblazer the copy trading movement for years, and this is really the reason why we consider eToro to be the best platform for investments and trading.
Copy trading and copy investing is exactly what it sounds like. Instead of you analyzing markets and instruments to plan your execution, eToro allows you to copy other more successful investors. And by doing this, you avoid having to spend too much time on all the pre-work and get hit the ground running.
Naturally, this is also a great feature for beginners that can start implementing professional strategies from day one.
So if you feel like the cryptocurrency market is overwhelming or you don’t have the time to actively trade and invest. Just copy someone else and reap the benefits of their hard work.
Don’t Forget the Other Markets
Lastly, eToro is not only a platform for cryptocurrency but also a platform for most other popular financial instruments as seen below.
Similar to cryptocurrencies, you can use eToro to both trade and invest in stocks, which provides great opportunities to diversify your portfolio.
For years, forex was eToro’s bread and butter and it’s still a major part of this broker’s offerings. With a varied selection of major, minor and exotic currency pairs, you’ll never run out of potentially profitable forex trades.
eToro also provides access to a range of commodities such as precious metals (gold, silver, etc.) as well as energies (gas, crude oil, etc.).
Our point is that eToro is not only the perfect platform for cryptocurrencies but an amazing platform for trading and investing in most financial markets.