eToro is a trading platform that is available in Australia. You can trade stocks, currencies, cryptocurrencies, commodities and ETFs. But is it a good option for investing and trading? We break down the pros and cons.
What is eToro
eToro is an online trading platform. You can buy and sell shares (both real shares and CFDs), forex (currency like the AUD), cryptos (like bitcoin) and commodities (such as Gold and Oil). It’s also a “copy trading platform”. This means you can copy trades made by more experienced traders. Whenever they make a trade, your account also makes a trade.
I currently use eToro to invest in a portfolio of tech companies.