|Key people||Jonathan Assia, CEO and co-founder|
eToro was founded in 2007 in Tel-Aviv, by brothers Yoni Assia and Ronen Assia together with David Ring. eToro's founders wanted to make the world of financial investment accessible to everyone through the company's initial financial trading 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. Later the company expanded its product offering by launching a professional trading application, "Expert Mode", and a web based trading platform "WebTrader".
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. In 2011, Etoro launches it's first Android apps for investor to buy and sell stock via mobile itself.
In 2013, eToro introduced the capability to invest in stock CFDs, with an initial offering of 110 stock products. That same year, eToro was authorized to offer its services in the UK by the FCA regulatory authority, under the subsidiary eToro UK. In January 2014, eToro added Bitcoin CFDs to its investment instruments.
Three months later, in April 2014, eToro added 130 British and German stocks composing the FTSE 100 Index and the DAX30 indices to the company's stock selection. In October 2014, eToro announced the addition of the Russian Ruble and Chinese Yuan to their line of currency instruments.
In its public statements the company has reported that by 2010 it had 1.5 million registered customers. By the end of 2013 it reportedly had over 3 million accounts. eToro is regulated by the CySec authority in Europe, and authorized by the FCA in the UK.
eToro's social trading services are based on a live stream of trading data that is uploaded to the eToro OpenBook platform for everyone to see.
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 provides support via Chat and Phone in various languages and USD/EUR/GBP currency deposits are accepted, Islamic terms accounts are also offered
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