eToro: Top Social Trading Platform
eToro is the most important Social Trading platform: It allows investors to research other users' investment strategies. When saying investment strategies, we are not only referring to general parameters but practically all trader's investment history, orders, traded financial assets, and track records (Earnings or historical losses). With all this available info, eToro then allows users to "Copy" other users' portfolios and, in turn, will enable one to be copied by other users (as long as the profile is set up as public). It means that you may attract traders to invest in your trading strategies, which in turn generates money in the form of commissions.
eToro's Jeppe Kirk Bonde
Although he is based in Dubai, Jeppe is the Danish most copied Popular Investor on eToro.com. His track record has a whopping 25% average annual return on investments since 2013 and over 20,000 copiers with over $50 million in Assets Under Management.
Jeppe's strategy consists in managing the total portfolio risk through diversification and hedging. He generally avoids leverage, short positions, and high-fee instruments.
He is a Strategy Consulting, advising some of the world's largest banks and tech companies. Find out more about Jeppe here.
Danish Financial Assets offered by eToro
Forex: eToro offers the USDDKK and EURDKK pairs.
Stocks eToro offers commission-free trading on Danish shares listed at the Nasdaq Copenhagen Exchange like Danske Bank, Novo Nordisk and Vestas, to name 3 of the most traded ones.
Other Forex & CFD instruments offered by eToro
Forex: +47 currency pairs – Majors, minors, and exotics.
Stocks: eToro offers +1,800 CFDs on Stocks from 12 major Stock Exchanges, among which there are the New York Stock Exchange, Nasdaq, London Stock Exchange and Xetra, four of the most popular Stock Exchanges among investors.
ETFs: CFDs on 145 ETFs from iShares, Vanguard, PIMCO, Invesco, Market Vectors, Horizons, among other asset managers.
Commodities: CFDs on 13 commodities.
Indices: 13 major stock exchange indices.
Cryptocurrencies: CFDs on 17 cryptocurrencies.
Thematic Portfolios: eToro offers CFDs on 19 Trading ideas [Portfolios] like Food And Drink, eSports, 5G among others.
Social Trading: As mentioned before, eToro offers the possibility of acquiring portfolios developed by other traders using the platform via its 'CopyPortfolio' feature.
Is eToro a trustworthy broker?
eToro is regulated in the UK, US, Cyprus and Australia:
eToro (UK) Ltd. is regulated by the Financial Conduct Authority (FCA),
eToro (Europe) Ltd. is regulated by the Cyprus Securities and Exchange Commission (CySEC) and retains a cross-border license from the CySEC to offer its services in member states of the European Economic Area, and outside of it.
Member of the NFA (National Futures Association).
eToro USA is operated by eToro USA LLC, registered with FinCEN as a Money Services Business.
eToro Australia Pty Ltd is regulated by the Australian Securities & Investments Commission (ASIC).
UK's FCA can be deemed the strictest regulator globally, implying that eToro is a very reliable Broker since it has to comply with robust regulations of its operation and customer care. Being a citizen of the EU, your account would fall under the Cypriot licence.
eToro's CopyTrader Platform
Since eToro's Social Trading platform was launched in 2010, the Broker has incorporated many improvements to its platform, including the possibility of choosing the leverage level of each trade, the opportunity that any average Joe may receive commissions when copied by other investors [By becoming a 'Popular Investor']. eToro's Trading platform also allows 'copying' thematic portfolios in the "CopyPortfolios" section. Among some of the thematic portfolios available, some invest in Cryptocurrencies, Medicinal Cannabis, Travel Industry, BioTech, Internet, Drones, among many others.
eToro's Partnership with FC Midtjylland
eToro is an official sponsor of FC Midtjylland. Dylan Holman, Global Sponsorship, Senior Manager at eToro commented:
"As a leading investment platform with over fourteen million users, we believe sponsorships are a powerful tool that help build and reinforce eToro as a world-class brand. We will be working with clubs to make the financial markets more accessible than ever, using our partnerships to help bring fans closer to the action and educating them on investing."
eToro's trading platform is simple to use and has an excellent user experience.
Opening a Trading Account with eToro from Denmark
Opening a Forex and CFD trading account with eToro from Denmark is a process that takes only a few minutes and requires a valid ID (Passport or Kørekort) and proof of address (electricity, water bills, etc.), which are scanned through the platform.
Should everything be approved by eToro, the account would be operational in less than a day. You may deposit and withdraw money through:
International Bank Transfer
eWallets like PayPal, Skrill, Neteller, WebMoney, UnionPay
Opening a Demo Account is free, so you may try the Demo, test it, and then decide whether you will deposit funds or not.
eToro's Minimum Deposit in Denmark
We have saved some good news for the last paragraph: Opening an account with Real funds requires USD 50 only (Or the equivalent in Krone). In January 2021, eToro has seen an unprecedented demand for its services from new users. To manage demand and ensure the existing community of 17M registered users can continue to access eToro’s services uninterrupted, the minimum deposit for new users was temporarily increased to USD 1000. However, it was changed to USD 50 in September 2021 (Applicable to Danish residents).
Good luck, and we hope you make money with this popular Trading Platform.
Disclaimer: eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro
Trading with eToro from Denmark [0% Commission on Stocks]
eToro is an online broker offering one of the top trading platforms available in Denmark. Founded in 2007, the company's EU branch operates with a Cypriot licence.
Find out what you have to know about this popular trading platform.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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.