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Wesley Nolte is a South African-born, London-based trader, who deals in cryptocurrencies, among other asset classes. He states that the high level of security offered by eToro is the main reason he trades on global investment platform eToro rather than any others.
“What eToro does really well is ensuring they are secure,” suggests Mr Nolte, who goes by the name ‘Wesl3y’ on eToro, and enjoyed a 67 per cent return in 2017, and yielded 148 per cent the year before.
He is one one of the so-called Popular Investors (PIs) and his trades are copied by a number of other traders, who have made use of eToro’s unique and innovative CopyTrader tool. This facility, which is straightforward to use – eToro clients can view and copy anyone with a profile – is ideal for those who lack time or experience in the markets.
Watch Wesley Nolte’s video testimonial now
Mr Nolte continues: “My favourite features on eToro are the dashboards you can have about your own performance. The platform is open, therefore it is a place people can share information. User experience is really important and eToro has a really good desktop app and mobile app, so literally any computer that you are on you can log in and browse.”
Jay Edward Smith, another PI, who yielded a 340 per cent return last year and goes by the name ‘jaynemesis’ on eToro, says that sense of community is unique. “I think eToro is a very different experience to using any other trading platform,” he states.
“Most platforms are quite solitary – you don’t really interact with very many people – whereas eToro really focuses on making sure people can communicate with each other and see what each other are doing and check each other’s profiles.”
Watch Jay Edward Smith’s video testimonial now
He adds: “A lot of my friends are the kind of people who work in a warehouse and have no idea how markets work. That doesn’t matter on eToro, because you can just find someone else who does.”
Pros and cons of trading on eToro
– Straightforward, user-friendly, trustworthy and experienced platform
– Instant execution of trades, thereby locking in a price
– Ability to use CopyTrader and other innovative tools
– Only nine cryptocurrencies offered by the platform, currently
– Users are unable to withdraw the cryptocurrencies directly
– Users’ cryptocurrencies are held by eToro
Call to action: Join eToro’s Global Community Now (?)
All trading involves risk. Only risk capital you’re prepared to lose. Past performance is not an indication of future results.