The rapid emergence of zero-commission stock trading apps saw a new group of investors take the stock market by storm. Even though some apps have shied away from incorporating extra tools to assist users, eToro has developed its app from the bottom up to reach credible and experienced investors.
eToro was able to progressively succeed in their project through investing their time and resources in social investment platforms. This allowed users to follow and copy the high-performing investors available on the network, with the process helping young traders master how to manage their stock efficiently.
In 2007, two brothers, Ronen and Yoni, formed eToro. There on, the company incorporated hundreds of stocks from Germany, the UK, and the US. However, the app would make its first appearance online in 2010 through the emergence of social networks.
2014 was a critical year for eToro as it incorporated Bitcoin trading into its already available investment instruments. In 2017, they emerged with an advanced trading platform that focused on Blockchain technology. And after the success of Robinhood in 2019, eToro decided to reduce the commissions to zero finally.
Like most Fintech businesses, eToro has witnessed the rapid increase of its valuations and usage in its previous two years. This has seen a rise of their active users by 7 million and valuation by tenfold since the beginning of the pandemic.
Even though eToro has dominated Europe with its massive user base, it has plans to vent into the US using its cryptocurrency exchange and zero-commission stock trading. Read on to know more about eToro.
Etoro Key Statistics
- In 2020, eToro managed to generate $605 million, which is a 146% increase yearly.
- Similarly, the trading volume also increased by 400%
- eToro obtained 20 million vital users in 2022
- eToro has placed a $10.4 IPO valuation which is an increase of 316% of the 2020 quotation
Etoro Overview
| Launch date | 16 January 2007 |
| HQ | Tel Aviv-Yafo, Israel |
| People | Yoni Assia (CEO), Ronen Assia (executive director), Shalom Berkovitz (CFO) |
| Business type | Private |
| Owner | Stock trading and cryptocurrency exchange |
eToro Revenue
| Year | Revenue |
| 2016 | $60 million |
| 2017 | $263 million |
| 2018 | $369 million |
| 2019 | $245 million |
| 2020 | $605 million |
eToro Trading Volume
| Year | Trading volume |
| 2019 | $300 billion |
| 2020 | $1.5 trillion |
eToro Active Accounts
| Year | Active accounts |
| 2019 | 1.1 million |
| 2020 | 2 million |
eToro Registered Users
| Year | Users |
| 2016 | 5.6 million |
| 2017 | 8.1 million |
| 2018 | 10 million |
| 2019 | 12 million |
| 2020 | 17 million |
| 2022 | 20 million |
eToro Valuation
| Year | Valuation |
| 2018 | $0.8 million |
| 2020 | $2.5 billion |
| 2022 | $10 billion |
eToro FAQ
1. What Is The Average Age Of An Etoro User?
The standard age of all eToro users is 34 years.
2. What Are The Regional Demographics Of Etoro?
eToro’s demographic stands at 69% Europe users, 18% Asia-pacific users, and American users at 8%.
3. What Is The Job Demographics Of Etoro Users?
11% of eToro users invest and trade full time, 10% major in IT/computer services, while 7% prefer marketing or sales.
4. What Are The Most Popular Stocks Traded On Etoro?
eToro’s most popular trade stock is Bitcoin, as it accounts for each in every 25 positions opened. Meanwhile, Apple, Microsoft, and Tesla are the most used stocks, whereas the most traded index is NASDAQ 100. However, oil is the most preferred commodity.
5. How Many Countries Is Etoro In?
eToro is only accessible to 140 countries across the world
