The Philippines has one of the worst stock markets in Southeast Asia. It has been struggling for sometimes, despite the rapid growth in its neighboring countries. But it might soon be following the other Southeast Asian countries as it has eToro on the move now.
The London-based social trading platform is focusing on the Philippines market now. It is offering a fresh, friendly, and easy way of doing online trade. Though online trading is relatively new in the country, the company believes that its’ platform will attract many Philippines with its various options.
Founded in 2007, eToro has grown impossibly big for an online trading platform. It now serves on more than 140 countries worldwide with over 10 million users. And it offers more than 1,300 stocks, 83 exchange-trade funds, 30 CopyPortfolios, 6 Commodities, 47 currencies 13 indices and 14 cryptocurrencies.
The company admits that it is targeting the market more using the cryptocurrencies. According to eToro’s data, more than 80% of the platform’s new users from Southeast Asia start by investing on cryptocurrencies. And then they move on to the other financial products.
Why eToro is the answer for the Philippines
eToro might just be the perfect platform for the still growing Philippines market. It has features that are perfect for those who are taking the first step in the online trading.
First of all, it is not just an online trading platform. It is a social trading platform. By social it means that it connects traders on its platform, allowing them to seek for advice, help and review to each other.
For those who don’t even have any idea where to start, it offers CopyTrading. The feature allows users to just follow the path of the top investors in the platform. When a user enter the platform, it will automatically publish his or her profile, trading activity and history.
Last year, the platform has cryptocurrencies on its platform. And it made it a less complicated thing. Instead of having to open a crypto wallet while fussing over the many exchanges, eToro help users to buy Bitcoin as easy as buying an Apple share.
