eToro App

A Top-Rated StockTrading Platform

Trading used to be very manual and difficult. Many markets are becoming more efficient thanks to technological advancements. People trust apps without hesitation. This is why we brought you the largest social investing community in the world. It makes investing easier and more enjoyable.

It allows users to easily manage their virtual portfolios in a specific context and makes the market more accessible. This week, our 'App Of The Week' eToro is the easiest-to-use trading platform, eToro.

Scroll down for more information about the stock trading app development and its ease-of-use to end-users. Also, find out how to make a stock trading app similar to eToro app.

Dev Technosys
  • Dev Technosys

    Downloads

    10M+
  • Dev Technosys

    User Ratings

    4.0
  • Dev Technosys

    Category

    Finance
  • Dev Technosys

    Headquarters

    Central Israel
Dev Technosys

What is the eToro app? Take a Glance

eToro is a social trading platform that allows users to buy, sell, and trade a variety of financial assets, including stocks, cryptocurrencies, commodities, and currencies. Since its founding in 2007, the platform has expanded to become one of the most widely used online trading platforms, with more than 20 million members registered throughout the globe.

One of eToro's distinguishing characteristics is its social component, which enables users to interact with other investors and traders, exchange knowledge and trading tactics, and even mimic the moves of successful traders. This makes it an ideal platform for beginners who are just getting started with investing, as well as experienced traders who want to stay on top of market trends and collaborate with other like-minded individuals.

In addition to its social features, eToro is also known for its user-friendly interface and robust set of tools and features, including advanced charting and analysis tools, real-time market data, and a wide range of educational resources and tutorials.

Whether you're looking at banking app development, cryptocurrencies, or other assets, eToro offers a comprehensive and intuitive platform that can help you achieve your investment goals.

Key Stats of eToro App that you Must Consider:

  • As of March 2022, there were 28.5 million registered users on eToro, a more than tenfold growth from 2012. As a result, the trading platform with its headquarters in Israel is among the biggest online trading platforms in the world.
  • eToro has been active in the US since 2009, although its biggest market is Europe. Particularly in the UK, it is the most downloaded online trading app.
  • In the first quarter of 2022, the 'financed accounts' of the Israeli online trading platform eToro reached 2.6 million.
  • The yearly income of eToro, an online trading platform with its headquarters in Israel, increased more than five times to reach 1.2 billion US dollars in 2020 after dropping by more than 100 million dollars in 2019.
  • In 2021, eToro made $1.2 billion in sales, an increase of 103% from the previous year.
  • eToro had 20 million active users in June 2021.

Screenshots of Trading App like eToro

Want to know what the eToro app looks like? Here are the snapshots specifying the features, functionalities, and design of the eToro app.

Dev Technosys

Planning to Develop a Stock Trading App like eToro?

Connect with us!

Essential Features a eToro App

eToro has astonishing attributes that make trading easier for users. With its intuitive user interface and powerful features, public trading apps like eToro have become a popular tool for personal and professional use. Here are some of the key features of the eToro app.

Dev Technosys
User-friendly interface

User-friendly interface

The eToro app has a simple and intuitive interface that makes it easy for users to navigate and find the information they need.

Asset variety

Asset variety

Users of the eToro app may invest in a variety of assets, like equities, ETFs, cryptocurrencies, commodities, and so more. This variety enables users to diversify their portfolios and minimize risks.

Social trading

Social trading

Social trading, a special feature of the eToro app, lets users mimic the transactions of other successful users of the exchange. This feature enables users to learn from experienced traders and potentially make better investment decisions.

Watchlist

Watchlist

The eToro app has a watchlist feature that allows users to keep track of their favorite assets and monitor their performance over time. This feature is beneficial for customers who like to keep an eye on certain assets without necessarily investing in them.

Newsfeed

Newsfeed

The eToro app has a newsfeed feature that provides users with real-time updates on market trends, events, and news that may affect their investments. This feature is helpful for users who want to stay informed and up-to-date on market developments.

Charts and graphs

Charts and graphs

The eToro app provides users with access to interactive charts and graphs that help them visualize asset performance over time. This feature is helpful for users who want to analyze trends and make informed investment decisions.

Demo account

Demo account

Users of the eToro app can open a demo account to practice trading without putting their own money at risk. This feature is helpful for users who are new to trading and want to gain experience before investing real money.

Deposit and withdrawal

Deposit and withdrawal

The eToro app allows users to deposit and withdraw funds directly from their mobile devices. The app’s payment gateway integration is helpful for users who want to manage their investments on-the-go.

Security

Security

To secure users' financial and personal data, the eToro app employs cutting-edge security features. This feature is vital for users who want to assure the safety of their investments.

Customer support

Customer support

The eToro app provides users with access to customer support via live chat, phone, and email. This feature is helpful for users who have questions or concerns about their investments or the platform itself.

Dev Technosys

Want to Know the Cost to launch an eToro App?

Get in Touch with Us

How Does This Public Trading App Work?

To start using eToro, users first need to create an account and verify their identity. Once the account is set up, users can fund it with a variety of payment methods, including credit card, bank transfer, and e-wallets app like paypal.

One of the key features of eToro is the ability to copy other traders' trades. Users can browse a list of popular traders on the platform and see their historical performance, risk level, and other metrics.

They can then choose to copy one or more of these traders, allocating a portion of their funds to automatically mirror the trades made by the copied traders.

To assist traders in making wise judgements, eToro also provides a variety of tools and information. These include real-time market data and news, technical analysis tools, and social sentiment indicators that show how other traders on the platform are feeling about a particular asset. In addition to copying other traders, eToro users can also trade on their own.

The platform supports a range of assets. Users can open long or short positions on these assets, meaning they can profit from both rising and falling prices. Another aspect of eToro is the option to apply leverage, which enables users to build greater positions than they could with their existing cash.

However, it's vital that leverage also increases the risk of losses, so it should be used with caution. Finally, eToro provides users with a variety of instructional tools to aid in their learning about trading and investing.

These include webinars, eCourses, and a social trading blog that covers a wide range of topics related to trading and investing.

Cost to build public trading app like eToro

There are various factors that affect the stock trading app development cost of eToro app. Additionally, some technological modernization also affects the overall cost. So, if you are interested in knowing the cost of eToro, then you must first have a glance at the below crucial factors that influence the cost of the app.

  • Tech Stack
  • Application complexity
  • Location of the development team
  • Platform type
  • Features and functionalities
  • UI/UX design
  • Types of business model
  • App maintenance and updates

Based on the above factors, the estimated cost for a simple online trading platform like eToro will be anywhere between $25000-$38000. However, if you want a more complex app with some advanced attributes in it, the cost will increase to $50000. It can even go beyond the given cost.

How to Develop An App Like eToro?

Building an app like eToro can be a complex task that requires expertise in programming and software development. However, here are key steps that you can follow to develop a crypto trading app that may assist in transforming your idea into reality.

Identify your target audience

Before you start developing your app, you need to identify who your target audience is. eToro primarily targets retail investors who want to invest in the stock market or cryptocurrencies, but it also attracts traders and professional investors. Think about who your app will appeal to and what features they would need.

Plan your features

Once you have identified your target audience, you can start planning the features of your app. Some of the features you may want to include in your app include a trading platform, social trading, educational resources, real-time market data, and portfolio tracking.

Choose your technology stack

The technology stack you choose will depend on the features you want to include in your app. For example, if you want to include real-time market data, you'll need to use an API that provides that data. You may also want to use a cloud-based platform to ensure scalability and reliability.

Develop a user-friendly interface

One of the major steps that will determine the app success is the user interface. Your app should be easy to use and navigate, with intuitive controls and clear visual cues. Make sure you test your app with real customers to make sure that it is intuitive and user-friendly.

Integrate social trading features

eToro's social trading feature is one of the reasons why it has become so popular. By allowing users to copy the trades of successful traders, eToro has made it easier for inexperienced investors to invest in the stock market. Hire dedicated developers who can integrate similar social trading features into your app.

Monetization Strategy

In this step, it is crucial to finalize the monetization strategies for your apps like amazon to understand and have an understanding of the revenue model that will work with business models. There are three revenue models of eCommerce app development: subscription, freemium and in-app advertisement. You can choose these models depending on your business requirements and create the perfect shopping app for your E-Commerce business.

Ensure security and compliance

Trading and investing platforms are subject to strict regulations, and you will need to ensure that your app complies with these regulations. Also, you will require to assure that your app is secure and that user data is protected.

Test and launch your app

Once you have developed your app, you will need to test it fully to make sure that it performs as intended. You may also want to conduct beta testing with a group of real users to gather feedback. You may publish your app to app stores if you're done with it.

Monitor and improve

The work doesn't stop once your app is launched. You will need to monitor user feedback and app performance and make improvements as needed. Regular updates and bug fixes will be necessary to ensure that your app remains competitive in a crowded market.

What are the Best Alternatives to Apps Like eToro?

If you're looking for alternatives to eToro, there are several options available. Here are some of the amazing alternatives:

Now that you have a list of some amazing apps like amazon, you can Create An E-commerce Store and Generate Sales in a few months with the help of the best mobile app development company.

Dev Technosys

eToro App Available On

eToro App - Get amazing stock trading expertise on your iOS, Android ,or any device.
  • Dev Technosys
  • Dev Technosys

eToro is a well-regarded trading platform that has become more well-liked among traders worldwide. It's crucial to remember that trading always has dangers, thus before making any financial decisions, people should always do their own research and consult professionals.

Thus, if you want to develop a crypto payment gateway app like eToro, then you have reached the appropriate place. At Dev Technosys, we have Qualified developers who can facilitate you with outstanding android app development services. Bringing your project demands to us to explore how we can turn them into possibilities for profit.

Our Sneak Peak into the Tech-World!

Get Exciting Updates About Latest Technologies, Development Tips, & Trending Solutions Via Our Blogs

View all blogs
How To Develop an App Like BBC News?

How To Develop an App Like BBC News?

Like any other online gaming, NFT games are gaining huge popularity. The top NFT games play-to-earn have already won the hearts of game lovers,...

Learn more Dev Technosys
Features and cost to Make Real Estate App Like Redfin

Features and cost to Make Real Estate App Like Redfin

In this dynamic landscape, Redfin has emerged as a trailblazer, revolutionizing the industry with its cutting-edge app. Are you a computer enthusiast or ambitious entrepreneur...

Learn moreDev Technosys
Features and Cost To Develop a Job Portal Apps Like Indeed

Features and Cost To Develop a Job Portal Apps Like Indeed

In today’s competitive job market, online platforms have become invaluable tools for job seekers and employers. Indeed, stands tall among the prominent names...

Learn more Dev Technosys

Harness the Power of Technologies to Drive Business Growth in No Time!

Hire dedicated developers & shape your business journey with our top-rated website & mobile app development services.

CTA
Honour

Awards & Recognition

Locations

Our Offices

Dev Technosys

United States of America

Dev Technosys LLC
5668 e 61st street ste 2000 #360 commerce, california 90040, USA

+1 415-992-5493
Dev Technosys

United Kingdom

60 st martins lane, covent garden wc2n 4js, London

+44 20 8638 7669
Dev Technosys

United Arab Emirates

DIP 1 - C.E.O Building - Office 613
Dubai, 500001

+1 415-992-5493