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eToro Closes $6.3 Million Round of Financing
LONDON, April 1 /PRNewswire/ --
- Company to Support Platform Extension and Product Development
eToro, the fastest growing online financial trading platform, today
announced it closed a $6.3 million round of financing with significant
investments made by several private equity and VC investors including BRM
Group and Cubit Investments.
The online financial trading company which began as a unique and
innovative online forex trading (http://www.etoro.com) platform has achieved
all of its original investor goals leading to the successful second round of
financing. With an average of 2,000 new accounts opened every month, eToro is
growing its staff at a time when most companies are reducing headcount.
"eToro has achieved phenomenal success in the past 18 months which led to
this latest round of financing by sticking to our original mission which has
always been to bring online financial trading back to the people, empowering
users through interesting graphical representations of their trades,
education and the free flow of information between our expert and novice
users," stated Jonathon Assia, CEO and co-founder of eToro.
eToro's trading platform uses a unique and creative approach to online
forex and commodities trading that incorporates all of the essential tools,
coupled with a highly visual, simple and interactive user interface. A
"Game-Changer", eToro's platform educates users from their first foreign
currency trade until they reach the level of an expert. Unlike other online
financial trading platforms that feature a traditional one-view filled with
confusing charts and tables, the eToro trading platform features six
different "trading arenas" ranging from highly visual beginner to expert
arenas.
The company also announced their addition of commodities trading to their
users as well as significant additions to their trading methods which will
enable traders to conduct more long-term, lower leveraged trades in both the
forex and commodities markets.
"This latest round of funding will allow our company to hire additional
staff to keep up with the growing demand for our services as well as to
extend our current platform into the commodities and stock indexes markets
over the next two years," said Assia. "eToro is more than a platform, it's an
approach that brings online investing to the layperson at a time when many
are skeptical of financial institutions they relied upon in the past to
manage their money."
About eToro
With several thousand new user accounts added every month, eToro is the
fastest growing platform for online forex trading. eToro uses a unique and
creative approach to online investing that incorporates all of the essential
tools for forex and other financial markets trading coupled with a highly
visual, simple and interactive user interface that actually educates its
users from their first foreign currency trade until they reach the level of
an expert. Unlike nearly every other online forex trading platform that
feature a traditional one-view filled with confusing charts and tables, the
eToro forex trading platform features six different "trading arenas" ranging
from highly visual beginner to expert arenas.
The eToro platform is currently available in eight languages including:
English, Spanish, French, Italian, German, Chinese, Japanese, Arabic and
Russian.
Contact:
Ron Brightman
Phone: +357-25-025060
email: Marketing@etoro.com






