Israel-based eToro has secured $6.3 million in Series B financing from BRM Group, Cubit Investments and other unnamed investors. eToro offers an online financial trading platform that helps less experienced traders to easily conduct foreign exchange trades via a simple user interface. eToro’s interface provides six different “trading arenas” for traders ranging from beginners to experienced traders.
No matter if the economy is booming or crashing, traders thrive in volatile markets and eToro is enjoying the effects. Since September the company has doubled its staff, adding several thousand new users a month. Most recently, eToro added long term Commodities Trading.
According to CEO and Co-Founder Jonathon Assia:
“Our vision of becoming the online destination and trading platform for everyday people has taken a quantum leap forward with our new platform. With more long term investors turning to forex as financial markets around the world continue to struggle, eToro has developed the platform with tools and parameters for the more conservative forex investor on the go.”