eToro came from the eToro OpenBook social investment platform. This took place in 2010 which came with the feature known as Copy-Trading.
Background of eToro
eToro was the brainchild of David King and the Tel Aviv brothers, Yoni and Ronen Assia. The company started in 2006 when it was called RetailFX. Through the eToro OpenBook, investors would be able to learn about the top traders automatically through following and copying their methods. That same year saw the release of the first Android app.
Growth of eToro
After 2006, the next 6 years would see eToro growing exponentially. Through 4 rounds of trading, eToro raised more than $30 million. A year after that, Russian and Chinese investors would inject another $27 million into eToro. Later one, it would join CoinDash to enter social trading on blockchains platform. Another $100 million would come into eToro in 2018.
eToro has a strong presence across the world. Its R & D is in Tel Aviv while it has a partnership with IC Markets in Australia. One of the reports claimed that eToro has more than 3 million active accounts by end-2013 while this would breach 8 million some 4 years later.