eToro is undergoing a siege and is gaining 13 million new customers this year

In the first four months of 13, 2020 million new brokerage accounts opened aggressively advertising around the world broker eToro. The number of Poles who have not invested in the stock market so far is rising soon and now they are buying shares discounted during the coronavirus pandemic.

In March alone in Poland almost 29 new people opened brokerage accounts and data major brokers show that this is a global trend. When we hear in the mainstream media that now the economy is shrinking dramatically, because everyone is putting money away for better times, the numbers say that even if it's true, they don't hide cash in the sock, and count on profits after investing in discounted shares.

eToro - 13 million new users

The results of one of the largest players on the brokerage market - the company eToro - can make you dizzy. The broker has just announced that in the first four months of 2020, 13 million new accounts were opened through it. Even considering the fact that customers from all over the world trade there, it is still an excellent result, because it is better than last year by as much as 427%.

Yoni Assia, CEO of eToro

Growth has been accelerating since May 2019, when eToro introduced the opportunity to invest for people from Great Britain and other European countries. Now the company plans to expand to Asia and American markets.

“Since the beginning of 2020, we have seen a large increase in the volume of transactions on eToro, both among new and existing users. We founded eToro with the mission to open up global financial markets so that everyone can invest in a simple and transparent way. 13 million is a fantastic milestone, but we need to do more so that everyone feels they have the knowledge and confidence to invest and increase their wealth " - says Yoni Assia, CEO and co-founder of eToro.

The company, existing since 2007, employs 850 people today and operates in 100 countries. The website is available in 21 languages, including Polish. It is worth almost USD 1 billion.

The broker responds very quickly to the needs of clients. Recently, interest in oil has soared. Effect? eToro created own portfolio based on the oil sector, thanks to which clients without too much investment knowledge can easily enter the market by diversifying their positions.

76% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you can afford the high risk of losing your money.

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The bull market is also with Polish brokers

In Poland, of course, there is nothing to count on such a spectacular result, but our brokers are also recording significant increases. We wrote in April about gigantic profit growth one of the leading companies on the Polish market: X-Trade Brokers, but other brokers, who also open new brokerage accounts, have good results.

In March alone, when stock indexes were bleeding, 28,8 thousand were founded in Poland new brokerage accountsh. And this at a time when the peaks of indices have lost 40%. Earlier, the trend was quite the opposite. Individual investors appeared extremely often when company valuations were very high and the media wrote about a continuous bull market.

Polish individual investors buy shares

We have already 1,29 million brokerage accounts due to recent registrations in Poland. 11,2 thousand of them were opened in March at mBank, which already has over 300 active brokerage accounts. There is no other Polish broker. In total, every third new account was opened in mBank in March.

ING Bank Śląski did well, with 9,7 thousand registered. new users. As a result, he increased the number of bills by 10%, which is the best result in Poland.

“On the one hand, there is a pandemic and all its sad consequences, which, by the way, were reflected in the stock market. On the other hand, individual investors became active precisely at the time of the greatest volatility. I think it was related to looking for opportunities for a future reflection. When it comes to new clients, aware people came to us. In over 70 percent. transfers were sent to newly opened accounts within a few days and the vast majority of this money was quickly invested " - emphasizes Marcin Słomianowski, director of the ING Bank Śląski brokerage house.