And now for the good part: Russian investors can now expand their field of activity to include a pioneer in the field of social trading, eToro, which is both a platform developer and a broker. Now eToro has entered into an agreement with the largest bank in Russia, Sberbank.
This meeting was not the first, since 2014 eToro received 27 million US dollars from Sberbank and Chinese Ping, which were used to develop a platform for social trading. It is now clear that this was a smart strategic move, and that in the end, both Russian and Chinese banks are interested in helping eToro enter their countries’ markets.
The agreement was announced recently, but nevertheless, Sberbank customers can already enjoy unique access rights to eToro’s offerings, and eToro, in turn, will receive guaranteed access to the huge Russian market, as customers of other Russian banks will also be able to use the planned ones.
eToro’s partnership with Sberbank will benefit both experienced investors and newbies. After all, clients can use social networks and perform all the necessary trading operations using all assets.
This partnership is more than logical for eToro, as a full-fledged Russian version of their trading platform was launched last year, combining the latest intuitive trading tools.
