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How to buy
If you live in Egypt, the best way to invest in Zoom shares is, without any doubt, this popular broker.
eToro*, one of the main brokers around the world, is registered and licensed, among others, by the Australian Securities and Investments Commission (ASIC).
We recommend eToro because you can create an account for free with this broker, and its fees for trading online are very low. Besides, eToro is available in your language, accepts users from Egypt, it is really easy to manage, and its friendly interface is ideal for those who are starting to trade with cryptocurrencies and stocks.
How to sign up, step by step
The first thing you need to do is click here and fill in the fields on the right: enter your name, email, and set a password.
Then check your email: you have received an email from eToro, click on the link and your account will be verified.
Once on eToro, you just have to click on “Deposit funds”, in the page menu.
There, you can choose how much money you want to add to your account (the minimum is $ 200) and the payment method:
As you can see in the image, the first deposit can be made by credit card, PayPal, or bank transfer.
How to make your first trade
When eToro has confirmed the receipt of your credit, you just have to search for “Zoom” in the search bar, click on “Invest” and choose the amount in dollars you want to invest.
*67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.
Should I invest in Zoom?
Zoom Video Communications, the company behind Zoom video conferencing software, is an American company founded in 2011 by Eric Yuan. And although it has been embroiled in many controversies over security issues, Zoom has seen impressive growth.
Yuan's idea was to develop software that would allow people to see each other regardless of distance and without the need to travel. It was this idea that gave rise to Zoom, although it was not really something new because, at the time, several companies were already offering the service.
However, Zoom was more popular than any other, mainly due to its ease of use and the fact that it was free of charge. Thus, in the midst of the technological revolution represented by smartphones, Zoom offered its software free of charge for computers, laptops, tablets and smartphones.
Zoom's business model
As you may already know, Zoom is still free, you can download the program, install it and use it without paying anything. But then the question arises, how does Zoom make money? And the answer is very simple: with subscriptions to a “premium” version.
Zoom has been involved in several controversies regarding the security of the application since the free version does not secure the data. And although the company has publicly apologized for this, the reality is that this is where its business model lies.
Basically, if you use it for free, your video calls are not encrypted, the room is unprotected and the data does not travel directly between participants. The latter is the most controversial because part of the Zoom communications go through Chinese servers where, by law, the government has the right to record the data.
But, if you use the paid version, all problems are magically solved. Your video conferences are private, the data is encrypted and travels from one person to another directly without anyone being able to “read” it. It's that simple how they make money.
And despite this controversy, Zoom has emerged victorious as since its IPO in April 2019 this company has not stopped growing while others disappear. And we are not only referring to the financial market, but also to its growth in the number of users which in the long run means higher revenues and a better valuation of this company.
Why we advise to use eToro:
- There are lots of investment opportunities
- Leverage is allowed
- Really user-friendly and straightforward
- You are able to replicate investment strategies
- Allows you to go short
Homepage: www.etoro.com *
If you are thinking about acquiring Zoom shares from Egypt, eToro may be the best way to do it.
“Social trading”, a relatively new investment method that consists in replicating techniques and strategies from other experienced investors, has become popular thanks to eToro.
eToro has solutions for you, especially if you don't have much experience in trading, because it automatizes your investment by replicating moves from traders with a long profit history. And for those skilled investors willing to share their techniques, eToro rewards your knowledge with money.
Another advantage is how intuitive the platform is, which turns out perfect for new users that are learning all about the trading world.
Payment methods on eToro
When it comes to depositing funds on eToro, there isn't really much to say, since it is really straightforward. You just have to click “Deposit funds”, put an amount, and choose your payment method. You can pay with PayPal (available for some countries), bank transfer, credit card, Skrill, or Neteller.
Consider that for security reasons, you must be the holder of the credit card or the account.
The minimum amount required is $ 200, and there is a maximum limit for unverified accounts. So, if your intention is to deposit higher amounts, you will need to verify your account previously.
The platform allows transfers in any currency, but you will have to pay a fee for the conversion to USD. That is why we recommend, if possible, depositing in USD from the beginning.
Have you heard about “social trading”?
The first platform that conceived trading as a social activity was eToro, and the idea became successful really quick. Other brokers have also adopted this concept, but we have tried them all and eToro is way better.
But it wasn't just about creating yet another social network to talk about investment. The real achievement was in the possibility for users to replicate the moves of advanced investors, who were in turn paid for their ideas.
It is not complicated at all. When you access eToro you will find in the menu on the left the options “Copy People” and “Invest in CopyPortfolios”.
“CopyPortfolios” are kinds of ETF or thematic index funds, a portfolio that includes several assets of the same market. For example, if you anticipate that a particular sector will succeed in the near future but you are not sure which investments to make, you just have to pick a portfolio that includes a variety of related companies in that industry.
CopyPortfolio has generated a 100% profit in the last twelve months, and it is as simple as clicking on “Invest”, choose the amount, place the stop-loss and wait.
But it is also possible to copy other users of the platform who are successful investors. It is really easy: you can find them with “Copy People” and just replicate their moves.
You will see in the profile of users: the kind of assets they trade (forex, cryptocurrencies, raw materials, stocks…), their risk profile (a higher risk implies more chances of earning more or losing more money), and their trading history.
Replicating other people's investments can be very interesting and useful, but it is also a good idea to take advantage of the platform's community to read other users and learn from them. If you aim to end up living from trading, it is a good place to absorb a lot of knowledge.
You can operate cryptocurrencies in many different ways: from purchasing and holding to day trading (and benefit from price volatility).
In case you don't have much experience trading, our recommendation is a middle point: placing a dynamic stop-loss (15-20% under the highest price) when you open your Zoom trade and wait for it to work.
For example, if you buy a cryptocurrency when it is worth $ 15, it rises up to $ 25 and decreases back to $17, the stop-loss will allow your operation to be closed, perhaps at $ 21 or $ 22. Thus, you will get a pretty good income.
Perhaps you are wondering: why not selling back when the price is at its highest? But unless you are a psychic, that is just not possible. The mentioned strategy can work perfectly and give good results.
And when you have more experience, you will be ready for more advanced trading techniques, like going short or using leverage.
How does a virtual account work?
In case you are beginning as an investor, the option to operate in “demo” mode may be helpful. Setting a virtual account and trading with fictional money is very easy.
This can be a great way of practicing before starting to trade with real funds. The platform will give you an amount of $ 100.000 (“fake” or virtual, of course) to begin with, and you can trade with all the different instruments available on eToro, not only with Zoom.
If your first attempts don't go well and you go back to zero, there is always a possibility to replenish your virtual balance. The second try will probably be better.
Take into account that trading is mainly about being cautious, nevertheless, using a virtual portfolio might have the opposite effect. It will never be the same as risking your own money.
And of course, the demo mode is kind of pointless if you intend to invest in the medium or long-term (which almost assures you a profit only by replicating an index), since you would be wasting years to see the outcome. Virtual accounts may be ideal for practicing before investing in the short or medium-term.
Frequently asked questions
* Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Disclaimer: 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.