eToro Broker

Overview

eToro Trading Accounts

Rank
7.44/10
Based on 9 Reviews
Position in Rating
25
Since 06 August, 2015
Vote

eToro has started its trading activity in 2006. Now it is well-known brokerage firm which has more that 5 million traders in 140 countries. Headquartered in Limassol, London and Tel Aviv. The company's current CEO is Jonathan Assia. His brother David Assia is Chairman of eToro USA LLC. This broker will be the best variant beginners in Forex trading. There are a lot of new traders that have poor knowledge and do not have understanding for to earn. But eToro provides a wide range of services which is available for each eToro client. They are different types of analysis, calendars of important financial events. As well as charts, indicators and more. The main aim of eToro is to make Forex trading easy and convenient for its clients.

Safety:

All online trading software of eToro belongs to the US Tradonomi LLC company. This company has the registration of CFTC and it is also a member of the NFA. This implies that eToro undertakes to comply regulatory requirements and rules on capital. That aimed to the honest and transparent trading environment. Also eToro does its business through the Secure Socket Layer (SSL) to encrypt data. According to the official Privacy Policy company have no right to share closed information. Client data on credit history, client personal information, net worth and ect.

Account Types:

eToro offers 4 types of live trading accounts. Each type of account supports all available trading platforms. The first one is Bronze. The maximal leverage is 400:1, minimal deposit is $50. Fixed spread on EURUSD is 3 pips. Clients may also use scalping strategy. Also there is available 16 fx instruments, trade in one click, web and mobile terminal. Then it goes Silver, Gold and VIP accounts. The main difference is in initial deposit: $1 000 for Silver, $5 000 is for Gold and $20 000 for VIP. Each VIP client has his own personal manager. If you are beginner trader or would like to practice, then you may try Demo account. It also supports all eToro's platforms.

eToro social investment network:

the eToro's philosophy. The company always encourage each trader who takes part in social trades. Clients get an exclusive WYSIWYG interface. They may set configuration and begin to buy or sell. And extra trading features in which the platform engages customers. Whether you are trading by yourself or just browsing to see which currencies to trade. People leave positive reviews and appreciate eToro which is providing such service. Earlier the trading was usually boring and dry. But now the company makes it both fun and social engaging. A variety of mobile apps and online platform. Like trading tools for massive online company's community. It is already more than 3 million of clients use eToro service around the world.

Account Deposits:

eToro accepts depositing via next payment systems: Skrill, Neteller, PayPal, SOFORT, MoneyGram, Webmoney ect. As well as credit cards like Visa / MasterCard and bank wire transfer. The minimal deposit depends on your funding channel. It can be either $500 or $200. If the client is going to withdraw his funds so he have to fill and submit online form. The company offers a wide tutorial on account deposits and withdrawals.

Trading Platform:

eToro trading platform is still the most unique and innovative trading platform on market. Retail traders now are able to test their experience in this Forex trading program. eToro is positioning itself like the best choice for for both novices and experts alike. The broker implemented an opportunity to build up "follower" friendship. Copying the adherents trading results, adding financial significance to their deals. Each user of eToro may set trading settings and conditions by his hands. Put up likelihoods and probabilities of the currency on Forex charts. You may see all the tools on the platform interface. It shows which way the majority will head. Then you have to choose which way you trade, fix the trade. It is using for one minute trade. And then you are able to see the result of your trading. Besides, you may have not only one order at th same time.

The broker offers to its clients not only mobile apps. But also stocks trading. eToro believes that mobile trading will make your trade much more easier and quicker. eTrader gives you an opportunity trade anywhere. You don’t need to be at PC to make your trading. This mobile app is available for variety of OS - iOS, Androind, Windows ect. Developers of the company are talking about special technology of this app. It can prevent your device from hibernating when you are trading. In that case if you are going to make a split second decision. The main difference of eToro platform from other social trading platform has advanced functional. Which has the option to trade Stock Market.

Beginner Support:

eToro demo account is not the only way to get some trading practice. The company provides a lot of guides, tutorials and trading community gatherings. There traders are able to share their experiences and discuss the lessons learnt before. The broker has high-qualified and professional support. Trader of any level and experience is able to ask questions and seek help from the helpful support team. eToro emphasizes that they targets the retail segment of currency trading. So their service is for all clients.

Conclusion:

eToro is not usual broker and is not usual trading platform. The kit of eToro instruments and tools wrought global changes in retail FX industry. This company made trading easy, light-hearted and fun. Small initial deposits, low leverage options and another advantages. Each new trader will have an interesting experience with this broker. eToro's platform is enough easy in usage. It also has different features which useful and convenient in trade. The broker also held a variety contests and competitions. You may get a profit not only from your own account but also get sizable prizes. eToro doubles rewards its most successful clients.

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Detailed Information

Min. Position Size, lot:
0.1
Min. Account Size, $:
50
Max. Leverage
1:400
Spread:
1.3
Payment Options:
WebMoney, Neteller, Skrill (Moneybookers), Bank Wire Transfer, Visa \ MasterCard
Regulation:
ASIC, CySec, NFA
US Traders:
Demo Platforms:
Own platform
Account Currency:

USD, EUR, GBP, AUD, CAD, CHF, DKK, JPY, NZD, PLN, SGD, CCK, HKD, HUF, MXN, NOK, SEK, TRY, ZAR, HRK, XAU, XAG, RUB

Website Languages:
English, Spanish, Russian, German, Portuguese, French, Japanese, Chinese
Support Languages:
English, Spanish, Russian, German, Portuguese, French, Japanese, Chinese
Support Methods:
Callback, Phone, Email, Live chat
Trading Server Timezone:
GMT
VPS for Traders:
Not Available
Bronze
Silver
Gold
VIP
Min. Position Size, lot:
0.1
Min. Account Size, $:
50
Maximum leverage, 1:
400
Spread Type:
Fixed
Typical spread on EUR/USD, pips:
3.0
Min. spread on EUR/USD, pips:
3.0
Trading Instruments:
Forex — 1:400
CFD — 1:50
Oil — 1:50
Trading Platforms:
Own platform
Digits after the decimal point in quotes:
4
Additional Features:
  • Swap Free
  • VIP
  • Telephone dealing
  • Scalping
  • Expert advisors
Min. Position Size, lot:
0.1
Min. Account Size, $:
1000
Maximum leverage, 1:
400
Spread Type:
Fixed
Typical spread on EUR/USD, pips:
3.0
Min. spread on EUR/USD, pips:
3.0
Trading Instruments:
Forex — 1:400
CFD — 1:50
Oil — 1:50
Trading Platforms:
Own platform
Digits after the decimal point in quotes:
4
Additional Features:
  • Swap Free
  • VIP
  • Telephone dealing
  • Scalping
  • Expert advisors
Min. Position Size, lot:
0.1
Min. Account Size, $:
5000
Maximum leverage, 1:
400
Spread Type:
Fixed
Typical spread on EUR/USD, pips:
1.3
Min. spread on EUR/USD, pips:
1.3
Trading Instruments:
Forex — 1:400
CFD — 1:50
Oil — 1:50
Trading Platforms:
Own platform
Digits after the decimal point in quotes:
4
Additional Features:
  • Swap Free
  • VIP
  • Telephone dealing
  • Scalping
  • Expert advisors
Min. Position Size, lot:
0.1
Min. Account Size, $:
20000
Maximum leverage, 1:
400
Spread Type:
Fixed
Typical spread on EUR/USD, pips:
1.3
Min. spread on EUR/USD, pips:
1.3
Trading Instruments:
Forex — 1:400
CFD — 1:50
Oil — 1:50
Trading Platforms:
Own platform
Digits after the decimal point in quotes:
4
Additional Features:
  • Swap Free
  • VIP
  • Telephone dealing
  • Scalping
  • Expert advisors

eToro Reviews

avatar
19 September, 2016

Gustavo from Colombia

8

Yesterday received the first withdrawal, request was processed for 6 days, already started to worry. Part of the money left in the account, it's only to check whether or not to work with this broker, will there any problems with the withdrawal of money or not. And the attitude to clients is good, no matter how much money is deposited. Definitely recommended to try!

avatar
05 June, 2016

Sergio from United States of America

9

I trade with a half-year-focus, the medium-term trader. Previously traded with different brokerages, changed about 4 of them. Attracted here by usual conditions, for example, no-deposit different bonuses and promotion, large variety of trading instruments. In focus I stumbled by chance here in the ranking. Bonuses are good. Deposits/withdraws are at finest. Conditions are suitable for me.

avatar
04 June, 2016

Bronislav from Croatia

10

I have been trading with etoro for a long time. I can trade profitable using their platform with social network and cooperate with the best trader. It very helps me in my business. No doubts my broker offers me the latest trading analysis which I can use for middle-term deals. That’s why I still with them.

avatar
06 March, 2016

Topoti from Bangladesh

9

For 5 years of trading with this broker had only one unpleasant accident. Last year, during the gap did not close one order. GBP/JPY. Price reached TP, but didn't close. As it turns out this has happened to many. Since that accident, such "problems" weren't appeared. I contacted to their support. Eventually, problem was solved. It's good, when broker admits it's mistakes and willing to solve them.

avatar
22 October, 2015

Krzysztof Piotr Gawronski from Afghanistan

7

Very nice and reliable broker. I had some small issues with withdrawals but nothing worth mentioning. Sometimes I had some slips on news or there were 1-2 sec delays in execution, but that does not bother me at all, because my stategy involves mostly prefer more longterm orders.

avatar
26 September, 2015

osmali abdelmalek from Algeria

7

Trading with that broker is the most comfortable for me. As a scalper I really enjoy tight spreads that broker provides and some nice profit as a result. Some things could be improved, but my overall impression in it is very nice.

avatar
22 September, 2015

kabin konstantin from Russian Federation

5

I have worked with many forex brokers, but only a few can compete with this one in tightness of their spreads. And what can be more important, than that. No-risk small profit orders, which by the end of the month accumulate in quite a large sum. All thx to these guys.

avatar
15 July, 2015

Jay from Norway

7

This company is on my personal leader list. The orders are processed quite quickly. The spread is always tight

avatar
17 June, 2015

Mark from Egypt

5

What can I tell about this company? Normal spreads, not very wide, not very tight - normal. Fast execution with demo accounts and almost same speed of real. No problems with withdrawals (your account should be verified, as always). Spreads can become wider at the news time (as always). So - usual broker.

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