eToro is one of the most famous Forex Brokers in the world and there are a lot of rumors around eToro, some people said, it’s the greatest trading platform ever and other’s said, it’ good but be aware. Anyway, eToro have proven it’s the global market place with more than 4.5 million traders / users.
eToro started in 2010 and in this year the social trading became the new era of online trading by launching the OpenBook Social Investment Platform.
The idea centered around, the traders can copy the successful trading strategies of traders / peers and make profitable sessions and make real money.
Through eToro you can trade CFD stocks, commodities, indices and currencies online, just with your PC / Laptop and smart phones. eToro said that, they reach +5 million users in more than 170 countries worldwide and each new day, there are +1000 new accounts created.
that was a quick review about eToro and now let’s start the full review.
eToro Basic informations:
Min. Deposit: $50.
Languages: English, Chinese, Deutsch, Spanish, Francais, Italiano, Russian, Arabic.
Platforms: eToro Mobile Trader , etoro Openbook , eToro webTrader.
Funding methods: Credit card, PayPal, Neteller, Moneybooker, bank wire, money gram.
Regulation: ASiC , CFTC , MiFID , NFA , FCA , CySEC.
eToro Trading Platform
That is eToro’s all-in-one portfolio management platform. It has numerous options including the ones that enable you to trade and manage your manual and “CopyTrader” portfolios.
CopyTrader is an enormous feature of eToro. It enables eToro’s clients to start to see the improvement of other investors and copy effective trading strategies with the click of a switch. Like all eToro systems, the WebTrader platform runs on the sleek and simple user interface to show live rates, extensive charts, open orders and positions. It allows investors to easily edit Stop Losses and Take Profit orders, or to manage their Copy Trading activity.
WebTrader is synchronised together with your OpenBook activity, which makes it the ideal spot to manage and analyse your trading portfolio. Appropriate for both Mac and Personal Computer based devices.
This is the primary social trading platform at eToro.
This slick and intuitive system allows you to connect to the global eToro network in real-period and presents a variety of information. It really is offered in the familiar social media format and eToro encourages investors to interact so that it provides discussion wall space, personal messages and different feeds.
The system also enables you to follow investors to get the latest improvements on the activity and the CopyTrader tool enables you to then duplicate effective trades with the click of a key. This transparency on effective investors and their strategies will appeal to traders with little / no experience.
It also benefits more experienced investors as having their trades copied elevates investors to “Popular Investor” position and earns them extra cash rewards.
Additionally it is a fun option to a far more traditional isolated trading encounter. Appropriate for both Mac and Personal Computer devices.
eToro Mobile Trader App
eToro provide free applications compatible with all Android and IOS mobile devices. These are available at Google Play and the Apple App store as relevant.
The applications are a fully functional, yet scaled-down edition of eToro OpenBook. App users can look at the latest discussions, news and watch market pages.
They are able to also manage their trading portfolios by accessing live prices, charts and viewing open up and close positions or actually editing stops plus much more. These truly allow investors an excellent way of staying linked with the eToro trading network.
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eToro Account Types:
|Minimum account size:||$50||$1,000||$5,000|
|Minimum position size:||0.1 lot||0.1 lot||0.1 lot|
|Spread on EUR/USD, pips:||3||3||1.3|
|Trading platforms:||eToro Platform
eToro Mobile Trader
eToro Mobile Trader
eToro Mobile Trader
|Digits after dot:||4||4||4|
|Number of currency pairs:||16||16||16|
|Special notes:||You must continue to trade a minimum of 150 lots quarterly to hold a Silver Account.||
You must continue to trade a minimum of 600 lots quarterly to hold a Gold Account.
A 10% bonus on your first deposit each month (up to $2,000)
eToro Deposit And Withdrawal
All brokers arround the world, set important condition, which is, Verify Your Account. To verify your account first, you will need to send photo copy of ID / passport and / or anythings else, the eToro team may asked it from you.
Please make this step first to can withdrawal your money without any delay.
All methods required 50$ minimum deposit but wire transfer require 500$.
The maximum deposits are:
5,000$ for: Credit/Debit card, PayPal and Skrill.
10,000$ for: Neteller.
50,000$ for: Webmoney.
No limit for: Wire Transfer.
The minimum withdrawal amount is 20$ for: PayPal and Skrill.
The fees are collected by the bank who make the transfer and sometimes, your bank maybe collect fees also. The fees usually be between 5$ up to 50$.
eToro Customer Support
eToro became big company and all big companies offer section called Help. This section have almost all your Questions and them Answers. So, you will need to check this section first to find answers about your issuess, problems and trading.
They also offer emails and phone numbers to contact them but from our experience with them, we suggest to check help section first because if your question have answer in help section, they maybe not answer your email or have delay in response.
eToro have some CONS and here they are:
Few data on traders’ performance
Inability to advanced money and portfolio management
Large presence of non-professional traders
Spreads and rollover fees higher than average
At the end, eToro is certainly one of the best options for those seeking greater interaction with other currency traders who are interested in studying how others invest.
Social trading platform provides a good testing ground for beginners and professional level allows trading for experienced investors. Experienced traders who looking for tiny spreads may not like the minimum of two pip at eToro.
It is not only easy to use platform and get used to it, but also implements several unique features that all add a new dimension of excitement and have fun to trading in general.
With competition, eToro doubly rewarding customers with more success you not only make a profit with their own, but can also win the competition and win important prizes offered by the company.
As a member of the NFA, eToroUSA is regulated by the CFTC and customers can be confident they have the highest authorities on their side when it comes to explaining security.
Competitions, a platform for fun and humorous approach to life and put all eToro operations outside its competitors. For those who want to ride the bull and the bear dominate the currency market, eToro is the perfect choice. Visit official eToro website, click here.
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