eToro

eToro

  • Worlds Leading Social Trading Platform
  • Revolutionary CopyTrader™ Technology
  • Personal Service and VIP Perks
  • Automated Trading Advantage
  • Over 6,000,000 Registered Traders
$200 Bonus
Visit Now

Details

Broker eToro
Website URL https://www.etoro.com/
Founded 2007
Headquarters USA
Support Number +448663500881
Support Types Chat , E-mail
Languages English
Minimum 1st Deposit $50
Minimum Account Size $200
Minimum Trade Amount $10
Maximum Trade Amount $1000
Bonus $200 Bonus
Payout $15.000
Free Demo Account Yes
Regulated Yes
Regulation CYSEC , FCA
Number of Assets 90
US Traders Allowed Yes
Overall Score 90/100

Pros

  • Worlds Leading Social Trading Platform
  • Revolutionary CopyTrader™ Technology
  • Personal Service and VIP Perks
  • Automated Trading Advantage
  • Over 6,000,000 Registered Traders

Cons

  • High Spreads
  • Non-Customizable Platform
  • Forex Pairs Limited
  • Fees on Withdrawals

Broker Overview


eToro has users in over 170 countries. It is one of the first global market platforms for trading online indices, currencies, commodities, and CFD stocks. eToro’s platform has been designed in a straightforward and simple way, all to make the trading experience more enjoyable. Thanks to its innovative technology, there are thousands of new traders signing up daily to eToro.

When eToro was established, it was designed to make trading available to anyone who has a web browser. The aim was to make online trading both accessible and enjoyable. The platform is intuitive and user-friendly, and it’s constantly evolving. “One-click trade” was implemented, and there is an emphasis placed on giving clients free educational tools, to help make them better traders.

Every client can open a position to “buy” or “sell” and can use “stop-loss” and “take profit” orders, which stop a transaction automatically when a particular target is reached. The “trailing stop-loss” innovation carries the order over for a successful deal, and it keeps the loss margin fixed if the deal turns to the negative once reaching a profit.

Social Trading on eToro

eToro introduced, in 2010, its first-ever social trading platform. Since then it has evolved to become an integral part of the platform. eToro enables traders from all over the world to interact, learn from each other, copy each other, and to see each other’s portfolios.

Tradeable Assets

Commodities, stocks, ETFs, currencies, Indices, CopyFunds

Features

  • Regulation; CySEC, FCA
  • Minimum Deposit: €50
  • Maximum Leverage: 1:400
  • Commissions/Spreads: Spreads
  • Free demo accounts available
  • Free Islamic accounts available
  • Deposit options: Credit/debit card, wire transfer, Giropay (Sofortüberweisung), China Union Pay, Neteller, Skrill Limited UK, PayPal, WebMoney, Wirecard, CashU, and Yandex
  • Instruments traded: Stocks, Commodities, ETFs, indices, CopyFunds, and currencies
  • Customer support: 24/5 in 8 languages
  • Languages: English, Arabic, Chinese, French, Italian, Spanish, German, Russian

Account Types

eToro offers two different types of trading accounts, standard trading account, and Islamic trading account.

Standard Trading Account

Opening a trading account is easy. The minimum initial deposit is just €50.

Islamic Account

This account is for Muslim traders who want to trade the forex market. The minimum initial deposit is €1,000. There is no interest imposed on overnight positions, and also no commissions are payable.

Demo Account

There is a demo account who wants to try out eToro’s trading platform first. The demo account is obligation free. This account allows you to try out all the features on eToro without risking any real money. Instead, you’ll be trading with €10,000 virtual cash that comes with the demo account.

Platforms

Since eToro debuted their OpenBook social trading platform; it has gone on to improve the functionality of their platforms. eToro now has provided their traders with three ways that they can trade the market – through eToro WebTrader, eToro OpenBook, and eToro Mobile Trader.

eToro OpenBook

The eToro OpenBook is regarded as the most popular forex social trading platform in the world. It lets you follow the progress of other traders and lets you interact with them in real time and places the power of networking directly into your hands. Also, with the integrated “CopyTrader” feature, you can copy the trades of more successful traders in real time.

eToro WebTrader

eToro WebTrader is a web-based powered trading platform. It provides yours with all the tool you will need to analyze your trades and lets you synchronize with OpenBook to copy other’s trades.

eToro Mobile Trader

Thanks to eToro Mobile Trader apps, now traders can access the power of social trading with their mobile devices and smartphones.
Now, as well as forex, traders can also trade a selection of stocks and commodities with eToro’s trading platforms.

Bonus

eToro provides great bonuses and additional funds to their clients. There are monthly special offers, premium benefits packages, and referral programs, all which are good sources of extra funds for trading.

Deposit Options

Credit Card, Debit Card, Wire Transfer, Paypal, Moneybookers, Webmoney, Moneygram, Western Union, Neteller

Withdrawal Methods

Withdrawals at eToro can only be made once you have verified your account. Once you have verified your account, you can withdraw by using the same method you used to deposit money into your trading account. The minimum withdrawal amount is €20. There is also a small fee that is payable when you make a withdrawal. The fee depends on the amount to be withdrawn and ranges from €5 to €25. The processing time for any withdrawal request is up to 5 business days.

Customer Support

eToro provides a professional customer support through both live chat and phone, which is available 24/5. There are also toll-free numbers for people who reside in UK, Cyprus, and New Zealand. All queries can get sent through email as well. eToro has some offices all over the world.

Languages

English, German, French, Spanish, Russian, Italian, Turkish, Chinese, Arabic, Japanese, Portuguese, Polish, Greek, Swedish, Dutch, and Finnish

Address

eToro (Europe) Ltd.
KIBC
Kanika International Business Center
7th Floor
4 Profiti Ilia Street
Germasogeia, Limassol, Cyprus 4046

Ease of Use

With eToro it is easy to start trading, because they accept almost any type of deposit, from credit cards to Bitcoin. Also, eToro provides an user-friendly intuitive help center that is easy to navigate. The customer service is free of charge and it straightforward to use.

The eToro platform is very accommodating to new users, giving them €100,000 in virtual money, that can be used for experimenting with before trading with their own money. eToro adheres to the strict regulations of CySec and the FCA, working to secure all of its clients’ information, to ensure customer satisfaction and confidence.

eToro is user-focused, and its business model is based on the success of its clients and does what it can in helping them gain from trading on the eToro platform. Their fees are very competitive, its CopyFunds™ utilize crowd-wisdom for long-term investments, and its Popular Investor program rewards successful traders with generous perks and cash.

Why Trade at eToro

eToro was developed with simplicity in mind. Their trading platforms are flexible and allow for straightforward access to financial markets, whether at home or away, for every level of experience.

Visit Broker

Leave a Comment

Copyright © 2018. All Rights Reserved. Top Ten Bitcoin Brokers