Regulated by: CySEC, FCA
Headquarters: Cyprus
Ranking: 20
eToro Review & Author's Comment
Social Trading… Have you ever heard of it? Okay, listen. Say after years of trading, researching and training, there is still a considerable distance between you and the successful trader that you have been envying to. You are still losing or just treading the water after all those years.
Now imagine that there is an online platform that gives you the chance to monitor professional forex traders and follow the trades of any of them at your will. Sounds good, right? This would be eToro. eToro is one of the pioneers of social trading and one of the few that you would trust to deposit your hard earned money. It is regulated by CySEC and FCA. You can go ahead, open an account with eToro and try social trading to see if it feels the right way of investing in forex for you.
eToro Review
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Reliability - 8.5/108.5/10
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Deposit & Withdrawal - 8.3/108.3/10
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Bonus - 5/105/10
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Customer Support - 7.4/107.4/10
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Overall Trading Conditions - 7.8/107.8/10
Summary
Regulation by two strong regulators FCA and CySEC. Social trading.
| Broker Detail | |
|---|---|
| Adress: | KIBC, Kanika International Business Center, 7th Floor, 4 Profiti Ilia Street, Germasogeia, Limassol, Cyprus 4046 |
| Phone: | +357 2 5030234 |
| Web: | |
| E-Mail: | support@etoro.com |
| Regulator: | CySEC (license # 109/10), FCA (Reference Number 583263) |
| Year Founded: | 2007 |
| Instruments | |
|---|---|
| Forex: | |
| Precious Metals: | |
| Energy: | |
| Soft Commodities: | |
| Indices: | |
| CFDs: | |
| Stocks: | |
| ETFs: | |
| Bonds: | |
| Options: | |
| Cryptocurrencies: | Bitcoin, Litecoin, Ethereum |
| Account Options | |
|---|---|
| ECN Account: | |
| Swap-Free Account: | |
| Nano Account: | |
| MAM / PAMM Account: | |
| Demo Account: | |
| Funding Methods: | Wire Transfer, Debit Card, Neteller, PayPal, Skrill, WebMoney, Yandex, Giropay |
| Withdrawal Methods: | Wire Transfer, Debit Card, Neteller, PayPal, Skrill, WebMoney, Yandex, Giropay |
| Customer Services | |
|---|---|
| Live Chat: | |
| 24 Hours Support: | |
| Languages: | Arabic, Chinese, Dutch, English, Finnish, French, German, Greek, Italian, Japanese, Polish, Russian, Spanish, Swedish, Turkish |
| Trading | |
|---|---|
| Leverage: | 400:1 |
| Spreads: | 3.0 for EURUSD |
| Minimum Deposit: | $50 |
| Fixed Spreads: | |
| Automated Trading: | |
| Hedging: | |
| API Trading: | |
| Negative Balance Protection: | |
| Accepts Clients from the US: |
| Platforms | |
|---|---|
| Supported Platforms: | eToro Platform |
| Webtrader: | |
| Mobile: | IOS, Android |
I highly suggest to get to know the company first before trusting them fully. I went through the usual problems the clients face with eToro in https://www.complaintline.com/etoro. You’ll be surprised on what you can find.
You can use the “Copy Trader” to automatically copy the trades of the traders that you are following.
it is very weird system, if you know how to use it, you can make lots of money. my friends got very good money here. i’ll try it.
very goood artickle by the way. hi from Kenya!
I am a forex trader since 2012 and tried few other social trading platforms. eToro may not be the best for spreads but I have been trading with etoro happily for last 2 years. Openbook feature is epic.