eToro Broker Review

Regulated by: CySEC, FCA

Headquarters: Cyprus

Ranking: 27

Spread: 3.0 pips (EURUSD)

Leverage: 400:1

Minimum Deposit: $50

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.


Broker Detail
Adress: KIBC, Kanika International Business Center, 7th Floor, 4 Profiti Ilia Street, Germasogeia, Limassol, Cyprus 4046
Phone: +357 2 5030234
Web:

http://www.etoro.com

E-Mail: [email protected]
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
Platforms
Supported Platforms: eToro Platform
Webtrader:
Mobile: IOS, Android
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:

eToro Review

eToro Review
  • 8.5/10
    Reliability - 8.5/10
  • 8.3/10
    Deposit & Withdrawal - 8.3/10
  • 5/10
    Bonus - 5/10
  • 7.4/10
    Customer Support - 7.4/10
  • 7.8/10
    Overall Trading Conditions - 7.8/10
7.4/10

Summary

Regulation by two strong regulators FCA and CySEC. Social trading.


I have been in trading business for almost 30 years and the latest 15 years of this period has been devoted to foreign exchange trading. After the boom of forex brokers offering lucrative features like leverage, 24/5 trading hours and wide diversity in pair instruments, I have tried and traded with more than thirty forex brokers in several different countries.

Risk Warning:

Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.