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9.9/10 rating
$200 Minimum Deposit
400:1 Max Leverage
Create Account

Pros

  • No.1 social trading network
  • Access 47 currency pairs
  • CopyTrader, CopyFund and CryptoFund
  • Innovative trading features
  • Exclusive Bonus and premium benefit promotions
  • Plenty of coaching, guidance and tool availale, free of charge Straightforward and trouble-free application of trading platform
  • Exclusive services for new joiners and customise to your needs
  • Plenty of coaching, guidance and tool availale, free of charge

Cons

  • Trading platform cannot be personalised
  • Small charges on withdrawals
Type of Broker CFD, Forex
Free Demo Account
Trading Platform cTrader
Number of Assets 100+
Asset Classes Commodities, Currencies, Indices, Stocks
Welcome Bonus
Minimum Deposit $200
Minimum Trade Size $0.01
US Clients

eToro Review: The Popular Forex Trading Option

eToro was the first in the global trading market place to introduce of eToro OpenBook social investment platform and Copy-Trading feature in 2010, which made trading both simple and fun for its users. It is now operating in more than 170 countries with over 6 million registered traders, and thousands daily sign-ups,making the world’s largest social investment network.

Trading has never been so easy with eToro as they combined both WebTrader and OpenBook trading platforms, allow you to have access to all of their services across all of the devices. You are literally just one click away to start your trade. Moreover, with their innovative CopyTrade feature, you can start trading automatically by copying the whole portfolio from top traders using the same technique. To help newbies trade like pro in no time, eToro provides unlimited training, courses and materials, all you need is practice. They are all free.

Hedging risk is also a very important aspect of trading, eToro provides advanced risk management strategies such as guaranteed stop losses, trail stop loss and limited orders.


Features – What Will You love?

The new eToro trading platform allows clients to connect with each other in order to trade, learn, invest and share knowledge through this network. 

- The best traders are listed with all their details on the landing page. 

- The CopyTrader program helps traders to follow the lead of the experts on the eToro trading network without any hassles. 

- The Copy Trading portfolio helps all traders to manage their copied trades efficiently.

- The Personal Investment Program allows clients to monetize their investment portfolio so they can earn a monthly income along with profits.

eToro offers you a wide range of choices when it comes to trading. eToro also introduced the Bitcoin for trading purposes and has listed it as a stock rather than a currency. You can trade Bitcoin on a CFD basis - conduct transactions in financial derivatives. Plus, you can also track the BTC price any time.

Asset Classes

CFDs, Forex, Spread betting

Account Types

Standard trading account, islamic trading account and demo account

Standard Trading Account

Easy process in opening a standard trading account. Once your account is open simply find top traders and copy their trades. 

Islamic Account

As eToro offers Islamic accounts for Musilim individuals which allows to trade without interest on overnight positions. This type of account also has no commission fees. The minimum deposit for a islamic account is $1000. 

Demo Account

If you are not sure about how to start trading, there is demo account available for you to practice with $10,000 virtual money under real financial market conditions. This type of account has no fees and is obligation free.  

Languages

English, Chinese, German, Spanish, French, Italian, Russian, Arabic, Polish, Finnish and Norwegian

Deposit & Withdrawal

In order to accomdate clients from all over the world, there are many ways to deposit funds apart from standard credit card, debit card, wire transfer. There are also paypal, union pay, Diner’s Club credit and debit card, Yandex, Neteller, Skrill, and webmoney. Deposits range from $50-$1,000 depend on geographical despersion. 

If you would like to withdraw funds, a withdrawal form must be filled out. You will contacted by eToro team via email on withdrawal process. For first time withdrawal, as part of compliance and fraud prevention purposes, you must provide a coloured copy of your passport of photo and signiture page, and latest unility bill for proof of address. 

For withdrawal amount between $20-$200, there is a fee of $5; for withdrawal amount between $200.1-$500, there is a fee of $10; and a fee of $25 for withdrawal amount over $500. The withdrawal process usually take 5 working days. If the withdrawal is through third party, the process will be prolonged. 

Customer Support

eToro’s customer services team works 24 hours from Mon-Fri either by telephone or email, currently availble in English, German, Spanish, French and Italian.

They have a function of “Customer Service Wall”, which enables customer comminucate with customer services in a forum way. 
Customers can choose which customer services team member they wish to speak to by click the photograph of a particular representative.

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


Conclusion

eToro set themselves apart from normal online trade brokers as the pioneer of social trading with the largest social trading network in the world. They gathered traders from all level of experience together and help each other, sharing knowledge and learning from the best performers. There are abundant trainings and courses available, such as Trading academy, blog, live webinars, and trading e-courses.

It doesn’t matter if you are not good with IT skills or traditional fundamental and technical analysis, eToro has created such a user friendly trading platform, you will be able to start trading with just one click, making your trading experience fun and enjoyable. 

Your Social Investment Network

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Remember that CFDs are a leveraged product and can result in the loss of your entire capital.

65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Remember that CFDs are a leveraged product and can result in the loss of your entire capital.