eToro

4.6 / 5

100% profit spread options

eToro

  • Offer a personal service trader programme for new customers
  • Promote the idea of “social trading” where you can talk to expert traders all around the world
  • Offer a wealth of courses and training to help you improve and learn
  • Can follow and copy the best traders on the market
  • Simple and easy to use

Pros

  • Used by 6,000,000+ traders
  • Established in 2006
  • Regulated by Financial Conduct Authority, CySEC
  • Min. deposit from $200

Cons

  • Doesn’t allow scalping

eToro info

Name eToro
Established 2006
Location Cyprus
Minimum Deposit 200$
Support Options eToro’s customer support is available 24/5 – Monday through Friday via telephone and email, with email having a 48 hour response time. They do not appear to have a live chat function, but a personalized digital customer service feature provided by a company called “Nano Rep” is available by clicking on a button to the bottom left corner of eToro’s customer service page.
Deposit Options Credit card, PayPal, Neteller, Moneybooker, bank wire, money gram
Withdrawal Options Credit card, PayPal, Neteller, Moneybooker, bank wire, money gram
eToro Reviews CFD (short for “Contract for Difference”) trading is a method that enables individuals to trade and invest in an asset by engaging in a contract between themselves and a broker, instead of opening a position directly on a certain market. The trader and the broker agree between themselves to replicate market conditions and settle the difference amongst themselves when the position closes. CFD trading offers many advantages that don’t exist with direct trading, such as access to overseas markets, leveraged trading, short (SELL) positions for assets which traditionally do not offer that option and more.
eToro Platform: eToro Platform,CFD, FX, Bitcoin
eToro Regulated: CySEC, FCA
eToro Leverage: up to 1:400
eToro Cfd Mobile App Yes

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eToro  BONUSES 

eToro offers several different deposit options for customers. First-time minimum deposits are $200 to $10,000 depending on your country’s regulations and the region you live in. Maximum deposits per transaction also vary by payment method and country. The chart below details account requirements:

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Review Conclusions

Overall eToro is a reliable broker to deal with. They offer a truly social based trading environment allowing you to benefits from the experiences of real “Gurus”. Furthermore, they are fully regulated meaning you can trade with them with the assurance that they will not run away with your money!

The only setback with eToro is the fact that they don’t offer any downloadable trading platform like MT4 which can be customised to suit the individual needs of some traders. Then again, we have to remember that eToro is trying to cater to the wider market, traders who lack the experience in trading fast moving financial markets and traders who wouldn’t be able to appreciate the features of an advanced trading platform like MT4.

Social Trading Accounts

Traders at eToro can choose between opening a basic trading account or a Premium trading account.

Basic Account

  • Deposit Promotions
  • Free Webinars
  • Full Access to eCourses
  • Minimum deposit of $200 to open
  • Practice Account

Premium Account

  • Access to Expert Traders’ news
  • Deposit Promotions
  • Free Webinars
  • Full Access to eCourses
  • Minimum deposit of $20,000 to open
  • Practice Account
  • Premium Account Manager

However, prospective clients of eToro can also sign up with eToro for a free demo account to try out the various features of their trading platform before they commit. The Demo accounts come with $10,000 practice money. You only need to provide an email to gain access to the Demo account. I really like their demo account setup as there is no obligation to deposit any real money nor will you get sales representatives calling you and harnessing you to make a deposit.

How safe is my investment?

eToro (Europe) Ltd is a Financial Services Company authorised and regulated by the Cyprus Securities Exchange Commission (CySEC) . eToro (UK) Ltd is a Financial Services Company Authorised and regulated by the Financial Conduct Authority (FCA). As a result of this, it has to follow strict rules and regulation to ensure the safety of its customers money.

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