ETORO Cryptocurrency Broker Review
Etoro Cryptocurrency Broker has been offering trading and copy trade, Ethereum on their unique Social Trading Platform
Etoro Cryptocurrency Broker | If you feel that it is time for you to start in investing and entering the trading world. You want also to start trading Cryptocurrency or gold or even coffee like other people you know that are making money or losing money with this but all are winners when they talk about it. It can be somewhat intimidating. All these graphs and indicators besides the other 100 things you need to know about . and this is even before you can think about actually trading for profit.
And then there was Etoro Cryptocurrency Broker
they receive from us the name of” Etoro Cryptocurrency Broker “ simply because you don’t have to trade and can have others do it for you.
The entire concept is that the masses know more than any trader by him or herself. so you get the numbers what the social trading trend is. at the same time there are very good traders out there. And you just need to find those traders ( can be as many as you want and can afford) and follow those traders… automatically with the amount you feel save to invest.
This is a longer introduction then I would normally give to a broker but eToro is special and different, not just because it really is a top Cryptocurrency broker in our eyes but Etoro Cryptocurrency Broker is the number one social investment network.
They combine social media with financial trading and build a community trading concept.
For traders that look to trade metatrader 4 , or metatrader 5 better go to another broker like Avatrade or HYCM as the platform that etoro offers kind feel somewhat game like , but that is the world of social media and now also the world of social Trading.
The basic eToro trading platform is called eToro OpenBook and is a platform where you can join millions (around 3.5- 4.000.000 ) a huge social trading environment.
The OpenBook allow you to see and follow traders that are better and more experienced and most important profitable and copy their trades, thus giving an opportunity to the less experienced Forex traders to take part and enter the market.
eToro aims to make Forex trading both profitable and entertaining, transforming an otherwise very stressful and often frustrating activity into a whole other experience.
The eToro WebTrader platform is the trading platform where the actual trades are being places and not like the openbook where they are being copied. The webtrader is a full functioning platform that offers just enough for traders to be able to trade properly , it does not have the EA’s and other bells and whistles that MT4 offers but for most traders this is more than enough .
The webtrader allows you to analyze your trades in real time and synchronize with the OpenBook from your desktop computer.
For those that look to trade on mobile. Don’t worry , etoro has a full functioning mobile application where you will be able to trade and use the use the same functionalities of the WebTrader only using your mobile devices such as Androids or iPhones.
Etoro offers a full functioning demo account that has 100,000 usd in there for learning how to trade on their systems or in this case even learn how to copy trade. I think this amount is somewhat too much as it takes part of the real feeling away. like playing poker with matchsticks. It is harder to care when you have this much. But the demo account is letting people get a taste of their system.
For the regular account that you open with real money you have the options to have a standard account or an Islamic trading account.
Deposits and Withdrawals
eToro offers a wide range of banking solutions to deposit and withdraw funds from your eToro accounts, including Paypal, Skrill, Neteller, Credit Cards, MoneyGram and Wire Transfers.
Opening a Standard trading accounts can be done for the minimum deposit of $50, to open an Islamic account you need to deposit at least $1000
Withdrawing funds is easy and fast but they might charge you for it this is a charge that ranges from $5 till around $25 and should take account 2-5 days before you see the funds in your account.
When you open an account you also awarded their 1st deposit bonus, which amounts to up to 1.000 eToro credits. These credits can be used for trading but there are also other options you can use it for. Like having their cryptocurrency.
They are pretty active with trader incentives so other promotional and season campaigns will come your way.
Their Spreads are a bit more expensive then with most other brokers but this is according to them because there is no commission payable. eToro spread starts at 2 pips for USD/JPY and 3 pips for EUR/USD and most other instrument pairs but ther are some exotic pairs that go above this
This is something you have to keep in mind when you are copying someone as this person is spending also your spread.
The Best Social Trading Platform!
eToro Cryptocurrency broker is without a doubt the best social trading platform on the web. As a broker they are doing ok , don’t have the most instruments and for many the lack of the MT4 makes them irrelevant , at the same time the angle and direction they have taken social trading is nothing short of amazing and the systems is something to behold.
If you are new to this Industry and never have traded before and now want to Trade Cryptocurrency Online. this might be the solution for you. It will be entertaining for sure
Etoro Cryptocurrency Broker Details
|Regulated By||CySEC, FCA|
|Number Of Employees||500|
|Contact Information||Tel:357 2 5030234|
|Deposit Options||Credit Card, Moneybookers, MoneyGram, Neteller, PayPal, Webmoney, Western Union, Wire Transfer|
|withdrawal Options||Credit Card, Moneybookers, MoneyGram, Neteller, PayPal, Webmoney, Western Union, Wire Transfer|
|24 Hours Support||Yes|
|Support During Weekends||No|
|Customer Support Languages||Arabic, Chinese, Dutch, English, Finnish, French, German, Greek, Italian, Japanese, Multi-lingual, Polish, Portuguese, Russian, Spanish, Swedish, Turkish|
|Supported Trading Platforms||eToro Platform|
|Commission On Trades||Yes|
|Guaranteed Stop Loss||Yes|
|Guaranteed Limit Orders||Yes|
|Has VPS Services||No|
Forex Broker review : Resources and more Reading for Reviews, Knowledge and entertainment