Etoro Review | What Do you need to know about this broker ?
Regulation: CySEC,FCA, ASIC
Min. Deposit: US$200
Platforms: Etoro proprietary Trading Platform
Found in: 2006
eToro Social Channels
Etoro .com review | more details about this broker
eToro Company Profile
eToro was founded in 2006 by three partners ( 2 brothers and their friend). They aimed to create a financial trading platform suitable to the traders of all levels, offering easy and convenient trading tools. Nowadays eToro became the largest and most popular social trading platform that serves more than 6 million users from around 150 worldwide countries. Every day thousands of new traders continue connecting to eToro.
eToro Trading Instruments
eToro markets range is among the most advanced in the industry, offers a truly wide range of instruments for trading from different financial categories.
The eToro products include Cryptocurrencies currencies, commodities, stock indices,
eToro CFD Bitcoin or other cryptocurrencies trading is leading the industry. The platform is famous for eToro cryptocurrency trading using CFDs, which is a big advantage due to its affordable and secured nature and allows to trade eToro Bitcoin, eToro Ethereum, eToro Ripple, eToro Litecoin and many other cryptocurrencies ( they keep on adding new ones).
The eToro account may be provided Premium services, with access to professional tools, unique promotions, as well as the personal account manager. Moreover, eToro provides promotions and bonuses for their new or existing clients
All traders are able to use their extensive eToro education Tools that provide tutorials about a platform, support content with best practices, live webinars and the most recent data or updates.
they offer their eToro Demo Account as a solution to try and test strategies with no risk and get their system and platform better
eToro Trading Platform
etoro originally created a platform called OpenBook, the first platform with the concept of social trading, which offered clients to connect to trading communities and successful investors.
in 2018, the proprietary programs CopyTrader, CopyFund ere launched and have become extremely popular with the largest trading community online.
this platform allows newly joined traders to “search” the best-ranked traders. The criteria used to choose among the traders consistent of the risk level, stable weekly indicators, trading volumes, leading trades, etc. you can not only transactions of individual traders can be copied, but copy their investments too.
the recent regulatory update in Europe and ESMA regime itself mandates brokers to set a maximum leverage level to 1:30 with a purpose to protect clients. Thus, eToro traders can use a leverage multiplier with a maximum of x30 for major currency pairs, x10 for commodities, x5 for CFD stocks and x2 for Cryptocurrencies.
eToro.com Deposits and Withdrawals
The money management and funding methods at eToro are also quick and simple. A client can transfer money using a Credit Card/Debit Card, payment systems -PayPal, -Giropay, -Skrill, -WebMoney, -Yandex, -China Union Pay or bank transfer. All transactions are made as secure as possible since they are protected by SSL technology.
eToro minimum deposit depending on clients’ region and country regulations and varies from $200 to $10,000.
eToro Forex Broker
In conclusion, Etoro is a regulated forex broker that offers something different. their copy trade and social trading has defined this market and they are the leading broker for this. . for new traders this is a perfect broker to start , they will slowly enter you into the industry and do this while educating you on how to trade yourself , you can also see them as an investment company as you have the option just to fund your account and make profits without actually trading just by following the right traders and have their trades automatically copied by your account.
- Social Trading
- Cryptocurrencies for trading
- No Metatrader 4 or 5
This is one of our Preferred Brokers