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eToro Reviews and User Ratings

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  • Overview
  • Information
  • Video
  • Specification
  • Review score

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eToro General Information


Broker Name
eToro
Established
2007
Country
Cyprus
Min Deposit
$50
Max Leverage
1:400
Regulation
NFA, CFTC, ASIC, FCA, CySEC, FSC, BaFIN, MFSA, MiFID, CONSOB, AFM, CNMV, FI
Email
support@etoro.com
Telephone
357 2 5030234
Fax
44 866 350 881
Website Language
English, Russian, Spanish, Arabic, German, Greek, Hungarian, Italian, Japanese, Korean, Norwegian, Dutch, Finnish, Portuguese, Swedish, Turkish
Support Methods
Email
Telephone
Live Chat
Skype
24/7 Support
Deposit Options
Credit Cards, Debit Cards, Wire Transfer, Western Union, Paypal, WebMoney, Skrill, Neteller
Withdraw Options
Credit Cards, Debit Cards, Wire Transfer, Western Union, Bank Transfer, Paypal, WebMoney, Skrill, Neteller

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Description


eToro Background

Founded in 2007, this Cyprus based company maintains offices around the world, including New York City, Singapore, Dubai and Sydney, Australia. The broker pioneered social networking investment and has become the leader in it. eToro appeals to professionals and novices alike through their social networking investments. Their OpenBook platform lets users share trading experiences and follow other user’s trades. New traders benefit from watching professionals, and professionals can earn compensation by gaining followers. One especially noteworthy feature the broker offers is a chat feature that lets traders talk to other eToro traders in real time, making the site truly social.

Features of eToro

eToro offers 3 trading platforms, including its WebTrader which can be utilized without having to install software. The platform is very streamlined, efficient, intuitive, and user friendly and one of the best platforms for those without a lot of trading experience. The WebTrader caters especially to new traders with its clean, uncluttered design, but professional traders will also find the platform offers a wealth of knowledge. eToro offers a demo account to introduce traders to their platform. The company can be accessed by email, live chat, or phone for customer support during the majority of trading hours.  Customers seem to find the best support from the dedicated online community. The Guardian Angel feature allows traders access to real time advice and recommendations tailored to their investment strategies.

Conclusion

eToro is perfect for those looking for a fun approach to trading on the foreign exchange market or for beginners looking to ease themselves into a new type of trading. The broker is a reliable choice for newbies and experienced brokers alike.

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Video


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Features and Trading Instruments


Features
Hedging
Scalping
Margin Interest Rate
Trailing Stop
Web Based Trading
Pending Orders
One Click Execution
Mobile Trading
US Traders
Automated Trading
Islamic Account
Swaps
Segregated account
Affiliate Program
Trading Contest
PAMM
Trading Instruments
Oil
Gold
Metal
Indices
ETFs
CFDs
Stocks
Commodities
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Pros and Cons


PROS:
  • Setup is quick, requiring only a day or two to complete.
  • The Openbook platform offers a helpful way for new traders and pros alike to be able to copy successful trading strategies.
  • eTorro also offers an exceptional trading academy with step-by-step videos on the platform and eBooks and webinars organized by trading skill.
CONS:
  • On the downside, eToro spreads are higher than some of their competitors and they offer only 16 currency pairs.
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Account Type


  • Minimum Account Size: $50
  • Spread: Medium/ Fixed
  • Trading Instruments: Forex, Gold & Silver, CFDs, Indices, Metals, Commodities
  • Trading Platforms: Etoro Openbook, Etoro Web Trader, Etoro Mobile Trader

  • Minimum Account Size: $1000
  • Spread: Medium/ Fixed
  • Trading Instruments: Forex, Gold & Silver, CFDs, Indices, Metals, Commodities
  • Trading Platforms: eToro Openbook, eToro Web Trader, eToro Mobile Trader

  • Minimum Account Size: $5000
  • Spread: Medium/ Fixed
  • Trading Instruments: Forex, Gold & Silver, CFDs, Indices, Metals, Commodities
  • Trading Platforms: eToro Openbook, eToro Web Trader, eToro Mobile Trade

  • Minimum Account Size: $20000
  • Spread: Medium/ Fixed
  • Trading Instruments: Forex, Gold & Silver, CFDs, Indices, Metals, Commodities
  • Trading Platforms: eToro Openbook, eToro Web Trader, eToro Mobile Trader

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eToro Review Score


eToro Reviews and User Ratings
7.5 Total Score
6 reviews
Add your review
Web Design
7.6
Reliability
7.6
Platform
7.1
Customer Support
7.8
Withdrawal
7.8
Broker Name
eToro
Established
2007
Country
Cyprus
Min Deposit
$50
Max Leverage
1:400
Regulation
NFA, CFTC, ASIC, FCA, CySEC, FSC, BaFIN, MFSA, MiFID, CONSOB, AFM, CNMV, FI
Email
support@etoro.com
Telephone
357 2 5030234
Fax
44 866 350 881
Website Language
English, Russian, Spanish, Arabic, German, Greek, Hungarian, Italian, Japanese, Korean, Norwegian, Dutch, Finnish, Portuguese, Swedish, Turkish
Support Methods
Email
Telephone
Live Chat
Skype
24/7 Support
Deposit Options
Credit Cards, Debit Cards, Wire Transfer, Western Union, Paypal, WebMoney, Skrill, Neteller
Withdraw Options
Credit Cards, Debit Cards, Wire Transfer, Western Union, Bank Transfer, Paypal, WebMoney, Skrill, Neteller
Features
Hedging
Scalping
Margin Interest Rate
Trailing Stop
Web Based Trading
Pending Orders
One Click Execution
Mobile Trading
US Traders
Automated Trading
Islamic Account
Swaps
Segregated account
Affiliate Program
Trading Contest
PAMM
Trading Instruments
Oil
Gold
Metal
Indices
ETFs
CFDs
Stocks
Commodities
eToro Reviews and User Ratings
7.5 Total Score
6 reviews
Add your review
Web Design
7.6
Reliability
7.6
Platform
7.1
Customer Support
7.8
Withdrawal
7.8

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6 Comments
Show all Most Helpful Highest Rating Lowest Rating Add your review
  1. Reply
    ShrewdDwarfOfMoria
    June 30, 2016 at 9:00 am
    3.4
    Web Design
    60
    Reliability
    60
    Platform
    80
    Customer Support
    70
    Withdrawal
    70

    I joined eToro because of the variable trading accounts they had which allowed me to try my hand in trading for as low as $50. From the bronze account I then upgraded to a Gold account after having a number of good trades. This multiple account system helped me out, so I guess it should be able to help other people looking to trade.

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  2. Reply
    Ménage à trois
    June 4, 2016 at 12:48 pm
    5
    Web Design
    100
    Reliability
    100
    Platform
    100
    Customer Support
    100
    Withdrawal
    100

    I love just how innovative Etoro is and how it has managed to really go with the times and make sure that all their traders are really doing well. Among the many features of eToro is the eToroOpenbook which allows aspiring traders to follow and copy trades made by experts to get them started on their path to success. It just really sets a precedent as to how brokers should push for the success of their traders.

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  3. Reply
    RagingManiac
    September 20, 2015 at 5:16 pm
    4.8
    Web Design
    100
    Reliability
    100
    Platform
    80
    Customer Support
    100
    Withdrawal
    100

    I just love eToro because of its reliability, which I have not found in any other brokers out there. Funding and withdrawal of profits is very easy with the vast number of ways that you can transfer funds. Whether it’s PayPal, Credit/Debit Card, MoneyGram, Webmoney, Netteller, Western Union, or even a simple wire transfer, eToro has you covered.

    Helpful(0) Unhelpful(0)You have already voted this
  4. Reply
    joe
    March 28, 2015 at 6:12 am
    2.5
    Web Design
    50
    Reliability
    50
    Platform
    50
    Customer Support
    50
    Withdrawal
    50

    I used this site from near the beginning and watched as they became greedy . first they increased the cost of spread, then the price of trades, then minimum deposit. then they increased the minimum trade to $25 , this now makes it a dangerous site for newbies or small traders to trade. I was fuming, I met yoni(the ceo ) and his brother in london and they openly admitted, we do not want small traders,only rich ones, even when i reminded them, it was us small traders that got him where he is now, that built up etoro, that lots of affiliates are now losing sign ups, cause its too expensive.. He then lied to me and said he may drop the minimum trade to $10 , but , of course has not.. The man is greedy, arrogant and a liar .. Now he thinks his above all , because ooh we are sponsors of a football team,, we do not need small traders now.. never trust a company that only has itself in mind, and who has a liar for a ceo and stabs all small traders and new traders who helped built up his company, in the back.
    Now they are just pure greed, no loyalty to the small traders , push them out and only want the rich ones…

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  5. Reply
    IAmCornholio
    March 21, 2015 at 2:56 pm
    2.4
    Web Design
    50
    Reliability
    50
    Platform
    40
    Customer Support
    50
    Withdrawal
    50

    Normally you would think that innovation is a good thing and that eToro shaking things up with the Social Networking kind of trading platform would do wonders for traders. Sadly, trading is still a serious business and my experience with other people nagging me for advice or hating on me when they lose out on a trade is making me think that eToro was a mistake. eToro basically made a trading platform for amateurs and newbies.

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  6. Reply
    ForExGenius
    August 2, 2014 at 8:25 pm
    4.8
    Web Design
    100
    Reliability
    100
    Platform
    80
    Customer Support
    100
    Withdrawal
    100

    I just love how eToro made trading seemed so much like regular Facebook interactions with how they added a chat function to the eToro Web Trader. Not only does it allow you to trade from anywhere with Internet access, it also allows you to chat up other traders in real time to get advice, tips or warnings about any trades they wish to go through with; truly a wonderful experience trading with eToro.

    Helpful(0) Unhelpful(0)You have already voted this

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