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eToro

eToro
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License
Trading software eToro trading platform
Trading conditions

Min. deposit: $50
Leverage: 400:1
Commissions: 0
Free trial: Yes
Pip Spread on Majors: 2

Address Angelica Court 2 - Flat 203, Ambelakion 20
City: Germasogeia
State: Limassol
Country: Cyprus
Zip: 4046
URL http://www.etoro.com

Overall Rating: Four star Platform Reliability Rating
Charting: Three star Rollover interest rates Rating
User-friendliness: Four star Platform Functionality Rating
Platform Reliability: Four star Platform Functionality Rating
Platform Functionality: Four star Platform Functionality Rating
Customer support: Five star Customer Support Rating
Withdrawal processing: Five star Customer Support Rating

eToro was launched in 2006 by three young professionals and operates on a revolutionary new forex trading platform that essentially animates trades in a competitive environment. The forex firm is headquartered in Cyprus.

eToro doesn't charge any costs for leaving a position open overnight and doesn't charge any commissions or fee on trades and its revenues come from spreads that are exceptionally low.

Order Types

  1. Market orders
  2. Limit orders
  3. Entry stop and entry limit orders
  4. Stop orders

Accounts

Standard Account

  1. Minimum deposit requirement is $50 USD
  2. Maximum leverage of 400:1
  3. Minimum trade size is $10,000 after leverage
  4. No maximum size

eToro VIP Premium Account

  1. Total deposits of $20,000 or trade 10,000 aggregated lots of currency
  2. Trade a minimum of 2000 lots quarterly to hold a VIP account
  3. One-on-one training with a forex professional
  4. Free access to the real traders' chat room
  5. Daily market report in your e-mailbox
  6. Trading signal
  7. Account review and monitoring by a professional risk manager

Demo Account

  1. Free of charge
  2. Practice trading with an unlimited amount of virtual currency
  3. Access provided to eToro trading platform

Deposits

Trading account funding can be done is USD, Euro, or British Pounds, but funds will always be held in USD. The minimum single deposit amount is $50 and deposits can be made by Credit card transfers from Visa or MasterCard, Western Union or MoneyGram, PayPal, WebMoney, Neteller or MoneyBookers, Wire transfers from banks, or Other methods depending on location.

Withdrawals

eToro reserves the rights to refund traders via the original payment method they used; a processing fee of $25 is levied on bank wire transfers that may take 5 days.

Regulatory Compliance

eToro is registered with the CFTC and is also an NFA member with NFA ID#:0382918 and submits to regulation by the CySEC in Cyprus that keeps to E.U. standards.

Fund Safety

Funds of customers are securely held in a client fund by Sydney-based International Capital Markets.

Data Security

Standard secure socket layer (SSL) technology for data encryption and best e-commerce data security available make eToro one of the safest and most reliable online forex brokers.

Trading Platform

  1. Downloadable desktop version
  2. Windows-based trading station
  3. Animated interface
  4. Customizable display
  5. Free of charge to broking clients
  6. Online users manual
  7. Real-time animated charts

Broker Features

  1. Quotes in all major currency pairs, plus gold and silver
  2. Simple and friendly interface
  3. Fixed dealing spreads
  4. No commissions or fees on transactions or withdrawals
  5. U.S. Dollar-based accounts
  6. Free advanced trading and analysis tools
  7. Withdraw funds to credit card accounts
  8. Website translated into 9 languages
  9. Islamic accounts
  10. Start trading with as little as $50
  11. Leverage ratios from 5:1 to 400:1

Cons:

  1. Download the software platform to trade

Current Bonuses

  1. Cash bonuses of $25-$1,000 depending on your initial deposit
  2. Silver deposit of $1000 - $4,999, gives $250 bonus
  3. Gold deposit of $4,999 - $9,999, gives $500 bonus
  4. Gold deposit of $10,000 - $19,999, gives $1,000 bonus
  5. VIP deposit of +$20,000 Special offers available

eToro provides its traders Live Customer Support Monday till Friday between 06:00 and 22:00 GMT.

Europe: United Kingdom 44-808-1201597
Greece: 30-211-1980245
Turkey: 90-212-4141764
Finland: 358-9-42419174
Spain: 34-91-1877615
Italy: 390698968950
France: 33-1-81979100
Russia: 7-495-5041095
Ukraine: 380-44-5945745
Germany: 49-221-37050002
South America: Argentina: 541152391453
Brazil: 55-11-39570371
Panama: 507-8365038
North America: USA: 1-866-350-0881
Canada: 1-888-8806820
Corporate Address: (P.O. Box 3321) Drake Chambers, Road Town, Tortola,
British Virgin Island
corporate@eToro.com
Administrative office: Stephanie House
82 Griva Digeni,
3101 Limassol,
Cyprus
Phone: +357-2-5030251
Fax: +44-866-350-0881
Local Offices: USA
1375 Broadway, 11th Floor.
New York, NY. 10018
Phone: 1-866-350-0881
Dubai
Marketing office Dubai Investment Park First. Al-Jaleel Building, Office 111
Phone: +971 4 88 55 699
Australia
Level 10, 2 Bligh Street,
Sydney, New South Wales,
Phone: 1-300-466-256

eToro shows the randomly

eToro shows the randomly historical rates in demo, which is really good for enhancing skills.

etoro has the best platform

etoro has the best platform in the whole forex industry.

Have no problems whatsoever,

Have no problems whatsoever, great customer service, fast deposit and withdrawals. i use eToro platform with no problems.

I trade with eToro and I know

I trade with eToro and I know that they SHOW THE SPREAD right before you open the position. It pops up on your screen and you need to press OK in order to confirm the spread before the position opens.

I agree that the bonuses are

I agree that the bonuses are good and help, but they are tricky. eToro does't let you to withdraw the bonus so easy. You need to trade with it first. When I asked the withdrawal my profit, they sent me all I asked but the bonus has left in the trading account, because I didn't trade with it enough.

eToro is amazing. I am a new

eToro is amazing. I am a new trader in eToro and never saw such features as the traders have here! I got $500 bonus when I deposited the first time it helped me a lot to start the trading.

I am new in eToro and so far

I am new in eToro and so far so good. Great support, cool platform - very innovated and friendly. High bonuses for the first time deposit made me to join this broker and I am fine with my decision.

Etoro has a highly innovative

Etoro has a highly innovative trading platform, which is by far the only best feature they have.

I deposited $750 and cashed

I deposited $750 and cashed out $100 so far.it took me a long time, I don't believe the ones here that say they made a $1000 in one day. My account manager gave me some excellent tips and made me some money, I think they are a very good company.

Many good reviews interest me

Many good reviews interest me use etoro having many good featues they describe & reliabilities in transactions they mention at different places but can’t use as I still use window 98 se for some machines to run with the same computer . if change the computer or buy new one I may use it in near future . so there is a disadvantage in etoro for some users like me & not having popular mt4 platform many of us using comfortabily or even a web base interface to trade can offer best for all .

Hi guys, thank you for the

Hi guys, thank you for the tip. Now I understand why I lost so quickly my little investment. I put all my balance to 1:400 leverage. And it turned out to be very risky. My eToro account manager recommends me to use low leverage like 1:100 and lower. Now I understand why.

Hi I heard that eToro is

Hi I heard that eToro is working on their own signals that are going to be very good. So there is no need to buy them. It looks like in eToro they really care about their traders. I always have a good attantion from my account manager.

Hi, eToro is not bad at all

Hi, eToro is not bad at all for a trading platform. I use the signals I buy in order to make my trading profitable. My advise to you: trade with a low leverage, though eToro offers up to 1:400 leverage, it is better if you open the trades with no more than 1:100. Be on a safe side, good luck!

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