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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.

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