eToro Overview
Website: www.etoro.com
Telephone: +61-1800-778-583
Regulation: CySEC, FCA (UK)
Pairs offered: 20+ including EUR/USD, GBP/USD, NZD/USD
Minimum Deposit: $200
Spreads From: 2 PIPs
Max Leverage: 400:1
Markets: Forex, CryptoCurrencies, Indices, Commodities, Stocks
Deposit Options

eToro Broker Review

A social trading platform at the top of its class. State-of-the-art software, excellent customer support and a trading platform that is not only reliable, but also enjoyable make eToro a top choice when looking for a Forex broker.

Overview/Background

eToro is first and foremost a social investment network. As one of the world’s most ground-breaking initiatives, eToro provides traders with a top-tier platform to trade CFDs, currencies, commodities, and indices. The manner in which trades are conducted is engaging and immersive. At last count, eToro sports a trader base in excess of 4 million people across 140 countries. The benefit of using the eToro trading platform is that it offers traders the tools to get the most out of their trading activity. By copying and following other traders in real time, traders at eToro can access a global marketplace of opportunity at the click of a button.  eToro Ltd is regulated by CySEC – the Cyprus Securities Exchange Commission with the following license 109/10.

 

Account Types

There are several unique account types available at eToro including the following:

  • Basic Level Account – Bronze Trading Account
  • Intermediate Level Account – Silver Trading Account
  • Advanced Level Account – Gold Trading Account
  • Professional Level Account – VIP Trading Account
  • Islamic Accounts – Trading with the Riba Principle

As the value of the funds available to you increases, so too do the benefits and features available to you with your trading account. As a VIP Trading Account holder, you qualify if your deposit is at least $20,000. As a Bronze account holder you qualify if your deposit is under $1,000.

 

Trading Platform/Software

eToro is geared towards ease of trading. The eToro trading platform is one which is easy to navigate through and use. There are three unique trading platforms available at eToro, including the following:

  • eToro OpenBook
  • eToro WebTrader
  • eToro Mobile Trading

eToro OpenBook is a refreshingly different trading platform. It utilizes the power of social media to enhance the trading experience. OpenBook is precisely what its namesake suggests – an Open Book. Traders can see what other traders are doing in real time and they can gain valuable insights into the strategies employed by other traders as they go along. By utilizing OpenBook, eToro traders can derive valuable insights into the bustling world of social trading and they can follow, share, and even copy the trading actions of other traders as they see fit.

 

Thanks to the functionality of WebTrader, eToro traders can access a wealth of trading options direct from the comforts of anywhere they go – provided there is an Internet connection. Owing to the unique design of the WebTrader platform, there is no clutter and all the open trades, orders, history and news are easy to navigate through. Plus, the social component is enhanced by way of chat functionality. WebTrader also allows for customization of visibility so that traders can actively engage with one another, or go incognito when they wish to observe the trading activity without being disturbed.

 

The eToro Mobile Trading platform is all the rage. As most traders nowadays have gone mobile, the mobile trading app is plenty rewarding to use. By downloading the mobile trading app, eToro clients can easily engage with one another and stay connected regarding their investments in real time. The mobile trading app is available for Android or iOS devices and it is ideally suited to smartphones, tablets, phablets and more. The eToro Mobile Trading platform provides instant access to OpenBook and WebTrader and you don’t need to be on your PC to get things done.

 

Deposit Options

eToro offers traders multiple deposit options. These include Wire Transfer, GiroPay, Credit Card, PayPal, Neteller, WebMoney, and Skrill. All deposits at eToro are 100% safe and secure, since all transactions utilize SSL technology to process payments.

 

Markets

There are 4 categories of markets available at eToro. These include Stocks, Indices, Currencies (Forex) and Commodities. Popular stocks include Apple, Google, and Facebook. Popular indices include SPX500, NSDQ100, and DJ30. When it comes to currencies trading, there are multiple popular pairs including EUR/USD, GBP/USD, NZD/USD and others. Commodities like oil, gold and silver are among the most traded at eToro.

 

Bonuses

eToro offers traders bonuses for signing up and trading with real money. There are multiple trading bonuses and these vary according to the promotions of the moment. Traders are invited to chat with eToro about the deposit bonuses on offer. eToro also offers friend referral bonuses to traders.

 

Customer Support

Customer support is available during the course of the week, 24 hours a day. There are several support options available in telephone support, email and live chat functionality. As an added extra, eToro also offers international clients toll-free telephone numbers. The true value of eToro’s customer support service is with its nanoRep technology. This intuitive database – a knowledgebase – allows traders to get up-to-date answers from a self-populating knowledge base.

 

Safety

eToro is licensed and regulated by CySEC. The highest encryption protocols are in place at all times and there is complete segregation of client funds from company funds. All deposits and withdrawals are guaranteed safe and secure too.

 

Ease of Use

eToro provides multiple user-friendly trading platforms – OpenBook, WebTrader and eToro Mobile Trading. With so many options, it’s a cinch getting started and trading indices, commodities, currencies and stocks. Each of the tradable assets is provided in a way that is easy to access with multiple tradable options available. 

 

Final Thoughts

eToro is truly at the top of its class in terms of what it offers – a social trading platform. Further, traders are presented with state-of-the-art software and resources to make their social trading experience reliable, enjoyable and profitable. With multiple deposit and withdrawal options available and the very best customer support services – eToro is definitely a cut above the rest.

 

Pros
  • OpenBook
  • WebTrader
  • Mobile Trader
  • eToropedia is a useful educational resource
Cons
  • Dependent on the speed of your Internet Connection
eToro Overview
Website: www.etoro.com
Telephone: +61-1800-778-583
Regulation: CySEC, FCA (UK)
Pairs offered: 20+ including EUR/USD, GBP/USD, NZD/USD
Minimum Deposit: $200
Spreads From: 2 PIPs
Max Leverage: 400:1
Markets: Forex, CryptoCurrencies, Indices, Commodities, Stocks
Deposit Options
Pros
  • OpenBook
  • WebTrader
  • Mobile Trader
  • eToropedia is a useful educational resource
Cons
  • Dependent on the speed of your Internet Connection