eToro general information
|Founded in:||2007 year|
|Offices in the country:||United Kingdom, China, Russia|
|Minimum Deposit:||50 $|
English, Arab, Spanish, Italian, Chinese, Deutsch, Polish, Russian, French
|Execution model:||NDD, STP|
USD, EUR, JPY, GBP, AUD, CAD, CNY, RUB
English, Arab, Spanish, Italian, Chinese, Deutsch, Russian
ASIC (Australia) license №AFSL 335692
FCA (United Kingdom) license №583263
CySEC (Cyprus) license № 109/10
|Mobile trading:||iOS, Android|
|Types of offered accounts:|
Unlimited Demo Accounts, Standard Accounts, VIP accounts
eToro Forex broker description
E Toro is a forex trading company with a strong online presence. It was established in 2007 and has been in the game consistently for over a decade and continues to carve a niche for itself in the world of forex trading.
E Toro has two trading accounts that are specially designed to suit clients trading needs with the major aspect being experienced. These accounts are the retail and professional trading account.
The E Toro Retail Account
This is the basic or standard account type that is found on this trading platform. It is designed to suit the needs of every client both the novice and the experienced. The following are the perks that a client will accrue from having this account.
- Access to a vast range of trading assets from shares, stocks, cryptocurrencies, indices, and commodities among others.
- Negative balance protection.
- Clients with this account are covered by the investor compensation fund in case of liquidation of the firm’s funds.
- Clients can trade either manually or copy trade.
The E Toro Professional Account
The E Toro professional account is another type of account provided by the trader to its clients. Just like the name, this is an account designed for professional traders who have experience in trading and are willing to stake large amounts of cash in their trade execution. To have this account, a client will have to apply for it on their online platform and if the client meets the set criteria, he or she will be able to get the professional account.
Among the many benefits that come with this account type include:
- No restrictions on using leverage.
- Negative balance protection.
- High leverage trading.
- Professional account holders incur no charges on withdrawal of funds from their accounts.
The Company. Security Of Funds
E Toro as earlier indicated has been in the trading business for over a decade which has been characterized by the growth of this firm. E Toro prides itself in being among the first forex traders to have a social trading platform that has a big hand in making it a success.
Over the years E Toro has made a decent name for itself and has been able to penetrate various markets worldwide making it a global brand. Founded in Israel, it has crawled its way to have headquarters in Cyprus, London and also in Tel Aviv. This has enabled it to have clients worldwide and the numbers continue to grow at a very steady rate.
E Toro has managed to invest in the most qualified staff as its personnel to run its affairs and maintain an awesome working relationship with their many clients. The personnel ensures that each client's needs have been solved ensuring an excellent customer experience.
On matters of credibility, this trader has all the licenses and regulation status on point by the relevant regulatory bodies in all regions it has its operations. Among the licenses it has acquired include:
- E Toro Europe has been licensed by the Cyprus Securities and Exchange Commission (CySEC).
- E Toro in the United Kingdom has been given a clean bill of operation by the financial conduct authority (FCA).
- Both the European and UK sections are governed by the markets in financial instruments directive (MiFID).
- E Toro in Australia is governed by the Australia financial services license (AFSL).
- E Toro in its bid to uphold its integrity and gain the much-needed trust from its clients has put up measures that ensure clients' funds stored by them are in safe hands and very secure.
Among the measures put in place to ensure this include:
- Having separate bank accounts for the clients’ funds and also for their operational funds to prevent any mix up from happening.
- Clients’ funds are stored with the most credible banks which have a good working relationship with E Toro.
- E Toro is a member of a compensation scheme that will come through to sort out the clients in case of the rare occurrence of the company’s liquidation.
Minimum Initial Deposit
The minimum initial deposit varies according to your region. It ranges from $200 to $10000 and will serve as your base capital in your trading conquests as well as act as a shield in case of a loss on a trade.
If your account has been inactive for 12 months for depositing accounts and 4 months for non-depositing accounts, a fee of $10 will be charged. This will be incurred from your account’s fund balance.
Commissions And Spreads
E Toro account holders incur no commission at all. The spread type on offer is the floating type.
E Toro has its own customized trading platform that has been designed specially to meet its needs and also of its customers as a social trading platform. This platform is advanced and provides awesome tools that will allow you to execute trades hassle free. This platform comes only in one mode - The E Toro mobile platform.
The E Toro Mobile Platform
The mobile platform was designed to take advantage of the growing popularity of mobile phone use. The mobile platform is accessible after downloading the application and signing in. among the benefits of this platform include:
- It is easy to use and free on download.
- It is compatible with a host of mobile operating systems such as Android and also ios.
- Provides excellent charting and drawing tools.
- Fast execution of trades.
Withdrawals And Deposits
Withdrawals and deposits to and from your account are very easy and you will use the agreed upon modes to deposit or withdraw. It accepts both debit and credit card and also e-wallet payments. Accepted modes include Skrill, Neteller, PayPal and visa among others.
BRIEFLY ABOUTE E Toro
In conclusion, this is a very credible trader offering special tendered services to all of its clients. A look at E Toro customer comments and reviews gives you a feeling of trust and professionalism. eToro is a great trader for both novice and experienced traders in the forex business
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
Trading accounts of eToro
|Trading platforms:||eToro Trader|
|Minimum Deposit :||50 $|
|Deposit currency :|
USD - US Dollar
EUR - Euro
JPY - Japanese Yen
GBP - British Pound
AUD - Australian Dollar
CAD - Canadian Dollar
CNY - Chinese Yuan Renminbi
RUB - Russian Ruble
Amount of assets : 1000
Entry to stock exchanges
Max. number of orders:
Contacts of eToro
Recent customer reviews of eToro
Disadvantages: denied access to withdraw investments and profits
Comment: I was unable to make withdrawals after I made multiple investment and my profit increased. I was later able to recover my funds after all hope was lost. Thanks to the website hacksandrecovery dot net for helping me with the recovery after I provided all my transaction details and documents with etoro to them.
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Advantages: Instant execution of the order Trade execution with less friction Access to a larger trading audience by increasing the number of applications for trading through the blockchain platform and reducing deadlines.
Disadvantages: A 24-hour delay before your order reaches its destination, again due to security measures taken on blockchain platforms.
Comment: This is one of the types of trading brokers that is part of a side line of trading brokers in the forex market/stock exchanges. It provides services on the most popular and leading stock forex exchange websites that offer fixed benefits such as investment capital markets, partnerships, promotions, bonus programs, etc.
Advantages: Low fees and giving you a place to store your money that cannot be accessed when you retire.
Disadvantages: However, some disadvantages include, among others, limited opportunities, lack of margin, short-term profit and loss limits.
Comment: Despite the fact that using this broker has many advantages, it is still debatable whether the advantages compensate for the disadvantages. Since the risk reward has been reduced due to lower-than-average fees for physical market instruments, this makes it harder for traders to engage in more profitable activities without excessive risk.