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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

eToro Review

2.52
40 reviews
PAYMENT SYSTEMS
  • Deposit
  • Withdrawal

eToro general information

Founded in: 2007 year
Headquarters:
Cyprus
Offices in the country: United Kingdom, China, Russia
Minimum Deposit: 50 $
Website: www.etoro.com
Website languages:
English, Arab, Spanish, Italian, Chinese, Deutsch, Polish, Russian, French
Execution model:
NDD, STP
Deposit currency:
USD, EUR, JPY, GBP, AUD, CAD, CNY, RUB
Support languages:
English, Arab, Spanish, Italian, Chinese, Deutsch, Russian
Regulated by:
ASIC (Australia) license №AFSL 335692
FCA (United Kingdom) license №583263
CySEC (Cyprus) license № 109/10
CNMV (Spain)
Mobile trading: iOS, Android
Types of offered accounts:
Unlimited Demo Accounts, Standard Accounts, VIP accounts
Affiliate program: Yes

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.

Trading Accounts

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:

  1. Having separate bank accounts for the clients’ funds and also for their operational funds to prevent any mix up from happening.
  2. Clients’ funds are stored with the most credible banks which have a good working relationship with E Toro.
  3. 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.

Trading Conditions

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.

Inactivity Fees

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.

Trading Platforms

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:

  1. It is easy to use and free on download.
  2. It is compatible with a host of mobile operating systems such as Android and also ios.
  3. Provides excellent charting and drawing tools.
  4. 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

  • Standart
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
Trading instruments:
CFD's1:25
Amount of assets : 1000
  • Promotions
  • Indices
  • Products
Metals1:50
  • Gold
  • Silver
Energy sources1:50
  • Oil
  • Gas
Cryptocurrencies
Stock exchange
  • Promotions
  • Funds (ETF)
Entry to stock exchanges
  • NASDAQ (US)
  • NYSE (USA)
  • NYMEX (USA)
  • Eurex (EU)
  • Euronext (ES)
  • FBW (Germany)
  • LSE (United Kingdom)
Max. number of orders:
Execution type:
Market Execution
Swap Free:
Not
VIP Account:
Yes
Spread type:
Floating
Decimal places:
4 characters
Commission:
Not
Phone trading:
Not

Contacts of eToro

Headquarters
Кипр , LimassolOmirou Avenue, 7
show on the map

Recent customer reviews of eToro

roberts keon 16 November 2020

Advantages: NILL

Disadvantages: nILL

Comment: It’s a question you wish you didn’t have to ask, but it’s a necessary one if you’ve been scammed. I’ve seen my fair share of internet scams over the years, so I know how it feels. The good news is, I also know some practical ways you can go about getting your money back from the scammers. There are many types of scams online. From your typical ‘get rich quick’ scams, to investment and dating scams. The list goes on and on. You name it, there’s probably a scam for it. But regardless of what type of scam you’ve fallen victim to with the right information you’ll be able to recover your funds back. It can be an absolutely terrible feeling when you get scammed online, especially if it’s your first time. But you can get it back if you follow the guidelines I’ll show you. Firstly, when you notice you’ve been scammed online or involved in online fraud one way or the other and in the process you lost your funds, the first thing you’ll need to do is contact any law enforcement agency close to you. The chance of law enforcement to recover your funds back into your account is slim so you don’t have to depend on them to recover your funds but it’s always good to report the case no matter how embarrassing the scam might be. Secondly, you’ll need to take the case further to a recovery company to assist you with the recovery of your funds and only a few recovery firm can do this. I will recommend RECOVERYWEALTHNOW360 on google mail.They are a legitimate recovery company that is registered and they also provide their license ID to the public to show their legitimacy. They assist individuals and companies recoup their funds from fraudulent Investment platforms, ICO and Romance scams. As long as the fraud is done online, they are up to the task of recovering the funds. Send a complaint email to: recoverywealthnow360 on google mail

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agung 27 October 2020

Advantages: Reliable

Disadvantages: Nothing found

Comment: I have been an eToro customer for 16 months now and I’m an absolute satisfied client. I’ve read a lot of negative reviews about this broker, and I don’t understand why. It’s one of the biggest brokers out there, known for its reliable social trading platform. My own experience has been very good, and I intend to stay with eToro for many years ahead.

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Lauren Johnson 23 October 2020

Advantages: .

Disadvantages: .

Comment: I am very impressed with Cryptonest platform. I’d invested in a couple of index few years ago and I can boldly attest that their Investment packages have given me more than I ever wanted. Asides profit making, the user-interface and customer service are far better than other platforms I have tried in the past. As an aspiring millionaire, I value my time and money above all else. CRYPTONEST.ORG has done an excellent job bringing me on to the light of financial freedom. I certainly recommend them to everyone willing to invest out there.

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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.