eToro Review
eToro is a leading, innovative, global forex broker with more than 25 million trader clients worldwide. Constantly expanding, it currently offers investor services to trade multiple financial markets, in nearly 150 countries.
eToro’s primary claims to fame are its own proprietary, multi-featured trading platform and its strong social trading community and social trading features, such as its CopyTrade tool. eToro launched the very first social trading platform in 2010 and is widely known as “the social trading broker”.
Traders with eToro have access to trade a broad range of financial assets, including forex, stocks and indices, ETFs, commodities, and cryptocurrencies. In all, exposure to more than 3,000 financial assets is provided. It offers commission-free stock and ETF trading.
Over the years, eToro has captured numerous awards for its innovative trading platform, social trading community, and trading tools. Here are just a few of eToro’s awards:
- ADVFN International Financial Awards Best Social Trading Platform- ADVFN International Financial Awards Best Platform for Trading Cryptocurrencies
- Star Awards Best Trading Platform
- The Share Awards Best Use of Social Media
- World Finance foreign exchange award for best mobile trading platform and best software provider
eToro is recognized worldwide as a strong leader in the creation and development of financial industry technology. It offers clients advantages that include relatively low trading fees and competitive, commission free, spreads.
Finally, as a forex broker that is highly regulated in multiple jurisdictions, including the US, eToro has a sterling reputation for being an honest, trustworthy broker.
eToro appears to be an excellent forex broker choice for traders who also want access to trade other financial markets, such as stocks, commodities, and cryptocurrencies.
Some traders are initially surprised to see that eToro doesn’t offer any of the usual trading platforms, such as MetaTrader 4 or cTrader. However, once they become familiar with eToro’s own proprietary trading platform, most investors find it very user-friendly and are very happy with the many features it includes.
Clients are also attracted by the unique, innovative features that eToro offers, such as its Smart Portfolios and broad array of copy trading options.
Other pluses with eToro include the fact that it’s a highly regulated broker, in multiple jurisdictions (and, therefore, highly trustworthy).
Typical Spread on Majors
| EUR/USD | 1.0 |
| GBP/USD | 2.0 |
| USD/JPY | 1.0 |
- Company Info
| Headquarters | Limassol, Cyprus |
| Type of Broker | Market Maker |
| Founded | 2007 |
| Regulated By | Regulated By CySEC (Cyprus), FCA (UK), ASIC (Australia), FSA (Seychelles), FINRA (United States) |
| Offices In | Israel, Cyprus, United Kingdom, Australia |
| Supported Languages | English, Japanese, Chinese, Arabic, Swedish, Polish, Malaysian, Vietnamese, Finnish, Greek, Portuguese, Thai, French, Dutch, Czech, Polish, Italian, Spanish, Norwegian, Turkish, Russian |
| ESMA Regulated? | This broker is regulated within the E.U and issubject to ESMA's new Forex and CFD trading restrictions. To find out more about these restrictions, please see this article |
- Account Details
| Account Currencies | USD |
| Minimum Deposit | $10 |
| Traders from USA Allowed | No |
| Clients Funds Segregated | Yes |
| Interest on Margin | Yes |
| Islamic Accounts | Yes |
| Islamic Account Restrictions | Muslim faith only |
| ECN / STP Accounts Offered | No |
| Commission on STP or ECN | |
| VIP Accounts Offered | No |
| Mini Accounts Offered | No |
| PAMM / MAM Solutions | No |
| API Solutions | No |
| Mobile Trading | Yes |
| Web Based Trading | Yes |
| Funding Methods | Credit/Debit Cards, Wire Transfer, Skrill, Neteller, PayPal, RAPID TRANSFER, iDEAL, Sofort, Prelewy24 |
| Withdrawal Methods | Credit/Debit Cards, Wire Transfer, Skrill, Neteller, PayPal, RAPID TRANSFER, iDEAL, Sofort, Prelewy24 |
- Platform Details
| Platforms Offered | eToro propietary platform |
| NO of Pairs | 51 |
| Cryptocurrency Trading | Yes |
| Pricing Digits | 5 |
| Trade off Charts | Yes |
| One-click Execution | Yes |
| Email Alerts | Yes |
| Mobile Alerts | Yes |
| Trading Server Time | |
| Demo Account Expiry | Non-Expiring |
| VPS Offered | No |
- Trading Details
| Dealing Desk | Yes |
| Maximum Leverage | 400:1 |
| Minimum Contract Size | 0.01 |
| Execution | Market Excecution |
| Hedging | Yes |
| Scalping | No |
| Option of OCO | Yes |
| Option of FIFO | No |
| Negative Balance Protection | Yes |
- Additonal Instruments
| CFD's | Yes |
| Metals | Yes |
| Binary Options | Yes |
| Oil | Yes |
| Stocks | Yes |
| Indices | Yes |
| EFT's | Yes |
eToro Reviews
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