eToro Review

Website : www.etoro.com
Online Since : 2008
Regulation : ASiC , CFTC , CySEC , FCA , MiFID , NFA
Accepts US Clients : No
Min. Deposit : $50
Payment Options : Credit cards/debit cards, giropay, Neteller, PayPal, Skrill, WebMoney, Wire transfer
Max. Leverage : 1:400
Platforms : eToro Mobile Trader, eToro Openbook, eToro Webtrader
Support Method : Email, Live Chat, Phone

eToro has become the world's leading social investment network, providing the tools for traders to tap into the wisdom of other traders to help them make smarter investment decisions.

Social networking has grown exponentially in the investment arena. eToro pioneered the ‘social’ trading arena years ago with their OpenBook platform which continues to provide the opportunity for users to follow the trades of other users and to share own their trading experiences. eToro encourages people to connect with one another to discuss, trade, invest, learn and share knowledge across the network.

Your Social Investment Network

Types of Trading Accounts

eToro offers their clients 4 main types of trading account:

1) Bronze Trading Account (Basic Level)

Minimum account size : $50
Spread on EURUSD (in pips) : 3

2) Silver Trading Account (Intermediate Level)

Minimum Account Size : $1000
Spread on EURUSD (in pips) : 3

Remember : To Hold the Silver account status, You must continue to trade a minimum of 150 lots quarterly.

3) Gold Trading Account (Advance Level)

Minimum account size : $5000
Spread on EURUSD (in pips) : 1.3

Remember : To hold the Gold account status, You must continue to trade a minimum of 600 lots quarterly.

*A 10% bonus on your first deposit each month (up to $2,000)

*Faster withdrawals – 3 days.
*Direct Trading room telephone access.
*Free entrance to the real traders’ chat room.

4) VIP Trading Account (Professional Level)

Minimum account size : $20,000
Spread on EURUSD (in pips) : 1.3

Remember : In order to become a VIP Account holder you need to trade 10,000 aggregated lots or reach total deposits of $20,000.

*A 15% bonus on your first deposit each month (up to $2,000)
*One on one training sessions with your Account Executive.
*Fast withdrawals – 3 days.
*Free entrance to the real traders’ chat room.
*A daily market report in your mailbox.
*Direct Trading room telephone access.
*Optional Rebate Program — your senior account executive will tailor for you a personal rebate program to suite your trading needs.

Comission and Spreads :

Spreads starts from 2 pips onward and no commission charge on trades executed by them. No Rollover fees charge on trades that are left open overnight. However, a nominal fees charge for the trades that are left open over a weekend.

Pros :

1) incl. unlimited and free Demo Account
2) Allow Social Networking to enhance the learning curve
3) Trader you can copy  trade with real money and are verified by real name
4) Great tool to discover/find top trader
5) Many trading instruments currencies, commodities and even major stocks
6) They are fully regulated meaning you can trade with them with the assurance that they will not run away with your money!

Cons :

1) unable to view the full history of all the previous trades by the Gurus
2) slow internet connection will find that their trading capability is less than 100% efficient.
3) They don’t offer any downloadable trading platform.
4) currently only able to manage your account in $ USD

Conclusion :

1) excellent for beginners to start trading
2) many great features to become a better trader
3) compatibility on all platforms (windows, mac, mobil)
4) small minimum deposit to start social trading

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Important Links :

eToro's Social Trading Video Guides and Tutorials

eToro's Trading Platform Review

Why Etoro is better than any other Forex trading Platform?

eToro Tips : Find The Best Traders

eToro FAQ - Social Investment Explained

eToro Copy Trader - How does it work