During this review, I’ll reveal the detailed facts about eToro from own perspective, as a professional trader. This analysis will provide you with a clear picture when deciding which broker to trader with.
eToro was founded in 2007, and are now one of the largest investment networks in the industry. They thrive off delivering a rewarding trading experience for all of their clients. Etoro currently has over 1,5 million clients circulated in more than 140 countries.
eToro main unique selling proposition, is based on the social network concept for trading, where traders and communicate and learn from other individuals with a various level of trading knowledge, unique trading styles and skill sets. The community is very diverse, which allows interaction via their web based platform.
You have the opportunity to trade using your own account, or if you are new, lacking confidence or you dont have a trading plan, then there is a Copy Trader system which allows you to select which trader you will like to copy based on their previous results. This takes the guess work out of trading and place the responsibility on an experienced trader.
Learn all about eToro’s trading features & terms
Minimum transaction size after leverage 1,000 Units (USD) Minimum deposit US $50 Leverage ratio 1:2, 1:5, 1:10, 1:25, 1:50, 1:100, 1:200, 1:400 Spreads From 2 pips (more)
Quotes on all major currencies All major currencies Full leverage on funds Enabling total use of funds for leverage, no extra collateral
Charges & Commissions
Commission free deposits Yes Commission free trading Yes Withdrawal commission fee Yes Islamic account terms Yes Deposit facilities: Western Union Yes
Online chat Yes Guided tutorials Yes Live training Yes (phone) Real accounts Yes Economic news / charts / technical analysis Yes
Withdrawals & Deposits
Fund withdrawals to credit-card account Yes Deposit method: PayPal Yes Deposit facilities: bank transfers Yes Deposit facilities: credit card (MasterCard) Yes Deposit facilities: credit card (Visa) Yes
Currencies and Margins
Maintenance margin No Accepted Currencies for Deposits USD/EUR/GBP Base account currency USD
Technical maintenance During Sundays when the market is closed Regular trading hours Sundays 10PM(GMT) until Fridays 9PM(GMT) (more) Customer access 24/7
Ease of Use Simple & friendly interface Customer Support Through email, phone or chat Online Trading (independent, no need for a Dealer) Yes Registration form Easy; in various languages Account control by user Full; real-time; direct Total Transparency: phone contact with site personnel Yes Trading site access 365 days a year Yes Customer Support languages Arabic; Chinese; English; French; German; Italian; Russian; Spanish Website languages Arabic; Chinese; Korean; Dutch; English; Finnish; French; German; Greek; Italian; Japanese; Norwegian; Portuguese; Russian; Spanish; Swedish; Turkish; Hungarian
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