eToro Review

eToro broker is a transparent global market place for both beginners and experienced traders. With over 1.5 million users in more than 130 countries worldwide, eToro is one of the largest investment network today. eToro has been awarded with “2010 Most Innovative Trading Platform”.

Registration and Languages

Registration process is simple, fast. Website is translated into many languages: Arabic, Chinese, Korean, Dutch, English, Finnish, French, German, Greek, Italian, Japanese, Norwegian, Portuguese, Russian, Spanish, Swedish and Turkish.

Payment Methods

Available payment methods include: Credit Card, PayPal, Neteller / 1-Pay, MoneyBookers , WebMoney , GiroPay (available in Germany only), Wire Transfer, Western Union and MoneyGram.

Trading Accounts and Conditions

During our eToro review, we have found that the broker offers wide variety of training, courses and information to help turn new traders into professionals. Free demo account is available with US$10,000 virtual money so that newbies can practice until ready to start trading for real.

eToro provides several trading options:

eToro WebTrader

The platform offers simplified and user-friendly web based trading experience.

The eToro WebTrader is a 100% online trading platform that enables you to trade on the go from your browser without downloading the eToro desktop trading platform. The WebTrader offers the most convenient and usable online trading interface you’ll find anywhere: it’s simple, looks great and comes packed with innovative eToro community features.

Key features are:

  • Online trading with no downloads
  • A clean, simple and customizable platform
  • A full set of easy to use eToro trading tools
  • 24/5 real and practice trading from anywhere in the world

eToro OpenBook

OpenBook is a one of a kind social trading network that transforms the way people trade and invest online.

By enabling you to follow and interact with all other traders of the eToro community, OpenBook accelerates knowledge sharing and shortens the learning curve for you to bring your trading experience to the next level.

See. Follow. Copy.

Because it gives you the power to see how others trade: live and in real time, the OpenBook helps you put the power of the eToro community to work in your trading:

  • See the trading activity of other traders in real time and spot new market opportunities and trends.
  • Follow the strategies of your fellow traders and monitor their success rates.
  • Copy the trades you like.

eToro provides up to the minute news from key financial news sources and traders insight report from their market analysis team.

Maximum leverage is 1:400, spreads are low from 2 pips. There is also first deposit bonus up to $10,000.

Regulation

eToro provides highest standards to the traders through reliable and professional liquidity providers under strict official regulations. eToro is registered and regulated by Cypriot Securities & Exchange Commission (CySEC), ASIC, Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA).

Summary

Overall, while writing eToro review, we have come to realization that eToro is truly one of a kind, powerful forex community that offers you a chance to:

  • Share tips and ideas with other traders
  • See for yourself how others trade
  • Compete in Forex trading challenges
  • Take advantage of others' experience

 

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eToro Summary

Name: eToro
Regulation: CySEC, ASIC, CFTC, NFA
Established: 2006
Trading Platform: WebTrader, OpenBook
Currencies: 21
Max Leverage: 1:200
Demo Account: yes
Min Deposit: $50
Payment: Credit Card, PayPal, Neteller / 1-Pay, MoneyBookers , WebMoney , GiroPay, Wire Transfer, Western Union, MoneyGram.
Languages: English, Spanish, Italian, Portuguese, Russian, Chinese, Arabic, German
Online Support: yes