Overview

eToro is an Online Forex & CFD Trading Broker
Check 100% Detailed eToro Broker Review
Is eToro Scam or Legit? See What We Found!

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Details

BrokereToro
Official Website URLwww.eToro.com
Headquarters42nd floor, One Canada Square, Canary Wharf E14 5AB, London, United Kingdom
Support Number+44 (0) 203 150 0308
Support TypesLive Chat, Phone, Contact Form, E-mail
Minimum 1st Deposit$200
Payout400:1
Free Demo Account Open FREE Demo
Deposit & Withdrawal MethodsVISA, PayPal, Neteller, Skrill Moneybookers, Diners Club, JCB, MasterCard, Web Money, Yandex
Account CurrencyUSD
Overall Score9.1/10

Full Review

Founded in 2006 by Ronen and Yoni Assia, eToro is an exceptional forex and cfd broker. They are based on Tel Aviv and are regulated by a number of financial regulatory authorities. eToro is a viable investment platform that is suitable for experienced as well as novice traders. The company has experienced massive growth over the years and they are renowned as one of the top brokers of recent times.

If you are looking to sign up with eToro, we recommend that you read this complete review. Our unbiased and detailed review will give you all the information that you need before getting started with eToro.

Review Verdict: eToro is Not a Scam

Visit eToro Official Website

*Your capital is at risk.

How to Trade with eToro?

eToro is a recommended forex broker for complete newcomers and those who have an interest in social trading. this Israeli brokerage is regulated by FCA to serve UK clients and also by CySEC to cater to the needs of traders from other parts of the world.

eToro offers a mobile and an innovative web platform. The social trading tools available from the broker are fun and interesting which makes the investment process hassle-free and extremely convenient. The features allow traders to copy the moves of those they follow so basically, there is nothing much that traders are left to do on their part. They simply follow and as soon as trades are executed by the experts they follow the trade is copied directly into their accounts as well. The account set up process is also quick and seamless.

Getting Started Process

eToro has one of the best processes for setting up an account. The process is fast and it can get you started with trading in the live markets within just a day. The first step towards opening an account requires registration *Your capital is at risk.  You can also use your social media accounts to create an account with eToro.

In the next step, you can use the demo functionality to practice trade. Or, you can deposit funds into your account and enter live trading immediately. The choice is yours and you can deposit as much as $2000.

A quick verification is carried out when deposit is made. After this final step, you can make investments as you wish and deposit more funds as well.

Is eToro A Trustworthy Broker?

eToro has established a reputation for itself in the industry. The broker is regarded as a popular choice among traders. Since its launch, it has been mentioned in finance magazines including some very popular ones such as Forbes.

They have an intuitive platform that is not only geared towards the experienced trading community, but complete beginners as well. Their features are outstanding and their trading tools are also very useful.

Review Verdict: eToro is Not a Scam

Visit eToro Official Website

*Your capital is at risk.

Newcomers can take advantage of the educational section on their website and learn all about their trading platform and tools. Demo functionality enables trading in a simulated environment and it also helps traders get a better understanding of the platform and all that it has to offer.

eToro is regulated by various bodies as well. It is regulated to operate in the UK as well as in the European Union. The company has more than 10 years of experience in this field and since they are the pioneers of social trading, they are highly regarded as an experienced and trustworthy investment broker.

Few complaints about the broker do exist on the web, but they are minor. Signs of scams or links to scam services is also non-existent. Overall, eToro is a genuine broker that deserves your time and attention. The broker is one of its kind and it is hard to find one like them in the industry at present.

Minimum Withdrawal & Deposit

Traders can choose from digital payment options as well as credit cards, debit cards and bank wire transfers when it comes to making payments or withdrawing funds. Minimum withdrawal is just $20 and minimum deposit is $50.

Account Types and Bonuses

To make the decision easier for traders, especially newcomers, eToro has only one type of account available. Regardless of how much traders wish to invest, they can set up an account and verify their identity after which they can add deposits in any amount they wish.

Bonuses are also available through the Popular Investor Program. If a trader becomes a popular investor and is followed by other traders, then his earning potential increases. The program is lucrative and allows traders to enhance their gains.

Trading Platform

When eToro was first launched, its platform was designed primarily for inexperienced traders. With the growing interest among traders to use the eToro platform, the broker decided to consolidate all of its platforms into one powerful platform. Today, eToro is not only available as a web-based platform, but mobile platform as well that can be downloaded on iOS and Android devices.

Review Verdict: eToro is Not a Scam

Visit eToro Official Website

* Your capital is at risk.

Customer Service

The methods of communication offered by the customer care representatives at eToro include live chat, contact with the personal account manager, email and customer service wall. The support service is prompt and is available in a variety of languages.

eToro offers excellent support service. you can send them an email or chat with them live if you are looking to resolve issues. If you have a question to ask, you can even post on their customer service wall which is monitored during the trading hours.

To cater to the needs of traders from across the globe, eToro offers support in multiple languages including Polish, Russian, German, French, Italian, Arabic, English, Chinese and Spanish.

Conclusion

eToro offers a wide range of assets for investment purposes. They offer unique web trading and trading social platforms to help traders maximize their gains. In fact, their platforms have been designed to be easy to use and understand.

All of their trading tools and features are useful and assist traders in a variety of ways. eToro has built a reputation for itself in the industry and as one of the leading brokerages of today, they definitely have a lot to offer to its clients.

eToro is a recommended broker and their experience and commitment towards their users proves that they are here to stay.

*All trading involves risk. Only risk capital you’re prepared to lose. Past performance is not an indication of future results. This content is for educational purposes only and is not investment advice.

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