eToro Review

eToro
Up to $10,000 extra
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Overview

eToro is one of the leading forex brokers available online, in fact through innovation and product offering Etoro has cemented themselves as the world’s largest online social trading and investment network.  The eToro trading platform is easy to use and there are myriad of options for the forex investor who is constantly on the go.

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Details

Broker eToro
Website URL http://www.etoro.com
Founded 2007
Headquarters Limassol, Cyprus
Support Types Telephone , E-mail , Live Chat
Languages English , French , Russian , Greek , Italian , German , Japanese , Finnish
Trading Platform eToro webTrader | eToro Openbook | eToro Mobile Trader | eToro Android Trader
Minimum 1st Deposit $50
Minimum Account Size $50
Bonus Up to $10,000 extra
Leverage 400:1
Spread As low as 2 pips
Free Demo Account Open Demo
Regulated Yes
Regulation NFA, CySEC, ASIC, CFTC, MiFID
Deposit Methods Credit Card , Paypal , Skrill , Neteller , Bank Account , Western Union
AU Allowed Yes
Mobile Trading Yes
Tablet Trading Yes
Overall Score 9

Pros

  • Low minimum deposit
  • High Leverage
  • Low Spreads
  • Social Network Trading

Cons

  • No software downloads for desktop

Full Review

eToro Forex Broker Review

eToro is one of the leading forex brokers available online, in fact through innovation and product offering Etoro has cemented themselves as the world’s largest online social trading and investment network.  The Etoro trading platform is easy to use and there are myriad of options for the forex investor who is constantly on the go.

At Etoro even a beginner with no knowledge of online trading can dive in to an exciting array of forex investing options.  Trade forex, add precious metals like Gold and Oil to your portfolio and include stocks like Google and Facebook.  Investing online couldn’t be more fun and rewarding!

Trading Platforms

Etoro Forex Trading

Etoro Forex trading offers an easy to use application whether you trade on mobile or desktop.

Etoro Web Trader is the easiest to use application to trade forex online.  It is clean, flexible, with easy to read graphs and makes it easy to find the pair you want to trade.  A fantastic way to get started with forex for beginners to mange, analyze and maintain their portfolio.

Open Book provides users with a social trading platform putting you in contact with millions of other traders where you can learn ideas, copy the actions of other traders and through collective power profitable trades can emerge.    Innovative features including CopyTrader and the Guru Finder, are pioneering features which has created a new wave of social trading solutions.

Trade forex on mobile with the Etoro Android and Mobile application

Trade forex on mobile with the Etoro Android and Mobile application

Android App & Mobile Trader provides those who are on the go the ability to check and make trades wherever their mobile phone is handy.  You can easily monitor live rates, make trades and stay in contact with the Open Book Investment Network on iPhone, Android, Blackberry, iPad and other smartphones.

Each application Etoro offers is sleek, very easy to use, with graphs easy to product and uncomplicated.  This makes Etoro a must forex trading platform for all beginners.  For those who have extensive forex experience

Spread and Fees

Etoro does not charge commissions on trades executed, however like all forex brokers they charge a small spread of 2 pips or more depending on the pair you are trading on.  Rollover fees are typically not charged for trades left open overnight, however for all trades running over the weekend a small fee is charged to your account.  Overall Etoro’s spreads and fees are extremely competitive.

Trading Accounts

You will be rewarded at Etoro the more you trade and the more you deposit.  Etoro will generally classify users into 4 groups which have various benefits.  These groups are bronze (depositing under $1,000) through to silver, gold and VIP (depositing over $20,000).  The higher your trading group progresses the more rewards and benefits are in store including free cash to trade with and prizes.

Customer Service and Reliability

Etoro provides excellent customer service through a dedicated hotline, email support and live chat.  For large accounts a dedicated account manager is available to help and it doesn’t matter where you may be situated in the world, Etoro has international help available in a multitude of languages.

Overall Forex How To recommends Etoro due to their easy to use real time trading platforms and social media aspect.

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