eToro

eToro Review

With regulation in 13 countries, there’s no question that eToro is a Forex broker looking to attract traders worldwide. The company works as an STP broker, and it focuses not only on providing the best possible trading conditions, but also a unique social experience wherein traders can connect with other Forex traders to share their own ideas, copy the executions of others and seek advice as needed. This social form of Forex trading can be found in the broker’s OpenBook platform. 

eToro also has a more standard trading platform which can be viewed in both visual mode, which is for new traders, and expert mode, for advanced traders.  The broker’s OpenBook platform is where the social aspect of trading can be experienced. This eToro review highlights the important aspects of this established broker. See for yourself if eToro is right for you!

Established in: 2007

Regulated by: FSA, BaFin, CONSOB, CNMV, Banque de France, Finanstilsynet, FI, CMC, CSSF, AFM, ASIC, CFTC, NFA

US trading: Yes

Partnering Brokers: RetailFX, FXsolutions, IC Markets

Currency pairs offered: 22

Spreads: Fixed (2 pips and up)

Minimum deposit: $50

Maximum leverage: 1:400

Maximum US leverage: 1:50

Minimum lot size: 1,000

Demo account: Yes

Beginner’s trading platform: Yes (called Visual mode)

Platform: Downloadable and web –based platforms available

Mobile trading: Android phones only

Chat support: Yes

 Trading room: Available for Forex traders who have traded a total of 2,000 aggregated lots or have deposited $5,000

Welcome bonus: Yes ($25 for a mini account, and up to 10% for a VIP account with a deposit of $20,000 or more)* eToro welcome bonus is not available for US traders

Referral bonus: Yes

Editor’s notes: In addition to providing multiple types of accounts and trading platforms, eToro also offers a thorough Forex education center that covers topics including technical analysis, trading strategies and Forex basics. Throughout our eToro review we were impressed with the company’s intuitive website, and the fact that its platform can be viewed in ‘visual mode’ for beginners and ‘expert mode’ for more experienced traders. In this sense, new traders will be able to find their footing, and advanced traders will find a refreshing alternative to the standard MetaTrader platforms.

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eToro

Visit eToro Website

Quick Information

Name: eToro
Country: British Virgin Islands
Established: 2006
Website: www.etoro.com
Languages: 1
Platform: All

Advantages

  • Excellent beginner’s platform
  • US trading available
  • Unique social trading platform
  • Low minimum deposit

Disclaimer

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