Join eToro and lead the
The eToro platform is a transparent social trading platform, enabling users to follow and emulate others in their social trading activities, without compromising their entire portfolio.
eToro fx forex traiding is the world’s leading marketplace for the next generation of traders and investors. You can earn directly from online trading by leading 5 million social traders worldwide and getting paid as a new generation of fund manager when they copy your investments.
eToro Review :
Since the deregulation of the forex trading industry in 1997, there has been a massive proliferation of internet based spot forex brokers. While this scenario might be a good thing in terms of the availability of choice for traders, too much of a good thing can also be bad. This is because it can be difficult to sift out the “bad” from all the brokers out there, as basically everyone is offering the same kind of service. However, all this started to change when a broker called eToro fx introduced the concept of social trading to the world in 2010 with the launch of their OpenBook social investment platform. With this innovative social trading platform, traders can now easily copy the trading strategies of their more successful peers without having to have a solid foundation in trading the spot forex market.
FX Empire’s Awards Received :
Trading Platforms :
Since the debut of their OpenBook social trading platform, eToro has gone on to improve the functionality of their platforms. Now, eToro have provided their traders with 3 ways in which they can trade the markets namely with eToro WebTrader, eToro OpenBook and eToro Mobile Trader.
- eToro OpenBook
Regarded as the most popular forex social trading platform in the world, eToro OpenBook platform lets you follow the progress of other traders as well as lets you interact with them in real time and puts the power of networking into the palm of your hand. With the integrated “Copy Trader” feature, you can copy the trades of your more successful peers automatically in real time as well.
- eToro WebTrader
A web based powered trading platform, eToro fx WebTrader provides you with all the tools that you need to analyze your trades as well as letting you synchronize with OpenBook to copy the trades of others.
- eToro Mobile Trader
With the introduction of eToro fx Mobile Trader apps, traders can now also access the power of social trading with their smartphones and mobile devices.
Now in addition to forex, traders can also trade a selection of commodities and stocks with eToro’s trading platforms.
At eToro, you have a choice of two different types of trading account, standard trading account and Islamic trading account.
- Standard Trading Account
Opening a trading account at eToro is easy as they only require a minimum initial deposit of just $50. You can fund your trading account using the following methods:
- Credit Cards,
- Wire Transfer,
Withdrawals at eTorofx can only be done after your have verified your account. Once you have verified your account, you can withdraw using the same method that you used to deposit your money into your trading account. Take note that the minimum amount to be withdrawn is $20. There is also a small fee payable when you make a withdrawal. The fee is dependent on the amount to be withdrawn and ranges from $5 to $25. The stipulated processing time for a withdrawal request is up to 5 business days.
- Islamic Account
For Muslim traders who want to trade the forex fx market according to Shariah principles, they can choose to open an Islamic trading account with a minimum initial deposit of $1000. With the Islamic account, no interest is imposed on overnight positions and no commissions are payable as well.
- Demo Account
For those of you who want to try out eToro’s fx trading platform fist, you can always sign up for their obligation free demo account. The demo account lets you try out all the features on eToro without having to risk any real money. Instead, you will be trading with $10,000 virtual cash supplied with the demo account.
Commission & Spreads
At eToro fx there are no commissions payable. Instead, traders have to pay a slightly wider spread on all their trades. With the exception of Bitcoin transactions (1 pip spread), the typical spread at eToro starts from a minimum of 2 pips for the USD/JPY currency pair and 3 pips for the EUR/USD, USD/RUB USD/CHF and USD/CAD. For less frequently traded pairs, the spreads can go up to as high as 14 pips.
Customer support services at eToro fx are provided in several major languages and are available 24/5. Contact with the support team can be done through email, live chat or the telephone.
- Automated Trading
- Comprehensive Training Academy
- Ground Breaking Social Trading Platform
- Multiple choices of trading platforms
- Regular Attractive Promotional Offers
- High Spread
- Limited Choices of Forex Pairs
- Their Platforms are Non Customizable
- Trading Charts lack sophisticated tools
There is no doubt that eToro’s social trading platform is the most innovative change that has occurred during the past few years. They have single-handedly transformed a stressful trading endeavour into a fulfilling experience which feels more like game for everyone. The OpenBook platform can be said to be tailored made especially for novices of online trading who are unsure of how to start.
In an overcrowded industry such as the online forex trading industry, it is often a big challenge for newcomers to the online trading world to tell the difference between a reliable broker from a fly by night operator. The situation is made worse by the fact that everyone seems to offering the same kinds of service. That was until eToro launched their new social trading platform. Founded in 2006 as RetailFX, eToro has over the years become one of the most recognizable brands in the online trading world.
Based in Cyprus, eToro is regulated by the Cyprus Securities Exchange Commission (CySEC) under the CIF license number #109/10. Apart from being regulated by CYSEC, eToro is also regulated by several regulating agencies in Australia, Denmark, Germany, U.K and the U.S. In Australia, eToro is regulated by the Australian Securities and Investments Commission (ASIC) through the sister company called IC Markets Ltd. In the U.S, eToro is managed by Tradonomi LLC and is regulated by the Commodity Futures Trading Commission (CFTC). By being regulated in multiple jurisdictions, eToro is able to legally offer cross border trading services to not only traders in EU countries but also from the U.S to the Asia Pacific region.
Despite being one of the newer forex brokers in the industry, eToro has managed to prove its capability by introducing an entirely new way of trading the lucrative and dynamic spot forex market. Their OpenBook platform literally opened up the sophisticated world of forex trading to virtually anyone who can afford their $100 minimum deposit requirement. Regardless of whether a trader has a solid foundation in forex trading education or not, the OpenBook platform enabled the newbie ride on the coattails of the more successful traders.
eToro is definitely not your usual bland g forex broker that many of us so often come across on the internet. They have with their ground breaking platform literally changed the way forex trading is to be traded. In addition, they also make it easy for anyone to get into the game. Furthermore as a regulated broker by the CySEC and CFTC, they have ensured that they can be trusted with your money. For those of you who feel that you want to give online forex trading a go, then there is no better choice than eToro.
eToro Review :
I have been involved in a number of forex trading systems, they each cost alot of money, with no results. When I stumbled upon etoro openbook, I couldn’t believe it was free to join. Everything about the site leaves the others I previously joined for dead. I would recommend this site to anyone.
I’ve read all about peoples complaints. MiFID regulations are just fine and if you have a problem lodge a complaint, don’t just rant and rave. I’ve been with eToro for over 2 years and I have had no problems.
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- 1 Join eToro and lead the
- 1.1 open Account sing up now !!!
- 1.2 eToro Review :
- 1.3 FX Empire’s Awards Received :
- 1.4 Trading Platforms :
- 1.5 Account Types
- 1.6 Commission & Spreads
- 1.7 Customer Support
- 1.8 Pros
- 1.9 Cons
- 1.10 Conclusion
- 1.11 open Account sing up now !!!
- 1.12 eToro Review :
- 1.13 open Account sing up now !!!