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eToro's evaluation

 eToro's evaluation


eToro Company Features



trading platforms

Web, Mobile

licenses

FCA, ASIC, CySEC, MiFID

local offices

Cyprus, UK, USA, Australia

Deposit Options

Wire, Visa, Mastercard, Neteller, Skrill, Paypal

Withdrawal options

Wire, Visa, Mastercard, Neteller, Skrill, Paypal

Assets available for trading

Forex, Indices, Stocks, Commodities, Crypto, Bonds, CFD

demo account

Yes

Withdrawal commission

Yes

Minimum deposit amount

$200

Islamic account

Yes

Year Founded

2007

Learn more about eToro

Most of the time, new traders often look for the safest and most trusted brokerage firm in the world of trading, which has the most advanced trading methods that support them in choosing the best trading strategies or plans, especially the availability of trading tools such as social trading that enables them to copy trading from another trader. Which is called Copy Trader, which somewhat reduces the traders' guilt when losing, and avoids them taking the risk on their own due to their simple experience in the world of trading. 

 Where it is known in the world of trading that excessive fear and excessive risk are among the most prominent things that traders with various experiences, whether new, medium or professional, should avoid, which is one of the most widespread trading advice, warning all trading experts in the whole world.

In addition, eToro offers a Popular Investor Program that rewards successful members of the eToro community for copying their trades, ie the more copiers they have, the higher their rewards. Popular investors' payments are given along with any profits made from trading, and these payments can be up to 2% of their total AUM.

Another unique feature of eToro is its personalized social newsletter. By integrating different elements from the worlds of social media and online trading, the newsletter helps you track financial instruments and traders as you wish, and allows you to interact with other members of the community. eToro, discussions and much more.

We should not forget that eToro is one of the companies that offers exemption from administrative fees or assistance request fees, as well as absolute exemption from investment commissions in stocks. Also, eToro withdrawals require a fee as low as $5, and there is no clearing fee.

eToro also offers two types of accounts that are in line with the requirements of new and professional traders which include two types of accounts: retail client and professional client.

Here the retail client account gets access to all private trading assets, and they can trade manually or copy trade (as needed). Although the use of leverage is restricted for retail clients, they do receive some protection such as coverage from the Investor Compensation Fund and recourse to the Financial Ombudsman service. Furthermore, they receive negative balance protection and margin closing restrictions. 

As for the professional account, it is the one who has successfully passed a test to determine his suitability to qualify as a professional client, and through this account he waives some of the protections provided by the European Securities and Markets Authority such as the Investor Compensation Fund and the recourse to the service of the financial ombudsman. However, the professional client has no restrictions on the use of leverage.

eToro has been hesitant to offer protection against negative balance which, due to market conditions, clients may experience a trader's balance becoming negative, as eToro incurs losses and resets your balance to zero – just like individual client accounts. 

It is worth noting that eToro operates in a multi-regulatory environment: eToro UK is regulated by the Financial Conduct Authority (FCA), eToro EU is regulated by the Cyprus Securities and Exchange Commission (CySEC), and eToro Australia is regulated by the Australian Securities and Investments Commission ( ASIC).

In conclusion, we would like to remind you of one of the best tips for trading in forex is to start with small funds and use low leverage because it will increase your profits and limit your losses. 

Social trading at eToro

eToro is a leader in social trading technology, which has developed a professional participatory trading platform that allows investors to monitor investment trading behaviors through a unique user experience for other people trading with eToro, where social trading is heard by facilitating decision processes using copy trading (copy trading) Social trading can be an excellent opportunity for those with little experience in the financial markets and professionals alike.

Social trading has been classified by many international and local bodies as a low-cost and less complicated alternative to managing wealth through a professional account manager, where all decisions are taken by the trader himself without anyone interfering in these decisions. 

eToro trading platform

The eToro trading platform is considered one of the most advanced and modern platforms, based on the many surveys that we conducted on a trusted site when many traders were asked with the company about the ease of the eToro trading platform and the smoothness of the platform, and the answer was always positive from all traders, regardless of the reservation of some of them on commissions The high imposed by the company during trading. 


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