eToro is innovative online social trading network where people meet to trade currencies, commodities, indices and CFD stocks. With over 4.5 million users in more than 170 countries worldwide eToro welcomes thousands of new accounts daily. Below we have reviewed eToro in its full glory.
eToro is regulated by Cypriot Securities & Exchange Commission (CySEC), ASIC, Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA) and offers forex trading services to traders from all over the world, including USA traders.
Registration takes couple of minutes. Website is available in many languages: French, German, Greek, Italian, Japanese, Arabic, Chinese, Korean, Dutch, English, Finnish, Norwegian, Portuguese, Russian, Spanish, Swedish and Turkish.
Practice Account and Education
eToro provides wide variety of educational material including free quality tutorials, webinars and online videos.
eToro provides up to the minute news from main financial news sources and perception reports from the broker market analysis crew.
Free demo account is fueled with $10,000 USD of virtual money. If you ran out of practice money, you can always request some more. There is no limit on demo trading.
Trading Platforms and Social Trading
Social trading is definitely one of the most rewarding way to enter financiall markets. Collective wisdon is what empowers traders! By using each other's knowledge, feedback and skills, traders make socially smart decisions and ensure profits.
eToro is currently the biggest online financial trading community where unlimited possibilities are within a grasp. The exciting features such as CopyTrader, InvestorFinder and more makes money making easy and fun.
eToro’s social investment network brings you several levels where you can fit yourself according to your goals and style. Below is the review of each level:
With the basic features of the social investment network, you get the live feeds of the trading activities. You can now check out what other traders are up to at any given time. The information in front of you give you powerful insight into market trends, strategies and trading ideas.
Once you have focused on specific traders' activity, you naturally want to follow these traders to get even more information and even get in touch with one another through the personal profiles. In case you cannot figure out which trader to follow, there is a feature called " Investor Finder", which searches the network based on the preferences you choose and shows you the latest ranking of the top investors.
Last but not least - the most interesting feature of all - copy. Here you can not only follow the traders of your favorite investors, but simply copy their moves. By a simple click on "Copy" you can now choose the investment amount and start copying trades automatically. You are, of course, in full control of your funds and can always pause or resume your compy activity with simple Copy Stop Loss functions.
So, for beginners, eToro offers an amazing opportunity to see, interact and copy top traders. For experienced traders - the more copiers you get, the more rewards you receive from eToro. Becoming popular investment offers monthly payments on top of your trading results!
Maximum leverage is 1:400
Spreads are low from 2 pips
Minimum deposit requirement is just $50
There is also first deposit bonus up to $10,000
eToro offers plenty of payment methods to choose from. Below is a reviewed list of the available methods:
Overall, while writing eToro review, we have come to realization that eToro is truly one of a kind, powerful forex community that offers you a chance to:
- Share tips and concepts with other traders
- See for yourself how others trade
- Compete in Forex trading challenges
- Take advantage of others' experience