eToro Review

Details

Broker	eToro
Website URL	www.etoro.com
Founded	2006
Headquarters	London
Support Number	+357-2-5030234
Support Types	phone, fax, live chat, email
Languages	English, French, German, Dutch, Arabic
Trading Platform	eToro Openbook, eToro Webtrader, Copy.me, Android App, Mobile Trader
Minimum 1st Deposit	$50
Minimum Account Size	$50
Minimum Trade Amount	$5
Maximum Trade Amount	$10,000
Bonus	$20 no deposit bonus
Payout	within 5 business days
Leverage	10:1 to 400:1
Spread	1-2 pips
Free Demo Account	Open Demo
Regulated
Regulation	Regulated by CySEC
Commissions
Commission Info	No hidden commissions or fees
Account Types	demo account, real money account
Deposit Methods	wire transfer, credit card, Paypal, Neteller and Skrill/moneybookers
Withdrawal Methods	wire transfer, credit card, Paypal, Neteller and Skrill/moneybookers
Trading Methods	social trading, forex trading, CFD trading
Number of Assets	3000+
Types of Assets	forex, commodities, stocks, ETF's, CFD's and indices
Trading Currency	all major forex pairs, most minor forex pairs and even exotic ones like USD versus Bitcoin
Account Currency	eToro accounts are fundable by euro's,dollars and pounds
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score	6.8

Full Review

eToro social trading

Social Trading got a new meaning since the release of eToro’s Openbook social trading software. Via eToro Openbook you can browse traders with a certain succes rate for instance a minimum profit of 300%, a maximum drawdown of 10% or other criteria.

How does social trading work on eToro?

What you have to do, is select successful traders from the available traders to follow and ‘copy’ their actions on the financial markets by ‘following’ them. When you choose a trader to ‘copy’ you can choose with how much money or percentage of your available trading balance you want to do so. The social trading software automatically opens and closes traded the same moments the ‘followed’ trader does so as well.

If you are a professional trader yourself you can begin building your reputation by having other traders follow you. eToro has a top 100 leaderboard containing worlds top traders and most followed traders and each of them gets a commission for belonging to the top. Most often this commission is paid out in bonus money and bonus stocks.

eToro no deposit bonus coupon

At the moment every new trader that wishes to try eToro receives a free $20 no deposit bonus coupon to try social trading at eToro out with for free. Whenever you feel like trading with real money on the eToro social trading platform you can deposit funds using your credit card, conducting a wire transfer or make a deposit with Paypal, Neteller or Skrill/Moneybookers from $50 upwards.

Pros

• $20 free no deposit bonus social trading coupon
• Copy other traders and don't make decisions yourself
• Many types of financial assets available
• Reliable and regulated social trading broker
• Available on smartphone and tablet

Reviews

There is no review.