eToro Review
Overview
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… more
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| 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.
✓ $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
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
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