Etoro Forex Broker Review
| Name of the Company | eToro Inc |
|---|---|
| Established In | 2007 |
| Online since | 2008 |
| International Offices | British Virgin Island, Cyprus and United States |
| Payment Methods | Credit/debit cards, Moneybookers, Neteller, PayPal, WebMoney, Western Union,Wire transfer |
| Demo Account and Platforms | e Toro Platform, e Toro Mobile Trader |
| Account currencies | Australian dollar, Euro, Great Britain pound,
United States dollar |
| Different Currency Pairs | AUD/JPY AUD/USD CAD/JPY
CHF/JPY EUR/AUD EUR/CAD EUR/CHF EUR/GBP EUR/JPY EUR/USD GBP/JPY GBP/USD NZD/USD USD/CAD USD/CHF USD/JPY |
| Regulated or Registered By | ASIC, CFTC/NFA, CySEC |
| Are US Traders Allowed? | Yes |
| Any Bonus? (detailed) | |
| Languages in which website is available | Arabic, Dutch, English, Finnish, French, German, Greek, Hungarian, Italian, Japanese, Korean, Norwegian, Portuguese, Russian, Spanish, Swedish, Turkish |
| Languages in which support is available | Arabic, Dutch, English, Finnish, French, German, Greek, Hungarian, Italian, Japanese, Korean, Norwegian, Portuguese, Russian, Spanish, Swedish, Turkish |
| Different Support Methods | Phone, Live Chat and Email |
| Types of Account (micro standard executive islamic) | Bronze, Silver, Gold, VIP |
| Minimum Deposit in Accounts | $50 |
| Minimum position size | 0.1 lot |
| Type of Spread | Fixed |
| Typical spread on EUR/USD, pips | 3 |
| Types of Trading instruments (GOLD; CFD, etc. and the leverage) | Forex = 1:400, Indexes = 1:50, Soft Commodities= 1:50 |
| Real Trading platforms | e Toro Platform, e Toro Mobile Trader |
| Digits after the dot in quotes | 4 |
| Total Number of Currency Pairs | 16 |
| Any Bonus offers | Yes |
| Any Trading contests | Yes |
| Is Free education Available | Yes |
| Is Trading by telephone Allowed | Yes |
| Any Segregated accounts | Yes |
| Affiliate program Available | Yes |
| Islamic accounts available | Yes |
| Is One-click trading option Available | Yes |
| Mobile trading Allowed | Yes |
| Browser-based platform Present | Yes |
The eToro Inc.has its offices in British Virgin Islands, Cyprus and United States and was established in the year 2007. However, the company started its internet based online trading service only in the year 2008. Recently there have been a lot of advancements in the web technology and to grow in such environment it is very important to keep the pace. eToro has been able to adapt itself to the changing technology very well which has led to many awards and recognitions. With several services to offer like eToro open Book which can copy the trading techniques of the experts can be of great help in trading especially who are novices in this field. They have several payment options which make the deposit and withdrawal of money easy and hassle free affair. They allow Australian Dollar, GBP, Euro and USD as the account currencies.The company is well regulated in Australia by ASIC, CFTC and NFA in USA and by CySec in Cyprus. They allow traders from United States to trade from their account. Their website and the customer support service are multilingual and are available in 17 languages. The customer support staffs are well trained and are very responsive.
They have different account types which include Gold, Silver, Bronze and VIP. They also have demo account with e Toro platform for PC and e Toro Mobile Trader for mobile devices. The same platform is available when the trader starts real trading and hence demo account is of great use in understanding of the platform. The minimum amount required to open an account with them is $50 and they allow trading in Indices and commodities along with forex at a maximum leverage of 1:400 and minimum is 1:50. They have 16 currency pairs to trade in and it includes all the major pairs.
Today the users can voice their happiness or concern about using a product or a service freely on the website meant for their reviews. This also is a medium to know about the company’s performance and quality of service that it offers. The reviews for eToro Forex shows that they have many happy customers and the most liked feature is that their many major currency pairs have a spread of 2 pips and they also give bonus on deposit of large funds. The maximum leverage on Forex trading is 1:400 while on other sit is 1:50. The payment modes are several including PayPal which is liked by many as the deposit and withdrawal process becomes easy. They allow AUS, GBP Euro and USD as the account currencies and is liked by many traders. Their website and customer support service is excellent and is available in 17 languages. The traders are very happy with the service of the customer support staffs. The minimum deposit required is only $50 and the in house trading platform is very fast in execution of trade and has several features to help in trading successfully. The average rating given to the company by its users is 5.4 out of 10.