eToro two ways: CFDs, Social Trading.
Regulators: CySEC, FCA
First Minimum Deposit: $200 : Then minimum 50$
US Clients: No
Funding Methods: Credit card, PayPal, Neteller, Moneybooker, bank wire, money gram ,Local Online Banking
Pairs Offered: over 1100
eToro was founded in 2006 by two brothers, Ronen and Yoni Assia and partner David Ring. The brokerage was founded with the vision of a popular financial trading and investment platform suitable for everyone. eToro has grown significantly since its founding and is currently ranked among the top social trading networks, as well as an online forex broker.
As far as oversight and regulation is concerned, eToro (Europe) Ltd. is based in Limassol, Cyprus and is a registered Cypriot Investment Firm or CIF, registered under the number HE200585. The company is regulated by the Cyprus Securities and Exchange Commission or CySEC under license number 109/10.
In the United Kingdom, eToro (UK) Ltd. is headquartered in London and is a registered UK firm under registration number 7973792. eToro UK is authorized and regulated by the Financial Conduct Authority or FCA under the firm reference number 583263. Both eToro (UK) Ltd. and eToro (Europe) Ltd. comply and operate under the Markets in Financial Instruments Directive or MiFID.
eToro currently has more than 5 million users in over 170 countries. The company’s clients have access to trade in currencies, indices, CFDs and commodities. eToro’s online platform attracts thousands of new accounts every day as one of the world’s premiere social investment networks.
eToro launched its social investment platform “OpenBook” in 2010, along with the company’s “CopyTrading” feature. In 2010,
eToro launched its first Android apps to enable investors to make trades over their mobile devices. These innovative platforms allowed investors to watch, follow and copy the top traders in the network automatically, and they have now been replaced with an updated all-in-one eToro platform that is also available on Android.
In the United States, eToroUSA is not currently active, therefore eToro does not accept customers based in the United States.
In addition to the company’s excellent educational program and all inclusive trading platform, eToro’s most striking feature is its online financial trading community, which is among the world’s largest. eToro recently replaced its two popular WebTrader and OpenBook trading platforms into a new all-in-one platform that gives the trader access to all of their services across all types of devices.
Depending on what region and country the client resides in, the minimum first time deposit for an eToro live account ranges from $200 to $1,000. In addition to being able to open a funded account, the company offers a practice account just for signing up at no cost.
The eToro practice account allows the potential customer to test the trading platform without any financial obligation with an initial deposit of up to $100,000 in virtual currency. In addition to the standard funded account and the practice account feature on their platform, eToro also offers an Islamic account, with a minimum deposit of $1,000.
Trading Software Easy Platform
Customer Support Latest news on eToro Diversify With eToro’s Upgraded Stocks Offer eToro announces expansion plans eToro’s customer support is available 24/5 – Monday through Friday via telephone and email, with email having a 48 hour response time. They do not appear to have a live chat function, but a personalized digital customer service feature provided by a company called “Nano Rep” is available by clicking on a button to the bottom left corner of eToro’s customer service page. The company also features a “Customer Service Wall”, where customers can interact with customer service in a forum type format. Most customer service queries are handled by referring customers to Online Guides and eToro’s Knowledge base. If a client wishes to speak to a representative, a ticket is opened and a representative contacts the customer as soon as possible. Customers can choose their customer service representative by clicking on their photograph, which is included with a brief bio of the representative on eToro’s customer service team page. Customer support is currently available by region in the following languages: English, German, Spanish, French and Italian.
eToro CopyTrader Review eToro social trading platform eToro is one of the world’s largest social trading networks, with over 5 million active traders worldwide.Trade 49 currency pairs, including Bitcoin, as well as CFDs on shares, indices and commodities.
1. Follow successful traders eToro’s platform is built around OpenBook, a newsfeed similar in many ways to your Facebook or Twitter newsfeed. Follow successful traders to receive their posts, updates and trading tips. If you are new to Forex and online trading, this is an opportunity to connect and learn from others.
2. Copy their trades Once you’ve found a trader with a strong track record, CopyTrader allows you to automatically copy their trading positions in real-time. Choose between copying all their trades (including all open positions) or just new trades. eToro will also automatically carry over any stop loss and take profit orders. From that moment onwards, your account will mirror theirs until you decide otherwise.
3. Get paid to trade If you build a following, eToro will reward you through its Popular Investor Program. Earn a 2% management fee across your followers’ annual Assets Under Management. In addition, you’re also receive a 100% spread rebate across all your trades. These amounts are in addition to the profits from your own trading activity. Crucially, all Popular Investor earnings are credited monthly and can be withdrawn.
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