eToro Review
eToro has developed a unique Forex trading software, fitting both novice and experienced traders alike. Its user friendly trading interface, and various trading features make the vast world of Forex trading accessible to new traders. eToro`s easy to use platform makes foreign exchange trading almost entirely intuitive, through its extensive use of trade visualization. eToro`s platform is also designed to make Forex trading a community oriented experience, with such features as private and public chats, forums and championships.
eToro for beginners:
eToro gives a great opportunity to the novice traders to practice and develop their trading skill on the free demo accounts. It enables them to learn the tough lessons of online trading without risking any of their money. This way, beginners can get a fundamental understanding of the Forex trading before they go for real money trading. In addition eToro provides its traders with easy for understanding and analyzing charts and trading features. Here you will find step by step instructions, tutorials, professional support and creative graphic representations of trading activity.
eToro for experienced traders:
eToro`s forward thinking approach combines all the advantages of the Forex market, namely its scale, its liquidity and its extent of opportunity, with all the advantages of online technology, in order to create a user friendly access to an enormous and complex industry. eToro provides you with a advanced trading features that will make your trading accurate and professional. Overall, eToro has produced the ultimate trading environment, where one can learn, develop, communicate, and grow according to one`s individual needs.
eToro OpenBook:
Every eToro trader (real or demo) has a free access to eToro’s social trading network OpenBook. In the OpenBook application you can see trading profiles of all eToro real traders with all important data about their trading strategy: gain/profit, trading frequency, traded instruments, leverage, etc. The eToro OpenBook allows you to rank traders’ profiles to find the most successful traders in eToro trading network. Once you find your favorite traders you can follow and automatically copy all their trading positions in your eToro trading account. From now on you don’t have to spend hours by analyzing the market to figure out what to trade. eToro guru traders can do it for you! You just need to choose which traders you want to copy.
eToro’s features:
Broker type: ECN broker (not a Market Maker)
Min. deposit: $50
Bonus: up to $10,000 for first deposit
Community: private and public chats, forums, demo and real trading championships with cash prizes.
Trading: Forex (17 major currency pairs), Commodities (Gold, Silver, Oil), Indices.
Trading instruments: different types of orders, charts, graphs, top 100 trading insight, news, calendar, technical analysis instruments.
Deposit methods: Credit Card (Master and Visa), Paypal, Moneybookers, Neteller, Wire Tradinsfer, Western Union, Webmoney.
Withdrawal methods: Credit Card (Master and Visa), Paypal, Moneybookers, Neteller, Webmoney, Wire Transfer.
Regulation: eToro’s brokerage services are provided by the fully regulated brokers: Retail FX (Cysec regulation), FX Solution (NFA regulation), ICMarkets (ASIC regulation).
Teaching: eToro provides the depositing traders with a professional full Forex trading training e-Course.
2 million traders have already joined eToro!
Click here to visit eToro’s website!
Related Articles:
eToro OpenBook – See, Follow and Copy The Best Traders
eToro – Perfect Choice For Both Pro And Novice Traders
|
I am already trading with eToro and want to say that it is a very friendly and nice trading platform. The support is good and the withdrawals are fast enough. You will have to send some copies of your documents in order to withdraw your funds though.
eToro Webtrader is very easy to use and can be opened on the iPad. So when I am sitting in the cafe during a lunch break, I take my iPad with me to check my trades
I equare about this broker. I read many good revews about etoro in the internet. Now I trade in demo of etoro.
I joined eToro about a half a year ago. So far so good. Made some profits in my real account and successfully withdrew my money to Paypal. What I like about etoro is that the platform interface is good looking and easy to use. It takes few seconds to open a trade and close it. for such an eager for profits trader like me, this is a great feature. There are also trading championships. if you make good profits during a week, you see what place you are in the championsh every week and receive real money to your trading account as a prize you win.
I am a Malaysian n if I open an account n trade with etoro pls clarify the following:
a)can I opened an account through a bank
b)if I do make a profit,can I withdraw.any restrictions by MAS(Monetary Authority of Singapore)
c)can I get more info on the company-etoro
Hi Mohd Hussain Bin Ismail,
You can register for eToro trading account and fund it through your bank, by wire transfer. You will get the instructions of how to transfer the funds inside your eToro trading account cashier.
There are no any MAS restrictions in order to withdraw your funds from eToro trading account. Do it according to eToro’s rules stated on their website.
You are welcome to visit eToro’s website and contact their support team for any questions about the company.
We wish you successful trading, Admin
may I know what is ECN and market maker?
Is market maker better or ECN?
thank u?
Hi Lengsanoo,
We have just published a new article about the ECN brokers: http://tradinginsingapore.com/brokers/ecn-forex-broker-main-features-of-ecn-system/
We hope it will help you and other traders learn more about different types of brokers and make a correct choice of a Forex broker.
admin,
from my understanding an ECN broker uses a trading platform client (i.e. metatrader, etc..) rather than using web based interface for trading.
would u be able to clarify this?
Hi Bryan,
A trading software/platform that a broker is using doesn’t tell if the broker is a market maker or an ECN broker. The type of a broker is distinguished by the way the broker operates. A metatrader platform or a web based platform may be used by both market maker and ECN brokers.
Let me know if you have more questions.
Admin
may I know do you have shariah or islamic trading account?how much do I need to trade mini account?Thank you.
eToro’s real accounts are islamic trading accounts. In order to trade mini lots, every trader may choose the size of a lot before opening a trading position.
Hi,
i see from the withdrawal FAQ from etoro, for the first time of withdrawal there are some documents we need to scanned and submit to you guys. The documents can it be like
- Identification Card ( both side)
- phone bill
Hi Eddie,
like all other legitimate and regulated brokers, eToro traders are required to send copies of necessary documents for the first withdrawal: the trader’s ID (copy of a passport or driving licence), utility bill (phone, water or electricity bill) and a copy of the credit card only if it was used for depositing of a trading account.
This process is done to verify an ownership of a trading account and increase the security of traders’ investments.
hi i opened and account in etoro but i haven’t funded my account yet. I am still thinking of which way that my fund will be credited fast so i can immediately trade. As per the option given by etoro to fund the account it seems that the credit card is the fastest way to do so. My question is as singapore credit card is barred from having forex transaction is it possible if i could ask my friend who is a Filipino and has a philippines credit card to fund my account using her credit card?
Hi Gina,
eToro offers different methods of quick funding of a trading account. Beside a credit card you can use Paypal, Moneybookers or Webmoney that allows to transfer the funds within a minute and start trading. Good luck!
Admin