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Review Summary |
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| eToro is an innovative Forex trading platform that attempts to simplify Forex trading by using simple interface and user-friendly trading tools. |
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- Graphic trade visualizations,
- Personal trading coaches and guided tutorials,
- Spreads as low as 2 pips,
- 24 hours support throughout the trading hours,
- Trading challenges for real as well as demo traders,
- Various First Time Deposite bonuses
- Automatic execution to make trading safer and profitable,
- Provides comission free trading experience,
- Micro lot tradings,
- Platform in 13 languages
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- Computer configuration may not support the software installation
- Platform does not offer tools required for advanced users or experienced traders
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Company Info |
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13, Grigoriou Xenopoulou Str.,
Elegant house, Suite 103,
3101-Ayios Nicolaos,
Limassol, Cyprus
Website: www.etoro.com
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eToro is a Forex platform that is both simple and easy to use, it offers both web based and software based treading platform for traders. It may not have the functionality offered by other professional platforms, such as conditional order types, automated trading etc. or access to exotic currencies and other instruments, but it is a very good entry-level forex platform.
Visit eToro Website>>
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eToro’s Promotions : |
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eToro’s First Time Deposite Bonuses:
First deposit $100- $399, get $25 bonus
First deposit $400 – $999, get $100 bonus
First deposit $1000 - $4,999, get $250 bonus
First deposit $5,000 - $9,999, get $500 bonus
First deposit $10,000 or more $1000 bonus
Learn More About eToro Bonuses Here>>
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Quick Stats : |
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Trading Platform(s)
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eToro Platform
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| Account Types |
Bronze, Silver, Gold, VIP |
Dealing Desk
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Market Maker (MM)
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Pairs Offered
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11 |
Regulation
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NFA - National Futures Association |
Free Demo Account
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Yes
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Lowest Spread
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EUR/USD 2 pips
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Min Intial Deposite (Mini/Standard)
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US $50 |
Account Funding Methods
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Wire/Credit card/Western Union/Paypal/Debit Card/Bank Transfer
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| Scalping |
Yes |
| Hedging |
Yes |
Traling Stops
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No |
| Live Chat |
Yes |
| Fund Withdrawals To Credit card account |
Yes |
| Gold Trading |
Yes |
| Silver Trading |
Yes |
| Languages |
English • Russian • Farsi • Mandarin • Turkish • Urdu • French • Arabic |
| Types of Spread |
Fixed |
| Leverage Ratio |
1:5, 1:10, 1:25, 1:50, 1:100, 1:200, 1:400 |
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Customer Feedbacks For eToro: |
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“I downloaded this program a few weeks ago, I’m still taking my time getting to know it but it seems to be working ok. I got an account manager who’s taking care of me and he gave me some tips that made me some money.
So far I’m enjoying it....
~Portion of actual user comment on forextopten.com
“Super Poor Unreliable System. Always down especially during 3 major market opening. Slippage high during volatile times. execution slow...
~Portion of actual user comment on forexpeacearmy.com/
“Good and stable trading system. Support very helpful. Have been with them for 3 months and very happy so far..
~Portion of actual user comment on forexf1.com
“I've been trading with etoro for almost a year and only had a few minor problems which were always fixed promptly. The first time I withdrawn money it took longer, but afterwards withdrawals were quick. eToro is a great platform and I highly recommend it to all traders.....
~Portion of actual user comment on forexf1.com
"Good for beginners. It is in the form of a forex game. It puts the fun back into trading...
~Portion of actual user comment on forexf1.com
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Ease Of Use
Intuitive simple interface and user friendly tools and graphics make it easy for begginers
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Low Account Minimum And Low Spreads
A user can start trading with just $50 in account, features remain the same for all account types.Spreads are as low as 2 pips.
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Attractive Bonus
eToro offers attractive deposit bonuses upto $1000 for fist time depositers based on deposite amount
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Practice Account And Micro Lot Tradings
Their practice account helps you understand trading without the risk of loosing “real money". With newly introduced micro lot trading, traders can now open trades with as little as $2.5 of intial investment! This can be huge advantage for novice traders as trading with real money can be very different than virtual money. With micro lot trading, traders can open more trades and practice better money management with smaller investments. |
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Guided tutorials And Weekly Trading Challenges
eToro also provides guided tutorials and arrange weekly trading challenges for real as well as demo traders. Bigger your profits, the bigger your cash prize. This can be great learning experience for novice traders and at same time fun for experienced traders.
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24 Hour Trader Support
Their dedicated 24 hour customer support staff assists both novice and experience trader efficiently.
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Personal Trading Coches
eToro offer personal trading coches who coach you regarding profitable trading. |
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Dislike |
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Software Incompatibility
One real time problem the users may face is that their computer configuration may not support the software installation. With this compatibility issue users cannot use the trading platform.
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Trading Issues reported by customers
Many customers claim of website crashes at peak hours.
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Sluggish Interface And No Auto Trading
With the platform designed for begginers, the interface looks very simple and offers no advanced tools portraying Forex trading to be very simple and less complicated. There is no support for auto trading facility which are big concern for very advanced traders.
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Bottom Line |
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eToro has desinged a revolutionary forex platform to make forex trading as easy as possible. If you are beginner trader who is trying to learn forex trading, eToro must be your 1st choice. At same time if you are an experienced trader, it provides enough tools and expert mode trading option to suit your trading style.
Click Here To Visit eToro Website>>
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