eToro Review

eToro 

eToro is nothing like the stodgy Brokerage FIRMS May you be familiar With. The company Provides what it calls a social trading platform You With That connects millions of other currency traders. Using this social trading platform, you can copy other traders, search for trading gurus, follow other traders and post comments. OpenBook is a cross Between Facebook and Twitter, but for foreign exchange traders. It presents a live feed with buy / sell activity as well as a list of the top performers and Their Percentages gain. OpenBook is a great tool for helping new traders monitor the market and learn from others.

The market maker broker eToro only requires a minimum deposit of $ 50 to open an account and a minimum transaction size of 1,000 units per order. Leverage ratios vary Depending on where you are trading from. The U.S. limits leverage to 50:1, but from other countries country, traders can leverage up to 400:1 with eToro. However, This only supports forex broker spreads down to two pips, Whereas many brokers now go as low as 0.1 pips. eToro does offer Islamic accounts and Takes deposits in USD, EUR and GBP.

This Fx broker is regulated by regulating multitude numerous agencies in the UK, Germany, Denmark, the United States and Australia. It can offer cross-border services to members of the European Union. Clients from Asia Pacific and Australia trade through IC Markets Ltd, que is licensed by The Australian Securities and Investments Commission (ASIC). In the U.S., eToroUSA is operated by Tradonomi LLC, que acts as an introducing broker to Institutional Liquidity (ILQ). eToroUSA and ILQ are regulated by the Commodity Futures Trading Commission (CFTC) and are members of the National Futures Association (NFA).

The trading platforms provided by eToro OpenBook include, WebTrader, Copy.Me, an Android-based trading platform and Mobile Trader. OpenBook is the social networking portion of eToro, que you can use to copy trades and not interact with other traders. Synchronizes with OpenBook and WebTrader Provides analysis and charting tools. Copy.Me Allows traders to copy the orders Placed by other traders. The mobile versions produce live feeds, access to your portfolio, copy tools and more.

eToro Provides customer support via telephone, email and instant chat. Broker offices are located in the Virgin Islands, New York, Cyprus and New South Wales. Telephone support is offered Preferred in more than fifteen countries country, including the United States, Brazil, the United Kingdom, Russia and Malaysia. For training, eToro Provides what it calls a Trading Academy, que includes webinars, videos, trading tips, eCourses and more.


eToro Summary: 9.1/10