eToro Review
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The simplistic looking website at eToro really caught our eye, especially considering how complicated websites can often be difficult for new traders to understand.
They also have plenty of options that are available which can help you, regardless if you are new to trading or if you have been doing it for quite some time. Some of the options that they have include no commissions, personalized service, a community of active users and easy installation of the platform.
They also give you plenty of practice money whenever you first open the account so that you can get used to the platform. They have somewhat of a complicated process that you have to go through in order to get additional practice money but after the first time, you simply need to ask for more.
Go to the official eToro Platform site >>
Testimonials
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Actual Customer Feedback: “it is great if you are new to FX trading. But if you are a seasoned expert you will need better charts.” “eToro is an innovative Forex trading platform that attempts to simplify the process of buying one currency and selling for another for users.” “The interface is very to the point. This may be off topic, but OMG what I gained in one sitting’s trading this platform: 2887 bucks!” “believe the people who are leaving bad reviews either never used eToro or are scalpers. I wouldn’t recommend scalping with eToro.” “being one of the leaders in forex trading, you can be assured this is a reliable and trusted site” |
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Etoro – Review Detail
| General Trading Features | |
| Minimum Deposit | $50 |
| Minimum Transaction Size | $10000 |
| Non-currency Forex Products | None |
| Currencies Traded | All Major |
| Spreads | From 2 pips |
| Commissions & Charges | |
| Commission free trading? |  |
| Commission free deposits & withdrawals? | |
| Unique Trading Features | |
| Accepted currencies for deposits | US Dollars (USD), Euros (EUR), British Pounds (GBP) |
| Base account currencies | All Major |
| Speedy Buy/Sell | Yes |
| Stop Loss executed exactly on rate | Yes |
| Trading Hours | |
| Customer Access | 24X7 Web Access… Live Customer Support Monday till Friday between 06:00 and 22:00 GMT |
| Normal Trading Hours | Trading closes at Friday, 21:00 GMT and re-opens on Sunday, 22:00 GMT |
| Trading outside normal trading hours | eToro enables you to continue practicing your trading skills on virtual money even if markets are closed or inactive. |
| User’s Interface | |
| 24 x 7 Access | |
| Customer Support | Via Phone, Email and Online Chat |
| Ease of Use | Very User Friendly |
| Online Trading | |
| Web Interface | |
| Website Languages | 10 including English, Spanish, Italian, Portuguese, Russian, Chinese, Arabic, German |
| Supporting Tools | |
| Demo accounts | |
| Live Training | Personal Account Manager |
| Online Chat | |
| Deposits & Withdrawals | |
| Commission on profit withdrawals | None |
| Fund withdrawals to credit-card account | |
| Deposit Facilities | Credit Card, PayPal, Moneybookers, Neteller, Western Union, MoneyGram, Wire Transfer, By phone |
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Support & Customer Service:
eToro has several different contact options available, including phone, email and online chat. These contact options are available Monday through Friday, 6am till 10pm, GMT. They also have a callback feature available, which can be convenient if you do not have time to wait on the line for them to be available, or if you need to talk to someone at a specific time.
Minimum Deposit:
The minimum deposit is $50 but you also have the opportunity to get up to $500 in bonus money so make sure that you look for this option whenever you first open your account.
Payments Accepted:
If you want to have your money credited immediately, you must use PayPal, a major credit card or NeTeller. You can also find your account with a wire transfer, Western Union or money gram but that money will not be available in your account until it is approved by the processor.
Time to Initial Trade:
eToro allows you to begin trading almost immediately upon funding your account but if you use a wire transfer, Western Union or Money Gram, you do need to wait until the processor approves the transaction.
Levels of Experience Welcomed:
Etoro is especially geared towards those who are new at Forex trading. Of course, any level of trader will be able to use their platform but they, by their own admission, assume that everybody who is signing up for an account is a new at trading.
Start Trading with eToro here >>
Conclusion
eToro is a great choice for trading on the Forex market, regardless of your trading experience. You can test them out with a generous test account or jump right in and begin trading.
One of the things that we really enjoyed about Etoro was the no-nonsense design of their website. Some of the platforms that we looked at were so complex that it was difficult to find your way around. Etoro gave us the options that we needed without making us look for them when we needed them.
Please comment below and tell us your real experiences about Etoro.
eToro is a useful platform for the beginners and not only. It is a pity I didn’t find it 2 years ago when I learned about Forex – it is a good place to learn trading. For the experienced traders they have an expert mode with a lot of different features. It is a fun and simple trading solution for any trader.
I also like eToro and trade with them. Do you use their trade insight tool? As far as I assume from the public chat in etoro many traders are using it as an additional infomation for the trading strategy.