eToro review – Top Social Trading Platform: Is eToro a Scam or Not?

The content does not apply to US users.

etoro review and User Ratings -The core of the eToro platform is based on copying trades from most successful traders. Founded in 2007,eToro is now largest social trading platform available in online social trading. The New eToro” launched on November

The New eToro” launched on November 5th, 2015 which merged their old OpenBook social trading platform and etoro WebTrader trading platform. The new platform is also fully mobile response, giving you the same seamless experience across all devices (PC, tablet or mobile phone).

eToro trading platform – Simple to use trading platforms

When comes to the social trading then the trading platform becomes the most important factor from many other factors. eToro trading platform is simple and most user-friendly platforms, simplicity the ease of the platform is the key point to ensuring all investors can trade efficiently. eToro pride themselves on always keeping simplicity in mind. eToro trading platforms is very flexible that provide fast and easy access to the financial markets.

eToro is one of the largest platforms for copy trading and quite popular among every level of trading experience. eToro provides a unique combination of simple to use social trading platforms – from home and on the go to over 4 million trading community.

eToro’s CopyTrader system where you can easily find and start trading by automatically copying the full portfolio of other successful expert traders on the eToro social platform.

With so many brokers available, traders will have to find the one that offers the most benefits.

At eToro Social Trading platform, traders will enjoy several advantages, such as the ability to copy and follow experts with eToro Openbook.

etoro review: Pros

Unique simple interface
Well integrated social trading network, trade execution interface and broker
eToro offers free, fully functional demo account
Integrated risk and money management features
Trades copied proportionally
Very convenient display of historic performance data and figures
You can trade/copy currencies and major indices and commodities, bitcoin trading (gas, gold and silver) and shares and ETFs
It has very active social network and excellent training and e-course learning materials
Etoro has low slippage
And most noteworthy the “Popular Investors” you can copy all display their real and verified full name and photo
traders, you copy risk their own money
A very advanced ‘Popular Investor’ dashboard and large customer base which helps in attracting ‘real successful professional traders’
CopyPortfolio – i.e. so, copy a basket of other traders or financial instruments

etoro review: Cons

eToro inability to easily view the full history of all the previous trades by the “Popular Investors”
No MT4 platform available
The lowest spread supported by eToro is two pips
for every good performing trader to choose from, there are still plenty of poor ones (most are also longer term traders)
Trader Finder/Discover People functionality needs improving which is especially relevant.

etoro review: General Information

Official Name	eToro
Website URL	www.etoro.com/
Founded in	Since 2007
Headquarters	eToro (Europe) Ltd. 7 Omirou St., 2nd Floor 3095 Limassol, Cyprus
Broker Yype	CFD
Language Covered	Arabic, Dutch, English, Finnish, French, German, Greek, Hungarian, Italian, Japanese, Korean, Norwegian, Portuguese, Russian, Spanish, Swedish
Spread Pip	3 pip
Spread type
Maximum Leverage	30:1
Platforms	eToro Platform, eToro Mobile Trader
Demo Account	Yes
Open Demo account
Payments Methods	Credit/debit cards, Giropay, Neteller, PayPal, Skrill (Moneybookers), WebMoney, Wire Transfer
Minimum Deposit
Min lot size	0.1

eToro review : Regulations

eToro is regulated by ASIC, FCA, CySEC

In the UK, eToro operating through eToro (UK) Ltd and registered by the UK’s Financial Conduct Authority (FCA) under the FCA reference number 583263. Since both CySEC and the FCA operate under the Markets in Financial Instruments Directive (MiFID), this means eToro is a MiFID compliant broker and is authorised to operate within the Eurozone.
In Cyprus, eToro comes under the jurisdiction of the Cyprus Securities Exchange Commission (CySEC). Licensed under the Cyprus Investment Firm (CIF) license number 109/10, eToro complies with strict regulatory requirements such as operating with adequate capitalisation and maintaining segregated accounts for their clients’ funds.

etoro review – How to Follow And Copy The best Traders

So, almost over 3 million successful traders to choose from. You can follow and interact with other traders and can copy multiple traders to grow your portfolio. So, use the eToro OpenBook People page to find and filter eToro’s best traders and make sure to check the traders’ profiles and take note of their portfolios.Maybe trading stats, and the number of copiers. So, If you prefer to base your copy trading portfolio on specific markets, use the eToro OpenBook’s Markets page to see which investors are trading in the market of your choice.

Your Social Investment Network

Support

At eToro, customer support department is always available. Furthermore, the company is dedicated to serving all traders.

Much as eToro provides support to their Traders via Email, FAX and Live Chat. In addition also from interactive Q/A section where traders can find answers for general enquiries via the eToropedia section.

Live Support: 24/5 Live Chart (Weekdays)

Email: [email protected] , [email protected] ,

FAX: +44-866-350-0881

etoro review Conclusion – Should I Trade at eToro?

In conclusion, in our eToro review and we have found out many interesting facts about social trading.

It provides a good testing ground for beginners. And eToro can offer accounts to you regardless of your geo-location. due to the fact that it is regulated in numerous countries. However, if you are an experienced trader who likes to exploit tiny spreads, eToro, with its two pip minimum. Probably you may not be looking for. Hence, consequently here is quick round up, eToro social trading has to offer.

An excellent for beginners to start trading
Offers many great features to become a better trader
eToro trading platform is compatible with all platforms (windows, mac, mobile)
eToro has small minimum deposit to start social trading, so get started
Much as it provides a good testing ground for beginners. so less risk
eToro demo account is point to start, so great way to start

Disclaimer

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

Overnight and weekend fees still apply. Past performance is not an indication of future results.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.