eToro.com Review conducted by Fxstay.com experts for those traders want to open trading account with eToro.com broker, In this eToro.com review you will know how to open a Free eToro.com demo account with eToro.com MT4 platform or what is eToro.com Trader app, You will also read about eToro.com Login and eToro fees for deposit adn withdrawal, Read this eToro.com Review to the end before invest with eToro group ltd forex company.
What Is eToro.com Broker?
The eToro Group Ltd was founded in 2007 and is headquartered in Limassol, Cyprus where it is strictly overseen and regulated by the Cyprus Securities and Exchange Commission (CySEC), as well as a number of similarly stringent regulatory agencies in other countries around the world. eToro UK is also overseen by the Financial Conduct Authority of the UK (FCA), Australian Securities and Investments Commissions (ASIC), Commodity Futures Trading Commission (CFTC), Markets in Financial Instruments Directive (MiFID) and the National Futures Association (NFA).
In 2010 eToro.com introduced a totally new concept of social trading to the world of forex which enables traders to easily copy successful trading strategies of more experienced traders. The “OpenBook” social investment platform was created especially for novices in forex trading and allows information sharing of trading and market news and analyses among traders. The OpenBook model allows new investors to engage in forex trading before actually knowing much about it and allows them to learn everything they need to know before actually formulating and placing trades on their own.
The eToro.com broker provides global traders with a variety of options for investing in Contracts for Difference (CFDs) and Exchange Traded Funds (ETFs) on multiple financial assets, including U.S., Spanish and Italian stocks, as well as commodities, indices, precious metals (gold) and energy assets (oil).
In 2014 eToro.com added Bitcoin to its platform’s list of tradeable assets but considers it a “stock” rather than a “currency,” which is contrary to the way most brokers categorize Bitcoin assets. eToro offers CFDs and other derivative products on Bitcoins, which means the investor never actually owns Bitcoins but instead invests in assets that track the price (value) of Bitcoin.
eToro.com Trading Platforms
After the addition and great success of its OpenBook trading platform, eToro improved the functionality of its platform by providing additional trading platforms to use in trading financial assets, which are eToro WebTrader and eToro Mobile Trader.
As previously mentioned, eToro’s OpenBook platform is one of the most popularly used social trading platforms in the world, especially by new investors who are unfamiliar with forex trading. OpenBook’s “Copy Trader” feature allows traders to follow the successful trading of more experienced forex investors by copying their trading techniques and strategies while they endeavor to build their own knowledge of assets and markets.
WebTrader is a web based platform that enables trades using a variety of tools to analyze, research and formulate trades in financial marketplaces around the world. WebTrader can be synchronized to run alongside eToro’s OpenBook feature that allows copying of successful trades of other investors
All features of the eToro trading platform’s website can be accessed using a variety of popular mobile handheld electronic devices via eToro’s Mobile Trader app. The eToro.com mobile app doesn’t currently include all the features of the Copy Trader features, so investors should use the website rather than the eToro.com app for conducting those types of trades.
eToro.com MT4 Download
The MetaTrader 4 (MT4) trading platform is one of the most popularly used for trading forex assets and a lot of investors use it in conjunction with other platforms, many of which offer the opportunity to download the MT4 platform directly from their own websites. This is not the case with eToro.com, which developed its OpenBook proprietary platform in direct competition with the MT4 format.
eToro.com Account Types
The eToro.com forex broker’s trading platform offers three types of trading accounts which are Standard, Islamic and the eToro Demo Account, all of which include access to the full range of assets offered by the firm with minimum account deposit requirements and maximum leverage of 400:1.
Any trader who deposits $20,000 or more into a trading account will receive premium benefits that include a personal Account Manager, direct access to eToro’s trading room, faster withdrawals and personalized Payoneer credit card.
eToro.com Standard Account
The eToro Standard Account is recommended for traders who have some familiarity with the forex industry and trading financial assets and who are ready to deposit investment funds and get started trading in live financial asset marketplaces around the world. The minimum amount required to open this type of account is $50, which allows access to the full range of the e Toro broker.
eToro.com Islamic Account
Traders who want to invest according to Muslim religious principles can open an Islamic Account with a minimum initial deposit of $200, which includes no trade commissions or interest on overnight positions.
eToro Demo Account
Like many forex brokers, eToro offers its clients a Demo Account with up to $100,000 of virtual money to practice trading assets in a virtual scenario before risking real money in active financial trading markets. The eToro.com demo accounts are invaluable features to both novice and seasoned traders alike since it allows investors to familiarize themselves with various assets and the markets in which they are traded and to research trading strategies and practice formulating, placing and tracking trades in a risk free virtual trading environment.
eToro Fees, Commissions, Spreads and Leverage
Lets discuss about eToro Fees, As with most forex brokers, the eToro.com platform does not charge commissions on forex trades but charges a slightly wider spread on assets traded by clients in order to realize profits for the firm.
Typical spreads at eToro start at 2 pips (points in percentage) for USD/JPY currency pairs and 3 pips for USD/CAD, USD/CHF, USD/RUB and EUR/USD pairs. Currency pairs that are less commonly traded have spreads as high as 14 pips and Bitcoin transactions include 1 pip spreads.
Maximum leverage provided by the eToro.com forex broker is 400:1.
eToro.com Deposit and Withdrawal
Investors can deposit funds into eToro.com forex trading accounts using a variety of methods that include credit cards, PayPal, Neteller, WebMoney, MoneyGram, Western Union and electronic fund wire transfers (EFTs). eToro doesn’t charge fees for deposits, but bank and/or other fees may apply depending on the method used for depositing funds.
Withdrawals will only be processed after having verified a trader’s identity using strict international guidelines to protect against money laundering, identity theft and other financial crimes. After verification, minimum withdrawals of $20 are transacted within five (5) days after the request is received. Withdrawal fees are charged by e Toro and vary depending on the amount of the withdrawal between $5 and $25 per transaction.
eToro.com Education Center
The eToro broker includes a number of useful tools and features for enhancing forex trading. Traders have a choice of educational materials that include basic trading guides, training courses and three interactive eCourses designed for every level of trader. Traders can familiarize themselves with the trading platform’s website using live webinars and stay up-to-date with the latest news about assets and markets with trading tips from experts in the financial investment field. The eToro website also contains blogs on a variety of related subjects.
eToro.com Customer Service
The eToro forex broker offers experienced Customer Service representatives who are available 24/5 to assist clients with any problems they may be experiencing related to the website and trading assets. Customer services can be reached via telephone, online live chat or email and are available in a variety of languages including English, Spanish, German, Italian, French, Portuguese, Greek, Dutch, Swedish, Finnish, Polish, Turkish, Russian, Chinese, Japanese and Arabic.
The eToro.com brokerage is easy to use and understand and the platform doesn’t appear to receive complaints about its functionality. The complaints lodged by customers relate to issues regarding fund withdrawals, unauthorized credit card charges, fake “credits,” sharing of personal information, customer support services, account verification and others matters. Before
For login to eToro.com broker or eToro Sign In you can visit the broker website, After sign up you can check your email and do eToro login.
Over the counter exchanges of foreign currencies involve a high level of risk and the possibility of experiencing serious financial losses. The eToro.com broker provides several platforms for trading a variety of assets, but does not accept clients who are based in the United States.
eToro.com Review Conclusion
However the eToro Forex broker is regulated but invest the amount you can afford to lose it as online trading contains risk of losing your money.
By this eToro UK Review now you know all about eToro Login or eToro Fees and eToro Sign In, If you like this eToro Review then share it please.
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