eToro Review conducted by ForexSQ experts for those traders want to open trading account with eToro.com broker, In this eToro UK review you will know how to open a Free eToro demo account with eToro MT4 platform or what is eToro Trader app, You will also read about eToro Login and eToro fees for deposit adn withdrawal, Read this eToro Review to the end before invest with eToro group ltd forex company.
eToro Review By ForexSQ
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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 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. e-Toro 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.
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
eToro Trader App
While ForexSQ experts conducted this eToro review 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 mobile app doesn’t currently include all the features of the Copy Trader features, so investors should use the website rather than the mobile app for conducting those types of trades.
eToro MT4 Download
Currently the etoro broker dose not provides the MetaTrader 4 (MT4) trading platform, if in the future the etoro MT4 download available then this etoro review will be update.
The eToro forex broker is growing exponentially in the international world of financial investments and gaining popularity because of its OpenBook feature that includes the CopyTrader option for following and copying successful trades of more experienced investors.
The eToro.com broker encourages sharing among its clients to connect with each other, learn and make trades using valuable shared information. The website lists its top ranked traders on its home page along with win ratios, gain percentages and number of copiers imitating trading activities. Copy Trader allows investors to quickly and easily adopt the trading techniques of the platform’s most successful traders and those copied trades automatically appear in the trader’s account for simple and transparent account and trade management.
Its Personal Investment Program feature allows the broker traders to build their investment portfolios with accumulated trades in a variety of markets to supplement incomes with trading profits.
The trading options offered by the eToro trading platform are numerous and include the following:
One click automated trading from all screens
Guaranteed Fill, Limit, Trailing and Stop Loss orders
Trading from charts
Interest on margin
Hedging and Scalping are permitted
Expert market commentary
Mobile and email alerts
Streaming market news feed
Personal investment portfolio
Statistics and risk levels
The e Toro 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.
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.
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
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While ForexSQ experts conducted this eToro review the broker 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. 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 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 forex broker is 400:1.
eToro Deposit and Withdrawal
Investors can deposit funds into eToro 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.
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The eToro broker offers varying incentives in the form of promotions and bonuses that have in the past included a refer-a-friend bonus of $100 per new account referral up to a maximum of $1000. Each new referral receives a bonus $200 deposit after opening a trading account.
After a trader gets the first and fifth copier of his or her trades, he or she becomes a leader in the social investment network community and receives up to 50% in e-Toro credits, depending on deposit amounts. Check the platform’s website for the latest promotional opportunities.
While ForexSQ experts conducted this eToro review the 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 website also contains blogs on a variety of related subjects.
The e Toro 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 e Toro 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 broker provides several platforms for trading a variety of assets, but does not accept clients who are based in the United States.
eToro Review Conclusion
However the eToro UK 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 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 and help other traders to read this eToro review before open account with this broker.