eToro Broker Review

Min. Deposit EUR/USD Regulator  
$50 3 Pips CySec
 

Funding methods:

eToro Broker Review funding methods

eToro Corporate History

eToro was launched in 2006 by three young professionals and has introduced a revolutionary new forex trading platform that essentially animates trades in a fun and competitive environment. eToro performs its retail forex operations under the corporate name of eToro, and the firm is headquartered in Cyprus. The U.S. branch of the firm, eToroUSA, provides an online trading platform operated by Tradonomi, LLC.

Broker Features

Trader Accounts

Standard Account

eToro VIP Premium Account

Demo Account

Current Bonuses

Transactions

Order Types

Deposits

Withdrawals

Trading Platform

eToro's trading platform presents a new concept in educational trading platforms by using animations and games that make the currency market both fun and accessible to almost anyone. Different currencies vie against each other in running marathons and other competitive events as animations on your trading screen. Users can trade with sumo wrestlers or cowboys and can even participate in competitions, chat and paper trade, as well as trade with real money.

The platform offers step-by-step instructions to get started and features several trading arenas such as Forex Match, Forex Marathon, Dollar Trend and Globe Trader. In addition, the platform offers a Trading Log for users to keep track of their trades, chats where users can discuss matters with friends and fellow traders, and a Championship mode where users can win money.

eToro Trading Platform

eToro Webtrader Online Platform

Customer Support

eToro provides answers to a good selection of common questions online, in addition to quality trading support via phone, e-mail and live chat. In addition, local telephone numbers for countries in Europe, Asia, North and South America, Australia and the Middle East gives customers phone support coverage throughout the world.

Educational

eToro's educational resources include a comprehensive forex guide for beginners as a downloadable e-book in PDF format. The guide gives users the same information base available with an expensive forex course, only for free. The online eToro homepage features the eToro platform user's guide and links to tutorial videos.

Technical Analysis

eToro offers its clients technical analysis through its Webtrader online platform with advanced chart indicators. The software has almost every technical analysis indicator available, from simple and exponential moving averages to Bollinger Bands and the Stochastic Oscillator.

Market News and Data

Safety

Regulatory Compliance

eToro submits to regulation by the CySEC in Cyprus that keeps to E.U. standards. In the United States, eToro is registered with the CFTC and is also an NFA member with NFA ID#:0382918. The forex broker commits to upholding the highest standards and business practices and subjects itself to strict financial reporting and regulatory requirements.

Fund Safety

Customer funds are securely held in a client fund by International Capital Markets, based in Sydney, Australia.

Data Security

eToro uses standard secure socket layer (SSL) technology for data encryption, and this provides their customers with the best e-commerce data security available. Furthermore, eToro's privacy policy states clearly that client data on credit history, net worth, or other personal information is never shared with any person or institution.

Conclusion

eToro provides a unique solution in online forex trading with an extremely accessible trading platform full of educational features. The animated features of this trading interface give even the novice trader an amusingly clear idea of how currency pairs are traded in the forex market.

Also, traders can open demo accounts with unlimited virtual money to trade and learn about trading forex. In addition, an account at eToro can be opened with as little as $50 and leverage can vary according to each trader's specifications from 5:1 to 400:1.

Basically, eToro ranks among the best online forex brokers for all levels of forex traders.

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