eToro

Telephone: +44 (0) 203 150 0308
Established: 2006
Regulation: CySEC, FCA
U.S. Clients Allowed: NO

Min Initial Deposit: £50
Max Leverage: 400:1
Spreads From (EUR/USD):3 Pips (no fixed fees)
Pairs Offered: Over 1000

Etoro Review

Introduction

EToro is one of the most famous companies for social trading, counting about 5 million users in over 170 countries. It cointains one of the largest financial trading communities in the world and users can even choose the Islamic account option, rather than the standard one, in order to feel free to trade according to the Shariah laws. Among its most interesting features you can find mobile apps and stocks trading..

Trading Platforms

eToro platform offers a variety of trading options:
eToro OpenBook, a simplified platform based on crowd generated data and trader performance, perfect for beginners;
eToro WebTrader option, which users can select to copy the positions of the successful traders they choose;
The eToro Copy Funds new integration for investments, which includes the categories Market CopyFunds (including any asset or commodity and excluding physical persons) and Top Trader CopyFunds (which includes only real traders).
Traders can also buy and sell stock via mobile devices thanks to the eToro mobile app.

Deposits/Withdrawals

The minimum deposit requested for a standard trading account is $50, €50, £50 while for an Islamic account is $1000, €1000, £1000. However it may also vary depending on the payment method selected. Trading is allowed in US dollars, so any other currency will be converted at the prevailing exchange rate upon receipt.
Withdrawals are quite straightforward and can be made with the same payment option selected for the deposit.

Customer Support

Customer support is offered 24/5 via phone, chat or email in different languages (English, German, French, German and Italian) and has very positive reviews.

Conclusion

eToro is a unique broker thanks to its variety of trading options, the chance to copy successful traders, its efficient customer support and the low minimum deposit requested. Moreover, it’s like a social network and very easy to use, also for beginners.

Please be aware that trading itself may involve risk, thus make sure to not risk any capital you are not prepared to lose.