ETORO was launched in 2006 under the name RetailFX. This broker is outstanding from a typical binary broker b ecause it is specialized in trading Social You can trade online, product index and currency in ETORO. Their trading platform is easy to use and suitable for both newcomers and experienced investors. On their innovative Openbook trading platform, you can trade in the market index, currency, stock and commodities. The unique feature is “Copy Trading” which allows you to copy the winning strategies of experienced traders. You can also trade via mobile on your smartphone.

Regulation

You don’t have to worry about investing your money in Etoro because there are controls in both the UK and Cyprus. In the United Kingdom, ETORO was controlled by the Financial Conduct Authority (FCA), along with CySEC of Cyprus, under the supervision of the financial instrument market (MIFID). Therefore, ETORO is in accordance with MIFID and is allowed to work in The Geographic Area of ​​the European Union in Cyprus Etoro is under the supervision of the Securities and Exchange Commission of Cyprus (CYSEC), which means that they need to comply with the requirements, such as sufficient funding and separate account treatment. 

Reliability

ETORO confirmed that this service has built a strong reputation as a reliable broker since its debut. In 2006, they were introduced in many leading financial channels, including CNBC, Finance Magnates, Financial Times and Forbes due to controlling both in the UK and Cyprus. Investors will be protected under the FCA and CySEC compensation plan of the United Kingdom. In addition, the money of the investor will be stored in a separate account opened in a famous bank. You don’t have to worry about the safety of the transaction because this broker uses SSL encryption technology to protect important information from hackers. In addition, they comply with business practices, are ethical and transparent and will not share your personal information with third parties without permission from you.

Trading platform

The criticism of ETORO shows that this broker is a pioneer of social trading, which has been enhanced by the Openbook platform, which launched in 2010. The advantage is that you can control the knowledge of other traders. You can see statistics. Trading of other investors, such as trading strategies, profits and real-time marketing status, therefore, you can develop the level of knowledge and learning with this social trading network.

Mobile trading

The mobile app for Android and iPhone devices allows you to view other vendors’ feeds in real-time social networks similar to the OpenBook platform before trading. You can see the price of various tools. Apart from that, you can track your trading account and interact with other investors in the social network.

Type / Trade Tool

You can trade in exchange funds (ETF), currency pairs (Forex), metal commodities, index and stocks. In addition, you can trade Bitcoin as a CFD derivative, unlike other brokers that allow you to exchange Bitcoin as a currency to clarify in ETORO. You can buy and sell Bitcoin as a financial collateral that tracks the price of Cryptocurrency in the open market.

Account type

You can choose 2 types of accounts:

Basic account

  • Leave a minimum $ 50
  • Leave promotion
  • Full access eCourses
  • Exercise account
  • Free webinar

 

Special account

  • Leave a minimum $ 20,000
  • Premium account manager
  • Access to experts of experts
  • Exercise account
  • Full access eCourses
  • Free webinar
  • Leave promotion

 

Trial account

Open the sample account easily by giving your email and you will receive $ 100,000 as a virtual money. Use a trial account to learn the ropes and try using financial strategies without having to invest with real money. Test the trading platform, features and services of the broker to decide whether or not to suit your needs.

Islamic / Swap free account

Suite or Islamic trading accounts provide services to investors who want to comply with Islamic principles.

Spread and commissions

ETORO does not charge commissions or annual fees from traders but will charge the difference from the price from the market. Moreover, this broker also guarantees that investors will not be damaged when trading.

Bank information

You can deposit funding in your account safely using the following methods: Credit / Debit, Paypal, Bank Transfer, Neteller, Giropay, Webmoney, Skrill, Yandex, Wirecard or China Union Pay. Withdrawal can be done. Through PayPal and credit card transfers You can withdraw money using the same method as depositing. The processing time for the withdrawal is one business day.

Promotion and bonus

ETORO does not give the original bonus. But they have a program called “Popular investor” that allows traders who allow others to repeat his trading to earn up to 2% of annual assets, managed under their work. This income, in addition to other profits that traders may make. Moreover, popular investors also receive 100% redundant discounts from all their trades.

Customer support

ETORO offers 24/5 customer support via phone, email and fax. They provide many language help to help investors in countries that do not use English.

Conclude

On the positive side, there is a simple trading platform, no slip, a variety of financial instruments, low deposit, low deposit, demonstration and social trading, innovative and copy trade features. On the other hand, there is no choice when it comes to the trading platform and there is no customer support on weekends. In summary, we recommend that you try eToro to get a feeling about innovative social trading networks and learn from your friends to enhance your knowledge and experience.