Visit eToro Website
Download Demo
eToro Review
Unique Features of Trading with eToro
The eToro forex trading platform is designed for traders with little or no experience in trading currencies. eToro’s website states explicitly that the company aims to specialize in the retail section of the forex market. Thus the firm offers the best tools for facilitating the new career of the beginning trader with the most accommodating and user-friendly approach. The eToro philosophy has the goal of connecting the international world of finance and currency trading with the retail trader at the most basic level.
Account Types
Since many beginning traders have little understanding of the forex market, in order to help its clients manage risks better, eToro requires a very low $50 minimum for account deposits, with leverage options beginning at at 1:10 and reaching to 1:400.
Deposits and withdrawals
eToro is very flexible about client deposits. MoneyGram, WesternUnion, Neteller, PayPal, WebMoney are accepted channels for account funding , along with the standard credit card deposits and wire transfers. The minimum deposit with a credit card, PayPal, Neteller, WebMoney or Moneybookers account is $50, and it is $500 with WesternUnion, MoneyGram, and wire transfers. The eToro website offers extensive help and guidance on client deposits. Withdrawal of funds is equally easy, and the filling and submittal of an online form is the only necessity.
Trading Platform
eToro’s trading platform is the most unique in the forex universe. The game like interface, currencies that run marathons, pull ropes or wrestle with each other, the cowboys and sumo wrestlers who fight as your trades move into the red or black, all bring a whole new experience of entertainment and excitement to currency trading. We all know that stress is one of the vicious enemies of a trader; eToro aims to eliminate, or at least reduce the stressful aspect of currency trading with this innovative approach to trading. In order to avoid overwhelming a beginning trader with a vast array of charts and tools for which he will have little use, eToro’s platform is kept clean and clear, with only the most important data displayed to help the trader evaluate market developments better. The most important feature of the eToro forex platform is its user-friendliness: an uncluttered screen helps the trader focus on the price action itself while using low leverage and risking little, until he is able interpret the numerous conflicting signals generated by the bulky technical packages offered by other firms. The trading platform is updated regularly, as the firm is committed to bringing the retail forex community the most satisfying experience through the most up-to-date software in the market. Finally, to ensure that the trader doesn’t suffer unexpected large losses due to neglect or anxiety, the platform will automatically enter a stop-loss order on any new trade that is ordered.
Beginner’s Education
eToro is committed to bringing the easiest and most rewarding forex trading experience to beginners. As such, it offers numerous online tutorials, trading guides, along with the usual demo account. Since eToro is also a community with an active online trading forum, with features public and private chat opportunities, along with extensive networking capabilities, the beginning trader will have more than enough choices for the tools he will use to better his skills. The support staff, forums, and numerous online guides and tutorials contribute to a quicker learning period for the beginner. Since the firm’s stated purpose is to help the beginners get used to trading with the shortest and lightest trouble, there is a wide array of tools with which the beginner can improve his trading skills.
Security and Privacy
To ensure the safety of customer funds, eToro uses industry standard Secure Socket Layering (SSL) technology for encryption of data. eToro doesn’t share crdit history, net worth, or other related income data with any other institution. Operated by leading online forex brokers, the technical staff who develop and innovate on the eToro platform is committed to bringing you the best spreads with the most precise and timely trade executions.
Conclusion
eToro is certainly one of the best offers in the market for the beginning trader. Flexible leverage options, a very low minimum deposit requirement all ensure that the inevitable failures of the beginner can be accommodated without suffering. The user-friendly, fun, and exciting presentation of the eToro trading software may reduce the stress that you’ll suffer as you get used to trading. It’s hard to laugh when your trading strategy or method is proven to be wrong, but with eToro, you’ll always be able to take it easy, just as you should. As the emotional burden of trading is reduced, the beginning trader can concentrate on honing his skills, and refining his methods: there’s no other approach out there that will contribute more to this aspect of your career. Obviously, an experienced trader will have less need of some of the most striking advantages offered by eToro. Still, even the seasoned traders should give eToro a chance to help alleviate the stress of trading: a light attitude, and good humor are always good in life, whether you’re a retail trader of forex, or a trader of the fortunes of humanity, like the US President.
eToro Feedbacks:
Rating: Submitted by: deng z (13.10.2008 17:31) |
| their platform is easy to use , I made 2000 USD in 2 hours time, however, they called me to warm me that they will close my account cos i have trading too fast and use very high leverage 1:400. they ask me to use 1:100 and close a trade in 15 or more minutes. and my account balance is still shown 178 USD profit dispite i have been shown as top 3 trader today and made 21xx.xxUSD today on their challenge chart. I called but my representitive has gone home, I need to get back to them tomorrow. I will make a review tomorrow depends on how they respond me, as far as I consider, they are legit but don\'t want you to make profit at all. |
| Rating: SCAM Submitted by: musicjustine, deng z (14.10.2008 10:59) |
| it is a big scam, you only loss not gain!!! yes, I did made 2800usd in one day. so what, they charge me very heavy commission !!! so actually after the heavy commission fee i made 100 usd . yeah!!!!!!! what a day. don\'t even know if they let me withdraw or not!!!!!! these guys are fake as sh*t. stay away from them! |
| Rating: SCAM Submitted by: deng z (14.10.2008 21:25) |
| OK, i can tell you they are scam, i can\'t get money back .i will report to paypal and EU internet watch. they think they clear. they are going to hell |
Rating: Submitted by: jackie (21.10.2008 08:20) |
| looks good, slow support to the guy before me dang, i heard from a friend it happen to him too and they explain to him he was scalping and he should make longer trades, he made about 4000$ since and cashed about 1500$ so i don\'t think they are scam, but as i said they have slow support |
| Rating: Submitted by: popi (30.12.2008 09:19) |
| I am for indonesia, I think all company scam in here not scam for me why???? because I just make withdraw daily with small amount , I join with more than 10 broker now like fxpro, etoro, fxcast ,etc in daily I just make withdraw 100 USD from each broker, when my balance have reaches 5000 USD I am opened account again with another broker in a month I can make nmore than 20000 USD, it is very much money from me so my advice, if you want broker forex stole your money , don\'t stole money from them, like make profit 2000 USD in one days and withdraw it your broker will not get back your money I just make big deposit for broker from Indonsia like www.mifx.com, because I can make control to this broker |
| Rating: Submitted by: Martin (03.03.2009 13:00) |
| slow support, poor IE based flash software only |
Rating: Submitted by: Ihab (17.03.2009 05:09) |
| I deposited $750 and cashed out $100 so far. it took me a long time, I don't believe the ones here that say they made a $1000 in one day. My account manager gave me some excellent tips and made me some money, I think they are a very good company. Ihab, UAE |
| Rating: Submitted by: schlafstunde (18.03.2009 09:31) |
| seit kurzen habe ich mein trading Konto bei eToro eroeffnet. Ich bin positive ueberrascht und sehr zufrieden mit der Plattform und dem Service. |
| Rating: SCAM Submitted by: Bibi (07.05.2009 11:34) |
| hi everybody for me eToro is a scam,because I trieded to whithdrawal my money few times and they always said there are something wrong and never did it |
| Rating: SCAM Submitted by: Micheal (23.05.2009 08:32) |
| Avoid Etoro at all cost. Real traders will tell you that. Etoro has a highly innovative trading platform, which is by far the only best feature they have. The downfall starts from there. The trading platorm is really very slow, hangs up during live trades as well as during trade execution, charts are very unreliable, and shows incorrect data, and the list goes on. Etoro increases the risk factor by about 10 times for forex trading. If you are looking to learn, etoro is good to get the basics right, but Etoro is not at all recommended for serious traders who have value for their money. |
| Rating: Submitted by: Nagendra Singh Bhati (03.06.2009 04:31) |
| It is very innovative forex platform. |
| Rating: Submitted by: Jason (23.06.2009 20:30) |
| Tried eToro for ten minutes after downloading. It looks very basic. Nothing is professional about it. There are plenty superior platforms out there like Oanda or any Mt4. Why one chose eToro? A mistery. |
| Rating: Submitted by: maxi (08.07.2009 08:32) |
| eToro is the best trading platform for Forex. I earned a lot of money there. |
| Rating: Not Rated Submitted by: Rob (16.10.2009 23:07) |
| E TORO IS BIG GAMBLING AND SCAM COMPANY STAY AWY |
| Rating: SCAM Submitted by: Walter (24.10.2009 23:49) |
| Big gambling and scam try to get profit |
| Rating: Submitted by: observer (15.11.2009 00:58) |
| eToro has no proper policy and their system is faulty, Every night when the market is busy traders cannot log in to the system. Specially when the market is good. The end result is the traders loose money as their positions are automatically closed at stop loss point. further more some details in their system are not correct. As example on 6th November 2009 etoro charts show USD/JPY days low as 89.52. if you check any their system the days low is 89.61 (89.618 is the actual)or 89.62. etoro has closed one of my trades at 89.53 for stop loss and I lost 100usd. Actually the market did not go below 89.61. When I pointed out this to etoro custom support, the last reply I gout is that their QA department confirms their system is correct and there for they refused to refund my money. (That means all the other systems in the world are wrong!!!) This is a day light robbery. closing positions at levels the market never reached! Any one can check this wrong lowest level in etoro system on Friday, 6th November 2009 from their charts. |
This is the review and feed back from several people on the net...If you want to add the feedback, please do not hesitate, just Click Add Review below: Let's digg and strip all this broker :p. Ok Have fun and behave kids.
