Friday , December 15 2017
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Etoro Review

Trading the financial instrument can be very intimidating especially if you consider it as your full-time profession. There are a number of key factors which you need to execute perfectly in order to become successful in the vast financial world. You must be aware of the huge risk involved in the financial instrument and side by side you need to manage your trading environment in a professional manner for consistent profit. The number one factors that every professional trader pay close attention is, the potential broker that they are going to get involved. The importance of the right trading environment is utmost important in the trader’s career. eToro, a well-reputed broker is now gaining the trust of millions of traders by their dedicated service and constant improvement. They know what the traders want and organize their trading environment accordingly.

etoro-logoRetail trading was not so much popular among traders in the past. But due to constant improvement of trading environment and the ability of free trading resources, it has become a trending option in today’s world. eToro provides transparent CFD, option, commodities and forex trading facilities to the traders among the world with the world most advanced technological features. Their trust and smart performance are now providing excellent support to more than 4.5 million users over 170 countries around the globe. eToro is always engaged in improving their versatile trading tools and developing a modern trading environment for the traders. They are emphasizing on traders community and have created a golden spot for the traders to reunite and shares their trading experience and strategy without any cost. Constantly thrives off their professional team is keeping them well ahead of other competitors in this industry. Let’s see how they are different from other brokers and what are the scopes that they still need to improve in order to maintain a high standard of customer satisfaction.

Basic Information

Establishment date: 2007
Regulations: CySEC, FCA,CIF
Bonus: Varies depending upon promotion
Minimum Deposit: $200
Max leverage: 400:1
Spread: Variable
Minimum lot size: 0.01
Scalping: No
Hedging: Yes
Order type: Market order, limit and stop orders, entry order and once cancel the other orders
Language: Multilingual
Trading Platform: eToro webTrader, Etoro Openbook, eToro Mobile Trader
Countries: Accept all countries except the USA

Pros:

  • Allows advanced automated trading system and latest robots
  • Professional training program for different level of traders
  • One of the world best social trading community
  • Wide range of advanced trading platform
  • Lucrative promotional offers on regular basis
  • Excellent customer service and trade execution speed
  • Trading alert and email notification
  • Advanced market commentary from the professional traders

Cons:

  • Spreads are very high compared to other brokers
  • Offers limited financial instrument for forex trading
  • Their default trading platform has limited customizable features
  • Charting software needs to improve to a great extent
  • Don’t accept the US client

Binarys Rating:

5 stars

Signup procedure

The signup procedure of eToro is very simple and effective compared to its other competitors. Smart professionals had taken huge importance in making the signup form as comfortable as possible for the traders. The retail traders just need to fill up a simple form with their personal data and their account is ready for their first use. If you don’t have your account verification documents then you can also check the radio button “finish later” to add funds to your account. You can access all the trading privileges and trade with a great level of ease without your verified account. But before you withdraw your profit you must have to verify your account with valid photo id and utility bill. So it’s always better to get your account verified before you start trading with real money.

Deposit method

Trading the financial instrument with eToro requires real money deposit like any other brokers. But if you are novice traders then you always have the advantage to open a demo account and use their trading platform until you get comfortable with your trading skills and their provided trading environment. There are number of ways to make a deposit in their trading account. These are

  • Credit Cards
  • MoneyGram
  • Neteller
  • PayPal
  • WebMoney
  • Wire Transfer

One thing that the new trader must know about eToro is about their withdrawal method. eToro charges their client from $5-$25 for withdrawal and it takes about five business days to process. The withdrawal fees vary from the amount to amount but never exceeds $25.

Social trading network

The social trading network is one of the most innovative ideas taken by the store professional. Traders from different parts of the globe can share their trading idea and analyses with different traders. They have the unique opportunity to share their knowledge and get the real touch of other trading tools from different traders of the world. To be precise the social trading network of eToro has created sparkling resources for the new and professional traders. If you want to learn the financial industry and get enlighten by the knowledge of professional traders then you must join their social trading network.

Customer Service

eToro has always valued their customers with great importance. Their professional team exactly knows the role of their customer service representatives. They deal their customers with a great level of care and try to solve the queries of the customers with great care. If any problem is not solved instantly then they make a complaint ticket and usually the matter gets resolved within two business days by the higher authorities of the organizations. The customer service is provided in many different languages 24×5 days a week.

Summary

eToro is now one of leading broker in today’s world .Traders among different parts of the world are joining this organization for the secured trading environment. Their advanced trading community is always active and the dynamic discussion by the professional traders are good enough to give you a clear understanding of the forex industry. To be precise eToro is definitely a good pick for the retail traders.

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