Acceptes US Clients: No
Min. Deposit: $50
Regulated Broker: Yes
Up to 20% on deposit
company was founded way back in 2007. Forex trading had been available online for almost a decade by this point. It was a growing market, and eToro’s founders certainly saw that the way to differentiate their product from numerous other Forex brokers was to innovate. This led to the integration of Forex trading with social media to create a unique blend of trading and community. We suspect that the timing to incorporate social media was also great due to the growing popularity of a little known site called Facebook (Facebook opened its doors to the public in 2006). We’ve seen the popularity and interest in social trading grow immensely since 2007, with some brokers now offering social trading platforms alongside their standard platform. For those in the know however, eToro remain the pioneer and the home of social trading.
Social networking has grown exponentially in the investment arena. eToro pioneered the ‘social’ trading arena years ago and has recently introduced its New eToro trading platform. eToro encourages clients to connect with one another to trade, invest, learn and share knowledge across the network and the top ranking traders are listed on the landing page along with the number of copiers, their win ratio and gain percentage. Their CopyTrader program provides traders with the opportunity to crowd work by copying the best traders on the eToro trading network, quickly and simply. With the Copy Trading portfolio, copied trades go directly to the trader’s account automatically and this allows traders to manage their copied trades in a simple and transparent way.
eToro Free, Educational Courses
eToro guides inexperienced traders through free training and courses on the eToro platform. We like the availability of a large arsenal of learning tools and materials for both novice and pro investors. The “trading academy” enables you to increase your knowledge of financial trading markets through videos, live webinars, and guides.
eToro Licence and regulations
The residence of the broker is in the favorite European financial center, that is on Cyprus, the address of the broker is 42nd Floor, One Canada square, Canary Wharf, E14 5AB London.
The licence, issued by FCA (Financial Conduct Authority) is the accepted European licence, granting an insurance of 100% on the deposit of up to £50 000 and the security that the clients’ deposits are held separately from the company’s finances.
eToro Methods of Payment
The deposit options available at eToro include popular services including Visa, MasterCard, Diners Club International, Paypal, Skrill, Neteller, WebMoney and Yandex,
Compare To eToro
AvaTrade(Review) - Clients of AvaTrade can make deposits to and withdrawals from their accounts via credit/debit cards (Visa, MasterCard, Maestro), bank wire, Skrill and Neteller.
Xtrade(Review) - Xtrade is a fully licensed and regulated company. It is located in Cyprus and regulated by CySEC, a national agency for financial control.
EasyMarkets(Review) - easyMarkets is domiciled in Limassol, Cyprus, is regulated by CySec and is licensed in Europe by MiFid and in Australia by ASIC. easyMarkets maintains offices in London, Sydney and Warsaw.