eToro Internet Broker Review
eToro is one of the leading and best-voted internet brokers. The trading platform has more than 4.5 million of registered traders or active users’ accounts. The eToro reviews are full of favorable and positives comments, which praised the easy to use and friendly trading platform. The platform has developed various unique features such as eToro social trading, eToro follows and copy trading, forex, binary options and others that are the traders favorite and the main reason of the all-time high broker preferences and acceptance. The present article evaluates the broker reviews, the internet broker features, licenses, support, the platform, any allegation about eToro scam, and any valuable information needed to appraise the eToro internet broker and its convenience for your trading needs.
eToro is the leading internet broker, which developed the social trading revolution. Its trading platform was designed to simplify the complex stock and forex market trades and make this highly technical financial instrument available to anybody who wants to take advantages of it. The internet broker has developed a complete trading course, with explaining in layman terms the essential trading and market concepts and how to read and use the technical tools required anticipating a market momentum. The broker invests in developing colorful displays, which simplifies the trading for beginners and delivers a user-friendly platform where the traders can educate themselves and become better traders, while they can interact with others and copy or just watch what the most successful traders do and how they do it. Practice by using the practice account and get profits for anticipating the asset’s price or market movement direction.
eToro Broker Review
After going over thousands of certified eToro account owners and eToro broker reviews, we found that most of them are positive. The broker reviews highlight the eToro social trading feature as the most welcome and best perceived by traders. The broker reviews show a consistent trust in the internet broker transparency and business model. The broker users are aware that the platform follows the European financial legal system and industry guidelines. The Broker reviews are packed with hundreds of post celebrating the user-friendly trading platform.
eToro Trading Platform
It is common to find the eToro broker reviews on the trading platform reporting it as simple to use, with enough market information to make the best market choice. The reviews said the broker platform was developed with the final trader in mind. The broker reviews consistently described the platform interface as very intuitive and with the essential indicators and oscillators needed to perform various technical analyses efficiently. The platform is very flexible, and it can be adjusted to meet most traders trading preferences.
The trading platform offers a game like an experience for novice traders, who can just select in which financial tool they want to invest, and the platform interface will offer some basic settings accordingly to the user level. The beginner or novice level are designed like a video game with colorful displays and simplify the graphical representation of the complex market indices, exchange rates, and quotes. The Interface can be customized.
The eToro trading platform can be accessed from any part of the world by an internet-connected device. Additionally, there is an eToro mobile App, which enables access to the platform, from compatibles tablets or smartphones to ensure the traders never miss a trading opportunity.
The trading platform allows user to set copydtrader an innovative social trading tool, which executes market orders replicating the selected user. Most of the broker reviews praised the easy to use platform interface. It can be used by anybody regardless his market or previous financial experience. A 5th-grade child can understand the call to action selection, and the market quotes and indexes are displayed in the friendliest possible way.
The trading platform is as complete as any trader could bargain for. It has all the technical tools you might need. The platform pedagogically oriented settings make the trading experience enjoyable and goal oriented, with the profits generation goal in mind. The market information is broken down to make it more understandable for a beginner trader, and the use of graphics are frequently perceived as self-explanatory of the intended delivery information.
The eToro webtrader is preset in a similar fashion, as the gamer’s platform in which the user can select its level from beginner or novice until expert and the price charts and various graphics display complexity will automatically adjust to it. These preset parameters are the easiest way to start trading with the right amount of information the investor could handle base on his expertise level. Nevertheless, the user is in complete control of its trading experience. He can select a more conservative or classic displays in the event that he prefers a more straightforward webtrader displays.
The Webtrader synchronized with the portfolio and trading style. The Webtrader is intuitive and automatically follows the user preferences and trading style adjusting itself to simplify the investment portfolio management and monitoring the market movement. Furthermore, any feature or parameter of the platform can be fully customized by the investor.
eToro Webtrader maximizes the information delivery from the market and economics reports, allowing the investor to communicate or discuss with the others traders through the eToro OpenBook chats rooms or forums.
eToro webtrader can be used by the account owner from any part of the world after he signs in into his account. The entire Webtrader platform can be used with all its features and trading modalities. The webtrader can deploy social trading at the desire capacity at any moment and in any place. Moreover, the App enables the use of webtrader from any compatible smartphone.
Traders Score and Continuous Evaluation
The eToro platform is monitoring each user performance permanently and assigns an evaluation grade, which can be used to self-assessment of the experience level, win rate, and strategy risk. The grade or evaluation score given by the platform consider the member success and compares with the other 4.5 millions of registered traders. Traders can expect to improve their score over time as an improvement proof of their trading skill, market anticipation accuracy, and technical tools better understanding. Most traders evaluated this scoring system positively and repeatedly include it in their reviews.
eToro trading platform is open for business 24/7. However, most of the trading is performed when the world’s markets are conducting business; It is from Sunday at 2300 hours until Friday at 2100 hours GMT. There are some variations for particulars currency pairs or commodities, which trading hours depend on their countries markets operation hours and for this reason, the trading hours might vary for them. Notice that cryptocurrency can be traded 24/7.
eToro sign in page requires the user email account and password to access his account. The broker will verify the trader identity and keep all the personal information safe, and it won’t be shared with any other financial entity. There are not unauthorized access reports to the accounts. The App share the essential security features of the broker internet website and trading platform. Although there is not token or image verification, the broker safety follows the industry standard. The platform accurately posts the traders orders, and the traders can select the price expected price moving directions and maturity time. The reviews on the broker safety are satisfactory with no problem found.
Is eToro Safe?
Absolutely yes, eToro broker review on the safety and transparency of the eToro internet broker found that the platform is fully regulated by the government and financial regulatory agencies. The internet broker fully complies with the industry standards. eToro Europe and eToro UK have their own funds, which all time meets the European Capital Requirements Regulation stipulations to operate as a broker and execute the order on behalf of the millions of registered traders.
The fastest way to answer to the eToro safety question is to open a demo account or practice account for free and try it for yourself. Once you sign in, you can access to the trading platform, which gives you access to all the trading tools and investment modalities available from the broker. Therefore, you can review if the broker is safe and any possible concern you might have. To the date when this review was made no safety fault was found on the internet broker.
Is eToro Licensed?
Yes, it is entirely licensed. eToro Europe and eToro UK are both authorized and entitled to offer the internet broker services, and their activities are covered by the regulatory agencies insurance coverages.
Cyprus Securities and Exchange Commission (Cysec) licenses EToro Europe. The eToro Europe headquarters address is 4 Profiti Ilia Street, Germasogeia, Limassol, Cyprus. Every eToro trader registered on the eToro Europe LTD. Is covered for up to 20.000 USD
eToro UK is registered and licensed by the Bank of England Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) under the number 583263. The eToro UK headhunters are located at 5 Fleet Place, London EC4M 7RD and principal place of business at 42nd floor, One Canada Square, Canary Wharf, London E14 5AB.
Is eToro Legit ?
Yes, of course, eToro internet broker is entirely legit, with more than 4.5 millions of active registered users from 170 countries around the globe. The UK broker and Europe broker are fully entitled to accept, process, and execute trading orders on world’s markets either by themselves or by hiring a third party. The internet broker segregates its users´ account and their deposited money, separating each trader money from the others and the brokers‘ account to ensure the integrity and safety of individual investment capital.
The various broker financial products and investment modalities are entirely regulated and approved for public trading. The OpenBook and Copytrader are execution orders’ services for which The Europe and UK brokers are fully entitled and authorized to process or execute orders on behalf of their traders.
There Is any Evidence of eToro Scam
Not at all, the eToro platform is managed with absolute transparency to reflect the trader’s choices and market selections. The webtrader reflects the orders place accurately by the traders. The revenues and profits are deposited into the user account immediately after they are available. Additionally, any transaction fees are fully disclosed on the broker website portal in advance to any transaction. The trading platform self-updates in real time with the latest market quotes and relevant information. The investor is total control of the trading calls to actions and orders placement on the broker platform.
After going over thousands of certified account holders, eToro reviews post, no evidence of any scam, swindle, fraudulent activity or deceptive behaviors were found on the eToro Broker. Neither the European nor the UK broker has been charged or condemned for any illegal activity or financial wrongdoing. The broker review on the broker traders money management found that it segregates the money from the individual’s traders and separates those from the eToro own money accounts and financial resources to ensure management transparency and 24/7 traders money availability. The broker operates under the top European regulators’ supervision.
eToro Scam allegations are not found in any regulatory agency or supervising government body. The webtrader, the platform, the Copytrader and the OpenBook are completely compliant with the broker’s regulations, and They are used daily for millions of traders without any notorious incident.
eToro forex is more than just an online forex market or a forex trading platform. The broker forex not only provides the best indicators, oscillators, technical tools, and the wide variety of price charts but also it offers a forex investor community eager to share its trading knowledge and forex techniques among its members. The forex is one of the fastest growing communities, and the number of active traders’ accounts is increasing each day.
eToro forex put the knowledge of the crowd to everybody service inside the OpenBook community. The broker forex social trading is adding more customers each hour, who wants to take advantages of the most experienced and successful forex knowledge.
Forex Trading Platform
eToro forex trading platform was designed to optimize the information delivery speed in order to ensure the minimum delays and maximum market movement anticipation. The broker updates quotes and the various price charts in milliseconds. The Forex platform includes multiple technical tools allowing forex traders to perform their technical and fundamental analysis on the platform from any internet connected computer and transforming any computer into a sophisticated trading station.
Forex Trading on the eToro App
The eToro App allows traders to place their forex orders on the go and gives entirely access to the forex trading platform technical tools and various graphics displays. The broker offered forex understanding that time is a valuable resource in the financial markets, for this reason, the user can keep connected while they are away or on the go and be sure they won’t miss a forex trading or investment opportunity.
Forex Graphics and Unique Trading Areas
eToro forex trading platform considers the level to offer unique approaches to the various investment products the broker provides. User can select the traditional and elaborate price charts displays with most indicators and technical tools displayed on those, or he can choose the unique trading areas. The broker exclusive trading areas are video game like trading platform, which simplifies the traders market choices and information management with colorful and animated displays.
There are four major forex trading areas specially designed for beginners’ traders and those novices with little or no knowledge of forex indicators, oscillators, and sophisticated technical tools. In these four main areas, the platform uses a video game-like interface, in which the user needs to make the future market anticipation, and the graphical representation is animated. It is similar to display a price chart with the forex quotation indicated on it, but the animated characters make easier to understand for the beginner trader.
eToro forex race, the investor race against the others and the display will show your money character running to the finish line in a marathon area designed to deliver the exchange rate of the three major currencies a user wants to buy or sell the exchange rate will determine who wins. The dollar trend, needs to anticipate the dollar movement, and the displays will show two or more coins going up or down depending on its exchange rate in USD.
eToro forex The Globe trader, picks two or more currency, and the displays will show two or more countries’ currencies performances with a small window in the top of each one to press a see an entire exchange rate and forex market information breakdown.
eToro forex match. The user picks a currency pair, and the displays will show a tug war with each currency pulling on its side with real-time market updates, facilitating to track your investment performance. The currency winner will be determined by the exchange rate.
The four major broker forex trading areas are the simplest way to invest and keep the record of all your transaction with the outcome of each of them. Additionally, the trading platform will assign each investor a graded score, which will inform how well he did, comparing his trading history and comparing to other traders. Most account holders reported those features as user-friendly and efficient trading tools on their reviews. Traders evaluated very well the several graphics displays and the scores offered on the trading platform or webtrader.
eToro Demo Account
eToro demo account allows anybody to start trading like a professional broker without risking any money and learn to use the webtrader for free. Anybody can sign up to the demo account by providing essential information and an associated email account and phone number. Once you sign up, you will be immediately taken to the principal webtrader, and the dashboard will ask you if you want to trading for real or practice trading. The demo account gives you unrestricted access to the state of the art platform and it´s unique trading features for you to test and evaluate them.
Learn to Trade with the Demo Account
Once you registered your eToro account, you only need sing in to start learning for free. Select the practice trading options and all the market information, and the various technical tools will be offered on your dashboard. Anybody can take advantages of the fake 100.000 USD demo account assigned for practicing on its webtrader. Learn how to read and understand all the indicators, memorize, and recognize the most frequent price pattern. You can obtain and process the information display on a candlestick price charts, the trading charts, and the various trading lines. The demo account is the first step any userr regardless of his trading expertise level must take before entering the market with real money. The demo account is the best tool for personal trading knowledge assessment
eToro demo offers the possibility to test the trading platform with all its features for free. The demo gives access to the webtrader, the OpenBook, the social trading, and others unique investment opportunities of the platform ultimately. Anybody considering in investing in trading must use the demo. Using the demo, the user can evaluate how accurate his analyzes and market anticipations are. He can calculate his winning rate and the broker will assign a score, which summarizes his trading level, accuracy, and compares his level with the other millions of traders. The demo is the safest way to experiment the trading tools and the real market conditions without paying a single cent for it. Using the social trading platform and test the OpenBook and the Copytrader is risk-free with your demo account you only need to sign up to open your account.
eToro bonus is a monetary reward deposited into the account after a money deposit is made by the account owner. The bonus can be from 100 USD to 1000 USD per deposit. There is no limit to the number of bonus user can get during the year. The only factor the broker considers to give the bonus is the total amount of money per deposit. The bonus is deposited into the trader account, and he can use it immediately to place orders or increase his investment capital.
The bonus is also offered to the best and most copied traders, based on their performance and trading ranking. The broker provides a bonus to new and formers customers to show them the broker appreciation for conducting business on the platform.
Additionally, to the bonus, the broker offers to refund up to 20% of all the trader spread commissions. It can be substantially, and eToro internet broker is the only world broker who shares his earning among its users and account holders giving back to the brokers´ traders community. Taking advantages of the bonus is the easiest and fastest way to increase your investment capital risk-free.
eToro app allows traders to take their trading station with them anywhere in the world. The app can be download from the google play store or the Apple store, and it works fine on Android or IOS operating systems. Thanks to the app investor can take the social trading network with them and enjoy of more than 1000 different investment opportunities by trading on the forex market, stock market and commodities Copyfunds, OpenBook, and copy each order the leading investors placed. The App is the perfect extension of the eToro desktop version with a similar interface and synchronizing investment portfolio. The traders are sure they will always be informed about the market updates and any market or economic release. The App updates the market quotes and allows performing the technical analyses and using the technical tools from the platform.
eToro app put the world’s market at everybody fingertips
The eToro app opens the financial markets to anyone, and its social trading network allows any user to learn, listen, and take part of the thousands of business conversations and market discussions that take place on the trading network. The beginners traders who have a 9 to 5 job, or are working full time, can take advantages of any free time or commute time to learn trading or place their orders. Moreover, professional traders can rely upon them. They will have permanent access to their trading markets using the App regardless of where they are located as long as they have internet access.
eToro App Advantages
- The app is 100% free
- The app can be directly downloaded into yoursmartphone from the Apple store or Google play store
- The app transforms your tablet or smartphone into a trading station
- The app allows you to have a money management plan similar to the most successful and expert traders by setting the automatically copy and trading of them. Therefore, every order placed by your selected user will be copy and place on your account without any delay. It gives you the trader’s expert level instantly to anybody.
- Join the Popular Investor program and earn 2% management fee, enjoy 100% spread rebate andmany more VIP benefits.
The eToro App enables its Users to:
1.Choose top traders to copy, and set automatic fund management.
2.Get real on-time notifications about market events.
3.Get market updates in real time with less than a second delay.
4.Invest in Stocks
5.Invest in currencies or the forex market
6.Invest in Indices and Commodities
7.Invest in ETFs
8.Invest in Toro’s next-generation product – CopyFunds
9.Place market orders or make modifications to current orders at any moment when permitted.
eToro trading is the overall simplification of the trading process and the opening of the previously seclude investment opportunities to anybody. The broker trading is the latest financial revolution with the incorporation of the revolutionary concept of the social trading. The broker trading brings the ultimate trading platform and the webtrader into a game like an interface to make it more accessible for new traders. The broker trading is the stock market adaptation to the newly integrated and always interconnected and social networking society. It takes in consideration the trader’s preferences and financial level to offer the various setting. It offers hundreds of different customized adjustments to adapt the platform to the trader’s investment style and trading strategy. The broker trading has been evaluated as the most accessible and most user-friendly trading platform. The broker trading can be used by anybody with any educational background or trading knowledge
Introducing eToro platform
eToro minimum deposit depends upon the account owner country of residency. The minimum deposit can be as low as 50 USD for most world areas. However, there are some regulatory agencies restrictions, which impose a 1000 USD minimum deposit for particulars countries. Notice that the minimum deposit amount restriction might only apply for first-time deposit. After your account is verified and after your first deposit, the minimum deposit is 50 USD. However, traders must be aware that the total amount deposited each time is evaluated for a bonus, for this reason, is advisable to make a more significant deposit to get the bonus and increase the traders’ investment money instantly.
To learn what the broker minimum deposit requirements for your country or region are, you only need to enter into the broker platform or the broker website and select the minimum deposit bottom on it or the deposit option on the webtrader and learn the minimum amount accepted for your country. Remember that the minimum deposit after your first one is 50 USD, and you can make it with any of the accepted payment methods.
eToro broker accepts the leading worlds payment methods. The user can choose from several payments methods to fund his account, the major credit cards, bank or debit cards are accepted, and the money is available instantly after credit card approval once you have passed the verification process or after 24 hours if you have not verified your identity yet. China UnionPay, Giropay, Neteller, PayPal, Skrill Limited UK, WebMoney, Wire Transfer, Wirecard, Yandex are accepted the money will be available in the trader’s account from one second after payment to up to 4 days, depending on the payment method used. The time delay is sufficiently disclosed before you make any deposit or payment to ensure you are in control of your account.
EToro deposit bonus is money deposited into the trader’s account by the platform offered to traders who make a deposit equal or greater than 400 USD. The deposit bonus can be from 100 USD to 1000 USD. The deposit bonus amount is determined by the total amount deposited at once. The investor may get a deposit bonus each time he makes a new deposit into his account as long as he meets the minimum amount of money required for the deposit bonus giveaway. Furthermore, the broker continually gives a bonus to its customers or traders, Increasing the investment capital to increase their profit generation
eToro OpenBook is the social trading revolution, with the OpenBook, the trading learning process is speeding up and placing orders is simplify to straight forwards steps. Every investor register at the broker is sung up in the OpenBook. Therefore, every single investment or order will be shared among the broker´s community. Simultaneously, any trading activity of the OpenBook community is available for any member to consider, compare, or copy it. The OpenBook is a revolutionary way to trading considering the orders, technical analyses and strategies of the most successful traders of the entire broker´s users.
What is OpenBook?
eToro OpenBook is a state of the art social trading platform. The OpenBook makes public and available for any of its member all the traders’ activities for them to consider what the others are doing. The OpenBook creates the concept of social investment, in which the traders can browse the list of registered users, and they can select the traders with the best trading score, profits generation, and trading success to see what they are doing, and how they are doing it. Moreover, any of traders can copy the trading strategy and all the market movement or orders placed by any member. Traders can set automatic order placements and entirely replicate the trading schemes of the best user or any user he may choose as a consequence each time the copied investor gets profits or ends in the money. The copier traders get profits too in the same invested proportion. The OpenBook instantly confers the broker and market expert level of the person from who they are copying to each of the copier traders and all the benefits and risk of his investment is proportionally equally shared.
Advantages of OpenBook
- eToro OpenBook Traders can test it for free opening a demo account, which only requires to sign up in the broker site
- The wisdom of the crowd is available for all members of the OpenBook. You just need to sign up to be part of it.
- The OpenBook new traders or beginners can get instant insight, ask a question and interact with proven expert’s traders to whom they can mimic or replicate their trading strategy and market orders’ placement in real time, increasing the trader’s level and technical analyses capacity instantly.
- eToro OpenBook, additionally, to all the benefits someone can get from copy from successful traders, you can get expert advice, and they might correct some of your trading mistakes. This kind of support could cost you thousands of dollars and several hours of tutoring, but the OpenBook gives all that for free for your benefit and personal gain.
- The OpenBook shows comprehensive statistics about each customer in their profile avoiding misrepresentation of false impersonations. This feature avoids following blindly or to the wrong traders. The OpenBook shows the win rate, loss rate, the risk level at which the user operates, how many traders are copying or following him and even the other members’ evaluations or what they like or dislike about the investor or the trader’s strategy.
- eToro OpenBook People Discovery search tool allows searching for particular users or by statistics to evaluate possible traders to follow. You can search by investment portfolio, win rate, order placement frequency, operational markets, risk level, country of residence and even you can search for verified identities or people who disclosed their real names. the OpenBook gives you total freedom and control of who you want to follow.
- Get feedback; you can use the eToro OpenBook just to interact or socialize with other traders. Get feedback about your strategy, clarify doubts, ask questions or exchange markets insights. There are even some areas or forums just to talk with people who share your same interest. The OpenBook is much more than just copy what successful traders do. It is a real investment think tank
- eToro OpenBook is the social investing platform, which connects people from 170 countries to maximize their profits generation potential. The OpenBook is commonplace for traders and people whose primary goal is to get profits and make money from market investment.
- You can leave or opt out the OpenBook social trading at any moment and return whenever you consider it. The OpenBook can be used as your personal investor adviser.
CopyTrader with eToro OpenBook, you can copy others market movement and invest like a professional automatically with The CopyTrader.
The copytrader is the iconic feature of the social investing platform. You can trade with the support and trading experience of the most extensive pool of global investors at no cost to you. The CopyTrader was launched in 2011, and this trading tool revolutionized the internet brokers and online trading.
What is CopyTrader?
eToro CopyTrader is an excellent trading tool, which allows you to copy all the present and future trades or orders placed by up to 10 different traders from the OpenBook either automatically or after you push the authorization bottom to copy the order. The CopyTrader will copy and keep the same ratio or percentages per trade as the original trader. In other words, if the trader places an order for 10% of his investment capital buying GBP, the copytrader will reproduce the exact order and adapt it to your money management plan or investment capital. Therefore, It will place the same order on your behalf but with the 10% of your investment capital. Consequently, if you are following trader X and he invests 100.000 USD on EUR, and the 100.000 USD represent 30% of his investment capital, the copytrader will place a similar order with the 30% of your funds. If your funds are only 1000 USD, the order will be placed for 300 USD on the same position. Placing an order with the similar ratios or percentages maintains the same potential profits generations for both traders, Trader X and you that are copying from him.
The CopyTrader not only saves you thousands of hours reading financial information and practicing complex arithmetic and statistics formulas but also it delivers the best market information already reviewed by several successful traders for you to use it at your entire convenience. The copytrader is similar to answer a test with an open book. You don’t have to worry about drawing a conclusion from the market information or identifying complicated price charts or reading oscillators etc. The only thing in which you are required to focus is in choosing the best and most accurate successful traders to follow and copy from them. The CopyTrader provides complete access to thousands of traders strategy and investment plans as well as order placement for your consideration.
How to invest using Copytrader?
1.Open an eToro account (you can use a demo account too)
2.Go over the profile and broker score of the top trader on The OpenBook
3.Select The trader that you consider the most successful and which strategy and risk level suits your trading style
4.Set your investment capital or the amount of money that you want to invest in this user strategy. The total amount that you place will be considered the 100% investment capital. You can set any amount that you consider adequate for up to 10 different traders at time. Not matter if the set amount is 100 or 100.000 USD the Copytrader will apply the ratio or percentage based on the user from whom you are copying.
5.Select the option to The copytrader and choose to copy:
a)CopyTrader Copying all trades; the eToro platform will offer the possibility to copy the current trades the member placed before and have not reached their maturity term yet.
b)CopyTrader Copying only new trades; the brokerplatform will copy any new order placed by your selected investor and put the same percentage of your investment money on the same position
6.You can manually close any trade copied, and the money from it will be credited back to your copytrader account. (certain conditions may apply)
7.The expiration date and price movement anticipation will be replicated accurately as the original one. Furthermore, if the investor changes any of those, those changes will be reflected instantaneously on your orders.
eToro Copytrader has the same risk as any market investment or trading order, for this reason, there are two additional modalities to decrease potential losses and the trading risk. The copytrader Copy Stop Loss (CSL) and pause copy.
What is Copytrader Copy Stop Loss (CSL)
eToro copytrader Copy Stop Loss (CSL) is the same social trading in which you can copy from the trades other traders are doing but with the added feature to preset the amount of money you are willing to lose or risk in a particular trader you are copying or the market orders you copied from him.
eToro copytrader Copy Stop Loss can be adjusted to your comfort zone with and visual display that simplifies its use. The user only needs to set how much money he is willing to risk or lose moving downward the dollar sign until it reaches the desired amount after the original investment reached the stop loss point it will close the copy and save the balance avoiding any further money loss and reducing the investment risks. Most traders set the copytrader Copy Stop Loss at the 95% of the original value, meaning that they are risking only 5% of the invested money thanks to this feature.
eToro copytrader Copy Stop Loss is like and lifesaver, which will be automatically deployed when the investor you are copying from makes a wrong market anticipation or the orders he placed are in the opposite direction to the expected market or asset’s price movement direction. The copytrader Copy Stop Loss prevent that the wrong analyses done by the trader you are copying from provoking large losses to you. It is similar to the stop point, or emergency exit point when the market experiment a trend reverse or the technical analysis done failed to anticipate the next asset’s price moving direction. The copytrader Copy Stop Loss is the safest way to use copytrader, particularly when you are unsure why the user is investing in a specific asset.
eToro Pause copy allows you to stop copying any future trades from the user you are following without closing the current open position that you wish to maintain. This feature can be used when you want to try a different approach or change the investor you are following or stop following a user whose strategy is no longer appealing to you. The Pause Copy can be used for periods when you prefer to evaluate the invesments outcomes of the traders you are following, or you want to take a break from copying him. Notice that the Pause Copy just stops the imitations of future orders. It won’t affect the previously order placed or limited the lost they can produce.
eToro CopyFunds is the latest trading option and revolutionizing financial product. The Copyfunds is similar to have a hedge fund or an investment fund managed by hundreds of successful and expert traders. The CopyFunds minimize the long-term investment risk and offer great revenue potential. There are currently two types of The CopyFunds.
Top Trader CopyFunds
Top Trader CopyFunds is the investment of the top eToro traders with the best performing and more time sustainable traders chosen to manage the fund accordingly.
eToro Market CopyFunds
eToro Market CopyFunds bundle together CFD stocks, ETFs, and commodities under a solid market management strategy.
eToro Sign up
eToro sign up requires only a couple of minutes; you just need to provide your name, email account, and a telephone number. The sign up can be done for a practice account or a real trader account; both accounts are opened simultaneously once you signed up for an account. Since it is the first and largest social trading platform, anybody can sign up using either his google account or his Facebook account. The instructions for the entire process are in 10 different languages on the sign up web page. As well as the interface is offered in 10 different languages to ensure you can enjoy the many benefits, financial products, and trading modalities the broker offers, as soon as you finish you sign up process.
eToro sign up opens a world of possibilities and connects you with millions of professionals traders from more than 170 countries, who are living around the globe, which are eager to share their trading knowledge and market insights.
Sign up on eToro UK
Sign up on eToro UK is only available for residents of the United Kingdom; the sign up on the UK broker process is similar to the sign up on the eToro Europe or the regular internet broker platform. The main difference is that besides being residents of the UK, anyone who wants to sing up on broker UK must deposit 5000 USD with eToro Europe LTD. Despite the large monetary difference in the first broker minimum deposit, the UK trading platform, operational markets and financial products are the same as the broker in Europe.
eToro Sign in
eToro sign in gives you total access to your account and all the trading modalities, technical tools, and the social trading platform. You can sign in from any computer or smartphone and use the platform from any place to ensure your investments are growing correctly, or your open positions are moving in the right price direction.
Traders can eToro sign in using the app from any compatible smartphone. Once you sign in into your trader account, you can manage your investment portfolio and be sure that you won’t miss any trading opportunity for being on the go or away from your usual trading station. You can receive market updates as soon as they are posted on their respective markets.
eToro sign in can be done with the user Gmail account or his Facebook account. If you forget your username or password, you can recover it in just seconds, or you can contact the broker customer support or the help desk to get help to access your account.
eToro login from your mobile thanks to the trading app, The mobile trading interface duplicates the desktop features. Millions of traders login while they are on the go and place their orders or review the latest market quotes and updates. The login can be done with the email and password, the Gmail account or the Facebook account. The three login modalities offered by the broker are for the traders convenience.
After, login traders can enjoy all the webtrader technical tools, financial instruments, and the social trading. The login page has the standard industry security measures to prevent the unauthorized access to your account or personal information.
Thanks to the copytrader, you can trading even without login into your account since the copytrade will replicate the trades done by the traders you are following automatically if you set it up.
eToro fees are completely disclosed on the webpage and the platform. The trading fees are simple to calculate, and most of them are built into the trading spread to make more accessible for traders to consider the fees. The fees used to be lower than other internet broker and they are calculated in the base of the number of pips in which the user invest, in an effort from the internet broker to keep low the trading cost for the users.
Withdrawal fees are 25 USD, it is fixed. There are fees for currency conversion into USD if you make your deposit or fund your account with another currency different from USD.
There are not fees for opening an account, using the demo or practice account, reading the learning material, using The copytrader or the OpenBook are free of charge.
The broker inactivity account fees. The deposited accounts are charge 5 USD inactivity fees after 12 months of inactivity or 12 months without any new deposit on it. The fees are deducted from the account balance, but the broker never takes any money from the traders open position or holding assets. The non-deposited account inactivity fee is charged after 4 months of inactivity.
The fees structure is rather simple to understand and to calculate. The internet broker as an expression of appreciation for its customers, It may refund up to 20% of the spread fees to most of its users.
What Is eToro Spread?
EToro spread is the money difference, expressed in pips, between the buying and the selling price for any asset. The pips are lower for the most popular trading assets. Indeed, there is a negative correlation between the traders’ interest and trading volume for particular assets or currency pair and its spread cost. The opposite also applies; the more exotic a trading is, the more expensive the spread is, in comparison to the most popular.
What Is a pip?
Pip is the minimum difference between the buying or bid price and the selling or asking price in the four decimal position of it. In other words, if you buy an asset at 10.000 USD and its price varies to 1.0001, it is equal to one pip. Consequently, if its price varies to 1.0015, it is equivalent to 15 pips and so on. To calculate the number of pip or the pips variation you only need to remember the four decimal variation. E.g., 1 pip equals to 0.0001, 2 pips equal to 0.0002, 3 pips equal to 0.0003, 10 pips equal to 0.0010, 100 pips equal to 0.0100, a thousand pips equal to 0.1000. The spread is explained in great detail in the webtrader and the platform.
EToro deposit is a flawless and straightforward process. The customer can use several payment methods to fund their accounts. The deposit can be made from the customer credit card, debit or atm card, wire transfer, electronic wallet, and various reputable payment services. The first deposit can take up to 24 hours to be credited to the trader´s account due to regulatory agencies and government verification requirements. After the customer verification is done, the deposit can be available immediately if it is done by credit card or bank card.
Can I Make an Deposit to a Third Party
The broker cannot accept or process third party deposit due to regulatory agencies restrictions. The deposit must be made from the account owner banks or payments services. If the account owner wants to use his/her spouse payment options, first his spouse has to be included in the account and pass the verification process, afterward, the account can be a joined account and the payment method from any of the account owner will be accepted to fund the account.
Get a Bonus with Your Deposits
eToro deposits can get you a bonus, which is additional money credited into your account as a gift in appreciation for conducting your business with the internet broker. The deposit bonus is given each time the customer makes a deposit equal or greater than 400 USD.
There are not direct fees for deposits, the only fees deposit related are the bank associated cost to process and received the customer deposit fees and the conversion fees. Otherwise, deposits are fees free.
eToro withdrawal request is fast and easy. The account has to be identity verified in order to process the withdrawal. You should verify your account as soon as possible to avoid any delay in your withdrawal request. Once the withdrawal is processed, the investor will receive an email notification and an account notification on the platform informing to which payment provider your funds were sent.
EToro withdrawal can be requested at the account owner convenience anytime and for up to the maximum amount of money deposited into the account. The only limitations are the leverage or collaterals he might have. The account funds are withdrawn using the same method the customer used to make the deposit. If the internet broker platform cannot use the same payment method used by the user when he made the deposit, a secondary or alternative payment method will be asked to process the withdrawal request.
EToro withdrawal requests are processed in 24 hours or less. However, there is a time delay from one to five days to get your money refunded due to bank or credit card processing times. The withdrawal time frame per payment method is available on the broker webpage or the trading platform under the portfolio section. Remember additional delay may occur if your account is not verified.
eToro UK is the same broker platform and the social trading experience offered to the UK residents only due to the Financial Conduct Authority, which regulated the security market exchange and trading financial instruments provided by the UK internet broker. The financial conduct authority insurance will pay up to 50000 USD to the UK account holders in the case of broker incapacity or financial insolvency. It is the main reason why the UK broker is only available for the UK residence. There is not any difference from the eToro trading platform of the various trading modalities or financial products.
UK Trading Platform
The broker UK trading platform is the same as the eToro Europe, with all the benefits, technical tools, and trading options. The interface is the same, and the dynamics don’t change among both trading platform.
Can UK Account Holder Use the OpenBook and the CopyTrader?
Yes, they can, all account holders are automatically included on the OpenBook social trading platform after they sign up. However, any trader can opt out at any time. The copytrader is widely used by the eToro UK traders, and there is no restriction or variation to their European counterpart.
eToro Broker Review Summary
- eToro broker is one of the leading internet broker worldwide with more than 4.5 million of active traders
- The broker is more than just a trading platform. The broker invests in developing the social trading concept, and it has adequated the platform to social trading and share crowd knowledge.
- The are unique products offered on the platform that are developed to enhance the trading capacity of all the traders. The most popular among them are theforex,The OpenBook, The Copytrader and The CopyFunds.
- The platform interface and the displays were designed to resemble the video game experience to facilitate the initiation in the markets and trading of the beginners and new traders. The trading platform offers four Forex trading areas that simplify the market choices and information processing needed to place orders.
- The broker and the webtrader can be accessed from any internet connected computer or using the app from any smartphone compatible device.
- The eToro trading platform can be tested by all the traders, who sign up into an account for free. The demo account provides complete access to all the brokers´ features, trading modalities, and the eToro social trading.