eToro

It was founded in 2007, and it is regulated and sanctioned by the Financial Conduct Authority (FCA) and Australians through an Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC). The brokerage firms offer 2000+ CFDS on various instruments, including Stock, ETF, Forex, CFD, and Cryptocurrency.

The regulation country of the Etoro is located in the UK, Cyprus, Australia. Before starting trading with Etoro, a trader needs to deposit the minimum amount of $200. In addition, the broker offers two types of trading platforms such as Web Trader as well as Mobile Trading platform. The headquarter of Etoro is located at eToro (UK) Ltd, 24th floor, One Canada Square, Canary Wharf, London, E14 5AB

The broker provides the best trading tools and indicators which is helpful to predict the future market of the assets. In addition, the broker offers a wide variety of educational and research material to the investors. The Etoro deposit and withdrawal option is via Credit Card, Moneybookers, Neteller, PayPal, Skrill, Webmoney, Wire Transfer. Etoro offers the maximum leverage of 1:30 to the investors.

Pros and Cons to trade with Etoro

Pros to trade

• Free stock and ETF trading
• Seamless account opening
• Social trading experience

Is Etoro Scam: Regulations

Etoro is the legit broker in the market because it is regulated and approved by the Financial Conduct Authority (FCA) and Australians through an Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC). Furthermore, the investor’s money is completely safe and secure under Etoro brokers because they use the highly upgraded technology for trading, which is necessary for the traders.

The platform which Etoro offers is the popular choice of the newcomers as well as professional investors in the market. The broker mainly offers a single trading account in which the trader has all types of features and functions which is important while trading in the market.

Etoro Trading Account Types

Etoro offers a single trading account for investors and has all types of functions and features.

What are the features of the single trading account?

• Before starting trading with Etoro, a trader needs to deposit the minimum amount of $200.
• The broker offers the maximum leverage of 1:30.
• The spread starts from 1 pip.
• A trader has Negative Balance Protection
• Copy Trading is available for traders.
• A trader has 2000+ Tradable Assets.
• The broker also offers a demo account for the investors.
• The broker provides commission-free trading for all investors.
• The broker charges a low spread from the traders.

Etoro Account Opening

Etoro is one of the best online brokers in the market for its unique services and features. However, before starting trading with Etoro, an investor has to deposit the minimum amount of money into the trading account that is $200. Here is the essential step which the trader needs to follows to open a trading account with Etoro:

• In the beginning, a trader needs to apply online on the official website of Etoto and fill the application form in which [put all the details related to the investor such as name, age, country, address, etc. (Fill the correct information because it is important during verification).
• Then give the answers to the questionnaire which is asked by the broker related to the trading goals and plan.
• A trader needs to verify their trading account with the help of their government Id card because it takes some time to verify.
• Lastly, a trader needs to deposit the initial amount of money into the trading account that is $200.

Etoro Trading Platform

The brokerage firms offer two types of trading platforms to the investors, such as Web Trader and Mobile Trader application.

Web trader

• It is one of Etoro’s best trading platforms because it is easy to handle by investors. Moreover, it can be easy to customize by the investor according to the need.
• What are the functions of the Web trader platform?
• A trader can trade 2000+ CFDs instruments on a variety of assets.
• The platform supports 21 types of languages.
• A trader doesn’t need to download the software for trading.
• They only need to log in to their trading accounts and start trading.
• You can get access through any devices such as mobile, desktop and tablets.

Mobile Trading Application

Etoro offers a mobile application for trading in which the trader needs to easily log in to their trading account and start trading. The mobile application has types of features and a variety of charts.

What are the functions of the Mobile trading applications?

• It is a user-friendly mobile application.
• The platform has a good search function.
• It supports 21 languages.
• The platform has excellent functionality.
• A trader can become a trader from anywhere in the world.
• A mobile trading platform is well designed for investors.

Etoro Trading Instruments

The brokerage company offers a variety of trading instruments, including Stock, ETF, Forex, CFD, Cryptocurrency.

Forex

A trader can trade on 45+ currency pairs.

Stock index CFDs

A trader has 13+ stocks to trade.

ETF CFDs

145+ ETF is available for trading.

Commodity CFDs

14 commodities are available for trading.

Cryptocurrency

The broker offers 16 cryptocurrencies for trading.

Etoro Commission & Spreads

• The brokerage firms charge a low trading fee.
• Low forex and CFD fees
• Free stock and ETF trading.
• Etoro charges the investor’s inactivity fee because an investor is inactive in the market for the last 60- 80 days in the trading market.
• The broker charges the swap fee from the traders.

Etoro Leverage

• Etoro offers maximum leverage of 1:30 to the traders for trading.
• But the retail investor needs to avoid the leverage amount because it is highly risky for the investors.

Etoro Deposit and Withdrawal

• The broker charges the withdrawal fee from the investor that is $5.0
• It is easy to deposit and withdraw their money into trading accounts.
• A trader can deposit an unlimited amount of money into the trading accounts.
• A trader doesn’t need to pay the conversion fee.
• The minimum deposit to start trading is $200.
• The deposit and withdrawal of the Etoro is via bank wire transfer, credit/debit cards, PayPal, Neteller, Skrill, Rapid Transfer, iDEAL and Klarna.

Etoro Educational and Research Support

Etoro offers a wide variety of educational and research material to investors through News and Analysis, Financial market Guides, Video Tutorials, Podcasts, etc. All the resources help build the market’s knowledge and make it easy to find out the trading strategy. After that, practice on the demo account, use all the tools and understand them deeply.

Etoro Customer Support

Etoro provides the best customer support services to the traders through live chats and gives a fast response. The customer support employee of the Etoro is well educated and has a lot of experience in the market; because of this, it gives the best solution against the problem. In addition, the customer service supported 21 types of languages to talk with investors.

Final Verdict

Etoro is one of the famous brokers in the market for its trading features and services. The trading platform of Etoro provides a variety of tools and indicators which is helpful to gain profit in the market. The traders of Etoro give positive feedback towards the brokerage firms. One of the most important things is that the Etoro is regulated by the Financial Conduct Authority (FCA) and Australians through an Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC).