Broker eToro pioneered social cryptocurrency and forex trading in 2012 and is widely recognized for making the social trading experience as simple and engaging as possible. Are you know about websites like eToro? or Sites like eToro Copytrader?
Since then the broker has grown to become one of the largest Forex brokers in the world, and its success makes it clear that many traders view an active and helpful community as an important part of their trading strategy.
Also Read: Most Popular & The Best Forex Trading Platform in 2021-2022
Also Read: eToro Trustpilot Reviews: US/UK Forex Copy Trading 2021-2022
Forex Broker eToro has won many awards for innovation, and as cryptocurrencies have become more popular, the eToro broker has introduced a wide variety of crypto and forex CFDs to traders.
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Broker eToro’s trading model is very different from most other brokers and users may need some time to get used to the process of using it, but if you are looking for a fun and simple social trading experience, then Broker eToro is the right broker for you.
Account Details, Trading Conditions, and Company Description
- The base currency (base): USD
- Number of Couples: 60
- Copy Trading: Yes
- Hedging Allowed: Yes
- Scalping: No
- Islamic Accounts: Yes
- Spread Min: 1 pip
- Commission: Charges are included in the Spread
- EUR/USD: 1.00 pips
- GBP/USD: 2.00 pips
- USD/JPY: 1.00 pips
- Maximum leverage: 400:1
- Company name: eToro (Europe) Ltd.
- Founded in: 2006
- Website: www.etoro.com
- Office Location: Cyprus, United Kingdom, Israel
- Support Email: Create a support ticket on the website
- Deposit & Withdrawal Methods: Visa, MasterCard, Skrill, Neteller, Union Pay, PayPal
Advantages: Well regulated, Good for beginners, Innovative trading tools
Disadvantages: Limited education, High spreads
- Professional: Deposit minimum EUR 200, Leverage 30:1, Spread Min 1, Nothing Commission
- Standard: Deposit minimum USD 200, Leverage 30:1, Spread Min 1, Nothing Commission
Like all reputable brokers, eToro offers several types of accounts for its customers. For this broker, you only have three options: demo account, basic account, and Premium account. Read more about each account type below.
- Free Demo: Since this account is 100% free, you will not get many features in it. After opening your account with Broker eToro, you will instantly get this demo feature to start practicing trading, with $100,000 (fake money) for you to use in trading to get used to using their platform.
- Basic Account: The basic account is the next level. This type of account also gives access to a free demo account. In addition, you also get an exclusive Broker eToro promo, containing offers and savings that are sent to users via email. This type of account can be opened with a deposit of $200 to $20,000.
- Premium Account: The most expensive and most comprehensive account Broker eToro has to offer. The premium service is reserved for deposits of $20,000 or more. You get a demo for training like a basic account, as well as trading tools and tools worth $1500 per year, along with premium management of your portfolio by trained professionals from Broker eToro.
Etoro Broker has its own platform. They have the latest trading browser system as well as forex Broker eToro mobile. The platform for the web is very easy to set up to your liking so you can choose the type of currency, commodity, stock, or crypto you want to display.
To see more information regarding currency pairs, please click on the pairs on your watchlist, a detailed graph will be displayed for the timeframe you want. While this feature will not replace technical analysis, it can show you a lot of information easily.
Broker eToro forex does copy trading better than anyone. They are pioneers for this feature and have served their clients well through the latest online features they have introduced in recent years. CopyTrader allows you to copy or imitate the trades of other active traders within the same brokerage company.
You can filter in search to find the trader you want to sample based on their gain, location, selected asset, etc. A more advanced search feature is also available if you do not find the trader you are looking for.
Forex eToro Broker even groups traders into categories such as Trending, Most Copied, and Low Risk so that you can find the right trader for you to make an example.
CopyFunds is the latest innovation from Broker eToro. This feature allows traders to invest in a fund or group of best performing traders on eToro or in market funds that bundle all asset classes into one market strategy. This type of risk mitigation and diversification system exists only in eToro Forex and is a very useful tool for beginner traders.
Each broker provides a different amount of cryptocurrency that they allow trading. Broker eToro has more than most brokers, so it is a good choice if you want to add these types of assets to your trading strategy.
You can invest in cryptocurrency funds as well as into each type of crypto. Meanwhile, the available cryptocurrencies are Bitcoin, Dash, Ethereum Classic, Ethereum, Litecoin, and Ripple. The following screenshot is a quick look at their cryptocurrency trading platform.
Unique Selling Value
- Premium devices offered to provide a lot of pluses
- The platform is really pleasing to the eye, unique, and always stands out from the rest.
- Broker eToro provides a 15% deposit bonus for Premium Investors
- Optional Discount Program for those of you who are interested
- Trading by phone is also available
- Trading contests are held from time to time. Attractive and profitable.
Additional Advantages to Note
- The amount of funds given to the practice account really helps investors to feel the atmosphere when trading is carried out
- Unique platform with a simple interface, easy and fun to use
- Weekly contest with prizes
- Available for a large number of countries
- Serving PayPal (and other e-wallet)
- High Leverage Value (400:1)
Payments And Withdrawals
Broker eToro accepts many payment options so you are freer to choose. They accept all commonly used credit cards, e-wallets, as well as bank account transfers.
Worth remembering for all traders. CFD is a leveraged product. Trading CFDs for foreign exchange assets, commodities, indices, and other benchmark variables involves very high risk and there is always a chance that you will lose all your investment.
The results obtained by a Broker eToro Community Member in the past is not an indicator of the luck he will get in the future. Always be careful. Trade wisely. Apply a risk management strategy before you start trading, and never invest all the capital you have.
eToro Broker is a well-established and licensed broker, making it a reliable choice for most traders both beginners and experienced.
Their platform is often seen as the best in the business. The number of awards they have won is an indicator of their quality in general. The broker’s vision is to help investors make profits in a variety of ways, while enjoying the time they spend in trading.
Every business is about money, this is obvious. However, Broker eToro’s approach to the financial industry is to remain attentive to the wishes and needs of users.
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