eTORO Review
eToro is a large brokerage company founded in 2006 maintaining headquarters in British Virginia Islands. eToro is a Market Maker Forex Broker offering CFD trading, Commodities, and Energy Trading. eToro is famous for its advanced copy-trading platform OpenBook. eToro OpenBook has been connecting financial traders from around the world for many years now. The OpenBook platform connects today more than 1.5 million traders. The home page of the platform offers a live trading feed. This feed allows traders to see transactions live as they are happening on the OpenBook Trading platform, but also to monitor rankings and social trading features.
- eToro is the perfect choice for Forex Traders that seek Social Trading and Copy-Trading Features
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Here is eToro Review & Rating Summary.
◙ eTORO Review Summary
eTORO BASIC FACTS & NOTES |
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MARKET MAKER FOREX BROKER |
eTORO TRADING INFO |
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eToro Assets |
eToro offers 16 Major Forex Currencies, CFDs, Commodity Trading, Stocks & Indices and Oil Trading | Wide variety of CFD assets |
eToro Spread / Trading Commissions |
eToro Minimum Spread based on EUR/USD is 3 pips for regular accounts and 1.3 for VIP and Gold Accounts
■ No Trading Commissios by eToro
■ GBPUSD spread is 4 pip (regular)
■ USDJPY spread is 2 pip (regular)
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Normal spreads compared to other Market Makers. No trading commissions are charged. VIP and Gold accounts enjoy tighter spreads |
eToro Leverage |
eToro offers Leverage up to 400:1 | High trading leverage but it is better not to use leverage above 100:1 |
Lot Size |
The minimum lot size is 0.1 | |
Scalping / Hedging |
Scalping is not allowed by eToro, -N0- Hedging is not allowed by eToro, -N0- |
No hedging/scalping |
eToro Platforms |
eToro offers: MetaTrader4, Web Trader and OpenBook | Good variety of trading platforms. The great innovation of eToro is social trading through OpenBook |
Automated Trading |
Yes, eToro offers signals using eToro OpenBook |
Copy trading is a popular option at eToro |
Mobile Trading |
eToro offers several mobile applications. |
Mobile App for iPhone, iPad, iPod, and Android. |
| The Company |
eTORO COMPANY INFO |
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eToro Foundation |
eToro was found in 2006 | Many years in the market and a wide client base from around the world |
eToro Headquarters |
eToro headquarters are in the British Virginia Islands | Low taxation in BVI provides a strong incentive for financial companies |
eToro Regulation |
eToro is regulated by NFA, CFTC, ASIC, CySEC | The eToro group is regulated by many bodies around the world. The NFA and CFTC are corresponding to eToro USA |
| eToro Accounts |
eTORO ACCOUNT INFO |
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eToro Account Currencies |
Euro, USD, and GBP | 3 currencies are available when opening an account at eToro. |
eToro Deposit Money |
Cards, Wire, and Internet Wallets | Many payment methods are available. |
US Residents |
No, eToro forbids US Residents -No- |
No US residents. |
eToro Minimum Deposit |
Minimum Deposit at eToro is 50 USD |
Tight deposit requirements. |
◙ Rating eToro using Rating Brokers Formula v.4
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RATING FCTOR |
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SCORE |
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| 1.eToro Reliability Analysis | 84.5% |
| 2. eToro Competition Analysis | 41.1% |
| 3. eToro Trading Options | 54.8% |
| 4. eToro Technological Analysis | 60.0% |
| eToro Overall Rating | 59.7% |
■ eToro Review
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