- Telephone: +44 (0) 203 150 0308
- Established: 2006
- Regulation: CySEC, FCA
- U.S. Clients Allowed: NO
- Min Initial Deposit: €200
- Max Leverage: 400:1
- Spreads From (EUR/USD):3 Pips (no fixed fees)
- Pairs Offered: Over 1000
Features and Account Types
eToro offers two different type of accounts. A standard trading account and an Islamic account for Muslims who want to trade according to the Shariah laws.
eToro offers a suite of trading platforms, but doesn't offer the popular MT4 (Meta Trader 4) offered by many others. eToro offers a simplified OpenBook trading platform, focusing on trader performance and crowd generated data.
For those who are still interested in the more standard features of a trading platform, eToro has WebTrader as an option. The ability to copy the positions of other traders is unique to eToro.
The eToro trading platform is a great choice for beginners that can either learn using the more simplified OpenBook trading platform or by copying the more experienced traders.
The minimum deposit in a standard trading account is $50, €50, £50. For a Islamic account that will be $1000, €1000, £1000.
Withdrawals are quite easy and can be made using the same payment method that was used for the deposit.
Customer support is offered 24/5 via telephone, chat or email. eToro's customer support is getting positive reviews from its users time and time again.
In conclusion, eToro is a unique broker. With a variety of trading platforms, a low minimum deposit and a great customer support, it's a great option for any trader.
All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results. This post is for educational purposes and should not be considered as investment advice