Etoro Review
Drilling Forex basics is a tedious and time-consuming deed, but embarking on a trading path unprepared is fraught with significant financial losses. Copy and social trading solutions seem a correct solution to this eternal dilemma allowing everyone to begin a trader carrier with confidence. Etoro is one of them.
Etoro Essentials
Etoro is a Cyprus brokerage firm rendering copy & social trading services. The brand belongs to Etoro (Europe) Ltd that, in turn, is an investment entity compliant with CySEC. The operator also complies with other jurisdictions:
- The Australian Securities and Investments Commission regulates the activity of Etoro’s Australian subdivision.
- FCA controls a subdivision of Etoro in Great Britain.
Though made its presence not so long (just in 2007), Etoro has quickly gained recognition as one of the largest copy & social trading solutions ever. Footprint in 140 countries and a 10 million clientele prove the dealer‘s reliability and steady growth. The reason why Etoro got a mainstream appeal is the easiness with which individual enthusiasts can trade self-determined professionals. Copy and social trading are all about the ability to automatically imitate the trading patterns of fruitful investors to turn their success into your own. That is the quintessence of Etoro.
Trading conditions
The asset catalog is presented by:
- 13 indices
- 145 ETFs
- 16 cryptos
- 47 FX currencies
- 6 commodities
- 601 stocks
CopyPortfolio is a unique feature adding up to the broker’s general product assortment. It is an investment vehicle, allowing you to invest in top-performing investors/traders or market assets that are most likely to generate a positive return in the coming months.
As a web-based trading platform, Etoro requires no downloads or extra installations to get the jobs done. This system is geared towards utmost simplicity for an end-user with no overwhelming data or stuff. At the same time, it is robust and includes everything it takes for making smart investment decisions: 66 indicators, a variety of drawing tools, watch lists, the market breaking news to name a few. The dealer does not support MetaTrader or any other related software.
As for an on-the-go experience, Etoro can easily be accessed via Apple and Android devices with mess-free synchronization between platforms, user-friendly menus, push notifications, and custom trade signals. But Etoro’s mobile alternatives do not boast impressive charting features and smooth customization as those found in the desktop version.
Additional info
Operating peculiarities:
- Etoro bridges two different worlds: a top-notch copy trading platform and a full-fledged social network.
- No trial account is supported.
- Every withdrawal here incurs a $25 commission. Payouts cannot be smaller than $50.
- A $10 inactivity fee will be deducted from your real account every month if you do not trade with Etoro for longer than a year.
Etoro Club offers an array of benefits, premium services, and advanced tools to clients based on the chosen account type.
