eToro
 
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Info

Name:eToro
Website: "www.etoro.com"
Established:2006
CountryCyprus
Platform:Download
Email:support@etoro.com
Telephone:357-2-5030251

Advantages

  • Intuitive User Interface
  • Interactive With Good Online Community
  • Comprehensive Trade History
  • Low deposit required
  • Informative headline ticker and live FX rates in the lobby
  • Minimal Spreads

Disadvantages


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rate: 5.00


The Forex market is growing and with it, so is the number of Forex brokers. However, there are some names you will always hear mentioned among the market's leading brokers. Some of these leading brokers offer the most advanced trading platforms, others the best customer service, and then there are a few brokers that offer the best all around experience for their customers. eToro is one of those brokers.

It is very clear when examining every aspect of the Etoro experience that they had the end user in mind. Their website is clear and easy to use. All the information a trader would have to go digging for on most other broker sites is right there in front of your eyes when first accessing Etoro.com.

Etoro is known primarily for their trading platform, which focuses on simplifying the trading experience. Etoro developed a revolutionary platform that creates a user friendly visualization of the trading arena in the platform's beginner mode, and an ultra innovative interface for expert traders as well.

The Expert mode includes one click trading enabling traders to activate trades in one simple click on the requested currency. The Expert mode also includes trade history, charts, and the ability to manage trading orders. You can also read the latest Forex news and view an updated calendar of the latest market events. All this from within the platform itself.

Etoro offers their platform in a downloadable format as well as a Web based environment, which allows flexibility for traders with different needs.

Funding your Etoro account is consistent with the trading experience, ie it is simple and user friendly. You can fund your account using the standard credit card, wire transfer, Paypal, Neteller, Western Union, MoneyGram, and Webmoney.

Etoro supports all the major currency pairs with a spread of as low as 2 pips for the majors. You can also use the Etoro practice account before trading real money and with one click, begin the actual trading with as low as a $50 initial investment. The maximum leverage Etoro support is 400:1, which is the highest I have come across with any Forex broker. In addition, Etoro allows you to trade with a few different base currencies in addition to the US dollar.

Etoro also offers a commission free trading experience, as well as all the important features found in most trading platforms such as Stop Loss, Take Profit, and much more. There is also support for various commodities, and a top notch customer support infrastructure. In addition, Etoro focuses a lot of energy on their community with advanced social features found in both the trading platform and Etoro's websites. Some of these features include chat, forums, a designated Forex blog, a top traders insight, as well as various trading contests between Etoro members.

In summary, Etoro has made a name for itself with its game like beginner platform, but there is a lot more to Etoro than what people know. Their all around service is par excellence and their trading tools help make Etoro into one of the top brokers in the overpopulated space of Forex brokers.


 
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Comments (8 Comments)

Sunny 1 Comments
9/24/2009 5:47:12 PM (cid 413)

Etoro you cannot execute trades in advance . Also when there is news (when you can make money) the server goes down. Server issues and slippage make you loose a lot of money

Forexbody 1 Comments View Site.
7/16/2009 2:41:21 PM (cid 170)

The first one I ever tried demo with, I was impressed with the graphics but soon I realized I was in a casino, with every order I had to click 100 times to increase my stoploss and when I contacted them I was told there was no way to trade in Etoro's platform without a stoploss. Other cons: delayed quotes and charts are not that live like in mt4. I dumped it.

tom 1 Comments
6/4/2009 12:47:15 PM (cid 59)

I lost few goods positions (crashing when changing stop loss or freezing (too) long seconds to validate an action ...) Theirs servers are slow, we know it, they know it. But the application should manage that. I mean a server not responding is one thing, but an application that crashed because server is not responding is another thing. Even more for forex trading. But this interface is a nice effort ! And i'm sure that developers are working on that timeout prob, at less it's what i would work on.

Vinith 1 Comments
6/3/2009 9:53:57 AM (cid 58)

After discussing the issue with my account manager at eToro, I came to the conclusion that it was all a misunderstanding. eToro's support checked what I sent them and showed me that a part of it was due to technical problems on their side and a part was because of my side. eToro took responisibility for the technical problems on their side and compensated me for the amount that was lost because of the technical issues. I thank my account manager for his help on this one and I have to say my impression of eToro improved because of this story. I saw that their support department is helpful and together we solved the issue, however, not as quick as I expected. I would say after all this, eToro was willing to help, for which I will continue trading with them. PS: Jack Daniels, I get the impression you are from eToro. Anyway, either if you are or if you aren't, please dont take a whack at anyone and reply like that. If you have any honest review about eToro, do that without calling others names. DONT EVER talk to somebody like that. All are humans, and everyone has freedom of speech without hurting an individual.

Christopher 1 Comments
5/28/2009 8:49:45 AM (cid 48)

Etoro's platform rarely works, and customers service never responds, and their never online on their online chat. EtoroUSA doesn't work COMPLETELY, YOU CAN'T DO 1:400 NOR trade commodities. Etoro might have been good when these other comments were here, but now, Etoro is the worst, seriously. I've been with other brokers, Etoro is the WORST. I can't even get the platform started right now! And customers support phone number, no body picks up!

Jack Daniels 1 Comments
5/24/2009 4:13:42 AM (cid 44)

that's bulls##it man, you probably lost some money on trades and now you're trying to blame them. if the progrma is stuck, what good will it do you to stay glued to the screen? that won't help! you probably went against the direction and lost everything, take responsibility for your trades and don't try and blame the platform...

Vinith 1 Comments
5/19/2009 12:58:05 AM (cid 34)

Etoro sucks! I have had the unfortunate experience of trading with them. Their interface is good, but their server is too slow and the interface/platform gets stuck very often that we lose a good amount of money if we aren't careful and glued to the screen. NOT RECOMMENDED!!!!

Michel 1 Comments
5/15/2009 1:46:41 AM (cid 30)

Etoro is one of the best broker i have never known.

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