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eToro — Forex Broker

eToro:

Company: eToro Inc.
On-line since: 2007
Country of origin: Cyprus
Regulation: Registered member of NFA (ID: 0382918).
Payment options: Moneybookers, WebMoney, bank wire, credit cards, PayPal and Neteller
Minimum account size: $50
Minimum lot size: 0.01 lot
Leverage: 1:100, 1:200 and 1:400
Spreads: 2 pips on EUR/USD
Rating:
3.2/10 with 101 votes

Rate eToro Broker:
Categories: PayPal Forex brokers
Forex brokers with web platform
Muslim Forex brokers
WebMoney Forex brokers
Moneybookers Forex brokers
Opinions: See eToro reviews.

Advantages:

  • Newbie friendly platform
  • Web-based trading platform also available
  • Innovative approach to Forex
  • Great user support
  • Muslim-friendly accounts are available
  • Variety of electronic payment systems for funds transfers
  • Bonuses on deposit
  • Free courses for the real account traders

Disadvantages:

  • No MetaTrader software support

Click here to open an account with eToro


Reviews:

User reviews of eToro are presented here. All reviews represent only their author's opinion which is not necessarily based on the real facts.


bolbola bola from india01/19/2010

Try to stay away from this broker!!! Well, you can use it for learning purposes but not for actual trading. It is fake, they can control your account. They know your password and they can login to your account anytime they want.

How did I find out:

?Tried "forgot password" feature and they send reply with my plain password instead of changing it to something else. That means my password and YOUR password is not ENCRYPTED on their database.


Naga from India01/04/2010

Any one observed it?

They have a fantastic, very attractive interface. (attractive to newbies)

they are the only brokers who forces you to place stoploss orders. You know many a times their stoploss triggers and then reverses.

I really pity for those who stick to this hopeless broker.

Don't know about the withdrawal procedure with them.


Daniel from Canada12/06/2009

It is a good and reliable broker. I trade for 3 months with eToro and everything is OK. Helpful and fast support, accurate order execution and smart account manager - that is all I need and got in eToro.


Musthafa from India11/22/2009

I've deposited $120 by 13th Nov 2009 by paypal. No response for my emails to credit payment on my account.

Very Bad Support!


Patrick from Miami10/03/2009

Please get away from this broker, they are nothing but thief. they still my money can't do no withdraw. beware of some review some review been post by the broker. etoro i hope your company become rich by stealing people money


etoro from cyprus10/02/2009

Bonuses can't be withdraw.

Platform lags forever.

Can't execute orders at the price you want.

No pending orders.

No trailing stop loss.

You can't trade when yours balance is below $25

and you can't withdraw your balance without complete their bonus policy.

That's all.


prasannakaliswaran s from india09/14/2009

this is bad. plz don,t use this forex broker


saif from uk06/21/2009

withdrawal is very painfull and long process.etoro cuts all opens positions at weekend.


aadil ennia from Morocco06/17/2009

platform has a lot of indeed graphic


Ahmed from from Egypt06/17/2009

I trade with eToro for half a year already and it is the easiest platform for trading and learning.

I often discuss the Forex market with my eToro account manager and his professional assistance helps me to make right decisions and trade good.


Micheal from USA05/19/2009

Etoro is worst, except for their platform.

Never choose etoro if you are going to trade with real money. The interface is easy to use but very difficult to manage and open trade positions. It gets stuck way too often, often creating negative positions, which you should beware of.

If you are looking to learn forex, use demo from etoro and then go get a different broker for real money. Don't increase the risk level that is already associated with forex; by using etoro as your platform.


Jack from UK01/11/2009

This is the easiest trading platrom I ever saw. Probably the best to get started with forex trading.


Ronald Baiz from Germany10/23/2008

:)

I didn't get it: is the trading platform for kids?



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