eToro is world leading social trading platform which deals with trading and investing in all major markets including stocks, forex and even cryptocurrencies. eToro was initially established in 2006 as RetailFX by two brothers (Ronen and Yoni Assia) and their partner David King. Their goal was to build user friendly online trading platform suitable for all traders regardless of their level of experience. Over the years, eToro has really grown and gained alot of trust from trader all around the world. Million of traders from over 140 countries use the platform one a daily basis with over 200 million trades opened.
It is also important to note that eToro created the CopyTrader System, a patent technology which allow users to easily copy trade of other successful traders as easy as with a click of a button.
eToro is a regulated international broker.
Pros OF Using eToro As A Trading Platform
1. Fully Regulated: eToro is a regulated by Cyprus Securities Exchange Commission (CySEC), Financial Conduct Authority (FCA) and Australian Securities and Investments Commission (ASIC). As a trader, this is one of things you want to look out for cause it reduces the risk of scam.
2. Reputation: eToro has been in existence for over a decade and as really proven itself to be a legit trading platform. Millions of traders use their platform with alot of positive reviews.
3. Security: All users assets are secured using industry leading security protocol.
4. Demo Account: Traders who signup for access will be given virtual $100,000 for trading. The platform allows traders to test their skill without having to risk lossing real funds.
5. Social And RealTime Feedback: eToro really focus on socializing trading, chat/discuss with other traders in real time.
6. Mobile Trading: Apart from using their website which is also accessible on mobile, users can download eToro trading platform app on their Android and iOS devices. The mobile app is intuitive and let traders view feeds of other traders in real time.
7. Multiple Deposit Methods: eToro support a wide variety of payment options like PayPal, Credit/Debit Card, Webmoney, Skrill, Neteller, Wire Transfer and more. It is important to note that minimum deposit is $100.
8. Low withdrawal fee of $50.
Cons Of Using eToro As A Trading Platform
1. 24/5 Support: Support are only available 24hr only on weekdays.
2. $25 Withdrawal Fee: Some users regards the platform $25 withdrawal fee as "too much", though this is pretty understandable if one consider the amount of service and feature they offer.
eToro also have an affliate system it calls the partners program whereby if you invite someone you get centain percentage of service fee charged on your invitee transactions.
It is important to note that CFD trading involves alot of risk you should be fully aware of, you can risk lossing all your money by involving in this kind of trade.
