eToro Reviews and Comments – Page 2

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Anyone who want to play this such of thing ust see for the comments to this company, if there is bad comment according to this company, so better to think for twice, because in this site, anyone can use different name, so i guess pierre and nomi6224 r the extoro team, so u must think for twice to believe them. i have no idea about ex toro, but maybe it's better for us to go find another company, because of the bad comment in etoro
Albert 23 Apr 2013 Reply

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Apart from the spreads being a bit too high I would say this is a great broker for entry into the fx market and would recommend it simply because of the ability to copy the best performing traders.
JS 8 Oct 2012 Reply

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I have used Etoro over the past couple of years and never had a problem with them. As for google them an see. Google any forex broker and the word scam after their name and you will get the same results. A company with so many users cant keep everyone happy.
fxfinder 4 Oct 2012 Reply

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i am using etoro and i have used almost 7 others, but really guys, etoro is the best of all. it is very user friendly.
the support team is available to you 24/7 and they are amazing while helping you in your problems.
thanks etoro suppot team, you rock!!!!!!!!
nomi6224 29 Nov 2011 Reply

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oh c'mon don't even try to put some water on the fire "etoroteam", i used etoro for some time as my broker, firts of all i didn't got my money from the challenge, i sent my identification card, a letter from the bank with my adress, my driving license, everything that was asked even the 250$ to fund the account, nothing, then to withdraw the money i recieved half the money i requested on my account by money transfer, it took 17days, a wire transfer, i complained to etoro, they said they would take a look on the withdraw, another week they said it was mistake they were going to withdraw the rest that was missing, another week, finally i recieve the money, i complained on the chat several time to other users, i was blocked for 2/3 days, couldn't "log in", was more like a "shut up", when i finally got my money back, 2months were gone and a lot of headache.

P.S. everytime i was winning money or loosing the connection got slow and sometimes i couldn't log on to close position, lost some money with that, although i had a superfast ADSL network.

There was a lot of things i just can't find words to express what my review is from etoro, i mean, it's so bad, so bad, please get metatrader4 or something else as a broker
ex etoro user 14 Nov 2011 Reply

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Almost openend an eToro acount. that was close!
I had an account with iForex, try getting profit or your money back from those guys!
Are all the Brokers based in Greece and Cypres dodgy? Tough for me to say as I am part Greek.
Will go to 4XP. I have not really heard any bad stuff about them.
Adios
Kevin 27 Oct 2011 Reply

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I used different platforms over time. Etorro is simply the best and easy to use for newcommers. There is a difference between losing because you made the wrong decisions and a poor site. Most of the comments on this site tell me more about a poor loser than Etorro.
Pierre 11 Oct 2011 Reply

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How true!! It will block you from entering the system if you are in profit but if it's in the loss, you can easily log in! I lost a few hundreds this couple of days with them. This is because when I tried to log in to stop the trade, I just could not log in so in the end I lost all the money. Hmmm before I thought Etoro was the best platform. Only when you have experienced what NEO said then you will realise that this Etoro is so dirty...
ady 26 Aug 2011 Reply

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Dear traders,

I would like to respond once again to some of the latest things that have been said here. Regarding the stop loss and take profit, these can easily be managed after opening the trade, so there is no need to waste time to set them up before opening the trade.

As for connection problems, there are various reasons why these can occur. The major factor is usually your connection, but there can be other factors, such as the other programs running on your computer. As Trader pointed out, there was another platform open on his computer while he was using eToro with a relatively slow connection. This means that the other platform is taking up some of the bandwidth, and as forex trading platforms are constantly streaming live market information this takes up a lot of bandwidth which can cause connectivity problems.

As I said before, most of our traders do not experience these problems, however, we are more than happy to compensate you if you have suffered any losses due to connectivity problems. If this is the case please contact us through our website.

I wish you all happy trading,
Laura, eToro Team
eToro Team 25 Aug 2011 Reply

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Yes , I am 100% Agree with NEO, I have lost a lot of money because of the ticks in etoro platform , they are real pirates.
please don not ever think about using that broker.
George T 6 Aug 2011 Reply

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Newbee Trader - VERY TRUE...

Neo - As i'm just a beginner i'm working on practice accounts, That connection problems, also happens with me oftenly... I only have 2mb... I really thought it was my net problem, but then one day i had 2 different brokers platforms open, etoro and gomarkets platform. i just or.dered on etoro then i came on other platform when etoro platform "ding" sound pop.. connection out... but my other platform was still working... Since then i never used eToro... The only thing i liked about it was the traders current stats... i use to depend on it (Stupid Trader).. now that you point out that it could be the 1000's of newbies - making a matrix(1 following another)... this Platform loses all my likes... And that stop loss o.r.d.e.r. problem just made me so confuse... this so what easy panel made forex trading real hard...

P.S - i'm not promoting any broker, I won't recommend anyone to use this gomarketsaus either as its not much known... just saw its ad at babypips... just practicing don't have any plans to trade on it for real...
Trader 20 Jul 2011 Reply

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Trying out eToro and found it ok except for the length of time it takes to edit the stop loss and take profit options. By the time I got through these the market had moved by more than 20 pips.
Newbee Trader 8 Jul 2011 Reply

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Dear Neo,

We’re very sorry to hear that you had a bad experience with our platform, however there is a simple explanation to the connection problems that you described.

First let me make it clear, we don’t use temporary IP blocking. Most of our users trade with our platform without experiencing any problems of lagging or freezing. However, if your connection is unstable that will cause temporary freezes because the connection goes on and off. Normally, a 20mbps connection is very fast, however speed doesn’t guarantee that it’s a stable connection or that you’re not experiencing connection problems. Unfortunately, while half an hour for a movie is pretty good, with a 20mbps connection you should be able to download a movie in 15 minutes tops. The fact that you didn’t experience any connection problems with your neighbor’s wifi only points to the fact that your connection is not working properly.
As for the issue with the managing of stops, we do limit the rates at which you can set stops simply because eToro discourages scalping – it’s much too risky for beginner traders. However, if you’re interested in scalping eToro has other options it can offer you, all you have to do is contact us for more details.

And lastly, eToro’s brokers are all regulated by respected regulatory authorities world wide. For more details please see the “license and regulations” page on our website.

We would still however like to compensate you for any inconvenience caused to you while using our service. Please contact us through our website and inform us of the precise details of your complaint, including your username at eToro.

We wish you happy trading,
Laura, eToro Team
eToro Team 19 May 2011 Reply

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its very simple & user friendly, gives amazing offers, etc
Robert 26 Apr 2011 Reply

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wow! I was about to open an account with them, but your comment makes me think twice about it...their charts and interface are very user friendly and when u see how much money the best traders are aking on the weekly competition, you tell yourslelf well that could be nice...anyways I will definitely dig more about them before comitting eventually...but this IP BAN THING is really horrible!!!
Skyruler 22 Nov 2010 Reply

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eToro ? I used this "THING" for 2-3 years...(playing...I only deposited 50 bucks two times during this period...try to understand why....)
You know what...? The first times you enter the Forex , you just make errors and errors and errors...so , you don't even mind blaming the "broker"...but once you get used to it (the market) and once you start getting serious about building up a portfolio(bu.ying books , studying and reading and practicing on free accounts) you start realizing things you wouldn't ever realize...
I 'm a software programmer and I've never seen such a SCAM , even in VIRUSES.....
True , their application "SEEMS" a lil'bit more serious NOW , BUT IT ISN'T !!! IT IS SO FULL OF BUGS IT SEEMS MY DIRTY TRASH CAN !!!
Here's a list of the things I hate :

- in practice/real mode ( with both the desktop version and the webtrader version) , if you're goin well/bad , they'll BLOCK YOU preventing you to be able to enter again in the software WITHOUT EVEN DISPLAYING ERROR MESSAGES !!
They used to call this "network error" or "LAG" ...you know what ? IT IS NOT !!! How can I be so sure ? Cause I tried connecting with my neighbor's open-access wifi lan AND IT JUST WORKED !!
You know how's called that ?? TEMPORARY IP - BAN ( I wonder about "the others" by the time I found this....) !!!

-the stop losses / take profit editable parameters ARE LIMITED TO BROKER's DECISION ( but this software is such a crap I could be able to find a trick to pa.ss over this limit..problem is it requires so much time I just say "who gives a f***" sometimes...I'll never put another cent there...)

-ultra slow connections...so slow I wonder why I'm still paying for a 20mbit adsl....damn..I live in Rome !! I can download whole movies in less than half a hour in this city and from servers from the world !!!!

-you just cannot leave this thing unhattended...and that is BAD . The last thing you need while trading is fear ...ou..hey ?? guess what ?? eToro GIVES YOU THAT TOO and IT ISN'T EVEN FREE !!

-surprise spreads !! so high you'll only scalp 1buck each 10 !! in sum : you're not the "white collar" , you're the BLUE here (besides all those green stuff....)

Also , THE FORUM DOESN'T EXIST ANYMORE and the major part of their " indicators " are based on their STUPID CLIENTS 's DECISIONS (don't worry reader...I'm stupid too...) !!!
Imagine a bullish / bearish trend indicator based on mere irrational decision taken from THOUSANDS newbies....
Without even talking about the chat.....if there's something really unprofessional for a trader IS A CHAT ROOM TO WASTE TIME (while ,instead, TIME IS MONEY)
And if you're psychologically-weak , enough to believe other users thougths....damn...you're lost...and your money too....

Here's your "deal"

Take care guys.

PS : regulated ?? LOL !! I wonder who's the bastard wich is drowing under our money........

PPS: tell you're webmaster this "word checker" cannot even recognize the word "pa.ss" (the dot is used to avoid it) from "a.ss" .........DUDE !! are you working with eToro or what ?
is all this for real ????
Neo 9 Nov 2010 Reply

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Etoro is a genuine company, they can be trusted with money. However their platform is rubbish, you can lose your money just like that. 1. There is no trailing stop with Etoro as with Metatrader. Their plaform does not accomodate small traders since they do not have mini lots. Their leverage is too high you can get wiped out just like that as much as you can also make huge amounts of money just like that.
Michael Masanga 1 Nov 2010 Reply

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As most of these software/platforms for trading currencies do, they earn they're money from their clients. The last example I know of, was a huge and very respected investment bank (Sponsor of a Tour de France team), who I acused of delays in trading and is prosecuted at the moment. It also came to the surface that something like 90 % of their clients lost money in their relationship with the bank.

So, to be more straight. If you like gambling and often goes to casinoes etc., the forex market might be worth considering even thou the changes of winning is less than your odds at a Roulette table (1:36) . But IF, you want security, sound and healthy investments? Do not gamble here.
Rune 5 Oct 2010 Reply

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I wish people would not post 'empty' posts, but something others can at least learn from. I.e. ...

"31 March 2010 | Samuel | eToro
At eToro has one huge problem - they work against clients. And this problem the most important for them."

What exactly do you mean and how do you know it? Most people on here want to learn and comments like that just does not help and devalues this site.
Jack 22 Jul 2010 Reply

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"Retoro" Etoro for Retarded. Should make re branding!!
FX Trader 6 Jun 2010 Reply

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Etoro is legitimate. Very good trading plaform. No problem with TP or SL, execution or withdrawal. They do not work against clients.
Michael, UK 17 Apr 2010 Reply

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making only stop loose but unable to reach the take profit. net conection is very pour .
rajesh ranjan 12 Apr 2010 Reply

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At eToro has one huge problem - they work against clients. And this problem the most important for them.
Samuel 31 Mar 2010 Reply

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etoro had lots of problems, but the new version they launched solved most of them 
and as for the bonus - I received several bonuses from them without any trouble.
DeliveryBoy 18 Feb 2010 Reply

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They have a huge spread on EUR / USD 
Do not give you a bonus as promised. 
The worst choice for beginners.
e-toro casino 17 Feb 2010 Reply

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John and Karetsu - As said earlier by trembler: 
STOP POSTING BULL**IT COMMENTS WITH NO REAL VALUE! 
 
robbed? joke? can't change SL and TP while trade is open? that's bul**hit. 
if you want to review the program to it properly. etoro has a lot of problems (changing SL and TP while trade is open isn't one of them) but it's not a fraud or scam. they are legit and regulated just as the next forex broker.
Thinkpad 17 Feb 2010 Reply

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The explosion of the Forex Market worldwide has created a sort of awkward situation for the Island of Cyprus. Before its acceptance in the EU in 2004, Cyprus was an Offshore Company Tax Haven, because of these tax peculiarities as well as its strategic positioning between three continents, Cyprus experienced a built up of unregulated forex brokers establishing their operations on the island while still being registered in also other offshore tax-heaven jurisdictions such as BVI, Seychelles, Costa Rica, Belize, Mauritius, etc. Since these companies were not and still are not regulated by any well-recognized authority, being just a shell companies, they simply do not comply with any anti-money laundering law, because of this one can only characterize them as cowboy companies. 
 
It is because of these companies amongst others that Cyprus was blacklisted as a money laundering country. But, since 2004 Cyprus has joined the European Union had to comply with European Union law and European Parliament Directives, which it did in large part but not completely. This part compliance has removed Cyprus from the blacklist. The efforts of the Cyprus Republic to regulate its market where serious, in 2003 CySEC was established. CySEC (Cyprus Securities and Exchange Commission ) is a regulatory body – (www.cysec.gov.cy) which amongst others also regulates FOREX. As per its announcement of the 17th June 2009 (full version located at: http://www.cysec.gov.cy/Downloads/En...ng%20FOREX.pdf) CySEC defines what is considered to be a FOREX company and what are the requirements to operate one, are: “the persons which provide the abovementioned activity of foreign exchange spot trading have the obligation to submit an application to the Commission in order to be granted CIF(Cyprus Investment Firm) authorization.” 
 
Cyprus wants now to safeguard the good name it has fought so hard to establish, it is for this reason that on the 6th of November 2009 a small announcement of only a few lines was dropped as bomb in the forex industry. It simply stated: “The Cyprus Securities and Exchange Commission (‘the Commission’), in continuance with its announcement dated 17 June 2009, wishes to announce the following: 
Persons that conduct foreign exchange trading transactions, which do not aim to the physical delivery of the agreed foreign exchange or are not materially settled in cash, should, within one month from the date of the present announcement: 
 
1. submit an application to the Commission for the granting of a Cyprus Investment Firm authorisation, or 
 
2. cease to provide the above service. 
 
The Commission, upon the lapse of the one month notice, intends to take measures against the persons that did not comply with the above as they will be in violation with the provisions of section 4 of the Investment Services and Activities and Regulated Markets Law”. (see full version at: http://www.cysec.gov.cy/Downloads/En...ding%20(2).pdf) 
 
This short statement simply announces to all unregulated companies which are operated from Cyprus – having headquarters in Cyprus, accepting correspondence and money in Cyprus and providing forex services to the internet community, (The short list of these companies is – Prime4X, Forex4You, FXOpen, TadawulFX, IkoFX, eTorro, BroCo and so on) to simply disappear. 
 
This deadline is simply too small for these unregulated companies to go through the process of regulation, it is therefore natural to say that they are not welcome anymore in the Republic of Cyprus and they should either shut down completely or find another country to operate. If they don’t they will be prosecuted at the full letter of the law. 
 
In accordance with Part XVII of the Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007) - 140.-(1) A person who is in violation of or does not comply with subsection (1) or (3) of section 4 or section 139, is guilty of a criminal offence, punishable, in the event of conviction, by a term of imprisonment not exceeding five years or by a fine, not exceeding three hundred and fifty thousand euro (Ђ350.000) or both. 
 
This means that nobody will be able to work with these companies, neither Cypriot employee, banks or money transferring organizations; it does not take a genius to understand that if anyone is carrying deposits with these companies will simply not be able to withdraw them and is in very high risk in losing his or her funds forever. This means that these companies become a criminal business. 
 
My best advice therefore is unless a company is regulated, especially if it operates from Cyprus it is not worth to work with. It does not matter how much money in bonus they give you when they will simply not be able to wire it to you, they will disappear one day in Cyberspace like so many others have done before. 
 
Dec 07, 2009
Julian 23 Dec 2009 Reply

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I'm new also at this... but I wonder, could be a forex broker bankrupt...?
rintoz 13 Nov 2009 Reply

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be wise people,,,first time it was turbulance in connectivity but then it become better than ever. please understand it carefully about your problem
servant 24 Jun 2009 Reply

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For beginers this is the kindergarden broker, but when you need more than 8 currencies, a mobile trader and fractional pips you will need to move.
Dragon Dog 20 Mar 2009 Reply

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eToro

Everyone seeks to make their hard-earned money work smarter. Whether you're dipping your toes into the investment waters for the first time or have been navigating the financial seas for years, we all aim for a stronger financial future. Founded in 2007, eToro was built upon a vision of...

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