eToro — Forex Broker Rating and Review 2020

eTorohttp://www.etoro.com/
Status
Regulation NFA, CySEC, ASIC, CFTC, MiFID, FCA
Trading software eToro webTrader, etoro Openbook, eToro Mobile Trader
Headquartered eToro (Europe) Ltd. 7 Omirou St., 2nd Floor 3095 Limassol, Cyprus

eToro is one of the largest currency trading companies operating currently on global financial markets. forex etoro was established in 2007, its headquarters are located in Limassol, Cyprus and broker etoro is a Cyprus licensed and registered investment company. forex broker etoro operation and services are regulated by the Cyprus Securities and Exchange Commission.

Broker etoro offers its customers trading at eToro WebTrader trading platform with real trading accounts starting from as low as $50. The maximum leverage at forex broker etoro reaches as high as 400:1. The broker offers auto copying services as a part of so called social trading community. This feature allows even an inexperienced trader to commit profitable trades. Social trading within the etoro forex community network allows each trader to view, follow and automatically copy the trading orders of professional traders. Currently broker etoro clientele counts more than a million and a half traders from more than one hundred countries worldwide. Besides real accounts forex broker etoro offers demo accounts to those who want to test and review the company’s products without risking their funds. At the same time thousands real of trading accounts are opened with the broker on a daily basis.

EToro offers its customers trading most major currency pairs, some exotic currency pairs, futures, precious metals, oil, binary options and many other trading assets. The broker’s client support works on the round-o-clock basis and is very responsive and helpful. During the nine years of operation the company has received a range of prestigious awards from major financial media resources.

On the broker’s profile page on this site you can find etoro reviews posted by the company’s clients as well as you can leave reviews of your personal trading with the broker.

eToro trading information

WWW http://www.etoro.com/
Address eToro (Europe) Ltd. 7 Omirou St., 2nd Floor 3095 Limassol, Cyprus
Headquarters Limassol
Free phone +61-1800-778-583
24 hour support
Partnership programs
Trust management
Free education
Bonuses, Promotions
Sponsorship contests, competitions
Mobile trading
Automated trading
Daily analysis
Demo account
24 hour trading
Accepts US traders
Digits after the dot in quotes 4
Minimum position size 0.1
Pip spread on majors 2
Spread Type fixed
Maximum Leverage 400:1
ECN, $
Standard account, $ 50
Micro account, $ 50
Popular payment methods Credit Cards, PayPal, Wire Transfer, Bitcoin
Account currencies EUR, USD, GBP, JPY, CHF
Available assets Bitcoin
Languages English, French, Spanish, German, Russian, Italian, Chinese, Arabic, Turkish, Portuguese, Japanese, Polish, Greek, Dutch, Swedish, Finnish
Platforms eToro webTrader, etoro Openbook, eToro Mobile Trader
Broker type
Regulation NFA, CySEC, ASIC, CFTC, MiFID, FCA
Foundation 2007
Copy Trading Brokers
Bitcoin Forex Brokers

I have problems with eToro from the beginning as I can't change my billing address and I have become unable to invest as I can't even verify my account nor talk to anyone from costumer service. My savings are in risk and I regret horribly trying the investment with this app.

David   10 May, 2020  

Unable to talk to costumer service, unable to change billing address, unable to invest or withraw. only can deposit basing in an extremely advantageous exchange rate. I can't do anything and I feel my savings are in risk of suffer a big cut by these people who jodes from me.

David   10 May, 2020  

Etoro seems to be known for having this repeated occurrence where they make false trades on their auto trader platform and make you lose all your capital, I lost all $46,000 worth of capital. They are clearly abusing their authority. If you have lost your finances on Etoro or in a similar situation, they are currently being investigated.

Gregory D. Church   13 September, 2019  

I was conned into taking a bonus matching my original $17000 investment made over the phone. According to CToptions policy, I cannot withdraw any funds until $30,000 worth of trades has been executed. This was not explained to me and when I wanted to withdraw $3000 from my $27,000 balance, the request said pending for 6 weeks, and after several requests over 6 weeks made to account managers who ignored my requests, I finally got a request denied.

Kim Henderson   19 August, 2019  

eToro has unjustified deleted my profits without any explanation based on any real data or evidence. I think their behavior is very worrying for all eToro users and I think it's appropriate to take action against them.

Disappointed Client   6 June, 2019  

On the long run the fees that they take will take more than you get out of trading or copying a trader. Stay away, fees are to high.

Tim   17 April, 2019  

EToro is NOT the trading company I would suggest. I opened a Canadian account about 5 yers ago. Since I am still working full time, trading was limited so I decided to set my bids on certain companies and let it ride. By mid December 2017, last time I checked, I pretty well doubled what I had invested, which was most likely not significant to Etoro but a lot for me. Thinking I was doing well, I checked again in March and my account had disappeared, I googled and found out U.S. and Canada were cut off. Even though I read there was supposed to be an email to American clients TWO weeks before the deadline, that we were being cut off, there was NO warning; I never received the email with their generous 2 week notice. It must have been very low profile because I had no idea until I searched inline. I contacted customer support and received NO reply. I was ignored. Not significant enough for this big trading company, I am just a little fish in their big pond who is not worth their time. Shame on you Etoro. I am hoping everyone will read this to find out what EToro is really about and people think about it twice to invest money with these insensitive crooks with their 2 week one time notice and then walk away with your money. Again, I did never see that email.

Eva Saller   4 April, 2018  

I highly suggest to get to know the company first before trusting them fully. I went through the usual problems the clients face with eToro in ... You'll be surprised on what you can find.

Bryan   2 March, 2018  

Looks like this broker is competitive compared to other companies. On other side, the trading software and services are far more appealing and easier to use than in other companies. Also, I have the opportunity to use trading signals feature that is getting probably the main competitive solution among brokers that I have traded with. In addition to developing trading strategy, broker offers effective software and metrics for continuous process innovation and improvement of trading strategies.

David_SW   16 February, 2017  

It is new and it grows fast attracting a lot of traders by quite comfortable trading conditions and I am among those traders. eToro pays attention to education making forex easy for the beginners. It creates wide informational space using crowd-sourcing and comments of other clients – why not? it is cool and helpful to get the needed answers to the questions from people trading within eToro. I’ve learnt rare expert opinion and experience here. I like the eToro platform – here I can play in forex gaining retail trader experience! It is simple and flexible. The access to financial market is fast and steady. I am impressed by the broker’s perfect personal service. They send news and traders insight reports developed by their analysts. I can see, follow and copy the successful trading systems of other investors through the broker’s investment network. I enter it and can get the access to trading history of any trader. This is really like a game. There are no difficulties and tension, just amusement leading to the profit!

Kee5588   15 June, 2016  

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