Trading with Etoro
A social networking broker for traders,
Etoro exists since 2017. It quickly became a leading brokerage house, offering a unique trading experience. For instance, this is the single best broker to recieve FREE professional signals.
Etoro Pros and Cons
⦁ Unique social trading experience
⦁ Easy-to-follow trading signals
⦁ Quick account opening procedure
⦁ Lack of customer service
⦁ Limited product range, mostly CFDs (Contracts for Difference)
The unique social experience comes at a high price. While keeping the trading costs low,
the adjacent fees make it overall expensive. Etoro charges a withdrawal fee, inactivity fee, overnight fees, and has an overall high financing rate.
Hidden fees also exist. For instance, any withdrawal, regardless of the amount, has a $25 fee.
Account Opening with Etoro
Like the Robinhood broker, there’s no minimum account balance required when trading with the Etoro broker.
With a speedy account opening procedure, anyone can start copying trades in a matter of minutes, to profit from financial markets moves.
Deposit and Withdrawal Conditions at Etoro
No fees for depositing, but a $25 fee for any withdrawal. In other words, before making a withdrawal, make sure your trading strategy makes up for the $25 fee too.
Markets to Trade with Etoro
Forex, stocks, ETFs (Exchange Traded Funds), Crypto, and more – almost all markets appear. However, the primary focus when trading with Etoro is on Forex and CFDs.
Etoro Trading Platform
A platform that allows copy-trading, with a simple and intuitive format. In other words, the easiest way to use the trading signals.
Users directly copy other traders’ positions in real-time, making the Etoro trading platform easy to use for trading signals.
Research and Customer Service
Basic fundamental data accompanies info for most of the companies offered to trade by Etoro. Also, the management component, as well as analyst's ratings, exists.
Etoro offers no live chat nor phone support – email support is the only way to reach the broker, but that’s a slow process relative to the live chat option.
Trading Education at Etoro
No trading education videos exist, but one can open a demo account
and learn on his own. Also, tutorial videos on how to use the Etoro trading platform makes it easier for the retail trader to place trades and learn the platform’s features.
Funds Safety with Etoro
Regulated by the FCA
(Financial Conduct Authority) in the United Kingdom, Etoro offers negative balance protection to its clients.
When looking for a Forex signals comparison, Etoro comes on the top of the list every time. With a fun, an interactive trading platform, the overall experience, from funding the trading account until cashing out, is excellent with Etoro.
If you plan to use signals then 100% they are the broker for you without a doubt, you can make a profit in the market with little to no experience - if you need any help setting up signals on the platform then you can speak to us or Etoro support.
Find out more or open an account and start making profits today by clicking Etoro Home