eToro ReviewVisit Website
- Regulated trading platform
- Internet connectivity problems can adversely affect trading capability
|Price: Free||Signal Type: Social Traders|
|ITM: 85%||Signal Execution: Auto Trader|
|Signal Delivery: Direct to your eToro account|
eToro is best described as a social investment network which encourages participants to connect with each other to trade, invest, learn and share knowledge across the network. It is the first global marketplace for traders to invest in currencies, commodities, indices and CFD stocks online in an easy and transparent way. eToro provides traders with the tools to enhance their trading experience according to their investment objectives and the chance to harness the collective wisdom of the eToro investment network by learning from or copying other network members in real time.
eToro believes that an open network of investors works better together than apart and allows every investor to leverage the power of their investing community in the way they choose. eToro’s flexible trading platforms provide fast and easy access to the financial markets. These include WebTrader and its social trading network “OpenBook” which are both suitable for every level of trading experience.
By utilising a live streaming feed of trading information provided by eToro, traders can apply the information to their investment portfolio in their quest to achieve their financial objectives. eToro’s social trading network has become widely acknowledged in the industry for its solid expertise and unique trading tools as well as providing unlimited possibilities for traders to achieve their individual financial goals.
How To Join eToro
eToro is free to join and getting started is very straightforward. Users simply need to click on the “Start Now” button on the homepage to create an eToro account and make a minimum deposit of $50. Depositing funds into a trading account is fast and straightforward and there are various payment methods available including credit card, Paypal and Skrill. After joining, users can then proceed by manually trading themselves or copying other traders.
How eToro It Works
eToro’s WebTrader is a flexible and user-friendly web trading platform complete with trading tools and community trading features. The WebTrader platform is synchronized with a trader’s OpenBook activity, making it the ideal place for a trader to monitor, manage and analyse their trading portfolio. From chart analysis and setting up position parameters to monitoring open trades and keeping up with live news updates, traders have everything at their fingertips. WebTrader automatically synchronises a trader’s account to reflect copied trades as well as the trades opened manually.
eToro OpenBook allows traders to view what other traders are doing in real time to see what kind of strategies work. With eToro OpenBook social networking initiative, the learning curve is considerably shortened by traders following and copying the trades made by their fellow traders. To start copy trading, traders simply need to use eToro OpenBook platform to search for the top social investors. When they find a trader they wish to copy, they are required to allocate a portion of their funds for copying them and their trading account copies their chosen trader’s trades automatically.
Making a profit with eToro depends on a trader’s risk level and targets. It is advisable to find low risk but profitable professional investors to copy. Some traders may leave trades open for months on end with wide stop levels which means that your equity will fluctuate over time so this is best seen as a longer term investment opportunity. It may also be tempting to follow the traders with high percentage returns. These traders are most probably using high risk strategies so it is generally best to follow traders who have a 10-20% return and have been doing so for the past year. eToro has accurate filtering tools to find the exact type of trader an investor wants to follow. It is also advisable for traders to spread their investment over numerous traders so as to mitigate the risk of having their entire investment wiped out by a single trade. It is also wise to look for traders who make frequent trades. That said, an impressive 85% of copied trades on eToro are profitable.
Etoro Scam Watch
eToro is authorised and registered in Cyprus by the Cyprus Securities Exchange Commission (CySEC). eToro USA is regulated by the Commodity Futures Trading Commission (CFTC) and is thus conducting business in a regulated environment. eToro is therefore not a scam but a reliable and dependable investment network providing a unique way of trading which has amassed a huge following. We highly recommend eToro with its full transparency, excellent customer support and above all, great track record.
Etoro Mobile App Review
With eToro’s free Mobile Trading App, traders can stay connected with an android powered smartphone or iPhone through the WebTrader or OpenBook platforms. Traders can invest in currencies, commodities and indices, view accurate rates and price charts and manage their manual and copy trading portfolio without having to miss an investment opportunity when they’re out and about.