Etoro

Etoro today ranks amongst the world’s busiest and most visited and most popular online forex platforms although introduced much later than some of the key forex brokers known to the trading community for benchmarking services in the forex market. Etoro has taken a much different approach to forex brokerage as it acts as a bridge between its community and its forex broker partners which visitor and customer feedback ratify to be successful. Its online trading platform reveals 2000 new trading accounts day after day from both new and competitor migrating forex and commodity traders which seek to experience etoro’s approach to online trading. Etoro has become extremely popular with a social oriented approach towards online trading which can be classified to be targeting beginner or introductory level traders although its service does not lack any features which might be classified as a prerequisite from more experienced traders that might be currently trading at other forex brokers with different approaches.

Etoro.com forex broker partners are licensed by the following Comissions and Associations
• CySec Cyprus Securities and Exchange Commission
• Financial Services Authority (FSA)
• Bundesanstalt fur Finanzdienstleistungsaufsicht (BaFin)
• Commissione Nazionale per le Societa e la Borsa (CONSOB)
• Comision Nacional del Mercado de Valores (CNMV)
• Banque de France
• Finanstilsynet
• Finansinspektionen (FI)
• Finanstilsynet (The Danish FSA)
• Capital Markets Commisions (CMC)
• Commission de surveillance du Secteur financier (CSSF)
• Netherlands Authority for the Financial Markets (AFM)
• The Australian Securities and Investments Commission (ASIC)
• The Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). Operating through eToroUSA.

Etoro Platform

The etoro platform allows traders to reach out the world’s most liquid and most busy markets with offering in currency trading, commodity trading and stock market trading with endless enhancements and aids that allow you to learn how to trade in the forex market and the spot metal markets with unique social trading tools which will allow you monitor and follow other traders and therefore cross reference strategies, trading patterns and analysis based on what other traders are doing in the etoro trading terminals.

Etoro Webtrader

The most popular offering in terms of trading software is the non downloadable web based etoro webtrader which allows traders to trade from any remote location with no download requirements on an interface which is inhouse developed by etoro and guarantees ease of use and overall flawless trading even for novices. Unlike other popular trading terminals the etoro webtrader is very, very game oriented and features social and community features which allow you to enjoy trading on different terms that you might have experienced at other forex brokers.

Etoro Openbook

As part of the ongoing enhancements in social trading etoro.com has introduced the etoro openbook beta which features a real time twitter inspired interface showing you a flow of real time trades which are executed by other members of etoro.com with statistics of the most profitable traders and visualizations of which currency pairs or trading instruments are being traded most. As a user of the etoro openbook you will have the opportunity to select who you would like to follow and therefore receive a selective feed of trades coming from the traders you determine as friends. As part of the overall promotion of the spirit of social trading etroro.com rewards its most successful traders week after week and additionally ranks its customers as top traders to follow.

Etoro Demo

As most forex trading brokers etoro.com allow $10,000 virtual balance forex demo accounts to new customers required they have downloaded their online trading platform. There are no indications in regards to if the etoro forex demo accounts are maturing.

Etoro.com

Although Etoro.com might sound like a strange brand and domain name to a rookie to the online trading market you should understand that the brand is is inspired by e as in electronic and toro which in spain means bull and therefore refers to bullish markets in the case of etoro.com. As traders we consider etoro.com both fresh and innovative and more over a very much applauded effort to compile a much different approach to online trading which can be considered very much successful due to its major acceptance from both new and returning customers at etoro.com.

Dealing Desk

As far as a delaing desk etoro.com does not use a human intervened or human controlled dealing desk but rather uses an automated approach to the usual dealing desk we know which has an objective to removing the lag and the possible error that can be caused by human intervention. The approach etoro.com maintains towards the dealing desk is not welcomed by all types of traders as more experienced traders tend to want the human factor present in order to communicate, interact and moreover execute telephone trades which makes the online forex market more alike the classic stock market. Nevertheless it is a fresh approach and a much more internet trading oriented approach which we do welcome.

Etoro Spreads

Etoro offers competitive spreads as low as two pips; compared to other forex brokers they range in the mid average level but can be considered fair in relation to the overall service offered by the trading platform.

Etoro Leverage

Etoro leverage ranges from 1:5 to 1:400 which is in the high level of the industry compared to rival brokers.

Etoro Trailing Stops

No Trailing Stops Present.

Etoro Bonuses

The eToro bonus reward program is as follows; customers depositing more than $500 by electronic bank to bank transfer can contact etoro.com and qualify for higher bonuses.

Etoro Managed accounts

No managed account offerings present.

Etoro Mobile Trading Accounts

Etoro plans mobile trading through its eToro Mobile Trader which offers online trading on all the following mobile devices required they are connected to the internet:

• Android based smartphones
• Iphone
• Iphone 4
• Ipad
• Blackberry Phones

*features are expected to be delivered to customers soon

Funds Deposit and Withdrawal

Depending on your country of residence and the etoro site (USA, UK, Australia etc) that you will sign up there are various methods of funding your account the most common being major credit cards and bank wires.

Etoro Review

Etoro is a brand new concept in online trading and it has proved to be successful through out the online trading community as although its presence online is not dramatic; its figures in accounts and visitors are. Etoro features community oriented features which allow traders to follow one each similar to the way users can follow one each on twitter; traders can select to see what other customers are doing, what they are buying, what they are selling and therefore be assisted in making their orders through the etoro proprietor trading platform which is outmost user friendly and easy to use from both novices and more experienced users which might have experience with other trading terminals like the MT4. Etoro offers its services in 130 countries with availability of its trading services in 18 languages which include amongst minor regional offerings; core offering can be found in Arabic, Italian, Spanish, Portuguese, Greek, French, Chinese, Russian, Japanese, Turkish, German, Swedish, Finnish, Korean, Norwegian and Dutch. The platform is impressively positively commented by worldwide financial journals and has received numerous awards for its innovative approach to online trading which has given it the title of the worlds largest investment network.

Etoro offers a total of 4 trading terminals which enable traders to select to trade remotely, mobile and while on the go from one account and they include the etoro desktop, the etoro webtrader, the popular etoro openbook and the etoro mobile version popularly known as the etoro mobile trader. Amongst the above described services etoro offers comprehensive forex education material it features a fully loaded trading forum and additionally offers forex coahing and live 24 hour support which can assist new customers with how to use the trading terminals or any other features offered by etoro.com. Etoro.com offers forex brokerage services through Retail FX, IC Markets in Asia and Fx Solutions in the USA. Its overall operations are subject to oversight and monitoring by 17 other commissions and associations worldwide which ensure that customers are safe.

We overall recommend etoro as a fair solution to online trading although we can say it might not be welcomed by more experienced traders which in many cases prefer solid trading with solid foundations and no widgets and fidgets. Overall etoro.com is different but we can say its user oriented, its safe, fair and beginner trader friendly. Moreover etoro.com is enjoyable; we have often received comments from traders stating that etoro.com is a short term destination for traders but in reality as far as the issue of retention of clientele is concerned we cannot determine as its acceptance is subject to needs and likes. Overall we recommend etoro.com and we do recommend you try it.