Review


The eTORO Group Ltd. was established in 2007 and eTORO website has launched in 2010. They have some offices in four countries: USA, Australia, Cyprus, British Virgin Islands.
Over the last few years, advances in web technology have taken online trading to new heights and this has resulted in a changing trading environment. One of the few forex brokers who have been quick to adapt to changing markets circumstances is eTORO. Over the past few years, due to their trading platform innovations, the company have won numerous awards from expert review companies like World Finance, Finovate Fall, Global Banking & Finance Review, MoneyAM Online Finance Awards and European CEO.

eTORO is nothing like the stodgy brokerage firms you may be familiar with. The company provides what it calls a social trading platform that connects you with millions of other currency traders. Using this social trading platform, you can copy other traders, search for trading gurus, follow other traders and post comments. OpenBook is a cross between Facebook and Twitter, but for foreign exchange traders. It presents a live feed with buy/sell activity as well as a list of the top performers and their gain percentages. OpenBook is a great tool for helping new traders monitor the market and learn from others.

Trading with eTORO offers traders several advantages like:
The ability to follow and copy experts with the eTORO Openbook
Guardian Angel software to promote responsible trading
More tools to help traders trade more effectively
Real Time Trading
Demo Practice Account

Trading Platform


Trading with eTORO is "easy". Whatever the actual meaning is, eTORO’s trading platforms is indeed easy to operate. Currently, the company offers four types of trading platform:

eToro WebTrader
eToro OpenBook (PEOPLE) - look my profil and history - REAL money account
Copy Me
eToro Mobile Trading Platform (Android, IOS)

"WebTrader" synchronizes with OpenBook and provides charting tools and analysis. "OpenBook" is the social networking portion of eToro, which you can use to copy trades and interact with other traders. "Copy Me" allows traders to copy the orders placed by other traders. The mobile versions produce live feeds, access to your portfolio, copy tools and more.

The eTORO only requires a minimum deposit of $50 to open an account and a minimum transaction size of 1,000 units per order. But if you deposit $100 first, you will get $50 Bonus! Leverage ratios vary depending on where you are trading from. The U.S. limits leverage to 50:1, but from other countries, traders can leverage up to 400:1 with eTORO. However, this forex broker only supports spreads down to two pips, whereas many brokers now go as low as .1 pips. eToro does offer Islamic accounts and takes deposits in USD, EUR and GBP.

Types of Trading Accounts


eTORO offers their clients four main types of trading account:

Bronze Trading Account - Basic Level
Silver Trading Account - Intermediate Level
Gold Trading Account - Advance Level
VIP Trading Account - Professional Level

Different types of accounts cater to different categories of clientele. The more funds a trader deposits, the more benefits and features he will enjoy with his trading account. The Bronze account is for those who are depositing under $1000 while at the opposite end, the VIP account is for those depositing at least $20,000.

In addition to the types of account mentioned above, eTORO also offers an Islamic type of trading account. This type of account is for Muslim patrons who want to trade Forex according to the no "Riba" principle.

Comissions


Like most Forex brokers, eTORO doesn’t charge any commissions on trades executed by them. Instead they charge a small spread of 2 pips onwards. They also do not charge any rollover fees for trades that are left open overnight. However, a small fee is applicable for trades that are left open over a weekend.

Withdrawal


Minimum investment is $50. Minimum withdraw is $20. Payment fees at withdrawals: $20-200 - $5, $200-500 - $10 and over $500 - $25!
Withdrawal's proceed time is 3-7 days.

The Conclusion


If you are looking for more interaction with other currency traders and are interested in studying how other people invest, then eTORO with OpenBook may be for you. It provides a good testing ground for beginners and can offer accounts to you no matter where you are located because it is regulated in numerous countries.
Overall, eToro is setting new benchmark for other Forex brokers to follow. Their numerous awards which they have won over the years speaks volume about the effort with which this broker have invested in their trading platform to ensure that their clients come out on top of the forex trading game. And regardless of whether one is a novice or professional trader, the eTORO OpenBook network as well as eToropedia ensure that everyone stands to gain from trading in Forex with eToro.

If you need some informations or tips about expert eTORO traders - write me and I give you more names!

Registration


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 Fund your account
 Click to PEOPLE and copy some expert trader

If you have any question, write here!

Risk Warning!
CFDs are leveraged products. Trading in CFDs related to foreign exchange, commodities,indices and other underlying variables, carries a high level of risk and can result in the loss of all of your investment. As such, CFDs may not be suitable for all investors. You should not invest money that you cannot afford to lose. Before deciding to trade, you should become aware of all the risks associated with CFD trading, and seek advice from an independent and suitably licensed financial advisor. Under no circumstances shall we have any liability to any person or entity for (a) any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs or (b) any direct, indirect, special, consequential or incidental damages whatsoever. Trading with eToro by following and/or copying or replicating the trades of other traders involves a high level of risks, even when following and/or copying or replicating the top-performing traders. Such risks includes the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders and the overall risk associated in CFD trading or traders whose ultimate purpose or intention, or financial status may differ from yours. Past performance of an eToro Community Member is not a reliable indicator of his future performance. Content on eToro's social trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of eToro - Your Social Investment Network.