eToro - Is It Really Trusted and Safe for Users? - Safetrading [Review 2020]
eToro is a social trustworthy platform for opening online deals on stocks, currencies, indices, and commodities and has more than 13 years of experience.
Stocks and currency trading are as popular as crypto now (P.S. maybe even more), and there are thousands of “brokers” who wish to get your money and nothing more.
And we will help you to choose the best trading platform.
The best and trusted!
In today’s eToro review we will talk about this platform, its functions, features, advantages, disadvantages, etc.
What Is eToro?
As I told you before, it is a trading platform with a big experience.
Did you know that in the beginning of its activity it was named as “RetailFX”?
This company was opened by two brothers - Ronen and Yoni Assia and their partner David Ring.
The goal of this platform was and is to provide users a financial online platform for trading which will differ from others because of friendly support and the possibility to trade for all users with any experience.
Yes, guys, remember that licenses are the most important while choosing the broker!
For example, our reviewed platform is regulated by two different countries - the UK, Cyprus, USA, and Australia.
In the UK it is registered in British FCA. This broker is consistent with the requirements of MiFID as well and has the right to offer the services in the eurozone.
In Cyprus, it comes under the surveillance of CySEC. The platform received a license as CIF (Cyprus Investment Firm). Cyprus has very strict requirements, and this platform corresponds to all of them.
Types of Deals
As I told you before in this eToro review, it allows you to make trades on different eToro markets: stocks, crypto, indices, precious metals, commodities, currency pairs, and ETFs.
At the beginning of 2014, the platform allowed users to trade Bitcoin but only as with a derivative CFD. So they can buy or sell Bitcoin as a financial instrument, the price on which is formed on the open market.
So, start the eToro login process, and let’s trade!
It cares for beginner traders, that is why you are able to choose among 2 accounts - standard and educational. To open the standard account you have to replenish the account with an eToro minimum deposit of $50 only and then you can start the eToro login process.
eToro Fees and Spreads
This platform doesn’t charge any annual fees or fees for joining the platform. All the spreads vary depending on the rules and conditions of the trader.
The minimum withdrawal amount is $30, and eToro withdrawal fee is $5 for any sum.
It offers traders to join the program “Popular Investor”.
With its help, you can earn additional money while making your trades.
A trader that allows other traders to copy his deals, can get a reward of 2% of his annual deposit.
By the way, popular and successful traders can count on getting back 100% of spreads from all their deals.
Pros and Cons
Like any other platform, it has some advantages and disadvantages. They offer good support on eToro login error,
Among its advantages are:
But, there are some disadvantages. In this case, I can’t say the platform has some significant cons.
It has a lot of years of experience and all the licenses that are important. The only thing which can be not very convenient for users is that you can’t get support during Saturday-Sunday.
How Reliable Is It?
As I told you in our eToro review, it has experience of more than 13 years and it is respected by users all over the world.
Of course, it was mentioned by different blue-chip companies, but the most important is that they have regulations.
And they have never lost them!
As you know now, this platform is regulated by British FCA, FinCEN, ASIC, and CySEC.
All the clients’ money is stored on segregated accounts in the best banks.
In this eToro review, we discussed its features, functions, advantages, and disadvantages.
This platform has been active since 2007 and its goal didn’t change - they wanted and still want to satisfy their users.
This platform has a very easy process of opening accounts, and even if you don’t have enough experience, you can open an educational one.
And for experienced and successful traders they have special bonuses - 20% of their annual deposit and 100% refund of all the spreads.
As you see, it offers a lot of opportunities and motivation for users! Even the beginner dreaming about the above-mentioned bonuses wants to become a professional trader!
Everything is in your hands - start the eToro login process, because you can make money with it! P.S. You can download the eToro app for the mobile phone and check eToro review Reddit.
Anyway, if you want to go through other platforms reviews, visit this page where you will find everything you need!