eToro is one of the best social trading platform which
has over 6 million users from over 140 countries
worldwide. It was featured on many reputable
channels like Financial Times, Bloomberg,
The Telegraph and City A.M.
eToro(Europe) Ltd is authorised and regulated by the
Cyprus securities and exchange commission (cysec).
eToro(UK) Ltd is authorised and regulated by the
Financial Conduct Authority (FCA). eToro introduced
OpenBook social investment platform back in 2010.
It focuses on helping new and inexperienced traders
to copy the portfolios of expert traders thereby
increasing the profit potential while managing risk
eToro Account Types-
eToro has only 2 account types. The first one is
automatically the category all the users falls under.
The premium account is reserved for the investors
who choose to upgrade either by depositing more than
20,000$ or by having at least 20,000$ equity.
It should be noted that eToro does not allow scalping.
The users are charged an inactivity fees if the account
does not show any transactions for a period of 12
months. eToro consists of a wide range of investable
assets namely Stocks, Commodities, Forex, ETF, Indices
and Cryptocurrencies which ensures that the investor
can diversify his/her portfolio.
eToro provides the users with a educational outlet called
Trading Academy. If offers live webinars, exclusive
trading course and has many educational videos which
covers technical analysis, money management and
psychological aspects of trading.
eToro Deposit and Withdrawal-
The minimum deposit required to start trading is 200$
however, the only exception is for the residents of
Israel who have to open an account with minimum first
time deposit of 10,000$. eToro supports many e-wallets
like Paypal, Neteller, Skrill, WebMoney, GiroPay and
Yandex Money. Other methods methods of funding the
account are via credit card and wire transfer. Note
that if you choose wire transfer the minimum deposit
is 500$. The withdrawals are processed usually within
1-2 working days and can take upto 8 working days for
eToro is a reputable social trading software which is
fully regulated. It has a wide range of investable
assets which helps investors to diversify their
portfolio more efficiently, along with copy
trading feature. This platform will help anyone
in their trading endeavour regardless of their
Review Date: 2018/04/13
Author Rating: 5/5
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