■ Islamic Accounts: eToro supports Islamic Accounts –YES-

■ Languages: eToro website supports 16 Languages

eTORO TRADING INFO SUMMARY

■ Broker Type: STP (Market Maker)

■ CFD Trading: YES

■ Platforms: eToro web trader, eToro OpenBook, and MetaTrader 4

■ Trading Time Zone: GMT

■ Demo Account: eToro is providing a Demo Account –YES-

■ Typical Spread EUR/USD: eToro's spread on EUR/USD is 2 pips (at the time of the review)

■ Leverage: Leverage at eToro can be up to 1/30

■ Scalping: is forbidden at eToro –NO-

■ Bonus: eToro offers a Bonus of up to 10%

 

💱 TRADING ASSETS

eTORO TRADING ASSETS

eToro is providing a wide variety of Financial Assets, including many Forex Currencies, Stocks & Indices, and major Commodities. Here are the major assets offering by eToro plus their spread. 

■ Forex Currencies / Spreads	■ Commodities / Spreads	■ Indices / Spreads
Euro/US Dollar 3 Pips British Pound/US Dollar 4 Pips New Zealand Dollar/US Dollar 3 Pips US Dollar/Canadian Dollar 3 Pips US Dollar/Japanese Yen 2 Pips US Dollar/Swiss Franc 3 Pips Australian Dollar/US Dollar 3 Pips Euro/British Pound 4 Pips Euro/Swiss Franc 5 Pips Euro/Japanese Yen 4 Pips British Pound/Japanese Yen 6 Pips Euro/Australian Dollar 8 Pips Euro/Canadian Dollar 9 Pips Australian Dollar/Japanese Yen 7 Pips Canadian Dollar/Japanese Yen 8 Pips Swiss Franc/Japanese Yen 8 Pips	Oil/US Dollar 14 Pips Gold/US Dollar 90 Pips Silver/US Dollar 5 Pips	SPX500 1 Pip NSDQ100 3 Pips DJ30 6 Pips UK100 3 Pips GER30 3 Pips FRA40 3 Pips

 

COMMISSIONS & LEVERAGE

eTORO TRADING COMMISSIONS

■ eToro Spread on EUR/USD is 2 pips; the minimum spread is found on USD/JPY.

■ Leverage at eToro can reach up to 1/30

 

TRADING PLATFORM & MOBILE

eTORO TRADING PLATFORM

■ A demo account is available at eToro -YES-

■ 16 languages: English, French, Arabic, Chinese, German, Greek, Japanese, Korean, Portuguese, Russian, Spanish, Swedish, Hungarian, Italian, Turkish, Dutch

■ Scalping: is not allowed at eToro -NO-

■ Trading Hours: GMT -from Sunday 10 PM (GMT) to Friday 9 PM (GMT)

■ eToro Online Platforms include:

1. eToro web trader

2. eToro Openbook (Expert Advisors Automated Trading)

3. Mobile Trader

4. MetaTrader 4

eTORO MOBILE TRADING

eToro supports Android mobile devices and iPhone, iPad, and iPod devices:

🔗 Get the Android eToro Trader mobile app

 

NEW ACCOUNT INFORMATION

Types of Trading Accounts

eToro includes 4 types of trading accounts:

■ Bronze Account (under $1,000)

■ Silver Account

■ Gold Account

■ VIP Professional Account ($20,000 plus)

eToro Deposit Methods:

■ Credit Cards

■ Neteller

■ PayPal

■ Skrill / MoneyBookers

■ GiroPay

■ WebMoney

■ Wire Transfer

■ MoneyGram

■ Western Union

eToro Minimum Account is $50 (Accepted Currencies for Deposits are EUR/USD/GBP)

eToro Withdrawal Methods:

■ Credit Cards

■ PayPal

■ MoneyBookers

■ Western Union / MoneyGram

■ Bank Transfer

eToro Withdrawal Fees:

■ $5 fee from $20 to $200 withdrawal

■ $10 fee from $200 to $500.000 withdrawal

■ $25 fee from $500.000 withdrawal and more

eToro New Accounts Bonus (at the time of the review)

eToro offers First Deposit Bonus:

■ $20 Bonus for deposits $200 – $1,000

■ $100 Bonus for deposits $1,000 – $5,000

■ 5% Bonus for deposits $5,000 – $20,000

■ 10% Bonus for deposits $20,000 or more

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eTORO New Account Documentation

eToro broker will demand the following documentation only before the first withdrawal:

1) Color and a clear photocopy of Passport (including signature)

2) Bank Statement or Copy of Utility Bill (not older than three months) with name and address of residence.

3) If a credit card is used, then a color and clear copy of both sides (the middle 8 digits and CVV number may be masked)

 

CONTACT INFORMATION

■ Group: eToro (Group) Limited

Address: 281 Waterfront Drive, Road Town, Tortola, British Virgin Islands

Email: corporate(@)eToro.com

 

 

⚖️ eTORO REVIEW PROS AND CONS (According to competition)

eTORO REVIEW CONCLUSIONS
eTORO REVIEW PROS	eTORO REVIEW CONS
√ Wide Asset Index √ Advanced Crypto-Trading √ Educational Center and Live Webinars √ Social Trading (enables following and copying Trades using the OpenBook Platform) √ No Fees and Commissions √ Trading Platform Innovation	X Withdrawal fees on all types of accounts X Expensive Spreads X No scalping and no hedging

 

🏁 eToro Review Conclusion -Leader in Social Trading but Expensive

eToro is a large financial group with 1.75 million trading accounts across more than 140 countries. It is a fair and reliable CFD broker, best known for its advanced social trading features through the eToro OpenBook platform and its broad asset selection.

However, spreads on major currency pairs are high. Overall, eToro is a solid option for beginners and semi-advanced traders, but it does not suit advanced or professional traders due to its higher trading costs.

 🔗 Website: » https://www.eToro.com