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eToro: A tested and trusted broker; my reasons

eToro: A tested and trusted broker; my reasons

The estimated reading time for this post is 275 seconds

Annual eToro review 2019 by Binaryoptionslord.com to uncover the etoro hidden fees questions. However, See eToro fee exmple. 

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Official website: etoro.com

Date founded:     2007
Cooutry:               Cyprus
Founders:            Yoni, Assia and Ronen Assia.
Services:              Forex, stuck, CFDs
Regulation:         CySEC and FCA.
Leverage:            1.2 to 1.30 pips
eToro demo:        $100000, free
Funding meth:   Credit card, PayPal, Neteller, Moneybooker, bank wire, money gram.
Minimum deposit:   $50
Maximum deposit:  $20000
etoro fee:                   $25
Risk warning ⚠ 
In particular, Contracts for Difference (‘CFDs’) are         complex financial products and not suitable for all investors. CFDs, are leveraged products that mature when you choose to close an existing open position. Therefore, by investing in CFDs, you assume a high level of risk. And this can result in the loss of all of your invested capital. Therefore, Please try and understand the level of risk

eToro review 2019 *

eToro review: The broker is a Forex Crypto and CFD broker that offers its services across the globe. The company was established in 2007 and since then, the brand has grown in size, capacity and technology. However, it’s evergreen as eToro is based and regulated in Cyprus. It offers currency pairs, CFDs, stocks, metals and cryptocurrencies on its modern platforms. eToro has been a leader in the global Fintech revolution. Today, etoro known for world’s leading social trading network. Currently the broker have millions of registered users. With a good number of innovative trading and investment tools. eToro’s broker focus on social and copy trading. Howeve, the broker experienced a rapid growth that now boasts more than 6,000,000 clients worldwide. Therefore, before the end of our eTero review, you will see good reasons to join their company.

etoro review

Is eToro.com regulated *

eToro’s managed by eToro (Europe) Ltd. (“eToro Europe”), a registered Cypriot Investment Firm (CIF). The company’s registration number is HE20058. eToro Europe is regulated by the Cyprus Securities & Exchange Commission (CySEC) under license number 109/10.

In the UK, eToro (UK) Ltd. (“eToro UK”), company registration no. 7973792 is authorised and regulated by the Financial Conduct Authority (FCA), under firm reference number 583263. eToro Europe and eToro UK both operate under and comply with the Markets in Financial Instruments Directive (MiFID).

 

Commission *

Minimum forex, commodity and index spreads are high, with EUR/USD at 3.0 pips and SP­500 at 75.00 pips. The fine print also notes that spreads can widen significantly as market conditions change. Overnight and weekend holding costs are above average as well, and can greatly reduce profitability. Share spreads are locked at a competitive 0.09% spread per side but weekday overnight holds currently cost 24­ cents per $1000 of leveraged long exposure. This fee triples over the weekend but no overnight fee is charged for non-­leverage long exposure

Markets

There are 4 group of markets available at eToro. These include Stocks, Indices, Currencies (Forex) and

Commodities. Popular stocks include Apple, Google, and Facebook. Popular indices include SPX500, NSDQ100, and DJ30.

When it comes to currencies trading, there are multiple popular pairs including EUR/USD, GBP/USD, NZD/USD and others.

Commodities like oil, gold and silver belong to the most traded at eToro

How to use eToro copy trade *

Copy trading at etoro require a minimum $200 to get start copying others. Therefore if you are set to copy; Click on “Copy People” Then the system will list a number of professional traders. Then select your suitor to copy and just click the big blue “copy” button. However (you need to allocate at least $200) and you’ll start copying every action made by that trader.

eToro review

eToro account types *

In the process of our eToro review; We noticed that eToro account types is 4, however this is to enable clients with both low and investment amount. The account types offered by etoro are, Bronze,Gold, Silver, VIP. However the minimum deposit are listed below.

eToro Forex Account: bronz *

Minimum deposit: $50
Platform: WebTrader, eToro platform
Forex – 400
Indexes – 50
Soft Commodities – 50

eToro Forex Account: Silver *

Minimum deposit: $1000
Platform: WebTrader
Forex – 400
Indexes – 50
Soft Commodities – 50

 

Forex Account Card: Gold *

Minimum deposit $5000

Platform: WebTrader
Forex – 400
Indexes – 50
Soft Commodities – 50

VIP Account forex

Minimum deposit: $20000
WebTrader, eToro platform
Forex – 400
Indexes – 50
Soft Commodities – 50

eToro Fees *

eToro only charge money on spred which is: $25 fee for withdrawals and the minimum withdrawal amount is $50. eToro does charge overnight/weekend fees for CFD positions.

Example
BTC
24/7
0.75 %
-3.46287 -3.46287

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eToro review 2019 conclusion *

eToro social trading platforms is the best you could ever imagine. However the broker has been rated first as a forex broker, more-so they are rated first as cryptocurrency broker. However currently they are coming first in binary ption trading. Finally If you are looking for a reputable broker eToro is first.

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Compare broker with IC markets

See fxprimus review

Is eToro accepting traders front USA *

Currently etoro is accepting traders front USA, however it is only on crypto account. Therefore a U.S trader who want to trade binary option should used this brokers

 

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