Wednesday, November 07, 2012

eToro Forex Investment Review


eToro is a relatively new but fast-growing brokerage firm. With so many online trading platforms available nowadays, people are very quick to point fingers and yell “Forex scam” whenever things don’t go their way, even if their broker is really not to blame.


eToro is a good dealer for the beginner. The company seems to cater to the new trader in fact. The broker is about sharing information, not only in the news and analysis sense, but also between traders. The dealer even offers something called “OpenBook”, which is a social platform that allows traders to follow other traders. This way, you can start trading in the shadows of successful traders while you learn.  
  • Regulated in Europe by CySec and and in the U.S., eToroUSA is a member of the NFA (ID: 0382918)
  • Known for their innovative beginner friendly platform and excellent customer support
  • Offer numerous tutorials, guides and a trading forum where traders can share their experiences and lessons learnt.

Company Information

Broker's Name RetailFX Ltd - eToro
Website http://www.etoro.com/
Headquartered in Limassol, Cyprus
Founded in 2007
Regulating Authority NFA, CySEC, ASIC, CFTC, MiFID
US Clients Accepted
Telephone Number 357 2 5030234
Fax Number 44 866 350 881
E-mail Address corporate@eToro.com

 

 

Account Options

Type of Broker STP
Commission -
Mini Account
VIP Account
Segregated Account -
Islamic Account (Swap Free)
Demo Account
Institutional Accounts -
Managed Accounts
Maximum Leverage 400:1
Minimum Deposit $50
Deposit Options Credit Card, Debit Card, Wire Transfer, Moneybookers, Paypal, Webmoney, Moneygram, Westerrn Union, Neteller
Withdrawal Options Credit Card, Wire Transfer, Moneybookers, Paypal, Webmoney, Neteller, Moneygram, Westerrn Union


eToro Video Review

eToro Regulations

eToro’s online Forex Trading regulations and Responsible Trading Policy

At eToro there's nothing more important to us than ensuring that our customers get the best quality of service, with all that this implies. The eToro social trading regulations were created strictly to comply with national and international Forex regulations and their goal is to maintain the satisfaction of our customer base with the service we provide them.

eToro is operated by RetailFX, a Cyprus licensed Forex broker that complies with all national FX regulation. Part of eToro's regulations is to make sure that the providers we work with are meticulous professionals able to provide a precise and excellent service to our clients and RetailFX is a broker that answers these regulations perfectly.

eToro is regulated and licensed by CySEC and also has a subsidiary in eToroUSA which abides both by eToro regulations and by the official Forex regulation of the NFA. eToroUSA is a registered NFA member as an IB.

What are eToro’s trading regulations?

Privacy Policy

Any personal information given by a customer to eToro is used only as appropriate in order to be able to provide you with quality service and security. We strictly forbid giving out private information to third party representatives. Any information you give us is safe thanks to the latest in encryption security.

Quality Assurance

eToro regulations apply to our quality assurance and is committed to international fair trade standards. The online trading platform, OpenBook, and broker partner ensures superb trade execution. In the rare case of customers incurring losses due to execution malfunction our policy is to remain fair and restore any damage caused to the customer by any fault on our part.

Customer Support

We are committed to providing our customers with professional and friendly support whenever they might need it. Your needs are our priority.

Fraud Policy

In cases of suspected fraud, for our own and our clients' security, we will demand to receive certain documentation. Failure to comply with this request will incur the closure of the customer's eToro account.

 eToro Conclusion

eToro is a good dealer for the beginner. The company seems to cater to the new trader in fact. The broker is about sharing information, not only in the news and analysis sense, but also between traders. The dealer even offers something called “OpenBook”, which is a social platform that allows traders to follow other traders. This way, you can start trading in the shadows of successful traders while you learn. 

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