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.
The eToro platform started a revolution in
the forex trading industry by opening the gates of the forex market to
non professional traders. With eToro’s patent trade visualizations,
novice traders who have never heard of the forex market before can
start trading right away and learn from their experience. 
