|REGULATION||FCA and CySEC|
|MAXIMUM LEVERAGE||High leverage up to 1:400|
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Among many brokerage firms in the retail trading industry, eToro was able to mark a difference by making the retail trading life a lot more exciting. It is the only brokerage firm who was able to introduce a new way and feel in the forex market. The following are essential information you need to know about eToro.
The life changer
If you are planning to trade and invest in stocks, currencies, indices and commodities (CFDs) then, reading this leads you towards the right track. eToro is an online brokerage firm which offers a new and exciting way of retail trading. As of today, this brokerage firm is considered as the largest investment network in the internet and is relatively a fast-growing brokerage firm which people are delighted with. This brokerage firm is empowering over 4.5 million traders in more than 170 countries around the globe.
As to its registration, eToro’s brokering services is registered as eToro (Europe) Ltd. in Cypriot Investment Firm (CIF) with the registration number HE200585. This is further regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license number 109/10. At the same time, this firm is registered as eToro (UK) Ltd. registered with a license number 7073792 and is authorized and regulated by the Financial Conduct Authority (FCA) under the reference number 583263.
Looking at its unique way to claim utmost customer satisfaction, eToro’s way of life is very helpful in both expert and novice traders. Aside from being a great guide for expert traders, those new in the business of forex trading could be able to cope with the fast movement in the market by copying the path or trade which experts partake by becoming a trade follower. Through this, they can look and analyze experts’ trading success and make this as a basis in choosing the investment they are about to trade. This can be very helpful at times when you are not sure of the decision you are about to make. Expert traders can also become trade leaders and gain addition return on investment. Here in eToro, everyone is given equal opportunity to grow both in knowledge and in pocket through its unique interactive platform.
The eToro platform
Most of the time, investors who are planning to invest in the forex market are fearful in the possibility of taking a wrong decision as they trade. This holds true especially to those first time traders who are not confident of the option they are to choose. Because of this sentiment, eToro had designed and created a platform which can hugely help many traders across the globe. The said platform aims to educate and prepare forex traders from the stressful atmosphere they are about to get in. But, at the same time, eToro foresees a trading platform that will, not only educate and prepare but, entertain the traders as well.
Bearing the vision of creating a platform rooted in simplicity and function, eToro is offering its valued traders two platforms which they can choose – the web trader and the mobile trader. Following different function, both are skillfully created with the same features to enjoy with.
eToro’s best functions
As you trade in using eToro, customers can have the opportunity to widen his connections because the firm helps its traders tap into the world’s largest investment network which brings on to adjustments in benefits through the collective wisdom of a larger trading community. As retail trading brokerage firm which is designed following the concept of social trading, traders will have various opportunities to interact with a trading community either through its live chat traders messaging system or directly to their discussion boards. These discussion boards make a great venue of exchanging ideas relative to trading itself.
Another feature which traders will surely love about eToro is its responsible trading features which guides traders throughout their first steps as a trader and help them trade responsibly. This feature will allow you to take multiple trading governed by its pre-set leverage which helps customers calculate the risk easily.
eToro is also dedicated to its personal service culture. Hence, traders like you can benefit on their account teams (customer service) anytime you need them. They are always available to support your investment needs and receive from them their up to time news from key sources and traders insight reports from their own analysis team.
At the same time, this brokerage firm is offering trainings, courses and information using its virtual account with an initial investment of $10,000. This helps traders practice more until they acquire the skills of a professional trader. And this learning experience is for free!
Funding and withdrawal of account
eToro is offering its traders flexibility in funding their accounts. Aside from credit card and wire transfers, eToro is accepting deposits via Paypal, Moneygram, Neteller and WebMoney. Its initial deposit varies on its payment method and its user profile. However, initial deposit may range within $50-$500. You might be having questions regarding the safety of your deposit. Well worry not because all transactions made with eToro is absolutely safe, private and secure. They are well protected with a Secure Lock Technology ensuring that all information, especially your personal information, is safe. At the same time, withdrawals of fund in eToro are made easy by filling up and submit their online form.
With all those information I gathered, I am certain that I will dearly suggest eToro to traders especially to those new in the business. Aside from its reliable functions, the concept of social trading opens gateway of opportunities to many forex traders by allowing them to interact to other traders with the same needs. You are also rest assured that they totally understand the path you are walking through because once in their life they are on your shoe. But, in case you are not comfortable in interacting with other traders like you, eToro, still, can give you opportunities to grow in their business simply by copying or following those top traders on board. Regardless of what you want, eToro is there to better serve you!