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Forex and Social Broker eToro
Forex broker eToro was founded in Cyprus in 2007. Social trading in particular contributed to this broker becoming relatively well known. Social trading allows you to copy other traders or be a role model yourself. There is a branch in London as well as a few others countries. Etoro comes up with many innovations with the background to clearly differ from other companies.
The eToro trading platform is very attractively designed and easy to learn, especially for beginners. The platform supports every device. Of course you can first practice with a free demo account and virtual credit. Trading Bitcoin, Ripple, Ethereum etc also supported. Over 16 low spread cryptocurrencies are offered.
The support at eToro is very well trained. If you are a newcomer and do not yet have an account with eToro, you can contact support via email or take ticket. There is also a large FAQ knowledge base. Once you are an active trader on eToro, you can also trade over the phone Get support with a personal advisor assigned to you.
Deposits can be made using PayPal, credit card, bank transfer or e-wallets. The minimum deposit is €200. A fee of €5 is charged for withdrawals.
The most important spreads at a glance:
- EUR/USD: 3,0 Pips
- USD/JPY: 2,0 Pips
- DAX: 2 points
- BITCOIN: 0,75%
Many cryptocurrencies can be traded on eToro. Here is an overview of the most important cryptos:
It's easy to find the right deposit and withdrawal method at eToro.
Accepted payment systems
- Bank Transfer
Social Trading trading platform, demo account and live account
Of course, you can also test the Etoro trading platform as a demo version. To open a demo account you only have to fill out a short form where you enter your email address and sets the username and password for the account. The registration for the live account and demo account is identical.
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In the trading platform you can later switch between demo account and live account with a mouse click. The available virtual balance is 100,000 euros for the demo account. The trading platform offers many useful features. Cryptocurrencies, stocks, commodities or foreign exchange can be traded. The Webtrader is very clear and easy to learn, even for beginners. Orders can easily be created with one click. A specialty of eToro is social trading. Exchange or copy your opinions with other traders. After submitting the registration, you will receive an email with a confirmation link.➔ Account opening form
For illustration only➔ Confirm email address
For illustration only➔ Complete your profile, fill out the questionnaire
Before you can use the account, you have to create your address details and answer a few questions about trading.
1. Name and date of birth
First you have to enter your name and date of birth and select the gender.
In the second step you create your address.
3. Experiences with stocks
Here you indicate how much experience you have gained with stocks and ETFs, or whether you have invested before.
4. Experiences with cryptos
Enter how much you have invested in cryptocurrencies in the last year.
5. Experiences with CFDs and high leverage products
Do you have experience with CFDs or have you ever traded them ?
6. Trading knowledge and education
A general knowledge question where you have to indicate what education and knowledge you have in the financial sector.
7. Trading knowledge, multiple choice
A few multiple choice questions about your trading knowledge.
8. Planned investments
Choose which instruments you want to trade: Stocks. Cryptos, Currencies, Commodities, Indices.
9. Trading strategies
IIs your investment strategy short-term (day trading) or rather long-term (several months/years) ?
Why do you want to trade ? Are you trying to generate extra income or want to save for something ?
11. Risk attitude
How much do you intend to deposit into the account in the current calendar year ?
12. Financial status
Please provide information about your occupation and earnings
Register on the platform and trade
After you have filled out the opening questionnaire, the trading platform is ready.
Change demo account and live account
You can easily switch between demo and live account with a mouse click. All functions are available in demo mode.
100.000 Euro virtual credit
The demo account is initially loaded with 100,000 euros of virtual credit.
The eToro social trading platform
Under the Watchlist menu item you will find an overview of the available products, with prices and the option to place orders. Here you have also the possibility to copy other traders.
Watchlist copy trader
Watchlist set order
The order window opens with one click and you can place orders.
Watchlist Set trader copy
If you want to copy a trader, it works similar to opening an order, except that you only set the amount to invest here.
Under the item Portfolio you can see all positions and can close or modify them.
Global markets can be found under the Discover menu item.
Under the point you can edit the basic settings, the 2-factor authentication can be activated, and one-click trading can be done also turn on or off.
Open live account
As soon as you have sent the registration and filled out the questionnaire, you already have access to the trading platform. Between demo mode and live account can you just switch. If you also want to use the live account functions and trade with real money, only additional verification is required.
There are numerous options for depositing.
The social and CFD broker eToro is subject to several authorities due to the various international locations:
- Financial services company eToro (Europe) Ltd. is regulated by the Cyprus Securities Exchange Commission (CySEC) under License No. 109/10.
- Financial services company eToro (UK) Ltd. is regulated by the Financial Conduct Authority (FCA) under license: FRN 583263.
- eToro AUS Capital Limited is authorized by the Australian Securities and Investments Commission (ASIC) under Services License Number: 491139.
- eToro Germany GmbH is supervised by the Federal Financial Supervisory Authority (BaFin).
- eToro (Seychelles) Ltd. is licensed by the Financial Services Authority Seychelles (FSAS) to provide broker dealer services under the Securities Act 2007 License #SD076.
Obligation to make additional payments
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- free demo account
- minimum deposit 200€
- clear trading platform
- easy to learn for beginners
- leverage max. 1:30
- cryptocurrencies and CFDs tradable
- social trading and copytrading
- low spreads from 1.0
- many markets
eToro experiences and reviews
- customer support: 100%
- fees: 100%
- trading platform: 100%
- minimum deposit: 100%