Ranked as one of the leading financial trading platforms currently operating worldwide, eToro sets its main activity around social trading and online forex brokering. Founded in 2006, this company is regulated by Cyprus Securities (CySEC) and Exchange Commission, license no. 109/10. Its main offices are based in Limassol, Cyprus, as it`s registered under CIF, no. HE200585. The company also operates a branch in the UK, and both offices are managed under the MiFID.
eToro is a global trading platform which offers its services to more than 5 million users, spread over 170 countries. It focuses on CFD options, Indices, social trading and commodities. One of eToro`s prominent features relies on the concept of “copy trading” which allows investors to follow and copy other portfolios, automatically. eToro`s online trading network is considerably one of the world`s largest financial trading communities, thanks to the company`s constant development of innovative and upgraded platforms, in order to improve its user experience. Recently, a more advanced trading system has replaced two previous ones (WebTrader & OpenBook), in order to unify access through various devices, such as desktop and mobile, smoothly.
Additional feature that is offered by eToro presents the option to open up a training account, one that is used for new investors to practice upon, with no charge. These accounts enable traders to invest up to 100K$ through cryptocurrency, without any financial obligation.
In wise of commissions, eToro is also operating on a “no commission” offering base, as it sets a wider spread in order to even-out its business scale.
Payment Options and Withdrawal
eToro enables trading through US dollars alone, so if an investor would like to use other currencies, the deposit dollars will be converted properly. Also, the minimum deposit fee varies from one geographic region to another, depending on which geo regulations the traders are under. The offered payment methods range from Visa, MarterCard and Diners, PayPal, Yandex, Wiewcard, Skrill, CUP, Neteller, Webmoney and bank transfers. In wise of withdrawals, eToro charges 25$ per action, after the request is submitted online, and undergoes a 5 day clearance duration.
eToro`s customer support service is granted from Monday to Friday, 24/5, and is available via email/phone. The website also offers a “community forum” type support, in which traders can ask questions among other users, and also refer to the site`s knowledge base. The company`s Customer Support dep. is highly efficient and quick in response, and offers customer service in different languages: English, French, Spanish, Italian, and German.
In conclusion, being the front platform in social trading, eToro presents valuable network capabilities and in-depth trading education. Users can enjoy a Trading Academy, online courses, blog and webinars, increase their trading knowledge and skills, throughout a user friendly technological platform.