What eToro is all about

What eToro is all about

 

A financial technology company from the Middle East, eToro is a social trade brokerage firm founded in 2007. It currently has offices in Israel. It serves customers in the UK, Australia and the United States.

It should be noted that eToro is not listed on any stock exchange and has not allowed its annual report to be disclosed through its website. In addition, it has not been paired with any bank matrix.

While this is the case, it is known that eToro is a legitimate company, given the statement of its regulators. Your customers agree that trading through eToro is safe.

What eToro offers

The good

Commission-free stocks and ETF trading in Europe are among the many benefits that can be obtained by enlisting on eToro.

The non-U.S. average The trader will also be glad to know that eToro offers low CFD rates. The process of opening accounts is quick and unhindered. In addition to these, it has what is called Social Trading. 

What this type of trading does is that it allows the trader to emulate the strategies that other traders have adapted with the intention of achieving the possible profits that previous traders had made.

Not so good

However, although it has been mentioned that eToro offers lower rates, its Forex rates are high. Add that to the fact that withdrawal is expensive, is linked to $5 and has a slow process. In addition, it only has one account base currency and has a minimum deposit of $200.

Things to expect when trading with eToro

eToro calls its system, the Straight-Though-Processing platform. This means that investors can take advantage of eToro’s broker license to allow direct access to investments. This service comes at fees.

The platform also works effectively through what is called a transactionless desktop model. What this implies is that you cannot see price changes between the investor (or trader) and the market.

Once a trader chooses to place an order during active market hours, eToro acts quickly by transferring and processing the trade. From the end of the trader, the price will not be allowed to be changed. The only time prices can change is when market behavior does.

As for withdrawals, eToro simply does not allow diaries.

Is it safe to trade through eToro?

The short answer is YES.

How do we know? See:

  1. As already stated, it is authorized and regulated by the Cypriot Investment Firm (CIF).
  2. The Cyprus Securities and Exchange Commission also regulates it within entities operating throughout Europe.
  3. In its operations for Australia, business conduct is regulated through the Australian Securities and Investments Commission (ASIC).
  4. Within the United Kingdom, it is regulated by the Financial Conduct Authority.
  5. He had also registered for a license in the United States.

However, the case was not always the case in the United States. Certain regulatory reviews had led brokerage firms to become unavailable to traders and investors within the US. But now, the problem no longer persists.

Read more: 

AN INTRODUCTION TO DUKASCOPY

WHAT IS SAXO BANK?



Andrey
Andrey Malahov

Andrey Malahov is successful broker. He's here to share his experience with you. Read attentively and start trading. You can ask questions by e-mail: [email protected] or phone: 202-555-0140


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