Etoro

Etoro

Established:                           2006
Location:                         Australia UK Cyprus
Regulation:                      ASIC, FCA, CySEC.
Offices:                           Sydney, London, Limassol, Tel Aviv,
                                         Moscow, Shanghai
Leverage:                         up to 1:400 (1:30 for EU clients)
Deposit:                           200 USD
 

Trading Details

Leverage

up to 1:500

Instruments

Currencies, Crypto, Indices, Metals, Stocks, ETFs.

Platforms

Web Trading, Specific, Social Platform.

Availability

Etoro group accepts clients from all over the world, excluding USA, Canada, Japan, Brazil, Turkey, North Korea, Iran, Cuba, Albania, Serbia, Sudan and Syria.

Withdrawal & Deposit

Etoro withdrawal fee is $25 per withdrawal, which is not competitive. Etoro applies a $50 minimum withdrawal amount.   

Etoro states the typical time per payment method. It is up to 8 working days for credit and debit card and 1-2 working days for electronic wallets, like Paypal.

Demo account

The same trading conditions as for real accounts. No limitations on the number of demo accounts.

Benefits

  • User-friendly and innovative web and mobile platforms.
  • Powerful social trading tools.
  • CopyPortfolios for investors.
  • CFDs on seven major cryptocurrency pairs, including bitcoin.

Considerations

  • Wide spreads on forex.
  • Risk/reward ratios are limited to predefined ranges.
  • Automated trading strategies are not permitted.

Account currency

USD, AUD, EUR, GBP.

Payment Methods

Bank transfer, Credit/Debit card, Paypal, Skrill, Neteller, Webmoney.

Commissions

Minimum forex, commodity and index spreads are high, with EUR/USD at 3.0 pips and SP­500 at 75.00 pips. The fine print also notes that spreads can widen significantly as market conditions change. Overnight and weekend holding costs are above average as well, and can greatly reduce profitability. Share spreads are locked at a competitive 0.09% spread per side but weekday overnight holds currently cost 24­ cents per $1000 of leveraged long exposure. This fee triples over the weekend but no overnight fee is charged for non-­leverage long exposure.

Scalping allowed

‏ Swap free accounts X

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