eToro Review

Details and review of eToro

In the following section you can find a detailed information about eToro Forex broker. Afterwards company and trading information you will find customer reviews and at the end of the page you can also rate and review eToro Forex broker.

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eToro Forex broker company details
Forex broker name: eToro
Forex broker rating: 5(6 votes)
Forex broker logo:
Company long name:
Founded: 2007
Regulation: NFA, CySEC, ASIC, CFTC and MiFiD
Type: MM
Broker description:

eToro Overview

eToro was founded in 2007 and is based in Limassol, Cyprus. The company has built up a user base of 1.5million clients in over 130 countries. eToro are regulated by NFA, CySEC, ASIC, CFTC and MiFiD among others and are authorized to operate in 40 European countries.

eToro are a trusted broker and operate with full transparency with clients. The OpenBook platform is inviting and actively engages customers and speeds up the learning process for new traders.

eToro Trading Platform and Customer Support

eToro have experienced a large growth due to their easy to use and intuitive interface as well as excellent client support. Although customer support is only available 24/5 rather than 24/7, each new eToro customer is able to sign up to the exclusive trader programs.

In 2010, eToro received an award for the most innovative trading platform by World Finance Magazine. The innovative features and social trading emphasis has helped establish it as one of the most popular brokers around.

There are lots of value added services with this platform, but it comes at a small cost with the fixed spreads being slightly higher than some other brokers. This is offset somewhat as there are no commissions paid on accounts.

Deposits and Withdrawal

eToro offer multiple ways to deposit or withdraw cash quickly and easily. Customers can deposit money with a credit card, wire transfer, Moneybookers, Paypal, Webmoney, Neteller, Moneygram or Western Union. They can also withdraw money to the same sources. This makes eToro one of the most flexible brokers around for depositing as well as withdrawing money.

Promotions and Bonuses

eToro provide lots of ongoing bonuses and promotions and include up to $2000 bonus on the initial deposit. Promotions change regularly and primarily focus on deposit bonuses.


- Excellent trading platform for beginners with an easy to use interface and demo accounts available

- Deposit bonuses up to $10,000

- USA traders are accepted

- Trade Forex, metals, oil, gold, indices and commodities

- Lots of training material available to learn more about trading

- Fixed spreads - Excellent customer support


- No phone trades can be made

- Fixed spreads are higher than some other brokers

- No scalping or automated trading


For new traders, eToro certainly delivers a friendly and helpful trading environment. Experienced traders can use the OpenBook platform to interact with other traders and discuss news reports. This all adds up to eToro getting our vote as an excellent Forex broker for traders of all levels of experience.

eToro Forex broker contact informations
Website:Visit eToro website
Live chat:
Address: 199 Archbishop Makarios III Avenue, P.O. Box 50613
Country: Cyprus
eToro Forex account details
Minimum deposit:US$ 50
Leverage:400 : 1
Spreads on majors:3-4 pips
Commission: No
Minimum trade size: 10000 units
Currenc pairs: 16
Payment options: Bank wire, Credit card, PayPal
Platform: Windows
Demo account: Open a demo account
Best Forex Broker
eToro Forex broker reviews and ratings
Average rating:
52008-04-22 07:50:59Andrew
I like their quotes: "Finally trading makes sense" "Forex trading has evolved. No more complex charts, painful platforms and daunting lingo. " That's funny. I prefer using my charts as backup but I'll give them a shot. you gotta give them points for innovation... theior support is very good also.
52008-11-20 18:30:06Joe N
Good and stable trading system. Support very helpful. have been with them for 3 months and very happy so far.
52009-06-30 09:48:06JoeK
Good broker, great support. Have been using them for 2 years
52009-06-22 05:38:55Steve
I\'ve been trading with etoro for almost a year and only had a few minor problems which were always fixed promptly. The first time I withdrawn money it took longer, but afterwards withdrawals were quick. eToro is a great platform and I highly recommend it to all traders!
5 2010-09-25 18:14:14ejiyemi ayodele
it is good and i was love that,but that is wow
52011-08-14 04:18:14Nick
I have been trading on the Etoro platform now for just over a year and started there as a total novice that did not even know what a chart should look like. Had it not been for things such as the online chat with fellow traders and the Real Etoro staff that pop in from time to time, I would still have been clueless. Sure we have platform freezes but are much more stable then when I started. I am sure that anyone that knows something about the IT world that nothing runs perfectly all the time....There are just too many variables...Bottom line..........I am happy with Etoro and will remain there for life.