eToro is not just a broker, but primarily it is the eToro Social Investment Network, which allows users to copy transactions from the most popular traders for free. Broker eToro has focused its activities on providing a user-friendly software (eToro OpenBook) for social trading. After rapid development of the broker now has more than 4.5 million users and is the leader among platforms for social trading. Copy is available from $50 on Basic account with a fixed spread starting from 2 pips. The choice of the user to follow can be taken on the basis of the number of available statistics describing previous results of the user. The big advantage for many inexperienced traders is that eToro Social Investment Network allows you to start playing on the currency market without the required specialist knowledge and without spending many hours analyzing charts. eToro like many other brokers is controlled by the relevant institutions. The company is regulated and licensed in several countries, including Cyprus, where it is authorized and regulated by the Cyprus Securities Exchange Commission (CySEC) and also meets the requirements of the European Union contained in the MiFID.
Basic information about eToro
|Regulation||CySEC (Cyprus) , FCA (UK), NFA (USA)|
|Scalping||no (<5 min)|
|Deposit and withdrawal methods||Bank Wire Transfer, Credit Card, PayPal, Neteller, Skrill, WebMoney, Worldpay, Yandex|
|Website languages||English, Arabic, Chinese, French, German, Italian, Russian, Spanish|
(Swap Free Account)
eToro Account Types
|Gold and silver|
|SWAP (per 10 000 units)|
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