eToro platform Review

 

Welcome to techletor, Today we will be looking at eToro, it has also become one of the most popular platforms brokers use these days. It copies trading and its assisted them with gaining over 10 million users. As of recently, they have as well joined the crypto currency space.

The platform making it easy to get started and do social trading. There many people out there who would like to imitate the professionals as well there is always a group of traders who are willing to be copied. In eToro you can easily copy any ones strategy with ease and although there are other platforms that also offer this, it is also good of note that copying some one doesn’t guarantee you will be successful and make huge profits of trading.

It is an innovative approach to trading and other interface is great. There isn’t a lot of information that could be seen on other broker platforms, but you should remember that, this is not the purpose of eToro.

Notwithstanding your current location, the lowest amount to open an account is between $50 and $200. You have to know that there is higher withdrawal fee of about $25, isn’t that much ?. It good to note also,you can not connect to a third party software and robots. When starting with a demo account, the whole process will take about a minute or two, after which you will access the platform to see its straightforward interface. Everything will be clear and audible.

Countries/Regulators 

The platform has users from all over the world, over 140 countries, and has it licenses in the uk, Australia and Cyprus.  eToro (UK) Ltd, a financial services company, Authorized and regulated by financial Conduct Authority (FCA) under the license FRN 583263. The platform is also translated to 21 languages.

Account Types

Retail trader accounts 

There consists of two types of accounts, the real money and demo accounts, your demo account will have a virtual to up fund of $100,000 for switching to the real movie account. Well this not real money, you will first need to verify that it’s really you, this is done in couples of hours and you will provide your passport and a copy of your utility bill or bank statement.At same hand it offers European traders a low CDF fees and no fees for stock and ETF trading. This is great to hear I know.

Deposits and Withdrawal 

In the system there are no deposits fees, meaning each user is not charged of any additional fee upon making a deposit into your account, there are also various ways one can make deposits, which includes; bank transfers PayPal, Skrill etc. with a credit card you can be able to deposit up to $40,000, while using an electronic wallet you can deposit $20,000. There is always a fixed fee of $25 during withdrawals. Use the comment section if you have any contributions to make.