Overview of eTORO
The company was founded in 2010 in Cyprus and is regulated by the local regulator CySEC. The company in some ways repeats the functionality and set of tools of the previous trading terminals, provides the possibility of automatic trading and trading copies, all the necessary for thehanalysis, if necessary, and trading research is available on the platform. The platform is available for desktop computers as a browser version as well as, an app for mobile devices such as smartphones, tablets and computers.
The company offers the following trading tools:
- CFDs, so-called CFDs
- trading on currency pairs, including exotic ones
- some cryptocurrency pairs
- company shares
- brokerage company functionality:
- minimum initial account size-from $50 to $200
Demo account is available for new clients
A variety of payment methods that include, in addition to the basic options (payment from a bank account or credit card), many payment options by electronic methods: Rapid TRansfer, Neteller, WM, PayPal, Yandex Money, Skrill, etc.
Minimum Transaction amount of 1 dollar
The company is not integrated with MetaTrader platforms
Trading signals are available through copy trade
opportunity to open an account without swaps, so called Islamic account
examples of company spreads
FTSE index – one point
British pound U.S. dollar currency pair – two pips
crude oil-5 pips
Spread shares start from 0.24 pips
Company – offers cryptocurrency trading with small spreads, for example for Bitcoin spread starts from 1%. The company provides its own cryptocurrency wallet, cryptocurrency trading activity is regulated by the FCA
Tokens presented by the platform: BTC, BCH, ZEC, ETH, BNB, XRP, XLM, DASH, LTC and some others.
Demo account is available on request, the functionality corresponds to the functionality of the real account, but you do not risk your own money, you can try your strategy, get acquainted with the features of the platform.
In addition to cryptocurrencies, currency pairs, the company offers to trade indices and stocks.
As for the customer service, it works around the clock, but only on weekdays.
As for the withdrawal of funds, the same methods are available. Withdrawal takes up to 3 days, depending on the preferred withdrawal method. The minimum amount is limited to fifty dollars. Each withdrawal is subject to a $5 fee.
There is also a commission for the currency conversion to the American dollar, for instance, the Australian dollar is charged with a commission of 100 points, the euro, the Canadian dollar, the Japanese yen -250 points, the British pound, the ruble -50 points.
In general, eTORO company and conditions are suitable for inexperienced traders. Among the disadvantages are wide spreads.