#2 eToro Review
If staring at complicated graphs and charts bore you to death, be sure to give this innovative forex platform a try. eToro really makes trading fun. You may even feel like you are playing a game while making some serious money. Primarily focused at attracting new traders, the bonus of up to $1000 offered on first deposit is another plus for eToro.
Overall User Rating: 9/10
Established |
2006 |
Platform |
Web-based & Downloadable |
Regulated by |
CySEC (Cyprus) |
Minimum Deposit |
$50 |
Difficulty Level |
Innovative yet easy |
Swap-free accounts |
Yes – No fee charged on Islamic style accounts |
Demo Account |
Yes – Unlimited demo account |
Customer Support |
Reliable 24*7 support |
Spread Value |
2, 4 and 6 pips |
Leverage |
Up to 400:1 |
Payment Modes |
Credit cards, MoneyGram, wire transfer, Neteller, Webmoney, Western Union, and Paypal. |
Scalping |
Not Allowed |
Loss Protection |
Guaranteed Stop Losses available. |
Pros:
- Simple and intuitive user interface
- Up to $500 granted as the first deposit bonus
- Minimal spreads
- Weekly $1500 championships
- Various funds transfer options available
Cons:
- Does not accept U.S. traders
- MetaTrader 4 Software support not available