eToro Review 2018

The minimum trade contract size on eToro is 1, units of the base currency, which is equivalent to a lot size of 0.

Withdrawal fees are also waived and you get access to a Premium Account and Trading Central. 

The market dealing model provided by eToro is market making, so market depth is Level I.

Why Choose eToro? 

The eToro OpenBook trading platform is the leading social trading platform for copy trading, with a trading community of over 4,, users. With their patented CopyTrader system you can easily find and start trading by automatically copying the entire portfolio of other expert traders on the platform.

Retail trading is your standard trading and eToro functions as a normal broker in this respect. Copy Trading allows you to automatically replicate the trades of your selected traders on a proportional basis while Social Trading describes the general umbrella under which Copy Trading falls. More on that in the section below. Like most brokers, eToro also offers leveraged trading, which allows you to trade notional amounts far higher than your trade amount.

Currently, the minimum leverage is 1x for stocks and 2x for all other assets. Maximum leverage ranges from 5x for stocks to x for indices and commodities, and all the way up to x for currencies. At the moment it is unclear, whether or not eToro offers this feature. Currently you can trade currencies, commodities, indices, stocks, and ETFs using eToro. The average spread ranges from 4 to 6 pips for currencies, which is very high considering that other brokers have spreads as low as 0. Instead of just relying on your own strategies , traders can now follow more successful traders and replicate all or part of their trading strategies.

And research shows that copy trading is indeed effective. CopyTrader has 4 main features: You will copy all open trades of your selected trader. For example, if your copied trader changes his stop loss position, yours will be changed as well. However, you do have the option of closing specific copied trades while still copying the other trades. Copy Only New Trades: This feature allows you to manage your risk across your whole copy portfolio.

After the stop loss is breached, your copy account with the selected trader and all associated positions will be closed and remaining funds returned to your balance.

This feature can be used in conjunction with the other features and is highly recommended for risk management purposes. This feature allows you to pause any new copy trades being opened with a copied trader, however all open positions will still remain open.

In addition to the above, eToro also has several other features to enhance its copy trading program. You can filter your search according to country, invested assets, minimum gain over a certain time period. If you use the Advanced Search function you can narrow it down even further with criteria such as portfolio allocation, average trade size, risk score, number of profitable months etc.

A highly detailed economic calendar that shows data such as export growth, GDP, jobs data, industrial production etc. The data is even broken down into actual, forecast, and previous. Live news updates, trends, fundamental analyses, and technical insights. A quick tool to translate movement in pips into actual dollar profits and losses.

This is not unusual, as one of the criticisms of copy trading is that is essentially investment management.

The only difference is that there is no real contract between the copier and the copied trader. This is all in addition to their own trading earnings. And the payments to Popular Investors are not just bonus credits; they are real funds that can be immediately withdrawn. Withdrawal fees are also waived. You get access to a Premium Account and Trading Central.

Withdrawal fees are also waived and you get access to a Premium Account and Trading Central. Each CopyFund will have its own investment strategy and asset allocation. This CopyFund consists of actual traders instead of assets. Unlike investing in a typical fund or financial services firm, there is no management fee associated with using CopyFunds. The only delay is that if you initiate a stop when the markets are closed, you will have to wait until the markets are reopened for the system to close your positions.

There are a few other salient differences between CopyFunds and traditional funds. Second, leveraged trading still applies meaning that your notional investment amount can be much larger than your actual investment amount.

This is what happens when due to individual price movements of the assets within a portfolio, its allocation starts moving further and further away from the target allocation. Because of this, a portfolio needs to be rebalanced on a periodic basis. Of course when it comes to investment funds, what everyone wants to know is, what is the return on investment?

However, as per most investment funds, investors should look at a timeframe of years for ideal returns. Remember, investment is not trading. Can be used simultaneously with a standard trading account; traders have the option of switching between the live and demo accounts on the platform. A big plus for its competitors, eToro also offers sharia compliant Islamic accounts.

Trades conducted on the Islamic account implement immediate buying and selling without delay with no interest on trades, thus avoiding potentially usurious interest, known as riba. An eToro Islamic account also provides you with interest free leverage, and there is no interest on contractts over 24 hours, nor does eToro take any additional commissions for contracts over 24 hours. Account verification requires proof of identity, proof of address, and phone number verification. When it comes to withdrawals, only customers with verified accounts can withdraw funds.

No, trading on eToro is commission-free. What leverage and margin do eToro offer? The minimum is 1: The minimum trade contract size on eToro is 1, units of the base currency, which is equivalent to a lot size of 0. There is no limit to the maximum contract size that can be traded. What is the market depth offered by eToro? The market dealing model provided by eToro is market making, so market depth is Level I.

What risk control features do eToro offer? How to trade on eToro eToro is based on a social trading model. Therefore, the interface of the eToro Webtrader is different to most other platforms where the trader is confronted with charts and indicators. Rather, the interface looks like this: The assets that the trader is interested in trading can be selected from the watchlist.

This is where the trader can select the asset to be traded. What Does the Social Community Say? Once an asset is clicked for trading, a new window opens.

This allows a trader to access the views and sentiment of other eToro traders before making a trading decision. You can see the example for the Bitcoin asset BTC below: This will produce the trade selection interface shown below: CFDs are leveraged products and can result in the loss of your capital.

All trading involves risk. Past performance does not guarantee future results.

 

What are eToro's spreads & fees? 

Trade and invest in cryptocurrencies, stocks, ETFs, currencies, indices and commodities or copy leading investors on eToro's disruptive trading platform.

Sign in to eToro. Stay Signed In. Forgot password? Sign in. Or Login With. Facebook Google. login. Don't have an account? Sign up now! English. The eToro OpenBook trading platform is the leading social trading platform for copy trading, with a trading community of over 4,, users. With their patented CopyTrader system you can easily find and start trading by automatically copying the entire portfolio of other expert traders on the platform. 

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What can you trade with eToro?

Find out more about eToro. Read user reviews, see ratings and compare the best online trading platforms, features, fees, and more. Start trading now! eToro had its humble beginnings as a simple forex broker, all the way back in Founded by two brothers, Yoni and Ronen Assia out of Tel Aviv, Israel, it was initially known as RetailFX. The goal of the company was forex trading made easy, and eToro marketed heavily toward retail and ‘non-expert’ traders. This/5(6).

“eToro is a social trading and Investing company that allows its users to watch the financial trading activity of other users, copy them, and to make their own trades.”. What this means is that you can ethically copy someone else’s trading results – just like back in the good ol’ school days. eToro is a social trading platform that lets retail investors trade stocks, cryptocurrencies, and other assets. CEO Yoni Assia tells Business Insider eToro .

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