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eToro Review

eTogo ratings: 14 votes, average: 3.29 out of 514 votes, average: 3.29 out of 514 votes, average: 3.29 out of 514 votes, average: 3.29 out of 514 votes, average: 3.29 out of 5 (14 votes, average: 3.29 out of 5, rated)

Residence, Regulation, and Company Management Structure

The eToro is a Cyprus-based company for trading foreign currencies. Their office are also located in multiple regions like United States, France, Netherlands, Denmark, Argentina, Spain, China, Russia, Italy, Germany and Sweden.

Different language translations are available for viewing their site. Their address in their main office in Cyprus, as well as their phone contact number is included.

Company’s Market Position

The spread which is a difference between the maker’s market selling price to the clients and the market maker price buys from their clients.

There are no partners that were identified with eToro.

Types Services Offered

The trading services offers include the Forex Marathon; this is wherein you get the proper and desired currency to trade with against its pair. Forex Trend is also supplied by the eToro company. The Forex Trend supplies the information about the economic trend and analysis of the foreign currency available for trading. Globe Trader is the feature of the eToro software that gets you to choose and get started with the trading. Forex Match is also a part of the service of eToro, providing the technical analysis of the market the client has chosen. There is also the Trade Box that is designed for advance traders; the multiple trades opening, viewing of the charts for price movements, keeping track of currency live rates, trading multiple currency pairs, as well as management of stopping losses and taking profit orders on opened positions already.

Additional features like the Championship and the Chat are provided for the software used by eToro for the clients’ use. Periodic championships are available for the users to win. The Chat feature allows the user to communicate by chatting with other friends and traders using the same software.

Traders Support

Different languages are provided to give their clients better understanding of the services offered. However, it will be better if more information to be learned on the supports that can be expected to be viewed from their site. They provide e-mail, chat and phone support.

The Trading Platform

The platform used by the traders under the brokerage firm is eToro software, which requires downloading the files to be utilized fully. With the same software, you can be able to make use of the real trading option and the offered trading for fun, which can provide new users with the real ‘feel’ of the trading in the Forex market.

Site Design and Ease of Navigation Comments

It is very easy to navigate in the website of eToro; however, it will be much helpful for users if more information is provided in the official website with specific information on the services provided.

Advantages

  • There are translations for different languages provided in the website.
  • The software of eToro is well-explained in the site.
  • The analysis of economic and technical points of the trading market seen to be provided with the eToro software.
  • Address of the company is provided in the site.
  • It is possible to chat with other traders

Disadvantages

  • There are no specific currency pairs for trading under their service.
  • The specific process on starting trading with the eToro software and process is not provided too.
  • Service charge for the services is not included also, even the account options offers.

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5 Comments »

Comment by admin
2008-06-05 19:54:57

I use etoro for a long time and like their platform as well.
Very recommended!!!

admin's rating: admin gives a rating of 4admin gives a rating of 4admin gives a rating of 4admin gives a rating of 4admin gives a rating of 4
 
Comment by amanda
2008-06-08 14:16:58

Wow, eToro is more like a video game! Even a child could find this interesting. I found this great fun, especially the Forex Match section.First time I got to see a graphical tug of war between currencies.

amanda's rating: amanda gives a rating of 4amanda gives a rating of 4amanda gives a rating of 4amanda gives a rating of 4amanda gives a rating of 4
 
Comment by hughes
2008-06-18 18:33:30

eToro has got this fab forex marathon,and thats one of the four trading areas. Guess what? They have got nice analogies lined up. Sumo wrestler for Yen, farmer for the USD and businessman for Euros, if nothing it makes you think!

hughes's rating: hughes gives a rating of 4hughes gives a rating of 4hughes gives a rating of 4hughes gives a rating of 4hughes gives a rating of 4
 
Comment by sameer
2008-06-20 18:52:54

One problem with eToro is volatility outdoing stop loss. So in volatile times if stop loss closes below the point you set, trade could just evaporate

sameer's rating: sameer gives a rating of 4sameer gives a rating of 4sameer gives a rating of 4sameer gives a rating of 4sameer gives a rating of 4
 
Comment by gagan
2008-07-08 17:28:38

etoro is the best of the lot especially if you were a beginer.

gagan's rating: gagan gives a rating of 4gagan gives a rating of 4gagan gives a rating of 4gagan gives a rating of 4gagan gives a rating of 4
 

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