Etoro is a social trading and investment platform that allows users to trade a variety of financial assets. The platform also offers a variety of features, including copy trading, account management, and a mobile app. Etoro is a regulated broker and is available in over 140 countries.
History of Etoro:
Etoro was founded in 2007 by brothers Yoni and Ronen Assia and partner David Ring. The company is headquartered in Israel and has offices in the United Kingdom, Cyprus, and Australia. Etoro was founded with the vision of making financial markets accessible to everyone. In this Etoro review, we try to cover all aspects of Etoro and determine if Etoro is a reputable broker.
Different types of accounts that Etoro offers:
Etoro offers three account types: a standard account, a premium account, and a VIP account. Standard accounts have a minimum deposit of $200 and allow users to trade with leverage of up to 1:30. Premium accounts have a minimum deposit of $5,000 and allow users to trade with leverage of up to 1:400. VIP accounts have a minimum deposit of $20,000 and allow users to trade with leverage of up to 1:500.
Different types of assets that Etoro offers:
Etoro offers a variety of assets, including stocks, commodities, indices, ETFs, and cryptocurrencies. Etoro also offers a variety of features, including copy trading, account management, and a mobile app.
Fees associated with Etoro:
Etoro charges a commission on trades executed on the platform. The commission is calculated as a percentage of the trade value and is charged when the trade is opened and closed. Etoro also charges overnight fees for positions that are held overnight. Overnight fees are charged at a rate of 0.5% per annum and are debited from the account balance daily.
Minimum deposit and withdrawal requirements:
Etoro has a minimum deposit requirement of $200 for standard accounts and $5,000 for premium accounts. Etoro does not charge any fees for deposits or withdrawals. Withdrawals are processed within three business days.
Customer service offered by Etoro:
Etoro offers customer support 24/7 via live chat, email, and phone. The company also has an extensive FAQ section on its website.
Conclusion:
Etoro is a social trading and investment platform that allows users to trade a variety of financial assets. Etoro also offers a variety of features, including copy trading, account management, and a mobile app. Etoro is a regulated broker and is available in over 140 countries. Etoro charges a commission on trades executed on the platform. The commission is calculated as a percentage of the trade value and is charged when the trade is opened and closed.
We hope you found this Etoro review helpful in determining if Etoro is the right broker for you. Thank you for choosing Etoro!