What is 3 eToro
eToro is a RetailFX broker that was founded in 2006. It is a platform for online transactions with indices, currencies, stocks, and commodities.
eToro’s goal is to provide users with an online financial trading platform that is friendly and satisfies their needs.
How Does eToro Exchange Work
Forex trading is carried out through the Open Book platform on which users can carry out transactions with different instruments. The “Copy Trading” function allows even beginners to quickly understand the basics of trading. Also, various webinars from professionals in this field are available for users.
Two accounts are available for traders during registration: standard and training accounts. To open a standard account, you need to make a deposit of $ 50. There are also Islamic or swap-free trading accounts on the exchange if the trader wants to conduct transactions in the financial markets and at the same time adhere to the principles of Sharia.
To get full access to the platform features, the client will need to go through the verification process. For this, it is necessary to fill out all the fields in the proposed form in detail. This will increase the daily limit on the withdrawal of funds.
Etoro.com also has a useful informative blog. The advantage is that it is presented in all available languages of the platform. You can read company news and various articles on financial topics on the blog.
Unlike most brokers, the company does not use the MetaTrader 4 terminal, but its own developed web terminal. Experienced traders who previously worked with MT4 will be able to quickly figure out its basic functionality.
Despite the efforts of the developers, in the functional part, the platform is inferior to the popular MetaTrader due to the significantly low speed of order execution. The main feature of the terminal is the Copy Trader copy system, which provides really wide opportunities for users.
An affiliate program has been developed for the most active customers who want to receive passive income. Thus, they can receive a monetary reward for advertising the project. There is no specific amount on etoro.com, so all this must be directly discussed with a company representative.
There is a mobile application that works on both iOS and Android.
Is eToro Safe?
eToro (UK) Ltd. registered in the UK and regulated by the FCA under the number FRN583263. eToro AUS Capital Pty Ltd. registered in Australia and regulated by ASIC under license number 491139. eToro (Europe) Ltd. registered in Cyprus and regulated by boobs with license number 109/10.
eToro is a forex broker that provides its services to traders around the world. On it, you can make online transactions with commodities, currencies, stocks, and indices. The platform is suitable for both a professional and a beginner.