eToro is a well-known global brand in trade. Let’s see how good this broker is in CFD trading. We have extensive experience in trading and after reading this material you will find out whether it makes sense to invest with this broker?

Risk Warning: You should always be aware of the risks of trading CFDs. CFDs are complex financial instruments. Due to the leverage effect, they carry a high risk of a quick loss of money. 62% of private investor accounts lose money when trading CFDs with this provider.

About eToro

eToro was founded in 2007 and immediately became one of the leading trading platforms. In 2017, cryptocurrencies Bitcoin, Ethereum and others were added. Etoro tries to clearly differentiate itself from other platforms.

The head office of the company is located in Cyprus, and the company also has many offices in Europe and the UK.

One of the main advantages of this platform is the ability to copy the trader. If you don’t understand anything in trading and just want to repeat the actions of a successful trader you like, you can simply start copying his actions on the market.

 

Regulations and safety

One of the most important parameters that should be checked before registering in online trading is security. EU brokers are limited in their choice of financial products that are subject to official regulation. Licensing is a complex process subject to strict conditions. In case of violation of the rules, the broker risks losing his license immediately, therefore fraud is excluded.

eToro is regulated and licensed several times. CFD Broker has rules in Europe (CySEC and FCA), Australia (ASIC) and the USA (FinCEN). There is also deposit protection in the unlikely event of insolvency of an enterprise in the amount of up to 20,000 euros (EU).

Market for investing

When choosing a market, you can go to the “Markets” section, where there are various categories in which eToro provides important information directly about the selected market. There you can see prices and current indicators, as well as the actions of other traders.

Social Trading

As we said earlier, the platform has the ability to copy other traders, which is a very good way to start investing in beginners in trading. Copy an experienced trader and his experience and knowledge will help you at the start.

In order to select the trader that you will copy, you can view its statistics and conduct a risk analysis. You can also filter out several traders and differentiate your profile. The trader to be copied must be carefully analyzed and our advice is to share the risk among several participants.

Support and Service

For beginners who do not yet have accounts, eToro offers email and ticket support, as well as access to an extensive FAQ. For account merchants, there is a telephone support service and chat.

Customer support managers can not only help, but also train the new trader in the functions of the platform. Thus, eToro support is an extremely fast and professional tool.