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eToro reviews & ratings
See below for eToro reviewsAverage Rating:
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Discuss eToro on our Forex Forum
eToro Reviews
trading is like a university edticuaon, it requires on the order of 10 to 20 years to become proficient and you have to be ready to accept it as a full time career. With that said, the broker that I use is oanda. I use this broker mainly because it allows smaller lot sizes which allows me to be very flexible with my exposure.My recommendation- do not trade with less than 50k account. Do not trade live until you have risk capital (money that you will not need or regret losing) or minimum few years on paper accounts. research is a huge topic. Do not fall for technical analysis, it works in some situations, but the best bet would be to read the prices correctly via price patterns and timing. Do not trade during non farm payrolls or during tokyo and NY lunch hour. Trade during the overlap of US UK sessions for best liquidity. Watch for inflation levels, what central bankers say (and if what they are saying is just a warning or if they are serious about it).For example you would want to monitor the japanese central bank decisions right now because their is strong enough to make their bank sell it to lower the price to keep exports competitive. For CAD, watch for gold prices (oil is their major export). ect.FINALLY: the only way to make money in safely is with law of large numbers in terms of capitalization. You have to have an account upwards of 50 mil, so this is not a get rich quick thing. The real money lies in market making and dealing.
↑ Back to tophahaha this company is a joke!! most of the 'good' reviews below look like they were written by the employees or IBs! This company has terrible service, and bad execution ... in other words you try to close or open a position and nothing happens until you lose money! I came, I trader and I left. NEVER AGAIN!!! Stay away from them!
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Name: gebrea
I joined this company and the staff are very friendly they are very supportive,every time I have problem they supported me,I only invest $150 through MasterCard and after 2 weeks i get profit and decided to cash-out, I get my money back just 3 to 4 days,since i withdraw $180 they returned it back to my card the amount of $150 and the $25 to my pay pal account and instant.the Forex tools is friendly user.Just provide proof of residence and valid identity For sure they will support you...
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Name: etoro'er
I trade with a few brokers and cant complain about this one. So far its been nearly 4 months and Im satisfied. Would recomend to others if you're looking for reliable and good service.
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Name: groovy
eToro broker does its work really well. The company constantly upgrades its services and tries to provide the best conditions for traders. Lots of important information together with economical and political news help to make good profit and get some additional income.
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Name: trader1
Of all the brokers I have joined, eToro is the best experience i have with forex! there are a lot of way to make more here, through contests, campaigns!
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Name: GREENWITCH
Most traders are very satisfied with their platform. It is easy to operate and adjust.
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Name: free_dom
In my experience this broker offers good execution, fast withdrawals and good support.
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Name: Crystal_see
Tried a lot of brokers and now have the account with eToro. Everything is greate, comfortable trading conditions. I recommend!
↑ Back to topThe platform is set up to influence the trader to sell with the % profit showing BEFORE the cost is taken off.The trader then is "satisfied" with say 6% while his nett profit is hardly any.I think new traders are still influenced by that. For me the only profit is what you put back into your bank .
↑ Back to topI started trading with etoro this week.To me the proof of a good broker is the way they handle problems occurring because of the platform not allowing you to open or close. I had a problem 2 days ago. Still waiting for an answer.
↑ Back to topetoro is just the worst! problems are:
Lag in there system! Lose a few pips like upto 20 in closing or opening trades!
System not starting or closing orders! Had a few people complain about this and had one guy like lose $5000 because it did not close the trade at his take profit setting and then it closed it at his strop loss! He spoke to them about it and there responce! we cant help you and thats not our problem!
getting just disconnected from there system when its really getting to the best times to close your trades, like at NY and Londen opening!
To me i get the feeling that they want people to lose there money so that they can make more out of us that is honestly trying to make our life savings more from this bad times that everyone is having at the moment! This is stealing with our eyes right open and watching how they doing it
Name: michael again
5 stars for support not so many for the software....lately they changed,improved.BRAVO 100 stars for being avangardists.copy traders is amazing,the open book is INCREDIBLE.every new trader should try this site. i signed through intellitraders,amazing guys,contact sam from support,he helped me a lot
↑ Back to topReal face of etoro
--------------------------------
1).High spreads (even fixed)
2).no mt4
3).we did not use charts
if we use his charts ,every time make every single indicator
4).always stop trading on news
5).he is does not want scalper
6).only dealing desk stop on that NFA , and all regulatries does not said sclaping is bann or illegal
7).for only 1000$ his minimum size is 1pip=1$
it is too high for new traders. they loss all his money in weeks with system
8).also did not trade in units ,like as oanda
Except that everything is OK
So with all these disadvantages, if u still like etoro then ((handshake))
This is a good platform for kids. They have no advanced tools and their customer service is absolutely cr*p.
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Name: rick
i deposited $ 50,000.00 and i tripled it in less then a month. still waiting for my money.
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Name: Devanshu Singh
I have to say give etoro 3-5 more years and it will be the best broker in the world and will remain there forever i mean that they are just growing and growing
pros:
1. customer support: 5 stars(just awesome!!!)
2.Deposit: the first time you will see so many ways to deposit
3.Withdrawal: For those who say they don't give you back your money then maybe you are from a rival broker or really stupid cuz the first deposit is the most irritating one but they certainly give you your money. It's irritating cuz you have to submit all the identification documents for the first withdrawal after that its just awesome withdrawals...
4.Platform: i have been trading with them for 2 years and have found that they have gone from "Ahhhh!!! etoro platform freezes all the time they suck" to "etoro has the best platform in the whole forex industry". I mean they have almost fixed the freezing problem and i trust them in future they will keep on improving the platform. One more reason why their platform freezes is because it is flash based but they have improved a LOT!!! when it comes to freezes
Now as of people who have lost their money due to freezes they can contact etoro customer service and after investigating the matter they will give you back the amount you lost due to freezes( i got mine 3 times)
5.Execution of trades: This is where etoro loses to MT4 but i think it is because they are an introducing brokers and the real execution is done by retailfx(but it is certainly better than fxcm, fxcm take 9-10 seconds for execution).
6.Over all review: no matter you are pro or a newbie it doesn't matter trading with etoro is just awesome!!!. The best part is that they have a feature called guardian angel which advices you on money management skills and on how to be overall profitable by analyzing your trades.
Cons:
1.Charting system: i use dailyfx.com charts for technical analysis cuz etoro charting needs to really improve.
2.Requotes: it happens sometimes but it also happens with all the other brokers.
Really dissapointed with this broker, they move prices sometimes, specially when there is volatility, and its platform is too slow, sometime when I close a trade the price has changed.
SCAM
Name: eToro demo
On Weekends (Saturday and Sunday) when the market is closed eToro shows the randomly historical rates in demo so that the traders could practice trading. When the market opens the trading is coming back to the normal real quotes in both demo and real accounts.
This is one more advantage of eToro comparing to other brokers.
http://fxpriority.com/2010/10/03/there-is-a-severe-glitch-on-the-etoro-system/
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