etoro rollover policy | Forex Factory

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etoro rollover policy

  • #1
  • First Post: Aug 10, 2011 6:01pm Aug 10, 2011 6:01pm
hey guys,

etoro says on its site that it doesn't charge rollover interests but only a flat fee on the weekends. I find them pretty low and asked them if there's any time restriction for an open position but they replied that there is none.
What do you think about it? Will they keep me for a long time?
  • #2
  • Aug 18, 2011 7:31pm Aug 18, 2011 7:31pm
Quoting Potax
hey guys,

etoro says on its site that it doesn't charge rollover interests but only a flat fee on the weekends. I find them pretty low and asked them if there's any time restriction for an open position but they replied that there is none.
What do you think about it? Will they keep me for a long time?
Yes Etoro does seem to have some very nice deals, Verging on the "too nice".

Low spread, extra money depending on deposit, huge client base.

Are these guys for real.

sorry for not answering your question, Interested myself in these guys.

Rollovers tend to be fairly cheap anyway, but if its gone thats even better. Any advantage is welcome.
Ask me again when I know what I'm talking about.
  • #3
  • Aug 18, 2011 7:32pm Aug 18, 2011 7:32pm
Im planning to go and give them a visit on Monday at their office.

Ill update any info I can.
Ask me again when I know what I'm talking about.
  • #4
  • Aug 18, 2011 9:46pm Aug 18, 2011 9:46pm
Etoro are going to get into trouble. Their site claims ASIC regulation when they don't. I seriously doubt ASIC would accept their application anyway. Even brokers like ibfx took years to get their AFSL.
  • #5
  • Last Post: Aug 18, 2011 10:22pm Aug 18, 2011 10:22pm
Quoting jafar00
Etoro are going to get into trouble. Their site claims ASIC regulation when they don't. I seriously doubt ASIC would accept their application anyway. Even brokers like ibfx took years to get their AFSL.
Im Aussie too,

I guess we should just stick with Aussie based brokers perhaps.

Australia has handled the GFC fairly well I think, could have been better but thats just my opinion.

However even aussie brokers are struggling, with guys like Kinetic securities now under administrations. Not for being a bad broker, they just couldnt make enough money with the slump in number of transactions.

Oh well, at least they failed honourably.
Ask me again when I know what I'm talking about.
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