eToro has 2.5 million users with 2000+ every day? How?

According to wikipedia eToro has 2.5 mill acounts. Even IB only has around 140,000 and there aren't more than a few 100,000 live forex accounts at any time. How is this possible?

http://en.wikipedia.org/wiki/EToro

"they claims" , that's all need to be said ...

they claim and they say register users what every that mean

Well , they do have 130,000+ facebook likes, that's a lot or?

i can get ya 100K likes for 10 bucks .. nothing special

About 3 years ago, I read somewhere that there were around 3 million traders with MT4 accounts spread across something like 80 different br0kers. I see here that the number of MT4 br0kers now exceeds 200. Of course this is MT4 only.

It looks like eToro includes a marketing exercise: you get paid by signing up your friends.

If I understand correctly, "gurus" get commissions based on their number of followers and "copiers": a perfect breeding ground for greed and scamming, by sucking in those who don't understand the modus operandi of the likes of grids and (pseudo-)martingales. FWIW, I've posted in more detail on some of the potential dangers here.

I looked at eToro's top guru: he has more than 40,000 followers and 5,800 folk supposedly blindly copying his trades. He currently has more than 40 open trades, ALL of which are in loss. Red flag, anybody? From what I can tell (the site publishes entry/SL/TP), he's running some kind of grid (surprise, surprise!), where he averages down every 50 pips, with a TP of 40 pips and a SL of something like 1,200 pips (that's 1:30 RR trades). If, as he claims, he "studies the price with technical and fundamental analysis to 50%. ...... I like candlestick patterns and price action", then why is he averaging in at exactly 50 pip intervals?

Position sizes are not shown, only his P/L (not sure if it includes open trades........).

As with all grid systems, if price ever moves steeply enough to defeat his grid, then all of his followers will likely be exposed to significant loss; if they're trading large enough sizes to make any kind of reasonable return, their drawdown will most likely be irretrievable.

Tread VERY carefully, folks.

Based in Cyprus
No need to say more

Why? What's wrong with Cyprus ?

'Mafiosi' stand to gain most from EU bail-out of Cyprus !
Russian oligarchs and "mafiosi" who have parked their illegal earnings...



http://www.telegraph.co.uk/finance/f...of-Cyprus.html

---

S

lol if they had so much traffic i doubt that their opentrader platform would suck so much , and i doubt that etoro feedback on the web would be so negative and rubbish.

Sure, they would like us to fall for that line and as to the figures, it's all a sham..

if you about to etoro, and if you are about to consider it DONT.
you are all going to loose money and time.
i have tried them all and the only worth material is zulutrade.

I would second this, Zulu is perfect for newbies who are just starting out..as far as etoro is concerned, no thanks..it would help if etoro representatives did come online and answer some of the concerns we have but so far, nothing and that's saying a lot.

i agree with you all the way, and not only for newbies, but for professionals as well - that have no time to do manual trading themself...posibilities of utilizations are numerous with zulutrade.

as for etoro: well there is a reason why they are not answering ..(hint, hint)

im newbie , i started trading with Zulu - having gud results - thanks to zulutrade

u did a smart choice...the rest of the services will eat your money and leave you broke and angry that retail copy forex does not work...on the contrary

All I can say is that Homer Simpson character must be running etoro..idjits,
And yes on zulu, on the pro makes it easy to trade on retail for newbies and really cannot think of a flip side on zulu for the moment.

http://openbook.etoro.com/giannis26#/portfolio/history/

If you're soliciting for business (and merely posting a link suggests exactly that), you should be posting in the commercial forum.

nope thats not me its etoro link to a member's page. just caught my attention. nothing off-topic really.

i think old etoro added a few to many zeros to the 2.5

WENDIGO