Etoro benefits:
- Free practice account with real time rates
- Up to $10,000 on your first deposit
- Personal trading coach and 1 on 1 trading sessions
- A VIP account with exclusive benefits
- Advanced Forex and commodities trading tools
- 24/7 support by phone or live chat
- Tight spreads and no commissions
- No dealing desk
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Why should I trade with eToro?
eToro is an online financial trading platform and community unlike any other. Aside from our unbeatable trading conditions, it's our innovative platform that will really knock your socks off.
If you're new to financial trading you're sure to get a kick out of our amazing trade visualizations, and you might just end up picking up some trading skills as you go along. We then apply the same simple and innovative approach to our advanced trading interfaces, chock full of all the trading tools a professional trader may need. The end result is that whatever your experience in trading may be, you'll find the eToro platform inventive and easy to use.
How do I install the platform?
Installing the platform is a matter of one click of the mouse. Click on the Download tab on the eToro homepage to download the platform. The installation guide will take over from there. But if you feel like starting trading straight away, you can just head over to our online WebTrader where you can trade in eToro Expert Mode, no download required.
Do I need to provide any documentation in order to open an eToro account?
You do not need to send us any documents in order to open a real trading account. We may request documents once you reach a certain volume of trades, or once you want to make a withdrawal.
I've run out of practice money. Can I get more?
We want you to keep practicing your forex trading skills for as long as you're trading with us, so you can always get more practice money if you run out.
Once your initial 10,000 credits have run out your practice balance will be refilled automatically so you can keep practicing indefinitely.
Do I need any prior experience to trade with eToro?
We assume that every trader that registers at eToro is trading for the first time. That is why we've made our platform entirely intuitive, so you can concentrate on trading alone, without having to work out the mechanics. For first timers we recommend registering for Practice Trading first and to get the hang of the platform before going on to Real Trading. We also urge you to take a look at our Platform Guide, and our Forex Trading Guide.
What is the minimum amount needed to start trading?
All it takes is a deposit of as low as $50 to get you started in the forex trading business. Keep in mind that you also get up to $10,000 bonus on your first deposit, so make the most of this fabulous opportunity to get some extra trading balance.
How do I fund my real account?
We give you the option of funding your account through a variety of methods, so you're sure to find one that suits you. You can fund your account by credit card (Visa, Mastercard, Diners), wire transfer, PayPal, Neteller, Moneybookers, Western Union, WebMoney and MoneyGram.
Please check out the Funding Account section on our homepage for further information and instructions on how to fund your account with these methods
Is it safe?
Your money is perfectly safe with us. We use the latest SSL encryption technology to ensure that our traders' funds are untouchable.
How long does it take for my deposit to come through?
If you are depositing with a credit card, PayPal, or Neteller your account is funded immediately. With payment methods such as wire transfer, Western Union, or MoneyGram, your account is funded the moment the processor in question approves the transfer.
What is the first deposit bonus?
The first deposit bonus gives you a chance to get up to $10,000 in extra trading cash according to the amount of your first deposit. The more you deposit, the bigger your bonus! Remember, you'll only get this bonus once, so make it count.
How do I trade?
If you're a novice trader please take the time to go over the Platform Guide and the basic Forex Trading Guide available on our site. These two guides will give you the basic info you need to start trading with us, and you can try out your newly acquired forex trading skills in our practice trading mode. Once you're ready to trade for real and have funded a real account, eToro wil provide you with our custom-developed Forex Matador e-Course for free. This course will take you from basic trading knowledge to advanced trading strategies and market analysis techniques.
What leverage does eToro offer?
We offer a range of leverages from as low as 1:5 to as high as 1:400, so you can trade with the leverage you're most comfortable with. Remember, leverage must be used carefully. The higher your leverage the higher your risk.
How do I enter eToro's trading challenge?
In order to join the challenge, all you have to do is head over to the trading challenge tab (either in the community panel of the platform or in the WebTrader) and click on the "Join Now" button. Once you've joined, you can view your rank and the top ten rankings in the same tab. Keep in mind that even though practice traders win cash prizes, real trading challengers win much bigger prizes.
Does eToro charge a commission on trades?
We do not charge any commissions or fees on trades. Our revenues come strictly from the spreads (the difference between the Ask and the Bid prices of a currency pair) which are exceptionally low.
Does eToro charge overnight/rollover fees?
We do not charge any costs for leaving a position open overnight. However, we do charge a small fee if you want to leave your trade open over the weekend while the markets are closed.
When can I contact eToro's support?
You can contact our support operators by phone or by live chat Monday to Friday, 24 hours a day.
Does eToro offer any other promotions?
We have lots of periodical promotions which we will certainly notify you about. Make sure to check your email and to log in frequently to avoid missing out on any exciting offers.
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