Is eToro legit?
Yes, eToro is a legit forex trading.
Average rating: 3.77 / 5
Weighted average rating: 4.29 / 5
Based on 18460 reviews from 14 sources
I have been using eToro for a few years now and have received nothing but excellent service. I wanted to give a special mention to my account manager Valentina! She’s genuinely amazing and looks after all my problems/ queries without ever making me feel like a burden.source
Platform offers an engaging communal experiencesource
I am a popular investor on eToro and have used eToro for several years and have found the platform to function seamlessly. The platform offers a social comment feed to be able to interact with investors from around the world. The platform is easy to use with a variety of resources available such as latest news and analyst reports so you can do some research before purchase of any stock. Leverage is limited to benefit new investors in reducing risk.source
Poor finance and support. Deposit funds not working for me in single attempt.source
General lack of advanced trading tools, features, and research: Without these, more sophisticated investors can’t execute complex trading strategies.source
Trading Central research and tools are only available to certain eToro Club members who have reached higher Club tiers.source
eToro has been included in the following lists
eToro is a popular online brokerage firm that offers trading in a wide range of financial instruments including forex, commodities, indices, and stocks. Founded in 2007, the company has grown significantly and now operates in over 140 countries around the world. In this article, we will review eToro and answer the question, "Is eToro legit?"
First, let's consider the quality of service offered by eToro. The company is regulated by top-tier financial authorities such as the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC), which adds an extra layer of security for traders. eToro is also a member of the Investor Compensation Fund, which protects traders in the event of the company's insolvency.
In terms of trading platforms, eToro offers its own proprietary platform which is available as a web-based platform or a mobile app for iOS and Android devices. The platform is user-friendly and offers a range of advanced features such as advanced charting tools, one-click trading, and the ability to trade directly from the charts. eToro also offers a range of educational resources for traders including webinars, video tutorials, and a comprehensive trading academy.
Now, let's take a look at reviews from real users of eToro. Overall, the company has a good reputation among traders with many praising the quality of service and the user-friendly trading platform. Some traders have reported issues with the platform freezing or experiencing delays, but this appears to be a rare issue and the company has generally received positive feedback in this regard.
In terms of customer support, eToro offers a range of support channels including live chat, email, and phone support in multiple languages. The company also has a dedicated account management team to assist traders with any queries or issues they may have.
As for key features, eToro offers a wide range of financial instruments for traders to choose from including forex, indices, commodities, and stocks. The company also has a range of account types to suit different levels of traders, from beginner to advanced. One notable feature of eToro is the ability to copy the trades of successful traders, which can be a useful tool for novice traders looking to learn from more experienced traders.
Now, let's consider the pros and cons of trading with eToro.
Regulated by top-tier financial authorities Wide range of financial instruments available User-friendly trading platform Comprehensive educational resources Good customer support Ability to copy the trades of successful traders Cons:
Some traders have reported issues with the platform freezing or experiencing delays In conclusion, eToro is a legitimate and reliable online brokerage firm with a good reputation among traders. The company is regulated by top-tier financial authorities and offers a wide range of financial instruments and a user-friendly trading platform. While there have been some reports of issues with the platform, overall the company has received positive feedback in terms of the quality of service and customer support it provides. The ability to copy the trades of successful traders can also be a useful tool for novice traders looking to learn from more experienced traders.
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