Making Money with 🏅 eToro Forex Broker: 2020 Full Review, Security, and more

Founded in 2007 and based in Cyprus, eToro is a popular Forex brand, with specialty on social trading and copy trading. In these 10+ years, they have more than 10,000,000 clients worldwide. Other than forex and CFDs, the platform also offers trading in cryptocurrencies.

In a very impressive feat, eToro has led the fintech revolution for over a decade and built up a reputation as the leading social trading platform in the world.

eToro Trading Screen
eToro Trading Screen

eToro Platform Details

BrokereToro
RegulationCySEC, FCA, ESMA
Minimum Initial Deposit$200
Demo AccountYes, with $100,000
Asset CoverageForex, Cryptocurrencies, CFDs, EFTs, Stocks, Indices, and Commodities
Maximum Leverage1:30
Payment MethodsVisa, Mastercard, NETELLER, PayPal, Yandex, WebMoney UK, Skrill, and more
Trading PlatformsWeb, Android, iOS
EducationFree educational materials and social copy trading training

Regulation and Security

The broker is authorized through the Cyprus Securities & Exchange Commission (CySEC) and is compliant with European Securities and Markets Authority (ESMA) rules. eToro is also licensed by the U.K.’s Financial Conduct Authority (FCA), which requires even more thorough checks and evaluations. eToro provides EU and UK customers with protection up to €20,000 or £50,000. This is a very good guarantee for traders, because the customer’s money will forever be safe and secure.

eToro Copy Trading Feature

The eToro platform has a very special copy trading function where successful traders can be copied. This allows normal account holders to imitate the operations and trading strategies of the most successful clients. All this is automatic and in real time. Although other platforms have similar features, eToro is the only broker that has effectively promoted copy trading.

eToro's Social Copy Trading
eToro’s Social Copy Trading

Deposits and Withdrawals

Like all big companies, eToro offers credit cards (Visa, Mastercard, Diners Club, Maestro), PayPal, Neteller, Skrill, and WebMoney as the deposit and withdrawal methods.

eToro - Payment Options
eToro – Payment Options

Conclusion

It is no surprise that you may have already researched other forex platforms to start your trading journey, but beginners should consider eToro, even if eToro’s minimum deposit is $200, which is a bit higher than other platforms. However, eToro’s strength is their social trading and copy trading features, which basically give you free training from experts in forex and cryptocurrency. With just $200, you can see how experts handle trading with 77+ cryptocurrencies. In addition, they are highly regulated by CySEC, which means that they keep your funds secure. Security, education, and variety, these 3 are very important points for traders.

If you want to begin your trading career at the trusted eToro, click [here] to get their risk-free DEMO account with $100,000 preloaded.