Summary
eToro is a great option for trading online forex and many other instruments with CFDs. It offers great, user friendly software, various supporting features and lots of educational material, aimed at helping traders to become more equipped to handle the complex world of online trading. Beginners can also use the free of charge Demo Account, to practice before going for the real money option.
Platform
Available platforms for CFD trading are: Webtrader, and the Mobile Trader.
Features
eToto offers its visitors all required features for trading with CFDs the right way. You can keep up to date with the site’s live news and charts and use the Stop Loss and Take Profit features to prevent stressful situations. And although markets close for the weekend, you can still trade in eToro during that time, using the ‘Carry Trade over Weekend’ feature. Make sure you know the limitations of this feature before you use it.
Spreads
Spreads vary according to currencies pair.
Deposit Methods
The following deposit methods are available: all major credit cards, wire transfers, Paypal, Western Union, MoneyGram, Moneybookers and Webmoney. Detailed instructions on the Deposit process for each of these methods are available in the site.
Customer Support
Customer support is available Monday through Friday from 6:00 to 22:00 GMT. Live chat and contact form are also available. Before contacting customer service representatives it is recommended to visit the Help center where all FAQs are answered.
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC does not offer CFDs and neither does it represent or assume any responsibility for the accuracy or completeness of the content of this publication, prepared by What is Bitcoin, as a partner, using information available and public and not specific to the eToro entity.