eToro Review, Overall Rating: D
Click here to open a trading account
| Support | D |
| Reliability | D |
| Ease of funding and withdrawal | B |
| Spreads | A |
| Disclosure | F |
Forex-rates.biz says: |
| "NOT RECOMMENDED" |
| Broker has a Dealing Desk: | Unknown |
| Offers Straight through Processing | Unknown |
| Liquidity Providers | Unknown |
Review Summary:
We don't have much information available regarding Etoro with which to write a review, as they would not answer our questions. The only reply that we received when we posed our standard list of queries that we use when evaluating brokers to be listed on forex-rates.biz was a boiler-plate response that appears to be something that they send to everyone that writes in.
According to said vague reply, eToro offers a 2 pip spread, requires a minimum deposit of only $50 to open an account, and has a minimum trade size of only $25. They are also offering a 50% bonus up to $200 for new traders making their first deposit at eToro. These are nice features, but unfortunately they are not enough for us to recommend them as a reliable, trustworthy broker. We would instead like to know a little bit about the company itself prior to referring our loyal site visitors that look to us for advice regarding the best forex brokers.
eToro offers credit card, PayPal, Western Union, and bank wire transfer as methods for funding real accounts.
If you are feeling adventurous and want to give them a try anyway:
