Before you commit your funds, big or small, you definitely should know about the proposed platform. And in this case, eToro. This eToro transparency review details all you need to know about the eToro social trading platform.
Not just that, we’ll also discuss how you can make money from eToro, if eToro is the best choice for you as a beginner, the minimum deposit required, among others.
Founded in 2006, eToro is an Israeli-based brokerage firm. It provides financial and copy trading services to its users globally through its social trading platforms.
Known founders are Yoni Assia, Ronen Assia, and David Ring. Apart from being headquartered in Tel Aviv-Yafo in Israel, the company also has quarters in London and Limassol.
eToro is rated tops for the best trading platforms, social trading platforms, and forex broker of choice for professional traders and beginners alike.
And because eToro is regulated, it’s an excellent choice for U.S. customers and non-us customers alike to trade cryptocurrencies.
Not an experienced trader? You need not worry. The eToro platform connects you with professional traders. After reviewing a trader’s performance over time, you can follow your trader of choice with a click of a button. Trades made on the trader’s account will reflect on yours. This way, you’ll be able to profit from the markets with zero trading knowledge.
An Unbiased eToro Transparency Review 2021
One of many things that should make you considered pitching your tent at eToro is that they are regulated. The company operates under the guidance of the FCA, CySEC, and ASIC. So, you can always trust them as investors on regulated platforms are protected. Also, eToro has technology is in place to safeguard users’ funds and data.
How To Open A New Account On eToro
Now that you’ve made up your mind about registering with eToro, you can open a free eToro account using this link and following the illustrated guide below, which takes you through getting registered on the eToro platform with ease. This should only take you a few seconds, we promise.
Steps To Open A Free eToro Account
- Open www.etoro.com official site via a web browser.
- Click the “Join Now” button.
- Fill the form to create an account. You can also sign up with one click using Facebook or Gmail account options.
And that’s it; you are all set to start making money.
Note: As a regulated platform, eToro requires you to provide a confirmation of residence, which could be a valid utility bill within the past six months. Proof of identity is also needed, which could be a valid government ID or an international passport. Your account will be limited to certain activities if you fail to present those documents.
Is eToro Good For Beginners?
Absolutely. eToro has all the tools you need to aid your trading experience. What’s more, getting started on the platform is quick and easy. Apart from that, its platforms are user-friendly and easy to use/navigate through.
You can also easily copy professional traders’ activities and make passive income while on the journey of being a professional trader yourself.
What Is The Minimum Deposit For eToro?
eToro accepts a minimum of $50 from U.S. customers using online banking for first-time and redeposits. However, in the case of wire transfers, the minimum required is $500.
How Much Should I Invest In eToro?
You can invest the very least $50 or $500, depending on your deposit method. You also can deposit up to $10,000 a day on eToro. However, you have to make sure you do not deposit more than you can afford to lose because trading is very risky, and you could lose all you invest in it.
At this point, with this eToro transparency review [2021 update], we hope we’ve been able to convince you that the eToro platform is safe, secure, and trustworthy. It’s a top choice among many traders.
eToro is a great place to start your trading experience as a beginner. With support on all devices, you can trade the financial and cryptocurrency markets, monitor your trades, and withdraw profits from anywhere and at any time.