eToro Review: eToro Fees, Crypto and Forex Trading Platform Review and Analysis By ForexTradingReviews.org - WFMZ Allentown

Posted: 17 Mar 2021 08:31 AM PDT

LONDON, March. 17, 2021 /PRNewswire/ -- eToro Reviewed For 2021 , eToro is found to be a trusted & safe online trading website & app according to ForexTradingReviews.com latest reports 2021 for the best online trading websites in the world.

Visit eToro here, it's easy & free to make an account.

Best 11 eToro Features Which Stand Out In The eToro Review Which Retail Traders Around The World Can Benefit From:

1. eToro supports Cryptocurrency Trading

Trade Crypto with confidence on one of the world's leading social trading platforms.

2. eToro CopyTrader Service

CopyTrader from eToro, eToro's most popular feature, allows users to view what real traders are doing in real time and copy trading styles automatically.

3. eToro Provide Free Investment Insurance

eToro provides its clients with free insurance purchased from Lloyd's of London, one of the world's leading providers of specialist insurance, giving coverage of up to 1 million Euro, GBP, or AUD. The insurance is given automatically to all eToro clients, there is no need to opt in.

4. eToro 0% Commission Stocks

Zero-commission from eToro means that no broker fee will be charged when opening or closing the position and does not apply to short or leveraged positions. Other fees apply including FX fees on non-USD deposits and withdrawals. Capital is at risk.

5. eToro Trading Academy

Whether traders are just starting out or already an experienced trader, eToro users can find a wide range of educational resources and helpful guidance about trading on the eToro platform and about the financial markets in general.

6. eToro Podcast

After more than a decade as a fintech leader, eToro has launched a brand new podcast. This podcast covers a wide array of topics, ranging from the ABCs of trading to in-depth market analysis and insights.

7. eToro Fees

Opening an account on eToro is free! No management or ticketing fees are charged and investing in stocks is commission-free. Withdrawals incur a low fee of $5 and FX rates apply to non-USD deposits and withdrawals. Other fees may apply see eToro fee guide here.

8. eToro CFD Trading

Discover the unique benefits of eToro's CFD trading platform. Innovative, regulated, and customised for all CFD trading needs.

9. eToro CopyPortfolios

eToro users can invest in two types of CopyPortfolios: Top Trader Portfolios which comprise the best performing and most sustainable traders on eToro, and Market Portfolios that bundle together CFD stocks, commodities or ETFs under one chosen market strategy.

CopyPortfolios aim to help investors minimise long-term risk, promote opportunities for growth, by taking copy trading to the next level and creating diversified investments.

10. eToro Club

eToro Club members receive an exceptional level of service as well as a host of other services. Enjoy additional privileges with each eToro Club tier upgrade.

11. eToro Popular Investor Program

eToro is a leading online global trading platform. Popular Investors are a new breed of investor: traders with unique investment strategies who earn a second income by being copied by other clients on the eToro platform.

What Makes eToro to stand out from other platforms?

The sheer number of investment and available trading options are one of the most prominent ways that make the eToro apart from other platforms. Users can have the benefit of the same platform for cryptocurrency trading as well as for trading assets, just because of the several different ways for investing and trading. eToro is unique because of its social elements, and CopyFunds is an example of it. It is long term thematic investment in terms of managed portfolio making assets and expert traders with preset strategy. The ability to copy the investments of thriving traders is pioneering.

What Extra Trading Tools Does eToro Offer?

The eToro review shows that the platform aims at educating traders besides providing a platform for investment. Unluckily, almost all of the tools are directed towards traditional trading assets just like contrasting to crypto. Even then, they are helpful if users of eToro want to expand the portfolio to add more than just cryptocurrency. All eToro users while making registrations will get "virtual money accounts" at $100,000. It is because they can efficiently work on skills and strategies before using their real money. Some other multiple tools are also there that can help users of eToro with actual trading for instance economic calendar. Just enter the date and set the time zone that users of eToro want to look as well as users of eToror trading assets. Later on, the schedule will display how the events will impact on users of eToror assets. Moreover, it also offers regular analyses of the market, which include excellent details along with quick overviews.

Who Can Use eToro?

Everybody can use eToro as long as they are in an eToro-supported country. eToro has a list of countries where it is banned because of the regulation changes conflicted with trading laws. So, people cannot use eToro legally if they are in Iran, Japan, Cuba, the United States, Canada, Syria, Albania, Serbia, and Sudan.

What Do eToro Charge?

As a substitute, eToro makes the profit from a huge range of charges. While opening a position on eToro, users of eToro don't have to pay any fees. For each currency, it has a list of minimum spreads, and those prices are not assured. The eToro review points out that the spreads can vary depending on the liquidity and conditions of the market. Here are the daily break spreads; 3 percent for DASH, 1.5 percent for BTC, 3 percent for LTC,2 percent for Ethereum, 3 percent for XRP, 5 percent for NEO, and 5 percent for XLM. It is available 24/7 just because of the nature of cryptocurrency trading. For overnight or weekend trades there are no charges to pay. As a substitute, eToro charge only fees to users who carry leveraged Ethereum or BTC positions. According to the team, various fees can be changed.

What are the Customer Reviews and Feedbacks for eToro?

According to users and reviewers of eToro, it exposes that this platform seems very user-friendly. It was designed to be instinctive, and people who want trade without any experience can grab the information they need to execute trades. The eToro review makes it clear that users of eToro can use this platform on users of eToror Android, iOS, PCs, or Macs. users of eToro can always take benefit of its intuitive functionality and keenly shown information on the subject of cryptocurrencies and assets through graphs and much more. On the other hand, eToro has an excellent reputation online as the company is outsized and well established. It makes sure that users of eToror funds are safe and secure. Undoubtedly, traders are not responsible if there's any loss because trading is a complicated business and everybody know that loss or gains happen are normal. Other issues that eToro review highlights are the fact that eToro greatly publicizes that users of eToro can buy Cryptos with them. However, in reality, users of eToro don't carry the assets themselves. Well, it happens with all of the brokers belongs to this category. If users of eToro want to own the crypto assets physically then, users of eToro have to buy then, on an exchange that provides this, such as Binance or Coinbase.

How Can users of eToro Deposit or Withdraw users of eToro Money With eToro?

Well, plenty of ways exist for depositing on eToro, and users of eToro can just choose one that suits best to users of eToror needs. However, users of eToro must keep in mind that different deposit methods vary minimum deposits. users of eToro have options to deposit through bank transfer, wire transfer, Yandex, NETELLER, MasterCard, Visa, PayPal, Skrill, Webmoney UK, and others. In the case of withdrawing, users of eToro have to fill a form and then typically receive the money through credit card, bank transfer, PayPal or debit card. users of eToro need a color copy of passport, users of eToror signature, and users of eToror address proof, to make withdrawals on eToro.

eToro Account Types

eToro offers a demo account and a single live account – though there are reward tiers available at higher levels of equity via the eToro Club.

eToro Demo Account – After opening an account with eToro, users will automatically receive the unlimited demo account with 100,000 USD – it is highly recommended to use this extensively until users are comfortable with the platform. eToro has been widely recognised for its innovative approach to trading – especially for its pioneering work in the social trading sphere. The eToro platform is completely unique and will take traders of all experience levels some time to get used to.

eToro is geared towards ease of trading. The eToro trading platform is one which is easy to navigate through and use. There are three unique trading platforms available at eToro, including the following:

• eToro OpenBook

• eToro WebTrader

• eToro Mobile Trading

eToro OpenBook is a refreshingly different trading platform. It utilizes the power of social media to enhance the trading experience. OpenBook is precisely what its namesake suggests – an Open Book. Traders can see what other traders are doing in real time and they can gain valuable insights into the strategies employed by other traders as they go along. By utilizing OpenBook, eToro traders can derive valuable insights into the bustling world of social trading and they can follow, share, and even copy the trading actions of other traders as they see fit.

Thanks to the functionality of WebTrader, eToro traders can access a wealth of trading options direct from the comforts of anywhere they go – provided there is an Internet connection. Owing to the unique design of the WebTrader platform, there is no clutter and all the open trades, orders, history and news are easy to navigate through. Plus, the social component is enhanced by way of chat functionality. WebTrader also allows for customization of visibility so that traders can actively engage with one another, or go incognito when they wish to observe the trading activity without being disturbed.

The eToro Mobile Trading platform is all the rage. As most traders nowadays have gone mobile, the mobile trading app is plenty rewarding to use. By downloading the mobile trading app, eToro clients can easily engage with one another and stay connected regarding their investments in real time. The mobile trading app is available for Android or iOS devices and it is ideally suited to smartphones, tablets, phablets and more. The eToro Mobile Trading platform provides instant access to OpenBook and WebTrader and you don't need to be on your PC to get things done.

eToro focuses on creating a simple, fun and collaborative trading experience. It falls short when it comes to educational material and analysis; spreads are not competitive and fees are much higher than is usual, but obviously many traders are willing to overlook these flaws for the unique experience offered at eToro. eToro is truly at the top of its class in terms of what it offers – a social trading platform. Further, traders are presented with state-of-the-art software and resources to make their social trading experience reliable, enjoyable and profitable. With multiple deposit and withdrawal options available and the very best customer support services – eToro is definitely a cut above the rest.

eToro is licensed and regulated by CySEC. The highest encryption protocols are in place at all times and there is complete segregation of client funds from company funds. All deposits and withdrawals are guaranteed safe and secure too.

eToro offers traders bonuses for signing up and trading with real money. There are multiple trading bonuses and these vary according to the promotions of the moment. Traders are invited to chat with eToro about the deposit bonuses on offer. eToro also offers friend referral bonuses to traders.

Customer support is available during the course of the week, 24 hours a day. There are several support options available in telephone support, email and live chat functionality. As an added extra, eToro also offers international clients toll-free telephone numbers. The true value of eToro's customer support service is with its nanoRep technology. This intuitive data driven knowledgebase allows traders to get up-to-date answers from a self-populating knowledge base.

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SOURCE Forex Trading Reviews

Best Forex Brokers of 2021 — Top-5 - ABCmoney.co.uk

Posted: 22 Mar 2021 05:31 AM PDT

The first steps in trading start with selecting a broker. The broker is an intermediary in the financial markets. And the effectiveness of trading will depend on its reliability, quality, and order execution speed. There are hundreds of brokers working on Forex, each of which has its advantages and disadvantages. Sometimes even professionals find it difficult to understand the competitive advantages of a particular company.

To choose a reliable broker, you need to learn the offer and trading conditions, such as:

the presence of explicit and hidden commissions, the levels of the spread;
conditions for replenishment and withdrawal of money;
availability of trading instruments you are interested in;
any restrictions on trading strategies, etc.

It will take more than one day to test the capabilities of all brokers and their trading conditions on a demo account. Therefore, you can take a simpler path by studying the section "Best Forex Brokers – Top 5 for 2021".

The list of the best Forex brokers is an independent objective rating created by financial experts based on the analysis of several dozen proprietary criteria and feedback from active traders. When compiling it, the responsibility of brokers to fulfill their obligations, the transparency of trading conditions, the speed of order execution, functionality, the availability of unique technical analysis "chips", the professionalism of the support service, the absence of problems with the replenishment and withdrawal of funds and much more are taken into account.

The main task of the Traders Union is to help you save time searching and analyzing dozens of brokerage companies by ranking them and offering you the best ones.

Top 5 Forex brokers with licenses

One of the criteria for choosing a broker is the availability of a regulator's license. A regulator is an independent financial institution, most often under the control of central banks or other government authorities.

A broker's license means that:

The company meets the requirements of the minimum share capital and maintains it at the required level. The amount of capital is determined by each regulator.
The company pays annual fees that can be used to protect the interests of traders.
The company is annually under an external independent audit, which confirms its financial solvency and the ability to meet obligations to its customers.
The interests of traders are protected by the regulator. In the event of a conflict of interest and the inability of the trader to resolve the issue with the broker's support service, with help from Traders Union, or independently, the regulator acts as a third independent party. Most often, controversial issues are resolved in favor of traders.
Account deposits are protected by the principle of segregation. Traders' money is separated from the broker's account for operational work. The broker cannot use its client's (i.e., the trader's) money for its own purposes. The principle of account segregation is strictly monitored by the regulator.

The more licenses a broker has, the better because it is operating under the auspices of multiple regulators. The best European regulators are FCA (Great Britain), BaFin (Germany), and CySEC (Cyprus).

Below we have selected for you the best brokers of 2021 that are licensed by the world's leading regulators.

Rating	Brokers	Regulators	Minimum deposit
1	FxPro	FCA, CySEC, FSCA, SCB	$100
2	Admiral Markets UK	FCA, CySEC, ASIC	$200
3	XM Broker	ASIC, IFCS, CySEC	$5
4	AvaTrade	ASIC, FSA, FSCA	$100
5	FXTM	FCA, CySEC, FSCA, FSC	$5

How to choose the best broker

Broker selection criteria:

Transparency, understandable trading conditions, and the availability of regulatory documents for the execution of trading operations. Also, an offer, rules for calculating a swap, contract specifications, conditions for order execution, etc.
The minimum deposit to leverage. With a deposit of $10 with a leverage of up to 1:1000, you will be able to open trades with a minimum volume of 0.01 lot, without violating the rules of risk management. It will be better if the broker offers cent accounts.
Spread level. The lowest spread is floating on ECN accounts. But on accounts of this type, there is a fixed commission for each lot.
The availability of the MT4 platform. Hundreds of free proprietary indicators, scripts, and advisors have been written for it. It's useful for professional trading and gaining experience.
Terms of replenishment and withdrawal of money. A transparent broker should not have any restrictions on the number of withdrawal orders, and there should be no commissions. Some brokers are ready to compensate traders for commissions of payment systems.
No restrictions on the use of strategies such as Scalping, algorithmic trading, and hedging support.
A wide range of assets from currency pairs and cross rates to ETFs and cryptocurrencies.
Regulator's license.
Support service that responds instantly and competently to any questions.
The availability of additional "chips" such as passive investment tools, affiliate and bonus programs, own unique developments like scripts, and indicators, and applications; and
The opportunity to take part in tournaments on demo accounts and get an initial deposit to a real account without replenishing it.

When choosing a broker, be guided by the independent rating and reviews of traders on the Traders Union website.

Choose for yourself from the Top 5 brokers from the presented list. Test their capabilities and trading conditions on demo accounts, and select the broker you are most comfortable working with.

Forex brokers for beginners

A broker for a novice trader is a company that provides the most understandable and loyal trading conditions, information assistance, and analytical support.

Criteria for choosing a broker for novice traders:

Demo account availability. Almost all brokers have one, but there are exceptions.
The minimum deposit is from 1-10 USD with a leverage of at least 1:1000 which allows you to open trades for almost all assets.
Availability of additional tools like free signals, a Market Sentiment indicator, an economic calendar, calculators of margins, volatility, etc.
The availability of a separate educational database, which would have a theoretical basis for technical and fundamental analysis, and able to work on the platform, reviews, webinars, etc.

We recommend several companies, with a small minimum deposit that are optimal for beginners: Admiral Markets UK – $1, XM Broker – $5, FXTM – $10.

Forex brokers for investors

A broker for investors is a company that, in addition to tools for active trading, also offers options for passive earnings. The investor is not directly involved in trading but invests with the help of broker technologies and professional management traders.

Brokers for investors include companies that provide the following services:

Social trading. This is a service for copying live transactions. The investor selects one or several traders and automatically copies their transactions to his account. Thus, he can form an investment portfolio and attract sub-investors to it, earning on commissions.
PAMM accounts. This is a trust management service with a built-in risk management mechanism. The investor transfers money to the trader-account manager for supervision, and the trader receives a percentage of the investor's profit for his services.

For you, we have selected several companies with attractive trading conditions and investment mechanisms: RoboForex – CopyFx, InstaForex – PAMM accounts and a service for copying deals, FxPro – RAMM.

How to open an account with a Forex broker through Traders Union

Do you want to save on the spread and receive compensation for the brokerage commission for each trade, regardless of its outcome? Then follow these steps:

Register on the Traders Union website. It's free. To register, you need to enter your phone number and email.
Go through verification – it is identical to the broker verification procedure, which you will also need to go through in the future.
Using the affiliate link, go to the website of the broker you are interested in and open an account.
Enter the number of this account in the "Accounts" section of your personal account on the Union's website, wait for its confirmation.
Replenish your deposit, open trades, and receive spread compensation for each trade on the Traders Union balance.

The rebate service is also valid for investors in PAMM accounts and social trading. Money from the Traders Union balance can be transferred to a trader's account with a broker or withdrawn to payment agencies.

Advantages of working with brokers through Traders Union

By joining the Traders Union, members get the opportunity to save on every trade. And you also get access to analytical tools, reviews, and legal support. And it's all free!

Traders Union Advantages in Numbers
Total rebate payments	Over USD 10,000,000
Rebate payment amount	Up to 100% of an affiliate reward
Number of traders in the Union	More than 300,000 traders
Number of approved brokers	More than 200 brokers
Legal support for clients	Free

Conclusion about the Top 5 Forex brokers

Forex is a world of new earning opportunities that anyone can discover. To do this, you only need a little money for a starting deposit, perseverance, emotional stability, and a desire to learn something new every day. There is no easy money here, trading is hard work that requires a constant gaining of experience and improving your trading knowledge. But anyone can become a professional.

Start your way in trading with the best brokers who are ready to offer you the best trading conditions, high order execution speed, maximum responsibility, and assistance with your questions. Use the opportunity to receive additional income from Traders Union for every trade, regardless of its outcome.

Happy trading and investing to you!

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