eToro is an online forex broker. eToro offers the OpenBook and WebTrader trading currency platforms. eToro.com offers currency pairs, gold, silver, and oil for your personal investment and trading options.
Once you join up they sell your personal details to other companies. You'll be pestered forever by cold callers trying to sell you investments and other s***. The site itself is ok as a learning area for beginners nothing more which is why I give 2 stars.
Etoro stole money
Etoro was a nice platform some time ago. I have recently discovered they stole my money. A friend of mine who was stolen too told me that the bonus money they gave us for recruiting people was taken for etoro. The first thing I thought was: How could they know which money is actually a bonus and what money is from my own? Total disaster. Soon I will post about the withdrawal of the money I have on etoro yet. I hope that the rest of my money can be recovered. Some advice about all this? Thanks,
Very displeased with etoro. When markets go favourably their way, they imediatly take effect, when its not, grafics stop...and become extremely latent...I always use metatrader to check up.
Other isue, last friday I set up an oil buy order, with a limit loss...surprise, surprise on this Monday when i saw all my money gone and negative credits...very unethical...dont use etoro!
Etoro is a a scammer they closed my account with 500$ after withdraw request, they tell me that i allowed a 3rd party to trade on my account, and this is allowed.
Etoro started out great but soon went downhill in my estimation unfortunately.The bonus money is damn near impossible to cash out, copy traders stats are minipulated and misleading and very few make any money in the long run, I had a rather large sum of money under a copy trader which experianced a large drawdown Etorro then prevented this trader from opening any more trades which ment he wasn't able to hedge the position and protect the account thus insuring the account blew and my money was lost, After speaking to various members of eToro's customer services I feel I was lied to as they changed there excuses many times. (The small print in there user agreement allows them to do anything they wish without notice) Be very aware and stay well clear of this broker. Also in times of high volitile market movements the platform very convenientlying goes down for maintainable which denies traders from being able to access there account.
Good company. Etoro has a clean user interface/trading platform. Legit, so far as I know.
I have used etoro for over a year now and i feel its a good platform. They process my withdrawal requests (to PayPal) within 24 hours, they have various promotions that allow me to get extra money when i make deposits and the platform is easy to use once i learned how to use it.
This is not to say that i didn't have problems with while using etoro. I blew all my investment within the first three months but this was due to using very high leverage and trading on hunches.
ETORO SCAMMERS! I invested US50 and now I want to withdraw they are full of stories.My money has shrunk, they have take U$5 per month because I have not been trading - this is illegal in every sense of the word & now I have US25 left, they will not refund me as you can only withdraw U$30 and above.
It is a same case as with Liteforex, I believe. (LiteForex has a policy limiting a trader's profits on news events and gap openings.)
eToro charged me 12%!! of my trade volume, for an overnight gap, that happend to go in my favor.
I can provide email from them, explaining why. Also, they have an explenation on their site:
I´am honestly not sure, if thats normal, but I wouldn´t say, I have experiented this with other brokers...
They were good, but as they have grown , they have become arrogant and greedy, they changed many things. Increased the spread, increased the carry over fee, increased the price of trading and now increased the minimum trade amount Before you could have a $100 account and open $2.5 and $5 trades, to build up your account safely and to learn,, now as of may 2015 they have increased it to $25 , so no good for small traders and those with an account of less than $500., no good if your a new or small trader.. The greed and arrogance of this company is just amazing now dictating to you what the minimum is you can trade by increasing it from $2.5 to a hefty $25, I have closed my account and will not recommend them again