For retail investors, eToro offers an opportunity to trade currencies, commodities, and CFDs. These assets offer leveraged trades, meaning that a small deposit can result in significant profits. However, this is a highly risky market and not for everyone. So, if you are interested in investing in a wide range of assets, you should make sure that you have the necessary investment knowledge before signing up.
If you are new to trading, eToro can help you gain experience. The platform features a free demo account, which allows you to test your strategies without putting your own money at risk. It also offers an economic calendar, which helps you keep up with the latest global economic events. You can even set up custom dates.
eToro is fully regulated by the Financial Conduct Authority (FCA) in the United Kingdom. In addition, the company abides by CySEC guidelines. Additionally, eToro is a member of the Popular Investor Program, which rewards investors who perform well.
The eToro broker platform offers a variety of CFDs, including stocks, currencies, indices, and crypto CFDs. Users have the option to trade manually or through automatic execution. eToro has 83 traded ETFs on its site. Some of the most popular currency pairs are included, such as EURUSD, USDJPY, and USDCHF. Also, the eToro Economic Calendar allows you to customize events, such as earnings reports.
eToro offers a wide variety of security features to protect your accounts. The company also provides negative balance protection, which is designed to cover losses that exceed your deposit. A margin call triggers the eToro software to exit the trade when your account balance reaches zero.
eToro also offers Copy Trader, which allows you to replicate the trade strategies of a selected trader. Users can choose to copy a trader with a $1 or $200 minimum. Alternatively, they can opt for Copy Portfolios, which allows investors to follow the trading strategies of a specific fund.
eToro also offers an Economic Calendar, which allows users to select specific dates and time zones. This feature helps traders stay up to date on the global financial markets. eToro also provides live webinars.
eToro accepts a variety of funding methods, from debit cards to electronic wallets. However, a $5 fee will be charged for bank transfers. Once funds are deposited, it will take up to seven days to clear. Other funding options are expected to be introduced in the near future.
eToro is a highly established company. Although its customer support is not the best, it does have a helpful help center. They cover a wide range of topics, from deposits and withdrawals to troubleshooting and copy trading.
However, eToro is not suitable for active traders, since its spreads are not that great. Additionally, the platform does not provide guaranteed stop-loss orders. Therefore, you cannot be sure that your loss will not surpass your deposit. To prevent this, you should be prepared to invest a significant amount of capital.