Etoro Review By Paul Koger Foxytrades.com
What is Etoro • A social trading pla?orm where you can copy other traders. • In addiAon to copying, you can also watch what other traders are doing. • Easy to use trading interface for beginner traders
Main staAsAcs • • • • • •
5’000’000+ users worldwide Users from 170 countries Over 200’000’000 trades opened Founded in 2007 Minimum deposit from 50$ Maximum leverage up to 1:400 varies between instruments.
Who is it for? • People that don’t have the Ame or knowledge to trade by themselves. • For beginner traders that would like to have an easy-to-learn environment. • For experienced traders that are looking to make extra income via having people copy them.
PROs • Very easy to use • Ability to copy successful traders • Social senAment – you get to see what the overall market is doing • Advanced customer service • Quick withdrawals and deposits • Free trading educaAon
CONs • Limited customisaAon • Pla?orm fees can be high if you hold your posiAons overnight • Scalping is not allowed • Limited amount of instruments to trade with
Is Etoro worth it? • YES – for beginner traders. Easy to use, manage risk and put in orders. Ability to copy and watch what the professionals are doing to learn a viable strategy. • NO – for advanced level traders. There are be^er soluAons out there, but they are not nearly as user-friendly as Etoro is.
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