Founded in 2006, eToro is today one of the best forex brokers in the world, with offices in Cyprus, London and Israel. As you can see, they have been on the market for quite some time now, and they are currently an official sponsor of the West Ham United football club from the English Premier League. In this article, we will show you all of their main features, explain how they function and show you how the best forex brokers operate. Stay with us and learn something from out eToro Review 2016!
eToro Review 2016 | Money transfer
Now, this is a very important part, so we decided to do it first. If you want to trade, you have to have some money in your account, right? That’s why it’s crucial for every broker to have several safe and secure ways for traders to transfer money. eToro passed this test with flying colors, as they accept numerous methods of payment which are all very safe. First of all, you can use your credit cards like Visa, MasterCard and Diners, and this is the most convenient way to transfer funds. Other options include wire transfer and online money transfer systems: PayPal, Skrill, Neteller, UnionPay, Webmoney, Yandex… If you commonly use any of the latter options then you are in the right place because not a lot of brokers have so many online money transfer options. As you can see in our eToro Minimum Deposit article, the minimum deposit requirement is between $50 and $500, depending on your user profile. There is also a maximum deposit amount. It varies a lot, depending on the method you choose, but for example it is $5000 for credit cards. Next in our eToro Review 2016 is the company’s bonus policy, so stay with us and learn how to get that extra money!
eToro Review 2016 | Bonus promotions
Imagine this, you go into a bank and deposit your money, and the bank decides to give you extra $1000. Wouldn’t that be great?! Well, that is exactly what happens when you trade with eToro. You have several ways to get really good bonuses, so let’s go through all of them. First of all, they have a great offer where you can get up to $1000. All you have to do is invite 10 friends to eToro, and for each friend you invite who deposits a minimum of $500 into their eToro account, your account is funded with $100. Don’t worry; your friends will not be jealous because eToro also has a $200 deposit bonus for them!
Holders of premium accounts, which we’ll analyze in the next paragraph, will get a 10% of the deposit amount if they deposit between $2500 and $19,999, and even 15% for deposits between $20,000 and $65,000. Read more about this and other bonuses in our eToro Bonus article, but first let’s finish this eToro Review 2016.
eToro Review 2016 | Account types
Since you will be opening an account with eToro, we also have to show you the account types they offer, so that you can choose the one that is best for you. Besides the regular account, they offer a Premium account which has many privileges and advantages. This is an account made especially for traders who have large and active trading accounts, as you must have a total net deposit of $20,000 over the past 11 months to become a premium member. As we said, this account has many advantages, like the already mentioned special deposit bonus, direct access to their trading room, unique promotional offers and your personal account manager. As you can read in our eToro Account article, this is a really great opportunity that you should keep in mind. We have only one thing left to go through in this eToro Review 2016, so keep reading!
eToro Review 2016 | Trading platform
We will finish this eToro Review 2016 with the trading platform. All the trading that you do with eToro is done through their own trading platform called WebTrader. It is a platform that combines great trading features with excellent trading visualizations. It also has great options like One click trading or Stop Loss and allows you to configure your Alerts. To login, you only have to go to eToro’s webpage and enter your username and password, it’s that easy! Please remember, you can always switch between Real and Practice account, with the latter allowing you to practice trading without the risk of losing your real money. But there’s more! You can also download eToro’s app to your smartphone and trade on the go! It has the same features as the computer platform, but with the app you will never miss an investment opportunity. As you can read in our eToro Scam Test 2016, the trading platform and the whole trading in general is totally safe with this broker. The company simply could not attain this status if it were anything but 100% legit.
eToro Review 2016 | Conclusion
This brings us to the end of this eToro Review 2016. We went through all the main features of this broker to show you that this is a truly reliable and respectable company. They have a safe and secure transfer policy, plus you have several convenient options at your disposal to deposit and withdraw money. You can get up to $1000 with their great bonus system, and their premium account is a really great offer for all big traders on the forex market. Last but not least, they have a very good and stable trading platform, and you can even trade on the go with their mobile app. That’s it for our eToro Review 2016; we hope you now see why this broker is considered to be one of the best. Don’t waste any more time, open an account with eToro and enjoy great a trading experience!