eToro Rating, Review eToro

eTORO RATING REVIEW

-FOREX BROKER RATING {54.3%}

eToro is a Dealing Desk broker focusing on social trading. The broker is situated in Cyprus. Regulation includes CySEC (Cyprus) and ASIC (Australia). The minimum account is just $50 and you may fund it via many different methods including Neteller, Skrill and Paypal. eToro spreads for mini accounts are considerably expensive but if you open a VIP account the trading terms are much better (check at the end of this review). eToro gives extra weigh to its innovative platform called eToro Openbook that allows expert advisors. MetaTrader-4 is not available but there are mobile apps for iOs and Android. Currently eToro offers welcome bonus 10% but from time to time you may get welcome bonus up to 45%. The spreads are expensive and the slippage on execution makes news-trading almost impossible. Scalping and hedging are not allowed. In overall eToro is a good choice only for Social Traders. 

  • Minimum Account: $50
  • Fund Methods: Credit Cards | Wire | giropay | Neteller | PayPal | Skrill | WebMoney
  • Account Currencies: United States dollar | Euro | British Sterling | Australian Dollar
  • Platforms: WebTrader | eToro OpenBook | Mobile Apps
  • Forex Index: eToro offers 15+ Forex pairs
  • Metals:GOLD | SILVER
  • Energy: OIL
  • Shares: Many shares from all around the World
  • Indices: DJ30 | NSDQ100 | SPX500 | EUSTX50 | FRA40 | GER30 | SUI30 | UK100 | AUS200 | ESP35
  • Customer Support: 24/5 via Live Chat, Phone, eMail
  • Support Languages: English | Arabic | Chinese | Dutch | Finnish | French | German | Italian | Japanese | Korean | Norwegian | Portuguese | Russian | Spanish | Swedish | Turkish

HF Social

Here is the eToro Rating Summary

» eTORO WEB

eTORO RATING SUMMARY  
Based on the Main Rating Table (MAX 100%)
A. eTORO FUNDS SAFETY 63.7%
B. eTORO TRANSACTION COST 41.1%
C. eTORO TRADING OPTIONS AVAILABLE 58.8%
D. eTORO TECHNOLOGY 55.0%
Overall eToro Rating 54.3%
RATING PER TRADING EXPERIENCE  
Based on eToro Sub-Formulas (MAX 100%)
Forex Beginners 54.1%
Advanced Forex Traders 48.9%
Professional Forex Traders 42.9%
Overall eToro Rating 54.3%


» eTORO WEB

 eTORO FULL RATING REVIEW

This is the full eToro Rating Report using the Rating Formula v4.1 (under authorisation)

eTORO FOREX RATING REPORT    
eTORO TOTAL RATING   100.0% eToro Broker
      54.3% ANALYSIS
A. eTORO FUNDS SAFETY MAX WEIGHT 26.0% 16.6% eToro Safety of Funds Rating
A.1 eToro Regulation FSC (BVI) = 1.0% rating | CYSEC (Cyprus) = 3.0% rating | FFMS (RU) = 3.0% rating | RAFMM (RU) = 3.0% rating | CBI (IR) = 4.0% rating | ASIC (AU) = 4.0% rating | FSC (NZ) = 4.0% rating | FSA (UK) = 6.0% rating | BAFIN (GE) = 6.0% rating | NFA (US) = 6.0% rating | CFTC (US) = 6.0% rating | FINMA (SW) = 8.0% | and MiFID (EU) = +4.0% rating 12.0% 7.0% eToro is regulated by CySEC = 3.0 and ASIC = 4.0 rating = Total 7.0% rating
A.2 eToro Headquarters Offshore Countries = 0% | Cyprus and similar = 2.0% rating | Spain, Italy and similar = 3.0% rating | Australia and similar = 4.0% rating | USA, Germany, UK, Switzerland and similar = 5.0% rating 5.0% 2.0% eToro is based in Cyprus = 2.0%
A.3 eToro Years of Operation 0-1 Years Operation = 0 % rating | 2-5 Years Operation = 2.0 % rating | 5-10 Years Operation = 4.0 % rating | 10+ Years Operation = 5.0 % rating 5.0% 4.0% eToro was Found in 2006, 5-10 years of operation = 4.0% rating
A.4 eToro Client Bank Account Segregation Yes Provided =  2.0 % rating | No it isn't Provided = 0.0 % rating 2.0% 2.0% eToro uses many financial institutions for client account segregation = 2.0% rating
A.5 eToro Web Ratings (Used for differentiating rating results) EarnForex Rating = 1.0 % rating | ForexPeaceArmy Rating = 1.0 % rating 2.0% 0.6% FPA = 2.0 / 5.0, EarnForex= 1.5 / 10.0, Total = 2.75 / 10 = 0.55% rating
A.6 (+) eToro ADJUSTMENTS        
A.6.1 Company Size Factor 1+ Million of Active Traders = +1.0 % rating 1.0% 1.0% eToro has more than 1 million traders client base = +1.0%
B. eTORO TRANSACTION COST MAX WEIGHT 28.0% 11.5% eToro Transaction Cost Rating
B.1 eToro EURUSD Spread < 0.3 pip = 8.0% rating | <0.4 pip = 7.5% rating | < 0.5 pip = 7.0% rating | <0.6 pip = 6.5% rating | <0.7 pip = 6.0% rating, | <0.8 pip = 5.5% rating | <1.0 pip = 5.0% rating | < 1.25 pip = 4.5% rating | < 1.5 pip = 4.0% rating | <1.75 pip = 3.5% rating | >2 pip = 3.0% rating | < 2.5 pip = 2.0% rating | < 2.5 pip = 1.0% rating | < 3 pip = 0.5% rating 8.0% 0.5% EUR/USD Fixed Spread at 3.0 pips = 0.5% rating
B.2 eToro GBPUSD Spread < 1.0 pip = 5.0% rating | <1.25 pip = 4.0% rating | < 1.5 pip = 3.0% rating | < 1.75 pip = 2.5% rating | < 2 pip = 2.0% rating | < 2.25 pip = 1.5% rating | < 2.5 pip = 1.0% | < 3 pip = 0.5% 5.0% 0.0% GBP/USD Spread at 4.0 pips = 0.0% rating
B.3 eToro USDJPY Spread < 1.0 pip = 4.0% rating | <1.25 pip = 3.5% rating | < 1.5 pip = 3.0% rating | <1.75 pip = 2.5% rating | < 2 pip = 2.0% rating | < 2.5 pip = 1.0% rating | < 3 pip = 0.5% 4.0% 2.0% USDJPY Spread AT 2.0 pips = 2.0% rating
B.4 eToro Trading Commissions Charged No Commissions = 7% rating | Commissions < $5 / lot = 3% rating | Commissions < $8 / lot = 1% rating | Higher Commissions = 0% rating 7.0% 7.0% No Trading Commissions on the Tested Account Type = 7.0% rating
B.5 eToro Funding Commissions No Funding Fees = 2.0 % rating | Yes = 0 % rating  | One Free Withdrawal Per Month = 0.5 % rating 2.0% 0.0% Fees on withdrawals (up to $25) = 0% rating
B.6 eToro Maintenance / Inactive Fees No Maintenance / Inactive Fees = 2.0 % rating | Yes Maintenance / Inactive Fees = 0 % rating 2.0% 2.0% No Maintance / Inactive Fees = 2.0% rating
B.7 (+) eToro ADJUSTMENTS        
B.7.1 eToro Execution ECN / DMA Execution = +2.0 % rating | STP Execution = +1.5 % rating | Dealing Desk Execution = +0.0% rating 2.0% 0.0% eToro is a DD (Dealing Desk) broker = +0.0% rating
C. eTORO TRADING OPTIONS AVAILABLE MAX WEIGHT 26.0% 15.3% eToro Trading Options Rating
C.1 eToro Index of Forex Assets 45+ Forex Pairs = 8.0% rating | 40+ Forex Pairs = 7.0% rating | 35+ Forex Pairs = 6.0% rating | 30+ Forex Pairs = 5.0% rating | 25+ Forex Pairs = 4.0% rating | 20+ Forex Pairs = 3.0% rating | 15+ Forex Pairs = 2.0% rating | 10+ Forex Pairs = 1.0% rating | Less than 10 Forex Pairs = 0% rating 8.0% 2.0% eToro offers a Forex Asset Index containing 15+ pairs = 2.0%
C.2 eToro CFD Trading Yes CFD Trading = 2.0 % rating | No CFDs = 0.0 % rating 2.0% 2.0% eToro offers CFD trading = 2.0% rating
C.3 Availability of Free Demo Account Yes = 2.0 % rating, No = 0.0 % rating 2.0% 2.0% eToro offers Practice Account = 2.0% rating
C.4 eToro Capital Leverage Leverage > 100:1 = 2.0% rating | Leverage > 75:1 =1.5% rating Leverage > 50:1 = 1.0% rating 2.0% 2.0% Leverage up to 400:1 = 2.0% rating
C.5 eToro Promotions   6.0% 1.0%  
C.5.1 eToro Welcome Bonus (%) Welcome Bonus >50% = 6% rating | Welcome Bonus >40% = 5% rating | Welcome Bonus >30% = 4% rating | Welcome Bonus >20% = 3% rating | Welcome Bonus >15% = 2% rating | Welcome Bonus >10% = 1% rating     eToro offers 10% welcome bonus = 1% rating
C.5.2 eToro Trading Rebate (%) Trading Rebate >30% = 6% rating | Trading Rebate >25% = 5% rating | Trading Rebate >20% = 4% rating | Trading Rebate >15% = 3% rating | Trading Rebate >10% = 2% rating | Trading Rebate >5% = 1.0% rating     No = 0% rating
C.6 eToro Minimum Account Min Account < $500 = +1% rating | Min Account < $1,000 = +0.5% rating 1.0% 1.0% eToro minimum account less than $500 = 1.0%
C.7 eToro Deposit Methods For every available deposit method = 0.5% rating max = 5 methods 2.5% 2.5% eToro offers more than 5 methods = 2.5% rating
C.8 eToro Withdrawal Methods For every available withdrawal method = 0.5% rating max = 5 methods 2.5% 2.5% eToro offers more than 5 methods = 2.5% rating
C.9 (+) eToro ADJUSTMENTS        
C.9.1 Asset Index with more than 100 Forex Pairs Yes more than 100 Pairs = 1.0 % rating / No = 0 % rating 1.0% 0.0% No = 0% rating
C.9.2 Interest on Unused Funds Yes Interest on Funds = 0.50 % rating No = 0.0 % rating 0.5% 0.0% No = 0% rating
C.9.3 eToro Contests / Championships Yes Available = 0.25 % rating | No = 0 % rating 0.25% 0.25% eToro offers trading contests = +0.25% rating
D. eTORO TECHNOLOGY MAX WEIGHT 20.0% 11.0% eToro Technology Rating
D.1 eToro Trading Platforms Availability For every Trading Platform = 1.0% rating max = Five (5) platforms 5.0% 3.0% eToro offers 3 platforms = 3.0% rating
D.2 eToro Slippage on Execution Slippage  < 0.5 pip =  4.0% rating | < 0.75 pip =  3.5% rating | < 1 pip = 3.0% rating | < 1.25 pip =  2.5% rating | < 1.5 pip = 2.0% rating | < 1.75 pip =  1.5% rating | < 2.0 pip = 1.0% rating 4.0% 0.0% Slippage on execution more than 2.0 pips = 0.0% rating
D.3 eToro Allowance of Automated Trading Yes it is Allowed = 2.0 % rating  / No = 0 % rating 2.0% 2.0% Automated Trading is an option via the eToro OpenBook = 2.0% rating
D.4 eToro MT4 Platform Availability Yes it is Provided = 2.0 % rating / No = 0 % rating 2.0% 0.0% No = 0% rating
D.5 eToro Mobile Trader Availability For every Mobile Device = 0.50 % rating, max = Four (4) mobile devices  2.0% 2.0% 3 Mobile Apps (iPad, iPhone, Android) = 2.0% rating
D.6 eToro Scalping / Hedging Allowance Yes to both = 1.0 % rating | Only Hedging or Scalping = 0.5% rating | No to both = 0 % rating 1.0% 0.0% No = 0% rating
D.7 eToro Customer Support 24/7 Customer Support = 1.0 % rating | 24/6 Customer Support = 0.5 % rating | 24/5 Customer Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0 % rating | Skype support = 0.5 % rating | Call-Back = 0.5 % rating 4.0% 3.0% eToro customer support is 24/5=0% via email=1% | Live Chat=1% | Phone=1% = Total 3.0% rating
D.8 (+) eToro ADJUSTMENTS        
D.8.1 eToro PAMM / MAM Accounts Yes PAMM / MAM = 0.5% rating | No = 0 % rating 0.5% 0.5% Social Trading and PAMM accounts via the eToro OpenBook = +0.5%
D.8.2 eToro Availability of API Trading Yes to API trading = 0.5 % rating | No API trading not available = 0.0 % rating 0.5% 0.5% API Trading via external partners = +0.5% rating
    TOTAL eTORO RATING  54.3%   

 

eToro VIP Traders (Minimum Account Size 20,000 USD)

This VIP account type offers better trading conditions but the minimum account is $20,000:

- 15% bonus, up to $2,000

- Personal Account Manager

- Faster withdrawals (in 3 days)

- Real traders’ chat room

- Daily market reports via eMail

- Telephone Trading

- Rebate Program

eToro Licenses and Authorizations

(1) ASIC (Australia), No 335692

(2) CFTC/NFA (USA), No 0382918 (this is for eToro USA)

(3) CySEC (Cyprus), No 109/10

» eTORO WEB-SITE


 

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eToro Rating -Review eToro

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Note: The above eToro Rating was made using the TradingCenter Rating Formula v4.1 under authorisation

Rating Formula Concept by George M. Protonotarios, MSc “International Banking and Finance”