Most young people seek to secure their future by searching for investment projects via the Internet, and one of the most popular investments is trading on global trading sites, and therefore these sites have spread greatly, making users confused about the option that gives them the best opportunity to achieve financial gains. One of the most famous of these sites is eToro , and for  this we will explain to you what this broker is and whether it is reliable and reliable or not, and we will also inform you about the trading options it offers and the trading platforms it provides, we will also learn about the reviews of this site and all the information about etoro company. Click here to start trading immediately with eToro Risk Warning: 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

What is an eToro Social Trading Broker?

eToro is a social network for users of online trading platforms, which allows investment through trading in many options such as digital currencies, private shares and commodities as well, by using the platforms it provides for trading, which gives customers an opportunity to achieve high financial profits through this field. .

This company, which was established in 2007 under the name of Ratyl FX, has multiple assets and has registered offices in different countries including Cyprus, the United States, the United Kingdom, and Australia.

The company, since its inception, has continued to develop, as it launched the eToro social investment trading platform, which is called eToro OpenBook, and then also released an application for the site’s platform running on the Android system to enable users to trade via phones.

eToro license and is it a reliable broker

The first thing that customers look at when choosing a broker is if they can trade safely without fear of being exposed to fraud and scams. Also, the licenses and awards that the broker has when choosing must be reviewed, as they determine the extent of their reliability. So, is eToro a reliable company ?

Big companies like eToro prioritize the security and safety of clients’ funds to gain a good reputation, especially in light of the spread of many competing companies, as for brokers who are from the European Union they are subject to formal regulation and their financial products are under supervision.

The regulation or licensing is subject to strict conditions, as if a broker violates the rules and laws it will run the risk of withdrawing the license immediately, so defrauding users is not easy for brokers who are under European regulated control.

eToro is regulated and licensed by multiple regulators, as it is authorized by the Cyprus Financial Conduct Authority (CySEC), ASIC in Australia, the US Financial Conduct Commission FinCEN, and also by the FCA, the UK’s financial watchdog.

All these licenses by the relevant Financial Conduct Authority as well as compliance with the rules of European regulation make us answer the previous question, namely that eToro is a reliable social mediator .

Explain the interface of eToro

One of the important features of eToro is the easy interface of the site for entry and registration, which is represented in the following steps:

– When entering the site link, you will find an image as shown below containing simple buttons, namely:

The lines on the top left, when you click on them you will find many options including login and other buttons such as trading/trading, investing/investing, language options and other information about the company.

– On the first page of the eToro website, you will find the join now button. When you click on it, a list will appear for you to enter personal information such as username, email and password, and after entering this information there are two boxes in which you agree to the site’s policy, after that you press the button create account/create an account to apply.

There are other options to register, such as registering with a Facebook or Google account.

After that, you confirm the registration to become your membership activated and you can then start trading via the trading.0 button

After registration and before moving to the eToro platform, you will be presented with different pages:

• A page where the site asks you about your experience and level of trading by providing three options for the number of years you have traded: 01 year, 01 to 03 years, more than three years. Below you will find a field to choose if you have not traded before.
• On the next page, the site will ask you if you have any certificates in the field of financial studies or if you have taken any trading courses before, and below you will find an option if you do not have any.
• After that, you reach the important page, which is specifying your options in copy trading, and there are many options that can be chosen, but there is a condition that they are related to some of them, for example, you can choose to trade stocks and currencies together.
• This is followed by the page where you are asked about the reason for entering the trading platform, i.e. simply why you want to enter this field.
• The next page is very important, as it determines the value that you will invest on this site, of course the choice is as much as your capabilities, so this choice must be taken into account.

After all these options, you can go to the eToro platform to start the trading tasks you want.

Account types on eToro

It is known that brokers usually offer different account types, so what types of accounts does eToro offer:

real account:

This account is very well known, and it is simply the account in which you are trading on real money. Once you register on the site, you will be presented with options to register, including the real account. It is easy here. All you have to do is deposit the amount you want to trade with and start deals after that.

Demo account:

In addition to the other account options, there is the option to register on a demo account. This account has important benefits, especially for those who are social trading for the first time, in order to explore and get to know the platform well, also in order to get used to patterns, charts, etc., and for this it is recommended to register with eToro Demo account before trading on the real account.

What are eToro trading options?

One of the good features of the eToro social trading broker is the many trading options, as your options are not limited to one type of trading material, and the options available on the site are:

stock trading

The stock market is active and offers traders investment options that many consider to be the most suitable in the medium and long term. Buying or selling shares on the etoro platform without the use of leverage enables you to invest in shares in the form of the underlying asset, that is, the shares will be bought and held in your name.

Cryptocurrencies and Contracts for Difference

The great spread and development of digital currencies and contracts for differences such as Bitcoin and Ethereum made it a first investment choice for many users, especially in light of the huge number of currencies that are added to the platform permanently, and as is the case with stocks, investing in the underlying asset is by buying currencies From the eToro platform, the site will save it for you.

Commodity trading

eToro provides a wide variety of commodities, including energy sources such as oil and the like, and precious metals such as silver, gold, platinum and others..

Currency trading

The average daily trading volume of the foreign exchange market is more than 5 trillion US dollars, which makes it the largest market in the world, and sharp changes and fluctuations that occur within a few seconds are one of the characteristics of this option of trading, users of trading currencies that are characterized as dynamic They are always active, so their only concern is choosing the best social trading platforms to achieve what they are looking for.

Trading platforms available at eToro

After you complete the registration steps on the site, as we explained earlier, you will move to the trading platform to start the trading tasks you want, this platform offers many features for users, including:

– Like what we mentioned above, the social trading network platform available on the site offers investors options to access more than 2,000 different underlying financial assets, thus providing investment options for anyone according to their options, whether in the short or long term

– The platform contains charts with advanced tools, and this is what most professionals in the field of financial trading look for when searching for an ideal broker, because these charts and tools give them the ability to technical analysis easier due to the information provided by the platform.

The platform supports different operating systems such as Windows or the Apple system, and it can also be downloaded in the form of an application from different phone stores, and this helps users a lot to trade from anywhere by phone, especially if they are far from computers.

– Another thing that matters to customers is the fee and commission rate. For the etoro platform, it is low and does not take any fees until the end of the transaction for the user.

Withdrawing from eToro

As for the process of depositing and withdrawing, etoro provides many methods, among the most important of these methods are: various bank transfers, many credit cards and electronic wallets, and among the most famous names that can be used to withdraw from etoro are:

China unionpay, Skrill, neteller, Paypal, rapid transfer, sofort banking, yandex

The options are also different depending on where the withdrawal is from or where the customer is located, because not all countries support all the methods we mentioned, and the value of the deposit on the payment processing gives some accounts the value of only $2250 which is not verified.

As for the withdrawal period, it varies according to the different type of account, also if it is a regular account or an account with special privileges. The withdrawal and processing time ranges from immediate withdrawal to a period not exceeding seven days as a maximum.

The process of withdrawing from the social trading site eToro charges a fixed withdrawal fee of $5.00 USD. per transaction, and one of the basics of withdrawal is to match the name of the account holder with the name of the withdrawal and payment processor.

In general, the payment and withdrawal options from this site, which is considered one of the best international brokers, are great options, which is the first for many.

User rating for eToro

This social broker has been widely known in the field of trading on a large scale all over the world, and this is proven by the number of subscribers, which reaches 8 million active accounts, and for this we find that the evaluation of eToro is largely positive, and the points that must be taken into account when Rating are:

First reliability:

Being subject to the oversight of global bodies such as CySEC in Cyprus and FCA in the United Kingdom and other bodies, as well as the various licenses owned by the site in addition to the awards that it reaped, which makes it apply strict laws in financial behavior, which makes it a reliable company and far away from the operations of Fraud such as carried out by some companies that are not licensed.

Second, the trading platform:

eToro is characterized by managing trading operations on both the OpenBook and eToro webtrader platform which are easy to use and provide important indicators and important analysis strategies for good risk management.

Third, options trading:

One of the important things is the multiplicity of trading options on the platform of any trading broker, so eToro provides users with many trading options, the most important of which are trading in stocks, commodities, and cryptocurrencies, which makes it attractive to various trading deals.

customers service:

This site is characterized by a professional team, which manages the site for 24 hours a day in order to address customer problems, and contacting in order to inquire about any other matter is easy through the phone or e-mail that you will find on the site page.

All these features make eToro a hugely positive user rating and the number of subscribers is increasing exponentially on the company’s website.

The social trading component of eToro

In addition to the fact that it contains various trading options, eToro has added many features to social trading, and this is the element that distinguishes this broker from others because the social features here are more than the scope of the trading platform itself, the site has developed social programs to provide assistance to traders, including The famous investor program, which is based on encouraging successful investors and sharing their experience and expertise, and there is also the social newsletter, which has great benefit in integrating various means of trading with social media.

Click here to start trading immediately with eToro