Based on Cyprus and founded in Tel Aviv by 2 brothers Ronen & Yoni Assia and their partner David Ring back from 2006, it now serves millions of investors across the globe. This is a very legit website that we highly recommend, Etoro has proven again and again to be very helpful & profitable for many investors.
Unlike Zulutrade, in Etoro you can trade a lot more variant like ETF, indices, US stocks, UK stocks, futures, forex, binary options, crypto, etc.
The live account starts from $200 for most deposit method, they have many options for deposit:
VISA, PayPal, Neteller, Skrill Moneybookers, Diners Club, JCB, MasterCard, Web Money, Yandex
They are trying to become local friendly too with each country they’re trying to expand.
- Etoro deposit and withdrawal method for Indonesian people is now ready with bank wire such as BCA, BNI & BRI
Duration for deposit is about roughly 1 – 2 days, withdrawal is about 3 – 5 days, so far so good and no problem, just make sure you have all documents ready upfront since the first time you open your live or real account with Etoro.
VERY USER FRIENDLY USER INTERFACE
This is the best broker to go if you’re very new in forex trading that you don’t want to spend so much time learning about this and that in great detail of trading platform. It’s very easy to use, easy to understand, almost self explanatory.
If you can’t use Etoro in your country then you need to look at our other recommendations here, which are Zulutrade & Tradeo.
You can find the traders to copy from with terms: “popular investor” with Etoro.
They’re all using good real money in Etoro, while in Zulutrade they still allow people to use Demo account (they list it upfront, no worry you can choose).
The idea of social trading is good, they get paid when you make profit, they also risking their own money, so there’s no way they will do bad stuff. They will be so careful about the trading they take.
We can tell that it’s like they have money under management, for some people they handle tens of thousands of dollars, other people manage hundrds of thousands of dollars, while the few others will manage millions of dollars in Etoro. They have 5million+ traders of trader to copy.
Again what’s important here is for you to know yourself & to pick what type of trader is for you, that you’re comfortable take the risk vs reward ratio.
You can see under ‘DISCOVER PEOPLE’ once you’re signed up with Etoro, their trading history. You can even sort out by percentages, drawdown, profits, etc that will match your criteria under ‘TRADER CHART’.
It’s very user friendly. Use your demo account as real as possible, treat it as real business, OK? It will make you money when you do your homework & treating it as a real business.
ETORO COPY FUND
If you don’t have much time, it’s also good to use this 2 types of copy fund that are available with Etoro.
They have #1 MARKET COPY FUND, here you can have a bundle of financial instruments that you don’t need to do research to build your own portfolio. Many options here, the bundle can be as normal as indices with other gold silver trading, some other can be very specific like tech indices combined with whatever they have in their portfolio.
The 2nd is TOP TRADER COPY FUND, which simply you can follow the best traders who performed well in the past quarter. You can do this instead of picking the best traders to follow yourself, but again it might not be the way to go.
I think you can simply test on your own.
COST, FEE & PIPS
Their pip is slightly higher (3 pips EURUSD), but I think it’s still OK because not only Etoro is free to join but also it’s all integrated. In short there will be lagging trading that can result you few seconds behind the traders you copy.
So in short it’s still good.