eToro User Reviews
Regulated By:ASIC, CySEC, FCA, MiFID
Headquarters:Kanika International Business Center 7th Floor, 4 Profiti Ilia Street Germasogeia, Limassol, Cyprus
75% of retail CFD investors lose money
Have been using them for over a year now and never had a problem. All in all nothing to complain about.
I have been involved in a number of forex trading systems, they each cost alot of money, with no results. When I stumbled upon etoro openbook, I couldn't believe it was free to join. Everything about the site leaves the others I previously joined for dead. I would recommend this site to anyone.
I’ve read all about peoples complaints. MiFID regulations are just fine and if you have a problem lodge a complaint, don’t just rant and rave. I’ve been with eToro for over 2 years and I have had no problems.
Their Social Trading Platform makes trading feel more like a game
I start FX on 2010 and tried several platforms. Although etoro is not the best, it beat many others. I am happy to trade with etoro, it is safe, reliable, good service and a platform thateasily let you make money.
Etoro was warmly recommended by Forexcheck24.de ;Germanys exclusive Forex Broker Comparison. I opened my account two days later, completed my identification documents i.e passport, driving licence or phone check. After that I deposited £5000 from my debit card and started trading. To me its platform is simple, quite informative and clear screen. The best trading screen I found. Just to see the withdrawal service I requested for £5800 and within 05 working days the amount was in my account. I am very happy with Etoro.
I liked the bonus when I joined and so far so good. I lost some money but that’s not their fault. Don’t buy long when the pair’s sinking ;). I think that they have a very good platform and I like eToro’s social site.
I have been through almost everybody and I haven’t been happy until I found eToro. I like their service, the website and the platform works fine for me. I like discussing the latest market trends with my fiends on OpenBook.
I’ve been with eToro almost since they opened. I opened my account in 2009 and I’ve loved it ever since. Sure they have grown and others have joined but you can’t beat their platform.
You can trade with your smartphone or your desktop pc
I tried to think of something I dislike about eToro. I ignored the naysayers and found it a great experience. Sure you gain and loose but their platform is sound and if your investments are as well, you’ll come out a winner like me. Best of luck to all.
I’ve been with Etoro since 2008. Three years later I’m still super pleased. I have friends who bounce through brokers, but not me. I found eToro, got good service and am happy. I follow European and Japanese news closely so I mostly trade EUR/JAP and the 4 Pip spread is not bad at all. Plus, 400:1 leverage is powerful…
I know what it feels like not knowing who to trust. I tried their platform and discovered liked it and that eToro’s is both trustworthy and easy to use! Their social site, OpenBook looks interesting, thought I don’t use it.
You can use the “Copy Trader” to automatically copy the trades of the traders that you are following.
It was good that I found eToro. I was so weary after my last endeavor into Forex but eToro has pleasantly surprised me. I am new to the market and their platform is user-friendly unlike MT4 and their videos are great.
I like eToro. They were responsive to my inquiries and helped me. I have had great success with them. I learned a great deal from their friendly social blogging site: OpenBook.
Their trading education covers everything that you need to know about forex trading
Everything was fine until you want to withdraw your money. They will try everything to stop you doing that.
The promotional offers are worth waiting for
Very innovative openbook feature, ability to learn from gurus and east to use trading system. However they had some serious flaws in the copy system, meaning that losses occurred to some, but not all people copying a particular guru. Unhelpful customer service responses; closed account when complaint sent to Cysec.
Basically, as others suggested in previous reviews, nothing works on eToro for being a site trading real money. Dangerous.
Hi, I have requested a withdrawal 3 days ago and I have received a confirmation email from eToro support team at 12:43:49 (Tuesday, 19 December 2017) as per the attachment. However and until now the request was not processed as I have checked on the system and it showing that unprocessed request? Until now no feedback at all. Regards Ibrahim Ghawanmeh
Stay away from Etoro if you value your money Stay away from Etoro if you value your money. I don't know if they are scammers, but there practices are scammy to say the least. They claim 0% commision, but they have ways to rek you anyway. I have made a withdrawal of 836 dollars and got 699 euro. That's some conversion rate. Than you have to beg for your money when you made a deposit with a debitcard and your bank does not accept payments to a debitcard. They will hold your money hostage untill you send them prove of this. If you can't prove it, say goodbye to your money. They make depositing funds extremly easy, but withdrawals are a hassle. Not to speak of other scammy practises they do, which other people have already mentioned here. Customer service is the worst i have ever come accross. I have opened a ticket about a trade 13 days ago and still nobody feels the need to answer your ticket. They say it will take up to 7 days, which is bad enough when you have a problem with money, but 13 days is a joke. Than you have to wait for hours to get connected to a live agent trough live chat and if that isn't bad enough, you get someone who is not helpfull in trying to get things solved. I recommand anyone who has funds at Etoro to take them out of there, before it's to late. Who knows what practices they will come up with in the future. If you can't trust your broker when it comes to withdrawal, than you need to get the hell out of there. I was lucky i didn't had much money on there, but for you who do. You are warned. I wanted to keep it to a single review about my experience with this company, but they keep reporting my post to get my post not seen by anyone. Now they triggerd me to post it evrywhere i can.
if possible I would like to give them -ve ratings. worse broker for traders and IBs, the just steal clients money however they can. ive an partner account with them. for few years. as their spreads are very high and platform is not mt4 hard to get client for them. for last few months my commission earnings increased to 400-600 usd avg per month. some time it goes passes 2k as well. and then suddenly my account manager informed me that due to regulation issue they are not paying commission to affiliates. only cpa they are offering. I mailed several times to my account manager asked her why others partners are offering rev commission to their clients. she just ignoring those question and repeat one thing that due to regulation issue they are not paying to affiliates any rev commission. for last few months I saved my accounts earnings and contact them to release those but they denied and now they just not updating my accounts at all. so I don't know how much my referrals are generating. today they just blanked my account earnings.
I have created and account. Only after deposit $200 I got status Pending Verification. I have sent ID Data (+ID data address), but it was not enough. I have sent my electricity bill, but I didn't get notification that it was not approved also. account has been closed!!!
Warning stay away from this site. There is so many problems with it I don’t even know where to start. Two major problems I had is it seemed like every time a buying opportunity came up they closed the buy button option, very fishy. Also I was informed that Canadians will not be able to trade anymore so that my open trades will stay open until I close them and then won’t be able to trade again. Which would have been fine but two weeks later they force all my trades to close saying I did not have enough funds to keep them open. When I still had $7450. Three weeks later and I’m still waiting to get my balance back with no luck. You can’t call anyone because they have no phone line. You have been warned and Wendy steal all your money you have no one to blame but yourself.
Read independent reviews about trying to withdraw your funds and their total lack of customer service.
they will stole your money by applying big spread (2-3%) everywhere (forex not required, cryptos etc) then if you want to withdraw they will ask you 25 usd for a wire transfer. DO NOT OPEN AN ACCOUNT WITH ETORO
No account verification for more than 2 weeks. No action after raising tickets.
Please do not deposit with this company. A couple of traders have been losing so much as tbe site apparently "crashes". I learned the hard way when I made a substantial deposit and could not log in with my password. I then used my registered email to get tbe password resetink. They never sent it to me. I then cleared my cached and tried to get password reset link many times but there was no response. I sent a screenshot of my deposit. The support also do no offer help or any real response. Its been 2 weeks now and no real reply. It truly is an outright scam.
eToro makes it looks like an exchange for Bitcoin or other currency, but in fact its just a CFD platform. $25 of withdrawal fee only after you've deposited a minimum of $200 and realized its not an bitcoin exchange?!! Still waiting for my withdrawal 48h after the 24h they claim takes for a typical withdraw. This is not business. its a joke!
they take 2% in crypto while rest take 0.15 and will not send you money instantly but rather in 15 days if you are lucky
eToro is not really a scam, but it is not safe either. They easily accept your deposit before notifying you about their requirements for a proof of address, and this proof is harder to provide than you might think. For instance, all my bills are paid for by my employer (I travel a lot), and so it is all in their name, making it impossible for me to provide what they needed. Of course, they had already accepted my deposit, so if I transfer back any money (I had decided not to continue with a trading platform with practices like these) I will be hit with their insanely high transfer fees. It gets worse though, because like many other peoples stories, they had conveniantly limited my account, which means I am now unable to transfer out my money, and will have to wait for them to send back the initial deposit to the original source (my bank account). They are in no hurry to do this, because every day now (it's been a week) a new person from their customer service calls me to ask me for my proof of address, and every day I have to go through the same story with them. The last two times the caller ensured me that they had made a note not to call me about this again, but guess what I received today, once again, a call to ask me about my proof of address. All I want for them is to close my account, and send me my money back, and I will accept that they will take their rediculous transfer fees, but I will never ever deal with a company like this again. There is a very good reason why, when I looked into this, eToro has a hard time managing to get even 2 out of 5 stars, and this same story comes up time and time again.
It difficult to make any money, don't be fooled by the percentages of profit by traders. no easy to get your money back. beware !