Etoro has become an outstanding Bitcoin Broker & is offering online trading / copy trading by providing Bitcoin and other cryptocurrencies on their unique Social Trading Platforms!
If you feel that it is time for you to start in investing and entering the trading world, you surely should also start trading Bitcoin and other cryptocurrencies at Etoro!
It might be somewhat intimidating…all these graphs and indicators besides the other 100 things you need to know about….and this is even before you can think about actually trading for profit.
But then there was Etoro!
Worldwide acting broker eToro is a pioneer in so called social trading (by copying other traders). The core of the innovation at eToro is the option to become a passive investor from an active trader by letting a part of the trading orders be taken over from chosen, successful traders.
Copying other traders with eToro is so attractive that from 2006, when the company was founded, the broker has gained over 4.6 million clients from all over the world. Not only did this prove the quality of Etoro itself but also the amazing success of the social trading concept!
Etoro offers its services in accordance with the European directive MiFID, has a licence from the British Financial Conduct Authority and on top of that holds a CySEC license. Deposits of clients from the European Union are insured by law up to £50 000 and are held separately from broker’s finances in segregated accounts. This ensures safety of your funds under any condition.
Trading Platforms and Features
We spoke about “reinventing the wheel” at the beginning of this review. As you’d expect from this pioneer in social trading, the platforms offered are proprietary technology and is exclusive to eToro.
eToro provide its customer with three platforms to invest in Forex and CFD’s. These are called, eToro OpenBook, eToro WebTrader, and eToro Mobile Trader. Whereas most brokers offer multiple platforms that tend to be standalone entities, the eToro platforms can be viewed as an extension of one another.
They work symbiotically to provide their clients with a complete and transparent trading experience. A brief overview of each platform is provided below to illustrate this better.
eToro WebTrader –This is eToro’s all-in-one portfolio management platform. It has a number of options including those that allow you to trade and manage your manual and “CopyTrader” portfolios. CopyTrader is a huge selling point of eToro.
It allows eToro’s clients to see the progress of other traders and copy successful trading strategies with the click of a button. Like all eToro platforms, the WebTrader platform uses a sleek and simple interface to display live rates, comprehensive charts, open positions and orders.
It allows traders to easily edit Stop Losses and Take Profit orders, or even to manage their Copy Trading activity. WebTrader is synchronised with your OpenBook activity, making it the ideal place to manage and analyse your trading portfolio. Naturally, it is compatible with both Mac and PC based devices.
eToro OpenBook –This is the main social trading platform at eToro. This slick and intuitive platform allows you to connect with the global eToro network in real-time and presents a range of information.
It is presented in the familiar social media format and eToro encourages traders to interact with it. To do so, it provides discussion walls, personal messages and various feeds. The platform also allows you to follow traders to receive the latest updates on their activity and the CopyTrader tool allows you to then copy successful trades with the click of a button.
This transparency on successful traders and their strategies will appeal to traders with little or no experience. It also rewards more experienced traders as having their trades copied elevates traders to “Popular Investor” status and earns them additional cash rewards.
It is also a fun alternative to a more traditional isolated trading experience. Compatible with both Mac and PC based devices.
eToro Mobile Trader App –eToro provide free apps compatible with all Android and IOS mobile devices.
These can be found at Google Play or the Apple App store as relevant. The apps are a fully functional, yet scaled-down version of eToro OpenBook. App users can view the latest discussions, news and view market pages.
They can also manage their trading portfolios by accessing live rates, charts and viewing open and close positions or even editing stops and much more. These truly allow traders a fantastic way of staying connected with the eToro Bitcoin trading network.
Etoro social network
eToro is not only a broker offering online trading and copy trading; eToro bitcoin broker evolved into a fully functional social network connecting traders from all over the world and giving them the space for discussion.
Every eToro client gets his profile on which he can, but does not have to be active. Nevertheless, regular participation in the community is a great added value for trading and keeps the trader up to date, while discussing their ideas with others.
Trading with eToro Bitcoin Broker
With eToro you do not have to trade only by copying others, you can also do it the old fashioned way. There is a choice of over 850 trading instruments.
Most represented are CFDs on American stocks, but you can also trade with european stock markets, currencies – FOREX, crude oil, precious metals, equity indices or exchange traded funds (ETFs). Traders/investors can, at every opening position chose the degree of leverage from 1:1 to 1:400, allowing for trading with only your money.
Fees for trading, in form of a spread, fall under the better ones, when spread are from 2 pips for USD/JPY and 3 pips for the popular pair EUR/USD.
This is considered as a decent spread for a majority of traders, not cheap and more on the pricey side but acceptable to many traders. We personally find it very justified as the experience you get in return is stunning in one word!
eToro demo account and test of platforms
Etoro offers a full functioning demo account that has 100,000 usd in it for learning how to trade on their systems or in this case even learn how to copy trade. The demo account is letting people get a taste of their system.
Opening a trial demo account with eToro is easy and requires the client to only fill out a short online registration form, which does not take more than 30 seconds.
At the moment of registration, the client gains access to the trading platform and the possibility of infinite testing with virtual currency.
For the regular account that you open with real money you have the options to have a standard account or an Islamic trading account.
eToro accepts traders from around the world, making this a truly international broker. They are currently authorised and regulated by the following regulatory bodies:
- Europe:The Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (UK). eToro also operates under the Markets in Financial Instruments Directive (MiFID), and offers cross border services to all member states of the European Union.
- Australia/Asia Pacific Regions:The Australian Securities and Investments Commission (ASIC) covers activity from all traders in Australia and the Asia Pacific region.
- USA:eToro is regulated by the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA) or America, however, they do NOT accept US traders at this time.
Etoro Customer support
eToro offers excellent customer support service, concentrating especially on email communication. Available is also an online chat room and unique discussion forum on the platform, similar to a Facebook wall.
The benefit of the discussion forum is that the problems of others are visible and so the broker takes care that everything is attended to and solved correctly and on time. Overall, eToro’s customer support is of a very high standard.
As far as it concerns us, they really deserve the name of ” Best Bitcoin Broker “ simply because they offer transparency, their copy trading concept is magic and you don’t have to trade if you dont want….you can have others do it for you.
The entire concept is that the masses know more than any trader by him or herself so you get the point of what the social trading trend is. At the same time there are very good traders out there and you just need to find those traders ( can be as many as you want and can afford) and follow those traders… automatically with the amount you feel save to invest.
This is a longer introduction then I would normally give to a broker but eToro Bitcoin Broker is special and different, not just because it really is a top bitcoin broker in our eyes but eToro is the number one social investment network.
Deposits and Withdrawals
eToro offers a wide range of banking solutions to deposit and withdraw funds from your eToro accounts, including Paypal, Skrill, Neteller, Credit Cards, MoneyGram and Wire Transfers.
Opening a Standard trading accounts can be done for the minimum deposit of $50, to open an Islamic account you need to deposit at least $1000.
Withdrawing funds is easy and fast but they might charge you for it. This is a charge that ranges from $5 till around $25 and should take account 2-5 days before you see the funds in your account.
When you open an account you also awarded their 1st deposit bonus, which amounts to up to 1.000 eToro credits. These credits can be used for trading but there are also other options you can use it for. Like having their cryptocurrency.
They are pretty active with trader incentives so other promotional and season campaigns will come your way.
The Best Social Trading Platform!
eToro top bitcoin broker is without a doubt the best social trading platform on the web. The angle and direction they have taken to social trading is nothing short of amazing and the systems is something to behold.
If you are new to this Industry, never traded before and want to Trade Bitcoin Online this is the solution for you. It will be entertaining for sure!
|Regulated By||CySEC, FCA|
|Number Of Employees||500|
|Contact Information||Tel:357 2 5030234|
|Deposit Options||Credit Card, Moneybookers, MoneyGram, Neteller, PayPal, Webmoney, Western Union, Wire Transfer|
|withdrawal Options||Credit Card, Moneybookers, MoneyGram, Neteller, PayPal, Webmoney, Western Union, Wire Transfer|
|24 Hours Support||Yes|
|Support During Weekends||No|
|Customer Support Languages||Arabic, Chinese, Dutch, English, Finnish, French, German, Greek, Italian, Japanese, Multi-lingual, Polish, Portuguese, Russian, Spanish, Swedish, Turkish|
|Supported Trading Platforms||eToro Platform|
|Commission On Trades||Yes|
|Guaranteed Stop Loss||Yes|
|Guaranteed Limit Orders||Yes|
|Has VPS Services||No|
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Trading Forex, Stocks and CFDs carries risk and could result in the loss of your deposit, please trade wisely.