ETORO Ethereum Broker Review
Etoro Ethereum Broker is offering Ethereum trading and copy trading on their unique Social Trading Platform and people simply love it!
eToro has definitely become the leading global forex broker in social trading. With their platform there is no real need for in depth trading knowledge which has resulted in tens of thousand of extra clients looking for a social crypto orientated experience! At eToro, is has become easy to to trade Ethereum.
Etoro Ethereum Broker is a great broker if you feel that it is time for you to start in investing and entering the trading world. Being highly accessible and offering cryptocurrencies such as Ethereum eToro might be a great broker for you to explore the whole new world of social and cryptocurrency trading.
We awarded them with the name ” Etoro Ethereum Broker “ as the social trading experience in combination with trading Ethereum is simply fun!
So about what is all this social (and cryptocurrency) trading?
The concept is actually very simple! Many people know more than one and thus, by looking at and copying trades of others, you now understand about what the social trading trend is.
There are some very good traders out there which have high ratio’s of winning trades and your job here will be to find those rock stars ( can be as many as you want and can afford) and follow them/ copy their trades.
A difference or two…
If you have been doing your homework on the internet and decided you want to trade on MT4 or MT5, there might be a small problem here as eToro works with its own trading platform called the Openbook and the Webtrader. These are their own platforms allowing the whole social trading experience and is also the place where you can find this massive social trading environment. Looking for numbers? Prepare yourself to engage with approximately around 3.5- 4.000.000 traders!
Trading sometimes can be found pretty stressful. You have to keep a firm eye on the market, especially when trading cryptocurrencies as these can be rather volatile. During our experience with the Openbook we kind of felt this disappearing although and we’re convinced that this is due to the interaction with others.
Than, in addition to the Openbook, there is the eToro WebTrader platform. On this platform, which surely is suitable for the experience trader as well, you find practically all needed in order to open and close your copied trades. It does not have the EA’s and other bells and whistles that MT4 offers but for most traders this is more than enough.
The webtrader allows you to analyze your trades in real time and synchronize with the OpenBook from your desktop computer.
Mobile wise, etoro has a full functioning mobile application where you will be able to trade and use the use the same functionalities of the WebTrader only using your mobile devices such as Androids or iPhones.
Just as most brokers, eToro also offers the demo account. They will pump it up with 100K and allow you to get used to the special environment.
Once ready, you can open you live account (or if needed an Islamic account) and start trading.
Deposits and Withdrawals
When it comes to making your deposit you will find out that this is rather easy. Etoro offers credit card options, wires and a number of APM’s. (Alternative payment methods) The minimum deposit is $50 which is very low to other brokers asking $250-$500.
If you are fully verified, than withdrawals will also not be a problem here. It is mandatory to be fully verified in order to process your withdrawals by the way. Your money should arrive within maximum 5 days and the withdrawal fee should be between $5 to $25.
Periodically, promotions also will be given to traders. Etoro naturally notifies its clients about such promotions and most of them are season related or are given upon important trading events such as the NFP.
The Best Social Trading Platform!
eToro Ethereum broker is without any doubt the best social trading platform on the web. They offer what you need to trade properly (the 2 platforms) and although not having the MT4 platform, is absolutely recommendable. We had fun using copying their trades and on the Openbook and executing them on the Webtrader. We once more would like to emphasize that experienced traders might have to get used a bit to the new environment and way of trading but once getting used will enjoy the refreshing experience. As it concerns new traders, give it a go as you will totally enjoy it!
Etoro Ethereum Broker Details
|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|