The online broker eToro is popular in the majority of the world. It is a web platform for trading cryptocurrencies, stocks and contracts. The users can make different types of investments and earn from their good trading acumen. In order to invest in different financial markets, you will be offered multiple tools and exhaustive information. A number of trading offers are available to you and you will be the person to weigh the investment risk. If this information is not sufficient, we then offer you a detailed review for the broker.
How to register in eToro?
In order to open an account with the eToro online broker it is necessary that you log into the platform and then press the green button “Join Now”, which is located in the top right corner. After that, a special window for account registration will pop up. To be extremely detailed in our explanation, we will point out what fields will need to be filled in in order to open the account.
- User name – in this field fill in your username;
- Email – here you need to fill in your personal email address;
- Password – specify a password to log in;
- Tick that you agree with the Terms and Conditions;
It is important to mention that the eToro website is available in 21 languages. If you are fluent in English or any other of those languages, there won’t be a problem, however, if you don’t know foreign languages, it will be quite difficult for you to trade on the website.
What payment types are there in EToro?
If you would like to invest in cryptocurrencies and capital markets, you will need to top up your account on the system. For this to happen, you can use the different deposit methods. Deposit methods are, of course, also valid for withdrawing the earnings. To be more precise, we offer you a list of payment methods at eToro:
- Visa and Mastercard
The minimum deposit amount on the website is $200 regardless of which payment method you are using. To withdraw money from the system, it is necessary for you to have earned at least $50. Of course, the abovementioned deposit methods apply for your earnings withdrawals too. It is an important detail that when withdrawing earnings eToro will charge you $5. Another thing is that the earnings have a fixed payable period – up to 3 days from the request made on the website.
However, there is one considerable detail here. In order to withdraw your earning from the website, it is mandatory that you have been verified in the system. In other words, you need to send a scanned copy of both sides of your ID card in colour to the operator, he will review your details and approve your application. More information on verification you will receive from the platform support team.
Advantages and disadvantages of E-Toro online broker
In the eToro system you will find numerous different ways to trade on the big markets. Among the biggest advantages is cryptocurrency trading. You can make use of competitive spreads, good commissions, choose between short-term and long-term deals, cryptocurrency exchange and others. You receive a full set of tools amongst which are such for drawing, adaptive diagrams, detailed stock reviews and a bunch of other useful options for traders.
You can enter as a beginner, but you can also make use of capital offers for more advanced traders. The system shows what the risks of loss are, so that you can get an idea. By progressing with your participation in the deals, you will receive invaluable experience. All these are positives of the platform that we couldn’t skip mentioning.
A little disadvantage is that eToro charges you a $5 commission every time you withdraw earnings. In this way if you have earned the minimum required amount of $50 and you request a withdrawal, this fee will be deducted and you will receive $45.
If you possess a mobile device which operates on Android or iOS, you won’t have any issues to log into the mobile version of the website and trade. The mobile website has the same capabilities as those provided for the desktop version. You will receive the same financial instruments and trading options. If you would like it to be even easier and more convenient for you, you can then download the mobile application, which guarantees easy and quick access to the various offers.
The mobile version and the application are very convenient because they let you experience real emotion from the deals no matter where you are. Everything that you need is a smartphone, iPhone or a tablet, to be able to log into the system and use it as intended. We, personally, admire the mobile services in the trading site and we hope that they will be of use to you.
Summary and grade for eToro
It doesn’t matter if you are a beginner or a professional as long as you have a business acumen and apply it on the eToro online brokerage system. There you will be able to develop a real investment business with cryptocurrencies and stocks as long as you have at least a small idea of the market. You will be able to gain experience from other traders and grow in the hierarchy of e-trading. We personally, like the online platform and because of that we give it an excellent mark. Don’t forget that in order to trade you need to be at least 18 years old.