Etoro Malaysia Review

etoro-logo-80-high

Legal Company Name eToro (Europe) Ltd
Website https://www.etoro.com
Year Founded 2006
Offices Locations Cyprus, UK, Israel
Regulators UK FCA Registration No.583263 EU CySEC License No. 109/10
Broker Type Market Maker
Minimum Deposit $200
Maximum Leverage 400:1
Minimum Spread 2.0 pips
Deposit & Withdrawal Bank wire, Visa/Mastercard, Skrill , Neteller, PayPal
Currency Pairs 47
Trading Platform eToro Platform
Web-based Platforms Yes
Mobile Apps Yes
Etoro is a market maker broker which incorporates no-dealing practices.  eToro is perhaps best known for the social trading element that encourages traders to follow successful CFD and fund traders.  eToro has developed a smooth trading platform to supports this social experience.  While eToro does not offer the same low spreads as many other brokers, the benefits of this platform, the 24-hour customer service and the automated trading, make it well worth it.

Account types offered by eToro

eToro offers two main types of accounts namely: the demo account and the real account which follows a tiered service model.

  • Bronze Trading Account – 500 USD minimum deposit.
  • Silver Trading Account – 1,000 USD minimum deposit.
  • Gold trading Account – 5,000 USD minimum deposit.
  • VIP trading account – 20,000 USD minimum deposit.
  • Islamic Swap-Free Account – 1,000 USD minimum deposit.

Islamic Swap-Free Accounts

eToro offers free riba-compliant Islamic accounts.  In order to get activate this account type, follow the normal sign up procedure, and fund your account with a minimum of 1,000 USD.  Following this, contact customer service and they will make the necessary changes.

Trade Cryptocurrencies with eToro

eToro is one of the leaders in trading cryptocurrencies online, and the platform offers traders a unique trading experience.  As of the time of the last update, eToro offers 15 cryptocurrencies for CFD trading including Bitcoin, Dash, Etherium, Litcoin, and others.  eToro plans on introducing more cryptocurrencies in the future as they become of interest to the trading community.

eToro crypto offering 2019

Because eToro is a social platform, when you zoom in on a currency with is Bitcoin, in this case, you can find a feed full of commentary and questions, the all-important stats, and a chart to do your analysis.

eToro Trading platforms

eToro has a version of its trading platform for browsers and mobile devices.  The eToro Mobile Trader app is for the traders who use mobile devices to trade and is available for IOS and Android.

Deposit & Withdrawal

Deposits are possible with credit cards, debit cards, Neteller and Union Pay. All accounts wallets are in USD, so clients depositing from non-USD accounts will be charged a conversion fee.

Company & Regulation

eToro has acquired licenses to allow accept clients in CFD trading. Among the various regulating bodies that eToro has registered with are:

eToro was established in 2006 and its headquarters are in Limassol, Cyprus. It also has other offices in other different cities like London, UK and Tel Aviv, Israel.

How eToro Compares To Other Brokers

eToro Vs. AvaTrade

  eToro AvaTrade
Funding Bank wire, Visa/Mastercard, Skrill , Neteller, PayPal Bank wire, Visa/Mastercard, Paypal
Regulated UK FCA Registration No.583263 EU CySEC License No. 109/10 FSCA No.45984, ASIC, FCA, BVI, FFAJ
Broker Type Market Maker Market Maker
Currency Pairs 47 50+
Minimum Spread 2.0 pips 0.7 pips
Minimum Deposit $200 $100
Max Leverage 400:1 400:1
Expert Review Read review Read review
Visit Website Visit eToro Visit AvaTrade

eToro Vs. XM

  eToro XM
Funding Bank wire, Visa/Mastercard, Skrill , Neteller, PayPal Bank wire, Visa/Mastercard, Skrill , Neteller
Regulated UK FCA Registration No.583263 EU CySEC License No. 109/10 EU CySEC License No. 120/10, UK FCA Registration No.705428, ASIC No. 443670
Broker Type Market Maker Market Maker
Currency Pairs 47 55+
Minimum Spread 2.0 pips 0.0 pips
Minimum Deposit $200 $5
Max Leverage 400:1 500:1
Expert Review Read review Read review
Visit Website Visit eToro Visit XM

 

Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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