eToro is considered to be one of the foremost social trading networks and forex brokers in the world. There are millions of traders who registered on eToro already.
A lot of people are looking for eToro promotions, because in the past forex brokers used to offer these to new traders.
All you had to do was:
- to open a new trading account
- confirm your email address and make a deposit
- after the deposit you received some kind of reward
eToro Disclaimer: 75% of retail CFD accounts lose money.
What Is The Minimum Deposit
eToro is one of the brokers with the lowest deposit requirement.
The minimum deposit is only $100.
Unfortunately as of May 2018, all trading brokers stopped offering any kind of deposit and promo codes.
The reason is that the regulators forbid these methods of marketing. In order to comply to the new rules, eToro ,as a regulated broker, has stopped these promotions as well.
Is There any Other Kind of eToro Reward?
This is what you have to do to reffer friends on eToro – no eToro code needed:
- Log in into your eToro account
- Type in the email address of your friends
- Click the invite button.
Founded by the brothers Ronen and Yoni Assia in partnership with David Ring, eToro commenced operations in 2006. It was conceived as a platform for investment and financial trading that would suit anyone.
But is it a legitimate enterprise? There is strong evidence to suggest that it is. eToro’s European headquarters are based in Limassol, Cyprus where their operations are regulated by CySEC. In the UK, the firm is regulated under the FCA, another globally recognized financial agency.
At present, eToro’s services are accessible in over 170 countries and it has a network in excess of 5 million traders. On a daily basis, thousands of new accounts are opened. The firm offers trading assets such as currencies, CFDs, commodities, and indices. Unfortunately, however, you cannot trade with eToro if you are a trader from the United States.
At first, eToro’s trading platform was designed to be easy to use for the novice trader. Since then, its former platforms have been fused into one, creating an all incorporating super platform that has brought home several awards since its launch. Simply put, it takes the best out of all the previously-released platforms and offers them as part of one complete package. It is easy to access as well since it has been made available for both Android and iOS devices.
Deposits and withdrawals
eToro trades exclusively in American dollars. A deposit made in another currency is immediately converted before further processing. The minimum amount you can deposit at eToro can vary between $200 and $1000 depending on whose regulations are affected in your area.
There are many payment methods that are compatible with eToro. These include Visa and MasterCards, Skrill, Neteller, Webmoney, Wirecard, China Union Pay, PayPal, GiroPay, and Yandex.
Withdrawals come with a fee of $25 and take as many as 5 days to be processed, certainly not the quickest or cheapest on offer.
All things considered, eToro is definitely up there with the best social trading networks and forex brokerage firms anywhere. There is no eToro code, but that’s not really a problem. The only real drawbacks are the lengthy withdrawal period and the unavailability for US-based traders.