Etoro Betting Review
Launched in 2006, Etoro is a trading platform focused solely on trading in the Foreign Exchange market. The foreign exchange market, also known as forex, is a worldwide market used by businesses and financial firms to import goods, export goods, as well as perform a variety of transactions, exchanges and speculations in different currencies. The complexity of this market has allowed Etoro to provide people with a intuitive and user friendly platform to learn about forex and trade in it. Etoro has grown rapidly and currently operates with over 50,000 customers.
- Deposit Bonus: %
- Signup Code:
- Rakeback: VIP
- Network: Independent
- Mac Friendly: No
Financial Betting At Etoro
Etoro brings the hard cut forex trading to customers with their user friendly platform that slims down on the need to sift through charts and documents and streamlines the ability to perform critical trading decisions. However, Etoro offers plenty of analysis tools to compliment its visual depiction of the foreign market. Market information, trade tracking and currency exchange rates are constantly kept up to date for the benefit of the customer.
Etoro also offers low spreads which allows customers to make trades without accruing a large amount of trading fees. Leverage is another option that Etoro brings into their financial betting platform boasting a leverage range of 5:1 to 400:1 so customers can take advantage of profitable opportunities even if they don't have the immediate bankroll to cover it.
Other Types of Betting At Etoro
Etoro only offers financial betting and trading on the forex market. However, their system is simply more than just a straight trading platform. Customers are able to begin their forex trading career almost immediately after creating an account and installing the software by first learning through Etoro's practice mode. A comprehensive demo shows exactly how to use the software platform and customers can practice making financial trades and decisions in the practice mode before graduating to real money.
An expert mode is also packaged into the software platform, allowing experienced users to focus strictly on the trading action without the regular version's graphical inclusions and caricatures.
Etoro Betting Bonuses And Promotions
Etoro awards first time customers a variety of bonuses depending on their first deposit amount. Deposits of up to $399 receive a $25 bonus; deposits up to $999 receive a $100 bonus. Higher deposits qualify for bigger cash bonuses and a higher tier trading account. A silver, gold and VIP trading accounts are available, with each account status including bonuses on first deposits of each money, quicker withdrawals, and comprehensive information and strategy tips provided by an account manager.
Etoro also keeps track of the top 30 traders each week, who are then entered to win cash prizes of up to $10,000.
Etoro Deposit Payment Methods
Etoro accepts Visa, Mastercard and Diners credit, bank wire transfer, PayPal, NETeller, Moneybookers, Western Union and MoneyGram as viable deposit methods. The minimum deposit limit is $50, except for bank wire transfers, Western Union and Moneygram which carry a $500 deposit limit. Deposit methods are also available as withdrawal methods for customers. Identification documentation is required before performing the first withdrawal.
Etoro does not charge overnight and rollover fees, it also does not charge commissions on any trades. Revenue is made strictly from the spreads.
Etoro Betting Website Safety And Customer Support
Etoro uses an industry standard 128 bit SSL encryption system to ensure all banking information is transferred securely. Their customer service includes 24/7 telephone, e-mail and live chat support. The customer service support extends greatly into knowledge on how to operate their software platform and the basics of forex trading. Account managers are available for more in depth information and strategies on forex trading. All customers have access to Etoro's forum, where customers can exchange information and tips with each other.