What is eToro?
The platform eToro was established in 2006 by professional traders. Currently, it's the world's leading social trading network with over 5,000,000 registered traders. They use the wisdom of their investors to guide you through your investments.
Their social trading philosophy is to provide a simple investment community where the markets are more open to more traders. Users can communicate with each other through live chat or messaging system.
Their trading platform allows every investor to see the profile of others, learn and copy from expert traders, and earn up to 2% of assets as second income.
eToro provides traders with the easiest, most innovative, and easy-to-use trading platform in the forex market.
They offer you a choice of online software to use as your trading platform. Choose from the WebTrader platform or the eToro mobile trading platform (for Android and iPhone apps).
Some of the features of the platform are: watchlists, stats, charts of the latest news, copy of the earnings tool, one-click trading from each screen.
In social trading, the market is open to anyone who wants to trade, invest and learn about the markets. Using this social network you will be able to join their trading academy, where you can learn for free about trading all the time through videos, websites, daily opinions, and seminars.
eToro.com offers you a free demo account so you can get an idea of how to trade social trading networks for currencies and commodities. There is also a premium investor account and premium deposit offers for investors. The calculation you received is calculated from the equation you have.
You can find a wide range of assets to trade which includes (cryptocurrencies, stocks, indices, commodities, currencies, and ETFs). Please note that not all of these assets are available for purchase, but are available in the form of CFDs.
Commissions and spreads
The company also offers you a set of competitive spreads on different currency groups ranging from 2-8 pips on foreign exchange spreads, gold 90 pips, silver -5 and oil -10 pips. Indices spreads range from 1 to 6. eToro does not charge any commissions or trading fees.
Do they provide Islamic accounts?
Yes, eToro offers you Islamic accounts, without any interest on contracts, for all traders for online financial trading.
How can you open an Islamic account with eToro ?
1) Open a real account
2) Deposit a minimum of $200.
3) Submit all required documents.
eToro provides you 24/7 customer support through live chat, email and phone in several languages by specialized staff who understand well traders and trading, as well as dedicated account teams for all clients.
None at the moment.
Deposit and withdrawal options
As the company gives you a wide range of payment options including credit card, PayPal, Neteller/OnePay, Skrill, Webmoney, Geropay (Germany only), bank transfer, Western Union and MoneyGram.
All deposits and withdrawals are processed very quickly.
Oversight and regulation
eToro is located in Cyprus and traded in the UK (FCA), and Europe (CySEC) and Australia (ASIC).