eToro Review | Scam or Legit Broker?

eToro was founded in 2011 and is based in Cyprus. However, eToro allows investors from across the world to trade on their platform. It has one of the most advanced and incredibly safe trading platforms that the web has to offer. Once you are a trader with you are allocated a personal broker to yourself along with free signals each day you are associated with them. Most traders have a good trading experience with them because of its high quality as a service provider.

There are a number of important features that are very helpful to the traders, including frequently asked questions and useful education materials. Therefore, you will be kept busy while learning how to trade binary options with this broker.

Usability 9/10

Even if you have no experience in trading with binary options you would still find it easy to comprehend and trade on this site. The learning curve helps the new trader to jump off and start trading straight away! The introductory techniques offered by it are worth applauding. The cherry on the cake is the availability of eToro Broker during any time of the day at your service. Opening a new account is very easy and takes only a few minutes.

The support is offered through the day and a representative can be contacted at the following numbers:

US: 1-718-684-9050
UK: 44-20-3519-2710
CANADA: 1-613-701-0120

No. of Assets 10/10

Trade in a variety of assets (more than 90) ranging from Commodities and forex to Stocks and indices.

Expiry Range of Options 8/10

It has a decent expiry time ranging from 60 seconds to every day!

Effective Return 10/10

They provide fairly good payouts ranging from 90 percent when your trade wins and 15% for trades that expire out of the money.

Languages 4/10

The platform language includes only English. This is a little bit of a letdown for an excellent broker.

Fees/Commissions 6/10

Trading is easy with eToro as there are no commissions. Withdrawing with credit card, E Wallet and PayPal are free. But there is a hefty charge for wire withdrawals of $25.

Loyalty Offers 7/10

It offers a special bonus of $100 on the first opening.

Payment Methods 10/10

All types of credit cards and debit cards are accepted here along with a safe and sound wire transfer method at the disposal of traders.

Support Quality 9/10

Their customer support is impeccably exceptional. They provide a twenty four hour live online support to their customers on almost every day of the year! Traders get the assistance of personal brokers and the representatives participate actively in clearing all queries a trader might have.

Website Extras 9/10

eToro offers a return rate of about 90% on investments that are made in a single trade depending upon the price of the underlying asset. This high return is not common in the binary options world. What makes it unique from the lot is its One Touch option feature, which gives the traders the opportunity to trade on the weekends when the market is closed and keep their positions until they hit their target.

If they reach the set stage then the trader receives the payout at the end of the week. With this unique feature of its platform one can earn up to 500%. Another feature that it gives is the Option Builder that allows the trader to manage their own profits and risks as desired.