EToro Review in Malaysia, Philippines,
Singapore and other countries

EToro is a platform for the people who are looking for investing in CFDs. The primary objective is to provide the people with the leverage of investing in CFDs. However, people can also invest in cryptocurrency. EToro is a platform that lets you invest. However, the risks and the stakes are high, while you invest in CFD. CFD is a high-risk platform where you can lose your money if you do not know how CFDs work.
April 11, 2020

All you need to know about a broker - eToro Review

Everyone has a talent and purpose. And it is very sad when a person is forced to give up his favorite activity because of need. The need to make money often forces us to do routine and difficult work that is not enjoyable. As a result, the person feels unhappy and depressed.

But this is not a verdict - the modern world offers an active person a large number of opportunities. Thanks to the latest technologies, everyone can earn money in a convenient place at a convenient time. We are talking about trading on assets, cryptocurrencies, or binary options - this process can bring good profits. All that is needed is a minimum start-up capital, an internet connection, and a reliable broker. In this eToro review, you will find a lot of useful information about a company that can be a great partner for you.

Trading Principles and Types of Options

The modern and high-quality eToro platform offers clients access to the international Forex market and an asset trading platform. The basic principle of trading is to choose a suitable asset, track the dynamics of price changes, and make the right decision. Each asset changes in value every minute. Qualitative analysis, a productive strategy, and special indicators help to make an accurate forecast, determine the most promising entry point to trade, and close it with the maximum profit. This indicator can range from 60 to 190%, depending on the selected type of transaction. Today there are a large number of options available to the modern trader.

  • Call/Put. The classic type of binary options, where the trader must determine the direction of price movement. He analyzes the situation, pays attention to indicators and signals, and then chooses the desired direction and expiration time. A correct forecast can bring good profits.
  • Touch/no-Touch. In this case, the broker designates a certain line that is above or below the current price of the asset. The task of the trader is to determine whether the value will reach this value over a certain period. If the "Touch" option is selected and the condition is met, the trader can withdraw the money without waiting for the expiration period to expire.
  • In/Out. There are two borders (upper and lower), which form a segment. The trader collects data, analyzes the situation, and concludes whether the price will stay within this segment or leave it. If it remains, then the "In" option is selected, if it leaves, then the "Out" option.
  • Spread. The choice of true trading professional. Because here it is necessary not only to determine and indicate the direction of movement of the asset but also to find out its exact value after a certain period. This is a complex process that requires careful analysis, but high profits attract a large number of traders.
  • Digital-options. A great option that allows you to take your time. Here, the expiration time is from a week to a month. This allows you to make a high-quality technical analysis that takes into account all factors and make an accurate forecast. But the profit here is less than in other types of options.
  • Turbo-options. The other side of binary options is gambling. The expiration time for turbo options is very short - from one to five minutes. Therefore, decisions are made here almost spontaneously, and it is like playing roulette. However, the profit from a successful transaction here can reach 200%, which attracts a large number of gambling users.

The history of success of the eToro trading platform

EToro was founded by brothers Yoni and Ronen Assia and their partner David Ring in Tel Aviv in 2006. The main principles for the work were taking care of users and creating the most comfortable conditions for trading, both for beginners and professionals. This has paid off - over the years the company has built a great reputation and there have been many positive eToro reviews from real users on the internet.

In 2009, the WebTrader trading terminal was launched with professional tools for traders with different trading experience. In addition to the basic terminal, it was decided to create our development. And in 2011, OpenBook was created, the world's first social trading platform that allowed anyone to copy the actions of successful traders.

In 2012, the list of instruments traded on the platform expanded and trading in stocks began. Thus, traders were able to diversify their portfolios and master the global stock market. And in 2016, eToro clients were offered a completely new thematic investing tool for long-term investments - the CopyPortfolios (formerly called CopyFunds). Today the company is one of the leaders in the segment, and more than a million traders regularly work with the eToro platform.

Security and Licensing

Question - "is eToro safe?" asked by many potential customers of the site. These factors are one of the top priorities for eToro. The broker received registration from FCA and CySEC. In England, it operates through eToro Ltd, a legal entity controlled by FCA No. FCA 583263. In Cyprus, the company reports to the CySEC (Cyprus Central Bank Commission). The platform operates under the CIF (Cyprus Investment Firms) license No. 109/10. FCA and CySEC operate based on MiFID (Markets in Financial Instruments Directive), therefore eToro is officially allowed to operate in the European Union.

SCAM projects are not eligible for certification from these regulators. The firm also received certification from the Australian ASIC. Thus, the broker received approvals from almost all of the most important financial regulators. Therefore, it is 100% safe to work with it, and the trader can be sure that he is making money legally, without breaking the law.

Official site

The eToro home page was created by real professionals: designers and programmers. The gray color palette does not tire the eyes and allows you to focus on important things: charts and indicators. The service has excellent functionality, which allows you to quickly go through the registration procedure, open an eToro demo account, or make the first deal. The page has 21 language versions, so the entry threshold is minimal.

Moreover, at the bottom of the site, there is a link to a section with useful information. Here a trader can get acquainted with the advice of real professionals, read about market news and the latest changes, as well as study the analysis of popular strategies (their advantages and disadvantages).

If an eToro customer needs help, they can reach out to professional support. The company's employees work around the clock and speak different languages. You can contact them by phone, online chat, or email. You can choose the most convenient option and receive highly qualified assistance.

Becoming an eToro client

Any adult user can become a new client of the platform. To do this, you need to spend a few minutes.

  1. Visit the official website page and click the registration button;
  2. Fill out a special form, specifying your name, password to log into your account and email address;
  3. Read all the required documents and agree with the rules of the company;
  4. Create an account by clicking on the registration link (check the e-mail).

Now the client gets access to the platform's functionality, the ability to replenish the account, and conclude the first deal. We also recommend that you immediately go through the verification procedure - this is necessary to remove restrictions (for example, the total amount of funds deposited into the account cannot exceed $2250). The verification procedure begins with uploading documents proving the client's identity and address of residence.

The ID must have a clear photograph and contain the following details: full name, date of birth, date of issue, and expiration date. All information contained in the identity card must be legible. If the document is two-sided, then an image with essential information must also be uploaded.

The verification process can take several days. As soon as the account is verified, the user will receive a corresponding notification. In case of refusal to accept the submitted documents, an e-mail will be sent with a clear explanation of the reason.

Types of accounts at eToro platform

The platform offers several account options for a new user. For example, he can activate an eToro demo account and receive 100,000 virtual dollars for a deposit. Imitation of trading on the exchange. It helps to acquire trading skills without the risk of losing real money, understand the nuances of eToro software, and learn how to make investment decisions.

After the user understands the basic principles of asset price formation and can choose the most productive strategy, it is necessary to move from theory to practice. eToro minimum deposit is $50, for stocks $100. The maximum amount of the first deposit is $4000. After verification, it is permissible to deposit $50,000 at a time. To form an investment portfolio, you need at least $300-500. Unfortunately, the deposit cannot be replenished using a cryptocurrency wallet.

Withdrawing funds to e-wallets (Yandex.Money, WebMoney, Neteller, PayPal), cards or bank accounts takes several days. An application submitted on the official website can be canceled before confirmation. The disadvantage of the platform is the high withdrawal fees compared to eToro alternative platforms:

  • $20-200 - $5;
  • $200-500 - $10;
  • over $500 - $25.

Available asset types

The main moment that attracts clients is precisely the broker's favorable trading conditions. The platform provides the ability to trade an amazing variety of instruments. Here traders can trade hundreds of financial assets including stocks, eToro bitcoin, commodities, currencies, indices, CFDs, and ETFs.

Also, the company is constantly expanding the list of offered options. Today, the site's client can trade eToro crypto with high liquidity. This will allow traders and investors to increase transaction volume and diversification, explore new markets, and expand their crypto portfolio. At the moment, eToro offers to trade Bitcoin and 15 other popular cryptocurrencies that are traded among themselves or in pairs with fiat (Euro, British pound, Japanese yen, Australian dollar, New Zealand dollar, Canadian dollar, Swiss franc).

It is important to note that eToro provides clients with access to the international Forex market. Here users can trade using leverage (this means using capital borrowed from the broker when opening a position).

Leverage is applied in multiples of the capital invested by the trader (for example, 2x, 5x, or more), and the broker lends this amount to the trader at a fixed rate. This method can be applied to both long (buy) and short (sell) positions. This approach allows you to conduct larger transactions, and, therefore, receive more significant profits.

Mobile trading with eToro app

For full-fledged work, the broker has a mobile application supported by the iOS and Android operating systems. It combines the power of digital technology, social networking, and trading. The mobile application gives users access to a set of tools that allow them to track the dynamics of their portfolio, invest in stocks, indices, commodities, currencies, and ETFs. At the same time, the mobile version of eToro combines the OpenBook and WebTrader trading terminals.

Bonuses and special offers

The eToro platform has a special system of bonuses and offers that encourage you to become a professional trader with this company. The special program has four steps.

"Cadet"

  • The minimum deposit is $500.
  • Amount of managed capital - $200.
  • Responsible trading. Applies to all levels of the Popular Investor program.
  • One copier.

Cadet status is granted if all requirements are met within 2 months. Its owner can only count on participating in marketing activities.

"Rising star"

  • Equity capital - not less than $1000.
  • 10 copiers.
  • $40,000 in management.

Upon reaching this status, the trader receives $500 monthly. Money is transferred while he fulfills this requirement. In addition to the financial reward, there is another bonus - the ability to withdraw funds without commission.

"Champion"

  • Maintain your capital at $5000 daily for at least 2 consecutive months. Losses and unrealized gains are included.
  • Have 10 copiers who have entrusted capital totaling at least $150,000. It includes losses and unrealized profits.

In this case, the trader receives monthly payments of $1000. And also a subscription to the Financial Times, the ability to withdraw money without commission, and take part in marketing campaigns.

"Elite"

This status is awarded to those who have an average net worth of $20,000. More than $500,000 were invested in the transactions copied from them. The number of copiers doesn't matter.

To become an "elite", you need to meet these requirements for 2 months in a row. The following monthly remuneration is provided for this:

  • $1000.
  • 2% per annum of the volume of managed capital. It is 1/12. That is 0.16%. From $500,000 you get $800.

A successful trader can look forward to an additional income of $1800. Elite status gives him many advantages. For example, a personal manager (if he is a member of the Platinum Club). And also all the bonuses of the previous levels - no commission, FT subscription, and participation in marketing campaigns.

FAQ

1
Is eToro legal in Malaysia?
eToro is not licensed to operate in Malaysia. But you can use link IQ Option
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2
Can I use Robinhood in Malaysia
No. But You can use an analog.
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Conclusion

Now you know the necessary useful information about the eToro broker and can decide whether to become a client of the company. The platform offers good conditions, a wide range of tools, and an excellent bonus program. Also, the benefits include security and professional support. But the client does not have the opportunity to replenish the deposit in cryptocurrency and pays a large commission when withdrawing funds.

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