ETORO Bitcoin Broker Review
In the world of cryptocurrencies, there is one broker that really stands out. Etoro Bitcoin Broker has become the number 1 cryptocurrency broker offering regular and copy trading. Read below why we recommend opening your trading account at Etoro and trade Bitcoin on their awesome and unique Social Trading Platform!
Etoro is the leading global broker in Social Trading. Over the years they managed to develop a product which is incredibly suitable for both beginning & experienced traders! Additionally, Etoro is very well acquainted with the exciting world of cryptocurrencies (and offers an impressive variety of them!) which can easily be traded on their platform. If you are new to the world of trading and bitcoin, this review is an absolute must-read!
With all the crypto news that is currently flying around on financially orientated websites, you might have asked yourself recently whether it has become time for you as well to start start trading bitcoin online. Buying the real deal might be too expensive now that Bitcoin has reached the $6000 mark per bitcoin but dont be worried...there are alternatives and Etoro is one of those brokers which offers them....perhaps in the most attractive way possible today.
Etoro has dived at a very early stage into the world of cryptocurrencies and therefore has gained expertise which brokers who just recently added cryptocurrencies yet need to gain. Add their social trading option to that....and it's Party time!
Etoro made their social trading option a long time ago available to its clientele and since then managed to build something which you might want to compare to the facebook of trading. Practically, by making use of their social trading feature it does not really matter anymore whether you're a trader with years of experience or the new kid in town as with Etoro you can simply copy trades of successful traders and enjoy the ride.
We have decided to make this review a bit longer than we would normally do as we're very impressed with this top bitcoin broker and their social trading platform which by no doubt can be called the number one social investment network.
We are aware that the majority of traders always will look for the MT4 or MT5 platform such as for example Avatrade or HYCM offer. In the past we heard Etoro's platform looks as if its coming from the gaming world but once you get used to it it will all make sense as they simply converted the world of social media into the world of social trading!
The basic eToro trading platform is called eToro copytrade and is a platform where you can meet millions of other traders (around 3.5- 4.000.000 ) in one huge social trading environment. Etoro's copytrade will give you the opportunity to see and follow traders which are very successful. You can copy their trades which will give you the advantage over other beginning traders which decided to trade on MT4.
By doing the above, eToro aims to make Forex trading both profitable and entertaining, transforming an otherwise very stressful and often frustrating activity into a whole other experience.
The eToro WebTrader platform is the trading platform where the actual trades are being placed and not like the "copytrade" where they are being copied. The webtrader is a full functioning professional platform that offers enough for traders to be able to trade properly although it does not have the EA's and other bells and whistles that MT4 offers. It is possible although to analyze your trades in real time and on top of that fully synchronized with the copytrade which will be installed on the desktop of your computer.
Additionally, Etoro has a great mobile application where you can trade as well. It has the same functionalities of the WebTrader. Of course, it's compatible with with both Android and Iphones.
To start with, Etoro naturally offers the fully functioning demo account. Upon opening you will get it with a $100000 of demo money and this can and will allow you to learn how to trade on their platforms.
Additionally, there is the real live account which will demand an investment so as soon as you're willing to move to the next step, you can open one. Of course Etoro also offers the Islamic Trading Account which demands a minimum investment of $1000
Deposits and Withdrawals
Etoro allows you to deposit and withdraw funds in a variety of ways. These include credit card deposits and wires naturally and in addition a number of APM's (Alternative Payment Methods) such as Paypal, Skrill, Neteller and MoneyGram.
The standard account minimum deposit is $50 which is low in comparison to its competitors. The Islamic Account although, as mentioned before, requires a minimum deposit of $1000
The withdrawals, a sensitive issue for many traders, is going easy and fast. We understood from our visits to their offices that Etoro in general is a very transparent company and they have nothing to hide. This vision, is also applied to their customers which gives a feeling of trust and safety which is a great thing. Etoro charges between $5 and $25 for withdrawals but the withdrawal should hit your account within 2 to 5 working days.
As most brokers, Etoro also provides bonuses. They do this in a way in which they provide up to 1000 Etoro credits which can be used for trading. Naturally, this includes their cryptocurrencies.
What we love about Etoro is the fact they are very active. We previously mentioned their level of transparency and their interaction with their traders is one of those ways in which you can see this coming back.
A great Bitcoin Broker & Certainly The Best Social Trading Platform!
In our opinion, eToro is a top bitcoin broker! They offer what a trader needs and the social environment only adds to that. It changes the whole trading experience and thus, we highly value the experience of this combination. They certainly can be called market leaders in this aspect.
If you are new in the industry or cryptocurrency trading, we highly recommend you give Etoro a good try! You will enjoy the experience!
Etoro Bitcoin Broker Details
|Regulated By||CySEC, FCA|
|Number Of Employees||500|
|Contact Information||Tel:357 2 5030234|
|Deposit Options||Credit Card, Moneybookers, MoneyGram, Neteller, PayPal, Webmoney, Western Union, Wire Transfer|
|withdrawal Options||Credit Card, Moneybookers, MoneyGram, Neteller, PayPal, Webmoney, Western Union, Wire Transfer|
|24 Hours Support||Yes|
|Support During Weekends||No|
|Customer Support Languages||Arabic, Chinese, Dutch, English, Finnish, French, German, Greek, Italian, Japanese, Multi-lingual, Polish, Portuguese, Russian, Spanish, Swedish, Turkish|
|Supported Trading Platforms||eToro Platform|
|Commission On Trades||Yes|
|Guaranteed Stop Loss||Yes|
|Guaranteed Limit Orders||Yes|
|Has VPS Services||No|
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Forex/CFD trading involves substantial risk and may result in a loss greater than the invested capital.