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Zero commission means that no broker fee has been charged when opening or closing a stock position. Version I will start saying that those who complain about eToro taking their money, for the most part lost it fair and square because they did bad risky trades.
No scalping allowed however, and sometimes spreads open way too much, and their liquidity during big volatility like when oil went below 0 is not the best.
Also the app sometimes lags but I hadnt gotten a full crash since the last update, so I cant complain about that. Other than that, the app is amazing and it does everything you can expect in regards of trading and managing open trades.
If anything there are some limitations that based on the limitations of the broker but in general eToro has never failed me in regards to deposits or payments.
Hello, thank you for taking the time to leave us a review; we are pleased to read that you find the app amazing.
It is true that scalping is not allowed on eToro and regarding the spreads, they are variable which is not unique to eToro. Spreads may vary per instrument according to market conditions.
Have a great day. I signed up to use this app and went though all my verifications - which took some time as expected. I contacted customer services by email and received no reply for days.
Then did so again, and again. After more emails I sent a new request to simply delete my account so I can start all over again, but a week later nothing has been done.
Especially when growing. However what you need to know is that when those bugs occur that you have good customer services to back you up.
No telephone number, no real support on such a basic level. This is to clarify the misunderstanding propagated by the two reviews above.
I think the origin of the misunderstanding is that when you open a trade in the eToro interface the spread appears a separate charge, just so you know how much spread you paid for the trade.
The traders who wrote the reviews above must not understand exactly how the market works. It is a gap that results from the difference in the quoted buy and sell prices - that is why it is called a spread.
The spread that is quoted in the open trade data isn't charged on top of the spread you already paid because of the difference in prices, it is simply an indication of how much the spread will amount to once you close the trade.
Etoro the quickest way to lose money - Poor quality broker. Etoro is low quality, with a buy to buy to sell billing structure. You'll never win with them!
I'll explain, most brokers use spreads instead of commission. So when you enter a trade for example a buy at 1. Then for example you win on your trade you close at 1.
But, EToro is different to professional brokers they then charge a sell of another 5 for example which means you get 0 EToro gets The kick in the teeth comes when you make a loss for example you buy at 1.
Complete UN Professional. This is a warning to all users who are looking to enter the forex market to earn additional income.
EToro use a buy to buy to sell billing system which makes it virtually impossible to earn any money from the markets. All your doing is lining the pockets of EToro.
I will explain,Most Forex Brokers use spreads, this is simple to explain, you enter the market at buy 1.
However, EToro bill again when you exit the market so if you have a spread of 5 and you exit at 1. Whether you are trading CFDs or investing in the underlying assets, you can create a portfolio that suits you on eToro.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Trading cryptoassets with leverage, or shorting them, is regulated and comes with a high risk of losing money.
Buying cryptoassets is unregulated in most EU countries and therefore is not supervised by EU regulatory framework and carries no EU protections.
Zero commission is only available to clients of eToro Europe Ltd. Zero commission means that no broker fee has been charged when opening or closing a stock position.
Version Love the experience and would definitely recommend using eToro. Thank you Or for taking the time to leave us a 5 star review.
Keep enjoying the platform.