Review of Etoro, the forex broker has a name among all brokers as the best brokers for the beginning traders and social trading with their unique “Openbook”.
Etoro dash trading has put social Trading to a whole new level.
With an extremely intuitive trading platform they have pioneered the way for other brokers to try to do something similar as their social trading format. Etoro Dash Trading through this system has never been easier.
Features and Account Types
Like most brokers there are some differences a what account type you get when you open your trading account depending on the amount of the initial deposit but in general the differences there are not that big.
Etoro aims for the lower investors and traders instead of the larger investors that in general look to trade through ECN due to the believe of etoro that the quantity will make up for it as they need as many traders as possible for their social trading algorithms. especially for trading cryptocurrency etoro dash Trading on a social scale is new to the world.
in addition they have the option to open an Islamic trading account.
eToro offers several different of trading platforms, but not the most known MT4 (Meta Trader 4) trading platform from metaquotes. they have a system called the openbook that is a trading platform with crowd indicators and a copy trade format. in short the idea is that if you do not know how to trade you can follow the trades of someone who does automatically and receive all the trader stats of every trader in order to decide who to follow.
they also have the regular webtrader that is like Plus500 a simple easy to use webtrader for opening and closing positions without too many bells and whistles, the system is not for EA’s like MT4.
the more seasoned traders will not really know what to here as all the indicators and other stuff they know from MT4 is simply not there , that does not mean that you are not able to trade properly on the etoro webtrader thou. nothing is further from the truth. it is a solid good system but aims more for the beginning trader. the assets they offer are enough for mnost trading and etoro dash, bitcoin, and in the future other cryptocurrencies will be a nice addition to their asset index.
The minimum deposit in a standard trading account is $50, €50, £50 while there is also an options for an VIP account but the moment you get to this amount they will personally tell you so as this requires a larger initial deposit.
For the Islamic account you are required to deposit $1000, €1000, £1000.
When you want to withdraw your funds, lets say profits, you will find that Withdrawals are processed quite easy and fast without too much hassle since you already did the compliance in order to get the account opened. because of this you are fairly easy be able to receive the funds delivered on the same account from where you made the initial deposit.
They are present and active. Customer support is offered 24/5 via telephone, chat or email. eToro’s customer support is getting positive reviews. keep in mind that their entire openbook is based on the community and thus bad feedback and bad support will basicly make any effort to promote openbook useless.
this is a social media and social trading oriented company and their service reflects that.
In conclusion we can honestly say that eToro dash broker is a unique broker as there is simply no other that does the same things and offer the same features as they do. Their platform is solid and for those that have never used the social trading from openbook, i would suggest you take a look. it is interesting.
All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results. This post is for educational purposes and should not be considered as investment advice
Dash Broker review : Resources and more Reading for Reviews, Knowledge and entertainment
All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results. * and all the content on this site is for educational purposes and should not be considered as investment advice