eToro 

eToro was founded in Uk in 2007 and currently operates in more than 100 countries and has more than 17 million users. Non-US users can trade on different exchanges with additional asset classes (such as difference contracts (CFDs) and stocks). Thus, we can see the difference in opportunities between US and non-US users.

While it is possible for U.S. residents living in Nevada, Delaware, Tennessee, Puerto Rico, Minnesota, New York, or New Hampshire to register, they are still unable to trade. Residents of Hawaii, Guam, American Samoa, and the US Virgin Islands are generally unable to be customers. It is possible to register and trade in the broker in all other states.

Regulation

- License 109/10 regulated by the Cyprus Securities and Exchange Commission (CySEC).

- License FRN 583263 regulated by the Financial Conduct Authority (FCA) (UK).

- (ABN) of 66 612 791 803 and (AFSL) 491139 regulated and licensed by the Australian Securities and Investments Commission (ASIC).

- License 31000176049756 regulated by Financial Crimes Enforcement Network (FinCEN) the USA.

Also on the European continent, Etoro operates under the strict guidelines emanating from the MiFID Act, created to ensure transparency in the European markets as well as to improve security and consumer protection.

Type of broker

Etoro is an Electronic Communication Network (ECN) broker, which is used in order to avoid intermediaries that may interfere in market operations such as forex. This system provides the client with advantages such as:

• More competitive prices
• High execution speed
• Low spreads

Demo Account

Etoro has a demo account for those beginners who lack experience in the sector and decide to make first contact with the market, testing their tactics and even do copy trading without risking their money, in fact currently the demo account offers a total of $ 100,000 virtual balance, all this hand in hand with the same conditions offered by the real account.

This platform has a cutting-edge design making it much more intuitive and faster than its previous versions, managing to unify social trading and manual investment.

Islamic Account

Yes, the Etoro platform offers an Islamic account for people of the Muslim faith. Investors of this religion can change their real trading account into an Islamic account, however, there is a big difference as far as deposits are concerned and that is that if in the standard account we had to deposit a minimum of $200, Muslim traders must fund $1,000 this type of account if they want to get it.

The spreads of this type of account start from 3 pips in EUR / USD, a very competitive price in the Forex market, also without additional charges such as administration fees or commissions.

Payments on eToro depend on the spreads. This is the difference between buying and selling a cryptocurrency. Spreads differ based on coins. At eToro, all this is determined and changed according to market conditions. eToro considers you are only charged once for each of your assets when you purchase.

Current spread fees for some common cryptocurrencies available on eToro:

•  - Litecoin (LTC): 1.90%
•  - Bitcoin (BTC): 0.75%
•  - Dash (DASH): 2.90%
•  - Ethereum (ETH): 1.90% 
•  - Bitcoin Cash (BCH): 1.90%

Minimum Deposit:

Maximum Leverage

Etoro's maximum leverage can be up to 1:400, as long as we are talking about a freely appointed professional client.

Users from the United States do not need any investment to invest. Currently, eToro has three different types of deposits: $ 50 for debit cards and bank transfers, and $ 500 for wire transfers. Debit card and Bank transfer can be made immediately, and Wire transfer within 4-7 business days.

Optionally, you can save your cryptocurrency on the eToro platform like other exchanges or withdraw your cryptocurrency and use your cryptocurrency wallet. There are some payments you need to know to use an eToro wallet. eToro has a 0.5% fee (minimum $ 1 - maximum $ 50) for each remittance. Although US eToro users have a minimum of $ 30, there is no additional commission required to withdraw money.

 Payment options:

• Credit/Debit Cards
• Online Banking
• Bank transfer
• PayPal
• Other online payment solutions

Users use email and online chat to contact customer service at eToro. This support is only available to eToro Club members. The live call is not available except for Australian users. Live broker support is generally not available.

This service is available from Monday to Friday, 24 hours a day, with no customer service during the weekend. However, when an incident occurs during these days, you can choose to create a ticket or contact Etoro OpenBook.

Etoro provides customer service via e-mail at support@etoro.com.

eToro provides users with a wide range of research and resources on the foreign exchange market. Research and learning resources are designed from scratch for advanced users.

The videos and blogs at eToro Academy cover everything from how to use it to your investment strategy. The News and Analysis section of this platform provides users with the latest and most up-to-date news and additional analysis related to the cryptocurrency market. 

Educational tools are available to US customers. Weekly webinars on currencies, trading stocks, and cryptocurrency bases are organized for non-US users. At the same time, these users can get instructions, blogs, podcasts, video tutorials in the Media Center.

Your eToro account is held in FDIC-insured storage accounts and is protected for up to $ 250,000. At eToro, your crypto assets are strictly protected both online and offline. eToro has a two-step login system, which makes logging a little more difficult, but also provides better security.