Read our honest and objective review of Etoro broker in every customers aspects below. We know what traders want, and we will compare it to what Etoro offers to traders. We also take live examples of people's experiences of Etoro that you might want to know before signing up with them.
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Read MoreHi, welcome to this website, this website contains neutral posting regarding Etoro review as a relevant topic of Etoro scam. The chances are you want to know about Etoro forex broker for you to open an account with them, right? Well, few years ago when Etoro was still building their brand images, they did a tremendous effort on the promotion and marketing, really cool and flashy banners, then it turned out that they got lots of clients online. We can say it was a big success for Etoro. Then it looked like people were having bad experience with Etoro from any aspects like hard to withdraw, easy to get in but never get their money out of their live account, slow machine for trading, the trading platform is like a kid online games, and so on.
On the other site, Etoro offers new traders really good promotion. What can you say if when you want to open a live account with $500 in capital, but if you open a live account with Etoro, they will give you like some good extra money that you can trade to give you more margin, so you can trade and earn more. Does it sound good? Etoro has been very good in selling and packaging themselves and positioned themselves that they're a bit different than any other brokers out there, they add some "fun", eye catching, and friendly broker. So, let's find out about Etoro, are they good or bad broker, and are Etoro scam or not?
Read on.
Honestly I don't like to read bad things on the internet, I don't like scam as much as you do. We as a trader just want to make money, dealing with good and reliable broker, that's it. So here are some examples of people's bad experiences with Etoro, and surely I found all this posts from the internet.
I put the link above, because I know that the forum above is filled with real traders, so they will only post honest review about all things related to forex products and service.
But if you do more research online, then you'll also find good review and experience about Etoro. Start to get confused? Which one is correct, is Etoro scam or not? Read on.
Actually this is our view of what people said about Etoro, and what we'll do if we plan to trade with Etoro, this is just an opinion, and you can make your own decision.
We see that people's bad experiences can be categorized into:
So, honestly you will always see good and bad to all things online, people have their own rights to say this but you don't know which one is true, right?
When people say that it's hard to withdraw from their account, this can be their own fault, because all brokers will have their own regulation like some datas needed to withdraw the money from their live account, and margin required because maybe there's still some open positions. We believe that some clients in any brokers don't really care about the data required so they can't meet the data requirements, they blame and post bad things about the related brokers and in this term Etoro specifically. We can't have the funding funding process in this case as the measurement or to judge the broker whether they're scam or not. It's not a reliable fact to claim Etoro is scam.
Slow platform execution, this is one of the strongest reason why people had bad experiences with Etoro, because their platform is slow at execution and as a trader it can be considered as a low and unreliable trading platform. Then with low customer support quality, we've tried to reach them and they reply easily to us quickly. But based on some Etoro (ex) customers, when they faced problems that need the Etoro customer service to handle, they replied slowly and was not that heplful. They don't solve the problem straight forward, and we can imagine if it happened to us, we won't be happy either. In one case we read on the net, it was the withdrawal problem, or problems related to losses because of low quality of platform, maybe slow execution.
And lastly about "big losses after some profits" issue, some people are suspicious that Etoro cheated on them and don't want them to profit, that's why after they got some real profit, they will have big big losses. We don't know if it's true or not, because we don't have any real evidence, so we realize that people are saying that "Some fx brokers are trading against their traders to get more profit instead of profiting just from spread." We heard this years ago, lots of people have posted this across the internet. Again, we don't have enough proof of this, so it can't be a strong reason to judge Etoro as a scam.
So, what's the best solution for Etoro review and Etoro scam problem? We can't say they are scam or not, but it's just we don't want to trade with unreliable platform broker. That's the bottomline if you want to have a successful trading result. Fast execution, clean broker with good reputation on the internet is needed if you want to have good and long term result of your trading business. We'll choose to look for another broker, we don't say that Etoro is a scam, but we concern about its platform which is low quality.
We have experienced good things with the following brokers and after checking on the internet we found that people are having really good experiences with them. We'll help you to have a good broker to trade with to support your trading result. Check our broker recommendation.