Rating Index
Pros
User-friendly trading platform with support for MT4 and MT5.
Long-standing presence in the market, indicating experience and stability.
Offers a variety of trading instruments, catering to different trader preferences.
Cons
Lack of regulatory oversight, which may pose risks to traders.
Limited customer support options, potentially leading to slower response times.
Mixed reviews regarding service quality and trustworthiness, raising concerns for potential clients.
DATTOO broker Accounts
eToro Account Types
eToro offers several account types tailored to different trading needs. The main account types include:
Retail Account: This is the standard account type for most traders. It requires a minimum deposit ranging from $10 to $10,000 depending on the geographic location, with a typical minimum of $200 for international traders. Trading fees include spreads starting from 1.0 pips and a 0.15% commission for CFDs. A $5 withdrawal fee applies.
Demo Account: Automatically created upon registration, this account provides a virtual balance of $100,000 for practice trading without a time limit, allowing traders to familiarize themselves with the platform.
Islamic Account: Designed for Muslim traders, this account is swap-free and requires a minimum deposit of $1,000.
VIP Account: Part of the eToro Club, this account offers enhanced trading conditions and perks for traders with a minimum equity balance of $5,000.
Professional Account: Available for eligible EEA-based traders, this account provides higher leverage and fewer restrictions, but requires meeting specific criteria.
Corporate Account: Ideal for businesses, this account requires a minimum deposit of $10,000 and additional documentation.
- Visit the eToro Website: Click on the "Start Investing" button.
- Fill Out the Application: Provide your desired username, email, and password. You can also sign up using your Google or Facebook account.
- Confirm Your Email: eToro will send a confirmation email with a verification link.
- Account Verification: Mandatory for compliance with AML/KYC regulations. Submit a government-issued ID, proof of residency, and verify your mobile number. Unverified accounts can deposit up to $2,250 but cannot withdraw funds.
- Deposit Funds: Make a deposit of at least the minimum required for your chosen account type.
- Start Trading: Once your account is funded, you can begin trading all available eToro assets.
eToro Broker Account Opening Process
Opening an eToro trading account is straightforward and can be completed in a few steps:
For more details, visit the eToro account types review here.
DATTOO Similar Broker Accounts
Explore broker markets account types: forex/trading accounts with demo access.