Site Review: eToro Europe

Site Description 
etoro offers the opportunity for customers to trade Forex and limited selection of commodities through instruments known as Contract for difference. These derivatives can be traded at etoro for as little as $50 (which is the minimum deposit). etoro is based and regulated in Cyprus and holds a financial services license from Cysec (Cyprus Securities and Exchange Commission). Due to the fact that Cyprus is a member of the European Union, this allows Cysec to part of the MiFID arrangement allowing eToro and other sites based in Cyprus to take on customers from all across the European Union. However it should be noted that Cysec isn't the most stringent regulator within the European Union which is what attracts many to base their companies in the jurisdiction.

Design and Functionality 
The site is very well designed even if eToro's color scheme happens to be a rather garish green. The site is easy to use and even those who are brand new to Forex trading should be able to understand how the site functions. eToro is probably best known for its social trading elements which again are very easy to use and don't take much getting used to. In the past there have been some complaints regarding the speed of the eToro servers which led quite a few to abadon their service. But these complaints seem to have been resolved at least for now. Other than that the functionality of the site is very good everything works how it is supposed too. The trading application is available both online and as a download to your PC, both of which work fine even if one would probably desire more complex charting facilities etc. But other than this eToro is perfectly functional for the average trader and will be easy for a newcomer to get to grips with.

Service 
In my opinion the quality of service at eToro is pretty good even if others disagree. The spreads on offer while hardly the best spreads online aren't the worst either with eToro being competitive with some of their spread offerings. Customer service again is quite good, there is a 24/5 online chat assistant who can help you with your customer service and you can also ring eToro direct if you need further customer support. As far as I am aware eToro also has a spotless record with their regulator Cysec and haven't been called up on any part of their service, which is always nice to know.

Overall, I would say that etoro provides a decent enough experience for those wishing to trade Forex, but the eToro experience does have some downsides. For one eToro only offers currency pairings and the ability to trade Oil, Silver and Gold CFD's. This is a much smaller range than offered by a number of their competitors. Secondly, while eToro has made it very easy to use for the new client they have seemingly left out a number of features that many of their experienced customers would like. However eToro's social trading features and the clean regulatory record more than make up for this.

If you want to find out more about etoro visit there website here.

For another good review of eToro and its services, I recommend that you check out Made to trade's review here.