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Versions of eToro
|eToro 1.4 04/03/10||Free||English||Download|
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A trading market game you can play for fun or for real money
- Fully documented
- Includes a built-in chat client
- It's complicated at the beginning
- Be careful when playing with real money
"Etoro the quickest way to lose money - Poor quality broker"
Etoro is low quality, with a buy to buy to sell billing structure. You'll never win with them!
EToro is un-professional as it billing structure means you'd probably have to get 90% of your trades right to make any money. I'll explain, most brokers use spreads instead of commission.
So when you enter a trade for example a buy at 1.55 the broker enters at 1.50 and the difference is the spread. Then for example you win on your trade you close at 1.60 a profit of 5 the broker also closes at 1.60 you get 5 the broker gets 5.
But, EToro is different to professional brokers they then charge a sell of another 5 for example which means you get 0 EToro gets 10. The kick in the teeth comes when you make a loss for example you buy at 1.60 EToro enter at 1.55 the price drops to 1.40 and you close etoro closes at 1.40 then they charges you a spread of 5 so your losses are double and your winnings are half.
I would strongly suggest that people wanting to try and make money using Etoro Don't
- Nice Graphics
- Low Quality and Un-Professional, Poor Customer Support
- 17 Feb 2011