eToro Review: The Truth Behind eToro

eToro Review: The Truth Behind eToro. An unbiased review of eToro and their social offering. So many affiliates are pushing and promoting eToro but what is the truth behind eToro. Is eToro legitimate? Can the trading platform be recommended? They may not have the tightest spreads, but accounts can be opened for as little as 50 dollars which makes them a good candidate for practice trading with small amounts of real money.

There are no fees to use eToro, the only costs being the spreads and the charges to hold overnight positions (both higher than most brokers). The simple, game-like user interface and integrated social network functionality might lead clients to believe that trading is easy and fun. Nothing can be further from the truth. It can also give the wrong impression that even though you're a novice, making money is as easy as clicking Copy. There probably are good traders on eToro, but it takes some time and skills to find them. Most of the traders on eToro are high risk traders, with bad money management and and horrible, horrible drawdowns so you have to be extremely careful when choosing traders to copy.