Why does everybody hate etoro?

[dudest]

Let me know the forex broker who is trust worthy. There are so many fraudelents brokers there. I am from india,

Yes guys, thanks for your opinions. But can you recommend me brokers to trade with? I am a total newbie, and I want to get started, but I want to learn for myself not copying.

A broker with tight spreads and which is also serious and honest AND technical good working?

Guys, if you read to the end of my post, i recommended a broker...

[Fxmall]

I use Trader's Way, FXCM and of late, Alpari - happy with the lot and it works for me. I should point out that there's no "one size fits all" kind of a broker out there, every trader may prefer one broker or the other, depending on their preference. So make a list of what you are looking for in a broker and sort through the bucket list of brokers. Here's a tip, aim for the ones with good reviews..

[bigscud]

I doubt it eddy , as the providers are getting paid by the amount of followers , and those money are considered bonus money , which in etoro language means that in order to withdraw them you have to trade one mini lot per 1$ you want to withdraw or sth like that.

[EDDY MO]

I doubt it eddy , as the providers are getting paid by the amount of followers , and those money are considered bonus money , which in etoro language means that in order to withdraw them you have to trade one mini lot per 1$ you want to withdraw or sth like that.

thanks for the fast reply!
you concluded my idea that truthfully it is not that much of a good system as it advertises itself to be. we are much better off with our zulutrade accounts.

[EDDY MO]

Guys, for the broker you ask about consult this comparisson matrix:

Spreads | Myfxbook

I find it quite good, has them all. As for experience with them, suppose read onjectively forums comments.

[saydokan]

I doubt it eddy , as the providers are getting paid by the amount of followers , and those money are considered bonus money , which in etoro language means that in order to withdraw them you have to trade one mini lot per 1$ you want to withdraw or sth like that.

Hm I don't get it... What do you mean with "in order to withdraw them you have to trade one mini lot per 1$..."?

[Fxmall]

Sorry, one mini lot per $? hope you can post more details on the same,
thnx

[bigscud]

Hm I don't get it... What do you mean with "in order to withdraw them you have to trade one mini lot per 1$..."?

Below is an abstract taken from the Etoro Terms and Conditions
"General Bonus Policy – In the interest of fair trading, traders must buy or sell at least (10) Ten mini lots in real-money mode for each unit of $10 bonus granted by eToro before submitting any withdrawal requests. Each mini lot accounts for 10,000 currency units You choose to buy or sell. For Example: If You receive a bonus of $25 your trading requirement is 25 mini lots which equal 250,000 currency units".

They state that every 10$ you have to trade 10 mini lots , so its basically 1 mini lot per 1$

[saydokan]

Yes but just if you get bonus money. I didn't get

[bigscud]

Bonus money = Commisions for signal providers.