eToro Rating and Trading Review

Etoro Forex Brokers

eToro RATING REVIEW -Using the Formula V.4.0.59 71

 The following Rating of eToro is based on the Forex Brokers Formula v.4.0. published on the affiliated TradingCenter.org. 

eToro Rating Summary

Sum of each individual Main Factor of eToro Rating Analysis (1, 2, 3, 4) 

eTORO RATING SUMMARY      
  MAX ACHIEVED (%)
1.Safety of Funds 26.00% 21.96% 84.46%
2.eToro Cost of Transaction 28.00% 11.50% 41.07%
3.eToro Trading-Options 26.00% 14.25% 54.81%
4.eToro Technological Efficiency 20.00% 12.00% 60.00%
Overall Rating 100.00% 59.71% 59.71%

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eToro Rating Analysis

Analysis of each individual Sub-Factor forming eToro total rating result. 

RATING ANALYSIS of eTORO    
TOTAL RATING 100.0%   eToro Broker
  Weight Analysis Factor Analysis 59.71% ANALYSIS
1. SAFETY OF FUNDS at eTORO 26.00% RATING WEIGHT 21.96% eToro Credibility Analysis
1.1 eToro Level of Regulation 12.00% FSC (BVI) = 1.0%, | CYSEC = 3.0%, | FFMS = 3.0%, | RAFMM = 3.0%, | CBI = 4.0%, | ASIC = 4.0%, | FSC (NZ) = 4.0%, | FSA (UK) = 6.0%, | BAFIN = 6.0%, | NFA = 6.0%, | CFTC = 6.0%, | FINMA = 8.0% | and MiFID = +4.0% 12.00% eToro is regulated by CySEC, FCA (UK), BaFIN, CONSOB Italy and others = (max) 12%
1.2 eToro Headquarters Base 5.00% General Offshore = 0%, Cyprus , Latvia = 2.0%, Ireland, Spain, Italy, Belgium, Israel = 3.0%, Canada, Australia, New Zeeland = 4.0%, USA, UK, Germany, Scandinavian, France, Switzerland  = 5.0% 2.00% Headquarters at Cyprus = 2.0%
1.3 eToro Years in the Market 5.00% 0-1 Years = 0 %, 2-5 Years = 2.0 %, 5-10 Years = 4.0 %, 10+ Years = 5.0 % 4.00% Found in 2006, 5-10 years in the market = 4.0%
1.4 eToro Segregated / Bank Accounts 2.00% Yes =  2.0 %, No = 0.0 % 2.00% Yes, client segregated accounts in multiple financial institutions = 2.0%
1.5 eToro Web Ratings (Usage for differentiating results) 2.00% ForexPeaceArmy Rating = 1.0 %, | EarnForex Rating = 1.0 %  0.96% FPA = 2.048 / 5.0, EarnForex= 5.5 / 10.0, Total= 4.798 / 10 = 0.9596%
1.6 (+) ADJUSTMENTS        
1.6.1 Size Factor 1.00% More than 1 Million Traders = +1.0 % 1.00% Yes eToro maintains a client base of more than 1 million traders = +1.0%
2. TRADING COST at eTORO 28.00% RATING WEIGHT 11.50% eToro Competition Analysis
2.1 eToro Typical Spread on EURUSD 8.00% < 0.3 pip = 8.0%, | <0.4 pip = 7.5%, | < 0.5 pip = 7.0%,  | <0.6 pip = 6.5% | <0.7 pip = 6.0%, | <0.8 pip = 5.5%, | <1.0 pip = 5.0%, | < 1.25 pip = 4.5, | < 1.5 pip = 4.0%, | <1.75 pip = 3.5%, | >2 pip = 3.0%, | < 2.5 pip = 2.0%, | < 2.5 pip = 1.0%, | < 3 pip = 0.5% 0.50% eToro EUR/USD Spread is 3.0 pips = 0.5%
2.2 eToro Typical Spread on GBPUSD 5.00% < 1.0 pip = 5.0%, | <1.25 pip = 4.0%, | < 1.5 pip = 3.0%, | < 1.75 pip = 2.5%, | < 2 pip = 2.0%, | < 2.25 pip = 1.5%, | < 2.5 pip = 1.0% | < 3 pip = 0.5% 0.00% eToro EUR/USD Spread is 4.0 pips = 0.0%
2.3 eToro Typical Spread on USDJPY 4.00% < 1.0 pip = 4.0%, | <1.25 pip = 3.5%, | < 1.5 pip = 3.0%, | <1.75 pip = 2.5%, | < 2 pip = 2.0%, | < 2.5 pip = 1.0%, | < 3 pip = 0.5% 2.00% eToro EUR/USD Spread is 2.0 pips = 2.0%
2.4 eToro Trading Commissions 7.00% No Commissions = 7% | Commissions < $5 / lot = 3% | Commissions < $8 / lot = 1% | Higher Commissions = 0% 7.00% No Trading Commissions are charged by eToro
2.5 eToro Deposit / Withdrawal Commissions 2.00% No = 2.0 %, | Yes = 0 %,  | 1-Free / Month = 0.5 % 0.00% Yes, some commissions are charged on withdrawals (form $5 to $25) = 0%
2.6 eToro Maintenance and Inactive Fees 2.00% No = 2.0 %, | Yes = 0 % 2.00% No Maintance Fees = 2.0%
2.7 (+) ADJUSTMENTS        
2.7.1 eToro Execution 2.00% ECN = +2.0 % / STP = +1.5 % | Market Makers = +0.0% 0.00% eToro is a Market Maker
3. TRADING OPTIONS at eTORO 26.00% RATING WEIGHT 14.25% eToro Trading Analysis
3.1 eToro Forex Asset Index 8.00% 45+ Currency Pairs = 8.0%, | 40+ Currency Pairs = 7.0%, | 35+ Currency Pairs = 6.0%, | 30+ Currency Pairs = 5.0%, | 25+ Currency Pairs = 4.0%, | 20+ Currency Pairs = 3.0%, | 15+ Currency Pairs = 2.0%, | 10+ Currency Pairs = 1.0%, | Less than 10 pairs = 0% 2.00% 16 Forex Pairs = 2.0%
3.2 eToro CFD and Spot Trading 2.00% CFD Trading = 2.0 % | Only Spot = 1.0 % | Nothing = 0% 2.00% CFD trading is available = 2.0%
3.3 eToro Demo / Practice Account 2.00% Yes = 2.0 %, No = 0.0 % 2.00% Yes Demo is available
3.4 Leverage at eToro 2.00% >100:1 = 2.0%, | > 75:1 =1.5%, >50:1 = 1.0%  2.00% Max Leverage is up to 400:1 = (max) 2.0%
3.5 eToro Bonus & Rebate 6.00%   0.00%  
3.5.1 eToro Bonus (%)   Bonus (Higher or Equal): >50% = 6%, | >40% = 5%, | >30% = 4%, | >20% = 3%, | >15% = 2%, | >10% = 1%   eToro offers 10% Deposit Bonus = 1%
3.5.2 eToro Rebate (%)   Rebate  (Higher or Equal): >30% = 6%, | >25% = 5%, | >20% = 4%, | >15% = 3%, | >10% = 2%, | >5% = 1.0%   No rebates
3.6 eToro Minimum Deposit 1.00% Min Deposit < $500 = +1%, | Min Deposit < $1,000 = +0.5% 1.00% Yes minimum deposit < $500 = 1.0%
3.7 eToro Fund / Deposit Methods 2.50% For each deposit method available = 0,5%, max = 5 methods 2.50% 5+ Deposit Methods = rating 2.5%
3.8 eToro Fund / Withdrawal Methods 2.50% For each withdrawal method available = 0,5%, max = 5 methods 2.50% 5+ Withdrawal Methods = rating 2.5%
3.9 (+) ADJUSTMENTS        
3.9.1 Offering 100+ Currency Pairs 1.00% Yes = 1.0 % / No = 0 % 0.00% Not met
3.9.2 Interest on Funds 0.50% Yes = 0.50 %, No = 0.0 % 0.00% Not met
3.9.3 eToro Competitions / Championships 0.25% Yes = 0.25 % / No = 0 % 0.25% Yes available contests = +0.25%
4. eTORO TECHNOLOGICAL EFFICIENCY 20.00% RATING WEIGHT 12.00% eToro Technological Analysis
4.1 eToro Available Platforms 5.00% Each Supported Platform = 1.0%, max = 5 platforms 3.00% 3 platforms available (WebTrader, OpenBook and Copy.me)
4.2 eToro Slippage 4.00% Slippage  < 0.5 pip =  4.0% | Slippage  < 0.75 pip =  3.5% | Slippage < 1 pip = 3.0% | Slippage  < 1.25 pip =  2.5% | Slippage < 1.5 pip = 2.0% | Slippage < 1.75 pip =  1.5% | Slippage < 2.0 pip = 1.0% 1.00% Slippage about 2 pips = 1.0%
4.3 eToro Automated Trading 2.00% Yes = 2.0 % / No = 0 % 2.00% Yes to automated Trading using OpenBook copy trading = 2.0%
4.4 eToro MT4 / MT5 Availability 2.00% Yes = 2.0 % / No = 0 % 0.00% No MT4 / MT5
4.5 eToro Mobile Trading 2.00% Each Supported Device = 0.50 % (iPhone, iPad, Android, Windows Mobile, Blackberry), max = 4 devices  2.00% Apps for Android, iPad, iPod and iPhone = 2.0%
4.6 eToro Scalping / Hedging Policy 1.00% Yes both = 1.0 % | Yes only Hedging or Scalping = 0.5% | No = 0 % 0.00% Neither Scalping or Hedging is allowed = 0%
4.7 eToro Customer Service 4.00% 24/7 = 1.0 %, | 24/6 = 0.5 %, | 24/5 = 0 %, | email = 1.0%, | Phone = 1.0 %. | Live Chat = 1.0 %, | Skype = 0.5 %, | Call-Back = 0.5 % 3.00% 24/5=0%, email, Live Chat and Phone = 3.0%
4.8 (+) ADJUSTMENTS        
4.8.1 eToro PAMM / Managed Accounts 0.50% PAMM = 0.5 % / Simple Managed = 0.25%, No = 0 % 0.50% Social Trading is the great advantage of eToro while PAMM accounts exist = +0.5%
4.8.2 eToro API Trading 0.50% Yes = 0.5 % / No = 0 % 0.50% API Trading is available using 3d partners

 

InstaForex

 

eToro Special Metrics

These are the special metrics for eToro according to the three categories of trading experience. The rating results are based on different weight of the same formula. 

eTORO SPECIAL METRICS    
(based on sub-formulas)   RATING (100%)
eToro Overall Rating    59.71%
Forex beginners   60.44%
Advanced Traders   55.35%
Pro Traders   49.50%


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