eToro Reviews

Glen Bridgland - Etoro the Quickest way to lose your money

|2011-02-16 21:24:30

This is a warning to all users who are looking to enter the forex market to
earn additional income. EToro use a buy to buy to sell billing system which
makes it virtually impossible to earn any money from the markets. All your doing
is lining the pockets of EToro. I will explain,

Most Forex Brokers use spreads,
this is simple to explain, you enter the market at buy 1.60 the broker enters at
buy 1.55 the difference is the spread.

However, EToro bill again when you exit
the market so if you have a spread of 5 and you exit at 1.65 a profit of 5 you
will be billed an additional 5 at the end of the trade. So, you earn nothing
EToro earns 10. The worse thing is when you lose, you buy at 1.60 EToro buys at
1.55 the trade goes in the wrong direct and you cut your loss at 1.40 EToro
close at 1.40 then they bill you a spread. So a $20 dollar loss for you becomes
a $25 dollar loss on a $100 invested. EToro earns 10. They never lose...

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Overall Rating:	8.5 out of 10
Company:	eToro
Established:	2006
Platform:	eToro Platform
Web-based:	no
Download:	yes
Demo:	yes
Min Deposit:	$50
Pips:	2
Max Leverage:	1:500
Bonus:	up to $1000
Payments:	Visa, Master Card, Paypal, Wire Transfer
Languages:	English, Spanish, Italian, Portuguese, Russian, Chinese, Arabic, German

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