eToro: Review of the mobile app
Online since 2007, eToro is a well known name to traders worldwide. This operator offers many cool features to its customers and trading on the move is one of them. Even though there are a total of three mobile apps by the provider, the focus today is set on eToro Mobile Trader.
How to download the app
Regardless of your mobile device’s display size, you can be sure that eToro trading app will fit the screen perfectly. eToro Mobile Trader runs smoothly and it’s a perfect example of a cutting edge technology packed in an easy-to-get mobile app. The installation process of this mobile trading platform takes no more than 5 minutes and requires only a small effort by the user.
- Either type eToro Mobile Trader in Google Play/App Store search bar and select the app or visit the page dedicated to mobile platforms at eToro’s desktop version
- Hit download/install button
- Wait for installation process to be automatically started and completed
- Start the app and trade
Trading Offer
eToro Mobile Trader has a strong 4.2 rating and there are several reasons for that. The trading offer includes low spreads, fast execution and comprehensive charts. Users can try FOREX trading as well as trade commodities and indices, enjoy live market rates and access their existing eToro account. This free-to-download app comes with the possibility for customers to open real money or practice accounts, to connect to 4.5 million eToro members and copy other people’s trading strategies. The adjustable leverages offered by the operator vary from 1:2 to 1:400 and if you have any issues understanding how everything works you can simply contact the customer support service. The single chart provided alongside each asset shows the current trading price, price movement in a selected period of time and allows traders to activate crosshair mode or check out indicators. Traders have to bear in mind that not all assets are available at all times and therefore if something they’re looking for doesn’t appear on the screen it may mean that the market is closed.
Mobile Bonus
Since 2017 due to regulation changes eToro cant offer a bonus to new customers anymore.
Screenshots of the app
Sleek design and eye-pleasing colours are some of the things you’ll first notice when you start eToro mobile trading app. Aside from checking out the markets and opening positions, the app gives you a chance to see make a watchlist, open trades, open orders and see your trading history. Additionally, you gain access to the blog where you’ll find latest market news.
Functionality
In terms of functionality, eToro Mobile Trader could be a bit better. The sole fact that there are two other apps that provide other aspects of the desktop version make the Mobile Trader only partially satisfying to those used to having everything in one app. However, most of the functions including browsing history, analysing markets and trading are available. Additionally, you can contact support or access the cashier, thus most things and actions are covered with the app.
Can I trade on my device?
Since the eToro Mobile Trader, alongside the other two apps, is available only on Google Play and App Store, it’s easy to conclude that Windows and Blackberry users can’t trade on their devices. However, Android and iOS device owners won’t have any problems installing the appropriate app as long as the version of their operating system is supported. At Google Play Store it’s pointed out that the app can be installed only on 2.3 and up Androids. Those owning iPhone, iPad or iPod Touch running on iOS 7.0 or later will be able to use eToro Mobile Trader as well.
Facts about the Operator
eToro is a popular trading platform owned by eToro Group Limited, a company based in Limassol, Cyprus. This trading site has been successfully working since 2007 and it has years of experience in providing a high quality service to customers all around the world. eToro is licensed by reputable authorities including CySEC and FCA, plus it holds the VeriSign. In addition to offering a perfectly safe and regulated trading environment, this operator keeps customers informed thanks to the market news and learning materials. eToro features several different platforms and it’s best known for its eToro WebTrader and the eToro OpenBook. The operator is available in numerous languages including English, French, German and Russian. It boasts with being the first global market place where users can trade commodities, currencies, indices and CFD stocks online.
FAQ
What deposit methods are available at eToro?
Users at the site can use a good deal of payment options including credit cards, Neteller, Skrill, PayPal, Yandex, WebMoney and China Union Pay.
How do practice accounts function?
Practice accounts are the same as real money accounts. These accounts have access to all features on the app and can trade in real time. The only difference is that they’re using virtual credits and thus can’t generate profit or losses.
Can I use scalping technique at eToro?
The section 7.3 in the eToro’s terms and conditions policy states that scalping is a trading technique that is not allowed at the site. This means that if you use it and get caught you may be fined and/or blocked.
Do I have to verify my account?
Yes, all traders are asked to verify their account to ensure that they’re over the age of 18. In order to do so you need to provide a government issued ID back and front copies and to verify your phone number.
Risikohinweis: CFDs sind komplexe Instrumente und bergen ein hohes Risiko, durch Leverage schnell Geld zu verlieren. 66% der Konten von Privatanlegern verlieren Geld, wenn sie CFDs von diesem Anbieter handeln. Sie sollten überlegen, ob Sie verstehen, wie CFDs funktionieren, und ob Sie es sich leisten können, das hohe Risiko einzugehen, Ihr Geld zu verlieren.