Is eToro legit or a scam?

The most frequently asked questions about a Forex platform is: is it a scam or not?

Well the answer is NO, I believe most platforms are not scam(which mean they don't simply get you deposit and run away) But yes, most platforms don't operate like as those scam-shouters expected.

Similar to eToro, the first thing I searched about it was whether it's legit or not. But trust me, you won't find the answer until you actually TRY it out.

Nevertheless in case you still want some proofs, below are some screenshots that may help:

Email of Withdrawal:

There are a lot of technical errors(maybe once or twice a month) on the eToro copytrader, luckily they do compensate you(sometimes if not always maybe? Cause I don't even know the trades were errored as I don't watch every trades which I copy, there are HUNDREDS of them...) But yea better than nothing

And a brief history of my fund recently:

Below are my advice on verifying a platform is legit or not:

1. Google

2. Don't Turst everything on Google, not because people review it are going to scam you, it's because there are AFFILIATE programme for most forex platforms. People tend to over praise the platforms to get more conversion.

3. TRY it YOURSELF. Just deposit $50 to do some trades and then withdraw them. If you can't afford to lose $50? Don't even try forex :p

4. Deposits are always INSTANT. But Withdrawal may take DAYS. Cause guess what, people want to scam the platform more than the platform wants to scam people! So provide your real information when you register an account to avoid extended verification process when you withdraw..  

And for eToro, I would say that it won't scam your money away... But is it a great platform? I would say no as it tends to react slow on price change, you may miss some opportunities when big news come out like non-farm payroll.. Use meta4 trader if you are professional..

Well you wouldn't be professional if you are googling this :p eToro is great for amateur like me, simply no-brainer huh :)

caraj51

caraj51 - The most copied trader on eToro. As shown on the image above there are more than 11500 copiers! (I am one of them :p) If he is a broker he must be able to earn millions per month with this number of clients.

Why there are so many people willing to copy him? Of course - Profit. But more importantly - Stable Profit.

Unlike Dellos(100% HIGH RISK TRADES, MAN), caraj51 is a medium - low risk trader, yet he is able to make +50% in every 6 months, any reason not to copy him?

But recently people started to doubt his trades - that he started to get bullish to USD since September. You should know that tapering did NOT happen at September, which made USD VERY bearish, so all his trades like sell EUR and buy USD went red seriously. The worst moment was like 2 weeks ago, nearly -60% as far as I noticed.

Fortunately(maybe under he plan.. :p), after FOMC on 29th Oct and weak data on Euro, USD finally is getting stronger, his trades should be able to turn green soon.

Below is a bit real stat of me copying him for 3 months.

Earned profit - Current Profit - Total Profit

Well $48.6 is not much judging from the amount of money I put on him, but after this USD crisis, the Total Profit should look more beautiful.

By the way what most people are curious about should be is caraj51 a real human trader or not? I am confident to say that NO! There is no person named caraj51, at least the picture is not the operator of this account. He gotta be stealing picture from someone from India who doesn't use a computer... :p My best guess is a team of people operate this account.

Anyway if you only care about profit, you can considering copying him(them)!

P.S.

Why a team? Look at his profile:

Money Management, Fundamental Analysis, Technical Analysis and Patience Trading. Good Luck

Now find certain other gurus on eToro, you may notice that they have the same profile description! PLUS some random Indian guys picture muahahahaha! Now copy all of them if you trust this caraj51 trades!