Thursday, November 7, 2013

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 :)

2 comments:

  1. Quantum Binary Signals

    Professional trading signals delivered to your cell phone daily.

    Follow our signals NOW and earn up to 270% daily.

    ReplyDelete
  2. Imagine if you had a robot with 6 years live proof?

    I just got done with a webinar with Mark and his partner, Antony, two days ago and it was AMAZING.

    During the webinar Mark and Antony shared their secrets to success and answered questions about their new release of the GPS Forex Robot that came out TODAY!

    ReplyDelete