eToro app is the largest trading network in the world. The trades of successful traders can be copied with just a few clicks and transferred to your own portfolio. With the eToro apk, this now works well on the go. Members can download the application for iPhone and Android or use the web-based variant.
The latter works with any smartphone or tablet, regardless of the operating system used. With the mobile trader and the OpenBook, eToro offers two apps for successful social trading. The benefits of the network are shown in the large eToro field report.
The Most Important Facts About the eToro App/eToro APK:
- Download and install for iOS and Android.
- Mobile Trader can also be used with other operating systems.
- Followers can edit their depot while on the move.
- eToro OpenBook and CopyTrader also available.
- Demo account with $ 10,000 worth of test credit.
A Look at the Range of eToro App/ eToro Apk
Before we get closer to the eToro apk, you should first understand what eToro is. Founded in 2007, the platform was one of the first providers of so-called social trading. Members of the trading network can benefit from the experience of other traders.
Traders with little experience have the ability to follow the trading strategy of experienced traders and copy trades into their own custody account. Those who make their trades available will be rewarded by eToro apk for their success.
With the OpenBook, the Cypriot Online Broker offers the opportunity to contact other traders and share their experience in Forex and CFD trading. CopyTrader allows you to quickly track and copy successful trading strategies. The broker offers extensive filtering options to create a realistic ranking of the best traders.
Trading is via the eToro Webtrader, which enables user-friendly trading with live and demo accounts. The demo account can be used for an unlimited period of time and is completely free. EToro’s trading academy includes webinars that make it easier to get started in social trading.
Use All Trading Instruments Also Mobile
Users of the eToro app do not have to accept restrictions on the available trading instruments compared to the desktop version. Users can follow the preferred markets of an individual or multiple investors as desired. It is possible to follow trading decisions of successful traders as well as to copy them and replicate them in your own account.
As far as tradable values are concerned, the eToro App has no restrictions, as it does in the classic version. All shares, binary options, indices, commodities and foreign exchange can be traded .
The eToro mobile Trader can be downloaded for free via the respective App Stores. So no trader has to miss a good investment. The offer includes current price and price charts, which makes the design of the own CopyTrading portfolio time-flexible on the basis of current market developments.
System Requirements for the eToro Apps/eToro Apk
For the eToro app/eToro apk to work properly for the mobile trader, the devices must meet certain system requirements. The application for Apple was developed specifically for the iPhone 5 and requires at least the iOS 8.0 version.
Meanwhile, the app is also available for the follow-up variants. The software is compatible with iPhone, iPad and iPod Touch. The last update was recorded on 13.07.2017 and fixed some problems with the performance.
Users of a smartphone or tablet with the Android operating system must have version 2.3 or higher installed. The software was last updated on 10.07.2017.
Depending on the version, the Etoro apps require between eight and ten megabytes of storage space, which is no problem for modern devices.
eToro Mobile Trader and the Openbook as Mobile Trading Apps
Unfortunately, eToro offers its CopyTrader, which allows customers to create their own profitable portfolio by coping strategies. However, users of the regular eToro App have the option to access the CopyTrader.
Thus, the own portfolio can be easily edited while on the move. As an additional service, the Cypriot broker still offers its customers the OpenBook as a trading aid. This is also known as “Facebook for Traders”.
Through the OpenBook, both followers and so-called gurus can see the trades of other traders. Via a separate feature, you can comment, like or share them.
In this way, a direct contact with other traders can be established. Traders can talk to each other, give tips and improve their trading step by step.
Start With a Free Demo Account
For most traders, social trading via eToro is still new territory. Therefore, it makes sense to practice this trading opportunity with a demo account.
The online broker eToro offers his demo account for free and without time limit. In addition, it is practical that the test account will be available later in parallel with the live account. With the virtual starting balance of $ 10,000, the individual functions can be tested in detail.
After my eToro experience, it is possible to increase the credit over the customer service again.
The opening of a demo account is done in a few moments at eToro. Registration works on the website as well as with the eToro app. Just set username and password and you’re ready to go. Alternatively, the registration also works via an existing Facebook or Google Plus account.
Like the real money account, traders can use the copy.me offer in demo mode to trade strategically in one-click format. The demo account includes all features of the eToro Apps mobile Trader and OpenBook.
Make Deposits Through the eToro App
To open a real money account, eToro has a minimum deposit of $ 1,000. Deposits can also be made on the go via the eToro App. For this, the broker provides various payment options. By credit card, PayPal and Skrill can be up to $ 5,000 transferred to the trading account.
Deposits of up to 10,000 can be made via Neteller and 1Pay and up to $ 50,000 via WebMoney. There are no restrictions on bank transfers. German traders can do this via Giropay in real time.
Payouts can also be requested directly through the eToro App. Unfortunately, these are not free. For $ 5 to $ 200, there is a $ 5 charge. Payouts between $ 201 and $ 500 cost $ 10, and from $ 501, a flat fee of $ 25 will be charged.
The amount of the first deposit of at least $ 1,000 will provide a direct entry into online trading. Added to this is the very good customer service provided by eToro, which acts and reacts competently and swiftly.
Which Underlying Assets Can Be Traded via the eToro App?
In addition to currencies, tradable underlying include CFDs on equities, indices or commodities. For CFDs, the underlying asset is not purchased but merely speculated on price changes.
This has the advantage, among other things, that traders can earn on both rising and falling prices. It does not matter if traders trade on their own or copy the trades of other members.
What Are the Conditions at eToro?
The trading conditions are published by eToro very transparently on the website. The spreads are variable and start at 3 pips, for example for the USD / JPY currency pair. For the trading of EUR / USD at least 3 pips. Since the spreads can change, the calculation always takes place when a position is closed.
The overnight detention fee when buying is -0.32. As with other online brokers, there is also a lever at eToro. For currencies, the maximum lever is 400: 1. Commodities and equity indices can be leveraged up to 50: 1.
For accounts that are not used, eToro will charge an inactivity fee. If you do not sign up for the last 12 months for the deposit accounts and 4 months for other accounts you will be charged $ 5 per month.
However, the inactivity fee will only be charged if there is a credit balance on the account. To cover the fee, no positions are closed.
Good Customer Service at eToro
Customer support at eToro is staffed around the clock on trading days. However, limited contact times apply to the German-speaking service. The telephone support is available from Monday to Friday from 10:00 to 15:00 clock via a telephone number with German area code. Outside these hours,
English-speaking support can be contacted in London. In addition, inquiries are also possible by e-mail at any time. After my e-Toro experiences, the answer is usually within one working day.
The eToro service also includes a well-equipped trading academy. Customers can sign up for webinars for free, join eCourses, or find out about trading videos.
Conclusion for the eToro app
The eToro App is characterized by high functionality and easy operation. The application is available for iPhones and iPads as well as for Android devices. The first deposit of at least $ 1,000 is possible without problems via the eToro App.
For example, customers are not limited to traditional trading platforms for social trading but can participate from virtually anywhere. The applications can all be downloaded for free in the respective app stores. Therefore, this possibility should not be left unused.