Etoro Nigeria Forex broker Review

Etoro is an international Forex broker which offers professional Forex trading services for people all over the world. Etoro allows people to trade Forex, cryptocurrencies, stocks and commodities online. This Forex trading platform allows Etoro clients to get Forex trading tactics and strategies from other successful Forex traders without having to retain or have a good understanding or knowledge of the technical aspect of Forex trading.

EToro was established and founded in 2007. Currently, this Forex broker is located in Limassol, Cyprus. Etoro is a top social trading platform among other which is registered by regulatory boards. They are regulated by the ASIC, CySEC, CFTC, FCA and MiFID. As a global Forex broker, they have received several awards for their services in the Forex market.

Features of Etoro Forex Broker

  1. They provide a wide range of instruments for trade in the Forex market.
  2. They are regulated by several major industry centers and regulatory bodies such as the FCA (United Kingdom), CySEC (Cyprus).
  3. They are domiciled in Cyprus (Europe).
  4. They have a 24/5 customer care support.
  5. The minimum account deposit for an Etoro Forex trading account is $200.
  6. They have different payment methods for account withdrawal.
  7. Forex traders can trade digital coins such as Bitcoin, Ethereum and Ripple along with other 10 other cryptocurrencies on Etoro.
  8. They have a flexible leverage of up to 1:30
  9. They trade CFDs on over 47 currency pairs in the foreign exchange market.
  10. One difference between other online Forex trading websites and Etoro is that etoro is a social trading platform
  11. eToro allows new Forex traders and inexperienced Forex traders to learn from the experienced Forex traders by copying their trading activities.

Trading Platform

The etoro Forex broker has a web based trading platform known as eToro Webtrader, which enables web based Forex traders to gain access to eToro Forex trading tools and equipment.

There is the introduction on the eToro OpenBook Forex trading platform which supports social trading. Lastly, the eToro Mobile Trader allows clients to get instant access to trade on eToro on their phones and mobile devices.

Funds Safety

There is safety for the funds of Etoro clients and customers. They have a data encryption technology which is enabled with a Secure Socket Layer (SSL) which helps to ensure security and safety of clients funds.

Broker Fees

Currently, eToro does not charge payable commissions for clients. It earns its money from the spreads and commissions on clients trading accounts.

Customer Support

Their customer support is available 24/5 (from Monday to Friday). The etoro customer support team can be reached via telephone and email. They do not have a live chat function on their website.

The eToro Customer support supports different languages like English, French, German, Spanish, Italian.

Payment Methods

The minimum deposit on eToro trading account ranges from $200 to $1,000. Etoro supports different methods for clients to withdraw their earnings and profit. The payment methods include PayPal, Debit/Credit Card, Skrill Limited UK, Yandex, Neteller, China Union Pay, Wirecard and Webmoney UK.


Etoro is a good Forex broker for people to learn the dynamics and secrets of Forex trading. Etoro is great for newbies and inexperienced Forex traders to get a fast knowledge of how the Forex market works!