Demo Trading

eToro Review 2020 – Is This Broker Safe?

eToro is a brokerage firm founded in Israel in 2007. This trading platform specializes in offering CFD products, cryptocurrencies, stocks, and ETFs for a large customer base of around 11 million investors. eToro operates in more than 140 countries. Even though its headquarters are in Israel, the company also has legal entities registered in various…

eToro is a well-known fintech company and considered a safe broker, regulated by many top-tier authorities.

One of eToro’s main appeals is a feature known as ‘social trading’ which allows users to interact with each other in a social-media like fashion. The platform allows for this sort of engagement between peers by providing a messaging feature, a social feed, and other similar add-ons that we will explain in further detail later on in this review.

According to the company’s own stats, eToro has facilitated more than 300 million trades during its history and the company is expanding its operations progressively, now focusing on entering the Asian markets to provide brokerage services to China and possibly Hong Kong as well.

The following is a list of eToro’s subsidiaries registered in some of the countries where this broker operates:

United Kingdom: eToro (UK) Ltd. regulated by Financial Conduct Authority (FCA)
Australia: eToro AUS Capital Pty Ltd. regulated by Australian Securities and Investments Commission (ASIC)
Cyprus: eToro (Europe) Ltd. regulated by Cyprus Securities and Exchange Commission (CySEC)
United States: eToro USA LLC regulated by US FinCEN

Pros and Cons of eToro

PROS	CONS
Easy Account Opening	CFD and Forex Fees
User-Friendly Website and Mobile Trading App	Withdrawals can Take Longer Than Usual
Best Social Trading Platform
Great for Cryptocurrency Trading

Why should you read this review?

We researched and wrote this comprehensive review. It will help you save time in reviewing what eToro has to offer before you make a decision on which brokerage firm you go with.

You can ultimately use this, and other similar reviews, to compare certain key features and characteristics of the best trading platforms out there. You can then short-list them and give them a try through their demo accounts – if available – to finally choose the one you will use to conduct your trades.

There are many details to go through when picking the best brokerage. It may seem overwhelming as you have to figure out which one provides the most competitive fees, the best customer service, the most user-friendly trading interface, and, of course, you want to make sure your money is safe.

Trading Platform Overview

eToro is a multi-asset social trading platform. It offers a wide variety of financial products including stocks, forex pairs, commodities, exchange-traded funds, and cryptocurrencies, among others. Some are traded via CFDs while others are traded directly.

eToro was also one of the first brokers to offer a social trading feature and it could be said that they pioneered the whole trend. These days many rivals are offering similar alternatives, even though eToro continues to lead the way in this particular field.

Social trading is basically a combination of a social-media-like environment within a platform. Traders can connect and chat via eToro. Meaning that other traders can follow them and check out what they are trading and how their performance has been in the past.

They have introduced two innovative products in this field: CopyTrader™ and CopyPortfolios™, both of which I’ll explain in more detail later on.

Additionally, eToro platform has gained its reputation as a safe and attractive online broker for both experienced and amateur day traders. This is especially due to its low trading fees and user-friendly platform.

Web-Based Platform

eToro offers a web-based and a mobile proprietary platform for trading, no desktop platform is available.

This broker’s trading interface features 26 different languages and it looks very polished and modern, possibly appealing to a young audience in opposition to the more classical trading offered by other brokers.

One downside of eToro’s platforms is that the workspace is not customizable. Traders have to feel comfortable with the interface as is.

Mobile App

Both platforms – web and mobile – offer a two-step login, which increases their level of security for users. Additionally, their search functions are predictive and allow the trader to easily browse through eToro’s large number of available securities.

Both versions include price alerts and notifications, which are particularly useful, and they can be sent via push notifications.

Reports are available under the ‘Portfolio’ option and traders can easily find a summary of their trades, their market value, and the fees paid. Additionally, an account statement is also available periodically, summarizing the operations made during a certain period.

Trading Fees

Trading fees charged by eToro are on the low-end of the industry. The platform doesn’t charge any fees for trading US-listed stocks and ETFs, a great feature that sets it apart from a wide range of platforms out there.

For CFD trading, eToro’s fees are relatively low and they are built into the spread.

For example, for stock indexes, the S&P 500 CFD trading fee is commonly 0.75 while the Europe 50 CFD trading fee is 3.

Meanwhile, forex pairs are fairly expensive to trade by using the eToro platform, as the cost of trading EURUSD is 3 pips while many other platforms charge between 0.6 and 1 pip per trade.

As for other types of fees, eToro charges a $10 monthly inactivity fee if the user fails to log into the account for 12 months. For overnight rollover fees it depends based on current market conditions.

Order Types

There are four types of orders that can be placed on eToro:

Market: a market order is executed at the price quoted at the moment the order is placed.
Limit: this order sets a maximum or minimum price at which the financial asset should be bought or sold.
Stop-loss: this order is executed once the price of the security reaches a certain level.
Trailing stop-loss: an order that allows the trader to lock in gains as it executes the sale of the asset only if the price goes down (or up for a short-position) to a certain point, while it remains inactive while the price keeps moving in favor of the trade.

Markets & Products

eToro offers hundreds of different financial assets to trade. These include: currencies, indicies, ETFs and cryptocurrency trading. Each asset class can be traded with a different investment strategies.

eToro’s portfolio of available financial products is not the biggest but it is definitely diverse enough to be considered decent and satisfying for most traders.

One upside of eToro compared to CFD-only brokers is that you can also trade real stocks, ETFs, and cryptos, which means that you can actually hold these assets directly and not via CFDs.

On the other hand, eToro is one of the best brokers for cryptocurrency trading, offering a large portfolio of available cryptos for traders who want to focus on this particular market.

Meanwhile, eToro also offers CFDs for other financial assets including commodities and stock indexes along with certain asset management solutions that come with its social trading approach, such as eToro’s Copy Portfolios™ and Copy Traders™ solution.

The Copy Portfolio™ alternative allows traders to copy a pre-designed portfolio offered within the platform, either by eToro’s team or by other traders, to mimic their performance by taking the exact same holdings. The platform takes charge of the account and modifies the user’s portfolio based on the changes that the copied portfolio makes over time.

Meanwhile, the Copy Trader™ solution allows traders to browse through a list of traders within the platform to pick the best performing traders to copy their portfolios.

Both of these features are very attractive for passive traders and for inexperienced traders who are just starting out and could benefit from gaining insights about how others invest their money before they start making their own trades.

Research Tools

eToro offers technical analysis tools along with some recommendations by analysts, but lacks a bit on the fundemental data.

Each financial asset has its own market sentiment tracker, which indicates the percentage of traders inclined to buy or sell the security along with comments from analysts for certain popular assets.

Charting tools are alright, as the platform features more than 70 technical indicators and charts are automatically saved. However, the longest time horizon permitted by the charting tool is 6 months, which is definitely disappointing.

On the other hand, the news feed is limited to tweets and comments from traders within the platform but no major media outlet such as Reuters or Bloomberg is included.

Furthermore, the fundamental data provided for individual stocks consists of basic financial ratios but no historical record of balance sheets, income statements, price targets, or earnings estimates are included.

To some extent, it can be said that eToro’s main strength is its social trading feature which allows the eToro community to share trading ideas between them while no relevant third-party analyses are offered within the platform’s interface.

Educational Tools

Education is definitely not the strongest suit of eToro as the educational material offered by this broker is limited to platform tutorials and frequently asked questions that intend to address certain matters regarding the platform’s functionalities, the financial assets available, trading fees, and other similar topics.

However, the demo account helps beginners in their process of learning without having to commit any money to their operations at first.

Customer Service

The customer service provided by eToro is decent, even though it lacks in a few areas.

There’s a live chat feature but it is a bit hidden within the FAQ section and traders have reported that representatives are busy and no attention is available during the weekends.

Meanwhile, there’s no e-mail or phone support, as this broker relies on support tickets sent through the trading interface. The responses to these tickets are sent to the e-mail inbox of each user and the response time is typically fast – 24 hours or less.

Overall, eToro’s customer service is not the best out there but it should be sufficient to deal with basic issues.

Withdrawals

Withdrawing money from eToro is easy. It has a cost as eToro charges a $5 withdrawal fee. It requires a minimum amount of $30 per withdrawal.

Money can be withdrawn to a debit or credit card, electronic wallet, or bank account. The user must be aware that withdrawing money to a method that has a base currency different than the US dollar will result in an extra conversion fee.

For cyptocurrencies, the eToro wallet is available (eToroX), which is a multi-currency crypto wallet.

Credit, debit card, and electronic wallet withdrawals are sent instantly while bank transfers typically take 2 business days to be received.

How to Open an Account with eToro?

The process of opening an account with eToro is simple and fast and it can be done 100% online. It will take only a few minutes to go through the registration. You can even take a look at the web platform even if you have not yet registered.

eToro’s trading services are available for most countries. There’s a sizable list of countries that are banned from opening an account with eToro including Albania, Canada, Cuba, Iran, Iraq, Jamaica, Japan, Nicaragua, Pakistan, Syria, and Serbia. Also, US citizens outside the US territory cannot open an account with eToro either.

Furthermore, there are two types of accounts available for eToro traders which are the retail account and the professional account.

Demo Account

Additionally, there’s a demo account available in case you want to test eToro’s platform before depositing your money. This account comes with an available balance of $100,000.

Verification Process

Before you deposit money into the account you will have to go through an ID verification process that will require proof of identity and proof of residency.

The process typically takes less than a day to be completed if all the required documents are sent promptly.

You’ll also have to take a quick survey intended to assess your trading knowledge and experience.

Funding your eToro Account

Depositing money into an eToro account is very easy and there are no deposit fees.

Deposit Methods

Money can be deposited by using a credit or debit card or an electronic wallet such as PayPal or Skrill and it will be credited instantly. Bank transfers also permitted but they take up to 7 days to be cleared.

Minumum Deposit

The minimum deposit to open a retail account is $200 for most countries. Except for the following:

Minimum deposit for clients in Israel is $10,000.
Minimum deposit for clients in the US and Australia is $50.
Minimum deposit for clients in Russia, China, Hong Kong, Taiwan, and Macau is $500.
For bank transfers, the minimum deposit is $500.

Meanwhile, the professional account requires the same minimum deposit but allows the user to take on more leverage for transactions, as long as the trader meets certain criteria that qualifies him as a professional client.

In some cases, eToro may require that the first deposit is made via a credit or debit card, but subsequent ones can always be made by using any of the other methods accepted by the platform.

One downside of this broker though is that eToro offers one single currency base for its accounts, the US dollar, in contrast to many other online brokers that offer five or more different currencies for their accounts.

As a result, traders must pay a conversion fee if they deposit funds on their eToro account by using a payment method that features a currency different than the US dollar.

Conversion costs start at 50 pips, which is approximately 0.46% of the amount deposited into the account.

Finally, you can only deposit money from accounts in your name.

Is eToro Safe?

eToro is considered safe and regulated by the top financial authorities. eToro and its subsidiaries are overseen by tier-1 financial regulators. These include the Financial Conduct Authority of the United Kingdom, the Cyprus Securities and Exchange Commission (CySEC), the US FinCEN, and the Australian Securities and Investments Commission (ASIC).

Additionally, UK investors are protected by the Financial Services Compensation Scheme (FSCS), while European investors are protected by the Investor Compensation Fund designed for Customers of Cypriots Investment Firms.

eToro is not a publicly-traded company.

What’s best about this trading platform?

There are many good things to say about eToro and, in my view, those positive elements put this broker at the top of the list of the best brokers you can consider if you starting out as a trader.

First of all, eToro offers zero-fee stock and ETF trading for US-listed securities. That alone is a great advantage and puts the platform on top of many of its rivals.

On the other hand, eToro’s fees for CFDs are below the market average, even though its forex broker fees are higher compared to other brokers.

Additionally, eToro’s social platform has an incredible design and it is a captivating alternative for those who are starting out their journey, as traders can connect with more experienced peers or seek potential trading ideas to start off by using the social feed.

However, you should be aware that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with t. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Summary and Conclusion

eToro is an online broker founded in Israel in 2007 and is a safe, zero-commission stock broker. The platform offers a wide variety of CFDs and forex pairs along with the possibility of trading US-listed ETFs and stocks for free. This online broker operates in more than 140 countries and has over 11 million clients based on recent reports. One of biggest benefits of eToro is the social trading/copy trading feature. Account opening can be done online and the registration is straight-forward. Before depositing money into the account an ID verification process must be conducted.

There are about 30 countries that are currently banned to open an account. The minimum deposit to open an account with eToro is $200, even though the amount varies for residents of Israel, Russia, China, Hong Kong, Taiwan, Macau, Australia, and the United States. For bank transfers, the minimum deposit is $500. There are no deposit fees.

Users can sign up for a demo account before depositing money into eToro and they are entitled to a balance of $100,000.

eToro is a multi-asset platform that offers a decent selection of US-listed stocks, ETFs, forex pairs, cryptocurrency trading as well as CFD. The trading platform comes in 26 different languages. Charting tools include more than 70 technical indicators.

To summarize, we can recommend eToro as the best social trading platform and their zero-commission stock trading.

Our Score: 4.8/5

Best Social Trading Platform
Zero-Commission stock Trading
Regulated by top-tier Authorities
Easy to Use
Great Variety of Investments

Broker Reviews

Buycryptomarkets Review – top 75 Broker?

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Buycryptomarkets Review

buycryptomarkets is a global forex and CFD broker with trading platforms that is suitable and fully functional for all devices.

This is a good option for all levels of traders, although the product portfolio is average, and there is an inactivity fee to be aware of.

Initially formulated in 2023 to provide a robust forex trading platform, buycryptomarkets offers to include CFDs, indices, shares, commodities, and cryptocurrencies.

buycryptomarkets has several trading tools and features designed to make your trading experience as smooth as possible. The trading platform has been heralded as a simple and convenient platform without losing the functionality you would find at MetaTrader 4. Some education is also available through the trading platform, and highly responsive customer service is available 24 hours a day.

Please read my full buycryptomarkets review for further details of this forex broker so you can decide whether buycryptomarkets can meet your needs.

Who is buycryptomarkets?

buycryptomarkets is a global forex, spread betting, and CFD online broker. buycryptomarkets is an online Crypto and Forex Broker providing traders across the globe with cutting-edge technology to trade the world’s markets. In a continuous effort to give their traders a more comfortable and safe trading experience, their experts have been improving their service and solutions ensuring traders have the freedom to trade whenever and wherever they like.

buycryptomarkets product range overview

The product range at buycryptomarkets is average compared to other brokers. They offer a solid selection of currency pairs and CFDs, no futures CFDs, and an average number of commodity and stock index CFDs. additionally, they do offer leverage trading on the main cryptocurrencies.

Forex trading

More than 50 Forex pairs are available at buycryptomarkets with no commission and some of the tightest spreads in the industry.

Indices and Financial Trading

Indices and financial CFDs have flexible margin requirements and low spreads, representing some of the industry’s best spreads. There are no overnight or hidden fees of any description to worry about.

Commodities Trading

At buycryptomarkets, there are several commodity CFDs, including metals and energies.

Share CFDs Trading

Trade more than 100 company shares without ever owning the underlying security. At buycryptomarkets, you can access global stock exchanges with the option to go long and short and benefit from leverage. For non-leverage trading, there is zero commission.

Buycryptomarkets Accounts

There are a few trading account options at buycryptomarkets. there is not a lot of info concerning this till you are actually in the registration process.

the only thing you should know is that the minimum deposit for opening an account is only $250.

Variety of Trading Accounts

No matter your trading exposure, you deserve an opportunity to trade in CFDs. With access to multiple trading account types, you can choose the right account for yourself and start performing trades in multiple CFDs.

The more experience you gain in the online trading market, the higher trading account you can adopt to trade in more challenging environments. If you are a beginner, start by making a minimum deposit of $250 to trade with a basic account.

Buycryptomarkets web trading platform

The web platform allows you to place trades directly from your web browser in an easy-to-use interface that is customisable and available in several languages. The web trading platform falls short because of its lack of social trading; however, it is well-designed with several useful features.

There is a two-step login for additional security, and you can search for an asset using its name or by category. Order types include:

I was impressed with both the portfolio and fee reports which were comprehensive and easy to use, with clear information on commission, swap fees, and performance.

There are also the following useful features available on the trading platform:

Trailing stop

Trailing the position of a current price can then trigger a stop order as the price reaches a predetermined distance from a stop order. It works similarly to a stop order but in a more controlled way that aligns with movements in the market.

Market Sentiment

This allows you to closely monitor movements in the market using data from other traders concerning a specific instrument.

Hedging

This allows you to mitigate risks by investing in the same product in a different direction.

Charts

Real-time charts provide up-to-the-moment information, including historical trends, forecasts, and current trends.

Buycryptomarkets mobile trading platform

The mobile trading platform is in keeping with the web trading platform, with much of the same functionality.

The actual design is well laid out and easy to use with customizability. I found the mobile app fast with personalised watch lists and the ability to open positions directly from real-time charts.

There are price alerts that include statistical alerts, which can be monthly or yearly for currency pairs, indices, etc. Clicking on the alert will automatically open the app on the instrument.

buycryptomarkets customer service review

Customer service is excellent at buycryptomarkets, with immediate response times across multiple channels.

There are several channels for contacting customer support, including phone and email. When I tested their service, my query was dealt with immediately without even the intervention of a chatbot. The service provided via email and phone was similar, with fast, relevant responses to my queries. Customer service is provided 24/5, which is above average.

buycryptomarkets is opening an account.

The account opening process is straightforward, fully digital and quick. You will need your ID.

To open your account, you should first decide on the account type you wish to open

Then you can follow these quick and easy steps:

Select your country of residence
Add personal information, including name and email address
Choose a password
Enter your home address and tax residency
Complete some simple questions relating to your trading experience
Fill in information about your personal finances, such as income savings and employment status
Select your base currency
Upload your ID documentation and proof of address, such as a utility bill or bank statement.

buycryptomarkets Deposit and Withdrawal

Deposits and withdrawals and essentially free, and the minimum deposit is high compared to what you would find at other brokers.

Before making your first deposit, you will need to choose between the following base currencies:

EUR, USD, GBP

Deposit options include:

Bank transfer
Credit and debit card
Cryptocurrency

The minimum deposit is $5000, which is higher than other brokers. There are no fees should you choose to deposit via bank transfer from your bank account.

Bank transfers take several business days.

Withdrawals can be made using the same methods accepted for deposits, and there are no withdrawal fees for electronic wallets and credit/debit cards.

buycryptomarkets safety

buycryptomarkets is not regulated by the Financial Conduct Authority (FCA) but is performing full due diligence to comply with AML regulations.

In addition, all client funds are held in segregated bank accounts to protect those funds should buycryptomarkets go bust.

The buycryptomarkets negative balance protection protects client funds should their balance go negative.

buycryptomarkets fees

buycryptomarkets has low CFD and forex fees and average non-trading fees.

Fees can be separated into two main categories for a CFD and forex broker: trading and non-trading fees.

Trading fees

The trading fees will vary depending on the financial instruments you are trading within each asset class. Trading fees can be charged as a spread, a commission, or a financing rate.

Spreads differ between the bid and ask price for a foreign currency price. Here’s how buycryptomarkets spreads compare against some other forex brokers:

Non-trading fees

buycryptomarkets has low non-trading fees as they do not charge deposit and withdrawal fees, and there is no account fee.

Inactivity fees are charged. There are inactivity fees to be aware of. However, these will only kick in once your account has been inactive for several months and you have a positive balance.

Who is buycryptomarkets suitable for?

buycryptomarkets is suitable for all levels of traders looking for a solid trading platform and very competitive spreads.

The selection of account types is aimed at both retail and professional investors.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. Concerning margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that these products’ methods, techniques, or indicators will be profitable or will not result in losses.

Broker Reviews

Exallt Review – Demo Account – top 75 Broker ?

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Introduction to Exallt Review

Let us start from the beginning. People should remember that Exallt offers many investment tools in the capital markets. Creating a portfolio with cryptocurrencies, stocks, commodities, ETFs, and more is possible.

It is a new brokerage that has just opened its door. That said, Exallt Live can offer exemplary services and products.

To get more details, proceed with Exallt review. The next sections will provide a detailed professional analysis of the broker and its offerings.

Broker Name:	Exallt
Broker Type:	CFD broker
Operating since year:	2023
Regulation:	Only KYC/AML
Broker status:	Independent Broker
Customer Service
Phone:	+44 2086382873
Email:	[email protected]
Languages:	English, Spanish
Availability:	phone, email, Social Media
Trading
Trading platforms:	Desktop, Mobile and Webtrader
The Trading platform Time zone:
Demo account:	Yes
Mobile trading:	yes
Web-based trading:	yes
Bonuses:	yes
Other trading instruments:	Forex, CFD, crypto, commodities, indices, stocks
Account
Minimum deposit ($):	$5000
Maximal leverage:	1:400

Exallt Trading Products and Interesting Details

Commodities

Explore top commodities, trade what you want, when you want.

Explore trending commodities such as gold, silver, oil, and others, use innovative tools and make informed trading decisions at Exallt. Benefit from advanced charting and analysis as well as ultra-fast transaction processing. Exallt delivers a trading environment that helps investors to grow.

Interestingly, it is possible to trade different types of commodities. For example, oil and natural gas. Moreover, precious metals such as gold and silver.

Forex

Forex trading is made simple by Exallt.

Forex is the most traded market in the world. It is a decentralised global market for the trading of currencies. The most popular FX pairs involve major international currencies and experience the highest trading volumes and liquidity. This market determines foreign exchange rates for every currency.

Indices

Expand your trading opportunities. Trade the most popular indices at Exallt!

Indices are another in-demand trading asset. An index measures the performance of a group of stocks, bonds, or other assets. By trading indices, you can gain exposure to a wide range of assets without buying them individually. Most index trading is done with financial derivatives like CFDs. This makes it an ideal way to diversify your portfolio and manage risk.

Stocks

Trade stocks at Exallt.

Exallt is about making stock trading easier. Get real-time access to stocks from top exchanges of the world. Diversify your portfolio with a large variety of leading global stocks. Stock trading ensures two ways of earnings: through capital appreciation or dividend payments. This market features the potential for the highest returns.

Cryptocurrencies

Exalt – the easiest and the most secure way to trade cryptocurrencies.

If you can time the market right, trading cryptocurrencies gives you much higher returns than traditional investments. It minimizes risk as you speculate on the rise and fall of the market without owning the asset. Being decentralised, cryptocurrencies allow for more freedom in trading, as there are no restrictions on how much can be traded or how often.

range of markets

Exallt and its Trading Platform

It is hard not to mention its platform. Hopefully, it is quite easy to use the platform.

As a reminder, trading is simple. The first step is to select an asset. All users have to do is click on the “asset” tab on the platform. They need to choose a preferred asset from the extensive tradable asset selection offered by the firm.

The next step is deciding on the amount a trader wants to invest in any trade. Unsurprisingly, the higher the investment, the higher the potential rewards.

Moreover, deciding whether to go short or long on their preferred asset is important. Advanced charts, graphical trading tools, technical indicators, and live analysis help to make an informed decision on probable future price movements.

It is important to remember about risk factors. When a trade position opens, customers should protect their positions from market risks. Customers should use Stop Loss and Take Profit orders. Thanks to Stop Loss orders, it is possible to reduce potential losses. Moreover, Take Profit orders allows users to lock in their profits.

Users should remember that Stop Loss and Take Profit orders will automatically close their positions when triggered.

Exallt trading platform for all devices

Exallt and Education

Hopefully, Exallt Live offers interesting information. It is desirable to read every chapter of the guide. Moreover, people will find this guide brimming with information for their financial education. Furthermore, Exallt ’s goal is to educate investors and bring transparent investing to anyone who wants it, not just the elite.

Security Of Funds

RISK MANAGEMENT

Exallt continually detects, assesses, monitors, and controls each risk associated with platform users’ trading transactions, operations, and actions. This means that they continuously evaluate the effectiveness and compliance of the policies, approaches, and procedures. Such a system approach allows Exallt to cover its financial needs and capital requirements quickly.

SEGREGATED ACCOUNTS

Exallt is incredibly proud of ensuring the ultimate protection of clients’ funds. They apply a model that keeps our clients’ funds separate from the company funds. In the unlikely event that Exallt would ever enter liquidation, the clients’ funds are wholly segregated off the balance sheet and cannot be used to cover the company’s debts and pay back creditors.

REACHING THE TOP EU BANKING INSTITUTIONS

Exallt attentively chooses the financial services to partner with. Exalt needs additional facilities to support and conduct transactions. They partnered with payment service providers to work with numerous banks worldwide, including central tier-one banks such as Barclays, HSBC & Deutsche Bank. Rest assured, the security of Clients’ funds, alongside Execution and Customer support, forms the essential focus of Exallt’s activity.

Exallt Review: Conclusion

As can be seen from the review of Exallt , it makes sense to cooperate with this firm. . Moreover, its website provides many interesting details, and it is desirable to have a look through their website to see how well Exallt suits you.

We strongly hope that this Exallt review will give you accurate information about the broker enabling you to make the right decision of choosing this broker.

Broker Reviews

Trading 212 review

Trading 212 Trading 212 deals View Similar Amazon US Trading 212 is a London-based brokerage platform that aims to democratize trading by making it accessible to the masses. Founded in 2006, Trading 212 allows users to trade in a variety of assets including Forex and currencies, gold, commodities, crypto, and stocks, etc.

Trading 212 is a London-based brokerage platform that aims to democratize trading by making it accessible to the masses. Founded in 2006, Trading 212 allows users to trade in a variety of assets including Forex and currencies, gold, commodities, crypto, and stocks, etc.

Trading 212 got the license to operate in the UK in 2013 and is approved by the FCA (Financial Conduct Authority of England and Wales). It has a freemium model offering the basic services without any charge hoping that the users opt for other paid services or transact on the CFD area of the platform.

As a user, you can use their web-based trading suite or download the application on your computer. There is even a mobile app available for both iOS and Android phones, in case you want to transact on the go.

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What to expect

Trading 212 offers an easy DIY platform and allows over 1,800 instruments to trade, offering enough options to traders to decide where and how they want to invest their money. These instruments include major cryptocurrencies like Bitcoin, Ripple, LiteCoin, Ethereum, Monero, EOS, Dash, Neo and more. Traditional assets like stocks, commodities and indices can also be traded on the platform. The diverse list of assets and choices available to trade on the platform should be attractive to many users.

Trading 212 2 — (Image credit: Trading 212)

For first-timers, Trading 212 offers a demo account which lets you try out the platform and perform test transactions without registration. This demo account gives you a real-time experience of how the platform works on your computer and mobile applications. In case you decide to sign up, you do need to provide some official documents to verify your identity and address. These documents include:

ID Proof: a scanned color copy of passport, driving license or national ID
Address Proof: a utility bill or bank statement from the past three months carrying your address

These are simply standard requirements as part of anti-money laundering legislation.

Trading 212 3 — (Image credit: Trading 212)

There is a set of questions which you need to answer for the company to understand your experience level as a trader. Trading 212 might reject your application on sign up, if the firm feels that it might be too risky for you to transact on such a platform. The entire signup process may take a good 10-15 minutes, so keep that much time handy.

Trading 212 offers you three different types of account: Trading 212 Invest, Trading 212 CFD and Trading 212 ISA.

Trading 212 Invest is best suited for traders who like to invest and trade in equities. However, the platform does not allow short-selling of equities, so in case you’re only interested in this type of trading then Trading 212 is not the right platform for you. Trading 212 ISA is only for UK-based traders who want to benefit from tax-free trading up to a certain amount, while Trading 212 CFD is open for all international traders.

In terms of deposit and withdrawal options, Trading 212 offers multiple choices like bank transfers, credit and debit card payments, Skrill, PayPal, Dotpay, Giropay, and Direct eBanking. Note that it only accepts payments in currencies like GBP, EUR and USD.

Trading 212 4 — (Image credit: Trading 212)

The web platform is very easy to use and it offers an organized layout. On the extreme left, you have the instruments you follow by adding them to your watch-list. All your pending orders or previous purchases show right next to the watch-list. In case you want to modify your transaction after looking at the live trends, this can be done here as well.

The center part of the screen displays a detailed graph of any instrument that you want to follow. Useful tips and videos can be found on the bar on the right side. Various reports can be found grouped right under the login section.

Mobile app

The Trading 212 mobile application is also fairly easy to use and shows information in an easy to understand graphical format. Simple swipe gestures help you switch between different sections and instruments. You can set price alerts, access forum, reports, or training videos right from the menu. There is a demo account available for the mobile app too that allows you to transact in all the instruments.

Charges

Trading 212 is one of the few platforms that does not charge you for transactions and is transparent about the costs applicable with paid-for services. While withdrawing funds, there is a fee applicable on the wire transfers. Third-party transfer fees may also be levied, if applicable. The platform wants you to remain active and charges you for inactivity, if inactive for over 180 days consecutively.

Support

Customer support is one of the most important features of any trading platform. Support is available by calling in, email or even through the contact page on the site. The website also has a live chat option in case you want to chat with a representative.

Trading 212 offers support in a wide range of languages including English, German, Dutch, Spanish, French, Italian, Polish, Serbian, Norwegian, Swedish, Czech, Russian, Romanian, Turkish, Arabic, and Chinese.

Regulations and credibility

Trading 212 is a trusted broker registered in England and Wales, and is authorized by the Financial Conduct Authority (FCA). It is also registered in Bulgaria and is regulated by the local Financial Supervision Commission.

The company keeps the clients’ funds separate from the company funds and are protected under the Financial Services Compensation Scheme (FSCS) which offers a security of up to £85,000. In Bulgaria, 90% of deposits with a limit of €20,000 are secured by the Investors Compensation Fund or ICF Bulgaria.

Trading 212 allows users from across the globe to sign up, though regulations prohibit sign up from regions like American Samoa, Belgium, Democratic People’s Republic of Korea (DPRK), Guam, Northern Cyprus, Northern Mariana Islands, Puerto Rico, Turkey, United States of America, and United States Virgin Islands.

Final verdict

Trading 212 is a very user-friendly trading platform, especially for beginners. The fact that you can try out the platform both on mobile and web before taking the plunge is a big advantage. Limitations like no short-selling may be a turn off for traders. However, the fact that Trading 212 offers over 1,800 assets and is very transparent about charges makes it one of the easiest recommendations for us.