eToro Malaysia Traders - Islamic Swap-Free Account and Social Trading
Etoro is a market maker broker which incorporates no-dealing practices. eToro is perhaps best known for the social trading element that encourages traders to follow successful CFD and fund traders. eToro has developed a smooth trading platform to supports this social experience. While eToro does not offer the same low spreads as many other brokers, the benefits of this platform, the 24-hour customer service and the automated trading, make it well worth it.
Website: https://www.etoro.com
ACCOUNT TYPES OFFERED BY ETORO
eToro offers two main types of accounts namely: the demo account and the real account which follows a tiered service model.
Bronze Trading Account – 500 USD minimum deposit.
Silver Trading Account – 1,000 USD minimum deposit.
Gold trading Account – 5,000 USD minimum deposit.
VIP trading account – 20,000 USD minimum deposit.
Islamic Swap-Free Account – 1,000 USD minimum deposit.
ISLAMIC SWAP-FREE ACCOUNTS
eToro offers free riba-compliant Islamic accounts. In order to get activate this account type, follow the normal sign up procedure, and fund your account with a minimum of 1,000 USD. Following this, contact customer service and they will make the necessary changes
TRADE CRYPTOCURRENCIES WITH ETORO
eToro is one of the leaders in trading cryptocurrencies online, and the platform offers traders a unique trading experience. As of the time of the last update, eToro offers 15 cryptocurrencies for CFD trading including Bitcoin, Dash, Etherium, Litcoin, and others. eToro plans on introducing more cryptocurrencies in the future as they become of interest to the trading community.
ETORO TRADING PLATFORMS
eToro has a version of its trading platform for browsers and mobile devices. The eToro Mobile Trader app is for the traders who use mobile devices to trade and is available for IOS and Android.
DEPOSIT & WITHDRAWAL
Deposits are possible with credit cards, debit cards, Neteller and Union Pay. All accounts wallets are in USD, so clients depositing from non-USD accounts will be charged a conversion fee.
COMPANY & REGULATION
eToro has acquired licenses to allow accept clients in CFD trading. Among the various regulating bodies that eToro has registered with are:
Cyprus Securities and Exchange Commission (CySEC)
Financial Conduct Authority (FCA)
Australian Securities Investments Commission (ASIC)
eToro was established in 2006 and its headquarters are in Limassol, Cyprus. It also has other offices in other different cities like London, UK and Tel Aviv, Israel.
Website: https://www.etoro.com
Legal Company Name: ETORO (EUROPE) LTD
Year Founded: 2006
Offices Locations: Cyprus, UK, Israel
Regulators: UK FCA Registration No.583263 EU CySEC License No. 109/10
Broker Type: Market Maker
Minimum Deposit: $200
Maximum Leverage: 400:1
Minimum Spread: 2.0 pips
Deposit & Withdrawal: Bank wire, Visa/Mastercard, Skrill , Neteller, PayPal
Currency Pairs: 47
Trading Platform: eToro Platform
Web-based Platforms: Yes
Mobile Apps: Yes