eToro is one of the largest Forex broker in the world. And this is also the major reason why you can also find lots of negative reviews about eToro. Because with that many traders there are traders that lost money and think it’s the fault of the FX broker. But is eToro really a scam? We highly doubt that. What makes us say that?
Have you ever written a review about a broker when you were very happy? If so, you’re an exception. Because most traders don’t talk about solid and reliable broker. They just want to find a scapegoat when they lost money. And most traders lose money in the long run. It’s a fact. So if you put these two facts together you already have the reasons why even reliable broker like eToro are called a scam by some people.
In this article we take a look at the experiences other traders made with eToro. Great sites where you can find lots of good reviews are forexpeacearmy and forexrealm. What traders did not like at the beginning was the fact that the eToro platform did not run smoothly and sometimes frooze. These problems should be fixed now. At least nobody complains any more and we were also trading for a few months at eToro without problems.
Our deposits also worked out well (with Skrill). One trader complains that he made a Paypal deposit that never reached his account. We have to assume that this is an exception and there was some technical difficulties. No reason to think that eToro is a scam.
But there are also positive experiences with eToro that are published. As already mentioned, most of these positive experiences stay unpublished. Most positive reviews concern the software that is a big plus. It runs stable and offers more and more features to the trader.
The experience with the eToro support is mixed. Some traders are not happy with the support and others say that the support is fast and competent.
It’s a fact that eToro is a large broker with hundreds of thousand happy traders. eToro would not be able to grow this fast if it’s a scam. Lots of people recommend eToro to their friends and not because of the scam that is taking place.