Broker Comparison – Etoro

 

Etoro

 

                                 A. FUNDS SAFETY 2.83
A.1 Regulation FSC (BVI) = 0 rating | CYSEC (Cyprus) = 0 rating | FFMS (RU) = 2 rating | RAFMM (RU) = 2 rating | CBI (IR) = 3 rating | ASIC (AU) = 4 rating | FSC (NZ) = 3 rating | FSA (UK) = 5 rating | BAFIN (GE) = 5 rating | NFA (US) = 5 rating | CFTC (US) = 5 rating 2.5 Cysec/FCA
A.2 Headquarters Offshore Countries = 0 | Cyprus and similar = 1 rating | EU area = 3 rating | Australia and similar = 4 rating | USA, Germany, UK, Switzerland and similar = 5 rating 2.5 * eToro (Europe) Ltd. (eToro Europe), having its registered office at 4 Profiti Ilia Street, Germasogeia, Limassol, Cyprus.                  * eToro (UK) Ltd. (eToro UK) having its registered office at 6 New Street Square, London
A.3 Years of Operation 0-1 Years Operation = 0 rating | 2-5 Years Operation = 2.0 rating | 5-10 Years Operation = 4 rating | 10+ Years Operation = 5rating 5 Founded since 2006
A.4 Client Bank Account Segregation Yes Provided =  5 rating | No it isn’t Provided = 0 rating 5 Clients’ funds keep in a segregated account and will be separated from eToro own assets. Such separation of accounts is being supervised both internally and externally.
A.5 Web Ratings (Used for differentiating rating results) ForexPeaceArmy Rating 1.96
A. 6 Fine from Regulator No = 5 rating | Yes = 0 rating 0 Pays €50,000 to CySEC

check link(1)

                                B. TRANSACTION COST 2.00
B.1  EURUSD Spread < 1 pip = 5 rating | <1.5 pip = 4 rating | < 2 pip = 3 rating | <2.5 pip = 2 rating | <3 pip = 1 rating 1 3 pips
B.2  GBPUSD Spread < 1.5 pip = 5 rating | <2 pip = 4 rating | < 2.5 pip = 3 rating | <3 pip = 2 rating | <3.5 pip = 1 rating 1 4 pips
B.3 USDJPY Spread < 1 pip = 5 rating | <1.5 pip = 4 rating | < 2 pip = 3 rating | <2.5 pip = 2 rating | <3 pip = 1 rating 2 2pips
B.4 Gold spread < 3 pip = 5 rating | <3.5 pip = 4 rating | < 4 pip = 3 rating | <4.5 pip = 2 rating | <5 pip = 1 rating 1 4.5 pips
B.5 Funding Commissions No Funding Fees = 2.5 rating | Yes = 0 rating  | No Withdrawal fee = 2.5 rating | Yes = 0 rating 5 No deposit fee for USD deposits
                               C. Executin 4.00
C.1 Execution ECN / DMA / STP Execution = 5 rating  | Dealing Desk Execution = 0 rating 5 STP-No Dealing Desk (NDD) Execution
C.2 Slippage on Execution Slippage  < 0.5 pip =  4 rating | < 0.75 pip =  3.5 rating | < 1 pip = 3 rating | < 1.25 pip =  2.5 rating | < 1.5 pip = 2.0 rating | < 1.75 pip =  1.5 rating | < 2.0 pip = 1.0 rating 3 Slippage not more than 1 pip
                                D. WITHDRAWAL 2.33
D.1 withdrawal speed < 1 business day = 5 rating | <2 business day = 4 rating | < 3 business day = 3 rating | <4 business day = 2 rating | <5 business day = 1 rating 5 within 1 day
D. 2 withdrawal issue no issue in the online = 5 rating  | 1~5 complains = 2 rating  | 5 above = 0 rating 2 1~5 complaints
D. 3 company withdrawal card Yes= 5 rating | No=0 rating 0 No Etoro Card
                                E. Customer Service 2.67
E.1 local language CS or sales Yes= 5 rating | No=0 rating 5 Yes
E.2 Chat available Yes= 5 rating | No=0 rating 0 No Live Chat
E.3 Avalable hour 24/7 Customer Support = 5 rating | 24/6 Customer Support = 4 rating | 24/5 Customer Support = 3 rating  | other = 1 rating 3 Available 24/5
Total Average Rate 2.77

 

link (1) :  http://www.dailyforex.com/forex-figures/forex-news/etoro-pays-50000-cysec/978

Scoring Criteria:http://blog.land-fx.com/en/scoring/