eToro.com

Not a Scam, but a very bad company overall
1.0

Etoro is probably not a scam, but their business practices are extremely bad, plain and simple.

Reasons:
-Super nice customer service BEFORE a deposit is made. AFTER the initial deposit, customer service is just hell.
-Complicated process to verify account.
-Extremely difficult to WITHDRAW money. I do believe that any good financial-related company should make withdrawals easy once account is verified. eToro is just horrible in this area.
-BEING REGISTERED IN CYPRUS IS THE SAME THING AS NOT BEING REGISTERED.

Don’t pick this company if you value your hard-earned money.
Don’t TRUST the positive reviews (written by eToro employees).

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1.0

It looks like a good website until you want to withdraw your money and need the customer support for help. I’am waiting a month now to get my money back, but it’s still not on my account.

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1.0

I’ve made 5 withdrawals starting in 25th of April, I waited till 10th of May, nothing received!
I told my account manager about that, then I’ve received email from etoro telling me that there was a technical issue and they solved it and I will receive my withdrawals in 5-8 business days.
After 9 business days I still not received any thing, so, I sent to customer service about this.
they told me that your withdrawals have been processed successfully in the 1st date that you made the withdrawal!
I don’t understand how they told me in the 1st email that there was a technical issue delayed the transactions and in 2nd email they said that there wasn’t a problem!
After this, I post on etoro asking about how to complain about this, and I blocked.

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Etoro, not a broker that I would recommend!!
1.0

I didn’t stay with Etoro very long as I only took it out to join a signal provider, which is another story, however I decided to withdraw all my funds from Etoro, but found it very difficult to find how to withdraw funds, I ended up having to email support, after a few days they refunded my deposit, less €10 as a fee, this is the only broker I have come across that takes €10 fee on a Visa card withdrawal, not a recommended broker from my point of view!!
Also, to add to this, I didn’t like the platform they had as I have been used to MT4!

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They keep almost all the profit
1.0

I know this company is in ISREAL but damn they really really are cheap!!! PAMM accounts usually pay around 12% of gains to master investors, etoro refuses to use a percentage, and instead uses very very very low dollar amounts. You are also forced to stay at that super low amount for months. They offer you 50% rebate AFTER 6 MONTHS, you can get up to 50% rebate right away just by signing up and using cashbackforex and many brokers!!!!!
They also charge for withdrawals. And they limit the amount that people can invest in you. There is serious money made in people following professional investors. At etoro, the professional investor does not get it, the follower does not get it, so whos left? eToro!
P.S. I recall about 4 forex brokers closing and taking everyones money in recent memory, all were from isreal. This is the only broker I know of that is still operating…..for now.
If you choose to deposit your money with them, good luck.

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