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July 3, 2012

eToro experience from South Africa

Some of you might have heard of the forex market; others may not have. For those that don’t know, the forex, or FX market, is short for foreign exchange market and is the biggest liquid financial market in the world, involving the trading of world currencies (i.e. Euro, US Dollar, UK pound, etc.). There is a lot of money to be made by trading in the forex market; of course, for anyone unfamiliar with trading, making money can seem impossible what with all the intricacies and jargon involved. eToro is an online trading platform that has been specifically designed to be as easy to use for newbies as it is for experienced traders and provides everyone with the tools needed to make a genuine income online.

Having been a newbie (I still am one in many respects) and used eToro for a good few months, I am here to tell you about my experience.

The Software

Let me start by telling you have I have found it using the software. I, like many others, found the forex market to be a blur of numbers and constantly changing arrows. eToro has made it very easy for me to understand. Downloading the software, literally takes about 30 seconds and from there you can start buying and selling world currencies.

The user interface is perfectly designed for beginners, in fact, the entire eToro product, from support to community is built to make it a comfortable place for newbies. For anyone that is new to the FX market, I recommend starting with the practice platform, which allows you to trade in virtual money – I have learned a lot from doing this. I also had a great experience with the ‘education center’ which offers a wealth of live webinars, e-courses, and the very useful eToroPedia, which provides all the information related to trading and the answers to any questions you may have. After approximately eight months of using eToro, I find myself visiting eToroPedia on almost a daily basis.
I have also had a great experience with the real-time trading, allowing me to change currencies without delay. The only problem I have had when trading is when I had a temporarily slow internet connection – which is of course no fault of eToro; having said that, in my experience, you will need a fast internet connection to stretch your money.

Contacting eToro Help desk from South Africa

I have only had to contact the help desk via telephone on a couple of occasions, but each time I was left very satisfied. On both occasions I called with an issue related to slight issues with the software. On the first call, the female staff member on the telephone was very polite, helpful and surprisingly knowledgeable about the software. One the second call, I was provided with a call back from the help desk after the line went dead, and was once again provided with a solution – excellent customer service.

Money withdrawal from eToro from South Africa

Having moved from trading virtual money to the ‘big leagues’ and real money, I was keen to withdraw my first significant amount of money. Granted, US $200 is nothing compared to what the eToro ‘gurus’ around the world are making but for me it was a tidy profit, especially for a South African trader. I once again contacted the help desk and was given the process for withdrawing money for the first time. This involved emailing eToro copies of a utility bill, passport and money withdrawal request form. Having done this, I received an email with a reference number, and two days later a payment into my PayPal account. Once again, a thoroughly satisfying experience.

I am very happy with eToro Forex trading platform and I am happy to recommend it to anyone. Yes, there is a risk of losing money, but responsibility with this must lie with the individual and should never take away from what eToro offers.

Update from October 05, 2012 (eToro payment proof):

Here is a proof of payment from eToro. They really do pay. Couldn’t have been any more happier!!!

 

eToro Payment Proof

eToro Payment Proof

 

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5 Comment(s)

  1. Katleho | Jul 28, 2012 | Reply

    Love etoro. I am a currency trader on eToro from Durban, South Africa. Trading for over 8 months and will not go anywhere else. Very easy to use and withdrawal is super easy too.

  2. Abrahem | Sep 10, 2012 | Reply

    eToro forex trader from Johannesburg here. Couldn’t have been any happier with eToro. I had no idea about currency trading when I started but i started taking advantage of openbook and that helped me earn a good living on eToro by trading currency on Forex. I also have traded gold and oil on eToro. I am glad eToro is so great in South Africa.

  3. Fenyang | Oct 1, 2012 | Reply

    I have been using etoro from Cape Town, South Africa for the past one year. I have nothing but good things to say about eToro. Their help desk is great to work with and withdrawal of money is very easy and pain free. Finally a great forex trading platform South Africans can rely on. I am earning a decent living on eToro now.

  4. Zephania | Oct 8, 2012 | Reply

    I am using openbook a lot on eToro from Durban, South Africa. I like etoro a lot just beause its easy to use.

  5. Adel | Oct 10, 2012 | Reply

    Ich bin mit etoro aus Deutschland für über 3 Jahre. aus dem Nichts auf etwa US $ 2500 pro Monat i machen. einfach und wie es.

    English Translation: I am using etoro from Germany for over 3 years. from nothing to about US$2500 per month i make. easy and like it.

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