is etoro forex a scam?
Thursday, August 20th, 2009 at
6:44 pm
I heard about a forex company called etoro, does anyone know if they can be trusted? is that a scam?
Filed under: Forex Companies
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i did a short due diligence and they seem legit. looks like the corporate headquarters is outside the U.S. but the U.S. representative is a company called "Tradonomi, LLC" and they’re DBA (doing business as) "E-Toro USA", and registered with the NFA (National Futures Association), which is good.
There seem to be quite a few happy customers. There are a few unhappy ones too but I don’t see any evidence of it being a scam.
Hi,
My name is John Carry and I am a partners manager at eToro partners (www.etoro.com ).
The eToro platform is based on visual representation of financial transactions, trying to provide a more intuitive approach to Forex trading. eToro has been adopted as a trading platform by 2 leading international Forex brokers: IFX Markets Inc and RetailFX Limited. RetailFX Limited is an EU based Forex trading company which is registered and operates from Limassol, Cyprus.
IFX Markets, Inc. is the US subsidiary of City Index Ltd, a London-based international market maker. IFX Markets, Inc. is a Futures Commission Merchant registered with the CFTC and a member of National Futures Association (NFA).
You are welcome you to visit the eToro forum and to view the traders’ feedback on the platform, I’d also be to answer any specific questions by email.
Thanks,
John Carry,
john@etoro.com
It’s not a scam as such but I’m telling you now that the quality of their software / product is so low that I wouldn’t recommend them to anyone.
If you check out http://www.fxsystemscompared.com/rev_forex_autopilot.html you can check out which forex system works the best with online trading platforms
NO. it is actually one of the legitimate sites in forex trading. however, if you are a newbie then you may need LIVE, One-on-One Personal Tutorial which only this site can offer at a very low start up costs. being one of the leaders in forex trading, you can be assured this is a reliable and trusted site. all the best.
forex is not a scam , forex market is just no.1 hard market in the market ,those who lose money think that it’s scam but it’s not , it requres professional trainning in some country , taking serious courses to make money .if one has no experience and go trade , only lose money..so better don’t burn the money in forex if don’t have strategy or plan to make money there, they are few professional trader that can make money..
95% of trader losing money , and only 5% traders make money.