Etoro

It's bullsh*t I was trading and won a few hundred bucks then they freeze my account. The reason was " to prevent fraud"
 
There are a lot of bad reviews regarding Etoro, so I don't wanna go near them.
 
Etoro is a dealing desk. They win when you lose. Guess who wins? They also have a magical freezing platform that magically only freezes in their favour.

Of course people make money using Etoro, but also many get stung.

How do they win when you lose? Could you explain more and what tips would you give a beginner to start forex trading.
 
How do they win when you lose? Could you explain more and what tips would you give a beginner to start forex trading.

They trade against you. It's within their interests that you lose. They also make money on the spread too. Hence the reason eToro has a magical freezing platform that freezes you out of trades when you are going to win big.

Your issue may be that you actually need money to trade forex, otherwise use a dealing desk that leverages your money by 1000 or so.
 
They trade against you. It's within their interests that you lose. They also make money on the spread too. Hence the reason eToro has a magical freezing platform that freezes you out of trades when you are going to win big.

Your issue may be that you actually need money to trade forex, otherwise use a dealing desk that leverages your money by 1000 or so.
Wow thats makes perfect sense, did a 5 minute google search and other sources say the same things. How is that even legal? And what dealing desk would you recommend for short term swing trades due to not have enough capital to day trade.
 
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