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  • FIRST POST
    • fireblade28
    • By fireblade28 13th Oct 16, 1:08 PM
    • 85Posts
    • 57Thanks
    fireblade28
    Etoro-Do they ring you?
    • #1
    • 13th Oct 16, 1:08 PM
    Etoro-Do they ring you? 13th Oct 16 at 1:08 PM
    I signed up to etoro but haven't deposited yet. I got a call from an account manager asking when I could deposit and what things they could offer me. Seemed strange in funny about depositing over the phone anyway so I doubt I will be doing that. They seems a reputable company and I like the social aspect of their trading platform. Seemed odd.
Page 1
    • ArmyDilllo
    • By ArmyDilllo 13th Oct 16, 7:18 PM
    • 76 Posts
    • 168 Thanks
    ArmyDilllo
    • #2
    • 13th Oct 16, 7:18 PM
    • #2
    • 13th Oct 16, 7:18 PM
    Hope I'm not breaking any rules posting this but I found it with my first Google search and though it might be worth mentioning.
    I personally know nothing about etoro, having never heard of them before reading your subject heading.

    http://forums.babypips.com/candlesticks-chart-patterns-and-price-action/61199-etoro-withdrawal-problem-stay-away-scam-broker.html

    as soon as I saw they were regulated in Cyprus I steered well clear
    { 8-]
    Last edited by ArmyDilllo; 13-10-2016 at 7:22 PM.
    Save 20k in 2016 #143: achieved £23,762.38 of £20,000 target
    Retired 17:30, Friday 30Sep16 (aged 56).
    • fwor
    • By fwor 13th Oct 16, 7:37 PM
    • 5,746 Posts
    • 3,759 Thanks
    fwor
    • #3
    • 13th Oct 16, 7:37 PM
    • #3
    • 13th Oct 16, 7:37 PM
    There's a lot of previous info here on Etoro, and none of it looks good (to me). A recurring theme seems to be that they are very very helpful in assisting you when paying money in, but are strangely reluctant to help you get money back out.

    A forum search will give you more on this, but here's an example:

    http://forums.moneysavingexpert.com/showthread.php?t=4736582&highlight=etoro
    • DrSyn
    • By DrSyn 13th Oct 16, 8:14 PM
    • 423 Posts
    • 192 Thanks
    DrSyn
    • #4
    • 13th Oct 16, 8:14 PM
    • #4
    • 13th Oct 16, 8:14 PM
    Before you think of dealing with any company that is going to handle your money you should do the following things:

    1. Search the https://register.fca.org.uk/

    2. Take a look at
    https://www.citizensadvice.org.uk/resources-and-tools/search-navigation-tools/Search/?q=financial+advice

    3. Check with
    http://wck2.companieshouse.gov.uk//wcframe?name=accessCompanyInfo

    4. Google the company to see what might turn up good or bad.
    In your case try something like "etoro complaints" or "etoro forum", etc.

    5. Use some common sense.

    6. If after the above you still think of doing business with the company, then ask on forums about them.

    From what I see on TV and read, many people that lose money in various ways only do some of these after not before.

    I always ignore or say NO to anyone who phones or turns up without being asking. I strongly suggest that you do the same!
    Last edited by DrSyn; 13-10-2016 at 8:23 PM.
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