/biz/ - Business & Finance

Why are people shilling eToro on the board all of a sudden? It was created in (((Tel Aviv))) of all places.

>As soon as there's a little bit of volatility, or a bit of prolonged upwards movement, they "Close" market, in effect disabling trading by not allowing you to open a trade, and have your trade closed showing as "pending", so you might be thinking "woo hoo! I'm up 5% on this trade, but then suddenly "Market Closed."

>Their spreads are astronomical, like 4%-4.5%+ on Ripple, $300+ on Bitcoin, for example, and they are misleading and deceptive in that even though they state in their T&C's their spreads, they actually change them at will without updating their T&C's - I'm not kidding, on one trade, the spread on Ripple might be 6 cents, then half hour later you open another trade and the spread is 15 cents... WTF? This is one reason eToro is licensed and domiciled in Cyprus, which like Belize, is a haven for scam trading companies.