Having a big name in the business world is not always the best thing but there are situations when being big can be best. In the trading industry, this is definitely the case as it brings about a level of respect and reliability to a trader or trader platform.

With the number of people looking to invest rising all the time, it makes sense for people to look for a trader that is not a scam trader. After all, if you have worked to earn your money, you want it to work for you, not to throw it all away.

ETORO was founded in 2007 and has been providing financial trading support and assistance since then with a variety of electronic trading platforms. The company has had a number of major successes in this period which means that when it comes to providing proof that the site is not a scam, ETORO is able to do more than most. Proving that a broker not a scam is becoming a major issue in the current climate but the online presence of ETORO ensures that this is very easy to do.

If you have to go, go big

The ETORO name and parent company is regulated by the Cyprus Securities Exchange Commission (CySEC) and is fully compliant with EU MiFiD regulations. The site also provides an American portal for users on the other side of the Atlantic, further strengthening its position in the market. It is this strength in depth and breadth in services that gives many people the confidence in ETORO. The current broker market is thriving but a thriving industry leaves a lot of space for scam artists so it is important to ensure you can trust your site. The number of customers ETORO deals with on a daily basis indicates that this is not a scam company.

Indications are good

The company has raised close to $20m in funding in its history and is said to have over 1.5 million registered users. This means if there were a number of complaints with the services provided by ETORO, you would not have far to look. If brokers provide a bad service, traders are not slow in informing other users about the poor service so always take the time to check this out. The findings indicate that ETORO is a broker not a scam provider and that investing your money with the company is likely to be a wise choice. It may not be a choice that will guarantee you get your money back but it is certainly a safer place than some alternative trading platforms.

Given that the right choice of broker platform will depend on your needs and even your personality, it would be impossible to fully advise traders of which company is right for them. It is possible to point them in the direction of reliable companies though and all the indications suggest that ETORO is not a scam. In the current climate, this is an important recommendation and should allow traders to invest with a greater degree of confidence.

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