Forex trading with eToro in Romania: popular instruments, Social trading, and free demo account
eToro is a Social trading and multi-asset brokerage platform that allows users to trade various financial instruments, including stocks, Cryptocurrencies, commodities, and forex pairs. The platform was founded in 2007 and is headquartered in Israel, with offices in several other countries.
One of the unique features of eToro is its Social trading aspect, which allows users to follow and copy the trades of other successful traders on the platform. This feature is popular among beginners who want to learn from experienced traders and investors. It has also gained a reputation for being user-friendly and accessible, with a simple interface and low minimum deposit requirements.
eToro is available in Romania, and Romanian residents can register and use the platform to trade various financial instruments.
It is important to note that eToro is regulated by multiple financial authorities, including the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC). This means that eToro complies with strict regulations to ensure the safety of client funds and the fairness of its trading platform.
In this article, we will take a look at how the Forex market works in this country and review the different favorable trading opportunities for Romanians with the trusted broker eToro.
The economy of Romania and the local Forex market
Romania is a developing country located in Southeast Europe with a population of around 19 million people. The country has a mixed economy that is diversified across several sectors, including agriculture, industry, and services.
In recent years, the Romanian economy has shown strong growth, with an average GDP growth rate of around 4% per year between 2015 and 2019.
The Romanian government has implemented several economic reforms to attract foreign investment and promote economic growth, including tax incentives, infrastructure development, and labor market reforms.
Forex trading is attracting more and more locals primarily because it offers the potential for unlimited profits, and a high degree of flexibility and convenience, allowing people to trade from anywhere at any time. This makes it a lucrative option for people who want to earn an additional income or supplement their existing income.
The Forex market in the country is regulated by the National Bank of Romania, which sets the rules and guidelines for brokers and traders operating in the country. Romanian Forex traders are allowed to deal with international brokers that are authorized and regulated by reputable financial authorities, such as the European Securities and Markets Authority (ESMA) or the Financial Conduct Authority (FCA) in the UK. Luckily, eToro has all the necessary licenses and that is why the company is so popular in the country.
Forex traders in Romania can buy and sell a wide range of financial instruments, including currency pairs, commodities, securities, and Crypto. In addition, eToro provides trading in CFDs, which are legal in Romania. The Romanian financial regulator, the National Securities Commission (CNVM), allows CFD trading under certain regulations and requirements.
In general, Romania is a fairly favorable place for trading on the Forex market, since it has a growing economy and is strategically located in Europe, making it a gateway to the European market. Its regulatory framework is well-established for Forex trading and brokers operating in the country, ensuring that traders have access to a safe and transparent trading environment.
Besides, such reliable Forex brokers as eToro, offer competitive trading conditions, including low spreads, high leverage, and a wide range of financial instruments to trade. This allows traders to maximize their profits and minimize their trading costs.
Popular eToro trading instruments in Romania
eToro is a popular Forex broker that offers a wide range of financial instruments to trade in Romania. Some of the most popular instruments on eToro include:
Currency pairs trading with eToro in Romania
eToro offers a wide range of currency pairs for traders in Romania, including major, minor, and exotic ones. Some of the most popular currency pairs available on eToro include:
- EUR/USD: Euro/US dollar is the most popular currency pair in the Forex market, and it’s also one of the most traded currency pairs on eToro.
- GBP/USD: British pound/US dollar is another well-known currency pair on eToro, known for its high volatility and potential for profit.
- USD/JPY: US dollar/Japanese yen is a forex pair known for its tight spreads and high liquidity.
- EUR/GBP: Euro/British pound is another instrument in favor, particularly for traders interested in the European markets.
- USD/CHF: US dollar/Swiss franc is a sought-after duo for those interested in trading the Swiss markets, known for its low volatility and stable price movements.
- AUD/USD: Australian dollar/US dollar is mostly about trading in the Australian markets.
- USD/CAD: US dollar/Canadian dollar is well-liked in Canada and USA.
Besides, eToro’s trading platform provides users with access to real-time charts and analysis tools, as well as the ability to use leverage to potentially amplify their trading results. Additionally, eToro offers a user-friendly platform, making it easy for beginners to get started with Forex trading.
eToro commodity trading in Romania
eToro offers a range of commodities for trading in Romania, including precious metals, energies, and agricultural products. Commodities can be traded on the platform using CFDs, allowing traders to speculate on the price movements of commodities without actually owning the underlying assets. Some of the popular commodity CFDs available on eToro in Romania include:
- Gold CFDs: Gold is a popular commodity that is widely traded on eToro with low spreads and high leverage.
- Oil CFDs: Crude oil is another asset that is traded as a CFD on eToro, with traders able to take advantage of its high liquidity and volatility.
- Natural Gas CFDs: Natural gas as an energy asset is also traded with a CFD on eToro, with traders able to benefit from its price movements and use leverage to potentially amplify their trading results.
- Coffee CFDs: Coffee is an agricultural commodity that is traded as a CFD, with traders able to use its global demand and supply dynamics.
Trading commodity CFDs on eToro in Romania is easy and convenient, as locals can use the platform’s advanced trading tools and analysis features to make informed trading decisions. Commodity spreads start at 2 pips. Moreover, traders can utilize the leverage of up to x10 on most commodities and up to x20 on gold.
eToro trading stocks, ETFs, and their CFDs in Romania
eToro offers stocks and ETF trading in Romania, allowing clients to invest in a wide range of global companies and diversified portfolios. In addition to traditional stock trading, eToro also offers stock and ETF CFDs in Romania.
Regarding stocks, eToro gives the opportunity to buy and sell securities of leading companies from around the world, such as Apple, Amazon, Google, and Facebook. Traders can also invest in emerging market stocks and companies from sectors such as healthcare, finance, and technology.
Besides, eToro offers a wide selection of exchange-traded funds (ETFs) in Romania, allowing traders to diversify their portfolios across a range of asset classes, geographies, and sectors. Popular ETFs available on eToro in Romania include the SPDR S&P 500 ETF, iShares MSCI Emerging Markets ETF, and Invesco QQQ ETF.
eToro also offers stock and ETF CFD trading, allowing clients to speculate on price movements without owning the underlying asset. CFDs offer traders the ability to trade with leverage and benefit from both rising and falling markets.
eToro’s user-friendly trading platform makes it easy for traders to monitor and analyze stock and ETF prices, access news and research, and execute trades quickly and efficiently. Moreover, eToro’s Social trading features let traders share and follow the trades of other successful users, making it easier for beginners to learn from experts and more experienced traders.
eToro Cryptocurrency trading in Romania
eToro, being a global brokerage platform, allows users to trade a variety of financial instruments, including Cryptocurrencies like Bitcoin, Ethereum, and others. The company offers leverage on Cryptocurrency deals, which allows clients to increase their potential gains or losses. The leverage available for Cryptocurrency trading in Romania is up to 2:1.
Moreover, clients can not only trade Cryptocurrencies against the US dollar, as is typical with most brokers. Instead, you are offered fiat, commodity, and Crypto cross such as gold/BTC or Stellar/euro.
eToro accounts and platforms in Romania
eToro offers different account types to users in Romania, depending on their trading needs and experience level: the standard trading account, professional, demo, and Islamic account.
- A standard trading account is the default account type on eToro and it is available to traders from most countries. With a standard trading account, users can access a wide range of financial instruments, including stocks, Cryptocurrencies, commodities, and currency pairs. There are no hidden fees or commissions for trading, and users can start trading with a low deposit.
- A professional account is an excellent choice for experienced traders who meet certain eligibility criteria. The eToro Professional account provides users with higher leverage levels and other advanced trading features.
- Islamic account is the best option for traders who follow the principles of Sharia law. This account type is swap-free, meaning that users do not pay or earn any interest on overnight positions. Instead, eToro charges a fixed administration fee, which is determined at the time the position is opened.
- eToro’s demo account allows traders to practice trading with virtual funds, without risking any real money. It provides a risk-free environment for traders to learn how to use the platform, try out different trading strategies, and test their skills before committing any real funds. The eToro demo account offers all the same features as the real trading account, including access to the same range of financial instruments and the ability to use eToro’s Social trading features. Traders can use the demo account to trade in a virtual environment with a balance of $100000.
Considering eToro’s trading platform offers a range of features designed to help traders manage their investments effectively. eToro platform includes real-time charts with a range of technical indicators and drawing tools, enabling traders to analyze market trends and make informed trading decisions. The CopyTrader feature allows traders to automatically copy the trades of successful traders. This feature enables clients to benefit from the expertise of experienced market participants and potentially improve their trading performance.
Besides, eToro’s Social trading platform allows traders to connect with other traders, share ideas, and learn from each other. This feature can help traders to stay up-to-date with market news and trends, and potentially upgrade their trading strategies.
To keep possible risks under control eToro offers a range of risk management tools, including stop-loss orders and take-profit orders, which can help traders to protect their investments.
eToro also has a mobile app that is available for both iOS and Android devices. The eToro mobile app allows you to access your trading account, view market data and charts, place trades, manage your portfolio, and use Social trading features on the go. The app is user-friendly and provides a seamless experience across devices.
In addition, the eToro platform is designed to be user-friendly, making it accessible to traders of all levels of experience. The platform offers intuitive navigation, simple order placement, and a range of educational resources to help traders improve their skills.
Deposits and withdrawals with eToro in Romania
eToro offers various deposit and withdrawal methods for users in Romania.
Deposits can be made via:
- Credit/debit cards (Visa, Mastercard, Diners Club, Maestro)
- Rapid Transfer
- Bank Transfer
Withdrawals are available in the following ways:
- Credit/debit cards (Visa, Mastercard, Diners Club, Maestro)
- Bank Transfer
Deposits in Romanian Leu (RON) can be made through bank transfer only.
Withdrawals can only be made through the same payment method used for deposits.
It’s worth noting that eToro may require users to complete a verification process before they can make deposits or withdrawals. This process involves submitting proof of identity and address, such as a government-issued ID and a utility bill.
eToro languages and support in Romania
eToro provides customer support to its users in Romania through various channels such as email, live chat, and phone support. The eToro platform is available in several languages, including Romanian, English, Spanish, French, German, Italian, Dutch, and more.
In addition to customer support, eToro also provides a range of educational resources, including trading guides, video tutorials, and webinars. These resources can help traders of all levels of experience to improve their skills and knowledge of the financial markets.
Overall, eToro aims to provide a high level of support and assistance to its users in Romania and around the world, with a focus on making the trading experience as smooth and user-friendly as possible.
eToro Social trading in Romania
eToro’s Social trading platform is available to users in Romania. Social trading allows clients to follow and copy the deals of other traders on the platform, and it’s a popular feature on eToro.
To access the Social trading feature on eToro, users can browse through the platform’s list of popular investors or use the search function to find specific traders to follow. Clients can then view the trading history and performance of each trader, including their risk score and portfolio allocation.
Once traders have found professionals they want to follow, they can allocate funds to copy their trades automatically. The amount allocated will be proportional to the trader’s position size, and users can adjust the amount they want to invest.
eToro also provides risk management tools for Social trading, such as the ability to set stop-loss and take-profit orders and to adjust the level of risk. This allows users to manage their investments and control their risk exposure while following the deals of other successful traders.
All in all, Social trading on eToro is a popular and useful feature for traders in Romania who are interested in following and learning from other successful market participants on the platform.
Summing up: Forex trading with eToro in Romania
eToro is a popular online trading platform that is available to users in Romania. The platform provides clients with access to a wide range of financial instruments, including stocks, ETFs, Cryptocurrencies, commodities, and forex pairs.
eToro is known for its user-friendly interface and Social trading features, which allow market participants to follow and copy the strategies of successful traders on the platform. The website also offers a range of educational resources, including webinars, tutorials, and a demo account, to help users improve their trading skills.
In terms of regulations, eToro is regulated by several reputable financial authorities, including the FCA, CySEC, and ASIC. This ensures that the platform is safe and reliable for users in Romania.
When it comes to account types, eToro offers several options, including a standard account, an Islamic account, and a professional account. Users in Romania can also choose from a range of deposit and withdrawal options, including credit/debit cards, bank transfers, and e-wallets like PayPal and Skrill.
Overall, eToro is a popular and trusted online trading platform that offers a range of features and benefits for users in Romania who are interested in trading different financial instruments. Click our special button and start your Forex market journey in Romania with eToro.
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eToro is a multi-asset platform that offers both investing in stocks and Crypto assets, as well as trading CFDs;
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. The trading history presented is less than 5 complete years and may not suffice as a basis for an investment decision.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity-specific information about eToro.
Forex trading with eToro in Romania - FAQ