Etoro Forex checklist

Before opening any account, confirm exactly which currency pairs are available to clients in your country and in what form. Some brokers offer forex as leveraged derivative products such as CFDs, which carry a high risk of losing money, while product ranges and leverage limits often differ by regulatory region. Availability shown in marketing pages may not match what your account type or jurisdiction actually receives, so check the legal documents and the in-platform instrument list after registering, not just promotional material.

Forex costs are rarely a single number. Ask the broker to point you to the current, dated fee schedule and confirm how each cost applies to your intended trade size and holding period. Spreads can be variable, overnight financing applies to leveraged positions held past the daily cut-off, and currency conversion fees may apply when depositing or withdrawing in a currency different from the account base currency. Do not rely on third-party fee summaries, including older review pages, because published figures go stale quickly.

Identify which regulated entity would hold your account, since large brokers operate multiple entities and your protections depend on which one signs your client agreement. Search the relevant regulator's public register for the entity name and licence number, and read the client agreement for details on segregation of client money, negative balance protection where applicable, and complaint procedures. Finally, test practical matters on a demo or small deposit before scaling up, and keep records of everything you confirm.