Market News March 25, 2011 and Presenting OpenBook

Latest Headlines from Financial Times:

• Euro shrugs off debt fears
• Euro shrugs off Portugal woe
• Stocks rally for seventh session
• Data watch

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Trading The World and Financial News March 13, 2011

Latest Headlines from Financial Times:

• History shows rebuilding spurs economy
• Equities stabilise as quake risks assessed
• 'The world should separate the people and the regime'
• Yen holds up as oil and equity prices tumble

TRADING THE WORLD

To view the most recent indicators and relevant economic news please visit ourForex calendar page for live updated worldwide events.

World events affect the Foreign Exchange Market. Or rather, world events affect supply and demand forces, which then affect the Foreign Exchange market. World events (political, social, governmental, etc) and other economic factors shift the supply and demand forces constantly, which in return shift the price of one currency in relation to another.

Tuning in to what's happening in the world is a very smart trading strategy as again and again we witness that the Foreign Exchange market undergoes movements soon after major news and/or economic reports are released. The size of the country determines the amount, and the frequency of its news/reports releases, and therefore it may be more useful (at first at least!) to trade currencies of economies that have plenty of releases (such as, for example: USD, EUR, JPY, GBP, CHF).

Useful Information:

Always Remember that the healthier a nation is, the better its economy will perform (and consequently, the stronger its currency will be)!! Health is measured (amongst other factors) by high employment levels, retail sales, capacity utilization, and gross domestic product. It is also measured by low government deficits and by little fluctuation in inflation.

To determine a nation's health, look for reports on: (The below examples are taken from the US market)

• Employment Growth
• Gross Domestic Product (GDP)
• Trade Balance
• Interest Rate decisions
• Retail Sales
• Durable Goods
• Inflation reports
• Foreign Purchases report (TIC Data)

What do reports mean? Here are a few examples:

Employment:

Jobless Claims is released weekly and it measures how many people filed for unemployment insurance for their first time. The less people have applied, the better the economy is doing, because unemployed people tend to spend less money, which has a bad effect on the nation's economy.

US: Nonfarm Payrolls is released monthly and it measures the number of new jobs created (excluding the farming industry). The more new jobs, the stronger the nation's currency is, because the more people work, the more money they earn, the more money they are likely to spend.

Consumption:

Core PCE Price Index: measures the rate of inflation experienced by people; it reflects the price change in consumer goods and services (excluding Food and Energy). Large price changes have a negative effect on the economy, because they introduce uncertainty, and uncertainty inclines people to spend less.

Retail Sales: is released once a month and measures the value of retail sales. A rising trend means that the nation's economy is growing stronger, because it means that people are spending more.

GDP (Gross Domestic Product) Annualized: measures the value of all goods and services that are produced by the nation's economy. A rising trend means that the nation's economy is growing stronger. It encourages people to invest in the domestic stock and bond markets, and attracts foreign investors.

Trade Balance: measures the value of the difference between imported and exported goods and services. A positive trade balance means that more goods and services were exported than imported. A rising trend means that the nation's currency is growing stronger, because the higher the demand for exports, the higher the employment and production rates in the exporting country. This usually means that foreigners will convert their currencies to purchase the currency of the exporter.

CPI-Consumer Price Index In simple terms, CPI measures the increase of price in a fixed basket of goods and services (such as food, transport, housing etc'). A higher CPI means that the price of the basket has increased and it now costs more to buy the same basket of goods. A rising trend has a positive effect on the economy (and consequently on the currency), because it reflects that people are able to purchase the goods and services despite the price increases.

Real Estate:

US: New Home Sales: The new home sales figure serves as a great indicator for the general direction of the economy. An upwards trend in new home sales suggests that all is well in the construction industry and that the nation's consumers can afford to make large purchases. New home owners tend to purchase a large amount of goods, while construction companies need to hire workers and buy materials, thus creating a positive ripple effect in the nation's economy and an encouraging effect on its currency.

US: Pending Home Sales: measures activity in existing (not new) home sales. This includes single-family homes, condos and co-ops. The higher the demand for housing, the better the economy is doing, because people must feel comfortable enough in order to invest in homes. Also, such investments are usually accompanied by purchases-electronic equipment, furniture-and revenues for realtors, both of which are good for the economy.

US: Housing Starts measures how much construction began on new residential buildings. The higher the number, the better that nation's currency, because it indicates that the construction industry is healthy and that people are investing in it.

Manufacture:

US: ISM Mfg Index measures the activity of purchasing managers in the manufacturing sector. A rising trend means that the nation's currency is growing stronger. Purchasing managers are good indicators since they have access to a company's performance, which oftentimes goes hand in hand with overall economic performances.

Industrial Production measures the value of output produced by factories, mines, and utilities. A rising trend means that the nation's currency is growing stronger, because high values indicate that large amounts of product are being manufactured and sold, and hence that people earn and spend money.

Producers Price Index examines differences in the selling prices of goods and services within Euro-zone producers. Since producers tend to increase retail prices as a result of higher production costs, PPI may be counted as an indicator for inflation. A higher PPI may result in higher interest rates determined by the European Central Bank. A falling PPI points at declining prices, and thus hints at an upcoming economic recession.

Durable Goods Orders: measures the value of goods with a life expectancy of more than 3 years, purchased by consumers looking for domestic manufacturing. This indicator predicts how busy the manufacturers are likely to be, since they need to work to fill the orders. Therefore, a rising trend will have a positive impact on the nation's currency.

Rate Announcements:

UK: BOE Announcement - the Bank of England (BOE) Monetary Policy Committee (MPC) votes every month on where to set the nation's short-term interest rate.

EU:ECB Announcement - the European Central Bank (ECB) Governing Council votes every month on where to set the union's short-term interest rate.

US: FED Announcement - the Federal Open Market Committee (FOMC) votes eight times a year.

Shortly after each vote, the outcome is released (the BOE Announcement; the EU:ECB Announcement, and the FED Announcement). It is accompanies by a brief commentary on the economic conditions that effected the outcome. Interest rates depend mostly on inflation. The objective is to keep prices stable, so when inflation rises above an annualized rate of 2%, banks will usually raise interest rates in order to bring prices down. High interest rates attract foreign investors, who increase the demand for that nation's currency. This is to say that a rising trend in interest rates has a positive effect on the nation's economy.

FOMC Meeting Minutes:

The Federal Open Market Committee (FOMC) Meeting Minutes give people insight into the decisions that have been made with regard to interest rate and policy shifts.

Surveys:

EU: ZEW (Zentrum für Europäische Wirtschaftsforschung) Survey provides the opinions of financial experts with regard to the economic outlook for Europe. Every month the difference between investors that expect a growth in the economy and those that expect a decline is measured.

US: Chicago PMI measures the health of the Chicago business environment. Every month purchasing managers respond to a survey with regard to their organization's activity (whether it is higher than, the same as, or lower than it was in the previous month) in terms of output, purchases, employment, inventories, orders, and prices.

NET TIC-Treasury International Capital (TIC) Reviews the flow of money market funds (such as stocks, bonds etc') to and from the United States. The key figure, expressed in millions of dollars, represents the difference between American spending of foreign securities and foreign spending of American securities. This is a major indicator of the American economy and gives insight into foreign demand for American investments and dollars. For example, if the US purchased $5 billion in foreign securities and foreigners purchased $20 billion in long-term US securities, then the net reading would be $15 billion.

Consumer Confidence: measures consumer attitudes towards economic conditions, how they evaluate future economic prospects. Higher readings suggest consumer optimism; this is to say that consumers are optimistic about economic prospects. As a result consumers tend to purchase more, which in return stimulates the economy.

Consumer sentiment: Measures consumer attitudes concerning both the present situation and future expectations.
It's derived from a monthly 500-person survey conducted by the University of Michigan. Higher sentiment levels are a leading indicator of rising consumer spending, which accounts for two-thirds of the economy.

A few more things worth knowing:

• In general it can be said that news releases that follow expected reports do not cause strong market movements.
• Differences between the market expectations and the news release may cause market volatility which in turn might lead to a developing trend in a specific direction.
• Such opportunities are usually short-lived; they may last for only a few minutes or even a few seconds.
• Markets in which constant movements occur will usually not be as strongly affected by news releases. A quiet market may move more significantly because of a news release.

DON'T FORGET : No matter how many current events you follow and news releases you absorb, and no matter how familiar you are with the Foreign Exchange market and its trends--Trading always involves a risk!!!

Market News - February 19, 2010

Latest Headlines from Financial Times:

• Dollar leaps after Fed raises key rate
• Dollar climbs after Fed lifts discount rate
• Fed move marks return to normal
• Fed move reinforces recovery hopes

Forex trading is serious business where big money changes hands within seconds. As with any serious business one needs to be aware of the current market situation at all times and have one's finger always on the pulse.

This is why we are proud to introduce the eToro forex calendar, a tool that you will shortly come to heavily rely on for your trading decisions. Our forex calendar is located in a screen easily accessible from the main platform screen, so you can check the forex calendar at any point during your trading activity.

The economic events calendar provides you with the latest indicators and economic events from around the world. Using eToro's Forex calendar will help you make better trading decisions. To learn more about economic indicators see our market news page for detailed description of different Forex related events.

The forex calendar is a tool that tells you when major events take place in the world of forex. By major events we mean announcements and figures release by various financial institutions and policy making bodies. These announcements have a major effect on the forex market since they give clear indications of various factors in global economies. The principles of fundamental analysis state that because currencies are invariably affected by their respective economies, by observing the changes in global economies one can predict the movements of currencies in the forex market.

Another reason that a forex calendar is a tool that is crucial to forex traders is that it determines the time when forex traders will choose to trade. Due to the fact that these financial announcements present hard figures that reflect the state of global economies, most traders and major financial institutions will open trades based on these figures immediately after the announcements. This means that the forex market is particularly volatile in the short time after each announcement, with currency rates rising and dropping radically. Radical changes in the forex market mean the opportunity to make bigger profits (although it is riskier to trade during these times). It is important that you consult the eToro forex calendar on a daily basis at least, because you may want to save your trading till after a particular announcement.

In the forex calendar you will have a few indicators to look out for. First and foremost you must of course note the date and time of the announcement. The next thing will be the currency that the particular announcement will affect. Most announcements in the forex calendar affect only one single currency. Announcements that have a more international scope are very rare. The most important thing about a forex calendar event is its impact - indicated in the eToro calendar by the color of the flame next to the event's name, ranging from yellow to red. Simply put, yellow means that you can afford to skip this one, while red means that you should put aside anything else you have going at that time and give your undivided attention to this announcement.

The forex calendar is something that you should plan your week around as a forex trader. Use the eToro forex calendar to become more aware of the global situation in the forex market, and of course to become a better and more successful trader.

The economic events calendar provides you with the latest indicators and economic events from around the world. Using eToro's Forex calendar will help you make better trading decisions. To learn more about economic indicators see our market news page for detailed description of different Forex related events.

Market News - February 12, 2010

Latest Headlines from Financial Times:

• Beijing's monetary move sparks risk retreat


• Euro project tested by Greek crisis


• Europe trailing in dust of US recovery


• First-time buyers rush to beat stamp duty

TRADING THE WORLD

To view the most recent indicators and relevant economic news please visit our Forex calendar page for live updated worldwide events.

World events affect the Foreign Exchange Market. Or rather, world events affect supply and demand forces, which then affect the Foreign Exchange market. World events (political, social, governmental, etc) and other economic factors shift the supply and demand forces constantly, which in return shift the price of one currency in relation to another.

Tuning in to what's happening in the world is a very smart trading strategy as again and again we witness that the Foreign Exchange market undergoes movements soon after major news and/or economic reports are released. The size of the country determines the amount, and the frequency of its news/reports releases, and therefore it may be more useful (at first at least!) to trade currencies of economies that have plenty of releases (such as, for example: USD, EUR, JPY, GBP, CHF).

Useful Information:

Always Remember that the healthier a nation is, the better its economy will perform (and consequently, the stronger its currency will be)!! Health is measured (amongst other factors) by high employment levels, retail sales, capacity utilization, and gross domestic product. It is also measured by low government deficits and by little fluctuation in inflation.

To determine a nation's health, look for reports on: (The below examples are taken from the US market)

• Employment Growth


• Gross Domestic Product (GDP)


• Trade Balance


• Interest Rate decisions


• Retail Sales


• Durable Goods


• Inflation reports


• Foreign Purchases report (TIC Data)

What do reports mean? Here are a few examples:

Employment:

Jobless Claims is released weekly and it measures how many people filed for unemployment insurance for their first time. The less people have applied, the better the economy is doing, because unemployed people tend to spend less money, which has a bad effect on the nation's economy.

US: Nonfarm Payrolls is released monthly and it measures the number of new jobs created (excluding the farming industry). The more new jobs, the stronger the nation's currency is, because the more people work, the more money they earn, the more money they are likely to spend.

Consumption:

Core PCE Price Index: measures the rate of inflation experienced by people; it reflects the price change in consumer goods and services (excluding Food and Energy). Large price changes have a negative effect on the economy, because they introduce uncertainty, and uncertainty inclines people to spend less.

Retail Sales: is released once a month and measures the value of retail sales. A rising trend means that the nation's economy is growing stronger, because it means that people are spending more.

GDP (Gross Domestic Product) Annualized: measures the value of all goods and services that are produced by the nation's economy. A rising trend means that the nation's economy is growing stronger. It encourages people to invest in the domestic stock and bond markets, and attracts foreign investors.

Trade Balance: measures the value of the difference between imported and exported goods and services. A positive trade balance means that more goods and services were exported than imported. A rising trend means that the nation's currency is growing stronger, because the higher the demand for exports, the higher the employment and production rates in the exporting country. This usually means that foreigners will convert their currencies to purchase the currency of the exporter.

CPI-Consumer Price Index In simple terms, CPI measures the increase of price in a fixed basket of goods and services (such as food, transport, housing etc'). A higher CPI means that the price of the basket has increased and it now costs more to buy the same basket of goods. A rising trend has a positive effect on the economy (and consequently on the currency), because it reflects that people are able to purchase the goods and services despite the price increases.

Real Estate:

US: New Home Sales: The new home sales figure serves as a great indicator for the general direction of the economy. An upwards trend in new home sales suggests that all is well in the construction industry and that the nation's consumers can afford to make large purchases. New home owners tend to purchase a large amount of goods, while construction companies need to hire workers and buy materials, thus creating a positive ripple effect in the nation's economy and an encouraging effect on its currency.

US: Pending Home Sales: measures activity in existing (not new) home sales. This includes single-family homes, condos and co-ops. The higher the demand for housing, the better the economy is doing, because people must feel comfortable enough in order to invest in homes. Also, such investments are usually accompanied by purchases-electronic equipment, furniture-and revenues for realtors, both of which are good for the economy.

US: Housing Starts measures how much construction began on new residential buildings. The higher the number, the better that nation's currency, because it indicates that the construction industry is healthy and that people are investing in it.

Manufacture:

US: ISM Mfg Index measures the activity of purchasing managers in the manufacturing sector. A rising trend means that the nation's currency is growing stronger. Purchasing managers are good indicators since they have access to a company's performance, which oftentimes goes hand in hand with overall economic performances.

Industrial Production measures the value of output produced by factories, mines, and utilities. A rising trend means that the nation's currency is growing stronger, because high values indicate that large amounts of product are being manufactured and sold, and hence that people earn and spend money.

Producers Price Index examines differences in the selling prices of goods and services within Euro-zone producers. Since producers tend to increase retail prices as a result of higher production costs, PPI may be counted as an indicator for inflation. A higher PPI may result in higher interest rates determined by the European Central Bank. A falling PPI points at declining prices, and thus hints at an upcoming economic recession.

Durable Goods Orders: measures the value of goods with a life expectancy of more than 3 years, purchased by consumers looking for domestic manufacturing. This indicator predicts how busy the manufacturers are likely to be, since they need to work to fill the orders. Therefore, a rising trend will have a positive impact on the nation's currency.

Rate Announcements:

UK: BOE Announcement - the Bank of England (BOE) Monetary Policy Committee (MPC) votes every month on where to set the nation's short-term interest rate.

EU:ECB Announcement - the European Central Bank (ECB) Governing Council votes every month on where to set the union's short-term interest rate.

US: FED Announcement - the Federal Open Market Committee (FOMC) votes eight times a year.

Shortly after each vote, the outcome is released (the BOE Announcement; the EU:ECB Announcement, and the FED Announcement). It is accompanies by a brief commentary on the economic conditions that effected the outcome. Interest rates depend mostly on inflation. The objective is to keep prices stable, so when inflation rises above an annualized rate of 2%, banks will usually raise interest rates in order to bring prices down. High interest rates attract foreign investors, who increase the demand for that nation's currency. This is to say that a rising trend in interest rates has a positive effect on the nation's economy.

FOMC Meeting Minutes:

The Federal Open Market Committee (FOMC) Meeting Minutes give people insight into the decisions that have been made with regard to interest rate and policy shifts.

Surveys:

EU: ZEW (Zentrum für Europäische Wirtschaftsforschung) Survey provides the opinions of financial experts with regard to the economic outlook for Europe. Every month the difference between investors that expect a growth in the economy and those that expect a decline is measured.

US: Chicago PMI measures the health of the Chicago business environment. Every month purchasing managers respond to a survey with regard to their organization's activity (whether it is higher than, the same as, or lower than it was in the previous month) in terms of output, purchases, employment, inventories, orders, and prices.

NET TIC-Treasury International Capital (TIC) Reviews the flow of money market funds (such as stocks, bonds etc') to and from the United States. The key figure, expressed in millions of dollars, represents the difference between American spending of foreign securities and foreign spending of American securities. This is a major indicator of the American economy and gives insight into foreign demand for American investments and dollars. For example, if the US purchased $5 billion in foreign securities and foreigners purchased $20 billion in long-term US securities, then the net reading would be $15 billion.

Consumer Confidence: measures consumer attitudes towards economic conditions, how they evaluate future economic prospects. Higher readings suggest consumer optimism; this is to say that consumers are optimistic about economic prospects. As a result consumers tend to purchase more, which in return stimulates the economy.

Consumer sentiment: Measures consumer attitudes concerning both the present situation and future expectations.

It's derived from a monthly 500-person survey conducted by the University of Michigan. Higher sentiment levels are a leading indicator of rising consumer spending, which accounts for two-thirds of the economy.

A few more things worth knowing:

• In general it can be said that news releases that follow expected reports do not cause strong market movements.


• Differences between the market expectations and the news release may cause market volatility which in turn might lead to a developing trend in a specific direction.


• Such opportunities are usually short-lived; they may last for only a few minutes or even a few seconds.


• Markets in which constant movements occur will usually not be as strongly affected by news releases. A quiet market may move more significantly because of a news release.

DON'T FORGET : No matter how many current events you follow and news releases you absorb, and no matter how familiar you are with the Foreign Exchange market and its trends--Trading always involves a risk!!!

Using the Forex Calendar and Forex News

Market news

Latest Headlines:

• EURO SLIGHTLY HIGHER AGAINST THE DOLLAR
• USD/JPY BREAKS THE 95 BID ZONE

Latest Headlines from Financial Times:

• Zloty benefits as banks seek to soothe
• Central Europe acts to bolster currencies
• Safe appeal of yen wanes
• Eurozone lurches deeper into recession

Forex Calendar

The economic events calendar provides you with the latest indicators and economic events from around the world. Using eToro’s Forex calendar will help you make better trading decisions. To learn more about economic indicators see our market news page for detailed description of different Forex related events.

eToro Forex Calendar

Forex trading is serious business where big money changes hands within seconds. As with any serious business one needs to be aware of the current market situation at all times and have one's finger always on the pulse.

This is why we are proud to introduce the eToro forex calendar, a tool that you will shortly come to heavily rely on for your trading decisions. Our forex calendar is located in a screen easily accessible from the main platform screen, so you can check the forex calendar at any point during your trading activity.

The forex calendar is a tool that tells you when major events take place in the world of forex. By major events we mean announcements and figures release by various financial institutions and policy making bodies. These announcements have a major effect on the forex market since they give clear indications of various factors in global economies. The principles of fundamental analysis state that because currencies are invariably affected by their respective economies, by observing the changes in global economies one can predict the movements of currencies in the forex market.

Another reason that a forex calendar is a tool that is crucial to forex traders is that it determines the time when forex traders will choose to trade. Due to the fact that these financial announcements present hard figures that reflect the state of global economies, most traders and major financial institutions will open trades based on these figures immediately after the announcements. This means that the forex market is particularly volatile in the short time after each announcement, with currency rates rising and dropping radically. Radical changes in the forex market mean the opportunity to make bigger profits (although it is riskier to trade during these times). It is important that you consult the eToro forex calendar on a daily basis at least, because you may want to save your trading till after a particular announcement.

In the forex calendar you will have a few indicators to look out for. First and foremost you must of course note the date and time of the announcement. The next thing will be the currency that the particular announcement will affect. Most announcements in the forex calendar affect only one single currency. Announcements that have a more international scope are very rare. The most important thing about a forex calendar event is its impact – indicated in the eToro calendar by the color of the flame next to the event's name, ranging from yellow to red. Simply put, yellow means that you can afford to skip this one, while red means that you should put aside anything else you have going at that time and give your undivided attention to this announcement.

The forex calendar is something that you should plan your week around as a forex trader. Use the eToro forex calendar to become more aware of the global situation in the forex market, and of course to become a better and more successful trader.

Forex Market News - Instructions For Withdrawing Funds

Market news

Latest Headlines:

• JPY higher against the Dollar
• Dollar correcting some losses against the US Euro
• Dollar fighting back

Latest Headlines from Financial Times:

• Sterling extends losses as BofE cuts growth forecast
• Crisis prompts Bank to boost money supply
• Japanese retail investors go long of yen
• UK jobless total rises to 1.97m

Withdrawing Funds

Want to withdraw funds from your account? No problem!

eToro makes sure that taking money out of your account is as simple as putting it in.

Please follow these steps:

• Log into eToro using your Real Trading account username and password.
• Click "Account Balance".
• Click "Withdraw".
• Enter the amount you would like to withdraw.
• Select the payment method by which you would like to get funded (* eToro reserves the rights to refund traders via the original payment method they used when initially funding their trading account).
• Click "Submit".
• Print out the withdrawal form.
• Click “Submit Request” (to review your withdrawal request, go to the “Cashier” section, then go to “History”).

First time withdrawal requests must be accompanied by:

• A copy of Passport / Photo ID
• A copy of both sides of the Credit Card that has been used to fund the trading account
• A copy of a recent utility bill

If at any point you encounter problems please do not hesitate to contact us at: support@eToro.com. If you have specific funding and/or billing questions and concerns, contact us at: accounting@eToro.com. We are committed to assisting you in every way possible.

Traders are required to send signed withdrawal requests every time they wish to withdraw funds. While we realize that this is inconvenient to you and while we apologize for the hassle, this is an anti-money-laundering policy that we must abide by (*eToro reserves the rights to delay and/or stop withdrawal requests until final approval has been received).

Withdrawal requests take five business days to process (*some withdrawal methods are carried out by a third party and therefore delays may be beyond eToro’s control). If at any point before process completion you wish to cancel your request, simply go to the “Cashier” section. You will be notified via email once the processing of your withdrawal request has been completed.

Credit card withdrawals are limited to Visa credit cards, and are subject to the credit card company's approval.

For Your Information:

• eToro reserved the right to combine any withdrawal requests that are made within 24 hours by the same payment method into one payment.
• eToro reserved the right to allow bonus withdrawals only after all bonus policy requirements have been fulfilled (to view our bonus policy please visit the Terms and Conditions section).
• Wire transfer withdrawals are subjected to a $25 fee. Bank draft withdrawals are not subjected to any fees.

Forex Market News Plus Deposit Instructions

Market news

Latest Headlines:

• Sterling Volatility picks up
• Euro continues to plod higher vs the Sterling

Latest Headlines from Financial Times:

• Russian debt worries hit euro
• Pound goes further, pulling away from parity
• UK trade deficit narrows
• Rouble stabilises after rate rise

Funding your account

Depositing funds into your eToro trading account is fast and straightforward. Simply follow these easy steps and you’ll be ready to trade in no time. For your convenience, we have provided various methods with which you can fund your account, simply choose whichever method you prefer. (*To ensure absolute security and privacy of transactions and data, eToro uses Secure Socket Layer technology.)

In order to start trading you must first create an eToro trading account. In order to do that you must first download the forex software and install eToro. Once you’ve completed this step, you can proceed to open a Real Account. This will provide you with a username and password which you must use to log in. Once you’ve done this, go to “Account Balance,” then to “Deposit”.

You can now deposit funds into your eToro trading account. Below you’ll find instructions showing you how to deposit via Credit Card, Wire Transfer, Paypal, Neteller, Western Union, Moneygram and Webmoney.

Credit Card:

To deposit via Credit Card, please click the “Credit Card” option.

Complete the given form.

Within minutes your account should be credited with funds. (If your request is not approved you will be notified via email).

* The following limitations apply when funding your account via Credit Card:

Minimum Single Deposit Limit: $50
Maximum Single Deposit Limit: $1,000
Maximum Deposit Limit per Month: $5,000

Wire Transfer:

To deposit via Wire Transfer, you must click the “Wire Transfer” option after having clicked “Deposit”.

Enter the amount you wish to deposit.

Click "Continue".

Presently you will receive your Wire Transfer details.

Print this information out.

Go to any bank and forward your Wire Transfer to eToro's bank.

Indicate the transaction reference number in Payment Details field.

Within 5 days you shall receive a bank confirmation.

This confirmation will indicate that your trading account has been credited (you will receive an email notification).

* The following limitations apply when funding your account via Wire Transfer:

Minimum Single Deposit Limit: $500
Maximum Single Deposit Limit: $5,000
Maximum Deposit Limit per Month: $10,000

PayPal:

IMPORTANT: If you wish to credit your eToro account via PayPal you must have an existing PayPal account.

To deposit via PayPal, click the “PayPal” option after having clicked “Deposit”.

Enter the amount you wish to deposit.

You will be redirected to the PayPal website where you will be asked to enter your email and password in order to log in.

Review the transaction and once you've made sure that all the details are correct, click “Pay”.

Within minutes your account should be credited with funds. (If your request is not approved, you will be notified via email).

Means of funding your PayPal account

Country	Methods
Ireland	3V, AMEX
Italy	Visa Electron, PostePay, Aurora
France	Aurora, Confimoga, Cofidis
Netherlands	Giro bank transfer
United Kingdom	Maestro, Visa Electron, AMEX, Solo, Direct Debit
Spain	Aurora, Bank Transfer
China	ICBC, CMB, CCB, ChinaPay
All countries	Visa, MC, Bank Transfer

* The following limitations apply when funding your account via PayPal:

Minimum Single Deposit Limit: $50
Maximum Single Deposit Limit: $5,000
Maximum Deposit Limit per Month: $10,000

Western Union:

To deposit via Western Union you must visit an authorized Western Union office. To locate the nearest Western Union office please click on "Choose Western Union Agent". In some countries it is possible to transfer the funds online.

Transfers should be made to:

Receiver: Oana Raluca Timofte:
City: Limassol
Country: Cyprus EURO (Choose Option 1: Cyprus EURO)

You will now be issued a Money Transfer Control Number (MTCN)

Contact our Customer Support Department at: support@retailfx.com and provide them with the following information:

1. Your full name
2. Transaction amount in USD
3. Currency
4. City and country from which the money was sent
5. The MTCN (a 10 digit number)

Within fifteen minutes your account should be credited with funds.

** To know more about RetailFX Limited, please see information below.

* The following limitations apply when funding your account via Western Union:

Minimum Single Deposit Limit: $500
Maximum Single Deposit Limit: $5,000
Maximum Deposit Limit per Month: $10,000

MoneyGram:

To deposit via MoneyGram you must visit an authorized MoneyGram office. To locate the nearest MoneyGram offices please click on "Find MoneyGram Agent". In some countries it is possible totransfer the funds online.

Transfers should be made to:

Receiver: Oana Raluca Timofte:
City: Limassol
Country: Cyprus EURO

After deposit, you will be issued with a Transaction Reference Number

Contact our Customer Support Department at: support@retailfx.com and provide them with the following information:

1. Your full name
2. Transaction amount in USD
3. Currency
4. City and country from which the money was sent
5. The MTCN number (a 8 digit number)

Within fifteen minutes your account should be credited with funds.

** To know more about RetailFX Limited, please see information below.

* The following limitations apply when funding your account via Western Union:

Minimum Single Deposit Limit: $500
Maximum Single Deposit Limit: $5,000
Maximum Deposit Limit per Month: $10,000

Neteller:

To deposit via Neteller, you must click the “Neteller” option after having clicked “Deposit”.

Complete the given form, including your Secure ID and Neteller account number.

Within minutes your account should be credited with funds. (If your request is not approved you will be notified via email).

* The following limitations apply when funding your account via Neteller:

Minimum Single Deposit Limit: $50 
Maximum Single Deposit Limit: $10,000

Moneybookers:

IMPORTANT: If you wish to credit your eToro account via Moneybookers you must have an existing Moneybookers account.

To deposit via Moneybookers, click the “Moneybookers” option after having clicked “Deposit”.

Enter the amount you wish to deposit and your Moneybookers account email (If you don’t have a Moneybookers account, click “click here” at the bottom part of the page).

You will be redirected to the Moneybookers website where you will be asked to enter your password in order to log in.

You will then have 2 options: depositing from your account balance at Moneybookers, or depositing by one of the following credit cards: JCB, Diners, or American Express.

Means of funding your Moneybookers account:

Country	Methods
Denmark	Dankort
Italy	Postepay, CartaSi
France	Carte Blueue
Germany	Giropay, Sofortuberweisung, Lastschrift (ELV)
Austria	EPS, Maestro
Australia	Poli
Netherland	iDEAL
Poland	Przelewy24
Singapore	Enets
UK	Solo, Maestro
Finland, Sweden	Solo
Spain	Maestro
Other	JCB, AMEX, Dinners, Delta/Visa debit card, VISA electron

Review the transaction and once you've made sure that all the details are correct, click “Pay”.

Within minutes your account should be credited with funds. (If your request is not approved, you will be notified via email).

* The following limitations apply when funding your account via Moneybookers:

Minimum Single Deposit Limit: $50 
Maximum Single Deposit Limit: $5,000

WebMoney

To deposit via Webmoney, click the “WebMoney” option after having clicked “Deposit”.

Enter the amount you wish to deposit and your WebMoney ID (If you don’t have a WebMoney account, click on the “click here” at the bottom part of the page).

You will be redirected to a WebMoney page where you will be asked to approve the transaction details. Approve the details by clicking the “Pay” button.

Then you will be asked to choose the way to authenticate yourself, and click “Next”.

The next page will show the final details of the transaction. If you have more than one WebMoney purse defined in your WebMoney account, please select it, and click “Confirm and Payment”.

Within minutes your account should be credited with funds. (If your request is not approved, you will be notified via email).

Means of funding you WebMoney account:

Country	Methods
Dollar countries	WMZ prepaid card
Euro countries	WME prepaid card
Russian countries	WMR prepaid card
Ukraine	WMU prepaid card
All countries	Bank transfer

* The following limitations apply when funding your account via WebMoney:

Minimum Single Deposit Limit: $50

Maximum Single Deposit Limit: $50,000