eToro Overview
| Website | etoro.com |
| Year Founded | 2006 |
| Countries of Registration | Seychelles, United Kingdom, Cyprus, Australia, United States |
| Website Languages | English, Spanish, Italian, German, Russian, Chinese, French, Arabic, Polish, Dutch, Norwegian, Portuguese, Swedish, Czech, Danish, Romanian, Vietnamese, Finnish |
| Regulators | SFSA, FCA, CySEC, ASIC, SEC |
| Broker Type | MM |
| Dealing | A-book, B-book |
| Minimum Deposit | $200 |
| Account Currencies | USD |
| Spread | high |
| Trading Platforms | eToro |
| Trading Assets | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities |
Brief look at eToro
eToro is a globally renowned social trading platform, offering a unique approach to forex and CFD trading through its innovative copy trading feature. Established in 2007 and regulated by multiple top-tier authorities, including the FCA, CySEC, and ASIC, eToro has become a popular choice for traders of all experience levels. The platform allows users to follow and copy successful traders, making it particularly appealing to beginners seeking to learn and profit from experienced professionals. Beyond social trading, eToro offers a diverse range of instruments, including forex, stocks, ETFs, commodities, and cryptocurrencies, making it a versatile platform for portfolio diversification. Its proprietary platform is user-friendly and comes with robust analytical tools, catering to both novice and seasoned traders. However, while eToro's zero-commission stock trading is a standout feature, its relatively high spreads and inactivity fees may deter cost-conscious traders.
Pros
- Unique copy trading feature for following successful traders
- Regulated by multiple top-tier authorities (FCA, CySEC, ASIC, etc.)
- Offers a wide range of instruments, including cryptocurrencies and stocks
- User-friendly proprietary platform with robust analytical tools
- Zero-commission stock trading for non-leveraged positions
- Integrated social features for sharing insights and strategies
Cons
- Relatively high spreads compared to other brokers
- Inactivity fees applied after 12 months of non-use
- Limited options for advanced trading platforms like MT4 or MT5
- Withdrawal fees for certain transactions
- Customer support may have delayed response times during peak periods
Is eToro available in my country?
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eToro accepts clients from United States!
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eToro Reviews
eToro is an excellent investment app for both stocks and crypto trading. The copy trading feature is amazing, allowing me to follow successful traders easily. Highly recommend for beginners!
3/10/2024The trading experience with eToro is solid. Their demo account helped me get started, and the platform is user-friendly. However, the fees for forex trades could be lower.
4/5/2024Great broker for diversified investments! I use it for stocks, bitcoin, and options trading. The wallet feature is secure, and the minimum deposit is reasonable.
2/15/2024While eToro’s trading platform is intuitive and easy to download, their customer service can be slow at times. Copy trading is great, but the fees for withdrawals are a bit high.
3/25/2024I love eToro’s wallet for storing my crypto and the ease of login to the app. The minimum deposit is accessible, but the inactivity fees are disappointing if you take a break from trading.
4/12/2024Leave a Review
Is eToro regulated?
| Companies | eToro (Seychelles) Limited, eToro (UK) Ltd, Etoro (Europe) Ltd, eToro AUS Capital Limited, eToro USA Securities Inc. |
| Countries | Seychelles, United Kingdom, Cyprus, Australia, United States |
| Regulators | SFSA, FCA, CySEC, ASIC, SEC |
| Investor Protection | Investor Compensation Fund (ICF) |
| Investor Protection Size | €20 000 |
| Publicly Traded | |
| Segregated Accounts | |
| Guaranteed Stop Loss | |
| Negative Balance Protection |
eToro Account Types
| Property | eToro |
|---|---|
| Deposit | $200 |
| Lot Size | 0.01 lots |
| Spread Type | Floating |
| Execution | Instant |
| Min Spread | 1 pip |
| Fee | No |
| Max Leverage | 1:30 |
| Stop Out | 50% |
| Margin Call | 100% |
Additional Features
- Demo Account
- VIP Account
- Swap-Free Account
- Copy Trading
- VPS
- PAMM/MAM Accounts
eToro Funding and Fees
| Base currencies | USD |
| Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, PayPal, Skrill, Neteller, Klarna, Rapid Transfer, Trustly |
| Inactivity fee | $10 per month after 12 months |
| Interest on margin | |
| Withdrawal Fee | $5 |
eToro Trading Platforms and Conditions
| Trading Platforms | eToro |
| Execution Speed | 0 ms |
| Scalping | |
| Expert Advisors (EAs) | |
| Depth of Market (DOM) | |
| Spread | high |
eToro Trading Assets
| Currencies | 47 |
| Indices | 13 |
| Stocks | 2500 |
| Cryptocurrencies | 112 |
| Bonds | 0 |
| Metals | 7 |
| Energies | 2 |
| Soft Commodities | 4 |
| ETFs | 250 |
Education and Analytics
| Economic Calendar | |
| Indicators | |
| Robots | |
| Signals | |
| Autochartist | |
| Expert Analytics | |
| News Feed | |
| Education Articles | |
| Webinars | |
| Seminars |
eToro Support
| [email protected] | |
| Phone | +1800778439 |
| YouTube | YouTube |
eToro vs Competitors
| Features | eToro | Plus500 | Trading 212 | XTB | IG | AvaTrade |
|---|---|---|---|---|---|---|
| Type | MM | MM | MM | MM | MM, DMA | MM |
| Minimum Deposit | $200 | $100 | $10 | $1 | $1 | $100 |
| Regulators | SFSA, FCA, CySEC, ASIC, SEC | CySEC, FCA, ASIC, NZ FMA, FSCA, SFSA, EFSA, MAS, CFTC, NFA | FCA, FSC, CySEC | BFSC, KNF, AMF, ACPR, FCA, CNMV, DFSA, BaFin | FCA, BMA, BaFin, FSAN, AFM, CONSOB, CNMV, ACPR, FI, FINMA, NFA, CFTC, ASIC, NZ FMA, JFSA, JFFA, MAS, FSCA, DFSA | Central Bank of Ireland, KNF, FCA, BVIFSC, ASIC, FSCA, JFSA, JFFA, FSRA, ISA, CIRO |
| Platforms | eToro | Plus500 | Trading 212 | xStation | MetaTrader 4 (MT4), IG Trading Platform, L2 Dealer | MetaTrader 4 (MT4), MetaTrader 5 (MT5), AvaTradeGO |
| Spread | high | average | average | average | average | low |
| Leverage | 1:30 | 1:30 | 1:30 | 1:500 | 1:200 | 1:400 |
| Assets | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft Commodities, Cryptocurrencies | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities |