eToro Review: Detailed Analysis & Insights

Explore our thorough eToro review where we evaluate key aspects such as trading platforms, account options, fees, and customer support. Gain the insights you need to decide if eToro aligns with your trading goals.

eToro Logo

eToro Overview

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?

We just checked and

eToro accepts clients from United States!

Start Trading

Your capital is at risk

eToro Reviews

4.2/5
5 reviews
CryptoFanatic

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!

3/10/2024
ForexGuru88

The 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.

4/5/2024
InvestorPro

Great broker for diversified investments! I use it for stocks, bitcoin, and options trading. The wallet feature is secure, and the minimum deposit is reasonable.

2/15/2024
TechieTrader

While 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.

3/25/2024
SavvyInvestor

I 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.

4/12/2024

Leave 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

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
Funding 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

eToro vs Competitors

FeatureseToroPlus500Trading 212XTBIGAvaTrade
TypeMMMMMMMMMM, DMAMM
Minimum Deposit$200$100$10$1$1$100
RegulatorsSFSA, FCA, CySEC, ASIC, SECCySEC, FCA, ASIC, NZ FMA, FSCA, SFSA, EFSA, MAS, CFTC, NFAFCA, FSC, CySECBFSC, KNF, AMF, ACPR, FCA, CNMV, DFSA, BaFinFCA, BMA, BaFin, FSAN, AFM, CONSOB, CNMV, ACPR, FI, FINMA, NFA, CFTC, ASIC, NZ FMA, JFSA, JFFA, MAS, FSCA, DFSACentral Bank of Ireland, KNF, FCA, BVIFSC, ASIC, FSCA, JFSA, JFFA, FSRA, ISA, CIRO
PlatformseToroPlus500Trading 212xStationMetaTrader 4 (MT4), IG Trading Platform, L2 DealerMetaTrader 4 (MT4), MetaTrader 5 (MT5), AvaTradeGO
Spreadhighaverageaverageaverageaveragelow
Leverage1:301:301:301:5001:2001:400
AssetsCurrencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft CommoditiesCurrencies, Indices, Stocks, ETFs, Metals, Energies, Soft CommoditiesCurrencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft CommoditiesCurrencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft Commodities, CryptocurrenciesCurrencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft CommoditiesCurrencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities

FAQ

Is eToro safe?

How does eToro make money?

What is the minimum deposit for eToro?

How do I deposit funds in a eToro account?

How do I withdraw money from eToro?

How much is the maximum leverage at eToro?

What trading platforms does eToro offer?

Start Trading

Your capital is at risk