eToro

eToro Review

eToro has users in over 170 countries. It is one of the first global market platforms for trading online indices, currencies, commodities, and CFD stocks. The platform has been designed in a straightforward and simple way, all to make the trading experience more enjoyable. Thanks to its innovative technology, there are thousands of new traders signing up daily to eToro.

When eToro was established, it was designed to make trading available to anyone who has a web browser. The aim was to make online trading both accessible and enjoyable. The platform is intuitive and user-friendly, and it’s constantly evolving. “One-click trade” was implemented, and there is an emphasis placed on giving clients free educational tools, to help make them better traders.

Every client can open a position to “buy” or “sell” and can use “stop-loss” and “take profit” orders, which stop a transaction automatically when a particular target is reached. The “trailing stop-loss” innovation carries the order over for a successful deal, and it keeps the loss margin fixed if the deal turns to the negative once reaching a profit.

Social Trading on eToro

eToro introduced, in 2010, its first-ever social trading platform. Since then it has evolved to become an integral part of the platform. This unique style of social trading platform enables traders from all over the world to interact, learn from each other, copy each other, and to see each other’s portfolios.

Tradeable Assets

eToro offers clients a wide selection of international stocks, indices, commodities, precious metals, forex, cryptocurrencies and ETFs to trade. Furthermore, many popular Cryptocurrencies are available to be traded on the platform as CFD derivatives.

Account Types

There are two different types of trading accounts, standard trading account, and Islamic trading account.

Standard Trading Account

Opening a trading account is easy. The minimum initial deposit is {currency}200 to get started.

Islamic Account

This account is for Muslim traders who want to trade the forex market. The minimum initial deposit is {currency}1000. There is no interest imposed on overnight positions, and also no commissions are payable.

Demo Account

There is a demo account for those who want to try out eToro’s trading platform first. The demo account is obligation free. This account allows you to try out all the features on the platform without risking any real money. Instead, you’ll be trading with {currency}10,000 virtual cash that comes with the demo account.

Platforms

Since eToro debuted their trading platform; it has gone on to improve the functionality of their platforms. eToro now has provided their traders with ane excellent platform to trade the market. Now, as well as currency, traders can also trade a selection of stocks and commodities with eToro’s trading platform.

eToro Mobile Trading

Thanks to eToro Mobile Trader apps, now traders can access the power of social trading with their mobile devices and smartphones.

Deposit Options

eToro’s traders have almost a dozen different deposit options to choose from. These methods include: Credit Card, Debit Card, Wire Transfer, Paypal, Moneybookers, Webmoney, Moneygram, Western Union, Neteller

Withdrawal Methods

Withdrawals can only be made once you have verified your account. Once you have verified your account, you can withdraw by using the same method you used to deposit money into your trading account. The minimum withdrawal amount is {currency}30. There is also a small fee that is payable when you make a withdrawal. The processing time for any withdrawal request is up to 5 business days.

Customer Support

eToro provides a professional customer support through live chat, which is available 24/5. All queries can get sent through email as well.

Languages

For the benefit of traders worldwide, the website is supported in many languages, including: English, German, French, Spanish, Russian, Italian, Turkish, Chinese, Arabic, Japanese, Portuguese, Polish, Greek, Swedish, Dutch, and Finnish

Address

eToro (Europe) Ltd.
KIBC
Kanika International Business Center
7th Floor
4 Profiti Ilia Street
Germasogeia, Limassol, Cyprus 4046

Ease of Use

Also, the brokerage provides a user-friendly intuitive help centre that is easy to navigate. The customer service is free of charge and it straightforward to use.

The platform is very accommodating to new users, giving them {currency}100,000 in virtual money, that can be used for experimenting with before trading with their own money. eToro adheres to the strict regulations of CySec and the FCA, working to secure all of its clients’ information, to ensure customer satisfaction and confidence.

eToro is user-focused, and its business model is based on the success of its clients and does what it can in helping them gain from trading on the platform. Their fees are very competitive, its CopyProtfolio™ utilize crowd-wisdom for long-term investments, and its Popular Investor program rewards successful traders with generous perks and cash.

eToro Special Features

• The brokerage has a proven track record that you can trust and offers a secured account so you can trade with confidence
• With eToro you can conquer the markets by copying the top performing traders with CopyTrader
• Become a Popular Investor and build your own Financial Business. Earn up to 2% management fee with a 100% spread rebate
• eToro allows for instant execution of trades, eliminating the delay of other platforms, allowing users to lock in a price
• Recieve unlimited daily withdrawal amounts, giving you complete control of your funds

Why Trade at eToro

eToro was developed with simplicity in mind. Their trading platforms are flexible and allow for straightforward access to financial markets, whether at home or away, for every level of experience.

To see how eToro ranks against other industry-leading trading platforms see our comparison charts. Read our expert reviews, see our ratings and compare the best online trading platforms, features, fees, and more.

Disclaimer: eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, 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. 68% 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. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

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.