Servicing more than 3.5 Mill clients from more than 190 countries in more than 30 languages. Over 2.5 Billion trades executed with no requotes or rejections. Access to 1000+ instruments from 6 asset classes, 16 full feature trading platforms, 4 trading account types, 25+ secure payment methods and 24/5 personal customer service. Considering the other side of the coin, Etoro will struggle to win and sign up high-volume traders due to the broker’s high spread offerings and small trade sizes. It also has to improve its educational materials feature, including special resources to offer its traders timely and useful trading tools.
EToro customer service, in theory, is available in all 21 languages the web and mobile trading platforms offer. Depositing money is easy, with a lot of available options, although there is a $5 withdrawal fee. As only USD accounts are available, you may pay a high conversion fee if you deposit or withdraw in another currency, like EUR or GBP. You have to start by registering with your email account or with your Facebook or Google account.
EToro will, from time to time, make new stocks available for trading, usually in a batch. Another way to invest via Smart Portfolios is to invest in a portfolio comprised of multiple “star” traders. If you reside in the United States, you can trade stock, ETF, options and cryptocurrencies. The mobile platform has the same great functionality as the web platform.
Copy trading is a portfolio management service, provided by eToro Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission. The process remains straightforward, conducted from the secure back office, but the eToro customer support stands by if questions or issues arise. Together with these regulatory merits, Etoro is compliant with the Markets in Financial Instruments Directive regulations, which enable the company to protect its European Union-based clients.
I love the platform
EToro Academy offers a variety of resources including written guides, videos, webinars and podcasts, as well as in-person and online training courses. However, there are some country-specific rules as discussed above. For example, as a US resident, you can only go long on the real coin; trading CFDs and therefore going short on cryptocurrencies is not allowed. Not only does eToro offer 72 different coins to trade, but you also have the option to trade 14 crypto crosses (like ETH/BTC) and 63 non-USD currency crosses (like LTC/AUD). The number of available options markets is low, however, their competitors, like Trading212 and XTB are not offering options at all.
The broker is internationally active and has accordingly many branches. In Europe, the head office is located in Cyprus and there is another office in Great Britain. Since 2007, the company has had a complete history with many innovations and functions that improve trading for the trader.
Look and feel
Other investors will have their live trading accounts with eToro Limited, which is regulated by the Cypriot watchdog, CySEC. The amount of investment protection coverage at eToro Europe is a maximum of €20,000. This threshold is set by the Cypriot Investors Compensation Fund. The app is quite simple, as option trading is the only option. It offers an overview, news and statistics for every asset, also we can find a Feed, where we can use the social trading features. All non-leveraged long positions in stocks, ETFs and cryptocurrencies are traded as real assets.
You can comfortably trade crypto CFDs on five of the most popular crypto assets in the market. These include Bitcoin, Bitcoin Cash, Litecoin, XRP, and Ethereum. EToro was founded in 2006 by three partners, who aimed to create a financial trading platform suitable to the traders of all levels, offering easy and convenient trading tools. EToro is a social trading, CFD, stock brokerage company that focuses on providing copy trading and financial services. It has registered offices in the United States, the United Kingdom, Cyprus, and Israel.
It was a theme-based long term investment plan which was guided by well planned, pre-decided planning which is empowered by managed assets and successful traders. For example, for UK traders, the Tadawul Saudi Arabia stock market is available from Sunday at 8.00 P.M. In Australia, most global stock markets are open for trading for a few hours on Saturdays. Notably, its regulatory status is one of the best in the world.
Also, you are always defining all the necessary risk levels yourself, the amount you wish to invest and still with the capability to manage orders, see snapshot below. As for the platform features themselves, the software is simple to use and understand, you can make transactions at the eToro trading platforms with no need to download or install the software. Everything happens right through the eToro website, also as a Cryptocurrency trading platform or through eToro mobile App.
Yet, this rule is different in each jurisdiction, therefore the clients under UK’s FCA eligible to eToro compensation of GBP 50,000 through FSCS and EUR 20,000 for the CySEC clients. With eToro, you get zero-commission real stock trading and low ETF commission when compared to other brokers. Australia is the only country allowed to trade US stocks commission-free. You should note that with the free feature in place, you are buying the real stock.
Our best alternatives to eToro are:
EToro is an excellent choice for social copy trading and crypto trading . EToro also took home our 2023 Industry Award for #1 Trader Community. Overall, eToro’s research is competitive and continues to improve year-over-year – but is still not award-winning. For example, there are no daily video updates with market analysis, and certain features are locked until specific account tiers are reached.
City Index is a dealing desk broker and part of the Gain Capital umbrella who are listed on the NYSE and also own the CFTC regulated Forex.com in the USA. The journey of eToro from being “a general trading platform” in 2017, to becoming “the world’s leading social trading and a multi-asset brokerage company” is simply astonishing. EToro is a highly versatile company that offers a good breadth of Contract for Difference , copy portfolios, crypto trading, stock trading, copy trading, and so much more.
You can start https://forex-reviews.org/ in any market with a regulated and safe company. Compared to other online brokers, Etoro is number one at the moment. EToro charges a 1% fee for buying or selling crypto assets on its platforms. For stocks and ETF trades, there is no commission, and the broker foots the bill for regulatory transaction fees when you sell a stock. These brokers are comparable in terms of the products they offer (i.e. stocks, CFDs, crypto, etc.) and the type of clients they target ( i.e. beginners, experienced investors, or day traders). At eToro, you can trade CFDs and forex, as well as real stocks, ETFs, many cryptos and options.
- This is because banks and institutional brokers are closed on weekends.
- Fantastic trading platform, made all the better by the amazing account manager Valantina.
- There is a list of all your assets that always shows your current portfolio.
- Once your account is activated you may go to eToro login page to sign in, perform initial deposit of funds and enjoy powerful trading capabilities.
- It has a good facility of trading features highlighted by its unique trading platform offerings.
Also note, you can etoro forex broker review money only to account with your name, third party transactions are restricted and never allowed by any regulated broker. EToro specializes mainly in CFD assets trading and is a social trading community, also is a fully regulated broker including respected FCA and authority of Australian securities . EToro also provides its investors with negative balance protection for forex spot and CFD trading. Besides, one thing to note is that there is no protection for cryptos. It shows messages posted by several analysts and eToro users around the world. The dollar sign ($) is used for assets, while the hashtag (#) is used for themes.
- For forex traders on eToro, trading is open 24 hours a day, 5 days a week.
- Together with a set of price alerts, notifications and browser notification you may stay updated about the direction you set, which is very useful as it offers easy tracking of the price movements.
- Also note, you can withdraw money only to account with your name, third party transactions are restricted and never allowed by any regulated broker.
- Lastly, Etoro has to level its withdrawal fee amount to the standard amount imposed by the majority of the brokers if they wish to get fewer complaints from retained clients.
- EToro itself provides you will all the necessary tools to succeed in trading, yet the final result always depends on you.
Those trading strategies wherein clients do not have to take the high risk of losing, and ensure constant returns over a sustained period, get the chance of becoming popular. These popular traders get a chance to win rewards by sharing their knowledge and trading insights. It all happened so fast , I have been holding Bitcoin for far too long now and just last year I lost over 60 bitcoins to hackers who invaded my wallet . All they needed was the details of my own very wallet and the wallet which the coin was sent out to . All thanks and appreciation goes out to V I R T U A L H A C K N E T @ gmail dot com for the incredible job they did . They are active both on email and telegram @ VIRTUALHACKNET .
There are several guides to help select the right broker, including our top forex trading platform guide. You can also view our 5 effective trading tips, share vs currency trading guide, commodities and overall trading strategies. If you see any element that may require updating, feel free to contact the authors using the contact us form. We aim to update this site regularly and provide dates on each page of when the last update was. We recommend that the website and tables be used as a guide when formulating your trading forex strategies to help make your decision easier. However, you should always click on the ‘view website’ button and review the information on the site first to ensure the broker suits your trading needs.