| General Information | |
|---|---|
| Broker Name: | eToro |
| Broker Type: | Stock, Crypto, CFD |
| Country: | Cyprus |
| Operating since year: | 2007 |
| Regulation: | CySEC, FCA, ASIC |
| Address: | 4 Profiti Ilia Street, Germasogeia, Limassol |
| Broker status: | Active |
| Customer Service | |
| Phone: | 1-888-271-8365 |
| Email: | [email protected] |
| Languages: | English |
| Availability: | 24/7 |
| Trading | |
| The Trading platforms: | Proprietary |
| Trading platform Time zone: | / |
| Demo account: | Yes |
| Mobile trading: | Yes |
| Web-based trading: | Yes |
| Bonuses: | Yes |
| Other trading instruments: | Yes |
| Account | |
| Minimum deposit ($): | $50 |
| Maximal leverage: | 1:30 |
| Spread: | None |
| Scalping allowed: | Yes |
- 1. GENERAL INFORMATION
- 2. FUNDS TRADING AND SECURITY
- 3. THE TRADING ACCOUNTS
- 4. TRADING CONDITIONS
- 5. TRADING PLATFORM
- 6. ETORO’S TRADING PRODUCTS
- 7. CUSTOMER SERVICE
- 8. CONCLUSION
eToro Review
General Information
eToro is quite a well-known firm in the online brokerage world, especially in Europe. That’s in part due to the firm sponsoring multiple prominent football clubs, thus making its name recognizable people worldwide who aren’t even traders. It has numerous branches, one of which operates from Cyprus. The exact address of the office is 4 Profiti Ilia Street, Germasogeia, Limassol. Our eToro review will present an up-to-date picture of the broker that’ll help you decide if you want to sign up. Older brokers often have their own way of doing things which makes them stand out from newbies. Namely, eToro’s website layout is almost entirely different from other brokers. As such, to someone not used to it, it can look a bit difficult to navigate at first. However, the broker’s website is also extremely detailed, meaning you’ll know exactly what you’re getting into. For us, that’s a great tradeoff since you get used to the different layout in no time. Other than the broker’s different approach to designing its website, it also offers a peculiar trading experience. For example, there’s only one account, meaning the playing field is even between high investors and budget traders. Furthermore, it has some unique features, such as the copy trader. We’ll go into more detail about what the broker does differently later in our etoro.com review. For now, we’ll say that it’s an experience that’s vastly different than most brokers you can come across today. And before continuing, we’d like to present some of eToro’s appealing features:
· Strict Regulation
Few brokers bother to ensure that their users feel completely safe while trading or investing. Namely, newer brokers seem to forgo regulation as a whole, banking on their reputation as enough of a security measure. While reputation can paint a precise picture about the broker, regulators still make us feel much more confident. That’s especially true when there’s more than one and when it’s some of the world’s strongest licenses. eToro operates under three watchdogs, ensuring its operations are run lawfully.· Education with eToro
Education is a nice feature to have at your broker, as it can assist you in expanding your skillset rapidly. On top of that, each broker tends to mold their educational experience to its service, making it more efficient. As such, eToro’s educational features include a tutorial on how to use the rare copy trader function. Overall, going through all the materials the broker offers is nearly certain to improve your skill level.· Copytrading
Copytrading, or social trading as some call it, is a controversial topic in the investment world. The data says it improves the chances of the average trader turning a profit. However, many claim it to be a crutch that actually holds back those that rely on it. No matter which side you fall on, you can likely agree that such features can assist new and casual traders. Even if you don’t want to get to know the ins and outs, you can use copy trading to earn a bit on the side.Funds Trading and Security at eToro
Safety is a vital feature for brokers to have, rivaling the importance of their investment or trading services. An unsafe broker can decide to turn away and steal a ton from their users without much issue or repercussion. As such, it’s clear you shouldn’t make any compromises regarding broker safety. Luckily, eToro is one of the safer businesses in the brokerage world due to a lengthy list of reasons. Earlier in our eToro review, we mentioned that the broker had multiple regulators watching its behavior. Those include Cyprus’ CySEC, the UK’s FCA, and Australia’s ASIC. Those in the investment world know that these three are all strong names individually. When you join them together, that speaks volumes about how your firm operates. Additionally, eToro adheres to the European MiFID II regulation, meaning it offers protection to retail users. So from a technical side, there’s no doubt the broker functions entirely validly. However, most people in the trading world like to check out the less objective measures as well. We agree with that approach since it can often show us things that we didn’t know at first. With eToro, that only improves the broker’s image even further. The broker has been operating since 2007, meaning it’s a veteran in the industry. Malicious brokers often close quickly, so the fact that eToro is over a decade old gives us confidence. On top of that, user reviews seem stellar for such an established company, with very few serious complaints. Lastly, as we mentioned earlier in our eToro review, it sponsors multiple large football clubs. Giant teams like those wouldn’t cooperate with a scam, meaning their research deemed eToro valid as well.The Trading Accounts
As we already said, the broker only has one account that’s the same for all traders. That means the playing field is even for all investors, no matter their preferred investment level. Furthermore, the account is quite inexpensive, starting at as little as $50. That means eToro is quite welcoming towards newer users, not asking for a massive investment straight-up. The low eToro minimum deposit, along with its excellent education, makes it quite a good choice for beginners. Another thing that assists newer traders is the MiFID II adherence of the broker. It puts brakes in place that stop newbies from experiencing devastating losses. However, on the other side of the coin, it also allows more experienced investors to flourish. Uncapping the account grants you access to higher risk-reward features, which you can inspect on the eToro regulations page. All you need to do is scroll down to Client Categorization to see the specifics. Naturally, the pro version of the account requires additional documentation, and you can’t just jump into it freely. However, once you collect what you need, you can experience the entirety of eToro’s trading capabilities. If you’re a newer trader, it might sound like that makes you miss out, but you don’t need to worry. The broker’s extra conditions aren’t anything spectacular and are rather small edges.
Trading Conditions
eToro’s trading is quite unique, as we already stated. They include a bunch of rarely seen features, such as copy trading, which we’ve mentioned in our eToro review. Beyond that, there’s also commission-free stock trading, meaning that your trading process is entirely transparent. Beyond that, the accounts are quite fair, with the retail/pro split ensuring safety for beginners. However, even with the split, things remain quite fair and competitive between all traders that use the service. As far as eToro’s assets go, the broker has one of the most diverse services out there. It’s one of the few that offers traditional investing, CFD trading, and crypto investing all in one place. It’s notable that US clients only have access to the crypto section for now due to regulatory differences. eToro fees are mostly lower than competitors, too, with minimal numbers across the board. One thing that you do have to pay for is withdrawing money from eToro. The broker charges $5 for withdrawals, which is still relatively inexpensive considering the account has no other maintenance costs.Trading Platform
eToro’s Trading Products
eToro’s trading product variety is one of the strongest areas of its service. There are few places where you can get CFD, traditional, and crypto assets under one roof. That means all types of traders are welcome at the broker. Notably, eToro fees are different between asset classes, so it’s vital to keep that in mind. Here’s a list of the asset classes at eToro:- Stocks
- ETFs
- Crypto
- Commodities
- Indices
- Forex
- CFDs (Commodities, Indices, Stocks and ETFs, Crypto)
Customer Service
Customer support info is a little difficult to find on eToro’s site, as they prefer that customers use the help center. However, if you need help, their capable team is there to help you resolve any sort of issue. You can reach the team via telephone or email. Phone: 1-888-271-8365 Email: [email protected]
eToro Review Conclusion
eToro is a brokerage that’s unique and strong service-wise. That makes it really stand out and secure a top spot for itself in the online brokerage market. As we mentioned earlier in our eToro review, the broker also goes to great lengths to secure new users. That’s partially why it also tailors its experience to newer users. However, that doesn’t mean the broker is not versatile enough for anyone to use. Without sounding like a broken record, we’d like to quickly go over some things that we believe should convince users to try eToro. Its copy trader creates a great opportunity for beginners and casual traders, while the asset variety is unmatched. On top of that, its security and funding are top-notch, meaning you’re getting the best possible experience. Lastly, it’s a veteran broker that keeps improving, leaving us with great hopes for its future. We want to conclude our eToro review with a definite recommendation. However, we’d say that you should use the demo account first, even if you’re a veteran, to get used to the broker’s particularities.- Tags:
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104 thoughts on “eToro review”
Sounded market analysis
Sound market analysis and great trading tools. I am so far happy and satisfied with my trading results.
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Perfect forex broker
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Excellent signals
Excellent signals. I have traded with several broke in the past but this one got the best signals.
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Transparent broker
Terms are well explained at the start including possible risks. I don’t see any gray areas, very transparent.
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Great brokers
They are worthy of my trust, money, and time. Responsible, honest, and very dedicated trading brokers.
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Excellent
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Good broker
Thumbs up! This broker is good.
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Superb broker
Superb customer support and smart brokers. I am impressed with both signals and services, they outperform most of the brokers.
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Good broker
I just started trading with this broker a month ago. I can say that they really did a good job from the start. I am hoping that service will always be as good as this if not better than this. So far all is good.
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Amazing platform
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Trading here is wonderful.
Trading here is wonderful. Everything is well-organized
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Excellent broker
Excellent forex brokers. I am impressed not only with their services but also with the people. They are very professional and knowledgeable.
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Awesome trading opportunities
Awesome opportunities to earn money. I am earning real good money from their offers. Service and people are both good.
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Happy with this broker
Low fees and fast transactions. Withdrawals are hassle-free and swiftly processed. Happy with this broker.
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Satisfactory
Satisfactory result. I am happy with everything. Services and signals are both great.
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Good brokers
They are good brokers. They let me see their company and regulation prior to trading. Also, they explain all the things I need to know including risk. Very transparent.
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Good services
I am done with my first withdrawal. It is smooth and fast. Hope services will be consistently good.
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Excellent brokers
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Highly recommended
Extraordinary forex broker company with people that has exemplary online trading skills. Highly recommended.
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Good profit
I gain good profit from the trades. Withdrawal is fast and easy.
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Excellent broker
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Good broker
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Happy with services
I notice progression in my profit. I am happy with the services and satisfied with my profit.
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Good trading deals
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Overall great services
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Good broker
I get really good tools for trading from this broker. I also get good services.
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Happy to recommend
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Good profit
I have never come across a broker as good as this. Imagine getting 15 percent of the profit on the first month of trading. This is something exceptional, I can say.
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Highly recommended
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Leading forex brand
One of the leading brands in forex broker. Among the brokers I have tried, they have the best signals and the greatest services.
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Good and decent broker
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Professional broker
I am dealing with very professional people. I love the people and I love the services.
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Good trading company
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Swift withdrawals
I never had issues with withdrawals or any of their services. Withdrawals are always swiftly processed.
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Highly recommended
There’s a lot of trading instruments to choose from and I am also very pleased with the services. Highly recommended forex broker.
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Great trading company
Great trading company. Signals are accurate and services are all good.
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Great broker
Deposits and withdrawals are pretty easy. They have good services and great people.
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Happy with the services
I am happy with the services so far. I am recommending this broker to all traders and to those who would love to start their trading careers.
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Good company
No complaints for the past six months. This is indeed a good trading company.
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Satisfactory
Satisfactory trading services. I get good returns, worth my time.
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Quick withdrawals
They process withdrawals quickly.No hassle on any of their transactions.
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Easy to deal with
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Effective trading advice
My investment has been growing a lot. They have been very dedicated to helping me. Trading advice is all very effective.
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Superb broker
Superb broker services. I’ve got no idea about forex when I started but they’ve been a good trading partner to me, really.
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Good services
Good signals and services. I get really good trading results and am happy with my profit so far.
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Good software
Good software. It has advanced technology software that makes trading more organized and easier.
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Fully satisfied
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Good broker
Good broker company to deal with. Highly recommended.
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Credible forex broker
The most credible broker service. Have used several brokers in the past but no one beats the trading profit I got from this broker. Very credible in providing signals.
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Reliable services
Reliable and great services. I had so many great options to earn money and I have a good return on my investment.
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Amazing services
Low spreads and good trading conditions. Services are amazing and the people I dealt with are very professional.
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Excellent broker
Overall broker performance is excellent. I am happy with my profit.
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Excellent signals
Worth my money and time, they are so dedicated to providing excellent signals.
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Good to deal
Good-to-trade-with brokers. Signals bring so much profit and withdrawal is always fast.
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Extremely great
Extremely great broker service. Signals are so much accurate.
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Highly recommended
Highly recommended broker service for traders. They are skilled in forex trading. In fact, I was able to gain really good profit from this broker.
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Good broker
They have a wide array of wonderful trading instruments. Very affordable and profitable. Just started trading with them last week and so far I’ve got a good impression of this.
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Great trading broker
Great trading broker. I have been dealing with them for quite some time but they consistently deliver good services.
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Favorable trading results
Trading results have always been favorable for the past six months. Good broker.
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Good trading profit
I am happy with my trading profit. The signals are really very reliable and good.
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Exceptional broker performance
Exceptional broker performance. I get really awesome trading results.
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Responsible and professional
Responsible and professional people. They are very transparent on all transactions. I am gaining good profit and satisfied with the services.
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Great broker
This broker is far better than any other broker I knew off. I get approximately 15 to 20 percent monthly profit and experience really good services.
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Greatest broker service
The greatest broker service I have ever experience. Customer service is always prompt and friendly. Sound broker signals and efficient tools as well.
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Easy withdrawals
Fast and easy withdrawal process. No hassles and no runarounds.
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Outstanding services
Outstanding broker services. I gain good profit here, people are nice and services are excellent.
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Recommended broker
This broker has been recommended to me. Have tried trading several commodities and I get good returns. So far, the services work for me.
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Top-notch broker services
One of the best forex brokers with top-notch services. I gain good profit here.
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Awesome trading experience
Awesome trading experience. I had a good trading result and gain good profit.
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Worthwhile signals
I had fun trading with this broker. I get good profit and signals are worthwhile.
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Good broker
Fast and easy withdrawals. Signals are spot on and customer service is always attentive.
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Satisfied with services
They’ve assisted me in all my trading needs. I am happy and satisfied with the services.
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Love the services
I have been using this broker service for almost 3 months and I am loving the services.
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Good broker
This is a good broker. Have been with them for few months and all seems well.
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Good results
Everything here is smooth and easy. People are kind to me. I am so far, getting good results.
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Fair pricing
Fair pricing and good services. I am happy with the profit I am getting from this broker service.
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Profitable brokers
Efficient tools and effective trading advice. I started to become profitable when I joined them.
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Brilliant broker company
Brilliant broker company. I am happy with both profit and services.
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Satisfactory
Satisfactory broker services and signals. Highly recommended brokers for online trading.
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Good broker company
Good broker company. I gain good profit and have experienced good services, too.
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Good broker
Efficient trading services. A good broker to deal with.
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Fully satisfied
Good brokers and good service. They’ve been my broker for a year and I am fully satisfied.
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Good profit
I gain good profit. I am satisfied with the services and tools.
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Excellent broker
Thanks to this broker. They’ve been very good to me since day 1. Been using their services for a few months and I am satisfied.
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Efficient brokers
I am fully satisfied with the services. Very efficient brokers.
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Good broker
Good trading broker. They have been very patient with me. Came in with zero forex knowledge but I still earn money thru their help.
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Good signals
Good trading signals and fast withdrawals. Happy with the overall performance of this broker.
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The best forex broker
I am confident in trading forex because I’ve got the best broker with me. Signals are so much reliable and profitable.
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Good profit
I never had any problem with the services for the past six months. I am getting really good profit.
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Good brokers
Overall satisfied with the service from deposit to withdrawals. Good brokers.
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Very profitable
No regrets about choosing their services. I am consistently having a good withdrawal. Very profitable.
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Good broker
I felt like I have found a perfect forex trading broker. Services are always impressive and profit is always good. Terms are fair enough.
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Good broker
Always maintain a good connection with me. Trading results are good and I am happy with customer service.
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Warm customer service
Brokers and customer service are very warm and helpful. The signals aren’t really good but the people are nice.
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Great trading advice
If you are looking for great advice in trading forex, chose this broker service. They have a lot to offer.
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Effective signals
I get my withdrawals on time and I never had any problem requesting withdrawals.
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Highly recommend
Easy to use trading platform, customer service and earning is good
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Great signals
I am happy to find this broker with such expertise in trading. Good to have secondary income and enjoy trading too.
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Responsible broker
Always get in touch with me for all available opportunities. Very responsible brokers.
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Great tradng brokers
Great trading services and platform for online trading. No regrets dealing with them, they’re good and signals are profitable.
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Great Broker!
Well I liked all the services that were provided by the broker. Nice.
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