Thu, March 28, 2024

eToro review

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

eToro Review

eToro Review: trade with confidence on the worlds leading social platform

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: trade and invest

·     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. eToro accounts

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 trading platform and app As we said earlier in our eToro review, the broker uses a proprietary platform to match its unique service. The software is intuitive, meaning traders won’t have a tough time getting used to it. In line with other modern platforms, eToro’s trader also comes in web and mobile forms, increasing convenience. Lastly, the broker also offers copy trading, which we’ve mentioned multiple times.

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] help center

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.
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LEAVE A COMMENT

104 thoughts on “eToro review”

  1. Lara Kleeberg

    Sounded market analysis

    • (5)
      Support
    • (5)
      Platform
    • (5)
      Spread
    • (5)
      Trading Instrument

    Sound market analysis and great trading tools. I am so far happy and satisfied with my trading results.

    Did you find this review helpful? Yes No

  2. Alicia Gadsdon

    Perfect forex broker

    • (5)
      Support
    • (5)
      Platform
    • (5)
      Spread
    • (5)
      Trading Instrument

    I am happy to have found the perfect broker for me. I am confident in trading knowing that I can always rely on them.

    Did you find this review helpful? Yes No

  3. Rachel Threlkeld

    Awesome services

    • (5)
      Support
    • (5)
      Platform
    • (5)
      Spread
    • (5)
      Trading Instrument

    The services are awesome. They always surprise me with good profit.

    Did you find this review helpful? Yes No

  4. Jasper Canterbury

    Excellent signals

    • (5)
      Support
    • (5)
      Platform
    • (5)
      Spread
    • (5)
      Trading Instrument

    Excellent signals. I have traded with several broke in the past but this one got the best signals.

    Did you find this review helpful? Yes No

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COMMENTS

104 responses to “eToro review”

  1. Lara Kleeberg says:

    Sounded market analysis

    • (5)
      Support
    • (5)
      Platform
    • (5)
      Spread
    • (5)
      Trading Instrument

    Sound market analysis and great trading tools. I am so far happy and satisfied with my trading results.

    Did you find this review helpful? Yes No

  2. Alicia Gadsdon says:

    Perfect forex broker

    • (5)
      Support
    • (5)
      Platform
    • (5)
      Spread
    • (5)
      Trading Instrument

    I am happy to have found the perfect broker for me. I am confident in trading knowing that I can always rely on them.

    Did you find this review helpful? Yes No

  3. Rachel Threlkeld says:

    Awesome services

    • (5)
      Support
    • (5)
      Platform
    • (5)
      Spread
    • (5)
      Trading Instrument

    The services are awesome. They always surprise me with good profit.

    Did you find this review helpful? Yes No

  4. Jasper Canterbury says:

    Excellent signals

    • (5)
      Support
    • (5)
      Platform
    • (5)
      Spread
    • (5)
      Trading Instrument

    Excellent signals. I have traded with several broke in the past but this one got the best signals.

    Did you find this review helpful? Yes No

Leave a Comment

Your email address will not be published. Required fields are marked *

User Review
  • Support
    Sending
  • Platform
    Sending
  • Spread
    Sending
  • Trading Instrument
    Sending

BROKER NEWS

Plus500 Expands Office Space in Haifa and Boosts Hiring

Plus500 has significantly expanded its Haifa office space and increased recruitment efforts across various departments. Local news source Walla reports the brokerage has leased an additional 5,800 square meters in the Gev-Yam complex

BROKER NEWS

Stock Report – stock exchange background – WibestBroker

Plus500 Expands Office Space in Haifa and Boosts Hiring

Plus500 has significantly expanded its Haifa office space and increased recruitment efforts across various departments. Local news source Walla reports the brokerage has leased an additional 5,800 square meters in the Gev-Yam complex in