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Etoro Review: A CFD and Forex Broker with a Social Trading OpportunityVerified broker

Etoro Review: A CFD and Forex Broker with a Social Trading Opportunity title=
4.4/5
I never thought I could be a successful forex trader until I started taking my trading career seriously.
Min. deposit
$10
Website address
https://www.etoro.com/
Demo account
Yes
Currency
USD
Supported languages
EngRus
Active
Yes
Payment Methods
Automated Customer Account Transfer ServiceBitcoin PaymentsDebit CardEthereum PaymentsiDealKlarnaMaestroNetellerPayoneerPOLiRapid TransferSkrillSofortSwiftVisaWire Transfer
Instruments
CFDCommoditiesCryptoForexStock
Min. trade price
$10
Regulated By
ASICCySECFCAFSA
MetaTrader 4
No
MetaTrader 5
No
cTrader
No
OmniTrader
No
AlgoTrader
No
TradingView
No
Trading Central
Yes
Autochartist
No
eSignal
No
STP Account
No
ECN Account
Yes
DMA Account
No
MAM Account
No
PAMM Account
No
LAMM Account
No
Demat Account
No
Mobile Apps
iOS, Android & Windows
Margin Trading
Yes
Volatility Index
Yes
Spot Trading
Yes
Perpetual Swaps
No
ELWs
No
REITs
Yes
AI / Machine Learning
Yes
Robo Advisor
Yes
P2P Trading
No
Negative Balance Protection
Yes
VPS Hosting
No
Tournaments
No
Demo Competitions
No
Managed Accounts
No
Market Maker
Yes
Auto Trading
No
Social Trading
Yes
Copy Trading
Yes
Trade Signals
Yes
Islamic Account
Yes
Inactivity Fee
$10
Guaranteed Stop Loss
No
Stock Exchanges
Australian Securities ExchangeBorsa ItalianaCAC 40 Index FranceDAX GER 40 IndexDeutsche BoerseDow JonesEuronextFTSE UK IndexHang SengHong Kong Stock ExchangeIBEX 35Japan Exchange GroupKorean Stock ExchangeLondon Stock ExchangeNational Stock Exchange Of IndiaNew York Stock ExchangeRussell 2000S&P 500Shanghai Stock ExchangeSIX Swiss ExchangeTaiwan Stock ExchangeTokyo Commodity Exchange
Commodities
AluminiumCannabisCocoaCoffeeCopperCornCottonGasolineGoldIronLeadLithiumLivestockNickelOilPalladiumPlatinumPrecious MetalsSilverSoybeansSugarWheat
Forex Trading
eToro offers a selection of major, minor and exotic currency pairs. Clients can speculate on FX from the eToro trading app.
Forex GBPUSD Spread
2 pips
Forex EURUSD Spread
1.5 pips
Forex EURGBP Spread
1.5 pips
Forex Assets
49
Crypto Spread
BTC
Crypto Lending
No
Crypto Staking
Yes
Crypto Mining
No
Crypto Auto Market Maker
No
Crypto Coins
ADA, BCH, BNB, BTC, DASH, EOS, ETC, ETH, LTC, MIOTA, NEO, VET, XLM, XRP, ZEC
Ladder Options
No
Boundary Options
No
Show all >>

* The amount that will be credited to the account in the case of a successful deal

*General Risk Warning: Your capital might be at risk

Min. deposit
200$
Min. trade price
50$
Website address
https://www.etoro.com/
Profitability
80%*
Demo account
Yes
Currency
USD
Supported languages
EngRus
Active
Yes
* The amount that will be credited to the account in the case of a successful deal
ETORO Screenshot

Trustpilot Real Time Reviews

Star

The Trustpilot rating is 4.4,
according to 19658 reviews

4.5 Stars
vijay
vijay
stars
gb
It is a seamless experience using the Etoro platform. Also the support and guidance you get when you really stuck or out of ideas is truly amazing. Charlie Kaur, Account Manager from Uk helped me in guiding through various options in Etoro platform and helped me diversifying my portfolio. Thank you so much for guiding me Charlie.. Appreciate that

View all

Enrique Warnke
Enrique Warnke
stars
de
It was very special to meet people out of business and to talk about new developments (in my case about how falling retail sales end up impacting retail stores like edeka). I view Investing with a more academic view and in it you can easily lose touch with the "real world". So nice to talk to people with impact in the real economy.

View all

Ishan
Ishan
stars
nl
Have been using eToro for close to 3 yrs now. It's an amazing website with excellent support. They provide dedicated account managers too based on your tier level. My account manager Koral Zusman has been regularly in touch with me and very easy to reach for any support.

View all

David Gleadell
David Gleadell
stars
gb
I would like to thank Virgilio Guidi -Account Manager for his support in providing access to Delta Pro. Virgilio has assisted on several occasions with answering queries and providing direct support. I am very pleased with the level of support I received and eToro is the best platform I have ever used. Thank you

View all

okmarius
okmarius
stars
at
I would like to thank you very much for the excellent support provided from Ms. Elena Constantinescu's side as a Account Manager in solving some request which where pending for a while, and not only. Without his involvement I believe this would be solved until now.

View all

Otakar
Otakar
stars
cz
I had been thinking about investing for a long time and I also found a broker (different than Etoro). But shortly after that, I found out that Etoro started a cooperation with SK Slavia Prague, which is the team of my heart, I immediately changed broker and started using Etoro and I must say I didn´t make a mistake. I love features and advantages which are better when you invest more, your personal managers are incredibly nice and the app is very well done. The only thing that I am missing right now is a credit/debit card which is only available in the UK but I hope that soon we will enjoy it too.

View all

Load more
  • Jinia Shawdagor Jinia Shawdagor Author
  • Hannah Jones Hannah Jones Editor
  • 6 min read
  • Published: February 17, 2017
  • Updated: January 17, 2023
  • Views: 328

Content

  • What Is Etoro?
    What Is Etoro?
  • How does Etoro Work?
    How does Etoro Work?
  • Commissions and Fees
    Commissions and Fees
  • Banking and Payment Options
    Banking and Payment Options
  • Etoro Customer Support
    Etoro Customer Support
  • FAQs
    FAQs

I never thought I could be a successful forex trader until I started taking my trading career seriously. I had always assumed that it was a special skill reserved only for the experts and that I would never really understand the complex concepts involved unless I spent years studying and learning.

Honestly, I didn’t have the time to do that, so I gave up on the idea. Luckily, after finding Etoro, my outlook changed. Etoro is a social trading broker that allows you to copy the trades of other successful traders in its community.

Social trading is a valuable tool for beginner traders. It makes trading easier for newcomers because it takes out the hard work of understanding complex forex concepts. All you have to do is join the platform, browse through successful traders, and copy their trades. That’s it!

Additionally, their platform features an intuitive user interface that allows even novice traders to learn their way around quickly. The feel of the trading platform is also smooth, with plenty of data and analytics to back up your decisions.

Etoro’s fees are competitive compared to other brokers in the market. This makes Etoro an excellent choice for those looking to get into forex trading without breaking the bank. In this article, I will take you through a comprehensive review of Etoro and share all the information you need to make an informed decision.

Content
  • What Is Etoro?
  • How does Etoro Work?
  • Commissions and Fees
  • Banking and Payment Options
  • Etoro Customer Support
  • FAQs

What Is Etoro?

What Is Etoro?

Etoro is a broker founded in Israel in 2007. According to their CEO, the company was created to make trading accessible and straightforward for everyone.

What Is Etoro?

Yoni Assia, Etoro’s CEO, put it this way: “Etoro has stayed true to its core mission statement. It is one of the leading brokers in forex, CFDs, stocks and commodities market and has grown a vast community of traders from around the world.”

With over 3,000 tradable assets, including forex, crypto, and CFDs, Etoro is by far the most extensive and diverse online broker out there. Etoro has a client base spread across over 140 countries worldwide. This broker also offers several bespoke platforms. For instance, a crypto branch to the platform is separate from the main forex and CFD account.

At its core, Etoro is a multi-asset platform that caters to beginner, intermediate, and advanced traders. It is suitable for both new and experienced traders looking to diversify their portfolios or increase their profitability.

Apart from its commitment to providing top-quality products to trading enthusiasts at affordable prices, Etoro (as well as Gerchik & Co) is also well-regulated. In the U.S. alone, Etoro is licensed to operate thanks to the SEC (Securities and Exchange Commission), the CFTC (Commodity Futures Trading Commission), and the Financial Industry Regulatory Authority (FINRA).

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How does Etoro Work?

How does Etoro Work?

At its core, the process of investing with Etoro is quite simple. All you need to do is open an account with them, deposit funds into your trading balance, and start investing.

The platform has a wide array of assets and markets available. Once you have chosen the asset or market to invest in, Etoro will provide you real-time pricing data and analysis to make an informed decision. In addition, Etoro also has a range of advanced trading tools that allow you to take advantage of more sophisticated trading strategies.

If you’re a beginner, the CopyTrader feature could be ideal. It allows you to mirror successful trades made by veteran traders, so you don’t have to worry about making all the decisions yourself.

Further reading
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  • FEATURES OF ISLAMIC ACCOUNTS FOR TRADING IN BINARY OPTIONS AND FOREX

Commissions and Fees

Commissions and Fees

Happily, Binarium doesn’t charge a commission to open an account. Plus, there are no inactivity fees.

You will only be charged a $25 fee if you make a wire transfer deposit of less than $500, and there is also a 3% fee for credit card deposits. There is no information on their website about the spreads.

Further reading
  • 110 Trading Quotes to Set You on the Road to Success
  • What Is a Forex Cent Account? Learn the Basics!
  • 10TRADEFX REVIEW 2023: IS IT WORTH IT?
  • Top 10 Fun Facts About Forex Trading
  • Is Quotex a scam? Read this before trying the broker in 2023
  • How long to learn binary options trading in 2023?

Banking and Payment Options

Banking and Payment Options

Now let us talk about the payment options available when you make a deposit into your trading account. Etoro offers several banking and withdrawal methods, including debit/credit cards, bank transfers, and e-wallet payments such as Skrill, Paypal and Neteller.

For withdrawals, the process is straightforward. You just have to fill out the withdrawal form with your details and then wait for the request to be processed. The minimum deposit amount for Etoro is usually $200. It’s important to note that this may vary depending on the country you are located in.

Does Etoro offer an asset index?

Yes, Etoro does offer an asset index. In addition, the platform has a comprehensive list of assets available for trading, including stocks, options, currencies and cryptocurrencies. The list is continually updated to ensure it reflects the current market conditions and evolves alongside any changes in the industry.

Further reading
  • What Is Flare Network and What Does It Do?
  • ALLY INVEST REVIEW 2023: SHOULD YOU SIGN UP WITH THIS BROKER?
  • CMC Markets - Advanced Trading Platform Review
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Etoro Customer Support

Etoro Customer Support

When it comes to customer service and support, Etoro offers a variety of options.

The platform offers 24/7 live chat support via its website as well as customer service by email and telephone. There is also an extensive FAQ section which covers the most basic questions about the platform.

According to customer reviews, the customer service team at Etoro is highly responsive and helpful. One customer named John commented: “The customer service team was accommodating and knowledgeable. They answered my questions quickly and were able to resolve any issues I had promptly.“

Further reading
  • Convert Satoshi To BTC Bitcoin | 100% Free Online Tool
  • Close Option - binary options broker review
  • CXMARKETS BROKER REVIEW 2023: COST AND BENEFITS
  • The Most Popular Trading Assets For Binary Options
  • How to Buy Stripe Stock
  • Building Small Profits, Fast: How to Use an Options Scalping Strategy for Trading
FAQs

FAQs

What is the downside to Etoro?

The main downside to Etoro is the cost of trading. The spreads and commissions can add up quickly, making it more expensive than other platforms.

Is Etoro legitimate?

Yes, Etoro is a legitimate online trading platform that is fully regulated by multiple financial authorities such as the FCA (U.K.), CySEC (Cyprus), and ASIC (Australia). Other legitimate brokers include XM.com and OctaFX.

Can I withdraw all my money from Etoro?

Yes, you can withdraw all your money from Etoro at any time. However, you should read their terms and conditions carefully before making withdrawals to ensure that you know of any potential fees or charges.

What is the minimum deposit for Etoro?

The minimum deposit amount for Etoro is usually $200. However, this may vary depending on the country you are located in, so it is best to check with Etoro directly before making a deposit.

Final Thoughts

Etoro is an online trading platform that offers users a range of features and services to help them trade successfully. For example, the CopyTrader feature allows beginners to mirror successful trades from expert traders, and the Social Trading platform will enable users to learn by interacting with other traders.

Etoro charges zero commissions when trading stocks (except for short and leveraged positions) and offers various payment options and customer support. However, the downsides include the cost of trading, which can be higher than some other platforms, and the lack of advanced tools for more experienced traders.

Etoro is a solid choice of online trading platform, whether you’re new to trading or looking to expand your portfolio. The fees are reasonable, the user interface is easy to navigate, and plenty of features are available to help you become a successful trader.

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It is one of the best international brokers. Different types of assets, convenient and reliable platform, favorable trading conditions. Want to know more? Click here.
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