eToro review



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NOTE: Customers from United States are not allowed to trade or register at this broker. We would recommend a different broker at our toplist here.

Etoro is an electronic crypto broker and an investing platform with over 23 million users in over 100 countries. This includes millions of registered U.S. state users and Washington D.C. It began as a visual forex system, and it has now updated its features for cryptocurrency trading. eToro's cryptocurrencies give you a chance to trade forex, stocks, cryptocurrencies, indices, EFTs, and commodities. You can invest for the long-term and day-trade.


If you are interested in trying eToro out, have a read here and learn all you need to know to get started with the best possible offer.

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Background & Overview

 

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eToro is a multi-asset and social trading company that owns ten offices worldwide. This office includes the United Kingdom, United States, Cyprus, Australia, and Israel.

Its digital trading platform contains both social trading and manual trading features. Social trading helps the customers keep in touch with the financial trading practices and other customers and uses the company's CopyTrade system to copy everything that is happening in real-time, which makes it unique.

The system operates on total transparency to aid this process, showing all essential data for each client, including gain percent, portfolio composition, and risk score.

For manual investors, the platform offers a selection of currencies, stocks, commodities, EFTs, indices, and cryptocurrencies through their creative trading platform. Traders may track and invest in a number of financial assets using its expert tools and analysis.

It has also invented a unique long-term investment tool named Smart Portfolios. These are pre-build portfolios that contain a number of financial assets or a list of best traders on the system that follow a predetermining business strategy. Visit etoro today!

Not a customer yet? Register with eToro today, it's quick and simple!
 

Advantages at eToro

+You get more than fifteen cryptocurrencies.
+Clients enjoy a low minimum to fund your account and start investing.
+The platform offers more social trading and the ability to match the trading moves of the greatest investors.
+It has an exciting and navigable layout for both mobile and desktop users. 

Disadvantages

-It has relatively wide spreads for cryptocurrency trading.
-eToro's customer support needs improvement.

 

KYC & Registration

Know Your Customer ( KYC) is a legal requirement for financial institutions to identify their customers.

For you to be a member of eToro, all you have to do is open an account. Opening an account is very easy since it entails simple and straightforward steps.

The account opening steps include:
Go to eToro page and click the button written trade now or join now.

On the following website page, you will find an electronic form in which you are required to enter all the personal information needed to open a trading account.

Fill in the relevant data needed in that form whereby you can log in via Gmail or Facebook.

Before submitting your data for review, take time to read the privacy policy and the terms and conditions.

After completing your review, indicate your agreement to the terms by clicking the appropriate box.

Submit your data by pressing the sign-up button.

For newly registered investors KYC process is done to confirm the residence and proof of identity like a valid passport.

A further step of the KYC process includes asking new traders to fill out questionnaires to ascertain better that the company may create a service package optimally suited to each investor's specific profile.

 

Leverage

▪ Rated at 10/10

Leverage is a way where investors can invest in particular financial products and cryptocurrencies to maximise their potential income of an investment. However, it also leads to higher risk.

This flexible leverage is a multiplier that shows the worth of a position on how much more can be earned than the invested amount. When starting a trade, you may choose to open one with leverage or no leverage.

Different tools have different leverage maximum amounts according to the applicable law.

 

Costs

▪ Rated at 9/10

Every tool on the system has two prices. A buy and sell price. Spread is the difference between the two values. Spread consists of the commission that eToro charges for a transaction.

The platform uses spreads that fall and rise to charge its trading fees. Unlike other providers, it charges round turn- a single spread for selling and buying crypto assets.

Spreads for Bitcoin trades ranged from 0.75% to 5% for Tezos trading. Most cryptocurrency lies between 1.9 and 2.9 percent.

Opening an eToro account is free. There are no ticketing or management fees charged. Investing in stocks is free. Withdrawals are 5 USD, and for non -USD deposits and withdrawals, the F.X. rates apply.

The credit card fees will depend on the transactions that one has made.

 

Deposit Methods

▪ Rated at 10/10
Below you can see a list of the deposit methods available on eToro. Some of them may not be available in United States as it depends on regional regulation, but normally the most common payment methods are available across numerous countries.

If you like to get started quickly with eToro, then a debit card or credit card from VISA, Mastercard or Union Pay can be a good start. Alternatively, Paypal is also an option from eToro. Other e-wallets supported for deposits and withdrawals include Skrill, Trustly and Neteller. Finally, you can also make a bank transfer to eToro in case you like to make a slightly bigger deposit or simply prefer this payment solution.

 

Platforms

▪ Rated at 10/10

eToro QR code
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eToro is a good platform for social copy and cryptocurrency trading. Due to its unique copy trade feature, it makes it the leading company.

It offers a user-friendly website platform and mobile application that is good for casual investors and beginners.

 

Broker Support

▪ Rated at 10/10

Despite the fact that they eventually answer your questions, the support system is relatively slow to answer the question.

They answer your questions well, leaving you satisfied. For instance, if you want to open an account or have issues with your credit card, they break the procedures step to step for you to understand what you need to do to get your solution.

However, it depends with the customers, some may feel like their questions are not answered the way they expected, leaving them unsatisfied.

 

FAQ

Is Etoro safe?

Yes, it is safe. It is trusted by over 23 million investors and certified in the United Kingdom under the FCA and in the different countries, including Australia and Israel, under appropriate authorities.

Can I stop losses with Etoro?

Yes. Users can stop losses on many transactions. This implies that you will be removed from a trading transaction at your desired time instead of losing what you cannot afford.

What is a copy trader?

This is the centerpiece of eToro's social trading. One can choose to copy-paste the trades of other investors, having cross-checked their performance.

What does taking Profit mean?

A TP (Take Profit) is an instruction to end a trad at a certain rate if the value favors you to ensure the Profit realized goes to your present balance.

Why should I verify my account?

The verification of your accounts is needed to provide you with great services and a way of complying with the financial services regulations.

 

Instruments available

▪ Rated at 10/10

Crypto Currencies

BTC/USD, BTC/EUR, BTC/GBP, BTC/AUD, BTC/NZD, BTC/CAD, BTC/JPY, BTC/CHF, BTC/ZAR, BTC/HKD, BTC/SGD, BTC/NOK, BTC/SEK, BTC, ETH, ETH/USD, ETH/EUR, ETH/GBP, ETH/AUD, ETH/NZD, ETH/CAD, ETH/JPY, ETH/CHF, ETH/ZAR, ETH/HKD, ETH/SGD, ETH/NOK, ETH/SEK, BCH, BCH/USD, BCH/EUR, BCH/GBP, BCH/AUD, BCH/NZD, BCH/CAD, BCH/JPY, BCH/CHF, BCH/ZAR, BCH/HKD, BCH/SGD, BCH/NOK, BCH/SEK, XRP, XRP/USD, XRP/EUR, XRP/GBP, XRPAUD, XRP/NZD, XRP/CAD, XRP/JPY, XRP/CHF, XRP/ZAR, XRP/HKD, XRP/SGD, XRP/NOK, XRP/SEK, DASH, DASH/USD, DASH/EUR, DASH/GBP, DASH/AUD, DASH/NZD, DASH/CAD, DASH/JPY, DASH/CHF, DASH/ZAR, DASH/HKD, DASH/SGD, DASH/NOK, DASH/SEK, LTC, LTC/USD, LTC/EUR, LTC/GBP, LTC/AUD, LTC/NZD, LTC/CAD, LTC/JPY, LTC/CHF, LTC/ZAR, LTC/HKD, LTC/SGD, LTC/NOK, LTC/SEK, ADA/USD, ADA, ADA/EUR, ADA/GBP, ADA/AUD, ADA/NZD, ADA/CAD, ADA/JPY, ADA/CHF, ADA/ZAR, ADA/HKD, ADA/SGD, ADA/NOK, ADA/SEK, EOS/USD, EOS/USD, EOS/EUR, EOS/GBP, EOS/AUD, EOS/NZD, EOS/CAD, EOS/JPY, EOS/CHF, EOS/ZAR, EOS/HKD, EOS/SGD, EOS/NOK, EOS/SEK, NEO, NEO/USD, NEO/EUR, NEO/GBP, NEO/AUD, NEO/NZD, NEO/CAD, NEO/JPY, NEO/CHF, NEO/ZAR, NEO/HKD, NEO/SGD, NEO/NOK, NEO/SEK, TRX, TRX/USD, TRX/EUR, TRX/GBP, TRX/AUD, TRX/NZD, TRX/CAD, TRX/JPY, TRX/CHF, TRX/ZAR, TRX/HKD, TRX/SGD, TRX/NOK, TRX/SEK, BNB, BNB/USD, BNB/EUR, BNB/GBP, BNB/AUD, BNB/NZD, BNB/CAD, BNB/JPY, BNB/CHF, BNB/ZAR, BNB/HKD, BNB/SGD, BNB/NOK, BNB/SEK, DOT, DOT/USD, DOT/EUR, DOT/GBP, DOT/AUD, DOT/NZD, DOT/CAD, DOT/JPY, DOT/CHF, DOT/ZAR, DOT/HKD, DOT/SGD, DOT/NOK, DOT/SEK, LINK, LINK/USD, LINK/EUR, LINK/GBP, LINK/AUD, LINK/NZD, LINK/CAD, LINK/JPY, LINK/CHF, LINK/ZAR, LINK/HKD, LINK/SGD, LINK/NOK, LINK/SEK, MKR, MKR/USD, MKR/EUR, MKR/GBP, MKR/AUD, MKR/NZD, MKR/CAD, MKR/JPY, MKR/CHF, MKR/ZAR, MKR/HKD, MKR/SGD, MKR/NOK, MKR/SEK, UNI, UNI/USD, UNI/EUR, UNI/GBP, UNI/AUD, UNI/NZD, UNI/CAD, UNI/JPY, UNI/CHF, UNI/ZAR, UNI/HKD, UNI/SGD, UNI/NOK, UNI/SEK, DOGE, DOGE/USD, DOGE/EUR, DOGE/GBP, DOGE/AUD, DOGE/NZD, DOGE/CAD, DOGE/JPY, DOGE/CHF, DOGE/ZAR, DOGE/HKD, DOGE/SGD, DOGE/NOK, DOGE/SEK, AAVE, AAVE/USD, AAVE/EUR, AAVE/GBP, AAVE/AUD, AAVE/NZD, AAVE/CAD, AAVE/JPY, AAVECHF, AAVE/ZAR, AAVE/HKD, AAVE/SGD, AAVE/NOK, AAVE/SEK, ATOM, ATOM/USD, ATOM/EUR, ATOM/GBP, ATOM/AUD, ATOM/NZD, ATOM/CAD, ATOM/JPY, ATOM/CHF, ATOM/ZAR, ATOM/HKD, ATOM/SGD, ATOM/NOK, ATOM/SEK, MANA, MANA/USD, MANA/EUR, MANA/GBP, MANA/AUD, MANA/NZD, MANA/CAD, MANA/JPY, MANA/CHF, MANA/ZAR, MANA/HKD, MANA/SGD, MANA/NOK, MANA/SEK, ENJ, ENJ/USD, ENJ/EUR, ENJ/GBP, ENJ/AUD, ENJ/NZD, ENJ/CAD, ENJ/JPY, ENJ/CHF, ENJ/ZAR, ENJ/HKD, ENJ/SGD, ENJ/NOK, ENJ/SEK, MATIC, MATIC/USD, CHZ, CHZ/USD, SOL, SOL/USD, GRT, GRT/USD, ZRX/USD, ZRX, REN, REN/USD, 1INCH, 1INCH/USD, CELO, CELO/USD, SUSHI/USD, SUSHI/EUR, SUSHI, FET, SHIB, SHIB/USD, SHIB/EUR, SHIB/GBP, SHIB/AUD, AXS, AXS/USD, SAND, SAND/USD, SAND/EUR, SAND/AUD, SAND/GBP, SAND/CAD



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›› Sign up at eToro here
NOTE: Customers from United States are not allowed to register. Find another broker here.

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eToro Review Published: Monday, 19 Nov 2018 1:01 pm
Last Updated: Tuesday, 9 Aug 2022 3:04 pm
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Founders of eToro
eToro was founded by three Israelis in Tel Aviv in 2006. Yoni Assia and Ronen Assia started the company together with David Ring.
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