eToro Review 9.78/10⭐

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.

Discover the worlds' best social crypto trading site.

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Background & Overview

 

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

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 copy-portfolio system that is happening in real-time, which makes it unique. But just following others can also be risky, since it's not only your own thoughts and analysis that's required for investing.

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.

Etoro are well known for their copy trading portfolios that contain a number of financial assets or a list of best traders on the system that follow some successful traders. The risk is that some traders that are really successful for a short time, might not go so well for a long period. So always do your research before and check the traders' history, their strategies and so the risk level suits you. Visit eToro now!

›› 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 copy 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.
-There might be high risk with copy trading so always do your due diligence on the risk level and sector that you invest in.

 

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, the first step is to open an account, which takes less than 30 seconds. Opening an account is very easy since it entails simple and straightforward steps. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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.

 

Company Account

As one of the biggest brokers in the world, they have extensive corporate facilities. It's easy to open an account, although more documentation is required than what's needed for individual customers. A corporate account on eToro is perfect for businesses that wish to invest in the financial markets.

 

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.

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 straight forward. There are no ticketing or management fees charged. Investing in stocks is very interesting. 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.

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

 

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 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. Read more about the deposit methods at eToro here.

 

Platforms

▪ Rated at 10/10
The following platforms are supported by eToro:

eToro is a good platform for their copy-portfolio and cryptocurrency trading. Due to its unique copy-portfolio 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.

 

Automated Trading and Copy Trading

While there isn't an autotrade feature, there is something similar in copy-portfolio, where you can match the trades of some of the best traders out there. Some people think this is better, as it helps you to learn rather than outsourcing your upskilling to a robot.

›› Get started with Crypto Auto Trading at eToro now.
 

Languages supported

The following languages are supported on eToro:

Arabic, Chinese, English, Czech, Danish, Dutch, Finnish, French, German, Italian, Norwegian, Polish, Portuguese, Romanian, Russian, Spanish and Swedish and Vietnamese

 

Broker Support

▪ Rated at 10/10

Etoros support system is relatively quick to answer the questions.

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. Better phrased question may give more detailed replies.

 

FAQ

Where can I register for eToro?

The best way is to open an account here and if you have any further questions you can get in touch with their support directly.

This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

Is Etoro 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, under appropriate authorities.

Does eToro accept Russian clients?

No, they recently changed the laws. eToro only accept Russians living outside Russia at the moment. This is most likely due to sanctions by the EU and the U.S.

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-portfolio?

This is the centerpiece of eToro's social trading. One can choose to make a copy-portfolio 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.

Which languages are available on eToro?

eToro offer their website in English for UK citizens, English for Australian citizens, Arabic, Czech, Danish, Dutch, French, German, Italian, Norwegian, Polish, Portuguese, Romanian, Russian, Simplified Chinese, Spanish, Swedish, Traditional Chinese and Vietnamese.

 

History of eToro

2007 (January) - The company was founded as eToro Inc. On their website, they gave out cash prices to enter a competition and promised easier and faster execution of trades.
2008 - eToro updated their website. Back then, it was mostly fx trading and their slogan was: eToro is forex trading at the click of a button.
2010 (July) - eToro release their new website with 19 different languages, including French, Russian, Swedish, Finnish, Russian, Arabic and Italian to name a few. They now allow traders to open a practice account, which is now referred to as demo account.
2011 (June) - eToro reach 1.5 million users from 130 different countries, making trading accessible for everyone.
2012 - The company describe their social trading as "the smarter way to trade". They encourage gurus to share their expertise and become copy traders. eToro reached the impressive number of 2 million users.
2013 (March) - eToro rebrand their website as "your social investment network". You can connect with other traders and investors and make copy-portfolio's.
2019 - They launched their offering in the USA as eToro US.
2021 (December) - eToro was planned to go live as SPAC through Betsy Cohen's FinTech Acquisition Corv V (FTCV.O) but the launch got delayed.

eToro is a multi-asset platform which offers both investing in stocks and crypto assets, as well as trading CFDs.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading. CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC does not offer CFDs and neither does it represent or assume any responsibility for the accuracy or completeness of the content of this publication, prepared by What is Bitcoin, as a partner, using information available and public and not specific to the eToro entity.

 

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/USD, SOL/EUR, SOL/GBP, SOL/AUD, SOL/NZD, SOL/CAD, SOL/JPY, SOL/CHF, SOL/ZAR, SOL/HKD, SOL/SGD, SOL/NOK, SOL/SEK, SOL/DKK, 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

›› Sign up at eToro here

Screenshots from eToro

Read the eToro Terms and Conditions here.
eToro Review Published: Monday, 19 Nov 2018 1:01 pm
Last Updated: Monday, 27 Nov 2023 1:51 pm