eToro

STP, Market Maker Traders: 30m+
FPA Rating (2/5)
Trading Platforms:

Proprietary Platform

Max Leverage:

1:400 (varies by regulator/account)

Regulation:

CySec, FCA, MiFID, ASIC

Overview

eToro stands tall as a winner. Its easy-to-use copy-trading platform has redefined how traders approach the financial markets, offering the unique ability to replicate the strategies of seasoned investors or bask in exclusive rewards for sharing your own trading wisdom.

With a staggering array of over 3,000 tradeable assets encompassing CFDs, forex, and exchange-traded securities, eToro delivers a comprehensive trading experience that, while slightly on the pricey side, is well worth the investment.

eToro's mobile experience is top-notch, mirroring its web platform's user-friendliness. With features like dark and light mode themes and synced watchlists, it ensures a seamless trading experience across devices.

eToro's web platform excels in ease of use, making it a favorite among traders. It offers features like watchlist creation and the ability to add instruments with ease.

eToro is a standout choice for retail traders. Whether you're eager to harness the power of copy trading or are an experienced trader looking for rewards, eToro has you covered.

While it may not be the ideal platform for high-volume traders, its social copy trading and crypto capabilities have earn it top honors.

In the world of online trading, eToro is a beacon of innovation and a community-driven platform that's trusted by millions worldwide. With eToro, your trading journey takes a promising turn toward profitability and success.

Good for

Social Copy Trading:

eToro is renowned for its innovative social copy trading platform, allowing users to follow and replicate the trading strategies of experienced investors. This feature is particularly beneficial for beginners who can learn from successful traders and potentially earn while they learn.

User-Friendly Interface:

eToro's user-friendly web platform and mobile app make it accessible and easy to use for traders of all levels of experience. The platform's intuitive design simplifies trading and provides a smooth experience.

Diverse Asset Selection:

eToro offers a wide range of tradeable assets, including forex, cryptocurrencies, stocks, commodities, and more. This diversity allows traders to create diversified portfolios and explore various trading opportunities within a single platform.

Not so great for

High Costs:

eToro's fee structure can be relatively high compared to some other online brokers. The spreads for certain assets can be wider, and overnight fees are charged for positions held overnight. This can impact the profitability of active traders.

Limited Research Tools:

While eToro has improved its research offerings, it may still fall short in terms of in-depth technical and fundamental analysis tools compared to more specialized platforms. Traders who heavily rely on extensive research may find eToro lacking in this regard.

Lack of Algorithmic Trading:

eToro does not support automated or algorithmic trading strategies. Traders who prefer using automated trading systems or developing their trading algorithms may not find eToro suitable for their needs. The platform primarily focuses on social and manual trading.

Ratings

Commissions & Trading Fees

3.5/5

eToro's fee structure is somewhat moderate in comparison to other online brokers. While the platform does not charge traditional commissions on trades, it does impose costs in the form of spreads, which can vary depending on the asset being traded. Additionally, there are overnight fees (swap or rollover fees) for positions held overnight.

It's important to note that spreads on certain assets can be wider than those offered by some competitors, potentially impacting the overall profitability of active traders. However, eToro does offer commission-free stock trading for certain markets.

Overall, the fees associated with eToro are reasonable for casual and beginner investors, but they may not be the most cost-effective option for highly active traders or those seeking the lowest possible trading costs. It's advisable to review eToro's fee schedule on their website to understand the specific costs associated with your trading activities.

Trading tools

4/5

eToro provides a range of trading tools that are well-suited for traders of various experience levels. Here are some key points to consider:

User-Friendly Platform: eToro's trading platform, both web and mobile, is known for its user-friendly interface. It's designed to be intuitive and easy to navigate, making it accessible to beginners.

Social Copy Trading: One of eToro's standout features is its social copy trading platform, which allows users to follow and replicate the trades of experienced investors. This tool is particularly beneficial for novice traders looking to learn from experts.

Charting and Analysis: While eToro offers charting tools and technical analysis indicators, it may not be as robust as specialized charting software offered by some other brokers. However, it is suitable for traders who don't require advanced technical analysis tools.

Research: eToro's research offerings have improved over time and include economic calendars, earnings reports, market analysis, and podcasts. While the research tools are competitive, they may not be as comprehensive as those offered by dedicated research providers.

Educational Resources: eToro provides educational resources, including videos, articles, webinars, and an online trading academy. These resources are valuable for traders looking to expand their knowledge.

Overall, eToro's trading tools are well-rounded and cater to both beginners and intermediate traders. However, traders with specific technical analysis or research requirements may find more specialized platforms better suited to their needs.

Available markets

4/5

eToro offers a diverse selection of markets that cater to a wide range of traders. Here are key points to consider:

Asset Variety: eToro provides access to a broad spectrum of tradable assets, including:

Forex currency pairs

Cryptocurrencies

Stocks (equities)

Commodities (such as gold and oil)

Indices

Exchange-traded funds (ETFs)

Options (in select regions)

Cryptocurrency Coverage: eToro is particularly strong in the cryptocurrency market, offering numerous cryptocurrencies for trading, including major coins like Bitcoin, Ethereum, and Ripple, as well as many altcoins. This extensive cryptocurrency selection sets eToro apart from many other brokers.

Stock Trading: eToro also provides commission-free stock trading in certain markets, making it an attractive option for investors interested in buying and holding shares of companies.

Indices and Commodities: The platform offers a variety of popular indices and commodities, allowing traders to diversify their portfolios.

While eToro offers a wide range of markets, it's important to note that the availability of specific assets may vary depending on your location and the regulatory restrictions in place. Additionally, eToro's strength lies in its user-friendly approach, making it an excellent choice for traders looking to access various markets without the complexity associated with some other platforms. However, professional traders seeking a broader range of exotic or niche assets may need to explore alternative brokerage options.

eToro FAQs

We help answer some common questions traders asked about eToro

What is eToro's minimum deposit requirement?

eToro's minimum deposit requirement varies depending on your location and the type of account you open. It typically ranges from $50 to $200, but it's essential to check the current minimum deposit for your specific region and account type on eToro's website.

Is eToro available in my country?

eToro is available in many countries worldwide, but its services and availability can vary based on local regulations. You can check if eToro operates in your country by visiting their website and reviewing the list of supported countries.

What assets can I trade on eToro?

eToro offers a wide range of tradable assets, including forex currency pairs, cryptocurrencies, stocks, commodities, indices, and more. The specific assets available for trading may depend on your region and account type.

How does eToro's social copy trading work?

eToro's social copy trading allows you to follow and copy the trading strategies of experienced investors on the platform. You can choose traders to follow based on their performance and risk profile. When they open or close trades, your account replicates those actions proportionally. You can adjust your copy settings and stop copying at any time.

What fees does eToro charge for trading?

eToro charges fees primarily through spreads, which are the differences between the buy and sell prices of assets. Additionally, there may be overnight fees (swap or rollover fees) for positions held overnight. It's essential to review eToro's fee schedule on their website for detailed information on trading costs.

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