eToro Review: Pros & Cons | Updated for 2023
This eToro review has been updated for 2023 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about eToro to give you the most comprehensive guide available.
eToro is a professional trading partner that was founded in 2007. They have around 1200 staff that help the company provide online brokerage services, copy trading, social trading, retail forex trading, and CFD's, to 20,000,000+ clients through web trader, tablet & mobile apps.
eToro Guide – Read our In-Depth eToro Review
eToro Rating: 8.60 / 10
This eToro review page contains information about investing with eToro. It is intended for educational purposes only and should never be considered financial advice. comparebrokers.org is not a brokerage or advisory service. We do not recommend or advise that investors buy or sell securities or stocks.
All of the information about the brokers you see reviewed on comparebrokers.org come from our partners, some of whom we have an affiliate relationship with. These partners do not control the content on the page beyond providing us with datapoints to ensure that (as far as possible) the information in our database is accurate. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users. Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs.
Please note that due to regulations, the content in this review of eToro does not apply to users in Iran, Democratic Peoples Republic of Korea, Belgium, Canada, Japan, Syrian Arab Republic, Turkey, Israel, Belarus, Albania, Republic of Moldova, North Macedonia, Serbia, Guinea, Democratic Republic of the Congo, Sudan, Zimbabwe, Ethiopia, Ghana, Tanzania, Libya, Uganda, Zambia, Botswana, Rwanda, Tunisia, Somalia, Namibia, Togo, Sierra Leone, Liberia, Gambia, Djibouti, Ivory Coast, Pakistan, Brunei Darussalam, Taiwan, Province of China, Samoa, Nepal, Singapore, US Virgin Islands, Turkmenistan, Tajikistan, Uzbekistan, Sri Lanka, Trinidad and Tobago, Haiti, Myanmar, Bhutan, Marshall Islands, Maldives, Kazakhstan, Grenada, Fiji, Barbados, Bermuda, Bahamas, Antigua and Barbuda, Anguilla, Aruba, Lebanon, El Salvador, United States of America, Paraguay, Honduras, Guatemala, Puerto Rico, Nicaragua, British Virgin Islands, and Netherlands Antilles.
This eToro review contains the latest information surrounding eToro.
If you are a new entrant in the realm of online trading and brokerages, so many nuances will no doubt be confusing for you. Getting into the world of trading online demands expert assessing skills and comprehensive knowledge. You'll acquire proficient at all the concepts of trading online and brokers as you keep trading. For starters, you have to select the ideal online trading platform who'll always be transparent with you.
In the fast-paced world of financial markets and trading, you will need advice to make sensible decisions. A professionally lead investment online trading platform could assist you in minimising any losses and maximising any profits. eToro is just one such stage that will assist you. It's crucial to know all you can about any broker until you trust them with your cash.
eToro Review for 2023 – Quick Overview
| eToro Telephone: | |
| eToro Support Email: | support@etoro.com |
| eToro Address: | 24th floor, One Canada Square, Canary Wharf, London, E14 5AB |
| Year Founded: | 2007 |
| Regulated By: | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) |
| Hedquarters: | Cyprus, UK |
| Minimum Deposit: | $50 |
| Number Of Clients: | 20,000,000+ eToro users and traders |
| eToro TrustPilot: | https://uk.trustpilot.com/review/www.etoro.com |
| eToro LinkedIn: | https://www.linkedin.com/company/etoro/ |
| eToro Facebook: | https://www.facebook.com/eToro |
| eToro Facebook Likes: | 2,155,504 |
| eToro Twitter: | @eToro |
| eToro Twitter Followers: | 270,600 |
| eToro Instagram: | https://www.instagram.com/etoro_official/ |
| eToro Instagram Followers: | 95,000 |
| eToro Youtube: | https://www.youtube.com/user/etoro |
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67% of retail investor accounts lose money when trading CFDs with this provider. US customers only have access to cryptocurrencies |
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Our entire eToro review for beginners covers all you will need to know about trading with eToro. A fantastic agent can use your first investments and help to protect it from losses but also provide you a platform that can help to give you favourable profits. If you want to earn profits, you must trade with a broker service that aligns with your investment goals.
Of course, there's absolutely no sure-fire way to guarantee profits; therefore, you must carefully assess your agent before you select them. It is a common misconception that all agents are exactly the same, but that is not correct. Wrong judgment, initially, can set your investments at risk.
eToro is a trading partner that has paved its way successfully to the brokerage world. In this review, we've tried to collate a number of the important aspects of eToro. This guide will help you to understand whether eToro is a good fit for your investments or not. We've attempted to breakdown all of the features and charges for your convenience.
Who are eToro?
eToro is a online trading broker with its headquarters in Cyprus, UK and provides a variety of instruments for online trading. Since its start in 2007 they have emerged as a top player in the field of online trading. eToro has a highly competitive and full-featured trading site that's focused on forex, indices, metals, stocks and commodities.
Over the past 16 years, eToro has grown into one of the top online brokers available to the public.
After launching in 2007, their consumer base has increased to 20,000,000+ clients.
eToro is a favourite of many stock dealers . Our eToro account review found that they are a professional solution for online trading options. They're most appropriate for investors that are looking for a variety of assets. Social and easy to use trading options are the heart at eToro.
Technology plays a substantial role at eToro. They offers trading on web trader, tablet & mobile apps. eToro is fair, transparent, and also a well-regulated broker by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). Their outstanding array of resources will be beneficial for most traders. Third-party partnerships also supply in-house analysis.
Who Founded eToro?
The founders of eToro are Yoni Assia, Ronen Assia, David Ring
The founders of eToro are famous for their experience in the sphere of internet trading. However, there are a lot of other key staff at eToro who have a significant impact on it's success.
The educational section at eToro is very comprehensive for new traders as it allows them to get a closer look at the financial markets. eToro caters to all types of traders and are a must-have broker for any well-diversified method of trading.
eToro Review Videos
Benefits of trading with eToro in 2023
Trading with eToro comes with numerous advantages. These advantages are what sets eToro apart from the rest of the online brokers. You need to check all of the benefits listed so that you have a better understanding of eToro.
The broker goes to great lengths to comprehend what dealers want. Consequently, the support, fast, and convenient. The broker also gives a number of programs for all kinds of traders. eToro helps to ensure that the individual needs of all online traders are met to the best of their capabilities.
eToro also features excellent trading conditions that are available to all and not just an elite class of institutional clients. The tight spreads and quick executions are a fantastic benefit for all traders. The technology embraced by eToro is of the highest caliber, making sure that it is fast, dependable, and effective.
eToro admits the importance of having a quick order execution. A quick execution will allow users to trade without worrying about slippage safely. It will also help the dealers to grab any opportunities.
Copy trading is another major facet of eToro. A new dealer can learn from industry experts utilizing the automatic copy trading option. This means you can monitor well performing brokers and instantly mirror their trades and benefit from their expertise
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, eToro offers social trading which encompasses leading traders sharing their knowledge with the community. eToro's social trading platform allows traders to share their expertise with others to build a community of investors and traders. Which stocks they are following, what stocks to buy, and what stocks to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. This is independent copy trading.
eToro has over 100 trading tools to support all kinds of traders. These instruments are lively and suitable for both new and experienced traders. All traders can set aside all their worries when trading with eToro.
eToro Overview
Year Founded: 2007
Regulated By: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Hedquarters: Cyprus, UK
Minimum Deposit: $50
Number Of Clients: 20,000,000+
67% of retail investor accounts lose money when trading CFDs with this provider. US customers only have access to cryptocurrencies
If you feel that eToro is not right for you then at the bottom of this eToro review you will find a lot of alternatives to eToro.
What you should know about trading using eToro
eToro is a lively platform that offers various methods of trading. These instruments cover the monetary markets substantially. The Majority of the brokerage platforms provide fewer procedures than eToro
If you would like to exchange with eToro, you'll need a minimum deposit of $50. This deposit is compulsory if you wish to begin trading using eToro. This 2023 eToro review will guide you clearly about trading with them.
eToro is as versatile as another brokerage platform. eToro is excellent for traders that want a manageable assortment of low-cost services. The programs supplied by eToro are third-party, white-label offerings. All traders may select out of web trader, tablet & mobile apps
Together with everything, eToro has multiple benefits to new and verteran traders and should be investigated. There's no minimum time over which a trade has to be kept available. The brokers provide premium client service that rewards clients with advantages.
Many less reputable brokers try to pressurise users into bigger funding for premium services. eToro, on the other hand, is much more concentrated on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the greater advantages will become available.
eToro accounts are available all over the world and provides quality service everywhere they have clients. There are a few countries where eToro accounts are not available. Traders in the following countries cannot open or use a eToro account:
Iran, Democratic Peoples Republic of Korea, Belgium, Canada, Japan, Syrian Arab Republic, Turkey, Israel, Belarus, Albania, Republic of Moldova, North Macedonia, Serbia, Guinea, Democratic Republic of the Congo, Sudan, Zimbabwe, Ethiopia, Ghana, Tanzania, Libya, Uganda, Zambia, Botswana, Rwanda, Tunisia, Somalia, Namibia, Togo, Sierra Leone, Liberia, Gambia, Djibouti, Ivory Coast, Pakistan, Brunei Darussalam, Taiwan, Province of China, Samoa, Nepal, Singapore, US Virgin Islands, Turkmenistan, Tajikistan, Uzbekistan, Sri Lanka, Trinidad and Tobago, Haiti, Myanmar, Bhutan, Marshall Islands, Maldives, Kazakhstan, Grenada, Fiji, Barbados, Bermuda, Bahamas, Antigua and Barbuda, Anguilla, Aruba, Lebanon, El Salvador, United States of America, Paraguay, Honduras, Guatemala, Puerto Rico, Nicaragua, British Virgin Islands, and Netherlands Antilles.
Is eToro Safe To Trade With In 2023?
Established in 2007, eToro has been operating for 16 years, they have a head office in Cyprus, UK
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). These bodies have rules that ensure that trading platforms have steps in place to keep investor's assets procured. This means that eToro users don't need to worry about their money as it is segregated and safely stored in established banks. SSL encryption simplifies each user's personal information as well.
You can make use of an option for 2 Factor Authentications (2FA) with eToro for heightened safety. An SMS for the confirmation code will be sent to a mobile phone. You'll be required to input this code to log in to your account.
Another concern with online trading brokers is in respect to safety may be manipulation of trading. This is highly disadvantageous to users on these platforms. Nonetheless, this is much more widespread in the example of Market Maker brokers who compete with customers on the stage.
eToro Risk Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
eToro customers resident in the United States only have access to cryptocurrencies
Pro's & Con's Of Trading With eToro
Every online trading platform has a few pros and cons eToro review would be complete without having a balanced approach. This eToro review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
eToro Pro's
eToro is highly rated by us.
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
eToro has been trading for 16 years.
eToro offers customer support over the phone.
eToro provides customer support over email.
eToro gives access to customer support over livechat.
eToro is an award winning broker.
eToro has a low minimum deposit requirement.
You can trade Cryptocurrencies with eToro.
eToro has over 100 employees.
eToro offers social trading.
eToro offers copy trading.
eToro allows commodity trading.
You can trade metals with eToro.
You can trade energies with eToro.
eToro Con's
eToro doesn't offer guaranteed stop loss. eToro doesn't offer negative balance protection. eToro charges withdrawal fees. eToro charges inactivity fees. eToro doesn't allow scalping. eToro doesn't allow hedging.Compare Brokers Similar To eToro
Regulation And Licencing In More Detail
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
eToro, as a business, has a strong collection of rules for ensuring honest trading onto its own platform. For data encryption purposes, it supplies an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, client data is to not be shared with any other institutions or individuals. Including credit history and other financial information.
eToro Awards
eToro have won numerous industry awards over the time they have been running as an online broker. We show the most notable awards for eToro here.
- In 2011 eToro was awarded Best Social Trading Network by the World Finance Awards.
- In 2011 eToro was awarded Best Trading Software Provider.
- In 2011 eToro was awarded Best Mobile Trading Platform.
- In 2013 eToro was awarded Best Trading Platform.
- In 2019 eToro was awarded Best Platform for Trading Cryptocurrencies.
eToro Trading Platforms
eToro are a reputable brokerage that has been open for over 16 years. They offer a large range of options in their client accounts.
In the following table we take the main parts of any great online brokerage and compare eToro with freetrade, and easyMarkets.
eToro MetaTrader 4 (MT4)
MetaTrader 4 also known as MT4 is one of the top trading platforms on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to cover all your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.
The MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements.
You can start using the MetaTrader 4 platform with eToro in multiple formats including through an online web platform, or through a downloadable application for Windows PC's and Mac's. eToro MetaTrader 4 is compatible with the latest macOS. eToro allows traders to trade on mobile devices through Android and iOS devices.
Metatrader 4 Webtrader and eToro
MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators.
Trading With eToro MetaTrader 4 On iOS Devices
You can download the eToro app or also trade with eToro through the MetaTrader 4 application on the Apple app store.
Download the eToro MetaTrader 4 Program free of charge from Apple's App Store. eToro customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go.
Trading With eToro MetaTrader 4 On Android Devices
Andorid mobile devices and tablets are used by millions of people globally. eToro provides its clients access to the MetaTrader 4 platform on Android supported devices so that their 20,000,000+ customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android eToro MetaTrader 4 application enables traders to make the most of multiple advanced trading features which enables them to monitor and trade quickly on the go, simply and securely.
Minimum Deposit Required
The minimum deposit you must deposit to begin on eToro is $50. This is a decent amount for people just beginning. You can make more advanced residue as you cooperate. However, make certain that you understand how to make the most of your money before investing larger amounts.
Commission And Fees Explained
eToro is an online brokerage platform, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled better. That is, an online broker isn't necessarily influenced by the number of customers they have.
But this doesn't mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are mainly three types of fees for this objective.
The first sort of fees to look out for are trading fees. When you make an actual trade, like buying a stock or an ETF, you are charged trading charges. In such cases, you are paying a spread, funding speed, or even a commission. The kinds of trading charges and the prices vary from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread refers to the difference between the buying and selling cost. Funding or overnight prices are those who are charged when you hold a leveraged position for longer than daily.
Apart from trading charges, online agents also bill non-trading fees. These are determined by the actions you undertake in your accounts. They are charged for services like depositing cash, not investing for lengthy periods, or withdrawals.
Generally, eToro does not charge high fees in comparison to other online brokers. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for people who often exchange, for example daily or weekly trading.
But, non-trading fees billed by eToro are comparatively higher. As a result, you are billed more for non-trading actions on your trading accounts, like withdrawal and deposits. These aren't related to the purchase and sale of resources.
This eToro review breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees Of eToro
eToro Withdrawal Fees Explained
eToro charges a withdrawal fee when you create a bank transfer. Each time you move money into your bank accounts, these withdrawal charges become applicable.
Withdrawal of cash is possible at any moment from the eToro account. It's possible to draw up sums to the sum of your account balance, keeping aside the margin used. One thing to keep in mind is that you don't necessarily need to have any money in your account.
Moreover, the withdrawn money will be transferred directly to the accounts you use to create deposits. Therefore, in the event that you used a credit card for deposits, the withdrawn cash is going to be sent to the cardeToro will ask you to offer other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing money in different currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the money you're choosing to draw in.
eToro Inactivity Fees Explained
eToro charges an inactivity fee if you don't make any trades for a while.
Even if no charges have been implied by eToro, it's better for you to close the account if you're inactive. Inactivity fees are not only charged by broker firms but also many financial services.
For other trading platforms, the inactivity fee is contingent on the sort of account you've selected. The inactivity fee is subjected to a lot of conditions and needs to be disclosed clearly by the agent beforehand.
eToro Deposit Fees Explained
When you move money in your trading account by the bank account, a deposit fee can be charged by the broker. Most brokers do not charge too much money for this particular operation.
eToro doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash onto the eToro trading platform is simple. You simply have to complete a single-user profile survey to start depositing money into your trading account. You'll need to give an identity proof and proof of residency to deposit large sums.
Compare eToro Vs Other Broker Deposit Methods
What Can You Trade With eToro in 2023?
Note: eToro provides a lot of different trading instruments due to regulatory restrictions in many countries. Trading instruments offered can be different based on the country of residence of the client.
eToro has a wide variety of over 100 instruments available for you to trade with.
If trading currency pairs is of interest to you then eToro offer over 50 forex pairs.
Compare eToro, freetrade & easyMarkets below.
eToro Trading App Review
Note: eToro's mobile app has a lot of functionality and is being constantly developed. The table below was correct at the time of compiling this eToro broker review.
Understand the capabilities of the mobile apps of eToro, freetrade & easyMarkets below.
Trading Education Available At eToro
Understand the trading resources available with eToro, freetrade & easyMarkets below.
eToro Customer Support
As part of this eToro broker review we examined the customer service options including response times, and on the eToro trading platform problem solution effectiveness. eToro supports various languages including English, German, Spanish, French, and Italian
eToro Live Chat Support
We have tested the live chat on eToro and it works well. We have sent messages via eToro livechat via their website and app and recieved a response in less than 20 seconds. Sometimes , there was no response.
We have tested communication through eToro support in multiple languages and in various countries. eToro were successful in resolving client's concerns.
eToro Phone Support
We phoned eToro and the call was responded to very promptly. The call was answered within less than five to ten minutes.
The eToro phone support team were able to effectively address our queries and problems via phone. We tried the multilingual eToro team by making calls in various languages. eToro made an effort to make sure that our questions were addressed.
The overall support via phone from eToro was satisfactory.
eToro Email Support
We sent several email to eToro and the response times were all acceptable. The fastest email response from eToro was 4 hours while the most slow response was 8 days! There were times when there was no response. Support response times may vary for you at eToro, however we have had this experience sending out 10 emails at different times.
The team solved and responded to our questions. Average email support from eToro was outstanding.
Alternatives To eToro
If, after reading this eToro review, they do not meet your requirements check out these eToro alternatives.
We have scoured the web to find the best alternatives to eToro. Click on the hyperlinks below to learn more.
Frequently Asked Questions
Can I try eToro before I buy?
Absolutely! you can most certainly try eToro before you buy. eToro provides demo accounts for the ease of inexperienced traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.
If you register for a demonstration account on eToro, you may set out using a decent amount of virtual currency. It's to establish a feeling of safety and confidence in you before you decide to spend your own money.
With a virtual eTorodemo account, you are able to experiment at all, to whatever period you wish. You might even start positions, examine different trading approaches, and much more.
eToro specifies on its official site how you can exchange real time stocks with your demo account.
Is eToro safe?
You can drop all of your worries because we believe that eToro is perfectly safe to use. It's in compliance with the rules of Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
Nevertheless, eToro does not provide assured stop-loss protection.
Why does eToro ask for my passport?
The reason that eToro asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, eToro has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, eToro must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with eToro?
The process to start trading with eToro is super simple. You need to begin by signing up on the eToro website. It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC (Know Your Customer) checks but eToro are normally pretty quick with this.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with eToro is $50. You should have a good {understanding of|hold over} the {details|nuances} of online trading before you set out and trade with real money as losses can exceed deposits.
If you are confident of your knowledge and understanding, you can open an account with eToro.
The best way to kickstart your trading career with eToro is to open a demo account facility before risking any real money
What funding methods do eToro accept?
There are a number of ways to fund your account with eToro. The process is effortless and quick, with various payment methods in your fingertips.
You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You have to bear in mind that PayPal is not available in all country. The currencies eToro accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
Other deposit methods you can embrace are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is an opportunity as well, even though it takes about 4-7 days.
Is my money safe with eToro?
Yes, your cash is safe and secure with eToro. As you already know, eToro works with good conformation to regulations. It's established plenty of steps to protect all its own investors.
eToro protects its customers' private and sensitive data under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you want to further safeguard your accounts, you can enable Two-Step Verification also. It requires an SMS affirmation for you to get your accounts.
Is eToro trading good?
Yes, trading via eToro is a pleasant and good experience indeed. It is a great and intuitive platform with helpful features for your simplicity. Moreover, you can also obtain access to a huge collection of educational resources and assistive substance to kickstart your trading experience.
If you are still skeptical, you can start a eToro demo account and evaluate the trustworthiness of the platform for yourself.
Which Countries do eToro support?
eToro operates around the globe. However, due to regulations eToro cannot accept clients from Iran, Democratic Peoples Republic of Korea, Belgium, Canada, Japan, Syrian Arab Republic, Turkey, Israel, Belarus, Albania, Republic of Moldova, North Macedonia, Serbia, Guinea, Democratic Republic of the Congo, Sudan, Zimbabwe, Ethiopia, Ghana, Tanzania, Libya, Uganda, Zambia, Botswana, Rwanda, Tunisia, Somalia, Namibia, Togo, Sierra Leone, Liberia, Gambia, Djibouti, Ivory Coast, Pakistan, Brunei Darussalam, Taiwan, Province of China, Samoa, Nepal, Singapore, US Virgin Islands, Turkmenistan, Tajikistan, Uzbekistan, Sri Lanka, Trinidad and Tobago, Haiti, Myanmar, Bhutan, Marshall Islands, Maldives, Kazakhstan, Grenada, Fiji, Barbados, Bermuda, Bahamas, Antigua and Barbuda, Anguilla, Aruba, Lebanon, El Salvador, United States of America, Paraguay, Honduras, Guatemala, Puerto Rico, Nicaragua, British Virgin Islands, and Netherlands Antilles.
Is eToro legit?
eToro is a legit company headquarted in Cyprus, UK since 2007. They are regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). eToro is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is eToro a good broker?
eToro is a great agent, and its own users may vouch for this. The highlight of this platform is its fast order execution on trades.
You will find the clean layout of the platform along with the admirable features are pleasant to work with.
Is eToro a trustworthy broker?
Yes, eToro is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 20,000,000+ users registered with them can affirm to their trustworthy nature.
Click here to see the eToro TrustPilot page
What is the minimum deposit for eToro?
The minimum deposit to open a live account with eToro is $50
How long do eToro withdrawals take?
Normally, withdrawal of money from eToro is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for a withdrawal from eToro to show in your bank account and withdrawls are available in any of the following currencies.
USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD
Is eToro regulated?
eToro are regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Is eToro a market leading broker?
eToro is indisputably among the industry leaders. It has over 20,000,000+ registered customers and over 16 years of expertise on its record. They are one of the world's top trading platforms and also a prominent figure in the Fintech revolution.
It simplifies this standing to its unbelievable platform and broad selection of tools plus resources so you may put money into capital markets.
Is eToro a con?
No, eToro is not a con. They are regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) and must adhere to their rules. Thus, it is safe to say that eToro is not a scam.
Can you make money with eToro?
Through eToro, many traders make a lot of money. However, just like all online brokerages, it is important to note that traders can also lose money. In particular, 67% of retail investor accounts lose money when trading CFDs with this provider. US customers only have access to cryptocurrencies
This can look like a little number, but over the year, it adds to a substantial number of gains. While eToro supply you all of the tools to make money, they cannot guarantee that you will profit.
Does eToro have fees?
Yes. To begin trading with eToro, you have to deposit $50. Particular commissions while trading also apply. Any processing fees from your bank might have to be incurred by you.
When was eToro founded?
eToro was founded in 2007 in Cyprus, UK. eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
How many people use eToro?
eToro is a globally recognised agent with 20,000,000+ clients.
Where is the eToro head office?
eToro has its head office in Cyprus, UK
Does eToro offer negative balance protection?
No. eToro doesn't provide negative balance protection. If your balance is negative, eToro suggests that you contact customer services. With this, you can fix any imbalances within your own account.
Does eToro offer guaranteed stop loss?
eToro, unfortunately, does not offer guaranteed stop loss. eToro gives an opportunity for its dealers to close their trade in their specified price. Aside from that, eToro doesn't offer guaranteed stop loss.
Does eToro allow scalping?
No, the stipulations of eToro do not condone scalping. It's a trading technique which is not permitted on the agent's platform. You should consult with eToro's provisions and conditions to read more about its own policies.
Does eToro allow hedging?
No, unfortunately eToro does not allow hedging.
Can you trade energies with eToro?
Yes, you can trade energy stocks with eToro
Can you trade agricultural shares with eToro?
Yes, you can trade agricultural stocks with eToro
Can you trade cryptocurrency with eToro?
Yes, you can trade cryptocurrency with eToro
Can you trade metals with eToro?
Yes, you can trade metals with eToro
Can you trade UK Shares with eToro?
Yes, you can trade UK shares with eToro
Can you trade US Shares with eToro?
Yes, you can trade US shares with eToro
Can you trade Japanese Shares with eToro?
Yes, you can trade Japanese shares with eToro
Can you trade German Shares with eToro?
Yes, you can trade German shares with eToro
Does eToro accept bank transfers?
Yes, eToro accepts bank transfers for depositing money.
Does eToro accept credit cards?
Yes, eToro accepts credit cards for depositing money.
Does eToro accept PayPal?
Yes, eToro accepts PayPal for depositing money.
Does eToro accept Skrill?
Yes, eToro accepts Skrill for depositing money.
Skrill (formerly Moneybookers) is an online wallet service that was established in 2001. It offers a range of online payment and money transfer services.
Since its launch, Skrill has expanded to be available in more than 120 countries, with its digital wallet available in 40 different currencies. Customers can deposit money into their Skrill wallet through a variety of payment options including by card, bank transfer, and several alternative payment options. The funds can later be used to make payments to merchants, others Skrill users, or transferred to cryptocurrency.
Skrill also provides cross-border payment through its remittance services Skrill Money Transfer. The service enables customers to send money to a bank account overseas by using their credit card. In 2015, Skrill was acquired by the Paysafe Group along with former competitors Neteller and prepaid payment service paysafecard.
Skrill has a variety of licenses that allow it to provide its services across Europe and around the world. Skrill is managed through Paysafe Payment Solutions Limited, a company incorporated in Ireland and is regulated by the Central Bank of Ireland, for its European controlled activities. Skrill's operations outside Europe are managed by European Economic Area are operated by Skrill Limited - a company which is incorporated in the United Kingdom and regulated by the Financial Conduct Authority.
Does eToro accept Payoneer?
Yes, eToro accepts Payoneer for depositing money.
Payoneer is an American financial services company that provides online money transfer, digital payment services and provides customers with working capital.
Account holders can send or receive funds via an ewallet, virtual bank account number in local currency, or a reloadable prepaid MasterCard debitcard. Money received can then be withdrawn to a bank account or used online / at points of sale with the Payoneer debit card. This company is a specialist in cross-border B2B transactions. The company facilitates cross-border transactions in more than 200 countries and territories, as well as more than 150 local currencies. It also offers cross-border wire transfers, online payments and refillable debit cards services.
Companies like Airbnb, Amazon, Google and Upwork use Payoneer to send mass payouts around the world. It is also used by eCommerce marketplaces such as Rakuten, Walmart and Wish.com, freelance marketplaces such as Fiverr and Envato, and works with ad networks to connect these firms with publishers based outside of their headquartered country.
In the content creation space, Payoneer works with Getty Images, iStock, Pond5, and others as well as in the freelance marketplace.
Payoneer's customer service team includes 320 employees that support 4,000,000 customers in 70 languages and in 150 currencies.
In October 2019, the company launched a service aimed for small and medium-sized businesses to send payments anywhere in the world quickly and cheaply.
Does eToro accept Neteller?
Yes, eToro accepts Neteller for depositing money.
Does eToro offer Live Chat customer support?
Yes, eToro offers customer support through live chat.
Does eToro offer phone customer support?
Yes, eToro offers customer support over the telephone.
Does eToro offer email customer support?
Yes, eToro offers customer support through email.
What languages can eToro communicate in?
eToro has the ability to communicate and support customers who speak: English, German, Spanish, French, and Italian
Does eToro have a wikipedia page?
Yes, eToro does have a wikipedia page. It can be found at https://en.wikipedia.org/wiki/EToro
Does eToro offer demo accounts?
Yes, eToro offers virtual portfolio accounts so you can test your trading strategies before risking any real money. Inexperienced traders can open a virtual portfolio account in order to better understand the aspects of Forex trading and test out some of the features before signing up for a live account.
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