eToro Review: | 2024 Update
This eToro review has been updated for 2024 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 broker 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+ customers 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 most recent information about eToro.
If you are a new entrant in the world of online trading and brokerages, so many details will no doubt be perplexing for you. Getting into the area of trading online requires expert analytical skills and comprehensive understanding. You will get proficient at all of the concepts of online trading and brokerages as you keep trading. For starters, you need to choose the ideal agent who'll constantly be transparent with you.
In the fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment online broker could aid you in minimising any potential losses and maximising any returns. eToro is just one such broker that can assist you. It's crucial that you understand all you can about any broker before you trust them with your money.
When engaging in online trading with platforms such as eToro, it's crucial to meticulously examine eToro as your broker, as this choice can greatly influence your success. Selecting the right broker is vital for your eToro investments to thrive. However, be cautious of bogus and untrustworthy brokers hiding in the shadows, ready to exploit naive traders.
It's essential to be vigilant and comprehensive in your eToro broker selection to protect your hard-earned money. Performing your due diligence and researching the reliability of eToro, its track record, and reputation is vital. Moreover, ensure the eToro broker's offerings, trading tools, fees, and regulation align with your preferences.
Remember, eToro should be a reliable companion on your trading journey.
Our team has strived to simplify the intricate world of trading with eToro into easily understandable information in this eToro review. Our goal is to equip you with the knowledge necessary to confidently use eToro trading tools, ranging from depositing and withdrawing funds to executing trades.
We recognize that well-informed decisions with eToro are the cornerstone of successful trading. As such, we've provided this comprehensive eToro review. So, settle in, grab a cup of coffee, and immerse yourself in learning about eToro and how it can benefit you, or if eToro might not be the right fit for you.
eToro Review for 2024 – Brief 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 |
67% of retail investor accounts lose money when trading CFDs with this provider. US customers only have access to cryptocurrencies |
Our full eToro review for beginners covers everything you will need to know about trading via eToro. A fantastic broker can take your first investments and help to protect it from losses but also give you a platform that can help to provide you positive profits. If you want to make profits, you should trade with a broker service that aligns with your investing objectives.
Of course, there's absolutely no sure-fire method to ensure profits; thus, you should carefully analyze your broker before you select them. It is a common misconception that all brokers are the same, but that's not true. Wrong judgment, initially, can put your investments at risk.
eToro is a trading partner which has found its way successfully to the broker world. In this review, we have attempted to collate a number of the important facets of eToro. This guide will allow you to understand whether eToro is a great fit for your own investments or not. We have attempted to breakdown all of the qualities and fees for your convenience.
Who are eToro?
eToro is a online trading broker with its head office in Cyprus, UK and provides a range of tools for online trading. Since its start in 2007 they have emerged as a top-tier player in the industry of online trading. eToro has a highly aggressive and full-featured trading website that is focused on currency, indices, metals, stocks , commodities.
Over the past 17 years, eToro has developed into one of the top online brokers available to the public.
After launching in 2007, their customer base has increased to 20,000,000+ clients.
eToro is the favourite of many traders . Our eToro account review found that they're a superb solution for online trading solutions. They are most appropriate for investors who are looking for an assortment of assets. Social and easy to use trading solutions are the core at eToro.
Technology plays a significant role at eToro. They offers trading on web trader, tablet & mobile apps. eToro is fair, transparent, and a well-regulated agent by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). Their outstanding array of resources will be beneficial for the majority of traders. Third-party partnerships also provide in-house analysis.
Who Founded eToro?
The founders of eToro are Yoni Assia, Ronen Assia, David Ring
The creators of eToro are known for their expertise in the sphere of online trading. However, there are a lot of other important men and women in eToro who have a significant impact on it's success.
The educational section at eToro is very insightful for new traders as it permits them to have a closer look at the financial markets. eToro caters to all sorts of traders and are a must-have broker for any well-diversified approach to online trading.
eToro Review Videos
Benefits of using eToro in 2024
Trading with eToro includes numerous advantages. These benefits are what sets eToro ahead of all other online agents. You need to check all the advantages listed so you have a better comprehension of eToro.
The agent goes to great lengths to understand what traders need. As a result, the service, quick, and convenient. The broker also provides a number of platforms for all kinds of traders. eToro helps to ensure that the individual needs of all traders are met to the best of their capabilities.
eToro also includes excellent trading conditions which are available to all and not only an elite class of institutional clients. The tight spreads and fast executions are a fantastic benefit for all traders. The technology adopted by eToro is among the maximum caliber, ensuring that it's fast, dependable, and effective.
eToro admits the importance of owning a fast order execution. A fast implementation will allow users to exchange without worrying about slippage safely. It will also aid 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 allows you to see well performing traders and instantly copy their trades and benefit from their experience
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. What stocks they are monitoring, what to buy, what 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 types of traders. These tools are dynamic and convenient for both new and experienced traders. All dealers can put aside all their concerns when trading using 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.
Everything you should know about trading with eToro
eToro is a lively platform that provides various techniques of trading. These instruments cover the financial markets substantially. The Majority of the broker platforms offer less approaches than eToro
If you would like to exchange with eToro, you will need a minimum deposit of $50. This deposit is compulsory if you wish to begin trading using eToro. This 2024 eToro review will guide you safely about trading with them.
eToro is as versatile as any other broker platform. eToro is ideal for traders who want a manageable array of cheap services. The programs provided by eToro are third party, white-label offerings. All traders can pick out of web trader, tablet & mobile apps
Along with everything, eToro has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a transaction has to be kept available. The agents offer premium customer service which rewards customers with advantages.
Many less reputable brokers try to pressurise customers into bigger financing for premium services. eToro, though, is more concentrated on trading volume. Dealers can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the consumer, the more advantages will come along.
eToro accounts are available around the world and provides excellent service wherever they have customers. There are some select 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 2024?
Founded in 2007, eToro has been operating for 17 years, they are headquarted in Cyprus, UK
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). These figures have rules that mandate that trading platforms have measures in place to maintain investor's resources 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 secures every user's private information also.
You are able to make use of a choice for Two Factor Authentications (2FA) with eToro for heightened security. An SMS with the confirmation code will be sent to your mobile phone. You'll be required to enter this code to log into your accounts.
Another concern with online brokers is in regards to security might be manipulation of trading. This is highly disadvantageous for users on these platforms. Nonetheless, this is more prevalent in the example of Market Maker agents who compete with users on the platform.
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 ups and downs, and no 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 17 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 company, has a powerful collection of rules for ensuring honest trading on its platform. For information encryption functions, it provides an industry-standard secure socket layer (SSL).
In accordance with the organization's privacy regulations, customer information is never to be shared with some other institutions or individuals. Including credit history and other financial information.
eToro Awards
eToro have won several industry awards over the years they have been operating as a financial broker. We show the most notable awards for eToro below.
- 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 operating for over 17 years. They offer a large range of options in their client accounts.
Below we take the main parts of any good online broker and compare eToro against Startrader, and freetrade.
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 that you must deposit to get started on eToro is $50. This is a decent amount for people just starting out. It's possible to create more advanced deposits as you go along. But, make certain that you know how to make the most of your cash before investing in larger amounts.
Commission And Fees Explained
eToro is an online broker platform, and most online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled better. That is, an internet broker is not necessarily influenced by the amount of clients they have.
However, this does not necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for various services to earn money. There are primarily three types of penalties for this purpose.
The first kind of charges to look out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you're billed trading charges. In such instances, you're paying a spread, financing speed, or a commission. The sorts of trading fees and the prices vary from broker to broker.
Commissions can be fixed or determined by the traded volume. On the flip side, a spread refers to the gap between the buying and selling price. Financing or overnight prices are those who are charged when you hold a leveraged position for more than a day.
Aside from trading charges, online brokers also charge non-trading fees. These are dependent on the activities you undertake in your account. They are billed for services like depositing money, not trading for lengthy periods, or withdrawals.
In general, eToro doesn't charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a smaller sum. This is beneficial for people who regularly trade, for example daily or weekly trading.
But, non-trading fees billed by eToro are comparatively competitive. As a result, you're billed more for non-trading actions in your trading accounts, like deposits and withdrawal. These aren't about the purchase and sale of assets.
This eToro review breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees Of eToro
eToro Withdrawal Fees Explained
eToro charges a withdrawal fee when you make a bank transfer. Each time you move money back into your bank account, these withdrawal fees become applicable.
Withdrawal of cash is possible at any moment from your eToro account. It's possible to withdraw up sums to the amount of your account balance, keeping aside the margin used. 1 thing to keep in mind is that you don't always need to have any cash on your account.
Moreover, the withdrawn money will be transferred directly to the accounts you use to make deposits. Thus, in the event that you used a credit card for deposits, the withdrawn money 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 are withdrawing money in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the money you are opting to draw in.
eToro Inactivity Fees Explained
eToro charges an inactivity fee when you don't make any trades for a while.
Even if no charges have been implied by eToro, it is better for you to close the account if you are inactive. Inactivity fees are not only charged by brokerage companies but also many financial services.
For other trading platforms, the inactivity fee depends on the sort of account you have chosen. The inactivity fee is subjected to many circumstances and should be revealed clearly by the agent beforehand.
eToro Deposit Fees Explained
When you transfer money into your trading account from the bank account, a deposit fee can be charged by the broker. Most brokers don't charge too much money for this operation.
eToro doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the eToro trading platform is simple. You simply need to finish a single-user profile survey to start depositing money into your trading account. You'll need to give an identity proof and evidence of residency to deposit substantial amounts.
Compare eToro Vs Other Broker Deposit Methods
What Can You Trade With eToro in 2024?
Note: eToro provides many different trading instruments due to regulatory restrictions in many countries. Trading instruments offered will 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 forex pairs is of interest to you then eToro offer over 50 forex pairs.
Compare eToro, Startrader & freetrade below.
eToro Trading App Review
Note: eToro's mobile app has a lot of functions and is being constantly improved. The table below was accurate at the time of writing this eToro broker review.
Understand the capabilities of the mobile apps of eToro, Startrader & freetrade below.
Trading Education Available At eToro
Understand the trading resources available with eToro, Startrader & freetrade below.
eToro Customer Support
As part of our eToro broker review we tested the customer service options, response times and on the eToro trading platform problems solution effectiveness. eToro supports many languages including English, German, Spanish, French, and Italian
eToro Live Chat Support
We have tested the live chat on eToro and it worked flawlessly. We have sent messages through the eToro livechat via their website and app and recieved a response within 20 seconds. There was sometimes no response.
We tested communicating through eToro support in a variety of languages across multiple countries. eToro were successful in resolving customers' problems.
eToro Phone Support
We called eToro and the call was answered extremely promptly. It was responded to within less than 5-10 minutes.
The eToro phone support team were able to successfully address our questions and issues over the phone. We tested the multi-lingual eToro team by making calls in various languages. eToro made efforts to ensure that our questions were addressed.
Overall, the phone support from eToro was okay.
eToro Email Support
We have sent numerous messages to eToro and answer times overall were satisfactory. The fastest email response time from eToro was 2 hours while the longest response time was 3 days! Sometimes , 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 resolved and answered our questions. Overall average email support from eToro was satisfactory.
Alternatives To eToro
If, after reading this eToro review, they do not meet your needs check out these eToro alternatives.
We have scoured the web to find the best alternatives to eToro. Click on the links below to find out more.
Frequently Asked Questions
Can I try eToro before I buy?
Absolutely! you can most definitely try eToro before you buy. eToro provides demo accounts for the ease of new traders. You may use this feature to build your faith in the machine and yourself and your trading strategies.
If you sign up to get a demo account on eToro, you may set out using a decent amount of virtual money. It's to establish a sense of security and confidence in you before you choose to spend your own money.
With this virtual eTorodemo account, you can experiment at all, to whatever length you wish. You can also open positions, test different trading approaches, and more.
eToro specifies on its official website how you are able to exchange real time stocks in a demo account.
Is eToro safe?
It is possible to drop all of your worries because we believe that eToro is perfectly safe to use. It's in compliance with all the principles of Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
Even so, eToro does not have 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 multiple methods to finance your accounts with eToro. The process is effortless and quick, with different payment methods in your fingertips.
You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You must keep in mind that PayPal is not available in all place. The monies eToro accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
Other deposit techniques you can adopt are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is an opportunity also, though it takes approximately 4-7 days.
Is my money safe with eToro?
Yes, your money is safe and secure with eToro. As you know, eToro works with good conformation to regulations. It's established lots of measures to guard all its investors.
eToro protects its clients' personal 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 empower Two-Step Verification also. It requires an SMS affirmation that you access your accounts.
Is eToro trading good?
Yes, trading through eToro is a nice and decent experience indeed. It is an excellent and intuitive platform with helpful features for your ease. Moreover, you could also obtain access to a vast collection of educational tools and assistive substance to kickstart your trading expertise.
If you are still skeptical, it is possible to open a eToro demo account and assess the credibility of the platform for yourself.
Which Countries do eToro support?
eToro operates around the world. However, due to regulations eToro cannot accept clients resident 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.
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 the platform is its fast order execution on transactions.
You will find the clean design of the platform and the commendable features that 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 17 years of expertise on its own record. They are one of the world's top trading platforms and a prominent figure in the Fintech revolution.
It simplifies this status to its incredible platform and wide range 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 earn a great deal 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 may seem to be a small number, but over the entire year, it adds to a significant number of gains. Even though eToro supply you all of the tools to make money, they can't guarantee that you will profit.
Does eToro have fees?
Yes. To begin trading using eToro, you have to deposit $50. Particular commissions while trading additionally applies. Any processing fees from your bank will 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 worldwide recognised broker 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 offer negative balance protection. If your balance is unfavorable, eToro indicates that you contact client services. For this, you can correct any imbalances within your own account.
Does eToro offer guaranteed stop loss?
eToro, regrettably, does not provide guaranteed stop loss. eToro gives a chance to its traders to close their trade at their given price. Aside from this, eToro doesn't offer guaranteed stop loss.
Does eToro allow scalping?
No, the terms and conditions of eToro do not condone scalping. It's a trading technique which is not permitted on the broker's platform. You must refer to eToro's provisions and conditions to see more about its 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 a digital wallet provider established in 2001 which offers a range of payment options online and money transfer services.
Since launch, Skrill has expanded to operate in over 120 countries with the digital wallet that is available in more than 40 currencies. Customers can deposit money into their Skrill wallet through a variety of payment options including by bank transfer, card and a variety of other payment methods. The funds can later be used to pay for merchants or others Skrill customers, or converted to cryptocurrency.
Skrill also offers cross-border payments via its remittance service Skrill Money Transfer. The service enables customers to send money to a bank account overseas with their bank card. In 2015, Skrill has been acquired by Paysafe Group along with former rival Neteller and the prepaid payment company paysafecard.
Skrill has several licences that permit it to provide its services throughout Europe and globally. Skrill is run via Paysafe Payment Solutions Limited, an entity that is incorporated in Ireland and is regulated by the Central Bank of Ireland, for its European controlled activities. Skrill's operations outside of the European Economic Area are operated by Skrill Limited - a company that is incorporated inside 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 and receive funds using an e-wallet, a virtual bank account number in a local currency or a re-loadable prepaid MasterCard debit card. The Payoneer debit card allows money to be used online or at point-of-sale with the Payoneer debit cards. 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 has a customer care team with 320 employees who support 4 million customers in 70 languages, operating in 150 different 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 demo 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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Table Of Contents
- Who are eToro?
- Benefits Of Trading With eToro
- Everything you should know about trading with eToro
- Is eToro Safe To Trade With?
- eToro Risk Disclaimer
- Pro's & Con's Of Trading With eToro
- Compare Brokers Similar To eToro
- eToro Regulation And Licencing
- eToro Awards
- Minimum Deposit Required For A Live Account With eToro
- eToro Commission And Fees
- Compare broker fees against eToro
- eToro Withdrawal Fees Explained
- eToro Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With eToro?
- eToro Customer Support
- eToro Live Chat Support
- eToro Phone Support
- eToro Email Support
- Alternatives To eToro
- Frequently Asked Questions About eToro