eToro Review: Pros & Cons | 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 employees 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're a new entrant in the realm of trading online and brokerages, so many nuances will no doubt be confusing for you. Getting into the area of trading online requires expert analytical skills and comprehensive knowledge. You'll acquire adept at all the concepts of trading online and brokers as you keep trading. For starters, you need to choose the right online broker who'll constantly be transparent with you.
Within this fast-paced world of stock markets and online trading, you'll need guidance to make sensible decisions. A professional, direct investment online broker could help you in minimising any losses and maximising any returns. eToro is one such platform which will help you. It is crucial that you learn about any broker until you trust them with your cash.
When engaging in online trading with platforms such as eToro, it's crucial to thoroughly evaluate eToro as your broker, as this choice can determine your success. Selecting the right broker is vital for your eToro investments to thrive. However, be cautious of fraudulent and untrustworthy brokers hiding in the shadows, ready to exploit naive traders.
It's essential to be prudent and comprehensive in your eToro broker selection to protect your hard-earned money. Performing your due diligence and researching the credibility of eToro, its track record, and reputation is vital. Moreover, ensure the eToro broker's offerings, trading tools, fees, and regulation align with your requirements.
Remember, eToro should be a reliable companion on your trading journey.
Our team has devoted their efforts 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, make yourself comfortable, grab a cup of coffee, and immerse yourself in learning about eToro and how it can work to your advantage, or if eToro might not be the right fit for you.
eToro Review for 2024 – 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 need to know about trading with eToro. A fantastic broker can take your first investments and help to protect it from losses but also provide 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 investment objectives.
Of course, there is no sure-fire way to guarantee profits; therefore, you should carefully analyze your agent before you select them. It is a frequent misconception that all brokers are the same, but that's not correct. Wrong judgment, in the beginning, can set your investments in danger.
eToro is a trading partner that has forged its way successfully into the broker world. Within this review, we have tried to collate some of the important facets of eToro. This guide can allow you to understand whether eToro is a fantastic match for your own investments or not. We have attempted to breakdown all of the features and fees for your convenience.
Who are eToro?
eToro is a foreign exchange broker with its head office in Cyprus, UK and provides a variety of instruments for trading. Since its establishment in 2007 they have emerged as a top player in the industry of online trading. eToro includes an extremely professional and full-featured trading website that's focused on currency, indices, metals, stocks , commodities.
Over the past 17 years, eToro has grown into one of the best online brokers available to the public.
After establishing itself in 2007, their client base has become as large as 20,000,000+ clients.
eToro is the favourite of many stock dealers . Our eToro account review discovered that they're a professional choice for online trading solutions. They're most appropriate for investors that are looking for an assortment of assets. Social and easy to use trading solutions are the heart at eToro.
Technology plays a significant role in eToro. They features 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 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 experience in the sphere of internet trading. However, there are a lot of other key people in eToro who have a substantial contribution to it's success.
The educational section at eToro is quite insightful for new traders as it allows them to have a closer look at the financial markets. eToro caters to all types of traders and are a must-have broker for almost any well-diversified method of online trading.
eToro Review Videos
Benefits of trading with eToro in 2024
Trading with eToro comes with many advantages. These benefits are what sets eToro ahead of the rest of the online agents. You need to check all the benefits listed so you have a better understanding of eToro.
The agent goes to great lengths to comprehend what traders want. As a result, the support, quick, and convenient. The broker also provides a variety of programs for all types 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 which are available to all and not just 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 of the highest caliber, ensuring that it is fast, dependable, and effective.
eToro acknowledges the significance of having a fast order execution. A quick execution enables users to trade without fretting about slippage safely. It will also aid the traders to grab any opportunities.
Copy trading is another major aspect of eToro. A new trader can learn from industry experts using the automated copy trading alternative. This allows you to see the best performing traders 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. What stocks they are monitoring, what to buy, what to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. It is a more independent version of copy trading
eToro has over 100 trading tools to support all kinds of traders. These instruments are dynamic and convenient for both new and seasoned traders. All dealers can set 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.
What you ought to know about trading using eToro
eToro is a lively platform that provides various procedures of trading. These instruments cover the financial markets substantially. The Majority of the broker platforms offer less approaches than eToro
If you wish to exchange with eToro, you'll need a minimum deposit of $50. This deposit is required if you wish to start trading using eToro. This 2024 eToro review will direct you clearly about trading with them.
eToro is as flexible as another brokerage platform. eToro is excellent for traders that want a manageable range of low-cost services. The programs supplied by eToro are third-party, white-label offerings. All traders can select from 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 open. The agents offer premium customer service which rewards clients with benefits.
Many unprofessional brokers try to pressurise users into bigger funding for premium services. eToro, on the other hand, is much more focused on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the more benefits will become available.
eToro accounts are available all over the world and provides excellent 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 2024?
Launched in 2007, eToro has been open for 17 years, they have a head office in Cyprus, UK
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). These figures have rules that ensure that trading platforms have ploicies in place to keep investor's assets procured. This means that eToro users do not need to be worried about their money since it is segregated and safely kept in established banks. SSL encryption simplifies each user's personal information also.
You are able to make use of an option for 2 Factor Authentications (2FA) with eToro for increased safety. An SMS for the confirmation code will be sent to your phone. You will be asked to input this code to log into your account.
Another concern with online trading brokers with regards to safety might be manipulation of trading. This is highly disadvantageous to consumers on these platforms. However, this is much more widespread in the example of Market Maker agents who compete with users 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 some 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 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 business, has a strong collection of rules for ensuring honest trading onto its platform. For data encryption purposes, it supplies an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, client information is never to be shared with some other institutions or individuals. Including credit history and other financial information.
eToro Awards
eToro have won numerous industry awards over the years they have been running as a financial broker. We detail 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 professional brokerage that has been trading for over 17 years. They offer a wide range of options in their customer accounts.
In the following table we take the main parts of any professional online trading platform 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 you must deposit to begin on eToro is $50. This is a decent amount for people just starting out. You can make more complex deposits as you cooperate. However, make certain that you understand how to make the most of your money before investing in larger amounts.
Commission And Fees Explained
eToro is an online broker platform, and many online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled better. That is, an internet broker is not necessarily affected by the number of customers they have.
But this does not mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to earn money. There are primarily 3 types of penalties for this purpose.
The first kind of charges to keep an eye out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you're billed trading charges. In these instances, you're paying a spread, financing speed, or a commission. The sorts of trading charges and the prices vary from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread refers to the difference between the buying and selling price. Funding or overnight prices are those who are billed when you maintain a leveraged position for more than daily.
Apart from trading fees, online agents also bill non-trading fees. These are dependent on the activities you undertake in your account. They're billed for services like depositing cash, not investing for long periods, or withdrawals.
In general, eToro does not charge high fees compared to other online agents. For operations other agents charge for, they do not charge a broker fee, or they charge a lesser amount. This is beneficial for people who often trade, such as daily or weekly trading.
However, non-trading fees billed by eToro are relatively higher. As a result, you're billed more for non-trading actions in your trading account, like deposits and withdrawal. These aren't about the purchase and sale of resources.
This eToro review breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees Of eToro
eToro Withdrawal Fees Explained
eToro charges a withdrawal fee if you make a bank transfer. Every time you transfer money into your bank accounts, these withdrawal fees become important.
Withdrawal of cash is possible at any moment from your eToro account. It's possible to withdraw up sums to the sum of your account balance, keeping aside the perimeter used. One thing to remember is that you don't always need to have any cash in your accounts.
Moreover, the withdrawn money will be transferred directly to the account you use to make deposits. Therefore, if you used a credit card for deposits, then the withdrawn cash is going to be sent into the cardeToro will ask you to provide other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you are withdrawing money in different currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the currency you are 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 fees are implied by eToro, it's best that you close the account if you're inactive. Inactivity fees are not only charged by brokerage companies but also many financial services.
For additional trading platforms, the inactivity fee depends upon the type of account you've selected. The inactivity fee is subjected to a lot of conditions and should be revealed clearly by the broker beforehand.
eToro Deposit Fees Explained
When you move money into your trading account by your bank account, a deposit fee can be charged by the broker. Most agents don't charge an excessive amount of 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 easy. You just have to finish a single-user profile questionnaire to begin depositing money into your trading account. You will need to provide an identity evidence and proof 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 a few 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 currency 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 functionality and is being constantly improved. The table below was correct at the time of compiling 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
For this eToro broker review we examined the customer service options including response times, and on the eToro trading platform problems solution effectiveness. eToro support many languages including English, German, Spanish, French, and Italian
eToro Live Chat Support
We tried the livechat experience with eToro, and it was very effective. We made a request to eToro livechat via their website and app and got a reply in less than 20 seconds. Sometimes there was no response.
We have tested communication with eToro support in multiple languages and in various countries. eToro were successful in resolving customers' issues.
eToro Phone Support
We called eToro and the call was responded to very quickly. The call was answered within less than 5-10 minutes.
The eToro phone support team were able to successfully address our questions and issues on the phone. We tested the multi-lingual eToro team by calling in varying languages. eToro made an effort to make sure that our questions were addressed.
The overall support via phone from eToro was okay.
eToro Email Support
We have sent numerous emails to eToro and responses were generally outstanding. The fastest email response from eToro was 5 hours and the most slow response was 8 days! Sometimes , there were no responses. Support response times may vary for you with eToro, however, we've had the experience of 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 studying this eToro review, they do not fulfill your needs check out these eToro alternatives.
We've scoured the internet 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?
Yes, you can most definitely try eToro before you buy. eToro offers demo accounts for the ease of beginner traders. You may use this feature to build your faith in the system and yourself and your trading strategies.
If you register to get a demonstration account with eToro, you will set out with 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 desire. You can even open positions, examine different trading strategies, and much more.
eToro specifies on its official site that you are able to exchange real time stocks in a demo account.
Is eToro safe?
It is possible to drop all of your worries since we believe that eToro is completely safe to use. It is in compliance with the rules of Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
Nevertheless, 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 ways to finance your accounts with eToro. The process is effortless and quick, with different payment methods at your fingertips.
You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You have to bear in mind that PayPal isn't available in every 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 a possibility also, though it takes about 4-7 days.
Is my money safe with eToro?
Yes, your money is safe and secure with eToro. As you already know, eToro operates with good conformation to regulations. It has established plenty of steps to protect all of its own investors.
eToro protects its clients' private and sensitive information under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you want to further safeguard your account, it is possible to empower Two-Step Verification as well. It takes an SMS affirmation for you to access your account.
Is eToro trading good?
Yes, trading via eToro is a pleasant and decent experience indeed. It's a great and intuitive platform with useful features for your ease. In addition, you can also obtain access to a huge collection of educational resources and assistive material to kickstart your trading expertise.
If you are still skeptical, you can open a eToro demo account and assess the credibility of the platform on your own.
Which Countries do eToro support?
eToro operates around the globe. However, due to regulations eToro can't 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 an excellent agent, and its users may vouch for this. The highlight of the platform is its quick order execution on trades.
You will find the clean design of this platform and 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 currently one of the industry leaders. It supports over 20,000,000+ registered users and over 17 years of expertise on its record. They are among the world's leading trading platforms and also a dominant figure in the Fintech revolution.
It simplifies this status to its unbelievable platform and wide range of tools plus resources so that you can 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 lot of money. However, just like all online brokers, 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 like a little number, but over the year, this adds to a substantial amount of gains. Even though eToro provide you all of the tools to earn money, they cannot guarantee you will profit.
Does eToro have fees?
Yes. To begin trading with eToro, you need to deposit $50. Certain commissions while trading also applies. Any processing fees from your bank might need 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+ customers.
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 negative, eToro indicates you contact client services. For this, you can correct any imbalances in your own account.
Does eToro offer guaranteed stop loss?
eToro, regrettably, doesn't offer guaranteed stop loss. eToro gives an opportunity for its dealers to close their trade at their given price. Apart from that, eToro doesn't offer guaranteed stop loss.
Does eToro allow scalping?
No, the stipulations of eToro do not allow scalping. It is a trading technique that is not allowed on the broker's platform. You have to 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 that offers a variety of payment options online and transfer services.
Since launch, Skrill has expanded to be available in more than 120 countries and has a digital wallet available in more than 40 currencies. Customers can deposit money into their Skrill wallet using various options for payment, including credit cards, bank transfers as well as a variety of alternative payment options. The funds can then be used to make payments to merchants as well as others Skrill customers, or converted into cryptocurrency.
Skrill also allows cross-border transactions through its remittance service Skrill Money Transfer. It allows customers to transfer money to a bank account overseas with their bank card. It was in the year 2015 that Skrill has been acquired by Paysafe Group along with former competitor Neteller and prepaid payment provider paysafecard.
Skrill has a variety of licenses that allow it to provide its services in Europe as well as globally. Skrill is managed by Paysafe Payment Solutions Limited, a company incorporated in Ireland and regulated by the Central Bank of Ireland, for its European regulated activities. Skrill's activities outside of its European Economic Area are operated by Skrill Limited - a company incorporated in the United Kingdom and regulated by the Financial Conduct Authority.
Does eToro accept Payoneer?
Yes, eToro accepts Payoneer for depositing money.
Payoneer, an American financial services company, offers online money transfer and digital payment services. It also provides working capital to customers.
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. The company specializes in facilitating cross-border B2B payments. 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's also used by eCommerce platforms like Rakuten, Walmart, Wish.com, and freelance marketplaces like Fiverr, Envato, and works in conjunction with ad networks to link these companies with publishers based out of their headquartered countries.
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.
The company launched a service in October 2019 that allows small and medium-sized companies to send money anywhere in the world fast 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 learn their systems before risking any real money. New traders can open a demo account in order to better understand the aspects of Forex trading and test out some of the company’s features before risking a live account.
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