eToro Review 2022 (Expert Review)

eToro Review Summary

eToro is a great place to start if you are new to online trading due to there innovative social trading features. eToro is the largest social trading platform in the world with over 20 million users. Its user interface is clean and intuitive, even for novice traders. Many traditional brokers have antiquated interfaces that make it difficult to do simple tasks. eToro also has a very secure trading platform features and is well regulated. Your money is stored in separate accounts with eToro as a requirement of their FCA regulation. The eToro website has a fast sign-up process, and their customer support team is available around the clock. eToro is an well established online broker.

eToro review
eToro Platform Features

eToro main features and highlights
๐Ÿ—บ๏ธ Country of regulation Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)
๐Ÿ’ฐ Trading fees No
๐Ÿ’ฐ Inactivity fee Yes
๐Ÿ’ฐ Withdrawal fee Yes
๐Ÿ’ฐ Minimum deposit 50
๐Ÿ•– Time to open a eToro account 1-3 Days. *A eToro demo account can be opened in a few minutes, but live eToro trading account creation times will vary depending on how long it takes to process your eToro KYC documents.
๐Ÿ’ณ Wire Transfer No
๐Ÿ‘› Depositing with electronic wallet No
๐Ÿ’ฑ Number of base currencies supported 1
๐ŸŽฎ Demo account provided Yes
๐Ÿ›๏ธ Financial Instruments offered Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs,

eToro review
eToro Financial Regulation

eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC).

eToro review
eToro Pros And Cons

Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using eToro include a large choice of assets that are available to be traded 24/7; and easy-to-use website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using eToro can be that the spreads offered on trading cryptocurrencies (Availability subject to regulation) are relatively wide; no mutual funds available to invest in; high risk meaning it is not often a suitable platform for new traders.

eToro review
eToro Advantages

One of the main advantages of using eToro is around the clock service and support as well as research offerings. Not only this, but eToro has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of eToro with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with eToro makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. eToro offers stock quotes and trade information, making it easy for users to view how their investments are doing.

  • eToro has been in business over 10 years.
  • eToro offers Stock Trading
  • eToro offers Cryptocurrency Trading (Availability subject to regulation)
  • eToro offers PayPal as a payment method
  • eToro offers Neteller as a payment method
  • eToro offers Skrill as a payment method
  • eTorooffers Islamic Accounts
  • eToro offers Bitcoin Trading

eToro review
eToro Disadvantages

Although eToro has a lot of good points eToro does not offer the below.

eToro Review Risk Warning: 67% of retail investor accounts lose money when trading CFDs with this provider..

eToro Review

eToro review
Things to understand when trading with eToro

Online trading on trading platforms like eToro have seen huge growth in the last 3 years. Trading with eToro requires that you take the time to learn how financial markets work and are able to trade with eToro using in depth technical analysis and eToro risk management trading tools. Trading with eToro involves risk. You should only risk capital with eToro that you can afford to lose. Understand your risk tolerance with eToro, and have a trading strategy that eToro is able to help you execute. eToro is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments eToro give you access too.

eToro review
eToro Trading Fees

Trading fees on eToro are taken in the form of the spreads eToro offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on eToro. eToro fees vary depending on the financial instruments traded and can include, eToro overnight funding fees, spreads, margins and eToro inactivity fees, currency conversion fees, and a spread for applying a guaranteed stop order. There may be some fees when transfering money to and from your eToro account charged by your 3rd party payment provider if your eToro base currency is different from your eToro withdrawal method.

NameeToroIC MarketsRoboforex
Account FeesNoNoNo
Withdrawal FeesYesNoYes
Deposit FeesNo
Inactivity FeeYesNoNo
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67% of retail investor accounts lose money when trading CFDs with this provider.
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Losses can exceed deposits
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Losses can exceed deposits

eToro review
eToro Financial Instrument Fees

eToro fees for Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs, are listed below.

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eToro Stock Trading Fees

The majority of eToro trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A eToro stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.

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eToro Forex Fees

Commission on eToro Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for eToro Forex fees is based on their trade size. To calculate eToro Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.

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eToro Cryptocurrency Fees

Aside from the price of the cryptocurrency itself, each cryptocurrency exchange adds a fee for trading, when customers purchase and sell coins. eToro cryptocurrency fees can vary, but most exchanges charge between 0.1% to 1% or more per trade. That means that if you've used $1,000 to invest in a certain crypto, the fee you will eventually pay for that transaction could be anywhere between $100 and $1,000. eToro cryptocurrency fees include a fee for the Maker (which adds to the order book liquidity through limit orders) and Taker (which subtracts liquidity from an order book through market orders).

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eToro Non Trading Fees

eToro non-trading fees include a variety of eToro brokerage fees and charges that a trader will pay which are not related to buying and selling assets using the eToro trading platform. The most common non-trading fees include eToro withdrawal fees, eToro deposit fees and eToro inactivity fees.

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eToro Deposit Fees

eToro does not charge deposit fees. Some brokers charge a deposit fee for some payment methods, eToro does not do this.

eToro review
eToro Inactivity Fees

eToro does charge clients an inactivity fees for dormant eToro trading accounts. A eToro inactivity fee is a sum charged on eToro brokerage accounts who have not met the minimum buying or selling amount of activity over a specific period. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.

eToro review
eToro Withdrawal Fees

eToro does charge eToro clients small withdrawal fees. Withdrawals fees vary between eToro and eToro alternatives depending on where you are located and how much money you are withdrawing.

eToro review
eToro Account Fees

eToro does not charge account fees. Account fees charged differ between eToro and other brokers. An account is a fee that eToro and other brokers assesses on all accounts for the ability to keep an account on their platform.

eToro review
eToro Account Opening

The eToro account registration process is simple, user-friendly, and quick. Within 1-3 Days most eToro trading accounts are ready for live trades. Our eToro account was validated in 1 day, but live eToro trading account verification times will vary depending on the time it takes to process your KYC documents and eToro trading account application. A eToro demo account can be opened in a few minutes.

eToro trading accounts are available in over 140 countries. eToro is restricted in the following countries.

Apart from the restricted countries a eToro trading account can be opened globally.

The eToro trading platform is available for residents in US. Some financial instruments eToro offer may be restricted in your country.

  • Fast eToro account opening.
  • eToro accounts can be opened and KYC can be verified digitally.
  • eToro minimum deposit is 50 USD / GBP / EURO.
  • eToro trading account verification may be held up for longer than a day if there is an issue with verifying your account.

eToro review
eToro Deposit And Withdrawal

eToro Account Base Currencies

A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.

USD are supported by eToro as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.

eToro offers the following account USD.

When trading make sure your eToro trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. eToro has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.

NameeToroIC MarketsRoboforex
Number Of CurrenciesYes104
Base CurrenciesUSDUSD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZDUSD, EUR, CNY, XAU
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Losses can exceed deposits
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Losses can exceed deposits

eToro review
eToro Deposit Fees and Deposit Methods

Investors can log in to their eToro trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their eToro trading accounts from an existing bank account or send the funds through a wire transfer or online check.

eToro Deposit Fees

Making a deposit on your eToro account is free.

eToro Deposit Methods

There are several methods through which you can deposit money into your eToro account. One can use a credit or debit card and eToro accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your eToro account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your eToro account.

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eToro Withdrawal Fees and Withdrawal Methods

You can withdraw cash from your eToro brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to close open eToro positions before doing so. Remember that after you close your orders, you may have wait for the trade to settle before you can withdraw that money from your eToro account.

eToro Fees When Withdrawing Your Account Balance

eToro may charge a withdrawal fee. Some withdrawal fees are out of the control of eToro and may be due to 3rd party payment providers and your account base currency.

eToro Withdrawal Methods

Log into your eToro trading account, which is connected to your bank account. Go to the section that says โ€œfundsโ€ or โ€œaccountsโ€ and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your eToro account to your bank account. To withdraw money from your eToro account you can use credit or debit cards. eToro processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as eToro processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.

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eToro Trading Platforms

As there are a number of tradable financial instruments available on the eToro trading platform. Before investing in the eToro platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The eToro platform has a demo account and educational tool, but it may not be designed for new traders so focuses less on those educational features. eToro offer livechat, and email support.

If you struggle with technology, you need to consider the level of support on eToro is available. Another thing to consider is your financial goals. Make sure that a eToro account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.

There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a eToro account. Ensure that eToro allows you to focus on the type of trading that you want to focus on.

Make sure eToro is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using eToro, think about how easy it is to use for your personal needs. Does the eToro platform offer real-time updates or delayed updates that are more informed? Remember to check if eToro is well regulated, and what tradeable financial instruments eToro has. Security is very important when it comes to trading with eToro.

eToro Web Trading Platform

A eToro web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through eToro which acts as a financial intermediary. eToro is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.

Mobile Trading Platform

Both Android and iOS devices are supported by the eToro mobile trading platform.

eToro Apple IOS Trading Platform

A eToro iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.

eToro Google Play Android Trading Platform

A eToro Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.

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eToro Mobile Trading User Experience

eToro mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. eToro mobile trading refers to trading using a mobile phone.

Leading brokerages like eToro offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire eToro portfolio. All an investor needs is a Web-enabled smartphone and a trading account with eToro. Once you have download the eToro trading app, you are ready to begin.

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eToro Desktop Computer Trading Platform

A eToro computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The eToro desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The eToro desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds.

eToro Custom Trading Platform

eToro have built their own bespoke trading platform from scratch with some very unique social trading, copy trading features. eToro have many unique features.

eToro is the world's most popular social trading website, with millions of users from over 140 countries trusting it. The eToro platform and app allow you to trade and invest in a wide range of financial assets. eToro offers over 2,000 financial products in a variety of classifications, including stocks, cryptocurrency, and more.

eToro review
eToro Social Trading

Since 2008, eToro has become one of the most popular online trading platforms growing to over 20 million registered users worldwide. eToro bills itself as a social trading platform, with the goal of allowing users to trade nearly anything, including commodities, currencies, stocks, and indices, as well as cryptocurrencies, through a single web-based and mobile interface.

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eToro CopyTrader

eToro CopyTrader allows traders to copy the activities of other traders in real time. The Popular Investor programme was designed by eToro to encourage successful traders to be replicated.

In contrast to the frequently lonely sensation of trading online, one of eToro's primary differentiators is that it developed a community of traders and investors. On the social news stream, eToro is a thriving online social network of traders who engage, exchange ideas, and share their trading decisions and techniques.

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eToro CopyPortfolios

eToro CopyPortfolios (previously known as CopyFunds) is eToro's premium product offering that takes Copy Trading to the next level.

Some eToro copyportfolios allow you to invest in and follow the trades of a group of successful eToro traders, while others monitor a variety of financial market assets or indices. Copyportfolios on eToro offer a wide range of investment options; you can use them to diversify, decrease risk, and hold short or long positions on all kinds of financial instruments including stocks, cryptocurrencies, Forex, commodities, ETFs and more.

eToro PC Trading Platform

One needs a computer with high performing hardware if their plan is to be a full time trader using eToro. A trading computer with access to a eToro PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a traders ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.

eToro Apple Mac Trading Platform

Apple Macs and MacBooks can easily handle the most important requirements when using the eToro trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the eToro trading platform is very user friendly and easy to use on a Mac device.

eToro review
eToro Trading Look And Feel

The eToro user interface (UI) is what eToro traders will see and interact with first when trading with the eToro trading platform. The eToro is well designed. The goal of the eToro trading UI is to make the eToro user's experience easy and intuitive. The eToro application has good user experience and a good level of customer satisfaction.

eToro Security

eToro is a secure trading platform. eToro offers traders security via 2 factor authentication, SSL encription when trading with eToro. eToro trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with eToro. Rate limitation on eToro suspicious account activities is another layer of protection that is provided for eToro trading accounts, for example multiple failed login attempts with eToro. You have the option to further safeguard your account by using eToro Two-Factor Authentication (2FA), which provides an extra layer of security.

The eToro trading infrastructure is constantly watched and guarded by a trained team at eToro In addition, eToro never send sensitive information without first encrypting on the eToro trading platform using transport layer security (TLS) and SSL.

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Placing A Buy Or Sell Order On eToro

Available eToro order types. # market, limit, stop, stop limit, Good until end of day / canceled.

eToro Market Order

A eToro market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. eToro market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. eToro market orders are popular as they are a fast and reliable method of either entering or exiting a trade.

eToro Limit Order

A eToro limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.

eToro Stop Order

A eToro stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.

eToro Stop Limit Order

A eToro stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The eToro stop-limit order triggers a limit order when a stock price hits the stop level. A eToro stop-limit order can be helpful when trading if you are unable to watch your trades all day.

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eToro Alerts And Notifications

Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.

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eToro Trading Platform Features

Online trading platforms like eToro are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with eToro. The eToro trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using eToro.

eToro Margin Trading

eToro margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, eToro margin trading is a facility under which one buys and sells stocks that they cannot afford. You are allowed to buy and sell stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.

eToro Social Trading

eToro social trading is a form of social trading that enables eToro traders or investors to copy and execute the strategies of their peers or more experienced traders on the eToro platform. Social trading on eToro allows you to communicate with other eToro investors in a Facebook-style social network manner. The main premise is that you are able to share and discuss potential eToro investment opportunities with traders on the eToro platform.

eToro Copy Trading

Copy trading with eToro allows users to copy trades executed by other eToro investors in the financial markets. The goal of copy trading is for a eToro trader to have the same positions as the eToro investor they are copying. When copying another eToro trader, you do not receive the plan of the traders eToro strategy, but simply follow their trades they execute on eToro. eToro copy trading is one way to automate your investment strategy. Copy trading trades on eToro must still be monitored and copy trading on eToro still has risk of trading loss.

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eToro Account Types

eToro Demo Account

eToro offers demo accounts that gives traders the ability to purchase and sell eToro financial instruments in a practice environment, using fake eToro digital money and live market conditions and data. When you practise on a eToro demo account, one of the many advantages you'll enjoy is the opportunity to get acquainted with the more technical parts of the eToro platform. eToro demo accounts allow you to experience and practice a variety of market charts, eToro trading indicators, and trading strategies using eToro.

eToro Standard Account

eToro offers a standard trading account, allowing eToro traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich eToro trading platform.

eToro STP Account

eToro STP (Straight Through Processing) account is a eToro trading feature that involves sending eToro client orders directly to the market without passing them through a dealing desk. A eToro STP account is considered to be more of a hybrid of the ECN and market maker (dealing desk) models.

eToro Islamic Accounts

eToro islamic accounts respect Islamic finance law. eToro swap free accounts do not accumilate interest and eToro transactions are actioned immediately. A eToro Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in Islamic compliant financial instruments, using eToro following the principles of Islamic finance. As Sharia law prohibits the accumulation of interest, traders with eToro Islamic accounts do not pay or receive interest rates.

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eToro Tradable Financial Instruments

eToro tradable financial instruments are the financial instruments that are specifically available to trade on the eToro trading platform. This refers to the different types of financial markets you can trade with through eToro. Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on eToro.

NameeToroIC MarketsRoboforex
CFD TradingYesYesYes
Stock Markets2042210053
ETFs53No
Fractional SharesYesNoYes
CryptocurrenciesYesYesNo
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67% of retail investor accounts lose money when trading CFDs with this provider.
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Losses can exceed deposits
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Losses can exceed deposits

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eToro Trading Stocks

Stock trading with eToro is the act of purchasing and selling shares in a corporation listed on a stock exchange available for trading with eToro; if you possess the stock on eToro, you own a piece of the corporation and may be entitled to voting rights where applicable.

Stock trading on eToro involves purchasing and selling stocks and share using eToro periodically in order to time trades against the stock markets, with the aim of using eToro to profit from your stock trading. eToro stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price on eToro. Stock traders on eToro conduct significant study, frequently dedicating several hours every day to market monitoring using eToro trading tools.

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eToro Trading ETFs

What Are ETFs

eToro offers ETF trading. An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.

What Are Fractional Shares

eToro offers fractional shares.

Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.

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eToro Trading Cryptocurrencies

eToro offers cryptocurrency trading.

Cryptocurrency trading can be conducted using eToro to buy and sell the cryptocurrency financial instruments on eToro. Cryptocurrency trading can also be done using a cryptocurency CFD eToro trading account where allowed by financial regulators, to speculate on up or down price movements of a specific crypto asset using eToro. A CFD is a high risk leveraged trade between the trader and the eToro brokerage. No underlying assets are exchanged with a eToro CFD contract, it is purely speculation on the crypto financial instruments price movements with eToro. eToro CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if eToro CFD cryptocurrency trading is allowed in your region and make sure you undertand the risks fully before trading.

The volatility of cryptocurrencies is the biggest source of risk when trading them with eToro. They are high-risk and speculative, and you should be aware of the hazards before you begin trading high risk financial instruments with eToro.

Cryptocurrency trading is not offered by eToro, so you will need to find a eToro alternative that allows you to buy and sell the underlying cryptocurrency assets. eToro CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region with a eToro alternative and make sure you undertand the risks fully before trading.

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eToro Forex Trading

Forex trading with eToro is a method through which to invest money which involves trading one currency for another in a Forex currency pair with eToro. The main aim of eToro Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with eToro. As a eToro Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like eToro. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like eToro. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on eToro.

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eToro Commodities Trading

Commodity trading is a type of trading available on eToro where individuals or businesses buy and sell financial instruments using eToro related to commodities, such as metals or oil.

eToro review
eToro Options Trading

eToro options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. eToro option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.

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eToro Futures Trading

Futures trading with eToro is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price using eToro to facilitate the trade. A eToro futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on eToro. Typically, futures contracts are traded on an exchange such as eToro; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling eToro trader to the contract agrees to provide it.

eToro review
eToro Bonds Trading

Bonds trading on eToro is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term to the eToro trader. Bonds can be bought and sold on eToro after they are issued. While some bonds are traded publicly through eToro, most trade over-the-counter between large broker-dealers like eToro acting on their clients' or their own behalf. Yield is therefore based on the eToro purchase price of the bond as well as the coupon.

eToro CFD Trading

A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.

NameeToroIC MarketsRoboforex
Forex CFDYesYesYes
Index CFD302530
Stock CFD20001108400
ETF CFD653050
Commodity CFD312020
Crypto CFDYesYesNo
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67% of retail investor accounts lose money when trading CFDs with this provider.
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Losses can exceed deposits
Try Now

Losses can exceed deposits

eToro review
eToro Trading Research Tools

Taking advantage of eToro trading research tools which are designed to help traders analyse potential investments using the eToro trading platform. Some eToro research tools include charts, technical analysis, and eToro trading indicators.

eToro Trading News

Traders can follow the markets and make wise investment decisions on eToro by using the news to help form a strategy when it comes to choosing investments. A eToro news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.

eToro Economic Calendar

An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A eToro economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.

eToro Fundamental Data On Financial Instruments & Companies

Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. eToro fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.

eToro Charting

Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on eToro are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.

eToro portfolios

Trading portfolios are useful when trading with eToro.

A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.

A eToro trading portfolio is a traders collection of investments, which may include a variety of eToro financial instruments.

eToro review
eToro Payment Methods

A eToro payment method is required to fund your eToro trading account before placing a buy or sell order on a financial instrument.

When trading with eToro, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that eToro do not have any control over.

NameeToroIC MarketsRoboforex
Payment MethodsApple Pay, BPAY, Diners Club, JCB Card, Neteller, PayPal, Perfect Money, Rapid Transfer, Skrill, Swift, UnionPay, Venmo, Visa, Webmoney, Wire Transfer, Yandex MoneyBPAY, Credit Card, FasaPay, Giropay, Mastercard, Neteller, PayPal, POLi, QIWI, Rapid Transfer, Skrill, UnionPay, Visa, Wire Transfer, Yandex MoneyADVcash, Alipay, Bitcoin Payments, Cashu, FasaPay, Giropay, iDeal, MoneyGram, Neteller, Perfect Money, POLi, QIWI, Rapid Transfer, SafeCharge, Skrill, Sofort, Trustly, Vietcombank Transfer, Visa, Webmoney, WeChat Pay, Wire Transfer, Yandex Money
riskwarningTry Now

67% of retail investor accounts lose money when trading CFDs with this provider.
Try Now

Losses can exceed deposits
Try Now

Losses can exceed deposits

eToro review
eToro Withdrawl Methods

When trading with eToro at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your eToro account balance. eToro may have minimum withdrawal limits that you will need to check before withdrawing.

You may be charged a currency conversion fee by your withdrawal method if you withdraw your eToro account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.

eToro Withdrawals Times

The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your eToro account.

Withdrawal requests can take up to three business days to be processed by eToro.

You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.

If you're having a withdrawal transferred to your digital wallet account, your eToro should arrive in less than 24 hours.

eToro review
eToro Customer Support

Customer support represents the resources within the eToro company that provides technical assistance to its customers after they use the eToro service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.

eToro offer email, livechat, customer support.

eToro Email Support

eToro offers email support.

Email support is a a convenient method of eToro customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from eToro regarding your support request.

eToro Livechat Support

eToro offers livechat support.

eToro live chat support is a way for customers to obtain help from eToro through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.

eToro Telephone Support

eToro does not offer telephone support.

eToro does not provide eToro clients phone Support. If you need to contact eToro use one of the alternative available eToro contact methods.

eToro review
eToro Educational Resources

eToro educational resources are used throughout the eToro learning environment to help and assist with customer's development and learning of trading on eToro. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using eToro trading tools. Educational resources are brilliant for educators to help deliver the best quality lessons.

eToro Trading Platform Tutorials

eToro offer a range of learning resources and tutorials and guides made available to registered eToro users. The eToro guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate eToro users on basic trading principles.

eToro Trading Videos

eToro offer a selection of online trading videos.

Trading videos on eToro help new and even more experienced investors gain insights into eToro technical analysis tools and how the different financial markets work when trading on eToro.

eToro trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs and cryptocurrencies. Some eToro training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using eToro to trade live financial markets.

eToro Webinars

eToro offers access to online webinars. A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience of eToro clients who participate by asking questions, replying to polls, and using other interactive technologies available on the eToro trading platform.

eToro review
eToro Financial Regulation When Trading

Financial regulations on eToro protect consumers' investments. Regulations prevent financial fraud and limit the risks that eToro as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. eToro financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.

Is eToro Regulated?

eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC).

eToro is licensed by financial regulators in certain jurisdictions. You can find out if brokers like eToro are licensed in your country, if they have had run-ins with regulators, or received serious complaints from eToro investors, directly with financial regulators in your country.

eToro Regulatory Protection Limits

When registering with eToro you must check with regulatory body your eToro trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your eToro account is over seen by. eToro client funds are stored in segregated 3rd party bank account in accordance with eToro financial regulators.

Client country Investor protection amount Regulator
United Kingdom ยฃ85,000 Financial Conduct Authority (FCA)
EU Investor Compensation Scheme max โ‚ฌ50,000 Directive of The European Parliament and European Commission
Other countries 90% of your funds, max โ‚ฌ20,000 Bulgarian Financial Supervision Commission (FSC)

eToro Trading Signals

eToro offers trading signals to eToro clients.

eToro trading signals are triggers to buy or sell a security based on a pre-determined set of criteria. Traders can create trading signals using a plethora of criteria: from simple ones, such as earnings reports and volume surge, to more complex signals that are derived using existing signals. A eToro trading signal is an alert to traders to either enter or exit a position. Trading signals are based on specific times and prices and can be identified through technical or fundamental analysis. It is up to the eToro trader to then decide whether or not to act on the signal.

Make sure you understand the risks of trading signals.

How does eToro make money?

Because eToro acts as an intermediary, eToro gets compensated on buy and sell transactions of financial instruments. As a result, eToro profit is determined by the volume and number of transactions. eToro earns revenue to fund their eToro platforms and wide range of trading services through market spreads.

Can you buy shares on eToro?

eToro provides customers with real company shares. Traders can choose from thousands of stock CFDs in addition to shares. You can see the complete list of stocks here. eToro offers CFD stock trading. When trading CFD stocks you are not trading real stocks as you do not own any underlying stock assets. A CFD stock is a leveraged deal between the trader and eToro on the speculative up or down price movement on an agreed stocks price movement.

Does eToro offer Cryptocurrency?

eToro does offer cryptocurrency trading. Although the Financial Conduct Authority in the UK has banned Crypto CFD trading for UK residents. Its still perfectly legal to buy non leveraged crytocurrencies where you own the underlying crypto assets.

eToro Lower fees, lower costs?

eToro have reasonable trading fees and costs. eToro may charge a deposit fee. eToro may charge a withdrawal fee. Some withdrawal fees are out of the control of eToro and may be due to 3rd party payment providers and your account base currency.

What about the minimum deposit?

eToro minimum deposit is 50 USD / GBP / EUR.

How to start your eToro account?

You can sign up for a live or demo eToro trading account by visiting eToro and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an eToro account here.

How's the eToro trading app?

eToro allow traders to trade financial markets on iOS, Android and Windows supported mobile devices.

You can tryout the eToro trading app here.

Is the quality of eToro customer service satisfactory?

eToro have great customer support which is accessible through email, livechat, support options.

Is this broker good for new traders?

eToro is a good trading platform for new traders as eToro offer a good range of educational resources, good support options as well as a demo account.

How do you withdraw money from eToro?

eToro offer a good selection of withdrawal options. Once eToro have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.

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Ashly Chole - Senior Finance & Technology Editor

eToro Review 2022 (Expert Review) guide updated 23/09/22