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
🗺️ 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)
💰 Trading fees No
💰 Inactivity fee Yes
💰 Withdrawal fee Yes
💰 Minimum deposit 50
🕖 Time to open a eToro account 1-2 Days days
💳 Wire Transfer No
👛 Depositing with electronic wallet No
💱 Number of base currencies supported 1
🎮 Demo account provided Yes
🛍️ Financial Instruments offered Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, UK 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 are relatively wide; no mutual funds available to invest in; high minimums are often required for most forms of copy trading; 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
  • 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

There is one big disadvantage to using an online platform such as eToro. This is the fact that there is no-one entity to check that users understand what they are doing, and are doing it correctly. There is a risk that users of eToro may fail to build a suitable portfolio, or back the wrong shares, meaning the lose money. The ease of accessibility to eToro therefore makes it a dangerous platform for some less well-educated users. In addition, eToro disadvantages include a lack of personal relationship with brokers, as well as an increased reliance on technology and the Internet.

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eToro Trading Fees

Trading fees on eToro are those costs incurred from one's funds when buying and selling an underlying stock or share. For example, the trading platform has to pay a broker to place trades on the stock market and it may have to pay stamp duty tax on certain types of investments.

Some investors like to think of eToro trading fees are as a premium one pays for the investment services offered by a trading platform. Trading fees apply when a trader wants to buy or sell shares of a specific investment. Also called a commission, this fee is paid to a broker in exchange for facilitating a trade via their platform. In a financial sense, transaction costs can also include a broker's spreads, which are the differences between prices that a dealer paid for a security and the price for which the buyer pays for it.

NameeToroRoboforexIC Markets
Account FeesNoNoNo
Withdrawal FeesYesYesNo
Deposit FeesNo
Inactivity FeeYesNoNo
riskwarningTry Now

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, UK Stocks, Energies, Metals, Agriculturals, ETFs, are listed below.

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eToro Stock Trading Fees

In the US, for 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 CFD Fees

eToro CFD providers typically charge a financing rate for holding positions overnight. This can be as high as the LIBOR rate plus or minus 3%. If you hold a eToro CFD trade for a year you could be charged [3% + LIBOR%] per annum calculated as a daily rate. Therefore, if you hold a long position overnight you will be charged a financing charge by your eToro CFD provider. This financing interest charge is calculated by multiplying the number of CFD positions you hold by the closing price of the market, and then again by the financing charge which is then divided by 365 days to convert the fee into to a daily charge.

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

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eToro Deposit Fees

A eToro deposit fee is a payment that one must make by the Licensee and is received by CTC for the Licensee to secure a booking confirmation. To make a profit and pay operating expenses, exchanges typically charge for the services they provide. When you open a eToro account, there will be fees attached to that in order to make a deposit into your account.

eToro review
eToro Inactivity Fees

A eToro inactivity fee is a sum charged on 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.

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eToro Withdrawal Fees

eToro withdrawals can be subject to a fee depending on where you are located and how much money you are withdrawing. Check the account details you hold with eToro in order to check whether or not you will have to pay a withdrawal fee, as this will be different for different areas of the world.

eToro review
eToro Account Fees

A eToro account fee is a fee that eToro assesses on all accounts for the ability to keep an account on their platform. An account fee compensates eToro for the cost of keeping the account open. For eToro you may pay a monthly fee for your account in return for benefits, most often research tools, educational guides, or premium perks.

eToro review
eToro Account Opening

The account registration process is simple, user-friendly, and quick. Within one business day, our account was validated.

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.

NameeToroRoboforexIC Markets
Number Of CurrenciesYes410
Base CurrenciesUSDUSD, EUR, CNY, XAUUSD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD
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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 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 sell stocks or other investments before doing so. Remember that after you sell your stocks, you may have wait for the trade to settle before you can withdraw that money from your eToro account.

eToro Withdrawal Fees

Making a withdrawal on your eToro fees are subject to your location and amount of money being taken out of your eToro account.

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 “funds” or “accounts” 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.

eToro review
eToro Trading Platforms

As there are a number of stock markets and trading options, not all platforms offer the same options. 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. Customer service functions vary: some offer 24/7 support whereas others provide email support only.

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. Are you looking for long-term investments for retirement, or do you want to focus on short-term successes? 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. Do it allow access to all types of trading, or do you want to focus on cryptocurrency only, for instance?

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? Is it a sharing platform that can provide details on specific stocks? Remember to check if eToro is listed on the stock exchange, is regulated, and what login options it has. Security is very important when it comes to trading.

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 in the stock market using a mobile phone.

Leading brokerages offer apps to their clients who are able to use them to trade in shares, invest in mutual funds, or in initial public offers, and even monitor their entire 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. You may have to send an online request for activation of your mobile trading platform, after which you can log in with your existing client ID and password.

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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, and even premium research.

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.

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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.

eToro review
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.

eToro review
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 trader’s 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.

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eToro Trading Look And Feel

The user interface (UI) is the point at which human users interact with the eToro trading platform. The goal of effective UI is to make the user's experience easy and intuitive, requiring minimum effort on the user's part to receive maximum desired outcome. The UI design of the eToro application improves user experience and customer satisfaction, ultimately helping increase the number of users of the eToro application.

eToro Security

The assets and personal data of eToro e-traders are attractive prey for cybercriminals, and in the event of an incident, it is the eToro trading platform operators that have to deal with the consequences. To avoid monetary losses associated with bugs and vulnerabilities, eToro trading platform coders should have considered security in the development stage of the eToro building process, thinking in advance about things such as automatic user logout, encryption, and a ban on weak passwords. They should also regularly review the code for errors and fix them promptly. Security is therefore important for the eToro trading platform as it is handling clients' money, which comes with great responsibility. Neglecting security could cost the eToro company a lot. eToro offer SSL ecripted secured trading and are 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 Financial Instrument Search Features

There are three main functions of financial instruments: a means of payment (like money), a store of value (like money), and allowing for the transfer of risk (unlike money). eToro financial instruments can be intangible assets, expected to provide future benefits in the form of a claim to future cash. They are tradable assets representing a legal agreement or a contractual right to evidence monetary value / ownership interest of an entity.

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Placing A Buy Or Sell Order On eToro

Available eToro order types. # market, limit, stop, stop limit, OCO, 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.

eToro OCO Order

A eToro one-cancels-the-other (OCO) order is a pair of conditional orders stipulating that if one order executes, then the other order is automatically cancelled. An OCO order typically combines a stop order with a limit order on an automated trading platform. A eToro OCO order is a type of compound operation where a filled or completed order cancels execution of a different order. It may be used as the triggered order in a first triggers so that when the first order fills, both OCO orders become active. Alternatively, when either of the latter is filled, the other is cancelled.

eToro Good Til Cancelled Orders

A Good-Til-Cancelled (GTC) order is a purchase or sell order that stays in effect until executed or cancelled by the trader. Brokerage firms usually have a limit on how long an investor may keep a GTC order active. This time range may differ from one broker to the next.

Day orders are only valid for the current trading session, and if they are not filled by the end of the day, they are instantly cancelled. Good-till-cancelled (GTC) orders remain in effect until the customer cancels them or the broker executes them.

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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 are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key whether you are trading stocks, Forex, or crypto. 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.

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 stocks that they cannot afford. You are allowed to buy 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 Auto Trading

eToro auto trading is a trading plan where buy and sell orders are automatically placed based on an underlying system or programme. These orders are placed when the trade conditions in the underlying system or program are met. It is a method of participating in financial markets by using eToro, which executes a pre-defined set of rules for both entering and exiting trades. If you are a trader, you are able to conjoin detailed technical analysis with the setting of parameters for one's positions. This includes orders to open, trailing stops, and guaranteed stops.

eToro Social Trading

Social trading is a form of dealing that enables 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 investors in a Facebook-style manner. The main premise is that you are able to share and discuss potential investment opportunities with traders of the eToro platform.

eToro Copy Trading

Copy trading with eToro allows users to copy trades executed by other investors in the financial markets. The goal of copy trading is for a trader to have the same positions as the investor they are copying. When copying another trader, one does not receive the layout of the trader’s strategy, but simply follows their trades. eToro copy trading is one way to automate your investment strategy, as it takes the guesswork out of choosing where to invest your money.

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eToro Account Types

eToro STP Account

eToro STP (Straight Through Processing) account are a Forex brokerage model that involves sending 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. A eToro STP is the percentage of transactions that are passed straight through the system from start to finish without manual intervention.

eToro ECN Account

A eToro ECN (Electronic Communications Network) account is a pure order-matching execution system, where eToro, as a provider, charges a commission per trade instead of inflating the spread, occurring more naturally within the order-matching process. A eToro ECN is a financial intermediary that uses electronic communications networks to give clients direct access to other participants in equity and currency markets. As an ECN broker, eToro only matches trades between other market participants; it cannot trade against the client.

eToro DMA Accounts

eToro Direct market access (DMA) refers to the access one is afford to the electronic facilities and order books of the eToro financial market exchange that facilitate daily securities transactions. Rather than relying on market-making firms and broker-dealers to execute trades, eToro might use direct market access to place trades themselves. eToro DMA accounts make individual contracts with each liquidity provider.

eToro Islamic Accounts

Under Islamic law, money must not be allowed to create more money. Thus, instead of traditional eToro accounts with given rates, Islamic accounts provide accounts which offer profit/loss. The account in turn purchases assets with your money, which generate returns for eToro. A eToro Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in the Islamic stock market following the principles of Islamic finance. As Sharia law prohibits the accumulation of interest, traders with 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 traded on the stock market, for instance shares, stocks, derivatives, bonds, and mutual funds. This refers to the different types of 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.

NameeToroRoboforexIC Markets
Stock Markets204253110
ETFs53No
Fractional SharesYesYesNo
CryptocurrenciesYesNoYes
riskwarningTry Now

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 is the act of purchasing and selling shares in a corporation; if you possess the stock, you own a piece of the corporation.

Stock trading involves purchasing and selling equities periodically in order to time trades against the market. Stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price. Stock traders conduct significant study, frequently dedicating several hours every day to market monitoring.

eToro review
eToro Trading ETFs

What Are ETFs

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

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.

eToro review
eToro Trading Cryptocurrencies

Cryptocurrency trading can be conducted using a cryptocurrency exchange to buy and sell the underlying cryptocurrency assets. Cryptocurrency trading can also be done using a cryptocurency CFD trading account to speculate on up or down price movements of a specific crypto asset. A CFD is a high risk leveraged trade between the trader and the broker. No underlying assets are exchanged with a CFD contract, it is purely speculation on the financial instruments price movements. 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 and make sure you undertand the risks fully before trading.

The volatility of cryptocurrencies is the biggest source of risk when trading them. They are high-risk and speculative, and you should be aware of the hazards before you begin trading. They are volatile: unanticipated shifts in market sentiment can result in price swings that are both strong and rapid.

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.

NameeToroRoboforexIC Markets
Forex CFDYesYesYes
Stock Index CFD303025
Stock CFD20008400110
ETF CFD655030
Commodity CFD312020
Crypto CFDYesNoYes
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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 Forex Trading

Forex trading is a method through which to invest money which involves trading one currency for another. The main aim of Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. 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. In general, Forex traders can either work for banks and hedge funds or trade independently. Some traders use charts and math for analysis, while others rely on news and economic data.

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eToro Commodities Trading

Commodity trading is a type of trading where individuals or businesses buy and sell physical commodities, such as metals or oil. eToro commodity trading may work to secure a supply of raw materials for a business or industry in order to help to create liquidity within an international market, or to invest in a speculative capacity. With eToro commodity markets, the underlying asset you buy can be delivered physically. Therefore, the buyer can book the commodity and the seller can confirm the delivery when they sign the contract. Moreover, they can fix the price beforehand, irrespective of the pricing at the time of delivery.

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eToro Futures Trading

Futures trading 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. A eToro futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument. 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 trader to the contract agrees to provide it.

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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 Bonds Trading

Bonds trading 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. 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 acting on their clients' or their own behalf. Yield is therefore based on the purchase price of the bond as well as the coupon.

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eToro Trading Research Tools

Stock trading is considered a short-term approach to investing. Successful stock traders can make large profits, but there is also a lot of risk involved in trading as well. Taking advantage of trading research tools designed to help traders analyse potential investments can minimise risk and provide an edge when attempting to earn profits. Some eToro research tools include charts, technical analysis, and currency correlation.

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. Stocks, cash, futures, currency, and other assets may be included in a trading portfolio.

A trading portfolio is a traders collection of investments and financial assets, which may include stocks, bonds, CFDs, cryptocurrencies, commodities and other securities.

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eToro Payment Methods

A eToro payment method is required to fund your eToro trading account before placing a buy 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.

NameeToroRoboforexIC Markets
Payment MethodsApple Pay, BPAY, Diners Club, JCB Card, Neteller, PayPal, Perfect Money, Rapid Transfer, Skrill, Swift, UnionPay, Venmo, Visa, Webmoney, 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 MoneyBPAY, Credit Card, FasaPay, Giropay, Mastercard, Neteller, PayPal, POLi, QIWI, Rapid Transfer, Skrill, UnionPay, Visa, Wire Transfer, Yandex Money
riskwarningTry Now

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 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.

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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, phone, 24/7 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 offers telephone support.

eToro telephone Support is often used for pre-sale queries, order taking, or even upselling and cross-selling, and troubleshooting. Outbound calls are calls made to customers from the eToro call centre to give or take information.

eToro 24/7 Support

eToro 24/7 customer support means customers can obtain help and find answers to questions as soon as they arise, 24/7 and in real-time. eToro offers 24/7 support through eTorolivechat support, a knowledge base, live chat, or embedded messaging.

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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. They’re designed to reinforce learning and in some cases allow people to put their knowledge to the test. 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 guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers.

eToro Trading Videos

eToro offer a selection of online trading videos.

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

Trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs and cryptocurrencies. Some 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.

eToro 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 who participates by asking questions, replying to polls, and using other interactive technologies.

eToro review
eToro Financial Regulation and Trader Safety

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).

Is eToro Safe?

You can find out if brokers are licensed in your country, if they have had run-ins with regulators, or received serious complaints from investors. Go to https://www.fca.org.uk/firms/financial-services-register and click on "Search the Register".

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.

Client country Investor protection amount Regulator
United Kingdom £85,000 Financial Conduct Authority (FCA)
EU Investor Compensation Scheme max €50,000 Directive of The European Parliament and European Commission
Other countries 90% of your funds, max €20,000 Bulgarian Financial Supervision Commission (FSC)

eToro Trading Signals

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 trader to then decide whether or not to act on the signal.

How does eToro make money?

Because eToro acts as an intermediary, eToro gets compensated through commissions on buy and sell transactions of financial instruments. As a result, eToro profit is determined by the volume and number of transactions.

Spreads (both variable and fixed) and SWAP rates are how eToro make money. The SWAP rates are determined per product and applied to the account balance

When trading Forex somwe brokers charge a per-trade commission, while others charge the spread between bid and ask prices. Forex brokers make money by maintaining the spread or by collecting a fixed fee.

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, phone, 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 13/05/22