eToro Review

eToro

6.2

Assets choice

7.0/10

Performance

8.5/10

Deposits & Withdrawals

5.5/10

Client support

6.5/10

Pricing

3.7/10

Pros

  • social trading
  • many assets
  • many deposit methods
  • all strategies are allowed

Cons

  • slow withdrawing process
  • slow document verification
  • spreads are far from the lowest ones
  • many auto responses, less live support
  • too large minimal deposits

eToro was founded in 2006 in Tel Aviv, Israel. The choice of assets is vast: currency pairs, stocks, indices, ETFs, cryptos, commodities.

eToro is known as a social investment network, where participants can not only make money on transactions, but also communicate with each other, as well as follow successful traders and copy trades.

Regulation. eToro is a Cypriot Investment Firm and has several licenses: CySEC, FCA, MiFID.

Trading accounts eToro

To open a live account, you’ll need a minimum deposit from $200 to $10,000. It depends on region and country regulations. eToro trading accounts are in USD. So, the deposited amount is converted to USD at the current market rate when depositing with a different currency. At eToro, the leverage is up to 1:30.

There is also a demo account to try the platform and eToro’s services with an initial deposit of $100,000 in virtual money.

Trading platforms

eToro offers their own platform for online trading. It is one of the leading social trading platforms. You can use mobile app to work from a smartphone or a tablet. You can also install the desktop version of trading platform on PC or Mac. Or use web eToro platform from any device.

eToro offers mobile apps for iOS and Android devices. You can download the app from App Store and Google Play.

Deposit and withdrawal of funds

eToro offers its clients a variety of payment methods. Among them: China Union Pay, Credit and debit cards, Giropay, Neteller, PayPal, Skrill, WebMoney, Wire transfer. The term of depositing and withdrawing depends on the chosen method.

Additional features

eToro’s educational resources include a blog, webinars, training courses and video lessons. These materials will help any trader to develop trading skills in financial markets.

The most interesting point is eToro social trading. eToro provides full access to a social service where professional forex traders communicate and share opinions. You will be able to find interesting ideas, follow the best traders and copy their trades.

Successful traders can become popular investors and get 2% management fee. The program consists of 4 levels, each level has its own requirements.