Etoro Review

eToro is a highly reputable CFD, Stocks and cryptocurrency broker trusted by over 20 million users in 140+ countries and has been a leader in the fintech industry and online investing since it was established in 2006.

eToro is well known for offering innovative social trading and copy trading platforms where traders can connect with other traders, discuss trading strategies and use its patented CopyTrader technology to automatically copy other traders trading portfolios, across 2000+ instruments, including currencies, stocks, commodities, cryptocurrencies, ETFs and indices.

Furthermore, eToro also provides clients with a range of great trading solutions and services which includes well designed user-friendly trading platforms, negative balance protection, access to a wide variety of asset classes with 2000+ instruments available to trade, zero commissions on stock and ETFs trades, a variety of secure payment options and much more.

Etoro Broker Details

BrokerEtoro
Established2006
Head OfficeTel Aviv, Israel
RegulationsCySEC (EU), FCA (United Kingdom), FinCEN (United States), FSAS (Seychelles) and DNB (Netherland).
Publicly ListedNo
Broker TypeMarket Maker
Product OfferingCFD, Social Trading, Copy Trading
Trading PlatformseToro webTrader, etoro Openbook, eToro Mobile Trader
Asset ClassesCurrencies, stocks, commodities, cryptocurrencies, ETFs and Indices.
Minimum Deposit$50
Account CurrenciesUSD
Maximum LeverageProfessional – 1:400
EU – 1:30
Pricing ModelSpreads
Lot SizesMicro, Mini and Standard.
Payment MethodsBank transfer, credit/ debit card, Paypal, Neteller, Skrill, Trustly and iDeal.
Demo AccountYes
ScalpingNo
HedgingYes
PROS
  • Regulated by multiple top tier regulatory agencies across the world including CySEC (EU), FCA (United Kingdom), FinCEN (United States), FSAS (Seychelles) and DNB (Netherland).
  • Hassle-free account registration process.
  • Newbie friendly
  • Low minimum deposit.
  • Negative balance protection.
  • Access to a variety of financial assets, including currencies, stocks, commodities, cryptocurrencies, ETFs and indices with over 2000+ instruments available to trade.
  • Well designed and user friendly proprietary trading platform.
  • Innovative social trading and copy trading platform.
  • No commissions on stock and ETF trading.
  • A variety of secure deposit and withdrawal methods including bank tranfers, credit/ debit cards, Paypal, Neteller, Skrill, Trustly and iDeal.
CONS
  • Low forex and CFD trading fee.
  • High non-trading fee.
  • Only one account base currency.
  • Customer support service can be improved.