2025 saw eToro file for an initial public offering (IPO), with plans to list on the NASDAQ under ticker ETOR. EToro maintains its excellent reputation by placing great emphasis on transparency, security, regulation and ongoing communication with clients. You can learn more about the reasons to trade and invest with eToro on the why choose us page and about the company’s history and current operations on the About eToro page.
Our broker ratings are also informed by the experience of our researchers during the evaluation process. These include forex, stocks, ETFs, commodities, and cryptocurrencies. With over 5,461 symbols available, traders have many options to diversify their portfolios and explore different trading tools strategies. EToro has developed a proprietary trading platform that combines social trading, copy etoro forex broker review trading, and a user-friendly interface. The platform emphasises visual trading through the use of “CopyPortfolios,” allowing users to invest in portfolios of assets managed by experienced traders. EToro’s web platform is accessible through a standard web browser and offers an intuitive interface.
A Kaleidoscope of Financial Instruments
The broker follows strict safety protocols and maintains a high level of transparency. It safeguards client funds in segregated accounts, offers negative balance protection, participates in compensation schemes, and enforces capped leverage for retail clients. EToro, founded in 2007 and based in London, is one of the most recognized names in online trading. The broker is licensed by multiple top-tier regulators and offers 7,300+ instruments, including stocks, ETFs, crypto, and CFDs.
- He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016.
- EToro offers retail, professional, corporate, and Islamic accounts.
- With no hidden charges on account setup or maintenance, and straightforward spreads and commissions, eToro supports traders in making informed, cost-effective decisions.
- However, the broker does not offer trading instruments from options and bonds.
- They serve as a beacon for investors seeking to harness the power of broader market movements.
CFD fees
- During our eToro crypto coins review, eToro listed 88 liquid cryptocurrencies on its web-based trading platform.
- This essential feature ensures that users cannot incur losses surpassing the amount they have deposited into their accounts.
- This effectively turns eToro into a kind of hands-off, no-fee robo-advisor for cryptocurrencies.
- In this review, we’ve outlined all the important details about its regulation and offices below.
- Their UK based clients are protected by the FCA, Australian based clients are protected by the ASIC, and others are protected by the CySEC.
One thing that I believe eToro can improve upon is the availability of live chat support. While their email responses are comprehensive, having immediate access to support would be beneficial. On the flip side, when I’ve had to reach out, their feedback was actionable and insightful. The provision of copy trading by eToro is a distinct feature that stands out. It’s a great way for novice traders to learn and for seasoned traders to diversify their strategies. Their charting tools are good, though I’ve seen more sophisticated tools in other platforms.
Download our app from the stores
Unless a user is at Platinum level or higher, the user’s equity holdings determine levels on the platform. Although eToro’s fees are transparent and reasonable, they’re still higher than many of the leading crypto exchange platforms. Cash assets are held in Federal Deposit Insurance Corp. (FDIC)-insured bank accounts for funds up to $250,000.
It’s a great addition that significantly improves the user experience for both new and existing clients. When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. It also offers Smart Portfolios, which are designed for diversified investing and potential dividend income. In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation. EToro provides a powerful economic and earnings calendar, a highly informative news screener, detailed market breakdowns, and an intuitive market sentiment gauge.
While no commissions may seem like eToro has low brokerage , the high spreads and other charges mean fees will be higher for most trading activity. While eToro may suit your trading strategies, you will need to take into account the higher brokerage charged by the online broker. We recommend Pepperstone if spreads, commissions and trading experience are important for your trading requirements. Check out our full Pepperstone vs eToro comparison for more information. EToro’s account structure is designed to cater to various trading needs and preferences, from novice to seasoned traders, with a unique emphasis on social trading features.
Compared to the industry average, eToro offers a standard selection of currency pairs but stands out with an extensive range of commodities, share CFDs, indices, and cryptocurrencies. The eToro platform features TradingView-powered charts, which are fluid and easily scalable. Price action is represented in great detail, and traders can easily spot viable trading opportunities using the charts window. The BTCUSD spread, in particular, is among the highest in the industry.
How user-friendly is the eToro platform?
EToro invites partners to join its trusted affiliate program, leveraging the world’s leading social trading network. It supports over 19 languages, more than 3,000 instruments, 25+ cryptocurrencies, and connects to 30 million users. With top conversion rates and full promotional support, partners thrive.
The ways in which you can reach eToro’s customer support team seem to be very limited, as there are only really two ways in which you can contact them. You can also see many of its webinars, hosted by successful traders under “The Bull Club” section. You can withdraw funds from your eToro account via lots of different payment methods too. Some of them are credit/debit transfer, bank transfer, PayPal, eToro Money, Payoneer, Neteller, Skrill, iDeal, and Trustly. These features had been introduced with the sole purpose of assisting clients in better managing their positions, protecting their funds and securing their profits.
Seasoned traders may find eToro’s research and analysis tools relatively limited, potentially posing a challenge for those heavily reliant on these resources. Additionally, the platform’s customer support options, though accessible, may warrant consideration for users with specific support needs. EToro’s charting and technical analysis features transcend platforms, available on both web-based and mobile interfaces. These robust charting tools empower users to explore different time frames and chart types, overlay technical indicators, and create essential annotations like trend lines. When comparing eToro’s commissions and fees to other trading platforms, it’s important to consider the total cost of trading.
EToro employs a spread-based pricing model for most of its assets, a crucial aspect to consider when evaluating the cost of trading. In this SEO-friendly article, we’ll delve into how eToro’s cost structure functions, including spreads, transaction fees, markups, and their potential impact on your trading expenses. Prioritizing safety and security is paramount in the world of investing and trading. The downside to trading with eToro would be the high non-trading fees such as $5 for every withdrawal, $10 monthly inactive account fees, and the currency conversion fees for non-USD deposits. The copy trading feature on eToro appeals to many of the platform’s users, as does their ability to trade cryptocurrencies. EToro is a regulated CFD broker in Australia, offering CFDs trading and supports social trading.
Does eToro operate a bank?
It’s recommended to use the same withdrawal method as the deposit method to avoid delays in payment methods. There is a longer wait time for depositing and withdrawing money from your bank account due to the wait times of commercial banks. Cryptocurrency transfers are accepted from outside wallets such as Coinbase straight into your eToro wallet. EToro receives mixed feedback from users, but overall trust remains high. It holds a strong Trust Score of 96 out of 99 thanks to regulation by Tier‑1 authorities such as 🇬🇧 FCA, 🇦🇺 ASIC, and EU MiFID oversight. While customer support and withdrawal delays draw criticism, many praise usability and low commissions.
Portfolio and fee reports
In 2007, several Israeli financiers founded the brokerage firm RetailFX. Initially, it focused solely on the Forex market and targeted beginner traders. To become more accessible to novices, the company invested heavily in developing a user-friendly trading platform. RetailFX introduced its web terminal and the Visual FX visual trading service. An early pioneer in social copy trading, eToro was founded in Israel in 2007 as a financial trading technology developer.
