- Company name: eToro (Europe) Ltd
- Founded: 2006
- Offices: Cyprus, UK, Israel
- Regulators: UK FCA Registration No.583263 EU CySEC License No. 109/10
- Broker type: Market Maker
- Min. Deposit: $200
- Leverage: 400:1
- Min. Spread: 2 pips
- Deposit/Withdrawal: Bank wire, Visa/Mastercard, Skrill , Neteller, PayPal
- Currency pairs: 47
- Platform: eToro Platform
- Web based: Yes
- Mobile: Yes
- The Leading Social Broker
- An award-winning trading platform (8 major awards since 2010)
- Follow Successful Traders
- Low Deposits Accepted
- Good customer support
- New and advanced charts in the platform
- Costs a lot for a Premium account
- Platform tends to suffer with slow connection
- Best deals and features reserved only for Premium members
Operating since 2008, eToro has experienced a lot of rapid growth due to their attractive social platform. eToro has over 6 million users in over 140 countries, with offices in the British Virgin Islands, Cyprus, the UK, Australia, and in the United States.
eToro offers different types of accounts for its customers – a demo account, a basic account, and a premium account.
Since this account is 100% free, you won’t get a lot of features with it. Once you open an account with eToro, you can receive this demo account to practice your trading, with $100,000 (play money) to trade to help you grow accustomed to the platform.
The basic account is the next step up, and this account gives you access to a free demo account, plus eToro’s exclusive promotions, which are deals and savings sent to users via email. The minimum deposit is $200.
The premium account is the VIP account offered at eToro for those depositing a minimum of $20,000. You receive a demo for practising, the same features of a basic account, and premium management of your portfolio by a trained professional with eToro.
Etoro has developed a proprietary platform. They have both the eToro browser trading system and eToro Mobile. The web-based platform is very customizable, so you can select what currencies, commodities, stocks, and crypto you want to have in an easy-to-reach dashboard.
To see more detail about any of the currency pairs, click on one of them in your watchlist to show detailed graphs on any time range you want. While this is no replacement for any technical analysis, it does give a lot of insight without much effort.
eToro does copy trading like no one else in the business. They are pioneers in this area and have invested time and energy to launch new and unique features. CopyTrader allows you to copy or mimic the trades of any of the active traders in the brokerage.
Filters are used to find traders to copy based on their gains, location, preferred assets etc. A more advanced search is also available.
eToro also groups traders by Trending, Most Copied and Low Risk so you can find the right trader to copy.
CopyFunds is the latest in innovation from eToro. It allows traders to invest in a fund or group of top performing traders on eToro. Or a market fund which bundles together all asset classes in a single market strategy. This kind of risk mitigation and diversification system is unique to eToro and a powerful tool for the beginner trader.
Every broker has a varying amount of cryptocurrencies they support. eToro has more than most, so a good option if you want to add cryptocurrencies to your trading strategy, where you can either invest in a cryptocurrency fund or the individual currencies. The currencies available to you are Bitcoin, Dash, Ethereum Classic, Ethereum, Litecoin & Ripple. The screenshot below is the cryptocurrency overview of the trading platform.
eToro in their own words
Unique Selling Points
- The Premium tools offered are of huge value.
- The platform is eye-catching, unique and stands out from all others
- Optional Personal Rebate Program
- Telephone trading available
- Occasional trading contests
- Well-funded demo account
- A unique platform that is streamlined, user-friendly, and fun to use.
Deposit & Withdrawl
eToro accepts all major credit cards, e-wallets, and bank wire transfers.
eToro is regulated by different global regulators including FCA, CySEC, and ASIC.
An important note for all traders. CFDs are leveraged products. Trading in CFDs related to foreign exchange, commodities, indices, and other underlying variables, carries a high level of risk and can result in the loss of all of your investment. Past performance of an eToro Community Member is not a reliable indicator of his future performance. So, be careful. Trade smart. Set a Risk Management strategy before you start trading, and never trade capital you can not afford to lose.
eToro Vs. Plus500
|Funding||Bank wire, Visa/Mastercard, Skrill , Neteller, PayPal||Bank wire, Visa/Mastercard, Paypal, Skrill|
|Regulated||UK FCA Registration No.583263 EU CySEC License No. 109/10||Authorised Financial Services Provider in South Africa, FSP #47546|
|Broker Type||Market Maker||Market Maker|
|Minimum Spread||2 pips||0.0 pips|
|Minimum Deposit||$200||R 1500|
|Expert Review||Read review||Read review|
|Visit Website||Visit eToro||Visit Plus500|
eToro Vs. FXTM
|Funding||Bank wire, Visa/Mastercard, Skrill , Neteller, PayPal||Bank wire, Visa/Mastercard, Skrill & Western Union, Neteller and many more|
|Regulated||UK FCA Registration No.583263 EU CySEC License No. 109/10||FSCA No.46614, FCA, CySEC, IFSC|
|Broker Type||Market Maker||ECN/STP|
|Minimum Spread||2 pips||0.1 pips|
|Expert Review||Read review||Read review|
|Visit Website||Visit eToro||Visit FXTM|
eToro has built a social trading platform with the idea of helping investors profit while always enjoying their time spent trading. eToro seems to have approached the businesses of running a brokerage with user preferences in mind.
Please note that when you trade with eToro, your capital is at risk.