social Trading Broker

eToro Broker Review

For more than a decade, eToro has been the world’s leading social trading network, with millions of registered users and an array of innovative trading and investment tools. “Social trading is a form of investing that allows investors to observe the trading behavior of their peers and expert traders and to follow their investment strategies using copy trading or mirror trading“. (Wikipedia).

eToro’s main goals are to remove limits and make online trading and investing more convenient to the everyday user. eToro aims to make you feel a part of the platform from the very beginning. Furthermore, they are constantly expanding product offerings to include all of your financial needs under one roof.

Having been around since the earliest days of the Fintech Revolution eToro is, and probably will always be, innovators and disruptors in the Fintech space.

On eToro, users can interact and gain from each other’s experience. The platform is intuitive and user-friendly, turning even the most complex actions, like stock trading, to a simple and interactive experience.

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eToro.com Platform Details

Type: Social Trading Platform
Minimum Funding: Starts at $200 depending on financial instruments and account region.
Average Review Score: 4.4 ⭐⭐⭐⭐✨
Supported Currencies: USD, EUR, GBP, CHF,‎
AUD, HUF, PLN
Funding & Withdrawals: Credit Card, Wire Transfer, Giropay, E-wallet, PayPal, Skrill, Neteller, Webmoney, and other.
Trading Products: Stocks, Currencies, Forex, Stocks, Commodities, Indices CFDs, Cryptos
Regulated: Yes (CySEC, ASIC, FCA)
Mobile App: Yes (AppStore / Google Play)
Free Demo Account: Yes (try now)
Site: www.eToro.com

*Openness and transparency are a fundamental part of the user experience at eToro. Whether it’s the ability to start a chat with any user on board, or the fact that they don’t charge any hidden fees and make sure prices are clear and visible, users will have all the confidence, peace of mind and information they need to handle their finances on eToro.

*Quality: consistent research, development and resilience, guides eToro to deliver the best possible experience for all users.

eToro-OnlineTrading-Platform-WelcomeBonus

Testimonials

⭐⭐⭐⭐

“I´ve been trading in eToro for 3 years. Smooth deposits and withdrawals. Its platform is very intuitive and user-friendly. It´s very simple to search, follow and copy others. They have introduced the product copies of funds, through a trading tool, as well as a good position on the platform under a deposit name, in a way that it is not necessary to look for or make mistakes”.

Adelaine Strosky

⭐⭐⭐⭐⭐

“Best Social Trading platform ever! eToro is an excellent trading platform which allows members to share knowledge, analysis, results, and others. Also, is possible to copy other traders, compare the performance and risks. I enjoyed an excellent experience!”.

Peter Evans

⭐⭐⭐⭐

“eToro is a leader in the trading market for one reason: is the only platform that offers the experience of being able to operate, copy and interact all in one. I´ve been using this platform for 7 months and had no issues with the withdrawals. I hope to continue trading with them”.

Simon Massey

eToro Trading Platform Specs

eToro stands out from other brokers by the sheer number of active users and financial instruments available. Thanks to the diverse ways to invest and trade, users can take advantage of the same platform for their cryptocurrency trading requirements, as well as traditional assets.

Social elements of eToro make it unique. Their proprietary features such as CopyFunds, CopyPortfolios™, CopyTrader, use sophisticated algorithms to automate and aggregate the collective knowledge of the most successful traders into one fully managed portfolio you can invest in.

Broker Information

Company Name: eToro (Europe) Ltd. /
eToro (UK) Ltd, / eToro AUS Capital Pty Ltd.
Leverage: Up to 1:30
Founded: 2007
Countries: Global

Broker Services

Regulators: CySEC, ASIC, FCA
Minimum Deposit: Starts at $200
Funding Methods: Credit Card, Wire Transfer, Giropay, E-wallet, PayPal, Skrill, Neteller, Webmoney, and other.
Pairs Offered:

Platform Info

Platform: WebTrader and OpenBook trading platforms merged to create a unified multi-device proprietary platform called eToro Trading
Web Based: Yes
Mobile Trading: Yes (Apple / Android)

Reliability

eToro has earned a reputation among the online trading community as one of the most reputable online brokers existing in the industry.

Safety

Their services are regulated and have been featured in Forbes, Financial Times, Finance Magnates, Fintech Finance and even on America’s cable news network CNBC.

Technology

Proprietary features such as CopyFunds, CopyPortfolios™, CopyTrader, use sophisticated algorithms to automate and aggregate succesful traders knowledge.

Evaluation Score

91% Transparency & Security
77% total markets available
91% Technology

Expert Evaluation Score

eToro Broker Review Summary

eToro is unique as it allows you to watch successful traders, and then decide if you want to follow them in all or part of their strategies. Whether you use autopilot or manually adjust your portfolio you’ll always have the common wisdom of a huge community to interact with or simply learn from.

One of the most user-friendly online trading platforms we’ve tested with the additional ‘social’ aspect as a bonus. They allow for a free Demo (practice) Account in order to get familiar and learn. Low minimum deposit requirement makes it very appealing for beginners. Wide choices of financial instruments including real stock purchases, cryptos, CFDs, and more.

Another recent addition that makes eToro a cutting-edge broker is ‘CopyPortfolios’ powered by Machine learning AI: eToro integrated Microsoft’s machine learning technology into the MomentumDD. The new CopyPortfolio investment strategy uses artificial intelligence to find the steadiest traders who are most likely to generate a double-digit return and bundles them into one fully-managed portfolio.

Customers Support & Contact Details

[email protected] / [email protected]

Tel: +61 2 8016 9335

Licenses

eToro’s brokering services are provided by eToro (Europe) Ltd. (“eToro Europe”), a registered Cypriot Investment Firm (CIF). The company’s registration number is HE20058. eToro Europe is regulated by the Cyprus Securities & Exchange Commission (CySEC) under license number 109/10. In the UK, eToro (UK) Ltd. (“eToro UK”), company registration no. 7973792 is authorized and regulated by the Financial Conduct Authority (FCA), under firm reference number 583263. eToro Europe and eToro UK both operate under and comply with the Markets in Financial Instruments Directive (MiFID). In Australia, services and products are provided by eToro AUS Capital Pty Ltd. (“eToro Australia”), ABN 66 612 791 803 is the holder of an Australian Financial Services Licence (AFSL) 491139 issued by the Australian Securities and Investments Commission (ASIC), and regulated under the Corporations Act (Commonwealth). eToro Australia arranges for its clients to be provided services by eToro Europe..

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Expert Review & Criteria

Our experts scrutinize the platform, perform stress tests, as well as extensive research. Our review generally focuses the examination on:

Costs, fees, funding payment, and withdrawal options.
Variety of investment options.
Minimum initial investment required and trade amount.
Safety and reliability of the platform.
Quality and responsiveness of customer support.
Thir party referrals, clients reviews, testimonials, and overall reputation.

About the Author

Marla Rubinstein is a broker, trading and financial adviser with extensive experience in market analysis and strategic investment. Marla is also a writer, reporter, and contributor to multiple publications in the financial industry.