eToro App Review

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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eToro USA LLC does not offer CFDs, only real Crypto/ Stocks assets available.

eToro is an app that offers a social trading platform for traders to buy, sell, and track the performance of stocks, shares, as well as cryptocurrencies. The app provides access to real-time market data for all these assets, allowing investors and traders to make snap decisions based on authentic information. eToro lets you trade on margin and is an especially useful app for beginners or experienced traders.

Here we explain how to use eToro’s app trading platform for stocks, crypto, and CFDs. Follow these tips and advice to trade better with eToro.

Pros and Cons of eToro App

Open an account
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest.

Through the eToro platform, traders can trade and invest in more than 2,000 different financial assets, such as stocks, cryptocurrencies, indices, currencies, ETFs, and commodities, with or without using leverage. This lets traders and investors of all experience levels make investments in time frames ranging from minutes to years.

eToro hosts a range of useful features that making investments and tracking assets easy and accessible to all traders, regardless of their expertise. It also boasts some exclusive features and benefits that most other platforms fail to provide.

Pros:

Copy trading

Beginners can get started with copy trading, which allows them to copy other traders and follow their trades by automatically copying positions opened and managed by other selected individuals. This offers a tremendous benefit to a trader who is just starting out and wants to learn from the best without risking their own money.

Premade smart investment portfolios

Another feature geared towards beginners is eToro’s pre-made smart investment portfolios. These are a selection of related stocks, EFTs, cryptocurrencies, and such grouped together based on goal or strategy. Portfolios are curated by experts, with some of them delivering up to a staggering 100 percent returns in the last two years. eToro has over 50 smart portfolios in different industries.

Commission-free stock trading

eToro offers all its users outside the US a free stock trading experience. With it, traders can easily invest in various stocks and cryptocurrencies without paying any commission fees on their trades. Where the app truly sets itself apart from most other platforms is that it allows the traders to hold these stocks for as long as they want without any cap or trading limits.

Quick and easy crypto trading

The eToro app provides a hassle-free trading experience and traders do not require any complicated strategies or calculations. It also allows you to track your crypto investments with ease and make sure that you are making the best decision for your portfolio. Its simple yet useful user interface makes it easy for beginners to learn about investing and trading.

Up-to-date date news feeds and charting tools

The eToro app offers traders a wealth of tools to help them in their trading. One such tool is the news feed, which provides updates from the market and also allows traders to share their trades with the community. It also offers excellent charting tools to help traders gain clarity from all the clutter.

Unlimited demo account

eToro’s demo account is completely unlimited and can be opened with the bare minimum of personal information. Only an email address, username, and phone number are required. With an eToro demo account, you have access to a $100,000 virtual balance that functions identically to real money. It is risk-free and ideal for experimenting with various trading strategies and instruments.

Cons:

Limited availability in the US

Owing to the market regulations in the US, the eToro app isn’t available in New York and some other US states.

Moderately high non-trading fees

The platform charges an inactivity fee and withdrawal fees of $5.

eToro Fees Review

eToro App Platforms

eToro gives multiple options for their traders to use their platform of choice. They can invest and trade on the go using their laptop, tablet, or mobile device and switch easily between the devices.

eToro Mobile

eToro is available on iOS as well as Android devices and offers similar experiences and features on both platforms.

Provides users with a simplified interface to suit smaller screens. It has an intuitive and minimalistic design that makes it easier to navigate. This app allows the user to trade on the go, which is why it’s one of the most popular apps among traders.

eToro offers easy copy trading with its award-winning CopyTrading technology, which is now available in their mobile apps as well as their web platform.

eToro offers many tools in its mobile apps to help users learn the ropes of investing, including its virtual portfolio, which is perfect for beginners because it does not require any knowledge about technical terms or jargon before trading.

eToro Web Platform

eToro offers a full-fledged experience for its users with an easy-to-use interface for traders of all levels of experience. The app also allows them to research stocks, commodities, and crypto assets as well as track their portfolio performance on the go.

The eToro’s web app offers easy access to charts, news feeds, and more. It also provides information easily available with an interface that is a breeze to navigate through.

The web app also allows users to set up alerts that notify them when their desired financial instruments are at a certain price or value. In addition, the web app allows users to connect with other traders in order to share and trade ideas.

eToro has a lot more customization options than any other platform out there. The web app lets you follow their favorite traders, which is a social media-like feed. Users can also set alerts and get notified when a certain trader reaches a certain price.

How to Use eToro App

eToro’s web app is a great tool for beginners because it provides them with a list of trending stocks, which they can easily buy at the market price. It also provides traders with real-time market data, charts, and news alerts.

The eToro web app was designed to be user-friendly and intuitive for beginners and experts alike. The interface is clean, easy to read, and navigable for all users regardless of their level of experience in trading.

How to Buy and Sell in eToro App

1

The first thing you will need to do is sign up. You can do this here.

2

Create an account using an email address. Alternatively, you can use your Google or Facebook credentials to speed up the sign-up process.

Creating an eToro account

Creating an eToro account

3

After you set up your account, complete your profile and verify your account to remove any deposit limitations.

4

Search for the stock or the cryptocurrency or any other asset that you want to trade.

5

Click on ‘Trade’.

How to trade assets on eToro

How to trade assets on eToro

6

Now you place a Buy order.

Placing a buy order

Placing a buy order

7

Set the price at the market rate or toggle ‘Rate’ to set your desired price.

8

Select the total amount you would like to invest or the number of units you wish to purchase.

9

Double-check the details and then set the order. If the market is closed at the time of placing the order, eToro will execute it when the market opens.

To sell an asset:

Head into Portfolio.

Portfolio

Portfolio

1

Go into the options for the asset you want to sell.

2

Create a price alert if you wish to. You will get notified when the asset hits your desired price.

3

Hit Close All.

Close All

Close All

Here, you can sell everything, or you can select the second option to set your own Sell positions.

How to Analyze markets

eToro has some highly effective tools for analyzing the markets baked into their platform. Here are some ways to do a “quick and dirty” analysis of the market.

News feed

This is excellent community-sourced news and current trends. Simply keeping up to date with what your fellow traders are investing into can be a good indicator of the prevailing market sentiment. Other users also post news articles to the assets they are holding, and you will gain access to a treasure trove of information.

News Feed on eToro

News Feed on eToro

News and analysis

eToro’s in-house analysts regularly publish insightful analyses of all kinds of assets. You will find their articles in Help>News and analysis. Several eToro investors bookmark this link to directly access them.

News and Analysis

News and Analysis

Let’s look at how to analyze individual assets to see how we can analyze them.

Measuring market sentiment

eToro offers an exceptional way to measure market sentiment. Let’s assume you want to invest in currencies and want to see which currencies are bullish.

Simply head over to Discover>Currencies. This will bring you to the following screen:

Measuring market sentiment

Measuring market sentiment

Here, you will see what the prevailing market sentiment is for all the top traded assets. You can also use the filter options to either narrow down your search or broaden it.

Individual asset

If you want to analyze a single stock or a cryptocurrency, bring it up, and you will find a range of tools to analyze its performance and identify the trends.

We will take a look at Bitcoin.

Analyzing a Bitcoin

Analyzing a Bitcoin

1

The top bar gives you access to various tools

2

The news feed under any asset only shows the news and posts related to that asset.

3

This is a snapshot view of Buy/Sell positions for that asset.

Curated market analysis

And lastly, we have a pit stop that’s a must for every trader who is into stock and cryptocurrencies — experts-backed market analysis. eToro compiles an “Analyst rating” based on the top recommendations of some of the best-known analysts.

You will find these on the Discover page, under “Browse by category”.

Browse by category

Browse by category

Head over to “Stocks”. Scroll down until you reach “Market Analysis”.

Market Analysis

Market Analysis

You will find all the top recommendations from analysts here. These “Analyst Picks” can be a good place to kick-start your investments, apart from copy trading.

How to Copy Trades in eToro

1

Bring up the sidebar. Go to Discover. If you are not following any other trader, this is a good place to start to see how CopyTrading works.

Discover

“Discover”

Scroll down until you reach the CopyTrader section.

CopyTrader

CopyTrader

Bring up the Trader page you would like to copy.

How to copy the selected trader

How to copy the selected trader

Hit ‘Copy’. This will bring up the following screen.

The following screen

The following screen

Enter the amount of your investment you would like to copy.

You can copy all open trades or uncheck to copy all trades.

Hit ‘Invest’. You just executed your first copy trade.

How to Set Up eToro’s App?

eToro’s platform offers some nifty customization options to help you make the app your own. You will find all these options under “Settings”.

Change your default currency

Go into Settings>General.

How to Set Up eToro’s App

How to Set Up eToro’s App

Here, you can switch your default portfolio. However, it is worth mentioning that all trades are executed only in US Dollars.

Turn on One Click Trading

You will find this option in Settings>Trading. This setting lets you open and close your trades faster than ever.

How to Set Up eToro’s App

How to Set Up eToro’s App

1

Activate this feature by turning on the toggle. It’s set to OFF by default.

2

Search for your desired market. Select it.

3

Bring up the Options menu.

4

Click Edit. This will bring up the following screen.

How to Set Up eToro’s App

How to Set Up eToro’s App

5

Set your parameters and save your settings. That’s it.

6

You can repeat the process for multiple markets.

Other settings

How to Set Up eToro’s App

How to Set Up eToro’s App

The remaining three options are pretty basic — You control your notifications, modify your privacy settings, and set up recurring deposits and faster deposits.


eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

"Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more"

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

FAQ

Is eToro safe?

eToro adheres to the highest standards of cybersecurity and is regulated by FCA, AFLS and ASIC – making it one of the safest investment platforms.

What is the minimum amount of initial deposit in eToro?

It depends on your country regulations. But expect the minimum first-time deposit to be anywhere between $10 and $10,000. You can find more information here.

Are there any currency conversion fees?

If you are making deposits through eToro Money, there are no conversion fees. All the deposited money is converted at current market rate. However, there will be a conversion fee (more information here) when depositing through other methods.

How long does it take to receive withdrawn funds?

If withdrawing into your eToro money account, you will most likely instantly receive your funds. But owing to some extra security measures in some instances, it may take up to a day.

For withdrawing into Neteller or similar services, it may take up to 2 business days to process your request.

If you are using a credit/debit card or a bank transfer to withdraw funds, it can take up to 10 business days for the amount to reflect into your account.

Team that worked on the article

Mikhail Vnuchkov
Author at Traders Union

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.

Mikhail’s motto: Learn something new and share your experience – never stop!

Olga Shendetskaya
Author and editor at Traders Union

Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.

Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.

Olga’s motto: Do well and you’ll be well!

Mirjan Hipolito
Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.