deposit:
- From $50
Trading platform:
- WebTrader
- Mobile application
deposit:
- From $50
Trading platform:
- WebTrader
- Mobile application
- 1:30
- Portfolio management and copying trades
Summary of eToro Trading Company
eToro is a reliable broker with the TU Overall Score of 7.75 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by eToro clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews showed that the broker’s clients are mostly satisfied with the company. eToro ranks 1 among 79 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
eToro is an international broker for trading and investing in assets, copying trades of experienced market players and earning income on offering your own successful strategy. The activities of eToro are controlled by European financial regulators: CySEC and FCA. The broker offers its clients the opportunity to trade indices with a maximum leverage of 1:20 and ETF instruments with a leverage of 1:5. Size of leverage in eToro can also vary depending on the regulation of the division of the broker you work with.
The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA.
💰 Account currency: | USD |
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🚀 Minimum deposit: | $50 |
⚖️ Leverage: | 1:30 |
💱 Spread: | From 2 pips |
🔧 Instruments: | Stocks, ETFs, stock indices |
💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with eToro:
- High level of reliability ensured by the licenses of respected regulatory authorities and participation in the compensation funds.
- Wide selection of assets quoted at stock exchanges in the UK, U.S., Australia and Asia.
- An opportunity to combine active trading with social trading and passive investing.
- Zero-fee trading of a number of stocks.
- Access to ready-made diversified asset portfolios with various risk levels.
- Provision of leverage, educational materials on various markets and user-friendly trading platforms that can run on any device.
- Zero fees for portfolio management, depositing funds and account maintenance.
👎 Disadvantages of eToro:
- High minimum deposit for users of a number of countries.
- No live chat on the website for quick connection to customer support.
Evaluation of the most influential parameters of eToro
Geographic Distribution of eToro Traders
Popularity in
eToro Latest Comments for 2023 i
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Expert Review of eToro
eToro is an international brokerage company offering services all across the world. Every registered office adjusts the conditions to suit local traders to enable them to trade on beneficial conditions. The minimum deposit depends on the country of residence of a trader. In particular, the minimum deposit for residents of the US is $10 and UK is $50, Europe – $50, Israel – $10,000. The minimum deposit for overseas territories of the UK and France is $1000, for all other countries – $200.
The broker provides retail clients with a negative balance protection and restrictions on opening positions with insufficient margin. The clients can also contact the Financial Ombudsman Service. Investments of traders from a number of European countries are protected by compensation funds.
The leverage on eToro varies depending on the type of asset and the registered office chosen for trading. In particular, traders, who chose the office regulated by CySEC or FCA can trade indices with a leverage of 1:10-1:20, ETFs – 1:5. The company with a license of the Seychelles regulator offers a leverage of 1:100 for the most traded indices and 1:10 for non-major indices and ETFs.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk
Latest eToro News
Dynamics of eToro’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of the Broker
With investment offers of eToro, the broker’s clients can earn passive income without trading financial instruments on their own. It is also possible to earn additional income on the partnership program.
Smart Portfolio, CopyTrader and Popular Investor
eToro specializes in social trading, which means it offers the best conditions for comfortable work of trading signal providers and their subscribers. Not only successful traders, but also novice investors with this broker. At the moment, the following investment solutions are available on eToro:
Smart Portfolio. These are long-term investment portfolios that consist of various assets. The portfolios are built by investment experts, who are also involved in their management and rebalancing.
CopyTrader. This is a service for copying trades of successful traders. An investor who subscribed to a strategy pays the standard trading fee. There are no additional fees. The minimum amount for copying a position is $1.
Popular Investor. This is an offer for traders who have traded financial instruments successfully for at least 2 months and are prepared to offer their strategy for copying by other eToro clients. There are 4 levels available: Cadet, Champion, Elite and Elite Pro with different percentages of profit.
Every investment program of eToro implies a deposit of a certain amount to the trader's account. In order to start working with Smart Portfolio, you need to deposit at least $500. The minimum account balance for the Popular Investor program is $1,000. In order to connect to the CopyTrader platform, you need $200 or more.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
eToro Partnership Program:
eToro shares with partners a part of its income from the new users who opened an account with the broker using a referral link. The rewards depend on the CPA indicators. There are three commission plans with monthly rewards of $100, $200 and $250.
The broker starts paying the rewards only after receiving at least $10 in fees from the referred users. A partner can use various methods of promotion – publish direct links and banners, send newsletters and ads by email, etc.
Trading Conditions for eToro Users
You can use eToro to invest in more than 3,000 stock assets, including at zero fee. The minimum deposit and leverage vary depending on the country of registration of a trader. Trading is available in mobile apps and on the web platform on any device. You can deposit and withdraw money via bank transfer and electronic payment systems. The broker offers margin trading, various bonuses and partner rewards.
From $50
Minimum
deposit
1:30
Leverage
24/5
Support
💻 Trading platform: | Mobile apps (iOS, Android) |
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📊 Accounts: | Demo, Standard, PRO |
💰 Account currency: | USD |
💵 Replenishment / Withdrawal: | Bank Transfer, Skrill, Neteller, Revolut, Sofort (Klarna) |
🚀 Minimum deposit: | $50 |
⚖️ Leverage: | 1:30 |
💼 PAMM-accounts: | No |
📈️ Min Order: | $1 for copying trades$10 for investing in stocks |
💱 Spread: | From 2 pips |
🔧 Instruments: | Stocks, ETFs, stock indices |
💹 Margin Call / Stop Out: | No |
🏛 Liquidity provider: | N/A |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Orders execution: | No |
⭐ Trading features: | Portfolio management and copying trades |
🎁 Contests and bonuses: | No |
eToro Commissions & Fees
Account type | Spread (minimum value) | Withdrawal commission |
Standard | $5 | Yes |
Pro | from $1.1 | $5 eToro’s fee + the fees of payment systems |
The broker charges the overnight fee for the rollover of the position to the following trading day. The formula for its calculation depends on the currency and the type of transaction (buy/sell).
We also calculated the average commission for standard and professional eToro accounts and compared it to the fees of other stock brokers.
Broker | Average commission | Level |
eToro | $1.1 | Low |
Charles Schwab | $11 | High |
Ally Bank | $4 | Medium |
Detailed Review of eToro
eToro specializes in social trading and also portfolio investing. The company is regulated in six jurisdictions; the broker has registered offices in different countries, including the UK, US, Cyprus and Australia. The number of active users on eToro is more than 6 million. Since 2019, the broker has been offering zero-fee stocks and in 2022, an opportunity was introduced to invest in fractional shares of over 1,000.
eToro in figures:
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The company has been operating for over 15 years.
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Around 10 million users have downloaded the mobile apps of eToro.
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Traders from more than 140 countries use the services of the broker.
eToro is a broker for trading, investing and social trading
eToro provides access to investing in assets of various markets. The list of available stock instruments includes nearly 3,000 stocks, 15 indices, 15 exchange commodities and over 250 ETFs. The broker regularly expands the choice of ready-made investment portfolios that are balanced by the risk score and yield percentage. Theme portfolios with stocks (NVDA) and penny stocks of various industries, including energy, electronics, hardware, etc., are available.
eToro clients can also buy and sell stocks of companies that pay dividends. For passive investors, the broker has formed a portfolio of securities of international companies that have been paying dividends to their shareholders for at least 20 years straight. In addition, each eToro client can build his own portfolio or copy one from more experienced traders using the CopyPortfolios service.
Useful services by eToro:
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Market hours and events. This is a section on the official website of the broker featuring the trading hours for various instruments and also the dates of important market events.
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Dividend calendar. The calendar shows a list of companies that pay dividends to the holders of their shares. It also specifies the payment dates for different types of dividends – annual and periodic.
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Earnings reports. In this special calendar, you can find information about the expected reporting dates of companies with the highest market cap and the expected earnings per share (EPS).
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Demo account. You can use it to build a virtual asset portfolio, test the trading platform and the services of the company.
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eToro Club. There are five membership tiers: Silver, Gold, Platinum, Platinum+ and Diamond. Each tier provides members with certain privileges, such as withdrawal fee and exchange fee discounts, a dedicated Customer Success Agent, etc.
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ESG. The ESG scores help investors consider social, environmental and governance indicators and risks, which are not taken into account in the fundamental analysis. Depending on the level of company leadership in its sector, its stocks on the trading platform are lit with one of three colors – green, yellow or red.
Advantages:
A wide variety of assets are available: stocks, ETFs and stock indices.
Traders from the majority of European countries can start trading on eToro with USD 50.
The broker offers a user-friendly web platform and also Android and iOS mobile apps for market analysis and trading.
Margin trading and trading with leverage 1:30 are available on eToro.
The broker is regulated by respected financial commissions and participates in investor compensation funds.
Zero fee is applied exclusively for opening long positions on the US stocks. Other trading and non-trading fees charged by eToro are comparable to the indicators of other international stock brokers.
How to start earning – a trader’s guide
In order to start trading on eToro, you need to open an account. The company offers a standard account to all clients by default. However, professional traders can submit an application for a Pro Account.
Account types:
Before opening a real account, every visitor to the eToro website can open a demo account to test the service. A demo account can be accessed in the trader’s Personal Account upon completion of registration.
Investment Education Online
eToro pays special attention to the education of traders. The broker’s website features information about what copy trading, leverage and margin are. There are also descriptions of how to buy and sell various types of financial instruments.
Upon completion of registration, any trader can create a free demo account with a virtual deposit of $100,000 and practice trading in an entirely risk-free environment.
Security (Protection for Investors)
eToro is a financial holding company, each registered office of which is regulated at the place of location of the headquarters. The European office operates on the license No. 109/10 issued by CySEC, the British office – license No. 583263 issued by FCA, the Australia office — license AFSL No.491139 issued by ASIC. eToro is also supervised by the regulators of Malta and the Seychelles.
Accounts opened on eToro UK Ltd. are subject to the Financial Services Compensation Scheme (FSCS). Under its terms, each customer of the company's UK office can receive up to 85,000 British pounds in compensation in the event of eToro's bankruptcy. The CySEC regulator guarantees investment protection in the amount of up to EUR 20,000 euros to all clients of eToro (Europe) Ltd.
👍 Advantages
- The broker operates on the licenses of respected international regulators
- Retail traders are provided with negative balance protection
- Brokerage services are provided in compliance with the MiFID.
👎 Disadvantages
- The compensation schemes apply only to the clients of European and British offices of eToro.
- Low leverage in compliance with the regulators’ requirements
- Identity and bank account verification is mandatory
Withdrawal Options and Fees
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The money from eToro account balance can be withdrawn to a credit/debit card, and also to a bank account via SWIFT or IBAN. Also PayPal, Neteller, Skrill and Sofort electronic payment systems are available.
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The processing time depends on the chosen withdrawal option and can range from several minutes to 7 working days.
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Minimum withdrawal amount for bank transfers is $500, all other methods - $30.
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eToro charges a fixed $5 fee on each withdrawal. In addition, payment systems also charge their fees.
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The company allows withdrawals only in US dollars. Other currencies are converted to USD with the corresponding fees.
Customer Support Service
The operators of customer support are available 24h from Monday till Friday.
👍 Advantages
- Not only company clients, but also unregistered traders can ask a question
👎 Disadvantages
- Support via a live chat is not available
- Responses by email are sent within 3 working days
There are several ways to contact eToro customer support:
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email;
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feedback form;
The company has pages on Facebook, Instagram, Twitter and LinkedIn.
Contacts
Foundation date | 2007 |
Registration address | eToro (UK) Ltd. 24th floor, One Canada Square Canary Wharf London, E14 5AB, United Kingdom |
Official site | https://www.etoro.com/ |
Contacts |
Email:
support@etoro.com,
|
Review of the Personal Cabinet of eToro
eToro is a Traders Union partner under the rebate program. Therefore you can save on fees, if you open an account using the Traders Union website. Follow the referral link on the TU website to the official website of eToro and then take the following steps:
Choose your language on the homepage and click Start Investing.
A registration form will open. Provide your email and come up with a username and password. You can also link your eToro account with Google or Facebook. Next, the company will send a confirmation link to your email. Follow the link and sign in to your Personal Account with the username and password that you provided earlier.
In the Personal Account, eToro clients do the following:
Main functionality of Personal Account:
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Setting up and viewing the list of selected assets.
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Information on your investment portfolio – the amount of invested funds, total equity, yield for the selected period.
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Switching to virtual (demo) mode.
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Access to Help Center and educational materials.
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A button for generating a referral link.
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Checking your eToro Club Membership status.
Disclaimer:
Your capital is at risk. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Your capital is at risk.
Read also about other stock brokers:
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FAQs
Do reviews by traders influence the eToro rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about eToro you need to go to the broker's profile.
How to leave a review about eToro on the Traders Union website?
To leave a review about eToro, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about eToro on a non-Traders Union client?
Anyone can leave feedback about eToro on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
Disclaimer:
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.
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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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