eToro Review: Whats Great + Less So About Copy Trading With This Broker? 2023 Edition

trading experience

CopyTrader provides the extent of trading idea generators at eToro. Users can search for, follow, and copy trades of investors that match their interest and goals. EToro doesn’t have a traditional, detailed stock screener allowing you to filter by price-to-earnings, market cap, and so on.

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After weeks of turmoil and sadness that Etalbit brought upon me and my family after I lost GBP110, 000. I was introduced to this guys at skyline-recovery com they are the best and all of my funds without any hassle in a week. Traders at eToro, on the other hand, have to invest a minimum of $200 regardless of payment methods.

User Reviews

EToro only offers accounts that are denominated in US dollars. Deposits made in any other currency are converted into USD upon receipt and back from USD when funds are withdrawn. The spreads on these forex conversion trades are tight, but they do mean there is an additional cost to factor in when setting up an account. Everything is in one place, and the screen is uncluttered, allowing easy navigation. On-screen guidance and useful FAQ-style prompts are on hand to help traders make the most of their trading.

ETorois a multi-asset brokerage company and cryptocurrency exchange known for its copy and social trading. EToro was founded in 2007 by Ronen Assia, Yoni Assia, and David Ring. They offer eToro CFD trading, cryptocurrencies, stocks, and ETFs. EToro operates in more than 140 countries and has millions of registered eToro users. EToro is a social trading platform that offers users access to assets, including, stocks and commodities. Eventually, eToro trading platforms with social trading capabilities act as market makers and gain profits from the charges of spread.

You simply allocate whatever amount you decide to another trader of your choice. Their trades are then automatically copied until you decide to stop. In 2019 eToro reached 12 million registered users in over 140 countries, including the U.S. It is highly supervised by top-tier regulators, including FCA, ASIC, and CySEC and authorised by each country’s local financial regulators where it operates (e.g. BaFin in Germany or CNMV in Spain).

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All of the information and materials available on is not financial advice and is for general informational purposes only. Nor PublicFinanceInternational or any of our affiliates makes any recommendation or implies any action based on the information we proved to you. We don’t make any solicitation or recommendation to take any action or trade or invest in any financial instrument, asset, or commodity. New investors, or investors with limited experience, in particular, should always go into this with that thought at the forefront of their minds.

Withdrawals incur a fixed fee of $5 per transaction and deposits have varying fees depending on the payment method and original currency. There are no hidden management fees to use the two Copy Trading platforms available at eToro. Our review of eToro confirmed no third-party software here. This broker uses its own trading platform designed as a web and mobile trader. That means eToro doesn’t offer a desktop app and that doesn’t matter because, honestly, it would be unlikely to differ in any way from the web trading platform.

Popular Investor Program

As a temporary measure in February 2021 during a volatile market period, eToro raised its minimum deposit requirement, but it was reinstated to the previous level on March 8, 2021. EToro used to be primarily a CFD broker that let you trade stocks and ETFs also in the form of CFDs, if you set the leverage to greater than one. First, let’s go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.

trading with etoro

In 2020, the company acquired Marq Millions, the UK division of e-money, which was then renamed to eToro Money. The company also obtained a primary membership of Visa and an electronic money institution license from the Financial Conduct Authority. In December 2021, the company launched the eToro Money debit card for UK residents that includes issuing a VISA debit card to users. Investopedia requires writers to use primary sources to support their work.

What Is the Fee for Using eToro?

EToro is an excellent zero commission broker with a mammoth range of tradable assets, tons of unique and interesting features, and plethora of educational tools for novice traders to help get started. With plenty of innovative features such as Copy and Social Trading, eToro is a broker that offers far more than what’s on the box. EToro offers both CFD and underlying asset trading of both stocks and ETFs. Commissions are low and there are more than 17 different stock markets to choose from ensuring traders of all varieties will keep their interest. However, eToro does need to increase the speed at which they add new stocks. This broker offers stocks and ETFs as both CFDs and the underlying asset.

Opening an etoro forex broker account will require a minimum deposit of $50 for U.S and Australian traders, also for traders in Germany, The Netherlands, Norway, and Austria and $200 for traders in other countries. All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website. Click here for a full list of our partners and an in-depth explanation on how we get paid.

The general rule of thumb with eToro is that when you go long in any virtual currency, you will own the real coin. For example, on March 30, 2020 eToro added 185 new stocks, among them a very trending one, Zoom Technologies. However, if you had to wait for eToro to add the stock, you missed the early rally in the stock.

How This Broker Makes Money From You and for You

You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Further, there is an added effort to keep the sensitive information and funds of the user safe all the time. This is a good feature of eToro to ensure safety to its users as many retail investor accounts lose money when trading CFDs, crypto or other financial assets.

For example, if a small trader deposited $300, he or she would risk 25% of their entire account if they traded the minimum position size on the GBP/USD with a stop loss of 75 pips. Of course, rollover can be earned on certain instruments, just like with your average forex broker, and there is no commission on any trades. CopyPortFolios™ aims to help investors minimize long-term risk and promote opportunities for growth, by taking copy trading to the next level and creating diversified investments.’’ – eToro. EToro offers is really easy, their virtual account is a really helpful tool with which you can familiarize yourself before executing trades on a live account. Lawyers and users expressed intent to file a class action lawsuit and a motion to revoke eToro license in Cyprus.


EToro is considered safe and is regulated by the Cyprus Securities and Exchange Commission , and complies with the European Securities and Markets Authority rules that ensure thorough risk disclosures. CEO Assia confirmed rumours that it would soon launch its own debit card, which would be offered to customers, in addition to expanding activities in the U.S. In the United States of America, eToro has been limited to what it can offer. The platform is considered safe and is regulated by the Cyprus Securities and Exchange Commission CySEC, and complies with the European Securities and Markets Authority .

What Are eToro’s Trading Products?

Credit, debit card, and electronic wallet withdrawals are instant, bank account transfers take up to 2 business days. Cryptocurrency trading is available through CFD trading the actual underlying asset (“physical”). Both versions include real-time market price alerts and notifications and can be sent via push notifications. The company is not listed on a stock exchange and is not a publicly-traded company. EToro is planning to go public soon, with a possible listing on the stock exchange. EToro’s CopyTrader system helps you to find new and better ways to build your portfolio by copying other successful traders’ strategies and portfolios.

We will of course communicate with our users if we are able to offer such an option in the future. ✅ Great for individuals who don’t have the time or knowledge to trade independently. Trade copying is a passive form of investing where you’re relying on someone else’s expertise.

  • The users can get a deeper understanding of the trading tactics and plan with the help of this virtual money.
  • The tiers range from Silver, Gold, Platinum, and Platinum+ to Diamond, requiring deposits ranging from $5,000 to $250,000.
  • I started with a demo account there, and I can say that if you want to give trading a try in a pressure-free environment, it’s a great option for you.
  • Social trading is when traders that trade online are able to get information from other retail traders and use their knowledge and experience collectively to use in their own specific accounts.

With that being said, we can confirm from our review of eToro, that this is one heavily regulated and safe broker. Founded in Israel back in 2007, eToro has quickly become one of the most recognised CFD brokers in the world. Most famous for bringing copy trading to a mainstream market, the company has been valued at more than $2.5 billion. Depending on which entity you are trading with it can act either as a market-maker or agency broker. They use this model and combine it with best aspects of STP (Straight-Through Processing) and NDD practices. This is a great advantage and puts them on top of many of its rivals.

Trading on eToro can be profitable, but as with any platform, and any form of trading, there is a significant risk of losing money in the markets. Its CopyTrader and Smart Portfolio features allow beginners to get diversified exposure to cryptocurrencies without having to constantly watch the markets. While being good for beginners doesn’t mean that it is easy to make money, it is an easier platform to use compared to some of the competition. EToro approaches trading differently than its competitors by allowing you the opportunity to follow and emulate other crypto traders, or even develop a potentially lucrative following of your own. Though eToro also offers fractional stock shares and paper trading, it will appeal most to those who are interested in learning how to trade cryptocurrencies or joining a crypto-focused community. EToro established the first social trading platform, disrupting the online brokerage industry.

  • The sentiment function shows off one of the unique aspects of eToro’s social platform.
  • Its headquarters are located in Central Israel, and the company has registered offices in Cyprus, the United Kingdom, the United States, and Australia.
  • This broker is definitely the best one if you want to use social trading as your strategy, and I don’t regret choosing it.
  • Being a citizen of the EU, your account would fall under the Cypriot eToro.

Most payment providers, such as e-wallets, take 1-2 business days. – this entity is regulated by state regulators only, as it is involved only in crypto trading. At the time of writing this review, eToro was a privately held company and as such not required to publish its ownership structure. What we know is that eToro does not have any banking parent company . EToro Academy offers a variety of resources including written guides, videos, webinars and podcasts, as well as in-person and online training courses.