Pros
  • Free stock and ETF trading
  • Easy and fast account opening
  • Social trading
Cons
  • Free stock and ETF trading
  • Only one account base currency
  • Customer support is not professional enough

Reviewed broker: eToro Social Trading Network

Established in 2007

Location: United Kingdom, Cyprus, USA, Australia

Regulation: Financial Conduct Authority (FCA), Cyprus Securities Exchange Commission (CySEC), Organismo Agenti e Mediatori Italy (OAM), Malta Financial Services Authority (MFSA), Australian Securities & Investments Commission (ASIC), Financial Services Authority Seychelles (FSAS), Money Services Business (MSB) with the Financial Crimes Enforcement Network (FinCEN) in the United States, Gibraltar Financial Services Commission (GFSC)

USA Traders: allowed at eToro USA

Languages: English, French, German, Polish, Portuguese, Romanian, Spanish, Russian, Arabic, Nederlands, Chinese, Italian, Danish

Trading Conditions and Features

Trading instruments: Forex, Cryptocurrencies, Stocks, Commodities

Maximum leverage: 1:30; 1:1 for Crypto Currencies

Mini account: no

Spreads start from 2 pips

Demo account: yes (fueled with $100,000 USD of virtual money)

Segregated account for client funds: yes

Islamic swap-free accounts: yes

Social trading: yes

Spread types: variable

Stop loss/ limit orders: yes

Hedging: allowed

Automated trading: yes 

eToro Platform Review

eToro is the world’s leading social trading platform, trusted by millions of users from more than 140 countries. The eToro platform and app offer a variety of financial assets in which to trade and invest.

  • 2,000+ assets
  • Low and transparent fees
  • Features for novices and experts
  • Wisdom of the crowd via social trading
  • Ready-made CopyPortfolios™
  • Intuitive, easy-to-use platforms

eToro offers 2,000+ financial instruments across various classes, such as stocks, crypto and more. 

eToro’s aims to open up markets to everyone, with an easy-to-use, intuitive interface. To help clients better manage their finances, it developed innovative trading features:

VIRTUAL PORTFOLIO

Upon opening an account with eToro, each user receives a free $100,000 demo account. Using their account, eToro clients can build a virtual portfolio to practice and experiment with.

TIPRANKS RESEARCH TAB

Gain insights from leading analysts in one place, as the Research Tab aggregates the cumulative knowledge of investors and experts from some of the world’s leading financial institutions.

ONE-CLICK TRADING

Operating under the realisation that many of its clients often repeat their trading habits, opening the same positions for the same instruments at different times, eToro introduced this feature. One-Click Trading enables clients to open a new position, using ready-made parameters, with a single click.

STOP LOSS AND TAKE PROFIT

To help clients better manage their positions, protect their investments and secure their profits, eToro enables them to set predetermined price points for closing an open position. Stop Loss closes the position if it reaches a certain loss, while Take Profit offers the same feature for securing profits at a predetermined price point.

TRAILING STOP LOSS

This feature is an expansion of the Stop Loss feature, enabling clients to keep a position open, as long as the markets are moving in the direction that benefits their trade.

PROCHARTS

A professional-grade technical analysis tool, ProCharts enables you to compare charts from different financial instruments and/or different time frames.

OFFLINE TRADING

Since trading is often a 24/7 business, eToro allows specific trading and investing orders to be placed, even if the platform is down for maintenance.

Social trading

Since 2010, eToro has placed a growing focus on social trading, harnessing the wisdom of the crowd for the benefit of its clients. One of eToro’s key differentiators is the fact that it created a community of traders and investors, in contrast to the often solitary feeling of trading online. eToro is a bustling online social network of traders who interact, discuss ideas and share their trading decisions and strategies on the social news feed.

CopyTrader

CopyTrader, enables traders to replicate other traders’ actions in real time. To encourage top traders to get copied, eToro created the Popular Investor program.

CopyPortfolios

Another unique product offered by eToro is CopyPortfolios, which are ready-made, investment strategies, offering thematic investment, such as medical cannabis, driverless cars, and people-based portfolios.

Live feeds of trading activities: yes

Follow specific traders activity: allowed

Copy other traders: yes 

Learning Material and Latest Promotions

Educational material: tutorials, webinars, online videos, blog, market analysis

Customer support: email, phone, online chat are here to answer any question. The customer service team is available 24/5, so you’ll have professional assistance whenever you need it. Additionally, there is also exclusive trader programs and frequent financial news updates.

eToro Payment Options

Minimum deposit requirement: $200

Payment methods: credit cards, Paypal, Skrill, Neteller, unionpay china, webmoney, yandex, Bitcoin

How was the rating of eToro performed compared to other brokers? 

This 2024 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on eToro FX broker performance and features. 

Overall our online eToro review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online broker eToro or you find inaccurate details eToro broker review please get in touch with us and the changes will be applied. 

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. 75% 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.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

© ForexExplore.com 2007 – 2024 Trading financial instruments carries high level of risk to your capital with the possibility of losing more than your initial investment. This site will not be held liable for any loss or damage in result from using the information within the site including forex Broker reviews 2024, market analysis, trading signals, learning resources and comparison tables. The data within this website is not necessarily real-time nor accurate and do not represent the recommendations of the employees. Currency trading is not suitable for all investors. Before deciding to trade currency or any other financial instrument please consider consider your investment objectives, level of experience, and risk appetite. While we do our best to provide up-to-date information, we strongly encourage you to verify it directly with the broker of your choice.