eToro Review

eToro at a glance:

Regulation : Yes (CySEC, FCA, NFA)
Minimum Deposit : $50 (Minimum First Deposit is $200)

Demo Account : Yes
USA : No (Not active in USA at the moment)
Mobile : Yes

“General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.”

 

 

eToro Review

eToro

 

General Overview

eToro was founded in 2007 to make trading accessible to everyone and to reduce the dependency on traditional financial institutes. Later eToro launched their WebTrader, OpenBook and eToro mobile application to the clients for easier trader experience and to connect with other traders.  eToro has added and keeps adding new trading assets to their service constantly, so their clients can easily diversify their portfolio by using the same service.

In 2015 OpenBook and WebTrader were merged into one interface to make the use of these systems even user-friendlier. The next year a CopyFunds was introduced and in 2017 eToro added Ethereum, XRP, Litecoin and other popular cryptocurrencies to its cryptocurrency offering. eToro has been trading BitCoin since 2013.

eToro also has an educational center and they share valuable information with the traders in their trading academy. You can select from live webinars, eCourses, and trading videos. They also offer tips on how to trade with their platform and an introduction to leverages and margins.

Assets Coverage

In eToro you can trade stocks, ETFs, currency pairs and indices & commodities via CFDs. They work all the time towards adding new assets for their clients to trade and invest into.

Types of Platforms

eToro’s platform is available for mobile devices as an application. The mobile application is available for Android and iOS devices. Computer users can use the platform with their web browser.

The trading platform includes a social portal, which makes it easy to connect and keep in contact with other traders. It was formerly called OpenBook and it was separated from the trading platform before 2015. The platform also now has the CopyTrader™ system which makes it easy to copy other traders’ actions.

Deposits and Withdrawals

eToro supports common credit cards such as Visa, Mastercard, Maestro and Diners Club International. Supported e-wallets are PayPal, Skrill, Neteller, WebMoney, Yandex, and UnionPay. You can also deposit money to eToro with wire transfer or you can redeem credits with an eToro code.

Withdrawal of your funds will be done the same way and to the same account, you deposited your money from. If you used and e-wallet like Skrill to deposit, your money will be sent to the same account. In case of eToro is unable to pay to the same account, an alternative payment method will be asked.

Customer Service

You can submit customer service tickets via eToro website, even when you don’t even have an account to eToro. Customer service is available 24 hours from Monday to Friday.

You can also navigate to the help center at the eToro website to easily browse through the most asked questions, it has a lot of valuable information and it is very easy to use.

Safety & Security

eToro is regulated by CySEC and FCA and client’s funds are kept in segregated accounts and they are separated from their own assets. This is being supervised internally and externally and they only operate with reputable payment institutions and payment providers.

Verdict

eToro has been in the online trading industry since 2007, this alone shows that they are doing something right. eToro is growing all the time and there are more assets added to their platform constantly. They are secure to use, and their platform has a unique social aspect to it. eToro is a reputable broker and they even have eToro clubs for exclusive members with unique perks.

 

Start Trading with eToro

 

“General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.”