I’d give them zero stars for a rating if it was allowed. I am really impressed with how fast you trade on the site. You can start making money on this platform weekly without any stress.

Accounts & Banking

The trader could be making a $10 profit and we end up reading it as 300% of the trade’s value. EToro charges spreads, overnight fees on leveraged positions and withdrawal fees. The platform also secures customers’ personal information using SSL encryption — an internet security protocol that encrypts data before it’s transmitted between computers. Anyone who tries to intercept the data will only see an illegible mix of characters.

Table of Contents

However, it’s worth bearing in mind that funds are automatically converted to USD in order to trade, so you can usually get a better conversion rate elsewhere and then import USD directly into eToro. EToro must also fix the order etoro placement panel, it can be very confusing that both sell and buy options are colored in grey and the order placement button is always blue. Just like in the mobile platform, your first landing page will be the watchlist area.

Charting Tools

Moreover, only funded account holders can access research reports for stocks. EToro also presents an economic calendar, earnings reports calendar, news headlines, daily market analysis series, and podcasts. However, some of these features aren’t directly integrated into the eToro platform, which makes for a less convenient user experience. I find the mobile app to be intuitively designed and easily navigable, preserving all the essential features of the web platform. Regular updates also ensure that all versions of the app remain up-to-date with the latest functionalities.

Deposits & Withdrawals

Users on eToro can trade cryptocurrency, stocks and ETFs, and its innovative trading platform lets investors mirror select traders with successful track records, move-by-move. The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. To determine crypto exchange rankings, we assessed the features and options offered by nearly 25 exchanges, trading apps and brokerage platforms that offer crypto trading options. The eToro platform offers an active user community and social features like news feeds for specific coins available for trading. Chatting with others and diving into social feeds can provide a great introduction to the crypto world.

Can you buy actual bitcoin on eToro?

All other functions, including educational resources and account settings, are located in the left-hand panel, providing a seamless all-in-one dashboard. To show you how eToro stacks up to more suitable alternatives, I’ve compared quotes on a few notable assets during peak market hours below. As you can see, spreads are not the lowest but contend well overall. This diverse range encompasses 55 forex pairs, 432 ETFs, 21 global stock indices, 32 types of commodities, and over 4,100 worldwide company stocks.

Web Platform

Some investment platforms are best for beginners, while others are more fitting for more advanced investors. EToro was evaluated with a focus on how well it performs in each category compared to similar platforms. We investigated eToro extensively and concluded that eToro is not a scam. EToro sometimes gets a negative image because investors start trading without having sufficient knowledge.

1. 76% of retail investor accounts lose money when trading CFDs with this provider.
2. That way, you can decide for yourself whether you think the company is legitimate.
3. However, if you make the right decisions, you can obtain good results with eToro.
4. EToro has a significant client base and operates under the supervision of multiple financial regulatory authorities.

The only real downside for me is that differentiating between research, promotional, and educational content can be challenging and frustrating. The categorized videos and articles are especially useful for beginners and provide insights into trading instruments as well as the essential considerations before investing. While eToro excels in incorporating fundamental analysis into its shares trading platform and daily blog articles, it lacks robust technical analysis compared to industry leaders like IG.

All research, writing and data collection at StockBrokers.com is done by humans, for humans. EToro offers a highly polished mobile app for both iOS and Android devices. The app allows you to access your eToro account, trade various assets, view market data, manage your portfolios, and utilize social trading features on the go. The platform is easy to use and there are loads of traders to choose from.

There is a minimum investment of $100 unless you want to try eToro with a virtual portfolio. Though that may not be an issue for some potential clients, many competitors don’t require an initial investment. EToro does not charge a fee for withdrawing money, but there is a $30 minimum. To evaluate brokers, we test the accounts, trading tools and services provided.

If you require any personal advice or recommendations, please speak to an independent qualified financial adviser. The Forbes Advisor editorial team is independent and objective. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive payment from the companies that advertise on the Forbes Advisor site. Kevin Voigt is a freelance writer covering personal loans and investing topics for NerdWallet. He previously was a reporter with The Wall Street Journal and business producer for CNN.com in Hong Kong, where he was based for nearly two decades.

The main advantages of this area is being able to create your own chart layouts and save them. Also you have the ability to either use different symbols on each chart or make all the charts have the same one, this is great for traders that study the same asset on multiple timeframes. We found the mobile charting tools extremely limited in comparison to other platforms.

Payments are fixed per investor and paid monthly to your eToro account. You can also receive additional bonuses for advancing the ranks. And if you’re a beginner in the crypto investing space, you’ll also have several educational guides. The BBB rates companies based on how well it believes they interact with customers. Since bureau ratings range from A+ to F, eToro’s D- is a fairly low rating but not the lowest. Past performance is not an indication of future results.

EToro is a top-rated multi-asset platform which offers trading services in thousands of CFDs, stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. The brand is particularly popular for its comprehensive social trading platform. Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. 74% 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.

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. While eToro didn’t make our shortlist of best platforms for beginners, its platform is simple and easy to learn. The web platform and mobile app are virtually identical. Its CopyTrader and Smart Portfolios features allow beginners to get diversified exposure to cryptocurrencies without having to constantly watch the markets.

EToro USA is a member of Finra and carries account insurance of up to $500,000 per account through the Securities Investor Protection Corporation, or SIPC. If you are in the United States, check whether eToro is licensed to trade stocks in your state; at the time of this writing, a handful of regions were not licensed. Note that its offerings https://forexbroker-listing.com/ for U.S. traders may differ from its offerings abroad. I find eToro’s customer service options to be somewhat lacking for a broker of its stature, hence only a reasonable customer support rating of 3. Importantly, deposits to a live account are free, but a withdrawal fee of $5 applies (plus a frustrating minimum withdrawal of $30).

We have checked the registrations, and eToro is indeed registered with these bodies. This means that the company has to abide by strict rules and can’t go crazy with your money. EToro is a broker where you can try many services for free. In this article, we examine whether it is safe to use eToro.