Our testing found that eToro offers a dynamic and comprehensive forex and CFD trading experience. We highly recommend it based on its overall performance and offerings in the forex and CFD sectors, especially for those interested in copy trading. Basic tools such as an Economic Calendar are available and undoubtedly provide valuable support to traders, but those services are now expected as standard. While the education and learning resources available are satisfactory, there is little chance of them being described as exceptional. EToro provides mobile trading apps for both iPhone and Android devices.
- These resources cover many trading topics, as well as social trading tips to help you use their platform better.
- EToro boasts an extensive range of tradable instruments that cater to a wide spectrum of trading interests and strategies.
- It works by placing the top traders in groups of single funds that they can easily copy trade.
- In summary, eToro offers a diverse set of deposit and withdrawal options to accommodate traders’ preferences.
- In this in-depth review of eToro, we’ve gone beyond the surface – collecting over 200 data points across eight key areas and combining them with real-world experience.
Table of Contents
Options Screener
If it comes off, the brokerage will be subject to even stricter disclosure requirements, boosting transparency and potentially earning it an even higher trust score in our proprietary rating system. In addition, you should have a look at the portfolio and on the trading history before copying a trader. In the portfolio you will see what types of trades that person performs, divided into the categories foreign exchange, commodities and indices. Looking at the chart, you can see that the Lithuanians managed to achieve a gain of 450% over a period of five months. And this was not with a few lucky trades where which he risked a lot of money, but with continuous small trades adding up to a nice profit. The problem is that “if something sounds too good to be true, it probably is“.
Best Forex Brokers
While support is accessible 24/5 (Monday to Friday), the available channels are limited. That said, the first deposit requirement varies quite significantly by location, ranging from $10 to $10,000. Most clients will likely fall into the $50 and $100 deposit requirement. You can’t use it in Canada as well as in Japan, Syria, Sudan, North Korea, Iran, and Cuba. In the United States, the platform has been gradually rolling out and may not support all states.
eToro Trading Platforms
The platform includes some of the most cutting-edge trading technology, including as the eToro CopyTrader system, the Popular Investor Program, and the CopyPortfolios investment methods. The pride of eToro is its proprietary trading platform, with its clean user interface and social trading tools CopyTrader and CopyPortfolios. EToro offers a $100,000 demo account, and I could not find a time limit. There is nothing inherently wrong with offering any nominal amount in a demo account, but I feel it would be more considerate to newer traders to use a lower figure as a starting balance. The main difference is the regulatory environment, its restrictions, and its protections.
Beginner traders, particularly millennials and GenZ who desire social trading, have a platform catering to their needs. EToro focuses on social trading, but I do find a minor inconvenience in how clicking on an asset opens the feed section instead of the chart. Also, ProCharts requires a separate login and is unavailable from the trading platform, where traders have no analytics tools. Traders get sentiment indicators, showing the trend among eToro clients for all crypto coins.
From our experience, the virtual balance is not replenished immediately after registration but after some time – approximately a couple of hours. After completing the application form, you can fund your account, but you cannot trade until full verification is completed. You must provide accurate information, as the broker will require you to upload scans or photographs of supporting documents upon completion. To start trading, you must provide your details and verify your account. Trust Scores range from 1 to 99 (the higher a broker’s rating, the better). He is a forex industry expert and an active fintech and crypto researcher.
Customer Reviews and Trust Scores
- Advanced charts enhance analytical capabilities, allowing users to view multiple instruments simultaneously and customise charts to align with complex strategies.
- The announcement comes after eToro reached a settlement with the SEC for charges that the trading platform operated an unregistered brokerage and clearing agency related to its crypto dealings.
- EToro is a well-known name among Forex traders due to its numerous successful advertisement campaigns.
- Social trading is for traders that want to learn from and make trading decisions based on interactions with other successful traders.
Firstly, the set of indicators is limited to just a few popular options. Statistics, asset allocation information, and other parameters for analysis are available for each portfolio. All traders are divided into four levels, with only three included in The Popular Investor program. The conditions for achieving each level and the reward amounts are provided in the table.
Security and Customer Service
As maybe yourself, we were absolutely thrilled when we first heard about this social trading platform from eToro. Simply copying successful traders seemed to be an easy way to make lots of money without any real work involved. Due to bad experiences in the past, we didn’t deposit real money to test the eToro Copytrader. Instead, we just opened a free demo account with eToro and used the $ 10,000 play money to make our own experiences with Copytrader. In the beginning, we spent a lot etoro forex broker review of time to find the really successful traders.
This review focuses on the features, pros, and cons of eToro, as well as its suitability for different types of traders. To incentives, the top traders to share their data eToro provides payouts on how many copiers an individual has. This means that experienced traders can make money based on their trades and additional profits as high as 2% of assets under management as rewards for having copiers of the strategy. In its rules, the broker states that some stocks are acquired on the exchange in the client’s name (if leverage is not used) while others are traded via CFDs. For reference, CFDs are contracts for difference, most commonly found with forex brokers, and do not imply physical ownership of the security.
EToro US does not charge any account maintenance, deposit/withdrawal, or inactivity fees. The broker also offers unique products like Smart Portfolios, enabling clients to focus on specific market segments, such as Decentralized Finance (DeFi). A filter lets you quickly toggle the educational library between beginner and advanced material so that you can customize the experience to your skill level. A variety of educational formats are available as well, with long-form articles and videos as options. Only the biggest movers of the day and trending assets are highlighted on the platform.
The CFD price follows the underlying asset’s price but may differ slightly at certain moments in time. EToro offers access to a wide range of financial instruments, including stocks, ETFs, forex, CFDs, and cryptocurrencies, but does not provide full transparency for some operations. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.
Losing Money with eToro Copytrader – Reasons and Explanations
You can view real-time figures showing the profit/loss of each position, cash available, total funds invested, total profit/loss, and the total value of the portfolio. Investor profiles go into depth with metrics like trades per week, average holding time, and percentage of profitable weeks. I especially liked the social element, where you can follow posts from the investor you are copying and even interact with them via comments.
I’m equally impressed with eToro’s educational offering which is worthy of a high education rating. EToro’s research offerings have steadily improved, now standing as a competitive force in the market and upholding its excellent research rating. All other functions, including educational resources and account settings, are located in the left-hand panel, providing a seamless all-in-one dashboard. The platform actively strives to expand this market by adding new tokens as they gain wider acceptance. The platform further bolstered its suite of digital tokens in 2025, adding 29 new cryptos in April, from gaming and DeFi to AI tokens and memecoins. Fractional shares are an added bonus, reducing entry barriers for beginner investors by allowing partial ownership of single shares.
