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Etoro review

Web: www.etoro.com

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66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

eToro is the world’s leading social trading network – with more than 5 million users from more than 140 countries and counting. Etoro was the first company which actually opened the forex trading to larger audiences by completely redesigning the overly complicated and unfriendly interfaces that were used by most of the forex brokers. Etoro made forex fun and accessible to everyone – it was quite a game-changing revolution back in the 2007.

Since then Etoro has evolved and moved slightly away from the game-like concept, but still maintaining the simple and enjoyable approach. Along the way it has gathered some Awards as it manages to come up with something unique more often than others.

Unlike its main rivals (ZuluTrade, Tradeo and others) Etoro is not only an intermediary platform offering social information exchange, it is a fully integrated solution: both a social investment network and a broker, so Etoro users can manage everything through one interface without the need to sign-up with an additional broker.

In the platform you can find all the expert traders and tap into the collective knowledge through discussions, profile walls and statistics. The best traders can be found in the top traders rankings and the rankings can be filtered with the advanced filter. Still our advice is not to rely blindly on the ranking chart as there are traders who try to manipulate with the statistics so make sure to read our tips for finding the best traders.

NEW: Etoro has added a dozen of great stocks that you can trade. Their portfolio now consists of such big names as Apple, Google, facebook,  amazon, nike, vodafone, disney, coca-cola, PepsiCo, Manchester United, Sony, Toyota and many more.

Risk Disclaimer: 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Detailed rating

User Friendliness
93%
Reliability
81%
Community
78%
Functionality
70%

Awards

  • 2012 – FSTech Award
  • 2012 – Finovate Europe – Best of Show
  • 2012 – Goldener Bulle Awards – runner-up in the category “New Ways 2012”
  • 2012 – FxEmpire FOREX AWARDS – Best Broker
  • 2011 – Finovate Europe – Best of Show

Key Figures

 

  • Founded: 2007
  • Headquarters: Cyprus
  • Regulated by: CySEC, FCA and ASIC
  • Minimum Deposit: 200$
  • Maximum Leverage: 1:30
  • EUR/USD spread: 3 pips
  • Deposit options: Credit Cards, Paypal, MoneyBookers, Bank Wire.
  • Money Withdrawal: up to 5 business days. Depends on the transfer method chosen.
  • Withdrawal fees: Depending on the requested amount and transfer method – till 25$ (imposed by the bank)
  • Trading Commissions: No*
  • Number of brokers: 1
  • Number of Traders: 5+ Million
  • Platforms: web, iPhone, iPad, Android.
  • Contacts: eToro (UK) Ltd. 24th floor, One Canada Square. Canary Wharf E14 5AB. London, United Kingdom.

* Fees may apply for holding positions overnight and over-weekend

Pros

  • Huge and active community with lots of knowledge to be uncovered
  • Ultra friendly but powerful platform
  • Less friction as the social network is integrated with the broker.
  • Can trade currencies, commodities (gold, oil, silver etc.) and even stocks (apple, google, facebook etc.)
  • Guru traders are obliged to write about their strategies to their followers
  • Small slippages
  • Risk and money management tools
  • Great offering of stocks for trading. 

Cons

  • The statistics pages of traders can be improved and deepened – trade history could be longer and more transparent.
  • Spreads could be tighter.
  • Trader filter has less parameters than the one of ZuluTrade

Start Trading Now 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Follow & Copy the best traders

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Screenshots

etoro web platform dashboard

etoro web platform dashboard

etoro web platform dashboard

etoro web platform dashboard

etoro web platform dashboard

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. 66% 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.