eToro broker review

Why Choose eToro

    • Popular Investor & Copycat Trading
    • One of Largest Social Trading Broker
    • Client funds in segregated accounts
Losses can exceed deposit
eToro Screenshot
Trust Rating

A+

Min Deposit

£200

Mx.Leverage

30

Users

6,000,000+

HQ

Limassol, Cyprus

Established

11+ years

Full disclosure: 80% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you can afford to take the high risk as your capital is at risk.

Spreads & Fees

Pros

+

 

eToro Review

When it comes to social Trading eToro is the leading social network with over 6 million clients. It has been established over 10 years and is regulated by FCA and CySEC. With their patented Copy Trader system, you can copy trades of top traders as another approach to automated trading. They only offer traders to use their interactive webtrader platform but it is user friendly and all tools are available like MetaTrader. With the Copy Trading portfolio, copied trades go directly to the trader’s account automatically and it allows traders to manage their copied trades in a simple manner. They offer most if not all instruments via CFDs including Cryptocurrency.

Their initial deposit is as low as £50 offering no commissions on trades. They are also a diversified broker that offers the popular Investor program that allows traders to build investment portfolio with accumulated trades, earning an attractive monthly income as well as their profit.

Key Information & Features

Min Deposit- £50

Margin: From 0.25%

Min Trade-  1 Lot

Max trade: 20% of Account Equity

Service Offered-

CFDs, Spread Betting, Copy Trading, Investor Program

Max Leverage- 400:1 CFDs

Instruments- Forex, Stocks, Cryptocurrency, Commodities, ETFs & Indices

Platforms Offered- eToro Interactive Webtrader & eToro Smartphone App

 

eToro Spreads

eToro offers Fixed and Variable spreads

Forex Majors from 2 pips

Oil  0.05

FTSE 100   1.0

APPLE 0.08

Forex Minors from 4 pips

Gold 0.45

Dow 30 6.0

HSBC 0.08

 

Pros and Cons

Pros

  • Multi-Instruments to Trade, including CFDs available for Commodities, Forex, Stocks, Cryptocurrency & Indices
  • Popular Investor Program and Copycat Trading feature
  • One of Largest Social Trading Broker with client base over 6+ million
  • Client Funds held in segregated accounts
  • No Commissions on Trade
  • FCA & CySEC Regulated
  • Guaranteed Stop Loss & Limit Orders
  • Islamic Account facilities available

Cons

  • Not available for US Clients
  • Only a Market Maker
  • Does not offer Scalping
  • Not available on MetaTrader 4
  • Maximum Withdrawal time of 5 working days
  • No Micro Account Facility

 

Deposit and Withdrawal Methods

Cons

-
Full disclosure: 80% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you can afford to take the high risk as your capital is at risk.

Spread vs Trader Style

  • Scalping
  • Intraday Trading- <10 Trades
  • Intraday Trading- 10+ Trades
  • Swing Trading
  • Long Term Trading
eToro
XTB
Plus 500
Overall Trust Score A+AA-
Years Established 11+ 16+ 10+
Regulatory Authority Cysec,FCAFCACysec,FCA
Why Choose?
  • Popular Investor & Copycat Trading
  • One of Largest Social Trading Broker
  • Client funds in segregated accounts
  • 5-star Rating on Trust Pilot
  • Client funds in segregated accounts
  • Competitive Fixed & Variable Spreads
  • Professional Webtrading Platform
  • Highest Rated CFD Trading App 
  • Listed on UK FTSE 250 Index

Trading Platforms

Platforms Offered

  • WebTrader
  • MetaTrader 4
  • MetaTrader 5
  • Android App & Tablets
  • cTrader
  • Apple App & Tablets

Account Types Offered


Demo Micro Standard VIP Islamic Zero Spread Managed
Full disclosure: 80% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you can afford to take the high risk as your capital is at risk.

Deposit & Withdrawal

Deposit Methods

  • Visa Debit
  • Visa Credit
  • MasterCard
  • American Express
  • Skrill
  • Neteller
  • Bank Transfer
  • Maestro
  • WebMoney
  • Paypal
  • Delta
  • Diners Club
  • Switch
  • Western Union

Customer Support


25 Languages

Email

Phone

24/5 Support

What so unique unique about eToro?

Unique Features

  • Guaranteed Stop Order
  • Limit Orders
  • One-Click Trading
  • Additional Education
  • Trailing Stops
  • Negative Balance Protection
  • Account Verification (Identity)
  • Scalping
  • Hedging
  • Bonuses Offered

The Verdict


Full disclosure: 80% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you can afford to take the high risk as your capital is at risk.