eToros securities trading offered by eToro Securities, Inc, (“the BD”), member of FINRA and SIPC. Investing involves risk.
eToro is a leading trading and investing platform that’s recognized for its stock and crypto broker services. Its standout feature, copy-trading, allows users to reproduce the trades of other investors on the platform. In addition to stocks and cryptocurrencies, eToro provides Smart Portfolios — diversified portfolios of crypto assets managed by eToro.
The platform is regulated by regulatory authorities such as the FCA, SEC, ASIC and CySEC, ensuring a level of trust and security for users. While eToro boasts a user-friendly web and mobile platform, it has limited customizability and lean educational and research offerings. Overall, eToro provides a convenient and regulated platform for social trading and investment.
- Commission-free stocks and ETFs trading
- Innovative social investing platform with CopyTrader feature
- Access to a wide range of cryptocurrencies, stocks and ETFs
- Free virtual trading account and digital wallet
- High spreads for buying and selling crypto assets
- Contracts for difference (CFDs) unavailable inside the U.S.
eToro Stocks Ratings at a Glance
eToro Product Offerings and Features | |
eToro Commissions and Fees | |
eToro Usability | |
eToro Customer Support | |
eToro Security Measures | |
eToro Mobile App | |
eToro Overall Rating |
***eToro USA LLC and eToro USA Securities Inc.; investing involves risk, including loss of principal; Not a recommendation. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
***Disclosure: eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro presents a comprehensive trading solution with abundant features, a user-friendly interface and diverse asset offerings.
It provides commission-free trading for U.S. stocks and ETFs, along with cryptocurrencies like Bitcoin, Litecoin and Ethereum.
Global customers can also avail themselves of competitive forex and CFD trading fees.
However, there are non-trading fees, such as withdrawal and conversion fees that may apply to all accounts.
One of eToro's key attractions is its copy-trading functionality, which allows users to replicate the trades of successful investors. This social aspect extends to community engagement through discussions and forums, improving the trading experience.
The platform supports trading in diverse assets, including cryptocurrencies and stocks for U.S. customers. While crypto trading incurs a 1% fee, eToro offers access to 25 cryptocurrencies. You can also stake cryptocurrencies and earn rewards.
However, CFD trading is unavailable for U.S. residents, but it is available to global customers who can invest in indices, commodities and options.
eToro's user-friendly web and mobile platforms facilitate seamless trading experiences backed by security features like two-step authentication and biometric login options.
With low minimum trade and deposit amounts, eToro is accessible to all traders. Fractional shares and a lack of commission fees for stock and ETF trades further enhance its low-barrier-to-entry appeal. The platform also offers a free digital wallet for cryptocurrency storage and virtual trading accounts for practice purposes.
Be advised that crypto CFDs and staking are not available to UK customers.
eToro charges different fees and commissions depending on the trading activity and service. High spreads may make the platform less suitable for day trading.
- Trading fees: eToro offers free trading for stocks and ETFs. Forex fees are low and CFD fees are average. All fees are included in the spread, meaning there's no separate commission. For example, the EUR/USD spread is 1.0.
- Deposit fees: There are no deposit fees with eToro. However, you may face high conversion fees if you deposit in a currency other than USD, like EUR or GBP.
- Withdrawal fees: eToro charges a $5 withdrawal fee, with a minimum withdrawal amount of $30.
- Inactivity fees: eToro charges $10 per month after one year of inactivity. Logging into your account counts as an activity.
- Crypto fees: eToro charges a 1% fee for crypto trading on top of the spread. The spread varies depending on the crypto asset.
The minimum deposit to start trading with eToro is $200 for most countries, $100 for U.S. and $50 for Australian clients. Some payment methods may have higher minimums, such as $500 for bank transfers.
eToro has a limited-time offer for new users: you get $10 when you deposit $100. This offer is valid until Dec. 31, 2024. To claim it, you must sign up, verify your account, make your first deposit of at least $100 and buy any asset you choose.
eToro's commission and fees are competitive for stock and ETF trading but less attractive for CFD and crypto trading, earning it a 4 out of 5 rating.
eToro is innovative and user-friendly. Users can access trade mirroring, portfolio viewing, advanced charting tools and other helpful features to implement longer-term or day trading strategies. The mobile app for both iOS and Android has received mostly positive reviews.
Signing up for eToro is fast and convenient and the minimum deposit is reasonable.
User reviews for eToro are somewhat mixed. While some users commend its platform and features, others express dissatisfaction with its customer service, withdrawal processes and technical issues. Trustpilot rates eToro at 4.3 out of 5 based on over 22,507 reviews.
eToro customers can contact customer service through email, live chat or submitting a support ticket. WhatsApp and phone support are reserved exclusively for eToro Club members with $5,000 or more equity. Some users have expressed dissatisfaction with slow response times or delays in withdrawals.
eToro employs robust security measures to protect its users' data and transactions. It uses SSL encryption for all communications, safeguarding sensitive information from unauthorized access or interception.
Before users can deposit or withdraw funds, eToro mandates identity and address verification. This measure helps prevent fraud, money laundering and identity theft.
Regulation is another key aspect of eToro's security framework. The platform is regulated by various authorities across different jurisdictions, ensuring compliance with strict standards for customer protection and operational integrity.
To further protect users' funds, eToro keeps them in separate bank accounts and refrains from using them for operational or investment purposes. This segregation ensures that funds remain available and safeguarded, even in cases of insolvency or bankruptcy.
The eToro mobile app allows investors to access the platform on their smartphones or tablets. While it's virtually the same as the desktop version, some notable differences and limitations exist.
For instance, the app lacks advanced features like ProCharts, which allow users to view multiple charts and indicators simultaneously. Also, it offers fewer cryptocurrencies than the desktop platform and transferring crypto to the eToro wallet or other platforms isn't supported.
Despite these drawbacks, the eToro mobile app boasts a user-friendly interface, a diverse range of assets and unique social and copy trading features. It provides solid functionality for investors seeking to manage their portfolios on the go.
eToro vs Competitors
eToro is not the only trading platform with access to various markets and instruments, advanced charting tools and social features. Competitors such as TradingView, thinkorswim and MetaTrader 4 offer similar features. However, they also differ in areas like fees, the selection of assets, applicable regulations and available customer support.
Here is a comparison table that shows some of the main features and ratings of eToro and its competitors.
- Best For:Buying & selling DogecoinVIEW PROS & CONS:securely through Robinhood Crypto's website
Launched in 2007, eToro is a brokerage that scores 4.5 out of 5 stars for its unique social investing platform, diverse asset selection and low minimum trade amount. One of the key benefits of eToro is its innovative social investing platform, which allows users to copy the trades of successful investors. This feature allows less experienced investors to learn from seasoned professionals and improve their investment strategies.
eToro offers a wide range of cryptocurrencies, stocks and ETFs to trade, along with a free digital wallet for storing cryptocurrencies. The platform's low minimum trade amount of $10 makes it accessible to investors of all levels and the absence of commission fees for stocks and ETF trades is another plus.
However, there are some drawbacks to consider. eToro is unavailable in all U.S. states and doesn't offer direct crypto-to-crypto trading pairs for U.S. users. Generally, users find the platform to be simple and intuitive to use.
For a limited time, you can receive a $10 bonus when you deposit $100 in eToro.
Frequently Asked Questions
Is eToro legit?
Yes, eToro is a legitimate platform for trading stocks and crypto. It is regulated by top-tier authorities worldwide, such as the FCA in the U.K. and ASIC in Australia.
What is the downside of eToro?
The downside to eToro is its high fees for buying or selling crypto assets, poor customer support and no direct crypto-to-crypto trading pairs for U.S. users.
Is it safe to invest via eToro?
It is safe to invest via eToro, as it uses SSL encryption to protect data transfers, verification to prevent fraud and segregation to keep users’ funds separate from their own. Users should also take precautions and be aware of the risks and rules of trading.
Disclaimer:
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. 51% of retail investor accounts lose money when trading CFDs with this provider. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
“[Affiliate] is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.”
User Reviews
bean tessy
Investing can be a great way to grow your wealth, but it is important to do your due diligence and research before entrusting your money to any platform. Always read the fine print and be wary of promises that seem too good to be true. Remember, if someth
Maya Noelle
I almost lost 55k why trading with this scam..but all thanks to Mr Ken who helped me and get all my money back from them.. feel free to contact him at [email protected] he will definitely help you
Sue Hank
I want to testify about WARDRIVER’S CYBER SERVICE and how I got my hack from them after I lost my job and was bankrupt. I was able to get a blank ATM card worth $95,000.00 which can be used to withdraw money from any ATM machine around the world, it can b
fred
I filed an email complaint to FASTFUNDSRECOVERY after this coinbase scammed and i was able to recoup my loss. It was a long journey, too long to fit into one post but i hope other people get help too.
Sarah Welham
I could recovered my funds back from a scam broker (WAZIRX) with the help of Kate Donaldson (katedonaldson52@g mail. com) +1 9 1 0 2 1 2 6 5 2 0. Thank you Kate for job well done, now I have more than enough for Christmas.
winston gary
My Mom got scammed of all her savings by a Chinese crypto trader she came in contact with on social media account and the scammer went away with all her savings, we involved [email protected] who then help to get back the funds from scammers
TRISHA
CONTACT FASTFUNDSRECOVERY AT PROTONMAIL COM FOR RECLAIM FOR LOST FUNDS
reuben
“I had a withdrawal issue with them and couldn’t get my funds when i initiated a withdrawal, They ask me to pay 20% upfront fees, I did and they asked for me. It’s not so good if everyone complains about a particular issues and nothing is been done to cor
John G
An interesting platform to buy cryptos. Though I prefer coinbase.
Beatriz Devin
Hello report any scam issues immediately I also loose my money if you are having any scam issues be fast to report it to this email [email protected] they have helped alot of people both me I know they can still help you out thanks ....
Nancy Juliet
I have invested with some scam brokers in the past, and the story is as horrific as the ones i have read because i went through the ordeal myself. I lost almost $80,000 USD to this unfortunate brokers, a friend referred me to Mr Jackson Evans that got me
JESSICA MARIE SWARTS
Purchasing crypto and making moolah!!!
Tom Houston
As educational
Vanja Hadzic
Thanks ...
prakash thombre
very poor service but good information and concepts
em
biased review. etoro is a scam
But...
Couldn't really see anything about etoro closing markets during volatile times so that a lot of people are losing money. Me included. They also have ridiculous spreads on the trades. The other day the spread for bitcoins was well above $1000 over the sell price. Etoro is quite a shifty broker. But there were not a single bad thing written about the company in your review, making me not believe in what you're saying what so ever.
Fatiha Mebarki
merci
Submit Your One Minute Opinion
About Anna Yen
Anna Yen, CFA is an investment writer with over two decades of professional finance and writing experience in roles within JPMorgan and UBS derivatives, asset management, crypto, and Family Money Map. She specializes in writing about investment topics ranging from traditional asset classes and derivatives to alternatives like cryptocurrency and real estate. Her work has been published on sites like Quicken and the crypto exchange Bybit.