eToro Review 2024

eToro review
eToro Awards

eToro have won numerious industry awards over the 17 years they have been operating as a financial broker. We have listed the most notable awards and mentions for eToro below.

• Best Broker for Cryptocurrency Trading 2023 - Investopedia
• Best Trader Community 2023 - Forex Brokers
• Best Copy Trading Platform 2023 - Finder
• Best Multi Asset Platform 2021 - Ultimate Fintech
• Best Stock Broker 2021 - Ultimate Fintech
• Best Educational Materials 2022 - Investment Trends
• Best Platform for Trading Cryptocurrencies 2019 - ADVFN International Financial Awards
• Best Crypto Award 2021 - Day Trading
• Best Social Trading Platform 2019 - ADVFN International Financial Awards
• Best Of Show 2015 - Finovate Europe
• Best Trading Platform 2013 - Star Awards
• Best Use Of Social Media 2012 - The Share Awards
• Goldener Bulle 2012 - Finanzen Verlag
• Best Mobile Trading Platform 2011
• Best Active Trading Platform 2010 - Money AM Online Finance Awards

eToro review
eToro Fees Explained

• eToro withdrawal requests are subject to a $5 fee. Also withdrawals sent in non USD currencies will also have conversion fees.
• eToro does charge a fee for inactive accounts.
• eToro doesn't charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from eToro are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

eToro Costs To Check

Modern brokers like eToro provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, eToro may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall eToro trading profitability.

Trading fees with eToro depend on the financial instrument that is being traded. There are zero trading fees on stock and ETF trading. But when trading Forex or CFD trades on the eToro platform, associated trading fees are the market average for those financial instruments. Unlike some trading systems, there is no management fee for having an eToro account. There are some non-trading fees, like the $5 withdrawal fee.

How eToro Fees Compare Against Other Brokers

eToro Minimum Deposit

eToro requires a minimum deposit of 100 GBP/USD/EUR when opening an eToro trading account.

A minimum deposit is the minimum amount of money required by eToro to open a new online brokerage account with them.

Don't be scared off by brokers like eToro charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like eToro, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

eToro Withdrawal Fees

If you want to withdraw funds from eToro, please note that a withdrawal fee of $5 (approximately 4.22 GBP, depending on exchange rates) will apply. Additionally, withdrawing funds in a non-USD currency may incur conversion fees, as USD is eToro's base currency.

The eToro withdrawal fee waivers, and there is no withdrawal fee for Platinum or Diamond eToro Club members. To become an eToro Club Platinum member, you must hold at least $25,000 equity with eToro. Being an eToro Club member comes with many additional benefits.

eToro has a minimum amount you can withdraw of $30, and of course, you can only withdraw what is in your available eToro balance. eToro will send you a notification once your withdrawal has been completed.

eToro Withdrawal rules may vary across different brokers when it comes to transferring funds from your eToro or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with eToro may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the eToro withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from eToro. Researching and comparing eToro withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing eToro funds frequently or dealing with large sums of money. Awareness of these eToro fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your eToro funds.

eToro Withdrawal Methods

eToro funds are usually withdrawn to the same payment method used to fund your account. eToro, by default, prioritises withdrawals to credit cards, PayPal and bank transfers. But eToro can support multiple payment methods and allows you to withdraw your funds to Credit cards, VISA, MasterCard, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, Giropay, Electronic wallets (eWallets), Payoneer. Each separate payment method may have differing conversion fee costs.

For example, eToro allows you to withdraw your funds to Credit cards, VISA, MasterCard, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, Giropay, Electronic wallets (eWallets).

Past performance is not an indication of future results.

eToro Inactivity Fees

eToro does charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by eToro terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all eToro fees and services. It's recommended that you check the eToro website before signing up. If you decide to close your eToro account, it's important to do so with the eToro broker customer support and obtain confirmation that no remaining eToro fees are due.

Brokers like eToro must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

eToro Deposit Fees

eToro does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

eToro Commission Fees

eToro has 0% Commission on real stocks / ETFs investments.

Brokerage firms like eToro may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the eToro trading account level held by the trader.

eToro may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing eToro terms and conditions to understand the commission fees and any other charges that may apply is essential.

eToro review
Trading on eToro web platforms and other applications

eToro provides traders with a modern custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so here.

eToro also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

Past performance is not an indication of future results.

You can download the IOS and Android apps from the links below. eToro users report the IOS and Android apps as easy to use.

See eToro's platforms

Is the eToro Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the eToro trading platform to protect you on PC and mobile eToro platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using eToro web trading platforms.

eToro Trading Platform Options

eToro does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

eToro offers its custom trading platform developed and tested in-house. The eToro trading platform allows traders to track their portfolios and the current markets, locate trade ideas and place trades.

The eToro platform allows traders to filter the financial marketplace for trade opportunities that match criteria.

With eToro, you can examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the eToro platform, including news and quotes. Discover possible trades with the strong charting tools found with eToro. eToro is available as downloadable applications or online through the cloud. Monitor your orders with eToro and receive breaking news in your positions.

eToro Trading Dashboard Home

Past performance does not indicate future results.

How The eToro Main Dashboard Works

eToro Dashboard Main Screen

The eToro trading dashboard is the first thing you will see after logging in to your secure eToro trading account. The eToro dashboard helps to get a quick overview of financial market conditions.

The main screen displays a live price summary of securities and other financial assets. These are live market prices that update in real-time.

You can see how the most popular stocks, commodities, Indices, Forex currencies, cryptocurrencies and other financial assets perform on the live markets.

The interface is clean, with a simple navigation panel to the left.

eToro Dashboard Navigation

The main navigation for the eToro trading platform is always within easy access. Whether viewing on a desktop computer or mobile device, you will always be only 2-3 clicks away from whatever you need.

A good easy-to-use UI design and a trading platform responding quickly to your actions are crucial for active traders. The financial markets can be extremely volatile, and responding to market news and trends can make or break a trader's trade.

The eToro navigation is well-designed and responds quickly. The eToro platform feels very sturdy.

The eToro trading platform has the following navigation options on the left panel to review markets and access what you need quickly.

• eToro Watchlist
• eToro Portfolio tracker
• Market News Feed
• Trade Markets with eToro
• Copy People - Copy other traders on eToro
• Invest in CopyPortfolios with eToro
• eToro Club Dashboard
• Invite Friends to eToro
• eToro Help Portal
• eToro Guides
• Withdraw Funds from eToro
• eToro Demo and eToro Live markets toggle
• Search markets and people on eToro

eToro Charting

Past performance is not an indication of future results.

eToro Charts Explained

eToro ProCharts

eToro is a trading platform that offers various charting options, including the eToro ProCharts, which display candle charts for different assets such as Apple Computer Inc.

One of the advantages of eToro's charting system is the ability to configure charts according to user preference, such as changing the data feed period from 1 minute to 1 week. The charts also update in real time. To increase the chances of success when trading, it is recommended to fully understand the range of charts and tools available on the eToro platform. With practice and time, these tools become easier to use.

eToro Charting Types

eToro offer the following chart types :

• Candle
• Hollow Candle
• Bar
• Line
• Mountain

eToro Charting Tools

eToro offer the following charting tool options :

• Line
• Horizontal
• Vertical
• Channel
• Rectangle
• Ray
• Segment
• Annotation
• Fibonacci
• Pitchfork
• Eclipse
• Doodle
• Measure

Available eToro Charting Studies

eToro offers the following charting tool studies :

• Moving Average
• RSI
• Bollinger Bands
• MACD
• Stochastics
• Ichimoku Clouds
• Parabolic SAR
• ADX / DMS
• Standard Deviation
• Money Flow Index
• Momentum Indicator
• Ultimate Oscillator
• Average True Range
• Williams %R
• Donchian Channel
• Detrended Price Oscillator
• TRIX
• Keltner Channel
• Commodity Channel Index
• Swing Index
• Pivot Points
• Weighted Close
• Coppock Curve
• Center of Gravity
• Median Price
• Random Walk Index
• Linear Reg Forecast
• Linear Reg Intercept
• Linear Reg Slope
• Linear Reg R2
• High Minus Low
• Alligator
• Channel
• Price Oscillator
• Vertical Horizontal Filter
• QStick
• Awesome Oscillator
• Aroon
• Elder Ray Index
• Schaff Trend Cycle
• Stochastic Momentum Index
• Accumulation / Distribution
• Accumulative Swing Index
• Chande Forecast Oscillator
• Chande Momentum Oscillator
• Prime Number Bands
• Prime Number Oscillator
• Pretty Good Oscillator
• Average Deviation
• Ehler Fisher
• Fractal Choas Bands
• Fractal Choas Oscillator
• High Low Bands
• Highest High Value
• Lowest Low Value
• Pitchfork
• Price Rate of Change
• Rectangle
• Segment
• Ray
• Line
• Doodle
• Annotation

eToro Chart Stats and Indepth Details

Past performance is not an indication of future results.

eToro allows you to view detailed statistics on financial securities and other assets easily.

In the image above, you will see that you can change the date range of the AAPL chart, view the previous close, days range, 52-week range, average volume, 1-year return, market cap, profit/earnings ratio, revenue, EPS and dividend yield. All are easily accessible within the eToro platform. Charting tools are essential when analysing market conditions and monitoring and spot trends that will help your investment strategy.

eToro Financial Summary

Scrolling down the eToro statistics page, you can see a financial summary of your selected security.

This includes useful information like income statements, balance sheets and cash flow statements.

eToro News Feeds

Past performance is not an indication of future results.

eToro has a news feed built into the platform where you can read the market news from other traders on the eToro platform.

These active news feeds allow you to review market events and understand market trends and sentiment. Although some of this information may be useful, you should do independent research and verify what you read.

eToro CopyTrader

Past performance is not an indication of future results.

eToro has an innovative feature called eToro CopyTrader.

eToros CopyTrader allows registered users to copy trades of other successful traders on the eToro platform.

For convenience and ease of use, eToro layout the Copytrader page by Editors choice, Most Copied, Trending, Top Investors, Lower Risk Score, Medium Risk Score.

You can also search the eToro platform for specific successful traders in the niche you want to trade in and view their news feed, trading statistics, and performance.

eToro Copy People Search Filters

You can filter your search for eToro traders to copy by specific country.

You can filter the type of market you want your traders to trade in, for example, Forex brokers trading currencies, Crypto, Commodities, Indices, Stocks and ETFs.

Another great feature is that you can filter traders to copy by the average percentage their trading has gained. For example, you can type in a number to show only traders who have gained 10% over the last 12 months. You have a duration filter that accompanies the percentage gain filter. You could return eToro traders that have gained 10% over the last 1 month to 2 years.

A fascinating feature. But of course, you must take these tools with a pinch of salt. Do your research before committing to any trading activity.

eToro Copy People Trader Statistics in Detail

Past performance does not indicate future results.

As you can see from the screen capture above, you can see a specific trader's trading performance historically by month and year. Understand that when you view any of these stats, although easy to use, past trading performance is not an indication or guarantee of future trading performance. eToro updates this statistics data every day.

eToro Trader Risk Score

eToro display a risk score for each trader. This trader risk score is an average calculated using eToro's bespoke risk score algorithm using data from that user over the last 7 days. You can see how a trader's risk score has changed over previous months and years. You have an average percentage of that trader's max drawdown over the last day, week and year. The eToro risk score is a value from 1 to 10. A 10-risk score is a high-risk eToro trader, and a 1-risk score estimates a low-risk eToro trader.

The trader statistics detail page shows how many other registered eToro users are copying this trader. You can see from the screen capture that 19,892 traders are copying the trader above.

eToro Trader Trading Type Breakdown

Scrolling down the trader statistics page, you will see a breakdown of the types of financial assets and securities they are trading.

You can see the total number of trades completed over the last year. The trade data is displayed in percentages, segregated into what percentage of these trades were stocks, indices, crypto, ETFs, commodities and currencies.

eToro Trader Average Trading Stats

Some of the most important values here are the average percentage of profitable trades and the average of traders with a loss. On the far right, there is a percentage of profitable trades.

You can see which securities are most frequently traded by your selected trader and how profitable they were when trading those financial assets.

You can see on average how many trades they complete each week, their average holding time, how many weeks on average their trades have been profitable and the date the trader completed their first trade on the eToro platform.

Invest in Copy Portfolios

Past performance is not an indication of future results.

eToro offers a portfolio management product called eToro CopyPortfolios. CopyPortfolios allows eToro clients to copy markets and traders based on a predetermined trading strategy.

eToro CopyPortfolios should not be considered a hedge or exchange-traded funds.

The eToro CopyPortfolio page is separated into the following sections: Top trader portfolios, Market portfolios and Partner portfolios.

eToro Trading benefits

• eToro Offers STP
• eToro Low min deposit
• eToro Offers Negative Balance Protection
• eToro offers low-cost stock purchases, and clients always buy the underlying stock at 1x leverage, which may not be the case with other brokers.

eToro Trading Accounts Offered

Below we give an overview of the account types that eToro offer. Whatever you are looking to trade, the varying eToro account types will be able to provide you with what you need.

• eToro Demo account
• eToro Standard account
• eToro STP account
• eToro Islamic account

Can I try eToro?

eToro provides a demo account that enables individuals to explore trading before investing their funds. By creating a eToro practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the eToro demo account can help individuals to make informed decisions before investing their money.

Open a demo eToro account to practice and trade.

76% 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 withdrawal and funding methods

It's essential to remember that the payment methods provided by eToro vary based on the eToro entity and the eToro client's country of residence. To view the eToro payment options available, you can log into your eToro member's area.

eToro offers various funding payment methods listed in your eToro dashboard if available in your region. To learn more about the eToro funding and withdrawal options available in your area, you can explore the eToro website.

eToro provides several payment methods for funding your eToro account. You may utilize any of these deposit options if they are available in your region. eToro ensures that users have multiple payment methods to choose from, making it more convenient for verified eToro account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the eToro user's location. learn more about eToro funding and withdrawal methods.

eToro Payment Methods

Some eToro payment methods are local and are available only to specific regions. eToro account holders should check which payment methods are provided in your region.

• eToro accepts Credit cards
• eToro accepts VISA
• eToro accepts MasterCard
• eToro accepts Maestro
• eToro accepts Debit Cards
• eToro accepts Bank Transfer
• eToro accepts PayPal
• eToro accepts Neteller
• eToro accepts Skrill
• eToro accepts WebMoney
• eToro accepts Giropay
• eToro accepts Electronic wallets (eWallets)

How can I start trading with eToro?

To open a trading account with eToro, individuals can sign up on the eToro website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for eToro account validation and making a deposit. Once completed, eToro users can download the trading platform of their choice.

It's important to note that eToro requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps eToro maintain a trustworthy financial environment for its 30,000,000 users. Detailed information on the eToro trading platforms is available on their website.

76% of retail investor accounts lose money when trading CFDs with this provider.

Performing trades with eToro

When using eToro, the minimum trade size is typically $10 units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. eToro have a max trade of 20% of equity. With STP execution on the eToro platform, traders can anticipate tighter spreads and greater transparency when it comes to trade pricing.

Like other brokers, eToro margin requirements can differ depending on the traded instrument.

eToro offers traders several risk management tools and features, such as Technical analysis, Fundamental analysis, Diversification of portfolio, Negative Balance Protection, Stop losses (with trailing stop loss orders), Position sizing techniques, Price alerts, Position sizing techniques, Limit orders, Hedging strategies, amonst others. You can learn more about eToro, and see all of the eToro account features on the official eToro website.

eToro Pending Close

When copying a trader on the eToro platform, you will, at some point, want to stop copying their trades.

How this works on the eToro platform is when you have someone you are copying, they will be listed in your eToro portfolio.

You can highlight a eToro portfolio item and select stop copying. Stop copying, then changes the status of that portfolio item to an eToro Pending Close.

When a stop copying action is initiated into the eToro system, the eToro platform will attempt to close all of the related positions. When you initiate a stop copying request, all related financial markets and exchanges may not yet be open. For example, if your portfolio has UK stocks but the stock markets in the United Kingdom are not yet open.

You can only sell your financial assets when the exchange it's traded on is open. Your related close orders will be executed when the related financial exchanges are opened.

This is something to be aware of, especially on the weekend when most markets are closed and open again on Monday morning. Time differences across geographical regions and differing bank and public holidays may affect when your trading positions are closed, and your eToro available balance is updated.

CFD Trading on eToro

We will show you an example of the basics of using eToro leverage.

CFD trading on eToro allows traders to speculate on the price movements of various financial instruments against the broker eToro, without actually owning real assets. With CFDs, eToro traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

eToro provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, eToro leverage profits and losses are magnified when trading. For instance, using CFDs, you use the eToro trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, eToro leverage magnifies both profits and losses in trading.

Trading CFD trades on the eToro platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced eToro traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider.

Limiting Your Risk When Trading with eToro Negative Balance Protection

Negative balance protection is important for traders using leverage on platforms like eToro. In an unfavourable market move, leverage can result in a loss that exceeds the trader's account balance, leaving them with a negative account balance. If a eToro trading position does not go in your favour, this is where negative balance protection comes in handy.

Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature. With negative balance protection, eToro trading losses are always limited to the current balance of funds in the trader's account.

Even if an eToro trader experiences a significant loss, they will never owe more money than what is available in their eToro account balance.

It's important for eToro traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks. By doing so, traders can trade with peace of mind, knowing that eToro losses are limited to the funds available in your eToro account when negative balance protection is in place.

Limit Risk When Trading with eToro Stop Loss, eToro Stop Limit Orders

Stop-loss orders are a popular risk management tool traders use on platforms such as eToro . By setting a specific price point for buying or selling a security, traders can limit their potential losses on a position.

Stop-loss orders are especially important for eToro traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses. However, the circumstances in which an eToro trader should use a stop-loss order can vary depending on the specific trade and market conditions.

Overall, stop-loss orders can provide eToro traders with an effective way to manage risk and protect their investments in volatile markets. Stop Loss and Take Profit are not guaranteed with eToro, you must actively monitor your live trading portfolio and financial exposure on eToro.

Education Resources at eToro

To trade effectively with eToro, it's important to have a good understanding of the eToro trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with eToro and externally.

eToro . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with eToro. Familiarizing yourself with the eToro trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using eToro. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with eToro involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like eToro, and risk management techniques can help you become a more confident and successful trader.

eToro Financial Guides and Tutorial Articles

Expand your trading knowledge with eToro's comprehensive educational resources. Whether you're a beginner or a seasoned trader, eToro offers a range of options to help you improve your skills and stay up-to-date with the latest market trends.

eToro Online Webinars

Join eToro's weekly online 90-minute webinars and exclusive trading podcasts featuring industry leaders and experienced traders. Additionally, eToro provides access to their Market Watch webinars, which dive into more technical aspects of trading.

eToro Podcasts

For those looking to delve deeper into financial topics, eToro's financial guides section offers detailed tutorials on various subjects. Prefer to learn on the go? eToro's weekly Digest and Invest podcast is available directly from your eToro dashboard. You'll hear from eToro contributors such as Sam North, Liam Vaughan, and Josh Gilbert.

eToro Video Tutorials

If you're new to the eToro platform, their video tutorials provide an excellent introduction to its features and functionality. However, it's essential to supplement your learning with additional educational resources to help you succeed in trading. Even when using eToro's copy trading feature, it's crucial to understand how other traders will use your money.

Take an analytical approach to trading with eToro. Explore the eToro platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with eToro, before live trading.

Customer Support at eToro

As part of our eToro review, we review customer service options, response times and problem resolution effectiveness on the eToro trading platform. The eToro trading platform supports multiple languages, which includes English, German, Spanish, French, Italian.

eToro Available Support Types

eToro has a triple AAA grade support and customer service rating because they offer various range of languages, live chat, and email support.

eToro customer service supports multiple languages from all over the world. Having a broker that can hire people from various locations worldwide who can better communicate with you in your local language is a huge advantage when dealing with issues.

Your customer service experience with eToro has to be positive for you to effectively trade the financial markets on the eToro platform. eToro should answer all of your questions and your eToro platform issues are solved. When an eToro customer has any queries regarding eToro, the eToro customer support team should take these issues seriously and offer a quick and effective solution. eToro has a great client support team, so we have rated their customer service highly.

Livechat Support at eToro

We experienced fast and responsive support from eToro

At eToro, customer support is a top priority. We put their live chat to the test, reaching out through both their app and website. We were pleasantly surprised to receive a response within three minutes. Don't take our word for it. Test the chat service yourself. A responsive chat service from eToro should be a positive support experience for all eToro users, saving you from waiting days for an email response.

We also tested communicating with eToro support in various languages and countries. The eToro help centre quickly resolved our customer issues.

Email Support at eToro

As part of our review process, we wanted to test the email support offered by eToro. We sent 25 emails at different times and were impressed with the response times. We received the fastest response in less than 2 minutes, and the slowest response was 3 hours. While your experience may vary, our testing shows eToro has excellent email support overall.

The support team quickly and efficiently resolved all of our queries. Overall, we were very satisfied with the email support provided by eToro. If you're looking for a broker with reliable email support, eToro is worth considering.

Phone Support at eToro

eToro does not offer Phone Support.

Although eToro does not offer phone support, they have a very effective ticketing and live chat system. The eToro live chat was quick and may be far more effective than a potential phone call.

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What you will need to open an account with eToro

As eToro is regulated by FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076.

As a new client of eToro, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with eToro in your region. During the eToro account opening process, you will be asked to provide eToro with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with eToro have the following documents available.

• eToro require a scanned colour copy of your passport, driver's license or national ID card.
• A recent utility bill or bank statement that confirms your residential address for eToro compliance. This must be dated within the last six months.
• If you plan to fund your eToro account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the eToro platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under eToro Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring eToro's platform.

However, remember that you won't be able to make trades on eToro until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the eToro KYC compliance process as soon as possible to avoid any delays in accessing the eToro platform's features.

It is important to note that eToro may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the eToro platform and features immediately. However, you must pass the verification process to start live trading with eToro, which can take up to a few business days.

To start the process of opening an account with eToro you can visit the eToro trading platform here.
76% 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.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://www.etoro.com on April 15, 2024.

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eToro review written by Andrew Blumer and Mark Hansen