eToro Legit for 2020

We found 11 online brokers that are appropriate for Trading Legitimate Brokers.

eToro Legit Guide

eToro Legit

eToro is known to be one of the largest online brokers and it allows clients to trade multiple assets on its platform.

eToro allows trading currency pairs, indices, commodities, CFDs, and stocks on financial markets.

The eToro platform was founded in 2007 when only a few competitors were able to offer any worthy competition.

As a result, eToro has rapidly grown in popularity, and the number of its customers reaches more than 4 million today.

At the moment, the broker enjoys an excellent reputation, above all, for its excellent innovations, of which it has become the leader.

We remind you that eToro is the leading broker when it comes to social trading and that its platform has all the regulations it needs to operate legally.

Why Choose eToro?

Offers different options of the broker

EToro’s platform allows its customers to trade a large number of assets over the internet.

For example, they can trade commodities, like gold, oil, coffee, etc ... But they can also work in stocks, and cryptos, like Bitcoin, to name just one.

The advantage this can give you is that you will be able to diversify your investments without too much difficulty. You can clearly see the difference with other less successful brokers.

In addition, eToro, one can expect the number of active people to continue to increase, over time.

If one day, a new item emerges, you can be certain that an eToro broker will be among the very first to include it on their list.

Finally, it is also important to mention that eToro listens to its customers, and often complies with their most popular requests. Of course, it goes without saying that it pays special attention to the confidentiality of his clients' information, and that of their funds.

Collaborative

Anyone who is familiar with the platform will tell you that eToro has demonstrated exceptional adaptability over the years since its launch in 2009.

What sets it apart the most, compared to its competitors, is its unparalleled intuitiveness of its interface as the platform is ideal for both beginners and veterans of trading.

It allows them to benefit from a pleasant and informative experience thanks to its trading guides which are highly educational.

From its first appearance on the market, eToro has been able to attract a large number of customers for its multiple qualities.

Among the latter, we can cite the fact that it was among the few that were accessible at any time and any place as long as you have an internet connection.

Thanks to such advantages, eToro quickly built an excellent reputation, which continues to this day.

That said, the broker did not start out by showing all of the benefits that we know off right now, but it has done so gradually. Here is the basics of what to remember about the history of the platform:

In 2009, the platform entered the stock market At that time, it was still called WebTrader.

In 2011, the operator OpenBook came into play. It then was made easier for customers to get in touch with each other.

In 2012, the platform began to integrate several interesting assets, such as stocks, for example.

In 2013, the mobile version saw the light of day. From its launch, the latter was compatible with both OS: Android and IOS. The app is hitting a vast number of downloads, and it shows just how successful it has been.

In 2015, the platform bought OpenBook and integrated its features for greater awareness.

eToro marketing and transparency

As you take a tour of the eToro platform, you will find that it does not promote dangerous trading tools, like CFDs, for example.

Even though it allows the trading of these contracts, the broker is well aware of the risks involved.

For this reason, the broker lets traders experience these features for themselves, and most importantly, when they are ready to use them.

In addition, the structure of the interface offered by eToro is designed so that only the most qualified can access this type of trading, fairly quickly.

On the other hand, the broker also offers an interesting alternative for the less experienced, which boils down to social trading.

For those who do not yet know what it is, this is a method implemented by the broker on their platform, and which allows some traders to copy the trades of others, they choose. Thanks to this model, everyone can win.

The novice trader will not have to rely on his own limited means, and the more experienced trader will benefit from a small percentage of the copier's profits.

Note also that eToro never lets poor traders be reproduced. To prevent them from attracting clients, and causing them to lose money, the platform features a rating system that is based on the success rates of trades made by traders.

This is the way, the best merchants will receive the best scores and vice versa.

If you are interested in this type of trading, remember that you should choose brokers with only the highest ratings.

As you can see, eToro is constantly innovating in an extremely capricious environment.

This human relationship where mutual benefit is proof that eToro favors collectivism over individualism, hence the genius of this idea.

eToro takes care of its customers

In the same spirit, we can say that a broker understands it is thanks to their clients that they still exist today. So, they do everything in their power to motivate and keep them on their platform, and it do this extremely well.

In fact, the broker has taken the trouble to install a system that is there to reward the best traders. This way, they will be more motivation and, more activity and the general idea is to ensure they stay active on your platform.

In addition, it motivates those who have acquired enough knowledge to share in order to receive rewards.

For example, we can cite what is known as the 'popular investors' and who plays an important role in maintaining the interests of the novice traders who follow them. For each investor who is a follower, the traders will receive some form of a remuneration.

What about eToro customer service?

We have started by mentioning the famous trading guides that eToro makes available to its clients, to ensure they have competent traders who will work for the long term.

This is an expensive method, but it pays more than just an immediate benefit.

In addition, the way of doing things is much more human, since it defends the interests of the platform, but also those of the customers.

When it comes to customer service eToro provides, it is no less impressive than the guides.

It is possible to contact the platform using a variety of eight languages and you will receive responses in the same language of the messages sent.

In addition, whatever the language, you will be dealing with highly qualified staff, who have a good command of the different facets of online trading.

You can consult this service at any time, and the latest responses do not exceed 24 hours.

We all know that today eToro is among the most impressive leaders in its field. Of course, being among the best doesn't come without reason, and the platform has gone above and beyond to provide the best possible quality of service.

Consequently, we can find a number of features that distinguish it from the rest of its competitors which remain rather generic despite a long career, such as Admiral Markets, for example.

The bottom line: Is eToro A Scam?

Our experience of using an eToro

As we referred to above, eToro is one of the few companies that has ensured the security of its clients' accounts.

Additionally, we have learned to trade with this broker, and are used to its interface, and we must admit that we loved it. Also, after studying the platform, we found it to be perfect.

The benefits provided to investors in the long term are not insignificant, and it is almost impossible to find the best in the market.

As we have not failed to take advantage of the demo account that the broker offered for free, we had the opportunity to simulate the exchanges, under conditions very close to real ones, so we were able to train without putting my capital at risk.

There is no better strategy.

Today there are thousands of them, and each performs better than others under certain conditions. In my opinion, the best idea is to adapt your strategy to the market situation.

More eToro Guides and Research

If you are researching eToro make sure to read through the below eToro related guides. You will find something useful.

We've collected thousands of datapoints and written a guide to help you find the best eToro Legit for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best Legitimate Brokers below. You can go straight to the broker list here.

Reputable eToro Legit Checklist

There are a number of important factors to consider when picking an online Legitimate Brokers trading brokerage.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Legitimate Brokers.

We compare these features to make it easier for you to make a more informed choice.

Top 15 Legitimate Brokers of 2020 compared

Here are the top Legitimate Brokers.

Compare Legitimate Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are Legitimate Brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more Legitimate Brokers that accept Legitimate Brokers clients

Broker eToro IC Markets Pepperstone FXPrimus Axitrader Swissquote AvaTrade forexmart phoenixmarkets ezinvest ETX Capital
Rating
Regulation Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA) Financial Conduct Authority (FCA) Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA)
Min Deposit 200 200 200 100 No minimum deposit 1000 250 1 500 500 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 12,000,000+ 60,000+ 10,000+ 10,000+ 10,000+ 300,000+ 200,000+ 10,000+ 10,000+ 10,000+ 10,000+
Benefits
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Offers STP
  • Allows scalping
  • Offers STP
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
Accounts
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
Platforms Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile apps MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps MT4,WEB,desktop MT4,mac,Android.iPhone/iPad MT4,mac,Android.iPhone/iPad MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
etoro
Sign Up with
icmarkets
Sign Up with
pepperstone
Sign Up with
fxprimus
Sign Up with
axitrader
Sign Up with
swissquote
Sign Up with
avatrade
Sign Up with
forexmart
Sign Up with
phoenixmarkets
Sign Up with
ezinvest
Sign Up with
etxcapital
Risk Warning 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 Losses can exceed deposits Losses can exceed deposits Losses can exceed deposits 79% of retail investor accounts lose money when trading CFDs with this provider Your capital is at risk Your capital is at risk Your capital is at risk Losses can exceed deposits
Demo eToro
Demo
IC Markets
Demo
Pepperstone
Demo
FXPrimus
Demo
Axitrader
Demo
Swissquote
Demo
AvaTrade
Demo
ForexMart
Demo
Phoenix Markets
Demo
EZINVEST
Demo
ETX Capital
Demo
Excluded Countries IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA BR, KR, IR, IQ, SY, JP, US AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. US, JP US BE, BR, KP, NZ, TR, US, CA, SG BE, CA, IR, JP, KP, US, BA, ET, IQ, UG, VU, YE, AF, LA, TR, SY, IL BE, CA, IR, JP, KP, US, BA, ET, IQ, UG, VU, YE, AF, LA, TR, SY, IL US, BE, CA , SG, BE

All Legitimate Brokers in more detail

You can compare Legitimate Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Legitimate Brokers for 2020 article further below. You can see it now by clicking here

We have listed top Legitimate Brokers below.

eToro Legit List

eToro
(4/5)
Min deposit : 200
eToro was established in 2006 and is used by over 12000000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index Based Funds, Exchange Traded Funds (ETF)

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)
IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 60000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 10000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 Pepperstone offers Forex, CFDs, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
FXPrimus
(4/5)
Min deposit : 100
FXPrimus was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits FXPrimus offers Forex, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)
Axitrader
(3/5)
Min deposit : 0
Axitrader was established in 2007 and is used by over 10000+ traders. Losses can exceed deposits Axitrader offers Forex, CFDs, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA)
Swissquote
(3/5)
Min deposit : 1000
Swissquote was established in 1999 and is used by over 300000+ traders. Losses can exceed deposits Swissquote offers Forex, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
AvaTrade
(3/5)
Min deposit : 250
AvaTrade was established in 2006 and is used by over 200000+ traders. 79% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, CFDs, Spread Betting, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI)
forexmart
(3/5)
Min deposit : 1
ForexMart was established in 2015 and is used by over 10000+ traders. Your capital is at risk ForexMart offers Forex trading, CFD trading, Social trading, Share Dealing, Crypocurrency trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4,WEB,desktop

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
phoenixmarkets
(3/5)
Min deposit : 500
Phoenix Markets was established in 2013 and is used by over 10000+ traders. Your capital is at risk Phoenix Markets offers Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4,mac,Android.iPhone/iPad

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
ezinvest
(3/5)
Min deposit : 500
EZINVEST was established in 2008 and is used by over 10000+ traders. Your capital is at risk EZINVEST offers Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4,mac,Android.iPhone/iPad

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
ETX Capital
(3/5)
Min deposit : 100
ETX Capital was established in 2002 and is used by over 10000+ traders. Losses can exceed deposits ETX Capital offers Forex, CFDs, Spread Betting

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)