We found 11 online brokers that are appropriate for Trading USA.
eToro USA Guide
eToro USA
Many traders are not sure whether American investors are allowed to open a trading account on the eToro platform. eToro does allow USA traders to trade on the eToro trading platform.
Before we proceed, it is important to know some facts about eToro. It is about a decade-old trading platform.
Over the years it has grown several folds in popularity because of a robust array of tools being offered to clients.
The trading platform offers a highly user-friendly interface to help investors do trading with ease and comfort. Interestingly, eToro offers social trading platform too.
eToro USA is no Scam
Some USA traders frequently question whether eToro is a scam.
They are rational in their debate as the trading platform looks a little different but their doubts are irrational as eToro USA is certainly not a scam.
eToro is a licensed brokerage firm and its registration is with the Cypriot Investment Firm (CIF).
In Europe the eToro is registered by the Cyprus Securities and Exchange Commission. Similarly, in the United Kingdom, the trading platform is registered by the Financial Conduct Authority.
Furthermore, the platform is regulated and monitored by CySEC and FCA, and so it is legitimate.
Lately eToro has been licensed in the USA and in the below-mentioned states:
Washington
Ohio
Iowa
Mississippi
Georgia
Alaska
Arkansas
New Mexico
North Dakota
South Dakota
Vermont
Officially eToro USA rolled out in July 2018 and in its first phase, the above-mentioned states are covered. In the near future, more states will be licensing the platform.
eToro USA is a Straight-Through-Processing platform.
This allows traders to leverage its license so that the investments can be accessed directly, but against a fee for its service.
The platform has a No Dealing Desk model too and hence traders can enjoy the same price as they would in the market.
For instance suppose a trader places a position during a market hour, the trade is processed and eToro keeps the price unchanged at their end.
The price is directly reciprocal to market changes.
eToro USA Features
eToro USA is a customized platform. Traders enjoy the facility of trading on a short-term and also long-term investments.
Below are some of the more important features of eToro:
Social Trading
Traders can copy the trading activity of other investors on the platform by using the featured named CopyTrader. However, this feature is yet to be made available in the USA.
Simple
The interface of eToro trading platform is simple and user-friendly.
Fully Managed Options
eToro is perfect for day traders as well as for those who seek a managed portfolio.
Mobile App
eToro has a well-programmed mobile app to facilitate such traders who are unable to stay at home or office throughout the trading hours.
The app helps to manage investments even whilst on the go.
How to open eToro USA Account
The first thing to do is to sign up on the eToro USA website for opening an account and thereafter verifying it by using documents such as proof of address, ID card and phone number. Once completed, one can start trading.
Depositing funds to the newly opened account is done by domestic wire transfer or by electronic transfer through an online bank account.
The initial fund required through online banking transfer is $50. With wire transfer, it is $500. eToro allows maximum single-day transfers of $10,000.
eToro USA Withdrawals
The minimum withdrawal is $50 to the bank account after the account is verified.
If the account has invested funds in open positions, the trader can close these and withdraw the total money made.
The withdrawals usually take 3 to 7 business days to be reflected in a bank account.
Customer Support
eToro USA has a good customer support through an online forum.
Traders can simply submit a ticket with respect to an issue and the team will start to work on it. Customers can also make a phone call to their nominated Helpline number.
eToro USA Partner Program
Affiliate Program
This is a one-to-one partnership. Anyone can earn by referring traders to the eToro USA trading platform.
Broker Program
One can join the broker program of the platform and enjoy premium customer service. The payouts are also better under such arrangement.
Popular Investors
Popularity helps in earning. If others copy investments of a trader, a 2% management fee is rewarded.
eToro USA Verdict
eToro USA is not a scam as some of the traders claim.
The platform is well registered and highly regulated. It is perfectly licensed in some of the states in the USA. More states would be covered in the near future.
The platform was rolled out in the USA in July 2018, after about a decade of its founding.
Over the years eToro has gained popularity extensively and many traders in the USA have started making money through it.
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 USA 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 USA brokers below. You can go straight to the broker list here.
Reputable eToro USA Checklist
There are a number of important factors to consider when picking an online USA trading brokerage.
Check your USA broker has a history of at least 2 years.
Check your USA broker has a reasonable sized customer support of at least 15.
Does the USA broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
Check your USA broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
Does your USA broker have an international presence in multiple countries. This includes local seminar presentations and training.
Make sure your USA can hire people from various locations in the world who can better communicate in your local language.
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 USA Brokers.
We compare these features to make it easier for you to make a more informed choice.
Minimum deposit to open an account.
Available funding methods for the below USA Brokers.
What you are able to trade with each brokerage.
Trading Platforms offered by these brokers.
Spread type (if applicable) for each brokerage.
Customer support levels offered.
We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 USA Brokers of 2021 compared
Here are the top USA Brokers.
Compare USA Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are USA brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more USA brokers that accept USA clients
You can compare USA Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options,
regulation and account types side by side.
Trading the financial markets with eToro USA when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for eToro USA
is the platform that a eToro USA offer.
Choose eToro USA that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need eToro USA that you can rely on.
6 Factors to Consider when Choosing eToro USA
Follow these five rules for selecting a broker that's right for you:
Are Your eToro USA Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets.
The top rated eToro USA broker is
ForexMart.
Established in 2015, and in operation for 4 years
ForexMart
have a head office in Cyprus.
ForexMart
is regulated. This means ForexMart are supervised by and is checked for conduct by
Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
DFMarkets
was established 2010, and in operation for 10 years
DFMarkets
have a head office in UK.
DFMarkets
is regulated. This means DFMarkets are supervised by and is checked for conduct by
Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Choose a broker that's at the forefront of innovation and generally considered an industry-leader.
ForexMart and offers over 111 instruments.
ForexMart offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, ForexMart supports many popular third-party trading platforms enabling access to a
variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy.
ForexMart is a world-leader when it comes to innovation and they are always looking at ways to improve
and to maintain their competitive advantage.
Another good choice when looking for eToro USA is
DFMarkets .
DFMarkets Segregates clients funds and offers over 50 instruments.
Cryptocurrencies (availability subject to regulation)
Yes
Yes
No
No
No
No
Commodities Offered
0
12
0
0
0
0
Metals
Yes
Yes
No
No
No
No
Energies
Yes
No
No
No
No
No
Agricultural
Yes
No
No
No
No
No
Stocks Offered
53
756
UK Shares
Yes
Yes
No
No
No
Yes
US Shares
No
Yes
No
No
No
No
German Shares
No
Yes
No
No
No
No
Japanese Shares
No
Yes
No
No
No
No
What are the eToro USA Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated eToro USA broker ForexMart
offers competitive offers for Forex trading, CFD trading, Social trading, Share Dealing, Crypocurrency trading. ForexMart minimum deposit is 1.
Another top rated eToro USA broker DFMarkets offers
Forex. DFMarkets minimum deposit is 1.
Please note that any cryptocurrency availability with any broker is subject to regulation.
Customer service is very important when dealing with eToro USA.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services.
It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
eToro USA customer support can include Phone answering services, Live chat support and Email customer service support.
ForexMart support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian
Make sure the eToro USA Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools.
With a wealth of knowledge from top analysts, ForexMart and
DFMarkets work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important,
along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation.
As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as
selecting the best broker to access the markets.
Why do eToro USA need to be regulated?
A regulated eToro USA broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
eToro USA brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated.
This amounts to fraud if client money is used to conduct the business.
Regulation is required to make sure this does not happen.
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)
Personal Capital was established in 2008 and is used
by over 10000+ traders. Your capital is at risk Personal Capital offers Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.
Funding methods
Bank transfer
Credit Card
Paypal
Platforms
Desktop,Android,Tablet,iPhone
Customer support
Live chat Phone support Email support
Account Types
Micro account
Standard account
Islamic account
VIP account
betterment was established in 2008 and is used
by over 10000+ traders. Your capital is at risk betterment offers Forex trading, CFD trading, Share Dealing.
Funding methods
Bank transfer
Credit Card
Paypal
Platforms
Mac,iPhone,iPad,WEB,Desktop
Customer support
Live chat Phone support Email support
Account Types
Micro account
Standard account
Islamic account
VIP account
ellevest was established in 2008 and is used
by over 10000+ traders. Your capital is at risk ellevest offers Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.
Funding methods
Bank transfer
Credit Card
Paypal
Platforms
Windows, Android, Mac OS, iOS
Customer support
Live chat Phone support Email support
Account Types
Micro account
Standard account
Islamic account
VIP account
eoption was established in 2008 and is used
by over 10000+ traders. Your capital is at risk eoption offers Forex trading, CFD trading, Social trading, Share Dealing.
nadex was established in 2008 and is used
by over 10000+ traders. Your capital is at risk nadex offers Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.
Funding methods
Bank transfer
Credit Card
Paypal
Platforms
Web,iPad,mac,Desktop,iPhoneiOS
Customer support
Live chat Phone support Email support
Account Types
Micro account
Standard account
Islamic account
VIP account
Wealthfront was established in 2008 and is used
by over 10000+ traders. Your capital is at risk Wealthfront offers Forex trading, CFD trading, Social trading, .
Funding methods
Bank transfer
Credit Card
Paypal
Platforms
iPhone,Mac,iPad,Android,WEB
Customer support
Live chat Phone support Email support
Account Types
Micro account
Standard account
Islamic account
VIP account
Twine was established in 2008 and is used
by over 10000+ traders. Your capital is at risk Twine offers Forex trading, CFD trading, Spread Betting, Share Dealing.
Funding methods
Bank transfer
Credit Card
Paypal
Platforms
iPhone,iPad,Android,Tablet
Customer support
Live chat Phone support Email support
Account Types
Micro account
Standard account
Islamic account
VIP account
Zacks Trade was established in 2008 and is used
by over 10000+ traders. Your capital is at risk Zacks Trade offers Forex trading, CFD trading, Social trading, Share Dealing.
Funding methods
Bank transfer
Credit Card
Paypal
Platforms
Android,iPhone/iPad,Tablet
Customer support
Live chat Phone support Email support
Account Types
Micro account
Standard account
Islamic account
VIP account
The best USA broker is ForexMart. We consider
ForexMart one of the best USA brokers because ForexMart is actively
used by over 10000 active traders.
ForexMart ia regulated by tier 1 financial regulators including Cyprus Securities and Exchange Commission (CySEC). ForexMart were founded in 2015 and have a headquarters in Cyprus. You can open a live trading account with ForexMart with as little as a 1 min deposit.
Related eToro USA Reviews
Read our reviews on our eToro USA listed above. You can read our indepth eToro USA reviews below.
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See our highly rated list of eToro USA alternatives below.