eToro USA for 2020

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:

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.

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.

Top 15 USA Brokers of 2020 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

Broker forexmart DF Markets personalcapital betterment ellevest eoption nutmeg nadex wealthfront twine zackstrade
Rating
Regulation Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA) Unregulated Unregulated Unregulated Unregulated Unregulated Unregulated Unregulated Unregulated Unregulated
Min Deposit 1 1 100000 No minimum deposit 1 500 No minimum deposit 250 500 100 2500
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 10,000+ 10,000+ 10,000+ 10,000+ 10,000+ 10,000+ 10,000+ 10,000+ 10,000+ 10,000+ 10,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Low min deposit
  • Low min deposit
  • Low min deposit
  • Low min deposit
  • Low min deposit
Accounts
  • Demo account
  • Standard account
  • ECN account
  • Islamic account
  • Mini account
  • Standard account
  • Islamic account
  • Standard account
  • Islamic account
  • Islamic account
  • Micro account
  • Mini account
  • Standard account
  • MAM/PAMM account
  • Islamic account
  • Mini account
  • Standard account
  • Islamic account
  • Standard account
  • Islamic account
  • Islamic account
  • Micro account
  • Demo account
  • Mini account
  • Managed 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 MT4,WEB,desktop Web Trader, Tablet & Mobile apps Desktop,Android,Tablet,iPhone Mac,iPhone,iPad,WEB,Desktop  Windows, Android, Mac OS, iOS DealBook (Desktop, Mobile, iPhone, iPad, iPod touch, Web) WebTrader,Desktop,Mombil & Appps  Web,iPad,mac,Desktop,iPhoneiOS iPhone,Mac,iPad,Android,WEB iPhone,iPad,Android,Tablet Android,iPhone/iPad,Tablet
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
forexmart
Sign Up with
dfmarkets
Sign Up with
personalcapital
Sign Up with
betterment
Sign Up with
ellevest
Sign Up with
eoption
Sign Up with
nutmeg
Sign Up with
nadex
Sign Up with
wealthfront
Sign Up with
twine
Sign Up with
zackstrade
Risk Warning Your capital is at risk Losses can exceed deposits Your capital is at risk Your capital is at risk Your capital is at risk Your capital is at risk Your capital is at risk Your capital is at risk Your capital is at risk Your capital is at risk Your capital is at risk
Demo ForexMart
Demo
DFMarkets
Demo
Personal Capital
Demo
betterment
Demo
ellevest
Demo
eoption
Demo
nutmeg
Demo
nadex
Demo
Wealthfront
Demo
Twine
Demo
Zacks Trade
Demo
Excluded Countries

All USA brokers in more detail

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.

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

We have listed top USA brokers below.

eToro USA List

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)
DF Markets
(3/5)
Min deposit : 1
DFMarkets was established in 2010 and is used by over 10000+ traders. Losses can exceed deposits DFMarkets offers Forex

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)
personalcapital
(3/5)
Min deposit : 100000
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
(3/5)
Min deposit : 0
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
(3/5)
Min deposit : 1
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
(3/5)
Min deposit : 500
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

Funding methods

Bank transfer Credit Card Paypal

Platforms

DealBook (Desktop, Mobile, iPhone, iPad, iPod touch, Web)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
nutmeg
(3/5)
Min deposit : 0
nutmeg was established in 2008 and is used by over 10000+ traders. Your capital is at risk nutmeg offers Forex trading, CFD trading, Share Dealing

Funding methods

Bank transfer Credit Card Paypal

Platforms

WebTrader,Desktop,Mombil & Appps 

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
nadex
(3/5)
Min deposit : 250
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
(3/5)
Min deposit : 500
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
(3/5)
Min deposit : 100
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
zackstrade
(3/5)
Min deposit : 2500
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