eToro USA Guide
Updated April 16, 2021
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.
- Buy Bitcoin on eToro
- eToro Markets Explained
- Daytrading with eToro
- eToro CopyTrading Explained
- eToro Cryptocurrency Trading
- eToro Fees Explained
- eToro Hidden Fees Explained
- Taking Profit with eToro
- How to withdraw with eToro
- eToro MT4 Platform Explained
- eToro WebTrader Explained
- Trading Dividends with eToro
- Trading on eToro and paying UK Tax
- eToro Australia
- How to earn from referring friends to eToro
- eToro Review
- eToro Markets Explained
- Daytrading with eToro
- eToro CopyTrading Explained
- eToro Cryptocurrency Trading
- eToro Fees Explained
- eToro Hidden Fees Explained
- Taking Profit with eToro
- How to withdraw with eToro
- eToro MT4 Platform Explained
- eToro WebTrader Explained
- Trading Dividends with eToro
- Trading on eToro and paying UK Tax
- How to earn from referring friends to eToro
- eToro Legit
- eToro People
- eToro How to sell
- eToroX Explained
- eToro ETF
- eToro Leverage
- eToro Popular Investor
- eToro Oil
- eToro Minimum Deposit
- eToro USA
- eToro Stocks
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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
| Broker |
forexmart
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DF Markets
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personalcapital
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betterment
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ellevest
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eoption
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nutmeg
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nadex
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wealthfront
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twine
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zackstrade
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| 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 |
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| Used By | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ |
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| 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 |
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| 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 2021 article further below. You can see it now by clicking here
We have listed top USA brokers below.
eToro USA Table of Contents
- eToro USA Explained
- 6 Factors to Consider when Choosing eToro USA
- Are Your eToro USA Trusted And Established?
- Are The eToro USA World Leading?
- What are the eToro USA Commissions and Fees?
- What are the eToro USA Funding and Withdrawl Methods?
- Find eToro USA with Round-the-clock support?
- Make sure the eToro USA Offer Comprehensive Trader resources?
- Why do eToro USA need to be regulated?
- eToro USA FAQ
- What are the best USA brokers?
- What is the best USA broker?
- Related eToro USA Reviews
- Related eToro USA Alternatives
- Related eToro USA Comparisons
eToro USA Explained
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.
Another top rated broker is DFMarkets.
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.
| Broker |
forexmart
|
DF Markets
|
personalcapital
|
betterment
|
ellevest
|
eoption
|
| Year Established | 2015 | 2010 | 2008 | 2008 | 2008 | 2008 |
| Head Office | Cyprus | UK | USA | USA | USA | USA |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA) | Unregulated | Unregulated | Unregulated | Unregulated |
| Used By | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ |
| Negative balance protection | Yes | No | ||||
| Guaranteed Stop Loss | Yes but 10% | No | ||||
| Learn More | Visit ForexMart | Visit DFMarkets | Visit Personal Capital | Visit betterment | Visit ellevest | Visit eoption |
| 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 |
Are The eToro USA World Leading?
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.
| Broker |
forexmart
|
DF Markets
|
personalcapital
|
betterment
|
ellevest
|
eoption
|
| Instruments Available | 111 | 50 | 277 | 276 | 275 | 274 |
| 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) |
| Excluded Countries | ||||||
| Forex pairs offered | 100 | 80 | ||||
| Forex pairs offered | 100 | 80 | ||||
| Major forex pairs | Yes | Yes | No | No | No | Yes |
| Minor forex pairs | No | Yes | No | No | No | No |
| Exotic forex pairs | No | Yes | No | No | No | No |
| 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.
| Broker |
forexmart
|
DF Markets
|
personalcapital
|
betterment
|
ellevest
|
eoption
|
| Min Deposit | 1 | 1 | 100000 | 0 | 1 | 500 |
| Withdrawl Fees | 5 | No | varies | varies | varies | varies |
| Inactivity Fees | No | |||||
| Deposit Fees | Yes | Varies | ||||
| CFD Commission Fees | Yes | Yes |
What are the eToro USA Funding and Withdrawal Methods?
When dealing with eToro USA having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
forexmart
|
DF Markets
|
personalcapital
|
betterment
|
ellevest
|
eoption
|
| Bank transfer | Yes | Yes | No | No | No | No |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | No |
| Paypal | No | No | No | No | No | No |
| Skrill | Yes | No | No | Yes | Yes | Yes |
| Payoneer | No | No | No | No | No | |
| Neteller | Yes | No | Yes | Yes | Yes | No |
Find eToro USA with Round-the-clock support?
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
DFMarkets support a limited number including
ForexMart and DFMarkets offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
forexmart
|
DF Markets
|
personalcapital
|
betterment
|
ellevest
|
eoption
|
| Support |
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| Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | |
| Learn More | Visit ForexMart | Visit DFMarkets | Visit Personal Capital | Visit betterment | Visit ellevest | Visit eoption |
| 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 |
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.
eToro USA List
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4,WEB,desktopCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Desktop,Android,Tablet,iPhoneCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Mac,iPhone,iPad,WEB,DesktopCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Windows, Android, Mac OS, iOSCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
DealBook (Desktop, Mobile, iPhone, iPad, iPod touch, Web)Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
WebTrader,Desktop,Mombil & ApppsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web,iPad,mac,Desktop,iPhoneiOSCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
iPhone,Mac,iPad,Android,WEBCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
iPhone,iPad,Android,TabletCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account