eToro Review 2019

eToro Rated 4/5

eToro Guide

eToro are an online broker founded in 2006 offering CFDs trading, and Social Trading trading.

eToro are a global broker and have multiple offices around the world including a head office in Cyprus, UK.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of eToro we break down the pros and cons. What eToro are able to offer, what countries eToro are available in. Who eToro are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with eToro

  • Regulated by: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
  • Headquarters Country : Cyprus, UK
  • Foundation year 2006
  • Min Deposit : 200
  • Used by over 10,000 traders
  • eToro is not available in the following countries : US, IR, KP, BE, CA, JP, SY, TR, IL
Open eToro's Website

65% 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 are reputable enough to have a wikipedia page link. Wikipedia content is highly moderated for accuracy. It is very hard to get a Wikipedia page. Open eToro's Wikipedia page

At the bottom of this review you can also learn about some pretty good alternatives to eToro

With this review we hope to help you see if eToro is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding eToro that will help you get off to a good start in the world of online trading.

eToro Review Table of Contents

eToro what you should know

eToro offer two ways to trade: CFDs, Social Trading.

With eToro you will need a minimum deposit of $200. You can sign up for a demo account to acquaint yourself with eToro platform.

eToro are able to accommodate various levels of traders whether you are experienced or a beginner.


Are eToro safe?

When choosing a broker like eToro the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2006, and in operation for 13 years eToro have a head office in Cyprus, UK.

eToro is regulated. This means eToro are supervised by and is checked for conduct by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to eToro, this will be honored. If eToro violate any regulatory rules their regulated status could be stripped.

Any payments funded to eToro accounts by traders are held in a segregated bank account.

For added security eToro use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with eToro. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit eToro

65% 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.

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker eToro XTB Pepperstone FXPrimus
Year Established 2006 2002 2010 2009
Head Office Cyprus, UK Poland Australia Cyprus
Regulation Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)
Used By 10,000+ 250,000+ 10,000+ 10,000+
Negative balance protection No Yes Yes No
Guaranteed Stop Loss No Yes No No
Learn More Visit eToro Visit XTB Visit Pepperstone Visit FXPrimus
Risk Warning 65% 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. Your capital is at risk Your capital is at risk Losses can exceed deposits

eToro Pros and Cons

What we like about eToro

  • Used by over 10,000 traders
  • Established in 2006
  • Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
  • Min. deposit from $200

What we don't like about eToro

eToro Financial Regulation and Supervision in more detail

We have checked and eToro is regulated and supervised by reputable organisations. You are able to check every eToro supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with eToro. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect eToro traders and provide a safe trading environment.

eToro is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as eToro you should be sure they're legitimate online agent.

eToro Awards

eToro have won numerious industry awards over the 12 plus years they have been operating as a financial broker. We list the most notible awards and mentions for eToro below.

  • ADVFN International Financial Awards Best Social Trading Platform 2019 Winner
  • ADVFN International Financial Awards Best Platform for Trading Cryptocurrencies 2019 Winner
  • Money AM Online Finance Awards Best Active Trading Platform 2010 Winner
  • World Finance foreign exchange award for best mobile trading platform and best software provider 2011 Winner
  • The Share Awards Best Use of Social Media 2012 Winner
  • Star Awards Best Trading Platform 2013

eToro General Fees

  • eToro withdrawal fees varies on payment method
  • eToro does charge inactivity fees
  • eToro doesn't charge deposit fees
Broker eToro XTB Pepperstone FXPrimus
Min Deposit 200 0 200 100
Withdrawl Fees Yes varies No Varies
Inactivity Fees Yes No Yes No
Deposit Fees No No No Varies
CFD Commission Fees No Yes Yes No

eToro Commissions

  • eToro doesn't charge commission on CFD shares.

What can you trade with eToro?

You can trade a wide variety of instruments with eToro over 100 instruments infact.

If you are looking at trading currency pairs eToro offer over 50 currency pairs.

Compare eToro with XTB and Pepperstone below.

65% 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.

Broker eToro XTB Pepperstone FXPrimus
Instruments Available 100 1,500 100 100
Platforms Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies Visit eToro Visit XTB Visit Pepperstone Visit FXPrimus
Forex pairs offered 50 50 70 45
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes
Cryptocurrencies Yes Yes Yes No
Commodity CFDs Visit eToro Visit XTB Visit Pepperstone Visit FXPrimus
Commodities Offered 0 21 16 0
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes No No
Indiced & Stock CFDs Visit eToro Visit XTB Visit Pepperstone Visit FXPrimus
Stocks Offered 957 1696 60 60
UK Shares Yes Yes No Yes
US Shares Yes Yes No Yes
German Shares Yes Yes Yes No
Japanese Shares Yes Yes No No

Trading on eToro web platforms and other applications

eToro offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here.

eToro also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See eToro's platforms

eToro Trading benefits :

  • Offers STP
  • Low min deposit

eToro Trading Accounts Offered :

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account

Can I try eToro before I buy?

eToro offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding and withdrawl methods do eToro accept?

eToro offer the below funding payment methods. learn more about eToro

  • Credit cards
  • Bank Transfer
  • PayPal
  • Skrill
  • Payoneer
  • Neteller
  • UnionPay
Broker eToro XTB Pepperstone FXPrimus
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal Yes Yes Yes No
Skrill Yes Yes Yes No
Payoneer Yes Yes Yes Yes
Neteller Yes Yes Yes Yes

How can I start trading with eToro?

When opening a trading account with eToro, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on eToro trading platforms here.

Performing trades with eToro

eToro allow you to execute a minimum of trade of $25. This may vary depending on the account you open. eToro allow you to execute a maxium trade of 20% of equity. As eToro offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Education resources at eToro

To trade effectively with eToro, it's important to get a have a good understanding of the XTB trading tools and the markets.

eToro offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with eToro.

Take time to look around the eToro platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Support at eToro

eToro support a wide range of languages including English, German, Spanish, French, and Italian

eToro have a triple AAA grade support rating because they offer a wide range of languages, live chat and email support.

Broker eToro XTB Pepperstone FXPrimus
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
Languages English, German, Spanish, French, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian
Learn More Visit eToro Visit XTB Visit Pepperstone Visit FXPrimus
Risk Warning 65% 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. Your capital is at risk Your capital is at risk Losses can exceed deposits

What you will need to open an account with eToro

As eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore eToro's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with eToro you can visit their website here.

CFDs are leveraged products and can result in the loss of your 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 as investment advice. All information collected from https://www.etoro.com on 12th August 2018.

Watch this eToro Informational Video

eToro Bottom Line

  • eToro have a good track record of offering CFDs, Social Trading.
  • eToro has a history of over 12 years.
  • eToro has a reasonable sized client support call center of at least 10.
  • eToro are regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). This means eToro 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.
  • eToro have regulation from a Tier 1 reputable country.
  • eToro has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • eToro have an international presence in multiple countries. This includes local eToro seminars and training.
  • eToro are able to hire people from various locations in the world who can better communicate in your local language.

eToro Risk Disclaimer

65% 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 not quite right?

Check out these eToro Alternatives

We have spent years researching the best alternatives to eToro. Click the links below to learn more.

If you feel some of the above eToro are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of eToro alternatives below.

Related eToro Comparisons

If you would like to see how eToro stands up against other brokers you can read some of our eToro comparisons below. We compare side by side some of our top rated eToro versus comparisons. Read some indepth eToro VS pages below.

ETORO Frequently Asked Questions

Can I try eToro before I buy?

eToro offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do eToro accept?

eToro offer the following funding payment methods accept Credit cards, Bank Transfers, PayPal, Skrill, Payoneer, Neteller, Wire Transfer, among other payment methods.
Learn more here

65% 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.

How can I start trading with eToro?

When opening a trading account with eToro, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on eToro trading platforms here.

Is my money safe with eToro?

eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). One of the most important criteria for traders when choosing a broker like eToro is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to eToro, this will be honored. If they violate any regulatory rules their regulated status can be stripped.