eToro Review 2020

eToro Rated 4/5

75% of retail CFD accounts lose money

eToro Review Screenshot

eToro Guide - Read our In Depth eToro Review

This eToro review was written by industry experts with over 20 years of financial experience in Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency.
The content in this eToro review does not apply to US users.

eToro are an online broker founded in 2006 offering Stocks trading, Commodities trading, Forex trading, CFDs trading, Social Trading trading, Indices trading, and Cryptocurrency trading.

eToro are a global broker and have 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 breakdown 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

Open eToro's Website

75% of retail investor accounts lose money when trading CFDs with this provider.

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 eToro 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 review
What you should know

eToro offer ways to trade: Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency.

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.


eToro review
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 14 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

75% of retail investor accounts lose money when trading CFDs with this provider.

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

How eToro as a Company Compare Against Other Brokers

Broker eToro IC Markets XTB City Index
Year Established 2006 2007 2002 1983
Head Office Cyprus, UK Australia Poland UK
Regulation Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), 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), Monetary Authority of Singapore (MAS)
Used By 12,000,000+ 60,000+ 200,000+ 14,000+
Negative balance protection Yes Yes Yes Yes
Guaranteed Stop Loss No No No Yes
Learn More Visit eToro Visit IC Markets Visit XTB Visit City Index
Risk Warning 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 79% 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. 74% of retail investor accounts lose money when trading CFDs with this provider

eToro review
eToro Pros and Cons

What we like about eToro

  • Used by over 12,000,000 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 review
eToro Regulation and Licensing 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 review
eToro Awards

eToro have won numerious industry awards over the 14 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 review
eToro Fees Explained

  • eToro withdrawal requests are subject to a $5 fee. Also withdrawals sent in non USD currencies will also have conversion fees.
  • eToro does charge a fee for inactive accounts.
  • eToro doesn't charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How eToro Fees Compare Against Other Brokers

Broker eToro IC Markets XTB City Index
Min Deposit 200 200 0 25
Withdrawal Fees Yes No varies Varies
Inactivity Fees Yes No No Yes
Deposit Fees No Varies No Varies
CFD Commission Fees No Yes Yes 0.0015

eToro review
eToro Minimum Deposit

eToro require a minimum desposit of 200 GBP/USD when opening an eToro trading account.

A minimum deposit is the minimum amount of money required by eToro to open a new online brokerage account with them.

Dont be scared off by brokers like eToro charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

eToro review
eToro Withdrawal Fees

eToro withdrawal requests are subject to a $5 fee. Also withdrawals sent in non USD currencies will also have conversion fees.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

eToro for example allow you to withdraw your funds to to a verified PayPal account, a Skrill account, a Neteller account, a UnionPay account, and a bank account via a wire transfer.

eToro Review Withdrawal of Funds

eToro review
eToro Inactivity Fees

eToro does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

eToro review
eToro Desposit Fees

eToro does not charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

eToro review
eToro Commission Fees

eToro does not charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

eToro review
What can you trade with eToro?

Be aware that Different entities under eToro Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

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 IC Markets and XTB below.

75% of retail investor accounts lose money when trading CFDs with this provider.

How eToro Trading Options Compare Against Other Brokers

Broker eToro IC Markets XTB City Index
Instruments Available 100 232 1,500 12,500
Platforms Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 50 65 50 100
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 Yes
Commodity CFDs        
Commodities Offered 0 19 21 26
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 957 100 1696 4500
UK Shares Yes No Yes Yes
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes Yes
Risk Warning Visit eToro
75% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
79% 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.
Visit City Index
74% of retail investor accounts lose money when trading CFDs with this provider

eToro review
Trading on eToro web platforms and other applications

eToro offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so 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 review
eToro Trading Dashboard Home

eToro Review trading dashboard home

eToro Dashboard Main Screen

The eToro trading dashboard is the first thing you will see after you have logged in to your secure eToro trading account.

The main screen displays a live price summary of securities and other financial assets. These are live market prices that are constantly being updated in real time.

You can have a look at how the most popular stocks, commodities, Indices, Forex currencies, crypto currencies and other financial assets are performing on the live markets.

The interface is clean with a simple navigation panel to the left.

eToro Dashboard Navigation

The main navigation for the eToro trading platform is always within easy access. Whether you are viewing on a desktop computer or mobile device you will always only be 2-3 clicks away from whatever you need.

Good UI design and a trading platform that responds to your actions quickly is crucial for active traders. The financial markets can be extremely volatile, responding to market news and trends can make or break a traders trade.

The eToro navigation is well designed and responds quickly the platform feels very sturdy.

The eToro trading platform has the following navigation options on the left panel.

  • eToro Watchlist
  • eToro Portfolio tracker
  • Market News Feed
  • Trade Markets with eToro
  • Copy People - Copy other traders on eToro
  • Invest in CopyPortfolios with eToro
  • eToro Club Dashboard
  • Invite Friends to eToro
  • eToro Help Portal
  • eToro Guides
  • Withdraw Funds from eToro
  • eToro Demo and eToro Live markets toggle
  • Search markets and people on eToro

eToro review
eToro Charting

eToro Review Charting ProCharts

eToro ProCharts

eToro offers a few pretty good charting options. In the image above you will see eToro ProCharts displaying a candle chart for Apple Computer Inc.

eToro allows to configure these charts so you change how they are displayed. You can change the charts data feed period from 1 minute to 1 week. The chart updates instantly.

eToro Charting Types

eToro offer the following chart types :

  • Candle
  • Hollow Candle
  • Bar
  • Line
  • Mountain

eToro Charting Tools

eToro offer the following charting tool options :

  • Measure
  • Channel
  • Annotation
  • Fibonacci
  • Horizontal
  • Vertical
  • Line
  • Ray
  • Segment
  • Rectangle
  • Eclipse
  • Doodle
  • Pitchfork

Available eToro Charting Studies

eToro offers the following charting tool studies :

  • Accumulation / Distribution
  • Accumulative Swing Index
  • ADX / DMS
  • Alligator
  • Aroon
  • Arron Oscillator
  • Average True Range
  • Awesome Oscillator
  • Bollinger Bands
  • Center of Gravity
  • Chaikin Volatility
  • Chande Forecast Oscillator
  • Chande Momentum Oscillator
  • Commodity Channel Index
  • Coppock Curve
  • Detrended Price Oscillator
  • Donchian Channel
  • Ehler Fisher
  • Elder Ray Index
  • Fractal Choas Bands
  • Fractal Choas Oscillator
  • High Low Bands
  • High Minus Low
  • Highest High Value
  • Historical Volatility
  • Ichimoku Clouds
  • Intraday Momentum Index
  • Keltner Channel
  • Linear Reg Forecast
  • Linear Reg Intercept
  • Linear Reg R2
  • Linear Reg Slope
  • Lowest Low Value
  • MACD
  • Mass Index
  • Median Price
  • Momentum Indicator
  • Money Flow Index
  • Moving Average
  • Moving Average Deviation
  • Moving Average Envelope
  • Parabolic SAR
  • Pivot Points
  • Pretty Good Oscillator
  • Price Oscillator
  • Price Rate of Change
  • Prime Number Bands
  • Prime Number Oscillator
  • QStick
  • Random Walk Index
  • Ravi
  • RSI
  • Schaff Trend Cycle
  • Standard Deviation
  • Stochastic Momentum Index
  • Stochastics
  • Swing Index
  • Time Series Forecast
  • TRIX
  • True Range
  • Typical Price
  • Ultimate Oscillator
  • Vertical Horizontal Filter
  • Weighted Close
  • Williams %R

eToro Chart Stats and Indepth Details

eToro Review Charting Statistics

eToro allows you to view detailed statistics on financial securities and other assets.

In the image above you will see that you can change the date range of the AAPL chart, view the previous close, days range, 52 week range, average volume, 1 year return, market cap, profit / earnings ratio, revenue, EPS and dividend yield. All easily accessible within the eToro platform.

eToro Financial Summary

As you scroll down the eToro statistics page you can see a financial summary of your selected security.

This includes some very useful information like income statements, balance sheets and cash flow statements.

eToro review
eToro News Feeds

eToro Review News Feeds

eToro have a news feed built into the platform where you can read the market news from other traders on the eToro platform.

These news feeds are very active allowing you get a sense of the markets. Although some of this information may be useful you should do your own independent research and verify every piece of information you act on.

eToro review
eToro CopyTrader

eToro Review CopyTrader

eToro have an innovative feature called eToro CopyTrader.

eToros CopyTrader allows registered users to copy trades of other succesful traders on the eToro platform.

For convenience eToro layout the Copytrader page by Editors choice, Most Copied, Trending, Top Investors, Lower Risk Score, Medium Risk Score.

You can also search the eToro platform for specific successful traders in the niche that you are looking to trade in and view their news feed, see their trading statistics and performance.

eToro Copy People Search Filters

You can filter your search for traders to copy by specific country.

You can filter the type of market you want your traders to trade in for example: Currencies, Crypto, Commodities, Indices, Stocks and ETFs

Another great feature is that you can filter traders to copy by the average percentage their trading as gained. You can type in a number for example show only traders who have gained 10% over the last 12 months. You have a duration filter that accompanies the percentage gain filter, this means you could return traders that have gained 10% over the last 1 month to 2 years.

A very exciting feature. But of course you have to take these tools with a pinch of salt. Do your own research before committing to any trading activity.

eToro Copy People Trader Statistics in Detail

eToro Review Trader Stats

As you can see from the screen capture above you can see a specific traders trading performance historically by month and year. Understand that when you view any of these stats, past trading performance is not a indication or guarantee of future trading performance. eToro updates this statistics data every day.

eToro Trader Risk Score

eToro display a risk score for each trader. This trader risk score is an average calculated over the last 7 days. You can see how a traders risk score has changed over previous months and years. You have an average percentage of that traders max drawdown over the last day, week and year.

The trader statistics detail page shows how many other registered eToro users are copying this trader. You can see from the screen capture that 19,892 traders are copying the trader above.

eToro Trader Trading Type Breakdown

As you scroll down the trader statistics page you will be able to see a breakdown of the types of financial assets and securities they are trading.

You can see the total number of trades completed over the last year. The trade data is displayed in percentage, segregated into how what percentage of these trades were stocks, indices, crypto, ETFs, commodities and currencies.

eToro Trader Average Trading Stats

Some of the most important values here are the average percentage of trades that were profitable and the average of traders that had a loss. On the far right there is a percentage of profitable trades.

You will be able to see which securities are most frequently traded by your selected trader and how profitable they were when trading those financial assets.

You can see on average how many trades they complete each week, their average holding time, how many weeks on average their trades have been profitable and the date the trader completed their first trade on the eToro platform.

eToro review
eToro Invest in Copy Portfolios

eToro Review CopyPortfolios

eToro offer a portfolio management product called eToro CopyPortfolios. CopyPortfolios allows eToro clients to copy markets and traders based on a predetermined trading strategy.

eToro CopyPortfolios should not be considered as hedge funds or exchange traded funds.

The eToro CopyPortfolio page is separated into the following sections : Top trader portfolios, Market portfolios and Partner portfolios.

eToro Trading benefits :

  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • eToro are one of the cheapest places to buy stocks. When clients by a stock at 1x leverage they are buying the underlying stock. This is not always the cause with some brokers.

eToro Trading Accounts Offered :

  • Demo account
  • Standard account
  • STP 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

75% of retail investor accounts lose money when trading CFDs with this provider.

eToro withdrawal and funding methods.

Please note that the list of payment methods below depend on the eToro Entity and the Clients Country of Residence.

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

  • Credit cards
  • Bank Transfer
  • PayPal
  • Skrill
  • Neteller
  • UnionPay
Broker eToro IC Markets XTB City Index
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal Yes Yes Yes Yes
Skrill Yes Yes Yes No
Payoneer No No Yes Yes
Neteller Yes Yes Yes No

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.

75% of retail investor accounts lose money when trading CFDs with this provider.

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 instruments.

eToro also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders, negative balance protection, price alerts, and much more. You can see all of the account features offered by eToro here.

eToro Leverage and eToro CFDs Explained

let's take a look at some of the basics of using eToro leverage.

eToro offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

eToro leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the eToro trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The eToro leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

eToro CFDs are typically used for short to medium term trades. For example eToro intraday trading.

Limiting Your Risk When Trading with eToro Negative Balance Protection

We should say something about negative balance protection with eToro. When trading using leverage an adverse move could result in losing more than your trading account balance at eToro. Your eToro account could potentially become negative. We recommend you making use of negative balance protection. Using negative balance protection ensures your losses will always be limited to the current balance of the money in your account.

Limit Risk When Trading with eToro Stop Loss, eToro Stop Limit Orders

A stop-loss order is an order placed with a broker like eToro to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at eToro

To trade effectively with eToro, it's important to get a have a good understanding of the eToro 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.

Customer 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, email and phone support.

eToro customer service support multiple languages from all over the world. Having a broker that can hire people from various locations in the world who can better communicate with you in your local language is a huge advantage well trying to deal with issues.

Livechat Support at eToro

We tested the eToro live chat and it works well. We sent messages to eToro livechat through their app and website and recieved a response within 3 minutes.

We tested communicating with eToro support in multiple languages in multiple countries. eToro where able to quickly resolve our customer issues.

Email Support at eToro

We sent several emails to eToro and answer times overall were excellent. The fastest response from eToro was less than 2 minutes and the slowest response was 3 hours. Support response times may vary for you with eToro, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from eToro.

Phone Support at eToro

eToro does not offer Phone Support.

See how eToro Support Compares Against Other Brokers

Broker eToro IC Markets XTB City Index
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, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Spanish, German, Arabic, Polish, and Chinese
Learn More Visit eToro Visit IC Markets Visit XTB Visit City Index
Risk Warning 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 79% 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. 74% of retail investor accounts lose money when trading CFDs with this provider

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:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under eToro Brand may be different.

  • 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 3 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 the eToro trading platform 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.

eToro review
Watch this eToro Explainer Video

eToro review
Is eToro A Good Broker?

We spent over 3 months examining eToro in depth. Although eToro are not perfect we found many really useful aspects with the overall offering from eToro. Our personal experience of trading with eToro was very good. Weighing up many points eToro is a good broker.

  • eToro have a good track record of offering Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency.
  • eToro has a history of over 14 years.
  • eToro has a reasonable sized customer support 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.

More eToro Guides and Research

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

eToro Risk Disclaimer

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.

Past performance is not an indication of future results.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro review
eToro not quite right?

If after reading this eToro review, eToro does not fulfill your needs check out these eToro Alternatives.

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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.

eToro review
Related eToro Vs Comparisons

We have covered allot in this eToro review, If you want to see how eToro compares side by side with other brokers check out our eToro Vs pages.

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 our indepth eToro VS pages below.

eToro review
ETORO Frequently Asked Questions

Can I try eToro before I buy?

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

What funding methods do eToro accept?

Please note that the list of payment methods below depend on the eToro Entity and the Clients Country of Residence.

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

75% of retail investor accounts lose money when trading CFDs with this provider.

Is eToro safe?

eToro are considered safe as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). 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.

Is eToro trading good?

eToro is considered good and reputable to trade with. eToroeToro is used by over eToro active traders. eToro offers Stocks trading, Commodities trading, Forex trading, CFDs trading, Social Trading trading, Indices trading, and Cryptocurrency trading. Minimum deposit with eToro is 200.

Is eToro trading Legit?

eToro was founded in Cyprus, UK in 2006. eToro has been facilitating trade on the financial markets for over 14 years. eToro offers clients Stocks trading, Commodities trading, Forex trading, CFDs trading, Social Trading trading, Indices trading, and Cryptocurrency trading. All funds deposited to eToro are held in segregated tier 1 bank accounts for security. eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) so can be considered legit.

Is eToro a good broker?

eToro is overseen by the top tier financial regulators Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) so can be considered a good broker. eToro allows Stocks trading, Commodities trading, Forex trading, CFDs trading, Social Trading trading, Indices trading, and Cryptocurrency trading.

Is eToro trustworthy broker?

eToro can be considered trustworthy. All money funded to eToro is placed into a segregated tier 1 bank account. this means your money in not held by eToro directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).

What is the minimum deposit for eToro?

The minimum deposit to trade with eToro is 200.

How long do eToro withdrawals take?

Withdrawing money from eToro processing time varies but averages 2-5 days.

Is eToro regulated?

eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).

Is eToro a market maker?

eToro is a market maker. Stocks, currency and other commodities and instruments will be purchased by eToro even if no buyer is lined up.

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.

Is eToro a con?

eToro is regulated and well established having been in business for over 14 years. eToro is definitely not a con.

Can you make money with eToro?

Although traders have had great success with eToro. Trading on the financial markets with eToro is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. 75% of retail investor accounts lose money when trading CFDs with this provider..

Does eToro have fees?

eToro withdrawal fees varies on payment method. eToro does charge a fee for inactive accounts. eToro doesn't charge deposit fees.

When was eToro founded?

eToro was founded in 2006.

How many people use eToro?

eToro is used by over 12000000 registered traders.

What is eToro Headquarters country?

eToro has its head quarters office in Cyprus, UK.

Does eToro offer negative balance protection?

eToro offers negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does eToro offer guaranteed stop loss?

eToro does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does eToro allow scalping?

eToro does not offer scalping.

Does eToro allow hedging?

eToro does not offer hedging.

Does eToro offer CFD trading?

eToro offers CFD trading.

Does eToro offer STP?

eToro offers STP trading.

How many people use eToro?

eToro is used by over 12000000 traders.

Is eToro an ECN broker?

eToro does not offer ECN trading.

Does eToro offer a demo account?

eToro offers a demo account.

Does eToro offer an Islamic account?

eToro offers a Islamic accounts.

What are the funding methods for eToro?

eToro accept the following funding methods : Credit cards, PayPal, Skrill, Neteller, UnionPay, Bank Transfer.

eToro review written by Andrew Blumer and Mark Hansen

We hope you found our review of the eToro brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

eToro review written by Mark Hansen of Comparebrokers.co