Summary

ProsCons
Multi-Regulated Broker Higher Spreads on FX and Indices
Best Social Investment Platform No mini accounts
Buy Stocks with 0% Commission

Summary

eToro is a multi-regulated broker with licenses in UK, Australia and Europe, who have been operating since 2007. They pioneered Social Copy Trading and this user friendly platform is ideal for beginners starting on their trading journey as they can easily interact or copy other traders. They also have an excellent choice of stocks and shares with 0% commission. However they have higher account fees and spreads than other brokers on FX, Commodities and Indices.

Regulation & Security
4.2
Markets
3.3
Account Types
3.5
Funding & Withdrawals
4.1
Pricing & Execution
2.4
Commissions & Fees
3.4
Platforms
3.6
Charts
3.5
Tools
3.1
Customer Service
2.8
Education Resources
4.2
Research & News
3.9

Regulation & Security

Website: https://www.etoro.com/

Trading Name: eToro

Regulation: FCA | ASIC | CySEC

Risk Warnings: 67% of retail investor accounts lose money when trading spread bets and CFDs with this provider

Established: 2007

Number of Employees: 1000+

Head Office Location: Tel-Aviv

Listed Company: Private

FBS Balance Protection: Yes

Segregated Funds: Yes

Peer Review: Trust Pilot Poor Rating from1900 reviews FXP 1.749 from 207

Summary

eToro is a multi-regulated company with a head office in Tel-Aviv. They offer the standard FSCS balance protection scheme under their FCA license.

Rating

4.2

Markets

Market TypeNumber of MarketsLeverage
FX 49 Up to 30:1
Indices 13 Up to 20:1
Shares 2800 Up to 5:1
Commodities 31 Up to 20:1
Crypto 16 N/A
ETFs 249

Summary

eToro cover a wide range of markets including all the major FX and Indices. They have a comprehensive share offering with over 2800 stocks. They also offer a good selection of ETFs.

Rating

3.3

Account Types

Account TypeMinimum Trade ValueMinimum DepositGuaranteed Negative Balance
Mini account
Standard account $50 $200
Islamic account
Professional account
Corporate account
Demo
Social + Copy Trading
Stock Broking
Ready Made Portfolios
Regular Saving Investment

Summary

eToro offer a standard account with no frills and silver membership of the eToro Club. The benefits of the eToro club depend on the amount of equity in your account, as you move up through the tiers you get access to Market Analysis, FT Subscription and no withdrawal fees which should all really come as standard. The most interesting thing is the Popular Investor Programme which has four levels from Cadet to Elite. It enables experienced investors to generate income if other investors copy their trades. Investors can automictically replicate top-performing investors trades in real time.

Rating

3.5

Funding & Withdrawals

Credit cards Debit Cards Bank Transfer PayPal Skrill Payoneer Neteller Crypto Currencies

Withdrawals: 3 to 5 days

Summary

eToro have a good selection of deposit methods.

Rating

4.1

Pricing & Execution

Fixed or Variable Spread: Variable

Market Maker or ECN: Market Maker

From v Average: From

Major Markets

GBP/USD EUR/USD USD/JPY EUR/GBP FTSE100 Wall St German 30 US 500
2 1 1 1.5 1.5 6 2 0.75
Apple Tesla Barclays BP Bitcoin Ether Brent Crude Oil Gold
0.09% tbc tbc 0.09% 0.75% 1.90% 5 0.45

Summary

One of eToro's greatest strengths is the ability to trade stocks at 0% commission. However, spreads are generally wider on FX, Commodities and Indices than some other trading platforms.

Rating

2.4

Commissions & Fees

Overnight Financing Inactivity Fee Deposit Fee Withdrawal Charges CFD Commissions Guaranteed Stop Loss Phone Dealing Management Fees Share Dealing Costs Reinvestment Income Charge FX Charges Paper Statements
Yes $10.00 No $5 $0.09 stock CFDs Yes N/A No No N/A N/A N/A

Summary

eToro have a number of charges to watch our for especially the withdrawal charges and inactivity fee which is charged after 12 months.

Rating

3.4

Platforms

Desktop Mobile Trading MetaTrader 4 MetaTrader 5 Proprietary Platform

Summary

eToro have built their own unique platform which is very user friendly and easy to use.

Rating

3.6

Charts

Charting Indicators Charting Drawing Tools Trade From Chart Watchlists
66 14 Multiple

Summary

eToro have a good charting package with over 66 Indicators and 14 drawing tools. You can have multiple watch lists and they have a very useful Pro Charting Package that allows you to compare assets or markets over different time frames and you can save as many as you like.

Rating

3.5

Risk Management Tools

Guaranteed stop-loss orders Market orders Partially close trades Limit and stop entry orders Take-profit orders Stop-loss orders Trailing stop-loss orders Boundary orders Automatic account close-out Complete close-out Last trade in first out Largest position margin first Largest position loss first Price Alerts One-click Execution OCO Orders

Summary

eToro have a basic set of risk management tools to suit new investors. You can also trade CFDs with no leverage and stop losses are mandatory.

Rating

3.1

Customer Service

Phone Live Chat Email Forums FAQs Multilingual

Summary

eToro have a very friendly and efficient customer services team who can be contacted by email or live chat. There is no phone support.

Rating

2.8

Education Resources

Demo account General educational articles General educational videos Dedicated Education Centre Seminar & Webinars Platform tutorial videos Trading Community
7

Summary

The eToro Learning lab has seven useful platform tutorials and many more coming soon. In platform they offer regular investment webinars. They also have a small selection of podcasts and a very good guide with 18 chapters for beginners. For more details check out the eToro Trading School.

Rating

4.2

Research & News

Daily Market Commentary News Service Signals Research Technical Analysis Sentiment Analysis Economic Calendar Blogs
TipRanks and CoinFi Social Sentiment Indicators

Summary

eToro have a good general selection of research and news. Within each market they have a clear description and profile of the asset, research provided by TipRanks or CoinFi, sentiment analysis and a live news feed with other traders sharing their thoughts and ideas. You can also see information generated by other users in the news feed.

Rating

3.9

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