eToro Review

eToro is the world’s largest social broker, in operation since 2006. The broker ranks amongst the most established providers on the market. eToro stands out by offering traders the opportunity to automatically copy other successful traders instead of choosing their trades themselves. For months, the eToro community requested eToro to provide Bitcoin trading. This has now been implemented by eToro and is already massively popular.

eToro is regulated by the financial regulator CySEC. The regulator ensures that traders are treated fairly by the broker and that their credit is secured with a deposit guarantee. eToro has been active since 2006 and is as such considered one of the established names on the market. To date, more than 2.8 million traders from over 190 countries have chosen eToro for their trades. The platform has been rapidly growing after eToro started to offer Litecoin trades. The platform is especially popular amongst beginners, as the trades of experienced traders can be automatically copied. In addition, traders can invest simultaneously in all major crypto currencies (such as Bitcoin, Ethereum, Dash, Ripple and Litecoin) at eToro’s CryptoPortfolios.

Traders do not need to install software on their computers and can access the platform directly through their Internet browser. eToro additionally offers its customers a mobile version. This version is also free of cost. This makes it very easy to trade on the go. New customers can convince themselves of the trade platform without risk by using the demo account. This account type comes without a usage period limit. Traders can trade with a virtual credit of £10,000.

It only takes a few minutes to open a new eToro account. Customers need to pay in at least 200 pounds to open an account. This minimum deposit amount is lower than with other brokers.

Traders who deposit 20,000 pounds or more receive a Premium account. This offers them advantages such as a personal account manager. There are a host of different payment methods available to make deposits. Aside from classic pay ins with credit card or bank transfer, the broker also supports Giropay, Skrill, WebMoney, 1-Pay, and Neteller. It is also possible to deposit money through PayPal. Traders have the same payment methods at their disposal when withdrawing credit.

eToro traders enjoy professional customer support. The broker’s support employees can be reached via email and live chat. The answers to many – more common – questions can also be found in the expansive FAQ section. The company’s own trading centre offers traders a large selection of information and training options. This includes free training programs and webinars.

eToro has an established reputation. The option to automatically copy successful traders is particularly interesting for new traders. A new account is set up within minutes. Traders can use all common payment methods with eToro. The trade platform the company itself developed has a very beginner-friendly interface and it offers traders many useful functions. The customer support quickly and professionally answers questions. The social trading elements makes eToro stand out from other mainstream brokers.

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. 77% 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. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro(Europe) Ltd., which is authorised and regulated by the Cyprus Securities andExchange Commission.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.