The company does not disclose any information about daily trading volume, but according to a Spanish newspaper 300 billion USD were traded during 2016. EToro operates worldwide, but it is not permitted to serve American customers. Some of the products and services listed on our website are from partners who compensate us. This may influence which products we compare and the pages they are listed on.

It is a brokerage firm that aims to introduce a new approach to the industry of trading and has launched a trading platform that caters to all types of traders. If you have some investing experience and enjoy getting your hands dirty tracking stock prices and following the latest business news, you might prefer a little more autonomy in managing your investments. EToro is considered the pioneer in social trading – a concept where traders can view and copy the content, activities and strategies of successful traders. The eToro platform and CopyTrader functions are specifically designed for this purpose. This way eToro succeeds in combining online trading with forex and CFDs with the idea of social networks.

  • An investment platform that enables users to buy and sell stocks in fine art securities.
  • I’ve been using eToro for over 4 years now, mostly with no apparent problems until this year.
  • They manipulate whit spread, closing opened position when they needed.

I couldn’t find an export to csv option so had to manually enter all my withdrawals to my wallet or from my wallet into my tax spreadsheet. We are sorry to read this review because since the eToro platform operates in USD, deposits and withdrawals that are in currencies other than USD are subject to conversion. I’ve been with eToro for about 18 months, having chosen eToro, mainly due to reviews I had read, as the platform I wanted to trade on.

Cons of eToro

Formerly users weren’t able to withdraw real Bitcoin to external wallets after “purchase”. Since last year buying Bitcoin really means that you’re getting the underlying asset at your free disposal. Users can send their BTC away from eToro to their home wallets.

EToro won’t let you open an account if you live in Canada – but there are other investment services that will. Your policy of charging a fee to repatriate funds to my bank is also very greedy. There should be more transparency in terms of where the price comes from for things like NATGAS. You can see in the feed that people talk about different sources but no one really knows. Also, there’s been times that the price just freezes when it’s going down (and there’s no lack of liquidity since this has happened on US market open, for instance). I’ve been using eToro for over 4 years now, mostly with no apparent problems until this year.

etoro broker review

Trading tips provide a quick overview, plus video tutorials and digital quotes. The trader can use the eLearning according to his previous knowledge. The live webinars offered are also very good, but you need to register for them in good time. The range of further training courses is overall very extensive and differentiated, which is why the broker deserves the sub-rating “good” in the category “Knowledge transfer”. With the educational resources and information that the broker makes available to its clients, eToro can really convince. First of all you have the opportunity to test all features of the eToro platform and social trading functionality free of charge and unlimited with the demo account.

EToro is a reputable company trusted by millions of users worldwide and we have been a leader in the fintech industry and online investing since 2007. As stated on our fees page, the spreads are minimal and, are not guaranteed. Spreads will vary according to market conditions and liquidity. There may be instances when market conditions cause spreads to widen beyond the spreads displayed on our fees page. They manipulate whit spread, closing opened position when they needed.

eToro Fees To Be Aware Of:

For deposits, eToro has set a different minimum depending on the client’s geographical location. It also depends on the regulations of the country each client comes from. The minimum deposit is within the range of $200-$10,000. In withdrawals, eToro ensures that the process is fast and efficient for its clients.

etoro broker review

EToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. The question of the composition of the customer segment is particularly important for a provider of social trading. After all, the number and quality of trades in a community with several million members influences the markets to a certain extent.

User Experience With eToro – User-Friendliness

This way users can interact within a truly multi-million dollar community worldwide. EToro is a well-established trading platform, created in 2007. Pepperstone is available for desktop and mobile devices to allow you to manage your positions on the go. It features other asset classes for traders looking to diversify their portfolios.

Placing orders does not incur in any fee, but overnight commissions are charged . There are no fees for the account itself, but believe it or not, there is a 10-USD monthly fee for inactivity, independent from the remaining user account balance. All these functions make the Wallet App much more than just a wallet for crypto currencies.

etoro broker review

The ability to convert different coins into others could even replace the use of crypto wallets completely for some users. Ultimately, however, this will probably also depend on the conversion costs. The Maker Fee is due if a buyer is only willing to buy at a lower price than the current best offer or only willing to sell above the existing best offer . It accepts an order already placed on the stock exchange. The Australian eToro AUS Capital Pty Ltd, is regulated by the Australian ASIC, while eToro USA LLC is registered as a financial services provider with FinCEN. EToro is a very reliable platform for people who new to cryptocurrencies.

Compare up to 4 providers

IG Markets prides itself on executing trades fast, thus allowing you to take advantage of potentially profitable opportunities. The provider eToro is a pioneer in social trading, but that alone is not etoro broker review a recommendation for a broker. When choosing a provider, several factors are crucial, including regulation, security of customer funds, good support and of course the costs and conditions for trading.

All these licenses acquired by eToro provide safety to clients in Australia and Europe. Three entrepreneurs who had envisioned to innovate trading launched eToro in 2007. Its main objective was to cater to all investors who were interested in trading, whether they were beginning, or intermediate, or professional traders. The Moka app rounds up every purchase you make to the nearest dollar and invests the spare change into low-cost exchange-traded funds .

Here the majority of eToro Wallet transaction fees consist of the fees of the third-party provider Simplex, which account for 4%. The eToro wallet fees are rather low at 1% of the transaction amount, which must be added. EToroX charges a conversion fee of 0.1% for exchanging from one cryptocurrency to another.

Unable to close position! No support!!

Lucas is an IT student completing his studies in Networking. He also enjoys traveling and captures the best moments with his Canon 5d lens. Up to $2,050 cash bonus when you open a new brokerage account and fund it. $50 sign-up bonus and up to $2,000 cashback with newly funded accounts.

In the case of indices, for example, spreads of 200 pips apply to the GER30. The broker charges a fee if you want to hold positions overnight. In addition, a fee is charged if traders hold positions overnight. The site offers a good variety of deposit options , cryptocurrency deposits are also supported via the eToro walllet. Deposits are possible without confirming one’s identity, but the trading will be capped at 2000 USD. EToro requires deposits to come from accounts belonging to the user, returning anything coming from third parties .

Companies that require higher minimum investment amounts are often for investors with some level of experience or who have sizeable portfolios to manage. If you send an email to we’re happy to look into the closed positions you refer to. Regarding the fees, please note that all costs – spreads, rollover, inactivity, withdrawal and conversion, are all stipulated on our Fees page in the same space. I don’t like how it takes ages to retrieve your funds and the fees are huge – $5 to withdraw.