tradingcritique.com provides the best-updated broker review for eToro broker. EToro broker is a multi-asset trading broker. They provide 2000+ trading instruments with multi-asset trading platforms. We will see about the detailed product guide of eToro along with its regulations in the following article.
- Minimum Deposit: $50 (Depending on your region and country regulations)
- Trading Commissions: $5
- Regulated by: CySEC, FCA, ASIC, FSAS
- Financial instruments: Stocks, Crypto assets, Commodities, Currencies, ETFs, and Indices.
- Customer support: 24/5
- Deposit Fees: 0
EToro (https://www.etoro.com/) was founded in 2007 by Yoni Assia (Chief Executive Officer & Founder). It is headquarters in Limassol, Cyprus. It is a social trading and multi-asset company, and its registered office is in Cyprus, the United Kingdom, the United States, and Australia. More than 1200+ employees work with EToro. This broker operates in more than 140 countries with 11 million clients.
EToro offers Social trading and Copy trading platforms based on Mobile and Web. The company was regulated and licensed by CySEC, FCA, ASIC, FSAS. Most of the customers and other brokers have given positive scores, so it becomes a trading platform with low-risk factors.
Image 1:Home page on EToro website.
Regulation and Trustability
EToro is regulated and licensed by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities & Investments Commission (ASIC), Financial
Services Authority Seychelles (FSAS).
Table 1: Regulations and licenses for EToro
| Country | Regulations | Company name | Registration details |
|---|---|---|---|
| Europe | Cyprus Securities and Exchange Commission (CySEC) | eToro (Europe) Ltd https://www.etoro.com/ | License Number – 109/10. |
| USA | Securities Investor Protection Corporation (SIPC) | eToro USA LLC https://www.etoro.com/ | Member |
| USA | Financial Industry Regulatory Authority (FINRA) | eToro USA LLC https://www.etoro.com/ | Member |
| United Kingdom | Financial Conduct Authority (FCA) | eToro (UK) Ltd https://www.etoro.com/ | License Number – FRN 583263 |
| Australia | Australian Securities & Investments Commission (ASIC) | eToro AUS Capital Limited https://www.etoro.com/ | License Number – 491139. |
| Seychelles | Financial Services Authority Seychelles (FSAS) | eToro (Seychelles) Ltd https://www.etoro.com/ | License Number – SD076 |
At EToro, customers’ financial layer 1 is protected by banks, and all of their personal information is protected under SSL encryption. EToro USA Securities Inc. is a member of FINRA and SIPC.
Investments, Products, and Instruments
EToro offers market assets to trade 2590 Stocks, 107 Crypto assets, 31 Commodities, 49 Currencies, 256 ETFs, and 13 Indices.
Table 2: Various trading instruments available in EToro
| Trading types | Features to trade in EToro | |||||
|---|---|---|---|---|---|---|
| Stocks | Trading commission on stocks – 0%Leverage up to 1:5Overnight fee is 0Free registration2,000 + stocks from 17 exchangesInitial deposit $50Mobile trading optionTrading volume is too high – No limitFree access for TipRanks expert stock analysisAvailable Stocks in eToro | |||||
| TechnologyAppleFacebookMicrosoftTesla MotorsHealthcareAurora Cannabis IncBayer AGGilead Sciences IncJohnson & Johnson | ServicesAmazonNetflixWalt DisneyBeyond MeatHealthcareAston Martin Lagonda Global Holdings PLCASOS PLCeasyJetGlaxoSmithKline | |||||
| Crypto assets | EToro provides 107 Crypto Assets in 4 categories.Different category crypto assetsCrypto CrossesCrypto Currency CrossesCrypto Commodity CrossesCrypto CoinsThey provide a unique trading platform for Crypto trading.Trading Hours – 24/7Available Crypto-Assets are,Crypto Crosses | |||||
| ETHEOSETHXLMETHBTCBTCEOSBTCXLMEOSXLMBCHLTCZECETHZECLTCZECBCH | ZECDASHZECXRPZECXLMXRPDASHEOSJPYXRPJPYBTCAUDBTCNZDBTCCADBTCCHF | |||||
| Crypto Currency Crosses | ||||||
| BTCEURETHEURETHGBPBTCGBP | EOSGBPXRPGBPETHJPYBTCJPY | |||||
| Crypto Commodity CrossesGoldBTC | ||||||
| Crypto Coins | ||||||
| BTCETHBCHXRPDASHLTCETCADAMIOTAXLMEOS | NEOTRXZECBNBXTZDOTMKRCOMPLINKUNIYFI | DOGEAAVEFILALGOMANAENJBATMATICFLRSOLSHIBxM | ||||
| Commodities | eToro provide 31 commodity productsOne-click tradingFlexible leverageDeep liquidityLeverage 1:10Access for world marketsAvailable commodity products | |||||
| OilGoldSilverCopperNatgas | PlatinumPalladiumSugarCotton | CocoaWheatAluminumNickel | ||||
| Currencies | EToro offers 49+ currency pairs for trade.Leverage 1:30Leverage for PRO clients – up to 1:400Available currency pairs, | |||||
| EURUSDGBPUSDNZDUSDUSDCADUSDJPYUSDCHFAUDUSDEURGBPEURCHFEURJPY | AUDCADAUDNZDEURNZDGBPAUDGBPCHFGBPNZDNZDCADNZDCHFNZDJPYCADCHF | GBPJPYEURAUDEURCADAUDJPYCADJPYCADJPYCHFJPYUSDHKDUSDZARUSDRUB | ||||
| ETFs | The Exchange-Traded Fund (ETF) is a financial instrument that includes some assets group to serve as a trading fund.Zero commission trading optionLeverage 1:2Low costsInstant access to a wide range of marketsTransparencyEasily tradedTypes of ETFsStock index ETFsSector or industry ETFsStyle ETFsBond ETFsCommodity ETFsReal estate ETFsLeveraged ETFsInverse ETFsAvailable Stocks and ETFs | |||||
| Bolsa de MadridBorsa ItalianaNASDAQCopenhagenEuronext AmsterdamEuronext BrusselsEuronext LisbonEuronext ParisFrankfurtHelsinkiUS STOCKS | Hong Kong Stock ExchangeLSELSE – Russian GDRsChicago Board Options ExchangeNYSEOsloSIXStockholmTadawul Saudi ArabiaToronto Stock Exchange | |||||
| Indices | eToro provides 13 indicesVariety of trading opportunitiesAbility to trade in both directionsMaximum leverage 1:20Less risk for individual stocks indexReduce portfolio riskTechnical analysis strategiesBest Indices for trade,The Dow Jones Industrial Average (DJ30)The S&P 500 index (SPX500)The NASDAQ 100 (NSDQ100)The FTSE 100 index (UK100)The DAX 30 (GER30)The Nikkei 225 (JPN225)The ASX 200 (AUS200) | |||||
Image 2: Investments and products in EToro
eToro Trading Platform
EToro uniquely offers Social trading and Copy trading platforms for trading to their customers. Both the platforms are designed to run based on Mobile and Web.
Web Trading
EToro provides a Web-based trading platform. It is user-friendly and easy to access. It supports and works with Multilanguage. EToro has a two-step login system, which means login is more complicated. So it provides additional security. The home page contains tools like Watchlist, Portfolio, and News Feed.
Unfortunately, EToro does not provide a desktop trading platform for now.
Mobile Trading
Mobile trading is also similar to web trading platforms. EToro provides 2000+ financial instruments in their trading platform. In 2010 they launched social trading. The accounts are secured by biometrics.
EToro provides some good features in the mobile app, such as,
- Push notifications,
- Good touch interaction, and
- Swipe to open a new trade.
Mobile trading platforms are available for iOS (Apple) and Android (Google play store). In the mobile app, they serve 20+ languages and they also have 4+ Customer ratings.
Image 3: Trading platform in EToro
Trading Platforms Features
eToro provides the same function and options for both the web and mobile trading platforms.
eToro Trading platforms features
- Easy to use
- User friendly
- Social trading options
- Copy-trading option
- 2000+ financial instruments
- Multi-asset platform
- Virtual Portfolio
- Tipranks Research Tab
- One-Click Trading
- Stop Loss and Take Profit
- Trailing Stop Loss
- Pro-charts
- Offline Trading
- 24/7 Trading Hours
eToro Trading Websites – Continent wise
eToro concentrates on Europe and Asia continents. They provide different language websites for these continents. For other countries, they offer English language websites.
Table 3: Multilingual trading websites of eToro segregated continent wise
| No | eToro Trading Websites | Countries | Website Language |
|---|---|---|---|
| 1. | eToro (Main) | Global | English |
| Continent 1 – EUROPE | |||
| 2. | eToro UK | United Kingdom | English |
| 3. | eToro Français | France | French |
| 4. | eToro Italiano | Italy | Italian |
| 5. | eToro Español | Spain | Spanish |
| 6. | eToro Deutsch | Germany | German |
| 7. | eToro Português | Portugal | Portuguese |
| 8. | eToro på Svenska | Sweden | Swedish |
| 9. | eToro Suomi | Finland | Finnish |
| 10. | eToro Polski | Poland | Polish |
| 11. | eToro Dutch | Netherlands | Dutch |
| 12. | eToro Norsk | Norway | Norwegian |
| 13. | eToro Čeština | Czechia | Czech |
| 14. | eToro Dansk | Denmark | Dansk |
| 15. | eToro Română | Romania | Romanian |
| Continent 2 – ASIA | |||
| 16. | eToro العربية | UAE | Arabic |
| 17. | eToro 简体中文 | China | Simplified Chinese |
| 18. | eToro 繁體中文 | China | Traditional Chinese |
| 19. | eToro Русский | Russia | Russian |
| 20. | eToroTiếng Việt | Vietnam | Vietnamese |
EToro Account Type
EToro provides two different types of accounts with one Demo account. Both the accounts are classified by their clients, like Retail and Professional.
Retail Clients
Retail customers have access to all of their trading assets and can trade manually or through Copy trading. Although the foreign exchange of retail customers is restricted, they receive certain protections, such as the protection from the Investor compensation fund and seeking the services of a Financial Ombudsman. Also, they get negative balance protection and margin closing controls.
Professional Clients
A professional trader must pass an exam to determine their eligibility. ESMA Investor Protection like Investor Compensation Fund and Financial Ombudsman Service is not available. As a professional customer, you will gain access to foreign exchange. They provide Negative Balance Protection for PRO clients.
Demo Account
EToro offers a free Demo account with Virtual money. When you start a Demo account with EToro you receive a $100,000 virtual fund in your account balance. They provide 3000+ instruments to trade from leading global markets in your demo account. Any time you can switch over from your demo account to a real account.
Image 4: Demo Account in EToro
Fees, Commissions, and Bonus
Deposit and Withdrawal
In EToro the first time minimum deposit amount is $50 to $10,000, it’s depending on your region and country regulations. They do not accept third-party payment.
| Users residing in | Minimum first deposit |
|---|---|
| Austria, Germany, Ireland, Italy, Netherlands, Norway, Spain, Sweden, Switzerland, United Kingdom, United States | $50 |
| Azerbaijan, Bahrain, Cayman Islands, Costa Rica, Dominican Republic, Egypt, French Polynesia, Georgia, Gibraltar, Iceland, Isle Of Man, Jersey Island, Jordan, Kazakhstan, Kenya, Kuwait, Lithuania, New Zealand, Oman, Qatar, Reunion Island, Senegal, Ukraine | $1,000 |
| Algeria | $5,000 |
| Israel | $10,000 |
You can withdraw your money at any time. When you want to withdraw your money, you just need to have the following things in mind,
- The minimum amount for withdrawal is $30.
- Your account needs to be verified – meaning a green tick appears on your profile.
- You must have withdrawable funds available.
Table 5: Withdrawal Time in EToro
| Payment Method | Estimated time to receive funds |
|---|---|
| Asia Online Banking | 1-2 business days |
| China Union Pay | 1-2 business days |
| Credit / Debit card | Up to 8 business days |
| Neteller | 1-2 business days |
| PayPal | 1-2 business days |
| Skrill | 1-2 business days |
| Wire Transfer | Up to 8 business days |
Image 5: Fees in EToro
Customer Support
EToro serves 2 types of customer support for visitors and Existing Users. The customer support is available on 24/5 via Email and FAQ page in 21 languages. Most of the questions are answered in the FAQ page.
Table 6: Phone numbers to contact eToro Country wise
| Countries | eToro Contact Number |
|---|---|
| International Phone Number | +357 25262100 |
| EUROPE | |
| Europe | +357 25262100 |
| United Kingdom | +44 02038687213 |
| AUSTRALIA | |
| Australia | 1-800 778 439 |
Image 6: Information about EToro Customer Support.
Education and Research
EToro provides education-related two snacky sections, namely News and analysis, eToro Academy.
The eToro News and analysis page gives information on the topics like,
- CopyTrader,
- Crypto,
- eToro Updates,
- eToroX Exchange,
- Investing,
- Market Insights,
- Stocks,
- Trading.
Image 7: News and analysis page in EToro
In the Academy section, EToro teaches how to trade and invest successfully. They serve a lot of courses via guides, podcasts, webinars, and videos. All the contents are available on a trader basis, like beginners and advanced. Probably most of the topics are covered under market assets.
