eToro
Min $50
- Min Deposit $50
- Max Leverage: 30:1 retail clients, 400:1 professional clients
- 2,000+ Tradable Assets
- Forex, Stocks, Commodities, ETFs, & Indices
- Credit/Debit card, Bank transfer, Electronic wallets
- Web Trader, Mobile App
- Regulated by FCA, CySEC, ASIC
- 21 Languages Supported
- Over 20,000,000 clients worldwide
- No MetaTrader 4 & MetaTrader 5
eToro Review
eToro is a social trading and multi-asset brokerage company that specialises in financial and copy trading services. It was founded in Israel in 2007, under the name Retail FX, by brothers Yoni and Ronen Asia and David Ring. Today, it has registered offices in Cyprus, Israel, U.K., U.S.A and Australia, and a total head count of 501-1000 employees. The company was valued at $800m in 2018.
eToro Fees Review
- Free stock trading
- Low CFD fees
- Low Forex fees
- $5 withdrawal fee
- $10 monthly inactivity fee after 1 year of no trading
Stock Fees
eToro doesn’t charge commission on real stock trading, i.e. there are no broker fees when opening or closing the position. This doesn’t apply to short or leveraged positions.
CFD Fees
CFD trading fees are low on eToro. E.g., for a $1,000 long position held for a week, the fees are:
| S&P 500 index CFD fee | Europe 50 index CFD fee | Apple CFD fee | |
|---|---|---|---|
| Fees | $1.2 | $1.3 | $3.6 |
Forex Fees
Forex trading fees are low on eToro. E.g., for a $1,000 30:1 long position held for a week, the fees are:
| EURUSD | GBPUSD | AUDUSD | EURGBP | |
|---|---|---|---|---|
| Fees | $0.82 | $0.63 | $0.61 | $0.68 |
Non-trading Fees
| Account Fee | Deposit Fee | Withdrawal Fee | Inactivity Fee |
|---|---|---|---|
| $0 | $0 | $5 | $10 per month after one year of inactivity |
eToro Deposits & Withdrawals Review
- Min deposit $50
- No deposit fee
- Accepts deposits in 10 currencies
- Credit/Debit card, Bank transfer, Electronic wallets
- $5 withdrawal fee
Account Base Currency
eToro accepts deposits in 10 currencies: USD, EUR, GBP, AUD, RMB, THB, IDR, MYR, VND, PHP. It’s important to note that the platform will convert any non-USD funding to USD, i.e. they only allow USD accounts.
How long will it take for my deposit to show on eToro?
When will I have access to my money if I withdraw from eToro?
What is eToro minimum deposit?
Can I withdraw any amount?
Does eToro charge withdrawal fees?
Are there any terms on where I direct any funds I withdraw?
Make your First Deposit with eToro
back to menu ↑eToro Account Types Review
You can easily open an eToro account online. All you need is an email address or, alternatively, you can use your Facebook or Google account. Then you get two options: you can either try out the platform using play money with a demo account or you can start trading directly with a live account. Once you deposit funds, you will need to verify your identity by uploading a copy of your passport or ID and your residency by uploading a copy of a utility bill or bank statement.
Platform Languages
The eToro platform is multilingual with 21 languages: Arabic, Chinese (simplified), Chinese (traditional), Czech, Danish, Dutch, English, Finnish, French, German, Italian, Malaysian, Norwegian, Polish, Portuguese, Romanian, Russian, Spanish, Swedish, Vietnamese, Thai.
Open a Trading Account with eToro
back to menu ↑eToro Platforms & Assets Review
- 2,000+ tradable assets
- Forex, Stocks, Commodities, ETFs, & Indices
- eToro Copy Trade and Copy Portfolio
- Web Trader and Mobile App
- MetaTrader 5, MetaTrader 4
eToro Copy Trade
If you’re not sure where to start or if you don’t have time to consider different options, eToro has a very popular feature called CopyTrader™, which does exactly what the name implies! You can basically view what successful traders do in real time and copy their trading.
back to menu ↑eToro Customer Service Review
- Live chat
- Support Ticketing System
- No 24/7 support
eToro offers good customer service but it’s on weekdays only. You can reach them using the live chat feature or the ticketing system which will give you a response in writing via email.
back to menu ↑Is eToro safe?
| Regulator | License | Legal Entity |
|---|---|---|
| Cyprus Securities Exchange Commission (CySEC) | 109/10 | eToro (Europe) Ltd |
| Financial Conduct Authority (FCA) | FRN 583263 | eToro (UK) Ltd |
| Australian Securities and Investments Commission (ASIC) | 491139 | eToro AUS Capital Pty Ltd |
Is eToro safe?
- Yes, it is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investment Commission (ASIC).
Is there negative balance protection on eToro?
- Yes, as part of their policy of Negative Balance Protection, you can never lose more funds than you have deposited into your eToro account.
Specification: eToro
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