- Min Deposit $100 or equivalent
- 2,000+ Tradable Assets
- Max Leverage: 30:1 , 300:1 professional clients
- Official Partner Atlético de Madrid
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 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 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|
Forex trading fees are low on eToro. E.g., for a $1,000 30:1 long position held for a week, the fees are:
|Account Fee||Deposit Fee||Withdrawal Fee||Inactivity Fee|
|$0||$0||$5||$10 per month after one year of inactivity|
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.
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.
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.back to menu ↑
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 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 ↑
|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|