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etoro.com Review

etoro.com

Tags:  Investment
4/54 votes
Last update: 2024-01-06
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Nivantha
1 Review
Last Update: 2018-04-21
I found this great website when I was searching for online trading platforms. Using it for more than a year, I can say etoro.com is one of the best trading platforms on the Internet.

Overview

Started in year 2008 eToro is the world's leading social trading network with over 9 million traders around the globe. It's user friendly interface, 24 hrs customer service, flexible leverage, competitive spreads, fast cashouts and other features have made it into one of the best sites of its kind.

Whatever your financial goals, eToro can offer you the tools to take your trading further. Thanks to their social investment network, eToro gives you the opportunity to channel the collective potential of a diverse trading community into individual benefit, by learning from, interacting with, and even automatically copying other network members in real time.

At the same time eToro promotes sustainable trading, encouraging you to recognize that trading involves risk, take precautions to minimize your risk exposure, and keep in mind that past performance is not an indication of future results.

Special Features

CopyTrader is eToro's most iconic feature. Select a trader to copy his trading portfolio in real time with one click of a button. You can choose upto 100 different traders to copy simultaneously. The minimum amount to invest in a trader is $200 and the maximum amount is $500,000. It is a safe way to invest money in a experienced trader than trying various risky strategies by yourself.

Mobile trading app

Take the wisdom of the crowd with you everywhere you go. Download eToro mobile app for Android and iOS devices.

Popular investor program

When they are copied by other people, Popular Investors earn fixed payments and up to 2% of their annual assets under management (AUM). These payments are in addition to any profits made from their own trading. Successful Popular Investors can also enjoy a 100% spread rebate on all their trades.

Demo Account

You will get your practice account with $100,000 virtual currency. With the new features added to the demo account you can feel assured that its exactly the same as the real account will be. Make sure to use it before you start trading with real money.

Payment Processors

Depositing and withdrawing are fast and easy. You can use China Union Pay, Neteller, ****, Skrill, WebMoney or Wire Transfers as per your requirement.

Customer Support

The eToro support team take your questions by live chat, email or phone 24/5.

License and regulation information

eToro’s brokering services are provided by eToro (Europe) Ltd. , a registered Cypriot Investment Firm (CIF). The company's registration number is HE20058. EToro Europe is regulated by the Cyprus Securities & Exchange Commission (CySEC) under license number 109/10. In the UK, eToro UK (company registration number 7973792) is authorized and regulated by the Financial Conduct Authority (FCA), under firm reference number 583263. EToro (Europe) Ltd. And eToro (UK) Ltd. Both operate under and comply with the Markets in Financial Instruments Directive (MiFID).

Finally, if you are serious enough about making money online, eToro can be your best choice. Make it sure to get familiar with the features in your practice account before trading with real money. There is a large crowd of investors that you can interact with, share ideas and strategies.

Good luck for all!
Is this review useful? 3
5.02018-04-213
Kenny Howse
106 Followers   1 Review
Last Update: 2023-07-14
My experience with the program so far

eToro has emerged as a popular investment platform, offering users a seamless and user-friendly trading experience. With its innovative features and straightforward interface, eToro caters to both novice and experienced investors. In this review, we will explore the key strengths of eToro and analyze its offerings.

eToro's platform stands out for its simplicity and ease of use. The interface is straightforward, making it accessible even for those new to online trading. The intuitive design and well-organized layout allow users to navigate the platform effortlessly, saving time and reducing the learning curve associated with investment platforms.

One of eToro's standout features is its CopyTrading functionality. This feature enables users to automatically replicate the trades of successful investors on the platform. This social trading aspect fosters a sense of community and allows less experienced traders to learn from seasoned professionals. This innovative feature sets eToro apart from its competitors, as it encourages collaborative learning and enhances overall investment strategies.

eToro provides an extensive selection of tradable assets. From stocks and ETFs to cryptocurrencies and commodities, investors have a diverse array of options to build their portfolios. This broad range of assets enables users to diversify their investments and capitalize on various market opportunities. Investopedia highlights the inclusivity of eToro's offerings, accommodating both traditional and crypto investors alike.

Innovative Social Features: Apart from CopyTrading, eToro integrates social features that enhance the overall trading experience. The platform allows users to interact with fellow investors, exchange ideas, and share insights. This social aspect fosters collaboration, boosts engagement, and facilitates the exchange of knowledge within the eToro community. Investopedia acknowledges these features as significant advantages, enabling users to benefit from collective wisdom and stay informed about market trends.

eToro operates under the regulation of top-tier financial authorities, ensuring the platform's legitimacy and compliance with industry standards. This regulatory oversight provides users with a sense of security and confidence when executing trades or storing funds on the platform. Additionally, eToro employs robust security measures to safeguard user data and funds, further enhancing the overall trustworthiness of the platform.

What I Like

I love trading on eToro for all of the reasons given above.

What I Dislike

I can't think of anything that I dislike about this platform.

Final Verdict

An excellent platform for both new and seasoned investors and traders.
Is this review useful?
4.02023-07-143
Malani
11 Followers   1 Review
Last Update: 2023-06-03
My experience with the program so far

If you want to start investing in stocks, currencies, commodities, indices or cryptocurrencies eToro will not disappoint you!

You pay no commission fees or any other fees, but there is a spread between bid and ask price, which can sometimes be significant. This is how eToro makes money. To mitigate this I always use limit orders instead of market orders, so I get to pay the price I want.

Etoro offers you access via CFDs (contract for difference). This way you can even make use of leverage. You think a stock is going down? No problem! Sell it and make profit.

If you are new, I strongly suggest you use the included virtual account, where you can make virtual investments (no real money), but use the actual stocks, etc..

What I Like

  • Both mobile and desktop app with a slick & nice UI
  • Use small amounts (from $10)
  • A wide range of markets (stocks. Crypto, indices, commodities, ETFs)
  • Make profit not only buying, but also selling
  • Choose your style: order or trade
  • Use of up to Leverage: low risk, low rewards or high risk and high rewards
  • Analysis and charts
  • Receive dividends!
  • Virtual account: this is a really cool feature where you can start without real money
  • Copytrading: If you want to blame others :-)

What I Dislike

  • I like to take care of my investments myself, so I don't use the Copy Trading feature of eToro, but you can. If you like
Is this review useful?
5.02023-06-033
Matt Houchins
24 Followers   6 Reviews
View my top recommendations

My Top Recommendations

Last Update: 2024-02-17
I have been buying and profiting in cryptocurrencies since 2017. When I first bought ethereum for $10.

It has been a wild ride, but so much fun profiting from a very new asset class. If you want to get into crypto, but you don't know where to start.

Just jump in, and learn as you go, you don't want to miss this next phase of cryptos.

Anyway, one of the crypto trading platforms I use is etoro. You can trade stocks as well as crypto. I like the platform and ease of use. If you sign up you can also get an extra $10 of crypto, so Hey Free crypto.

What's not to like? Go ahead and check it out.
Is this review useful?
5.02024-02-171