High - VariableeToro Review
Table Of Content 👇
| 💱 Instruments | Currencies, Crypto, Indices, Metals, Stocks, ETFs |
| 💳 Funding & Withdrawal | Wire Transfer, Credit Card, PayPal, Skrill, Neteller, UnionPay, WebMoney, Yandex Money, Giropay, Wirecard |
| 💻 Broker Type | MM |
| 👨🏽💻 Account Types | Retail Account, Professional Account |
| ⌛️Language | English, Italian, German, Russian, Simplified Chinese, Traditional Chinese, French, Arabic, Polish, Dutch |
| 🎮 Virtue | Copy Trading |
Pros / Cons
- Used by 6,000,000+ traders
- Established in 2006
- Regulated by Financial Conduct Authority, CySEC, ASIC
- Min. deposit from $200
- Simple social trading procedure
- More than a thousand stocks available for trading
- Authorised and regulated by credible government agencies
- Easy-to-use website and mobile app
- Low leverage and higher minimum deposit
- Conversion fee for non-USD deposits
- Doesn’t allow scalping
- Inactivity Fee
- 15 cryptocurrencies that can be traded 24/7
- MT4 trading platform not supported
Markets & Products
eToro offer hundreds of available investments. These include currencies, indicies, ETFs and 15 cryptocurrencies. Each asset class is traded with different investment strategies. Equity trading is not available. eToro’s offering of investments is more than decent. It is diverse enough to be considered satisfying for most traders.
With eToro you trade stocks and cryptos. You can hold these assets directly and not via CFDs. eToro supports a wide variety of Exchange-Traded Securities and offers $0 commission on US Stocks and fractional shares.
Commissions and Fees
eToro is a market-maker broker and lists a typical variable spread of 1 pip on the EUR/USD, which is slightly higher than the industry average. When comparing fees alone, retail traders don't choose eToro for its spreads, but rather for its social copy-trading platform capabilities (see Platform and Tools section below for more details).
VIP accounts: eToro offers a VIP club membership with five tiers ranging from silver to diamond for traders who maintain balances between $5k -$250k. Depending on the level, benefits vary from a dedicated account manager to discounted withdrawal and deposit fees, access to private signals, and exclusive assets, among other VIP-style account benefits.
Popular Investor program: eToro's Popular Investor program has four levels – from cadet to elite – where you can be eligible to receive various perks. Benefits from this program can range from spread rebates to a monthly payment and even a management fee for those who reach elite status. Popular Investor is for traders who allow other investors to copy their strategy.
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Etoro has been one of the leading trading platforms in the field of contract for difference, social, and copy trading since 2007. Overall you can invest in more than 2,000 different assets and markets. Since 2017, the range has also been expanded to include the new digital currencies like Bitcoin, Ethereum, and more cryptocurrencies.