BrokerNotes Menu
eToro logo

eToro Summary

Trust Rating AWhat's this?

How BrokerNotes Trust Rating is Calculated:

Our trust rating takes into account a range of factors that influence a brokers reliability and reputation, These factors include how the broker is regulated, whether they use segregated bank accounts, their years in business, banking tiers, customer support offered, and much more.

 
  • Regulated by the Financial Conduct Authority & CySEC
  • eToro have over 4,000,000 registered traders
  • One of the first social trading networks established in 2006
  • Uses Tier banks to hold client funds such as Sberbank
  • Client funds are held in segregated bank accounts

$1,000 referral bonus
T's & C's apply.

Start trading with eToro Open a practice account
Losses can exceed deposits. Your capital is at risk.

BROKERNOTES

#1 FEATURED BROKER
AvaTrade logo
  • Regulated by the Central Bank of Ireland
  • Used by 20,000+ traders
  • Over 10 years in business
Visit AvaTrade to start trading

eToro Review

eToro
Trust Rating A
  • Regulated by the Financial Conduct Authority & CySEC
  • eToro have over 4,000,000 registered traders
  • One of the first social trading networks established in 2006
  • Uses Tier banks to hold client funds such as Sberbank
Visit eToro to start trading
eToro
83/ 100

eToro Review

If you are looking for a simple to use social trading platform, eToro has one of the most user friendly platforms available. The eToro OpenBook trading platform is the leading social trading platform for copy trading, with a trading community of over 4,000,000 users. With their patented CopyTrader system you can easily find and start trading by automatically copying the entire portfolio of other expert traders on the platform.

With eToro you can trade a wide range of financial instruments from forex, metals, commodities, stocks and indices via CFDs. They accept a wide range of deposit and withdrawal methods from Bank wire, credit/debit card, Paypal, Neteller, Skrill, 1-pay, Webmoney and Giropay. They offer no commission trading and accept deposits from as low as $50. They have a super simple sign up process with the ability to quickly sign up with your Facebook or Google plus account.

eToro disrupted the online trading industry with their innovative social trading platform and they are one of the most popular choices for individuals looking for a copy trading platform.

eToro screenshot

eToro Spreads from (view all)

See all eToro spreads
  • Website

    Min. Deposit: $200

  • Services Offered:

    Forex, CFDs, Spread betting, Copy Trading

    Min. Trade: $25

  • Instruments:

    Forex, Metals, Commodities, Indices, Stocks, ETFs

    Max. Trade: 20% of account equity

  • Excluded countries:

    Iran, North Korea

    Margin: From 0.25 %

  • Platforms:

    eToro WebTrader, eToro OpenBook, Mobile Trader

    Leverage: 400:1

  • Apps:

    iPhone, iPad

    Commission: None

  • Payment & withdrawal:

    Payment methods Payment methods Payment methods Payment methods Payment methods

eToro Pros & Cons

The platform of choice for indivuals looking for a simple 4 step trading system - sign up, find a top trader, copy their trades, monitor and manage the trades made by the traders you have copied. eToro offer great fixed spreads and some top risk management strategies including guaranteed stop losses, limit orders and limiting single trade amounts to 20% of your equity balance.

Inline with their focus on creating a trading platform suitable for the masses, eToro has a super user friendly platform that combine one click trades, price alerts, automated trading and Islamic friendly accounts to suit a variety of individuals.

Although eToro offers some great advantages over traditional online trading platforms, they do not offer some of the advanced features that expert traders maybe looking for in a platform. For example they do not offer DMA, STP, ECN or VPS services.

They do not offer expert advisor integration, although this is counter balanced with the ability to auto trade by copying an expert trader. They do charge a $5 inactivity if you do not place a trade within 12 months and they do charge for withdrawals and non USD deposits which could be a deterrent to some.

  • Offers tight fixed spreads
  • Has guaranteed stop losses & limit orders
  • No commission on trades
  • Available in 4+ languages
  • Offers price alerts
  • Allows one click trades
  • Allows automated trading
  • Has Islamic friendly accounts
  • Inactivity fee after 12 months inactivity
  • Does not have direct market access
  • Does not allow scalping
  • Does not offer VPS services
  • Has deposit & withdrawal fees

eToro Bonuses & Promotions

$1,000 referral bonus

Ts & Cs apply.Your capital is at risk, losses can exceed deposits. Claim this bonus & start trading
BROKERNOTES TOP PROMOTIONS
*T's & C's apply

Compare brokers similar to eToro

Still not sure which broker’s right for you? Try our FREE Broker Finder Tool here

Financial spread bets and CFD trades are leveraged products, which means you could lose more than your deposits. If you’re hazy on exactly what that means, you shouldn’t trade.