eToro Review

eToro Stocks Ratings at a Glance

***eToro USA LLC and eToro USA Securities Inc.; investing involves risk, including loss of principal; Not a recommendation. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

***Disclosure: eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

eToro presents a comprehensive trading solution with abundant features, a user-friendly interface and diverse asset offerings.  

It provides commission-free trading for U.S. stocks and ETFs, along with cryptocurrencies like Bitcoin, Litecoin and Ethereum.

Global customers can also avail themselves of competitive forex and CFD trading fees.

However, there are non-trading fees, such as withdrawal and conversion fees that may apply to all accounts.

One of eToro's key attractions is its copy-trading functionality, which allows users to replicate the trades of successful investors. This social aspect extends to community engagement through discussions and forums, improving the trading experience. 

The platform supports trading in diverse assets, including cryptocurrencies and stocks for U.S. customers. While crypto trading incurs a 1% fee, eToro offers access to 25 cryptocurrencies. You can also stake cryptocurrencies and earn rewards.

However, CFD trading is unavailable for U.S. residents, but it is available to global customers who can invest in indices, commodities and options.

eToro's user-friendly web and mobile platforms facilitate seamless trading experiences backed by security features like two-step authentication and biometric login options. 

With low minimum trade and deposit amounts, eToro is accessible to all traders. Fractional shares and a lack of commission fees for stock and ETF trades further enhance its low-barrier-to-entry appeal. The platform also offers a free digital wallet for cryptocurrency storage and virtual trading accounts for practice purposes.

Be advised that crypto CFDs and staking are not available to UK customers.

eToro charges different fees and commissions depending on the trading activity and service. High spreads may make the platform less suitable for day trading.

• Trading fees: eToro offers free trading for stocks and ETFs. Forex fees are low and CFD fees are average. All fees are included in the spread, meaning there's no separate commission. For example, the EUR/USD spread is 1.0.

• Deposit fees: There are no deposit fees with eToro. However, you may face high conversion fees if you deposit in a currency other than USD, like EUR or GBP.

• Withdrawal fees: eToro charges a $5 withdrawal fee, with a minimum withdrawal amount of $30.

• Inactivity fees: eToro charges $10 per month after one year of inactivity. Logging into your account counts as an activity.

• Crypto fees: eToro charges a 1% fee for crypto trading on top of the spread. The spread varies depending on the crypto asset. 

The minimum deposit to start trading with eToro is $200 for most countries, $100 for U.S. and $50 for Australian clients. Some payment methods may have higher minimums, such as $500 for bank transfers.

eToro has a limited-time offer for new users: you get $10 when you deposit $100. This offer is valid until Dec. 31, 2024. To claim it, you must sign up, verify your account, make your first deposit of at least $100 and buy any asset you choose. 

eToro's commission and fees are competitive for stock and ETF trading but less attractive for CFD and crypto trading, earning it a 4 out of 5 rating. 

eToro is innovative and user-friendly. Users can access trade mirroring, portfolio viewing, advanced charting tools and other helpful features to implement longer-term or day trading strategies. The mobile app for both iOS and Android has received mostly positive reviews.

Signing up for eToro is fast and convenient and the minimum deposit is reasonable. 

User reviews for eToro are somewhat mixed. While some users commend its platform and features, others express dissatisfaction with its customer service, withdrawal processes and technical issues. Trustpilot rates eToro at 4.2 out of 5 based on over 24,477 reviews. 

eToro customers can contact customer service through email, live chat or submitting a support ticket. WhatsApp and phone support are reserved exclusively for eToro Club members with $5,000 or more equity. Some users have expressed dissatisfaction with slow response times or delays in withdrawals.  

eToro employs robust security measures to protect its users' data and transactions. It uses SSL encryption for all communications, safeguarding sensitive information from unauthorized access or interception.

Before users can deposit or withdraw funds, eToro mandates identity and address verification. This measure helps prevent fraud, money laundering and identity theft.

Regulation is another key aspect of eToro's security framework. The platform is regulated by various authorities across different jurisdictions, ensuring compliance with strict standards for customer protection and operational integrity.

To further protect users' funds, eToro keeps them in separate bank accounts and refrains from using them for operational or investment purposes. This segregation ensures that funds remain available and safeguarded, even in cases of insolvency or bankruptcy.

The eToro mobile app allows investors to access the platform on their smartphones or tablets. While it's virtually the same as the desktop version, some notable differences and limitations exist.

For instance, the app lacks advanced features like ProCharts, which allow users to view multiple charts and indicators simultaneously. Also, it offers fewer cryptocurrencies than the desktop platform and transferring crypto to the eToro wallet or other platforms isn't supported.

Despite these drawbacks, the eToro mobile app boasts a user-friendly interface, a diverse range of assets and unique social and copy trading features. It provides solid functionality for investors seeking to manage their portfolios on the go.

eToro vs Competitors

eToro is not the only trading platform with access to various markets and instruments, advanced charting tools and social features. Competitors such as TradingView, thinkorswim and MetaTrader 4 offer similar features. However, they also differ in areas like fees, the selection of assets, applicable regulations and available customer support. 

Here is a comparison table that shows some of the main features and ratings of eToro and its competitors.

Launched in 2007, eToro is a brokerage that scores 4.5 out of 5 stars for its unique social investing platform, diverse asset selection and low minimum trade amount. One of the key benefits of eToro is its innovative social investing platform, which allows users to copy the trades of successful investors. This feature allows less experienced investors to learn from seasoned professionals and improve their investment strategies.

eToro offers a wide range of cryptocurrencies, stocks and ETFs to trade, along with a free digital wallet for storing cryptocurrencies. The platform's low minimum trade amount of $10 makes it accessible to investors of all levels and the absence of commission fees for stocks and ETF trades is another plus.

However, there are some drawbacks to consider. eToro is unavailable in all U.S. states and doesn't offer direct crypto-to-crypto trading pairs for U.S. users. Generally, users find the platform to be simple and intuitive to use.

For a limited time, you can receive a $10 bonus when you deposit $100 in eToro.

Frequently Asked Questions

Disclaimer:

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. 

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

“[Affiliate] is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.”