Are you considering using eToro for online trading but aren’t sure if it is the right platform for you?
Online trading platforms have grown in popularity in recent years as more people are turning to them as an easy, accessible way to make money. eToro is one such platform, and it is quickly becoming a leader in the industry. Founded by two brothers in 2006, the platform boasts of having ten million users and reducing the complexities of traditional trading.
In this article, I will provide an overview of what makes eToro stand out from its competitors and offer insights on how to get started with the platform. Additionally, this review covers topics such as account opening requirements, customer service standards, tools and resources available, as well as overall safety measures taken by eToro. Thus, this comprehensive guide should help you decide if eToro is suitable for your investing needs.

A Guide To Using Etoro: Top Features and Tips
Are you looking to get into online trading but don’t know where to start? eToro is one of the leading platforms in the industry and this review will provide an overview of what makes it stand out from its competitors. Additionally, this guide covers topics such as account opening requirements, customer service standards, tools and resources available, as well as overall safety measures taken by eToro. Read on to find out if eToro is the right platform for you.
What is Etoro?
Etoro is a leading online trading platform that has become increasingly popular in recent years. Founded by two brothers in 2006, the platform boasts of having ten million users and reducing the complexities of traditional trading. It offers a range of features and tools to help users make informed decisions when it comes to investing.
One of the main advantages of Etoro is its user-friendly interface, which makes it easy for even beginners to get started with online trading. The platform also provides access to a wide range of markets, including stocks, commodities, currencies, indices and more. Additionally, Etoro offers educational resources such as webinars and tutorials to help users learn more about trading strategies and risk management.
When it comes to safety measures, Etoro takes several steps to ensure that users’ funds are secure. This includes using advanced encryption technology and segregating client funds from company funds. Additionally, all transactions are monitored by an independent third-party auditor for added security.
Overall, Etoro is a great option for those looking to get into online trading without having to worry about the complexities associated with traditional trading methods. With its user-friendly interface and comprehensive educational resources , Etoro is a great platform for both beginners and experienced traders.
How eToro works
eToro is a privately held company founded and led by Yoni Assia. It is funded by venture capitalists, including Anthemis Group, BRM Capital, CommerzVentures GmbH, Cubit Investments, MoneyTime Ventures, Ping An and Spark Capital. eToro offers access to over 2,500 stocks, EFTs and fractional shares for non-U.S. investors who can also take advantage of advanced trading features such as margin and leverage.
The CopyTrader feature allows users to replicate the trades of one of the traders in eToro’s Popular Investor program. This makes it a great place to learn about cryptocurrency investing and other types of trading without risking real money. Users get a demo account with $100,000 in virtual funds to practice with before investing real money. eToro provides an opportunity to gain experience before investing real money which makes it an attractive option for new investors looking to get into the world of trading.
Pros
1. User-Friendly Interface: Etoro has a user-friendly interface that makes it easy for even beginners to get started with online trading. The platform also provides access to a wide range of markets, including stocks, commodities, currencies, indices and more.
2. Comprehensive Educational Resources: Etoro offers educational resources such as webinars and tutorials to help users learn more about trading strategies and risk management.
3. Advanced Security Measures: Etoro takes several steps to ensure that users’ funds are secure, including using advanced encryption technology and segregating client funds from company funds.
4. Low Fees: Etoro has some of the lowest fees in the industry, making it an attractive option for those looking to save on trading costs.
5. Variety of Payment Options: Etoro offers a variety of payment options, including credit cards, bank transfers, PayPal and more. This makes it easy for users to deposit and withdraw funds quickly and securely.
6. Social Trading: Etoro also offers a unique social trading feature that allows users to follow experienced traders and copy their trades automatically. This is a great way for beginners to learn from more experienced traders.
Cons
1. Limited Asset Selection: While Etoro offers access to a wide range of markets, the selection of assets is still limited compared to other platforms.
2. No Cryptocurrency Trading: Etoro does not currently offer cryptocurrency trading, which may be a dealbreaker for some users.
3. High Spreads: The spreads on Etoro are higher than on some other platforms, which can increase trading costs.
4. Limited Customer Support: Etoro’s customer support is limited and may not be able to provide the help that some users need.
5. Limited Leverage: Etoro offers limited leverage, which may be a disadvantage for more experienced traders who are looking to take bigger risks.
6.No Demo Account: Etoro does not offer a demo account, which may be a disadvantage for those who want to practice trading before investing real money.
Overall, Etoro is a great platform for those looking to get into online trading without having to worry about the complexities associated with traditional trading methods. With its user-friendly interface, comprehensive educational resources and advanced security measures, Etoro is a great choice for both beginners and experienced traders.
CopyTrader
eToro’s CopyTrader feature is a portfolio management service that allows users to copy the portfolios of other traders on the platform. Users can browse through trader profiles to check their performance, risk score, and other stats. The minimum amount for each trade is $200, with no extra fee but spreads and overnight fees may be applied. Copy trading is regulated by the Cyprus Securities and Exchange Commission.
US clients have access to four Smart Portfolios: CryptoEqual, CryptoPortfolio, Crypto-currency, and TheTIE-LongOnly SmartPortfolio. They can copy up to 100 other users with a minimum of $200 and a maximum of $2,000,000. TheTIE-LongOnly SmartPortfolio has a minimum requirement of $2,000 while the other three require at least $5,000. It is important to note that past performance is not an indication of future results and trading history presented may not suffice as a basis for investment decision.
Free debit card deposits
Making deposits on eToro is a secure and convenient way to invest. The platform offers a variety of deposit options, including bank transfer, credit/debit card, PayPal, Skrill, Neteller, China UnionPay, Klarna/Sofort Banking, Trading 212 and XTB. Bank transfers take 4-7 business days and have no maximum deposit limit; credit/debit cards and electronic wallets are instant but have per transaction limits. eToro charges no deposit fees but may charge currency conversion fees up to 1.4%. Bank transfers incur no fees for USD, EUR, GBP and AUD deposits while other methods may incur a fee of up to 150 pips (approx. 1.40%) for non-USD deposits. Fees vary depending on the currency, ranging from 50 pips (approx. 0.40%) to 100 pips (approx. 1.56%).
Fees overview
eToro is a popular online trading platform that offers a variety of services to both non-U.S. and U.S. investors. Depositing and withdrawing funds on eToro is free for all users, however non-U.S. dollar deposits may incur a conversion fee depending on the currency used. Additionally, an inactivity fee of $10 per month applies to both non-U.S. and U.S investors on eToro regardless of their activity level or account balance.
When it comes to crypto trades, eToro charges a flat fee of 1% for each trade which is charged upfront for the “round trip” of buying and selling the crypto coin. However, if you transfer your coins to an external wallet, you will lose the return spread fee which can be quite costly depending on the amount being transferred out of your account. It’s important to keep this in mind when considering whether or not to use eToro as your crypto trading platform.
Trading fees
eToro is a popular online trading platform that offers a wide range of services, including stocks and ETFs with zero-commission real stock trading and generally low CFD and forex fees. eToro also provides access to over 25 different cryptocurrencies for U.S. investors, and around 75 cryptocurrencies for non-U.S. investors, with a 1% fee to buy or sell them. Cryptocurrencies stored on eToro’s platform are kept in cold storage, with additional user-level protections such as Two-factor authentication (2FA) and account encryption. eToro Money is an external crypto wallet that allows users to move their crypto off the platform, but there are fees involved in moving cryptos around.
Moving funds to the eToro wallet means they cannot be moved back onto the main trading platform.
eToro offerings and features
eToro is an international crypto exchange founded in 2007 that offers a limited selection of 16 cryptocurrencies, making it more accessible to new traders. It features social trading, allowing users to view and study the portfolios and trading patterns of other investors. eToro also offers CopyTrader, a feature that allows users to track and duplicate the trades of another investor. This makes it easier for new traders to get started with cryptocurrency trading without having to learn all the ins and outs of the market. Additionally, eToro provides brackets around their trades such as stop-loss orders, maximum and minimum amounts to trade, etc., which helps protect against runaway results.
U.S. residents can sign up for an eToro account but not all features are available in every state. Crypto trading is not available in New York, Nevada, Hawaii and Minnesota due to regulatory restrictions in those states. Despite this limitation, eToro still provides a great platform for new traders looking to get into the crypto market.
Invest in stocks
Investing in stocks can be a great way to grow your wealth over time. With eToro, you can invest in over 2,700 stocks and ETFs with as little as £41 ($50). If you’re not sure which assets to choose, ready-made ‘Smart Portfolios’ are available to help you get started. Alternatively, you can trade contracts for differences (CFDs) on eToro, but this is complex and risky – 68% of retail investor accounts lose money when trading CFDs with eToro.
When investing in stocks, it’s important to consider your goals and risk profile. An asset allocation calculator can help you determine the right mix of investments for your portfolio. Additionally, if you’re considering investing in highly speculative assets like cryptocurrencies, it may be wise to work with a financial advisor who can provide guidance and advice. SmartAsset’s free tool can help you find the right financial advisor for your needs.
Invest in crypto assets
Investing in crypto assets is becoming increasingly popular as a way to diversify one’s portfolio and potentially earn returns. eToro provides an easy and secure platform for users to buy and sell over 60 different crypto assets, including Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin(DOGE), EOS, Ethereum (ETH), EthereumClassic (ETC), Litecoin (LTC), NEO, Stellar Lumens (XLM) and Uniswap. eToro also offers its own crypto wallet for users to store their tokens.
Methods of trading and owning cryptocurrencies include Crypto CFDs, Spot crypto, Crypto exchange (eToroX) and Crypto wallet. It is important to note that cryptocurrency prices can fluctuate widely and are not supervised by any EU regulatory framework; therefore investors are not eligible for any investor protection. Additionally, cryptocurrencies are highly volatile and unregulated in the UK, with no consumer protection. Tax on profits may apply. US residents are not eligible to use eToro.
Smart Portfolios
Smart Portfolios are a great way to diversify your investments and manage risk. By bundling together different assets, such as stocks, cryptocurrencies, ETFs, and even people, you can create a portfolio that is tailored to your specific goals and risk profile. The minimum amount required to invest in Thematic Market and Partner Portfolios is $500, while for Top Trader Portfolios the minimum is $5,000. eToro also checks your financial knowledge to ensure that Smart Portfolios are right for you.
It’s important to consider working with a financial advisor when investing in Smart Portfolios. A financial advisor can help you determine how much of your portfolio should be devoted to highly speculative assets like cryptocurrencies. Additionally, an asset allocation calculator can help you ensure that your investments fit your goals and risk profile. SmartAsset’s free tool can match you with up to three financial advisors in your area for interviews at no cost. With the right advice and guidance, Smart Portfolios can be a great way to diversify your investments and manage risk.
Social investing community
eToro is a social investing community that provides users with the opportunity to connect and discuss news and strategies. It offers a total of 3458 tradeable symbols, including 49 forex pairs, U.S. and international stocks without CFDs, and the ability to buy and sell cryptocurrencies both through CFDs and directly from the underlying asset. eToro also provides social trading/copy trading features as well as regular blogs and personalized alerts to keep track of the market.
The platform has a social media-like news feed for investors to share information, allowing them to stay up-to-date on the latest trends in the market. However, cryptocurrency trading is not available in Russia or to retail traders from any broker’s U.K. entity, nor to residents of the U.K. or the Netherlands (except for Professional clients). With its comprehensive range of features, eToro is an ideal platform for those looking to get involved in social investing and make informed decisions .
Education
eToro is a great platform for those looking to learn more about trading. It offers an online trading academy with videos and articles organized by category and experience level, as well as extra details for beginners next to each symbol available within its platform. eToro also has a decent number of videos on its YouTube channel, including archived webinars and market analysis. Additionally, it provides a demo account to practice trading without any risk.
The eToro Academy provides educational resources such as written guides, videos, webinars and podcasts. The content discussed is intended for educational purposes only and should not be considered investment advice. With the help of these resources, users can gain knowledge about different aspects of trading such as technical analysis, fundamental analysis, risk management and more. This makes it easier for users to make informed decisions when investing in the markets.
eToro club
eToro Club is a membership program for users who have made at least £3,833 ($5,000) profit from sold assets. This exclusive club offers members personalized investment guidance, free webinars and access to subscription services such as The Wall Street Journal. Those with $25,000 or more invested receive additional perks such as priority customer service and a dedicated account manager.
The eToro Club is designed to reward users who have achieved success in their investments. It provides members with the tools and resources they need to continue growing their portfolios. With access to live webinars and early access to new products and services, members can stay ahead of the curve when it comes to investing in crypto assets or cash holdings. The Wall Street Journal subscription is an added bonus that helps members stay informed about the latest market trends and news.
Mobile apps
The eToro mobile app is a great way to invest from an Android or iOS device. It maintains the look and feel of the web version, including useful functions such as dark and light mode themes, and synced watchlists. Charting on the app is responsive with five indicators present, though drawing tools are missing from the app entirely. Mobile alerts are available, but there is no support for draw trendlines or multiple time frames, nor a forex calendar.
In addition to the eToro app, eToro Money Wallet is also available for download on Android and iOS devices. This separate mobile app allows users to deposit and withdraw money and cryptocurrencies. Crypto assets purchased through the platform can be stored or transferred using this wallet app. The eToro mobile app includes support for social trading, watchlists, and charting with 66 indicators/studies and 13 drawing tools. With these two apps combined, users have access to all of the features they need to manage their investments on the go.
Security
eToro takes security seriously, and has implemented a number of measures to ensure the safety of its customers’ funds and personal information. All funds are held in a regulated bank account separate from company money, and are held in trust for the customer. Personal information is secured using SSL encryption to protect data from interception. Additionally, two-factor authentication can be enabled for an added layer of security when logging in.
For clients in the UK, eToro (UK) Limited is protected by the FCA and eligible for eToro’s private insurance of £/$/€ 1,000,000. Other countries are protected by CySEC with €20,000 + €1,000,000. Negative balance protection is available for retail clients from the European Union and Australia. eToro also provides up to £85,000 + £1,000,000 in investor protection for clients in the UK, $1,000,000 for clients in Australia and €20 ,000 + €1,000,000 for clients in the European Union.
What could be improved
Crypto Charity feels that eToro is a great platform for those who want to invest in top cryptocurrencies alongside equities and manage all their assets in one place. However, it offers a limited selection of cryptocurrencies compared to other major U.S.-based exchanges, with U.S. investors able to access around 25 different cryptos while non-U.S. investors can access around 75. This could be improved by expanding the range of available cryptos so that users have more choices when investing in digital currencies.
Robinhood and Coinbase are two other popular platforms for cryptocurrency trading, both offering different advantages over eToro. Robinhood offers trading in stocks and options, including fractional shares, as well as 10+ cryptocurrencies with no transaction fees, making it an attractive option for those looking to save on costs. Meanwhile Coinbase offers hundreds of different cryptocurrencies and has an excellent platform for advanced investors, but has a complex (and often expensive) fee structure which could be improved upon if they were to simplify their fees.
Fees could be lower
The eToro platform charges a 1% fee on crypto transactions plus a spread, which is lower than some of its competitors. This makes it an attractive option for those looking to invest in digital currencies. Additionally, eToro does not charge any fees for deposits or withdrawals by U.S. and non-U.S. investors, although there is a conversion fee for non-U.S. dollar deposits that varies depending on the currency used. Unfortunately, eToro does charge an inactivity fee of $10 per month for accounts that have been inactive for more than one year, which can be quite costly over time if you are not actively trading on the platform.
Overall, eToro offers competitive fees compared to other crypto platforms and provides users with access to a wide range of digital assets and features such as copy trading and social trading tools. While there are some fees associated with the platform, they are generally lower than those of its competitors. However, eToro could still improve by lowering its fees and simplifying its fee structure to make it more attractive to investors.
Not available in all U.S. states
Unfortunately, residents of Hawaii, Minnesota, Nevada, and New York cannot currently buy and sell crypto on eToro’s platform due to state-level restrictions. However, eToro plans to eventually have 50-state availability so that all U.S. residents can take advantage of their services.
Wealthfront Investing is another popular online trading platform for stocks and funds in the United States. However, there are geographic restrictions in place for US traders in certain states and territories such as New York, Minnesota, Nevada, Northern Marianas, Puerto Rico, Tennessee, Hawaii, Guam, American Samoa, US Armed Forces (Americas), and US Armed Forces (Europe and US Virgin Islands). This means that individuals living in these areas may not be able to access Wealthfront Investing’s services at this time. It is important for investors to be aware of any restrictions that may be in place before investing.
eToro is right for you if:
We think that eToro is a great platform for those looking to invest in cryptocurrencies, stocks, and ETFs. It offers a wide range of features that make it easy to get started and stay informed about the markets. For example, its social trading feature allows users to copy the moves of successful traders, giving them access to experienced investors’ strategies. Additionally, eToro is available in certain states and provides US investors with three options: trade on their own, use eToro’s CopyTrader wallet storage, and debit card support. The platform also has an app available on iOS and Android devices as well as desktop computers.
Overall, eToro is an excellent choice for those who want to buy or sell cryptocurrencies without having to worry about the complexities of trading on their own. The platform provides users with a variety of tools that make it easier to stay up-to-date with the markets and make informed decisions when investing. Furthermore, its social trading feature gives users access to experienced investors’ strategies, allowing them to benefit from the wisdom of the crowd.

Crypto Charity’s Verdict on EToro
eToro is a great platform for those looking to invest in cryptocurrencies, stocks, and ETFs. It offers competitive fees compared to other crypto platforms and provides users with access to a wide range of digital assets and features such as copy trading and social trading tools. While there are some fees associated with the platform, they are generally lower than those of its competitors. Additionally, eToro is available in certain states and provides US investors.