FD

Disclaimer: This information is neither a financial advice nor a recommendation. Do your own research or seek the help of your financial advisor before taking decisions.

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Highlights:
  • Regulated by FCA, ASIC, CySEC
Fees:
  • Low fees broker
Account minimum:
  • Social trading platform

 

67% of retail investor accounts lose money when trading CFDs with this provider. Past performance is not an indication of future results.

Description:

eToro is a well know social trading broker founded in 2007 with over 13 million users worldwide.

They gained their popularity mainly through the social investing platform, an innovative tool which allows users to view each other’s portfolios and auto-copy the trades of other successful investors.

Regulations & Licenses:

EToro is a well know social trading broker founded in 2007 with over 13 million users worldwide.

  • EToro UK Ltd is regulated by the Financial Conduct Authority (FCA) under firm reference number 583263
  • EToro AUS capital Pty Ltd (EToro Australia) is the holder of an Australian Financial Services Licence (AFSL) 491139 issued by the Australian Securities and Investments Commission (ASIC), and regulated under the Corporations Act (Commonwealth)
  • eToro (Europe) Ltd is regulated by the Cyprus Securities & Exchange Commission (CySEC) under license number 109/10

What is CopyTrading?:

TIt’s a feature which allows traders to check other investor’s portfolio performance and copy them.

You can view the performance and risk score of other traders and choose who to copy.

When you decide on a person to copy, you set the amount you are willing to copy that person for.

While copying, you have the option to copy the already opened positions or not, so only the new trades will be automatically copied to your portfolio.

Copying people means that every time these people do a trade, you will automatically mirror the same with the amount you chose to copy with.

 

Find out more about Copy Trading

Products:

EToro offers a wide range of products. Once you open an account, you can start trading the following:

  • Stocks (you own the underlying stock and not a CFD)
  • ETFs
  • CFDs
  • Commodities
  • Currencies
  • Indices
  • Cryptocurrency

Minimum Deposit:

Minimum deposit is $50 which is considered low. The company only allows deposits in USD.

Fees:

EToro offers a wide range of products. Once you open an account, you can start trading the following:

  • eToro offers zero-commission on stocks and ETFs.
  • There is an inactivity fee of $10 every month if you don’t login for one year.
  • There is a withdrawal fee of $5

In terms of fees, EToro is considered a low fee broker.

Customer Service:

Their customer service is quite good with minor delays of responses in some cases. Customer support is available 24/5. No live chat for Dubai users till the moment of writing this review, yet you can login to your account and raise a ticket and they’ll most probably get back to you shortly.

Deposits & Withdrawals:

eToro accepts the following payment methods:

  • Debit / Credit cards
  • Paypal
  • Neteller
  • Skrill
  • Bank Transfer

Education:

eToro has a good education center that offers the following:

  • News, analysis and Daily market view:
    It’s a daily blogs where they write about the market news
  • Podcast:
    You can listen to a different topics related to trading
  • Guide to Fintech:
    It’s a learning center where traders can learn about investing basics. It is mainly useful for the beginner investors
  • Video tutorials:
    Traders can find detailed video tutorials to help them becoming familiar with the platform.
  • eToro trading school:
    eToro has partnered with e-Careers and created a trading course and mentoring program.

Disclaimer:

eToro is a multi-asset platform which offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Cryptocurrencies are a highly volatile unregulated investment product. No EU investor protection.

eToro USA LLC does not offer any CFDs and makes no representations and assumes no liability for the accuracy or completeness of the content of this publication, which was created by our partner using publicly available, non-company-specific information about eToro.

Past performance is not an indication of future results

Highlights:
  • Regulated by FCA, ASIC, CySEC
Fees:
  • Low fees broker
Account minimum:
  • Social trading platform

 

67% of retail investor accounts lose money when trading CFDs with this provider. Past performance is not an indication of future results.

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