Review:Regulation:Min. deposit:Assets:Special:
5 out of 5 stars (5 / 5)CySEC, FCA, ASIC200$1500+Copy trading

eToro is one of the world’s famous brands when it comes to trading but is eToro a good and professional CFD Broker or not? – Find out the truth on this page. With more than 6 years of experience in financial trading, we have tested the provider for difference contracts (CFDs). Read about the trading conditions and the offer for traders. Does it really make sense to invest money with this broker? – Inform yourself transparently through our review.

Risk warning:

eToro is a multi-asset platform that offers equity and cryptocurrency investments as well as CFD asset trading.

CFDs are complex financial instruments. Because of the leverage effect, they carry a high risk of losing money quickly. 75% of private investor accounts lose money when trading CFDs with this provider.

Please be aware of the risks of CFD trading in advance, as high losses cannot be ruled out.

The official homepage of the CFD Broker eToro

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What is eToro? – The broker presented

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 1500 different assets and markets. Since 2017, the range has also been expanded to include the new digital currencies like Bitcoin, Ethereum, and more (cryptocurrencies). The eToro brand is backed by an innovative company that wants to clearly differentiate itself from other providers by inventing the best trading platform.

The broker is internationally active and has accordingly many branches. In Europe, the head office is located in Cyprus and there is another office in Great Britain. Since 2007, the company has had a complete history with many innovations and functions that improve trading for the trader.

eToro is not just an ordinary broker but offers many other opportunities to invest in the financial markets. As a trader, you can, for example, copy other traders or become a signal by yourself. Investing in larger CopyFunds is also very easy. Thanks to the good company data and offers for traders, eToro makes a good first impression on me.

Facts about the company: 

  • Founded in 2007
  • Proven track record till now with many new inventions
  • The most innovative trading platform worldwide
  • Based in Cyprus and other countries
  • Continuous further development and expansion of the product range

(75% of private investor accounts lose when trading CFDs)

Is eToro regulated? – Regulations and safety of customer funds

The regulation of a CFD Broker and the security of client funds is the most important point in online trading, which should be checked before you sign up. Brokers domiciled in the EU are only allowed to offer certain financial products with official regulation. Regulation or licensing is subject to strict criteria and conditions. If a broker violates the rules, there is a risk of immediate loss of the license. Fraud against the trader is therefore almost 100% impossible with European regulated brokers.

eToro is regulated and licensed several times. The CFD Broker has regulations in Europe (CySEC and FCA), Australia (ASIC) and USA (FinCEN). These regulations radiate high trustworthiness to us. Also, the customer money of the traders is well protected. The broker must guarantee separate storage between customer money and company money. European Tier 1 banks are used for this purpose. There is also deposit protection in the unlikely event of corporate insolvency of up to € 20,000 (EU).

Facts about the regulation: 

Review of the conditions for eToro traders

With eToro you can trade over 1500 different assets. These include currencies (forex), commodities, metals, stocks, ETFs, and cryptocurrencies. The assets can be traded either by difference contracts (CFD) or as real value (real stocks). Maximum leverage up to 1:400 (ASIC) international and 1:30 (CySEC) in the EU is available for the CFDs, which can enable a higher profit or loss. It is important to know that there is negative balance protection. So you cannot lose more than your deposit at eToro.

The spreads (trading fees – the difference between purchase and sale price) are very acceptable on eToro. Especially in the cryptocurrency area, the provider is far ahead when it comes to low fees. Currencies (Forex) can be traded from variable 3.0 pips spread. With levered positions holding fees overnight can result which are clearly communicated to the trader.

eToro markets (Indicative prices for illustration purposes)

If you are looking for a broker with a large offer, then you have come to the right place. Another plus point is the social and copy trading function. Talk to other traders in the newsfeed, for example, and exchange your analysis. Other traders can also be copied for free. Find a trader who has been making profits for some time and converts his trader 1 to 1. Various portfolios are also available for investment at eToro. It contains a special selection of assets, which are divided according to risk level.

Conclusion of the conditions for traders:

  • More than 1500 assets and markets
  • Currencies, commodities, metals, stocks, ETFs, and cryptocurrencies
  • Competitive variable spreads
  • Leverage up to 1:400 (ASIC) and 1:30 (CySEC) for European traders
  • A minimum deposit of 200$
  • Negative balance protection
  • CFDs and real assets

(75% of private investor accounts lose when trading CFDs)

Test of the eToro trading platform | Details

In contrast to other providers, eToro can shine with many different special functions. What I particularly noticed is that the trading platform is very user-friendly and easy to use. As a beginner you get along very well here. Also, tools for professional trading and analysis are available.

In the main menu of the trading platform, you have transparent access to all functions. The functionality is really overwhelming and the trading platform is also available for all devices. In the left menu, you can operate the account and make settings. A detailed overview of your investments and the portfolio is very transparent and allows optimal management. In the following points, I will introduce you to the functions of eToro.

Overview of the trading platform (Indicative prices for illustration purposes)

Facts about the trading platform:

  • Available for any device (Mobile app and desktop)
  • One account for real money and virtual trading
  • Userfriendly and easy to use
  • Professional charting solutions
  • Contact other traders and see what they are doing

Choose any market for investing with eToro

The selection of a market or asset is relatively simple. Using the search bar you can, for example, search for a specific market. Under “Markets” there are different categories to which the markets are assigned. This facilitates the selection enormously. eToro provides important information directly in this market selection. You can view the last performance and current prices. In addition, the investment decisions of other traders are displayed.

The Watchlist is a powerful tool for every trader and not every broker offers this feature. Here you can select markets that you find interesting and where you may want to invest later.

Professional analysis and charting available

eToro offers a wide range of analysis tools for trading. Especially the market characteristics stand out (already mentioned above). As a trader, you can get a quick overview. Professional charts are offered for charting. You can take a close look at every market.

No matter if indicators, technical drawing tools or fundamental data of an asset, eToro offers you the necessary functions. Use over 5 different chart displays and more than 50 indicators.

Technical charting and analysis (Indicative prices for illustration purposes)

Facts about charting and analysis:

  • Free indicators
  • Free drawing tools
  • Personally customizable charts
  • Get a detailed asset overview
  • Fundamental data and analysis feed

Review of the social and copy trading by eToro

On the trading platform, you can copy other traders and trade their placed investments automatically. For beginners, this is a very good way to earn money because for making money in the financial markets you need a lot of experience and knowledge. Copy an experienced trader and earn money with his trades. (Warning: No profit is guaranteed)

eToro is the world’s leading social trading platform. View the statistics of professional traders and analyze the risk. You can also follow several traders at the same time and thus differentiate your portfolio. The risk is controlled by you and you choose what you want to invest.

A copy of a successful trader should be carefully considered and analyzed. My tip is this: spread risk over several traders. As a client, you also have the option of having yourself copied. So you can build up a second lucrative income besides trading. For more information, you can read my full review of the eToro copy and social trading. 

Copy Trading (Indicative prices for illustration purposes)

The advantages of copy trading:

  • Friendly for beginners
  • Copy automatically and earn money
  • See the transparent performance of a trader
  • eToro shows you the risk
  • Become a popular investor by yourself
  • Decide by yourself how much you want to invest

(75% of private investor accounts lose when trading CFDs)

Market portfolios for a diversification of investment

The CopyPortfolios are friendly for anyone who wants to build a diversified portfolio. Similar to an ETF, a CopyPortfolio contains several different assets that together form an “Asset”. So if you invest in a CopyPortfolio, the investment is spread over a large number of investments at the same time.

What’s particularly great about eToro is that the risk is displayed automatically. You can also see the composition and performance of the CopyPortfolio in the past.

Etoro market portfolios (Indicative prices for illustration purposes)

The advantages of market portfolios:

  • Friendly for a diverse portfolio
  • Spread the risk through different assets
  • See the latest performance
  • Start investing with a small amount of money in different assets

Real stocks and ETFs without transaction fees

eToro is a progressive CFD Broker that is constantly expanding its offering. In addition to pure CFDs (difference contracts), traders can now also invest in real stocks and ETFs. Worldwide stock exchanges are offered here. Trade German, American and other countries with just a few clicks. For example, over 500 NYSE shares are available. Another investment advantage is that there are no trading fees. The only difference is the market spread.

The market spread can be viewed transparently on the trading platform and is only a few cents high on average. Those who do not wish to specialize in individual stocks can choose an ETF for their investment. An ETF comprises a certain area of equities (similar to CopyPortfolios). Thus, with a small amount of capital, it is possible to participate in the increase in value and the dividends of many shares simultaneously.

Etoro real stock trading (Indicative prices for illustration purposes)

The advantages of the eToro stock broker:

  • Invest in worldwide stocks with only one click
  • ETFs are available
  • Trade as a leveraged position or not
  • Dividends in real time
  • Comprehensive information about the markets

Innovative trading assets – More and more cryptocurrencies to trade

Since the Bitcoin boom, eToro has also made it possible to trade cryptocurrencies (Bitcoin, Ripple, Ethereum, etc.). You can profit from rising and even falling prices on the trading platform.

At eToro, the cryptocurrencies are traded via CFD (difference contract) or via crypto wallet. eToro has had its own crypto exchange since 2019. The advantage here is that you can invest very easily directly in cryptocurrencies. Currently, over 12 coins can be traded at really low commission fees.

Based on my experience and tests, eToro is the right provider for cryptocurrencies because the spreads are very tight. Compared to other providers, the broker is particularly inexpensive and easy to use. CryptoPortfolios are now also available.

Besides the normal coins, you can trade the coins against different currencies. So more than 94 different assets are available for trading. Furthermore, eToro wants to expand the offer in this region for traders in the future. Nowadays eToro is already a known cryptocurrency platform in the USA.

The advantages of crypto trading by eToro:

  • Competitive spreads
  • Competitive commissions
  • Trade long or short trades
  • Userfriendly buying and selling of cryptocurrencies
  • Use CFDs or real cryptocurrencies
  • Use Cryptoportfolios
  • Cryptocurrency exchange eToroX

Which type of support and service is provided by eToro?

eToro offers support for every interested party and customer. For beginners who do not yet have an eToro account, there is only email and ticket support, which is supplemented with a large FAQ. For merchants with an account, there is an additional telephone service and chat service. Each merchant is assigned an account manager. He will probably contact you after opening the account.

If you have any questions about the trading platform, you can be helped very quickly. The account managers are trained to teach the trader all the functions of the trading platform. From my experience, this staff is professionally trained and has the necessary expertise to help you trade successfully.

In summary, the support at eToro is well structured and gives you the opportunity to get help as fast as possible. I did not find anything negative about it. It works fast and professional.

Facts about the support:

  • Support 24/5
  • Phone, chat, email, and ticket support
  • Account manager
  • Well trained support employees
  • Support in different languages (English, India, Russian, German, Thai, and more)

How to deposit and withdrawal with eToro? – Fees and duration

All customer funds are securely protected at eToro. A variety of options are available for your transactions (including PayPal). The minimum deposit is $200 and the minimum payout is $20.

For each withdrawal, eToro charges a fee of 25 USD, which gives a small deduction from my overall rating. But the payouts are always processed fixed (in max. 3 days). In the past there were delays because the CFD Broker was overloaded by the crypto hype.

Payment methods

Facts about the deposit and withdrawal:

  • Minimum deposit 200$
  • Minimum withdrawal 20$
  • Withdrawal fee 25$
  • Regulated deposit and withdrawal
  • Payment methods: PayPal, Credit Card, Skrill, Neteller, Bank wire, WebMoney, Yandex, and more

As experiend traders we checked this broker completely. You can read “here” about our withdrawal proof.

Is eToro legit? – The conclusion of the review for traders

As we showed you in this review eToro is one of the largest brands in CFD trading. The offers of this broker are quite large and innovative. You can start trading any market with a regulated and safe company. Also, the fees are very low for investments. Compared to other CFD Brokers eToro is the number one at the moment.

There are a lot of different functions that are not offered by other brokers. For example, the copy trading section is unique. Beginners and advanced traders should be very satisfied by handling the platform. Overall, for us is eToro the best CFD platform for any trader. If you search for a good provider you should sign up directly.

The advantages of eToro:

  • Regulated and safe company
  • Huge range of markets and assets
  • Innovative  and userfriendly platform
  • Social and copy trading
  • Free demo account
  • Minimum deposit of 200$
  • Competitive spreads and commissions
  • Professional support

eToro is not without reason a popular investment platform. They offer you all the tools you need to trade successfully. 5 out of 5 stars (5 / 5)

Trusted Broker ReviewsExperienced and professional traders since 2013

(75% of private investor accounts lose when trading CFDs)

Read through my other articles to get a closer look on eToro:

Risk warning:

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. 75 % 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.

The information above is not investment advice.

Past performance does not guarantee future results. Trading history presented is less than 5 years and may not suffice as basis for investment decision.