eToro Review: The Platform Pioneering Social Trading

9-minute read.

Are you looking for an easy-to-use platform for trading stocks and ETFs, currencies, or other financial instruments?

The eToro web platform and mobile app offer a wide range of features and trading tools designed to make investing easier.

With its intuitive user interface and social trading component, eToro has become one of the most popular brokerage platforms among both novice and experienced traders alike, with over 30 million eToro users worldwide.

I've had an eToro account since 2020, which I use to trade stocks and crypto assets. This eToro review will take an in-depth look at all the elements that make the eToro trading platform stand out from other online brokers.

The banner ads and some links in this blog post are affiliate links. This means that, if you click on a link and join, I may receive a referral commission at no extra cost to you. All opinions remain my own and each company featured is individually selected.

 

Review of eToro account: pros & cons

eToro is a multi-asset platform that offers investing in stocks and ETFs, cryptocurrency trading, as well as trading CFD assets.

The trading platform is user-friendly and allows users to manage their portfolios from anywhere in the world. Additionally, it offers a variety of tools to help traders identify trends in the markets and analyze data points. Here is a summary of what eToro offers:

Competitive fee offerings No management fees and 0% commission on stocks*.	FX fees Conversion fees apply on non-USD deposits and withdrawals.
3,200 instruments eToro is a multi-asset platform offering stocks, cryptos, commodities, indices, and more.	$5 fee for withdrawals eToro charges a fixed fee for withdrawals. The minimum withdrawal amount is $30.
Price alerts  Get a notification whenever an asset on your watchlist displays volatility.	$10 monthly inactivity fee After 12 months with no login activity, an inactivity fee will be charged.
Risk management tools  Stop-loss and Take Profit can protect from further losses or lock-in profit.	1% fee for buying or selling crypto The 1% fee is added to the market price (Bid-Ask spread).
TradingView + ProCharts Designed for in-depth technical analysis and dark mode.	$50 minimum deposit All deposits other than the First Time Deposit are required to be at least $50.

With innovative investment tools and a collaborative trading community, the eToro platform empowers millions of users in over 140 countries to trade and invest simply and transparently. Sign up

Your capital is at risk. *Other trading fees may apply. For more information, visit etoro.com/trading/fees.

Invest in stocks, ETFs, crypto trading, and more

eToro customers can invest in a variety of asset classes, suited to most investing strategies. These include:

Stocks

Most investing beginners would start with stock and ETF; the eToro web platform and mobile app give you access to over 3,000 stocks from 17 exchanges around the world including the US, UK, Japan, Hong Kong, Germany, and more.

With commission-free trading and low minimum deposits, stock investing becomes something everyone can do.

You can also invest in fractional shares, thanks to a low minimum trade of just $10. Purchasing fractional shares is a great move for new investors. Check out Fractional Share: What It Is, Why It Matters, and How To Invest In It.

From technology to healthcare, New York to Hong Kong, eToro users gain real-time access to stocks from top exchanges worldwide. Fill your portfolio with a large variety of leading global stocks, commission-free.

Start trading and Register Now

Your capital is at risk. Other trading fees may apply. For more information, visit etoro.com/trading/fees.

ETFs

Exchange-traded funds (ETFs) have been rising in popularity with traders and investors due to their straightforward, cost-effective approach to gaining exposure to an array of assets like stocks, bonds, commodities, and real estate. ETF trading is simple yet transparent, making it a great choice for savvy financiers.

eToro offers over 300 ETFs such as the SPDR S&P500 ETF, ARK Innovation ETF, Vanguard Real Estate ETF, or iShares Semiconductor ETF - all at 0% commission* as well as low minimum investments.

Diversify your exposure, buy and sell stocks and ETFs with eToro platforms today.

Your capital is at risk. Other fees may apply. For more information, visit etoro.com/trading/fees. *Zero commission on ETFs is only available to clients of eToro (Europe) Ltd., eToro (UK) Ltd., and eToro AUS Capital Limited and does not apply to short or leveraged trades. 

Crypto

Trading cryptocurrency is available on eToro's innovative platform. You can invest in 73 crypto assets such as leading cryptocurrencies Bitcoin, Ethereum, Cardano, Bitcoin Cash, and more.

eToro provides crypto traders, from beginners to experts, with a comprehensive crypto trading experience, using innovative tools that you won’t find with eToro competitors. For Crypto IRA, see our BitcoinIRA.com Review

eToro Crypto offers the ultimate crypto solution: trading platform, wallet, and crypto exchanges all in one, with the security of a regulated fintech leader that you can trust.

Few online brokers offer a crypto staking service. With eToro's advanced trading features, users who possess supported cryptoassets get rewarded simply by storing them - a process known as staking.

Buy cryptocurrency without deposit fees via a wide variety of payment options. See All Cryptos.

Crypto assets are highly volatile and unregulated in some EU countries, the UK, and Australia.
No consumer protection. Capital at risk. Tax on profits may apply. Crypto trading is offered by eToro USA LLC.

Commodities

Retail traders can buy and sell 26 commodities such as gold, oil, corn, cotton, or cocoa.

Unlock remarkable chances in premier resource markets with just a single click. With variable leverage and deep liquidity, CFD trading in commodities gives you the freedom to choose an investment amount without being confined to units of measurement such as barrels or ounces.

Take advantage of this effortless approach today! Download the eToro mobile app to get started.

81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Currencies

Take advantage of the world's largest and most active financial market - the foreign exchange (FX) - with up to 1:30 leverage on major USD pairs, or up to an even higher 1:400 as a Professional Client.

Forex trading on eToro's platform opens up 49 currencies. Go long or short on currencies. Trade now.

81% of retail investor account lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Indices

Take advantage of the changing market trends across all stock exchanges globally. The eToro network has 20 indices - a great opportunity to invest in the overall movement of the stock market while giving you full control over your investments through their flexible nature.

Expand exposure with indices when you open an account.

81% of retail CFD accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

 

With eToro's wide range of investment assets available for trading, users have plenty of options for diversifying their portfolios across various markets and asset classes. Compare eToro competitors, select your assets with our model portfolio.

eToro platform and mobile trading app

On eToro, you can trade and invest in the world’s most popular markets, and the most desirable assets. Access both traditional and innovative financial markets across the globe.

The eToro app has all the tools you need to become an investor. The mobile app is available on the App Store and Google Play.

Options trading platform

Additionally, the eToro options app lets you experience the exciting world of options trading, on a simplified and curated mobile app.

Explore, understand, and trade in real-time from your pocket with an incentive-based reward system for active traders.

You can also check this eBook for a step by step guide to 0 DTE SPX trades.

Practice trading

Try out all of the features on eToro’s virtual trading option. This allows you to get to know eToro with a demo account, loaded with $100K in virtual funds, learn about the markets, and hone your investing skills at your own pace, with zero risk. Then, when you’re ready, you can easily switch from virtual trading to real investing.

Learn how to invest your money wisely with our top investing resources.

The eToro community: social trading

eToro is the world’s leading social trading network, by pioneering social features and making the financial market more friendly and accessible to almost anyone around the world.

Copy trading

With copy trading, you invest in stocks and ETFs by replicating the investment moves of other traders in real-time, automatically.

Copy trading allows you to leverage the expertise of eToro’s top investors, see their trading history presented, and buy the assets they buy for themselves. The minimum amount required to copy trading an investor is $200.

Popular investor program

eToro's popular investor program allows you to earn additional income, perks, and rewards when you are copied by other eToro users (see copy trading).

Whilst there are requirements to be accepted into the scheme, there is a broad range of popular investors, from financial trading technology developer to fund managers.

eToro offers 1.5% of assets under copy, paid out monthly. There are 4 popular investor program tiers: Cadet, Champion, Elite, and Elite pro.

The social news feed

eToro has an unparalleled, personalized News Feed that combines the best of social media and trading. With your personalized News Feed, you can stay up-to-date with financial instruments and traders you're interested in while connecting to other members of the eToro community via open discussion boards.

Your eToro profile

To become visible in the eToro community and gain copiers, it is essential to have a verified account with an accompanying profile picture.

Introduce yourself by writing something about your trading habits on your profile page; this will enable others to get a better understanding of you as an investor or trader.

The collective wisdom of millions of investors is at your fingertips. Learn, share your experience, and join the conversation.

Your capital is at risk. Other fees may apply. For more information, visit etoro.com/trading/fees.

eToro trading platform: Smart portfolios

Embrace a smart and innovative approach to personal investing with eToro’s ready-made diversified portfolios.

eToro's Smart Portfolios are truly revolutionary, long-term investment plans. Each fund is tailored to a distinct investment strategy and offers investors an efficient way of taking advantage of modern markets without having to pay hefty portfolio management fees.

With these highly diversified portfolios, you can confidently venture into the financial markets and seize global trends!

Smart portfolios require $500 for the initial investment. Examples include Dividends Growth (dividend income stocks), Driverless (EVs and autonomous cars), Latam (Latin America Economy), Metaverse Life (invest in virtual worlds), DeFi (decentralized finance), or AI-Revolution Smart Portfolio.

So, why wait? Take the first step towards investing in the future today.

Your capital is at risk.

eToro Club

Take your eToro journey to the next level with personalized service and exclusive premium perks. eToro Club members are divided into five tiers, based on their invested balance (Silver starts at $5,000 invested on the platform).

Benefits offered to eToro Club members vary from a dedicated account manager, the Wall Street Journal subscription, tickets to handpicked sporting events, interest on balance, portfolio management service, lower fees, and other eToro wallet discounts.

eToro Academy

eToro operates its resources center with free guides, podcasts, webinars, and videos, giving you everything you need to learn how to be successful in trading and investing.

eToro offers training on stock and ETF basics, crypto 101, fractional shares, or trading strategies for instance.

We've compiled our very own list of the Best Personal Finance Podcasts to Listen To.

 

eToro Money

An optional feature is the eToro Money account, which connects seamlessly with your eToro investment account, so you can enjoy free and instant deposits with no conversion fees, and instant withdrawals. The eToro wallet is free, with no subscription or hidden costs.

Is eToro good for beginners?

Yes, eToro is great for beginners, specifically designed to make investing simple and intuitive.

Additionally, eToro offers many educational resources such as webinars and podcasts to help new users learn the basics of stock and ETF trading as well as cryptocurrency investing.

The social news feed also helps inexperienced traders connect with other experienced traders in the community to get advice or even copy their trades.

Furthermore, eToro's Smart Portfolios offer a great way for new investors to take advantage of ready-made portfolios - making it an all-rounded package for any beginner investor!

Is eToro legit in the USA?

Created in 2007, the eToro trustworthy platform is regulated by the FCA, ASIC, and CySec, and your funds are protected by industry-leading security protocols.

US brokerage services (this does not include crypto) are provided by eToro USA Securities Inc, a broker-dealer registered with the Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC). Your cash holdings are FDIC insured for up to $250,000 and held at FDIC-insured banks. Crypto trading is offered by eToro USA LLC.

eToro review: should you join?

All in all, eToro is an innovative trading platform and offers one of the most complete brokerage packages.

eToro is great for those looking to get into stock market trading or refine their existing skill set. It offers an easy-to-use interface along with a variety of helpful tools that make it suitable for both beginners and experienced traders alike.

Furthermore, its low transaction fees and the ability to copy other traders make it an attractive option.

So if you are considering stock market investing for the first time, or you are an established investor looking to earn money from your knowledge and experience, eToro may be the account you need!

More on stock trading with Control All Finances

As you continue to navigate the world of stock market investing, it's essential to expand your knowledge base and stay informed about trading strategies, market cap, and key insights to optimize your portfolio.

Our comprehensive collection of articles serves as an exceptional resource for both novice and seasoned investors who seek guidance on financial market dynamics, investment opportunities, and wealth management:

• Why the Stock Market Should Be On Your Radar: A Guide For First-Time Investors

• Top 5 Reasons to Start Investing Today

• Fractional Share: What It Is, Why It Matters, and How To Invest In It

• What Is an Investment Portfolio and How To Build a Good One?

• Acorns Review: This micro-investing app offers an approachable platform for beginners

• What are Alternative Investments?

Take control of your financial future by exploring our blog posts and embracing the journey toward a more prosperous and secure tomorrow!

eToro (Europe) Ltd is authorised and regulated by the Cyprus Securities Exchange Commission (CySEC) as a Cyprus Investment Firm under Licence No. 109/10 and with registered office at 4 Profiti Ilia Germasogeia, Kanika Business Centre, 7th floor, 4046, Limassol, Cyprus.

eToro Money Malta Ltd is authorised and regulated by the Malta Financial Services Authority (MFSA) for the provision of electronic money and payment services under MBR Registration Code C 97952 and with registered address at 52, St. Christopher Street, 1462, Valeta, VLT 1462, Malta. The wallet is provided by eToroX Limited ('eToroX'), a limited liability company incorporated in Gibraltar.

eToroX Ltd is authorised and regulated by the Gibraltar Financial Services Commission as a distributed ledger technology provider, with Financial Services Commission No. 1333B. Registered in Gibraltar under Company No. 116348. Registered Office: 57/63 Line Wall Road, Gibraltar.

eToro (EU) Ltd is listed in De Nederlandsche Bank N.V. (DNB)’s public register as a crypto service provider. DNB supervises eToro (EU) Ltd’s compliance with the Anti-Money Laundering and Anti-Terrorist Financing Act and the Sanctions Act 1977. The crypto services of eToro EU Ltd are not subject to the prudential supervision by DNB or conduct supervision of the AFM. This means that financial operational risks in respect of crypto services are not monitored and there is no specific financial consumer protection.

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

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor account lose money when trading CFD 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.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. Crypto assets are offered through eToro USA lcc, which is not a registered Broker-Dealer, not registered with the SEC, and not a member of FINRA or SIPC.

This article, and any content on this website, should not be taken as investment advice, personal recommendation, an offer of, or a solicitation to buy or sell any financial instruments. Any references to past or future performances of a financial instrument, index, or packaged investment product are not, and should not be taken as a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared utilizing publicly available information.