Etoro info
eToro is primarily known as a social trading platform, but it also has a CySEC licence (eToro Europe Ltd), 109/10) for brokerage services. eToro UK is licensed by the FCA (7973792). eToro is a global social trading powerhouse that operates with 4.5 million clients from over 170 countries. The size of their customer base also ensures that when it comes to social trading, traders have the deepest pool of amazing talents to copy trades from. Along with simple copy trading, etoro offers auto trading by following other trader’s steps daily. Along with social trading features, eToro also has so called CopyPortfolio, focusing on longer term than just on day-to-day trading. To read more about their services and trading conditions, read the rest of our eToro review.
eToro is a multi-asset platform which offers CFD and non CFD products.
75% 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.
eToro Copy Trading
So imagine you are just starting to trade. You don’t know much about markets and finance. Generally, putting money on financial markets may not be the best choice for you. Especially leveraged products are dangerous for someone who does not understand the risks. But what if you could take a peek at what other traders, the ones with more experience are doing? Well this is what eToro enables you to do, and much more. With eToro social trading platform, traders can see the trading statistics of other traders. They can even see their trades…and they can choose to copy their trades! So if for any reason you are not able to place trades on your own, you can find someone who does it better, or faster or with more success and copy those trades from that person.
Traders who want to trade for themselves can do so with eToro, their platform is not just created for social trading – read more about it in the Software section of our eToro review.
Trading conditions with eToro are on par with the average broker in the industry. Traders who prefer trading Forex will be able to enjoy leverage from up to 1:30 while the max leverage for other assets is listed below:
- stocks: up to 1:10
- ETFs: up to 1:5
- Commodities: up to 1:30
- Cryptocurrencies: no leverage
The minimum deposit to begin trading with eToro is $200.
eToro Demo Account
All features of eToro can be tested in a demo account with $100,000 in virtual money. The demo account is not immediately offered, however, when you register with etoro, you get ccess to the platform immediately. There, under the profile info in the top left corner is a small switch where one can select “real portfolio” or “virtual portfolio”. Real portfolio is default, however, once its changed to “virtual” the access to the demo with virtual $100,000 is granted and it is easily to switch back any time – even run bot accounts one with another.
eToro Real Stocks Trading [April 2018 update]
From May 2018 eToro traders can actually trade real stocks instead of just betting on price outcomes via CFD contracts. This feature is not available in all countries and will mostly be available to EU countries. Nonetheless, no other FFB tested broker has this feature and this makes eToro even more special.
eToro US Real Crypto Trading [March 2019 update]
eToro has finally announced that they will be launching in the United States, offering real crypto trading to 33 US states. This means that, similar to real stock trading mentioned above, US traders will be able to trade real cryptocurrencies and not just crypto CFDs. The leading social trading broker also announced they will be adding a digital asset wallet where traders can send, receive and store cryptocurrencies on the eToro platform.
The minimum deposit to begin trading with eToro for US traders is $50. eToro is available in following US states:
Utah, Pennsylvania, Massachusetts, Indiana, Wisconsin, Missouri, Maryland, Michigan, Colorado, N. Jersey, Arizona, Virginia, Washington, South Carolina, Georgia, Ohio, Iowa, Mississippi, Alaska, New Mexico, North Dakota, South Dakota, Arkansas, Maine, Oklahoma, Rhode Island, Kentucky, Montana, Northern Marianas, US Minor Is., Wyoming, California, Vermont
eToro Forex Trading Platform
eToro has developed their own platform that is used by all their customers. This platform enables several ways of handling one’s portfolios, with the centre being the copy trading function. As mentioned before, traders can either trade for themselves, copy or use one of the copyportfolio.
eToro Trading – Auto Copy People with the CopyTrader
When logging into eToro, on the side, one needs to select “Copy People” to see the lists of best traders or top trending traders one can copy trades from. The interface will offer important statistics as overall return he has managed to achieve in the last 12 months. Als ot he number of other people using them will be included (number of copiers) and the change in copiers in the last 7 days. There is also a risk indicator. Clicking on the trader will present even more data like return through time, asset allocation of her portfolio, most successful assets and more.
You can add each to your watch list or click on the trader and then hit copy to start copying her trades. Before copy trading starts, amount that will be allocated to that trader must be decided. The interface will also show the value of traders average trade and also let trader choose a cutoff value after which the system will stop automatically copying.
eToro Trade Markets
eToro Trade Markets function is basically the interface for manual trading. Its nice and playfull as is the copy trading but we did not find it very functional. While regular brokers offer MT4 or similar platforms with many charting tools, etoro trading function is lacking those. Small benefit is the asset news feed where newest info and recommendations are displayed, but overall, its better for an occasional trade, definitely not day to day trading.
eToro CopyPortfolio
eToro CopyPortfolio are instruments that can be traded as any other. The idea is to bound together potential of best traders on the platform and create a vehicle that will generate returns in long term by being constantly calibrated for optimum performance. Since it is diversified it carries less risk than trading individual assets. There are market CopyPortfolio, TopTrader CopyPortfolio, PartnerCopyPortfolio… so take your picl
Popular Investor Program
In case you are an experienced trader, then you can offer your services to others over eToro – others can copy you and you can earn spred rebates and percentage of assets you are managing for others.
Traders might find useful to know how the stats on eToro are calculated. There are 5 factors that are taken into concern:
- Performance
- Risk
- Copiers (number of people following the trader)
- Trading (trading history and style of the copied trader)
- Additional info (number of trades, longevity of the account etc.)
eToro Assets
Assets that can be traded on eToro platform are indices, currencies, commodities, stocks, ETFs. There are about
- 45 currency pairs,
- 12 indices
- 7 commodities
- 950 equities
Etoro Cryptocurrency Exchange and Trading
Cryptocurrencies available on eToro are:
- Bitcoin,
- Dash,
- Ethereum,
- Litecoin,
- Ripple and
- Ethereum Classic.
The amazing thing about eToro is that customers actually own the cryptocurrency when they go long instead of just trading it as an underlying asset with a CFDs! This means that eToro does not offer leveraged cryptocurrencies trading based on derivatives, but true exchange and trading opportunity.
To find out more about the difference between cryptocurrencies trading and exchanges, read our cryptocurrencies guide.
Other than the webtrader, eToro also includes iOS and Android app.
eToro is a multi-asset platform which offers CFD and non CFD products.
75% 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.
eToro Customer Service
Etoro has a very good FAQ and this is where most traders should start in case they have questions. In case they still cannot fix their issue, there is a very convenient live chat window in the bottom left corner of the website. The support is available 24/5. In total the website is translated into 10 languages:
- German
- Italian
- Spanish
- French
- Russian
- Chinese
- Polish
- Arabic
- Dutch
eToro is a multi-asset platform which offers CFD and non CFD products.
75% 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.
eToro Minimum Deposit
Depositing on eToro
eToro offers many options to deposit. The minimum deposit is only $200 which is more than other brokers require.
Deposit can be made with:
- MasterCard
- Maestro
- Visa
- Diners
- PayPal
- bank wire
- UnionPay
- Skrill
- Neteller
Deposit button is placed on the bottom of the menu on the left side of the trading interface. The entire process is very simple to do, as obligatory fields show up in pop-up form. It is important to keep in mind that some methods, like bank wire, are slower than others, like e-wallets.