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
