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eToro Review

eToro Review

Andrew Chen
Fact Checked
Dec 25, 2022

**Below content does not apply to US users. eToro USA LCC does not offer CFDs, only real Crypto assets available.

Our Summary: eToro is the world's largest multi-asset broker boast over 18 million users across 140 different countries. Their platform is widely regarded for offering the widest variety of available markets including over 8,000 stocks, ETFs, commodities and cryptocurrencies.  

eToro's innovative CopyTrader system is one of the standout features allowing users to view and copy the real-time trades of other successful traders in their network. For those looking for a more hands-off approach, eToro's Portfolio Builder is perfect as it automatically rebalances your portfolio according to your chosen risk profile.

Table of Contents

eToro Platform Review

Platform Highlights

  • 8,000+ Stocks, Cryptos, Commodities, ETFs & More.
  • Globally licensed trading platform the FCA & ESMA.
  • Low trading fees and tight spreads on all assets.
eToro Review (US Links)
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Audited Proof of Reserves
Audited Proof of Reserves
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What is eToro?

eToro is a social trading and investing platform that allows users to trade thousands of traditional assets, including cryptocurrencies. eToro also offers features like copy trading, which allows users to copy the trades of professional traders that use the platform.

eToro was founded in 2007 by brothers Yoni and Ronen Assia, and their friend David Ring. eToro is headquartered in Tel Aviv, Israel. The platform has over 18 million registered users from 140 countries. eToro offers services in 32 languages.

eToro offers a variety of features to its users, including:

  • Social trading: eToro is a social trading platform, which means that users can copy the trades of other eToro users. eToro also allows users to interact with each other on the platform through a variety of features, such as the eToro Wall and eToro forums.
  • Cryptocurrencies: eToro was one of the first brokers to offer cryptocurrency trading. eToro offers a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more. eToro also offers crypto wallets for storing cryptocurrencies.
  • Copy trading: eToro's copy trading feature allows users to copy the trades of other eToro users. eToro offers a variety of tools to help users find the best traders to copy.
  • eToro Wallet: eToro offers a cryptocurrency wallet for storing cryptocurrencies. The eToro wallet is available for Android and iOS devices.
  • eToro Staking: Earn interest on crypto deposits with eToro's staking feature for Ethereum (ETH), Tron (TRX), Cardano (ADA) and other proof-of-stake tokens.

eToro Fees

They do not currently charge any commissions on stocks, instead eToro makes its money from the spreads, which is the difference between the buy and sell price of an asset. Spreads can vary depending on the asset being traded and the market conditions. In normal conditions, the spread between eToro's buy and sell price is usually within 50bps (0.5%), which is considered low-average.

However, they do charge a 1% fee on cryptocurrency trades, this is considered relatively low compared to other US exchanges like Coinbase which charge 3.5%. All deposits are free on eToro and withdrawals are subject to a $5USD administration fee.

eToro Fees Schedule
eToro Fees Schedule.

Supported Assets on eToro: Crypto, Stocks & more

eToro offers over 1,000 assets to invest in including cryptocurrencies, indices, stocks, ETFs, commodities and fiat currencies. It is the largest multi-asset brokerage globally and is the only centralized cryptocurrency exchange to offer both traditional and non-traditional financial products.

The platform currently supports trading on over 50 different cryptocurrencies including Bitcoin, Ethereum, Litecoin, Cardano and more. It also offers trading on 50 fiat currency pairs, 15 indices, 264 ETFs, 32 commodities, and 2257 stocks. Users can to trade Currencies and Forex with up to 10x leverage to long or short different assets.

Discover Page on eToro
Discover Page on eToro.

Is eToro Safe?

eToro is regulated in a number of countries including the UK, Cyprus, Australia, and more. It is widely regarded to being one of the safest and secure cryptocurrency/digital asset trading platforms in the world.

The platform has been around since 2007, which highlights that it is battle-tested, secure and in a good relationship with global financial regulators. It has never been subjected to a hacking incident or any cyber attacks. All of eToros users' funds are stored offline in cold storage and are insured by tier 1 banks.


How to Buy Bitcoin with eToro

If you are already signed up to the eToro platform and need help investing on the platform, you can use our simple guide below to get started. This example outlines how to buy Bitcoin and other cryptocurrencies with the eToro crypto exchange.

  1. Sign up to eToro and complete your onboarding
  2. Select 'Deposit Funds' on the home page
  3. Find the deposit method you wish to use and follow the prompts to deposit funds onto eToro
  4. Search 'Bitcoin' in the search bar at the top of your screen
  5. Enter the amount you want to invest and select 'Open Trade'
How to Buy Bitcoin with eToro
How to Buy Bitcoin with eToro.

Cryptocurrency Staking Features

Users of eToro in certain countries can also access cryptocurrency staking for 3 cryptocurrencies. The tokens you can stake on eToro are Ethereum, Cardano and Tron. While this is a great feature, we would not recommend using eToro to stake digital assets as the APY (Annual Percentage Yields) are lower than most exchanges.

A better digital asset platform for crypto staking would be a multi-staking exchange like Bybit. It offers staking on over 100 tokens with 5 different types of staking available including single and double sided liquidity pool staking.

eToro Supported Cryptocurrency Staking.

CopyTrading™

One of the most popular reasons users enjoy using eToro is its innovative Copy Trading feature, which allows for professional traders and analysts to post their trades publicly for others to follow. You can track the reputation of certain analysts, and traders to find the ones with the highest success rate to follow.

The eToro Copy Trading feature is perfect for new investors looking for some early guidance, or tips on how to do their own market and stock analysis. eToro was the first exchange to do this and many other platforms have followed including Binance, Bybit & Coinbase.

eToro Mobile App: iOS & Android

The eToro mobile app is available on both Android and iOS devices, it allows investors to trade on the go. The app offers a number of features including the ability to open and close positions, view charts and prices, check your portfolio and more. It offers the same functionality as its web version and is currently rated 3.5 stars from over 1.5k reviews on the app store.

Customer Support & Online Communities

eToro offers support via Live Chat (24/7) and has an incredible 4.2 stars on Trust Pilot out of over 15K reviews which speaks volumes about the support team. Most of the reviews comment on the excellent service provided by the eToro customer service team.

Final Thoughts

eToro is a great platform for investors looking to diversify their portfolios, trade stocks, commodities and cryptocurrencies. It offers a wide range of features such as Copy Trading™, staking for certain tokens and the ability to long or short different assets with up to 10x leverage.

The platform also has an excellent mobile app available on both iOS and Android and offers customer support 24/7. If you are looking to get started with investing, eToro is a great platform to do it on.

Andrew Chen

Former Bitcoin Maximalist turned multi-chain enjoyer. I hunt down the best yields across AVAX, Solana, Fantom and other networks.

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