eToro is a popular social trading platform that also offers brokerage services. The platform has a vast collection of analytical tools that traders can use to determine the right trader to copy. The platform has millions of traders from over 140 countries. With eToro, investors can invest in forex, stocks, indices, bonds, ETFs, cryptocurrency, metals, energies, and other commodities by copying the trades made by experienced traders, as well as place and manage their own trades, which can also be offered to other traders to copy.
eToro Platforms & Tools
As a broker focused on social trading, eToro has its proprietary “social trading“ platform, which is intuitive and user-friendly. The platform is available as a web terminal and a mobile application for iOS and Android devices, and it’s equipped with innovative tools to assist traders with their market analysis and trading.
Some of the tools in the platform include:
- eToro Trade Markets which includes the eToro Instrument feed, eToro Instrument statistics, and eToro Instrument Chart
- eToro Watchlist where you can add any instruments you may be interested in
- eToro Portfolio which is the record of all your trading activity
- eToro News Feed where you see the latest news from the eToro community
- eToro Copy People which lets you view all the traders on the platform and choose who to copy
- eToro CopyPortfolios through which you can multiple markets or traders and have your capital professionally managed by eToro’s investment committee
eToro Research & Education
eToro provides its clients with a collection of educational materials, which includes videos, guides, e-courses, and others. These resources cover many trading topics, as well as social trading tips to help you use their platform better. In addition, they also organize live webinars.
eToro Trading Accounts
eToro offers two main types of trading accounts — Retail Account and Professional Account. The Retail Account is for clients who do not qualify as professional traders, and it has a minimum deposit of $200, negative balance protection, margin closeout restrictions, and $25 withdrawal fees. The Professional Account is for qualified professional traders, and it carries up to 1:400 leverage, no negative balance protection, and no withdrawal fees.
eToro Account Funding
eToro accepts different payment methods for account funding and withdrawals, including bank wire transfer, credit card, and online payment processors, such as PayPal, Neteller, and Skrill. The minimum deposit that can be made via bank transfer is $500, but for other methods, it’s $50, apart from the initial deposit which varies with countries. Non-professional accounts are charged $25 withdrawal fees, and the minimum withdrawal amount is $50.
eToro Customer Service
eToro has an active customer support team that can be reached via a phone call or an email. The customer service team is available 24 hours a day on all trading days to provide clients with technical assistance and answer clients’ questions.
eToro is regulated in multiple jurisdictions, including the EU, UK, and Australia. They are licensed and authorized by the Cyprus Securities and Exchange Commission (CySEC), which is a financial regulator in the EU. eToro is also authorized and regulated by the Financial Conduct Authority (FCA) in the UK, and the Australian Securities and Investment Commission (ASIC). Their clients’ funds are held in segregated bank accounts in some of the biggest banks in Europe.
eToro Review Summary
eToro is a leading social trading platform, and they also offer brokerage services. With eToro, you can either trade by yourself or copy the trades of other traders. They offer many trading instruments across multiple asset classes through their user-friendly trading platform.