- Access to Copy Portfolios
- Educational resources
- commission-free trading on stocks and ETFs
- high spreads
- Higher withdrawal fees
- Limited customization options
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- eToro Review
- Commissions and fees
- VIP accounts
- Popular Investor program
- Cryptocurrency trading
- Exchange-Traded Securities
- Mobile trading apps
- Apps Overview
- Ease of use
- Cryptocurrency wallet
- Other trading platforms
- Platforms overview
- Trading tools
- Cryptocurrency tools
- Copy trading structure
- Learning Centre
- Integrated educational
Traders may easily imitate the trades of seasoned investors on eToro’s copy-trading platform. And there are additional benefits for those willing to share their trading ideas with the community. eToro provides an all-inclusive, though rather a pricy trading experience, with over 3,000 tradable symbols across CFDs, FX, and exchange-traded stocks. eToro provides an all-inclusive but pricy trading experience, with over 3,000 tradable symbols across CFDs, FX, and exchange-traded stocks.
An offering of investments
The number of tradable symbols on eToro is 3458.
eToro, as a broker dealing in several assets, makes everything as easy as possible for its clients. In the case of eToro, for instance, the trade ticket window includes a drop-down menu for choosing between trading CFDs and the underlying assets. A seemingly little detail that serves an essential purpose.
CFDs (Contracts for Difference) and direct trading of cryptocurrencies (Cryptocurrency) are both available to traders at eToro, e.g. buying Bitcoin.
Note: Neither retail traders nor citizens of the United Kingdom or the Netherlands may access cryptocurrency CFDs through the U.K. branches of any significant broker. Furthermore, eToro does not permit cryptocurrency trading from Russian Federation residents.
Commissions and fees
As a market-maker broker, eToro advertises a somewhat higher-than-average variable spread of 1 pip on the EUR/USD. However, while eToro’s social copy trading platform is a significant selling point, the broker’s low spreads aren’t a major draw for regular traders.
Five eToro Club membership categories, ranging from Silver to Diamond, provide exclusive benefits to eToro’s most active traders. Traders with accounts between $5,000 and $250,000 can join one of these levels, each with its perks. Some of the VIP features include lower withdrawal and deposit fees, a personal account manager, and access to Trading Central.
Popular Investor program
A trader can advance through four tiers of eToro’s Popular Investor programme, from Cadet to Elite, if they want to let other investors copy their strategy.
You need over $1,000 in account equity and $500 in client assets that duplicate your approach. And a risk score of less than 7 for at least two months to advance to the Cadet tier. Spread rebates, regular payouts, and even a management fee are all offered to Popular Investors.
When it comes to trading physical cryptocurrency, eToro’s prices are, on average, very comparable to the industry average. While opening and closing a position, customers pay 1% on top of the spread for each buy and sell position. With its 1% flat rate commission, eToro has levelled the playing pitch on roughly 200 crypto assets, making trading nascent cryptocurrencies cheaper. At the same time, eToro’s 0.1% fee for cryptocurrency conversion is a fraction of the typical fees associated with such transactions. The eToroX platform has even reduced costs for cryptocurrency trading, but it doesn’t provide CFD trading or a wide choice of markets.
eToro provides fractional shares and zero-dollar commission U.S. stock trading, which U.S. investors cannot do.
Mobile trading apps
In general, eToro’s mobile platform is top-notch. However, those who like to trade on the go may love eToro’s mobile app, which offers almost the same capabilities as the website.
The eToro app and eToro Money, a cryptocurrency and money transfer software, are available on mobile devices from eToro. In addition, both applications may be downloaded from Google Play for Android devices and the Apple App Store for iOS devices.
Ease of use
For Android, the eToro mobile app has dark and light mode themes, synchronised watchlists, and a similar appearance and feel to the web version.
Since there are just five indications compared to 67 on the web, the charts are responsive and reflect the online platform experience. However, the software lacks drawing capabilities, which would improve its already clean design and integration.
A user’s funds and stored cryptocurrencies are in a mobile app called eToro Money. eToroX stores your bitcoin holdings and safeguards your private keys. Like the eToro mobile app, the eToro Money Wallet allows you to participate in social trading and has a familiar design.
Other trading platforms
The revolutionary idea behind eToro is how it unifies copy trading with self-directed trading. The elements work well together to produce a successful outcome.
The eToro online platform is built around a focus on simplicity and ease of use, making even the most fundamental tasks a breeze. For example, traders may use features like instrument addition and watchlist creation with a quick market search.
Launching eToro’s ProCharts option unlocks the full potential of its graphing capabilities. There are 66 indicators and 13 drawing tools available in ProCharts, and you may create custom layouts or select one of the many available defaults.
The CopyPortfolios function on eToro is another worthwhile achievement; it pools traders into centralised funds that other users can copy. By allowing users to build portfolios based only on one or more CopyPortfolios, eToro fills a void for passive investors. CopyPortfolios, however, may also help self-directed traders vary their trading strategies. Therefore, it’s something that all eToro customers should consider using.
On eToro, users may copy the trades of other traders over 108 different cryptocurrency pairs or get trading ideas from other users. In addition, the eToro Mobile wallet software is available to investors who have an eToro account and wish to withdraw the underlying crypto assets. This app is quite similar to the company’s FX mobile app and serves a similar function by acting as a custodian using a multi-signature technique.
Copy trading structure
In other words, eToro does not allow using algorithmic trading strategies or fully automated trading systems like those found on MetaTrader. As each transaction is executed manually, you can rest assured that you are getting exactly what you expect when you imitate a trader on eToro. Several social trading systems that aggregate traders’ performance allow discretionary (human) and automated tactics; thus, this is useful.
Unlike AvaTrade, Saxo Bank, and IG, the eToro Learning Academy and blog have fewer videos, articles, and webinars.
There are dozens of videos and articles in eToro’s trading academy, and they’re all neatly sorted into categories based on your degree of skill.
For novices, eToro gives trading instrument information like the EUR/USD currency pair and basic investment information next to each symbol.