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eToro Review and Information 2023

eToro Information and Review eToro
Voting Rating eToro does not participate in the Forex Rating
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Reviews Rating
Regulation CySEC, ASIC, FCA
Trading software eToro webTrader, etoro Openbook, eToro Mobile Trader
Headquartered Level 3, 60 Castlereagh Street, Sydney NSW 2000, Australia

eToro has emerged as a trailblazer in the realm of global social investment networks, driven by an ambition to redefine the way individuals invest and foster financial literacy. At its core, eToro has sculpted a comprehensive multi-asset platform that thrives on collaborative learning and community engagement. This is not merely a trading platform; it's a hub where users can interact, exchange insights, and evolve. By diving into the collective intelligence of millions, you are embarking on a journey of continuous learning. Engage in discussions, absorb experiences, and become an active participant in the eToro community. Strengthening bonds paves the way for boosting confidence.

Dive into a reservoir of investment inspirations from a robust community of 30 million users. Discover and engage with over 3,000 diverse assets, all within a platform that's both reliable and user-centric.

eToro's Copy Systems

What truly distinguishes eToro in the digital trading domain are its innovative social features. eToro's signature tools, CopyTrader™ and Smart Portfolios, leverage its expansive global user base—encompassing over 20 million enthusiasts from 140 countries—aiming to open up novel avenues for traders to maximize returns.

The CopyTrader system, in particular, stands as a testament to eToro's leadership in the fintech evolution. The underlying principle of CopyTrader is refreshingly straightforward: Identify promising traders, allocate your desired investment, and then seamlessly replicate their strategies in real-time, all at a single click.

However, beneath this surface simplicity lie several nuances:

Key Points to Ponder Before Initiating a Copy:

Decoding the CopyTrader System:

Upon opting for the CopyTrader system, users gain the ability to replicate all live trades of the trader they've chosen to mirror. Here’s what to expect:

To view all the trades sourced from a specific trader, navigate to your portfolio and select the Copied Trader’s name. All trades will activate simultaneously in your account, reflecting a minor loss equivalent to the spread between Buy and Sell rates. The size ratio of trades can vary, especially if the Copied Trader modifies their available balance via deposits or withdrawals. When the Copied Trader liquidates all positions, the proportion between their account and the copier's resets to equilibrium.

eToro, founded in 2007, has become one of the most recognizable names in the online brokerage community, particularly known for pioneering "social trading". This platform allows users to mirror the trading strategies of experienced professionals, creating a community-focused trading environment.

eToro's spread structure is variable, changing depending on the financial instrument being traded. Typically, major forex pairs like EUR/USD have relatively tight spreads, but they can widen during volatile market periods. Leverage on eToro varies depending on the asset class, with maximum leverage for forex reaching up to 1:30, in line with ESMA regulations. One of eToro’s appealing features is its absence of commissions on trades. However, traders should be mindful of overnight and weekend fees, also known as rollover fees. These can accumulate, especially for traders who keep positions open for extended periods. Additionally, there are withdrawal fees, which can be a point of contention for some users.

Trading Software

eToro's proprietary platform is web-based and user-friendly, suitable for both beginners and experienced traders. The platform’s standout feature is the “CopyTrading” system. Additionally, they offer a mobile app that maintains the features of the web platform.

One of eToro’s strengths is its regulatory compliance. It's regulated in Europe by the Cyprus Securities and Exchange Commission (CySEC), in the UK by the Financial Conduct Authority (FCA), and in Australia by the Australian Securities and Investments Commission (ASIC). This multi-jurisdictional oversight enhances its credibility and trustworthiness.

With millions of users globally, eToro's platform is generally reliable. However, during highly volatile market events, some users have reported temporary difficulties accessing their accounts or executing trades. For the most part, order execution is swift on eToro, especially for forex and major stocks. Still, during high-volume periods, there can be slight delays.

eToro has solidified its position as a leading online broker, especially in the realm of social trading. Its user-friendly interface, combined with a broad range of tradeable assets, makes it a top choice for many. However, potential traders should be mindful of the platform’s fee structure and ensure it aligns with their trading habits.

eToro Trading Information 2023

WWW https://www.etoro.com/
Address Level 3, 60 Castlereagh Street, Sydney NSW 2000, Australia
Headquarters Level 3, 60 Castlereagh Street, Sydney NSW 2000, Australia
Free phone +61-1800-778-583
24 hour support
Partnership programs
Trust management
Free education
Bonuses, Promotions
Sponsorship contests, competitions
Mobile trading
Automated trading
Daily analysis
Demo account
24/5 trading
Accepts US traders
Digits after the dot in quotes 4
Minimum position size 0.1
Spread Type fixed
Pip spread on majors 2
Maximum Leverage 400:1
STP, $
ECN, $ 50
Standard account, $ 50
Mini account, $ 50
Popular payment methods Credit Cards, PayPal, Wire Transfer, Bitcoin
Account currencies EUR, USD, GBP, JPY, CHF
Available assets Bitcoin
Languages English, French, Spanish, German, Russian, Italian, Chinese, Arabic, Turkish, Portuguese, Japanese, Polish, Greek, Dutch, Swedish, Finnish
Platforms eToro webTrader, etoro Openbook, eToro Mobile Trader
Broker type Broker
Regulation CySEC, ASIC, FCA
Foundation 2007
Copy Trading Brokers
Bitcoin Forex Brokers

eToro Reviews and Comments

eToro consistently surpasses expectations as a broker, setting a high standard in the world of online trading. Their platform is transparent and user-friendly, ensuring that there's no ambiguity when it comes to executing trades or understanding any of the processes involved. Withdrawing your funds is a breeze, devoid of unnecessary complications or delays. Having explored multiple trading platforms over the years, I can confidently assert that eToro stands head and shoulders above the rest in the stock market trading realm. Their commitment to customer satisfaction and their reputation for reliability is evident. If you're seeking a trustworthy trading partner, look no further than eToro!
  5 Sep 2023  
Navigating the intricate world of trading on my own initially presented a series of challenges. While I had the passion and drive, I recognized the value in leveraging established systems to guide my journey. This is when I chanced upon eToro's innovative Copy Trades system. Not only is this system seamlessly integrated and user-friendly, but it also democratizes trading by allowing novices and veterans alike to benefit from the strategies of top traders. eToro's platform is intuitively designed, ensuring that even those new to trading can easily grasp how to utilize the Copy Trades feature. But what truly sets this system apart is its efficacy. It's not just a tool for learning; it's a genuine avenue for profit generation. By harnessing the insights and strategies of successful traders, I found myself achieving consistent gains. For anyone looking to elevate their trading game without starting from scratch, eToro's Copy Trades is a game-changer.
  30 Aug 2023  
eToro has always provided a user-friendly experience, especially for beginners. Their platform is intuitive, making it easy for users to navigate and execute trades. However, during high volatility periods, there can be occasional lags which can affect trading decisions. I've had a mostly smooth experience with eToro when it comes to funds withdrawal. Requests are typically processed within 1-2 business days. However, there were a couple of instances where it took slightly longer, possibly due to high demand. Customer service is a mixed bag. While their representatives are knowledgeable and friendly, the wait times can sometimes be longer than expected. Their online chat feature is convenient, but it would be beneficial if they expanded their support team to handle influxes in queries. eToro’s CopyTrader system is a standout feature, allowing novices to learn from more experienced traders. Additionally, the platform offers a variety of charting tools and indicators. However, seasoned traders might find the tools a tad basic compared to other dedicated platforms.
  22 Aug 2023  
While eToro promotes commission-free trading, they do recoup costs through spreads, which can be on the higher side, especially for certain currency pairs and during major news events. It's essential to be aware of these costs before trading. eToro's platform is generally stable and reliable. However, as mentioned earlier, there can be sporadic lags during highly volatile market conditions, which can be a concern for day traders or scalpers. One of eToro's strengths is its commitment to regulation. It's regulated by top-tier authorities, including CySEC in Europe and the FCA in the UK. This provides a level of assurance regarding the platform's integrity and security.
  3 Aug 2023  
XM Human Broker - Transparent, Fair and Focused on the Client

No hidden terms in pricing, execution, or promotions. Same quality of services, market order execution and level of support for all clients regardless of investment size, investment goals and financial situation. Easy and convenient systems for opening and managing account(s), for depositing or withdrawing funds. and for trading the international markets.

eToro stands out as a broker of exceptional quality in every facet of its operations. Their extensive range of trading instruments is unparalleled, providing a diverse palette for both novice and seasoned traders alike. Beyond just the array of options, the efficiency in execution and the consistent liquidity they offer are second to none when benchmarked against competitors. It's not just about the impressive technical aspects of eToro, but also the trustworthiness and reliability that they consistently demonstrate. Throughout my tenure with them, I've experienced hassle-free withdrawals, a testament to their transparent and client-centric approach. It's refreshing to engage with a platform where conditions aren't just bearable but are genuinely conducive to profitable trading. I wholeheartedly endorse eToro, not just as a mere trading platform, but as a dependable partner in one's trading journey. Their commitment to excellence is palpable, and I find immense satisfaction in my continued association with them. If you're seeking a blend of robust functionality and a trust-worthy relationship, eToro is undeniably a top recommendation.
  1 Aug 2023  
The execution speed is generally quick, but slippages can occur, especially during significant news releases or market openings. It's a common issue in the industry but still something to be mindful of when planning trades. eToro offers a transparent platform where users can view and analyze other traders' performances, fostering a learning environment. Their market analysis section is updated regularly, providing insights into current market conditions. However, the depth of analysis might not be sufficient for advanced traders. eToro's platform stability is commendable, with downtimes being rare. Their partnership program offers lucrative opportunities for affiliates. Additionally, eToro's asset range is impressive, encompassing not just forex, but also stocks, cryptos, and commodities. This diversified range is perfect for traders looking to expand their portfolios. eToro is a robust platform, especially suited for beginners and social traders. However, as with any broker, it's essential to be aware of its strengths and limitations to make the most of the trading experience.
  19 Jul 2023  
eToro is a good reliable broker. They do not make empty promises and do not offer unrealistic conditions. I have earned the most profit of all time with them. At the same time, I did not open a large number of transactions, but I just managed to make good money on one jump. The broker did not interfere in any way, in general, everything turned out as it should and the terminal works perfectly! They withdraw on average in a day or two, without any talk. I definitely recommend.
  6 Jul 2023  
eToro is a good broker. Before that, I worked with ***, but there were a number of moments that did not suit me. So I decided to give eToro a try. The eToro webTrader app loads and runs much faster. It is possible to place orders at a time when trading on the exchange is not conducted. Take profit orders can be placed taking into account the trailing stop, when the price set in the order is pulled up by the growing trend. There is a tariff for those who trade in securities of different issuers, perhaps one of the most inexpensive on the market. Technical support works well, they respond quickly in the chat.
  15 Jun 2023  
I started working with the eToro broker in November 2022. I liked it - a convenient Personal Account, you can get training in the Training Center, a lot of real-time quotes, news, a large selection of trading instruments. I like that there is 24/7 customer support. I am very grateful to the manager, who quickly resolves all issues. I am pleased. I would recommend eToro. The CopyTrader application also seemed to me quite convenient - it was the very process of working with it that was much more comfortable for me than with the others. And what else can be more important when working with a broker, if not this?
  21 May 2023  
Hello! I started investing with eToro a few months ago. I probably sent around 30k to eToro in several transfers. Few weeks ago, for reasons out of my control, one of the transfers I sent was returned to my bank. I asked eToro about what should be done, and right after that they limited my account. They said I should proceed with the transfer once again, but the support manager probably was in a huge confusion as my account was still limited for both deposits and withdrawals. By the way, I'm a Platinum member and I'm supposed to get priority support, but that's just a huge lie. It's just a marketing trick. No priority and actually no Support at all. Although my account was fully verified and I provided them with every document they asked for, I'm waiting for around 3 weeks for some help in this matter, with no success. My account is limited, with over $19,000 in balance, with no option to withdraw my money in any way. Not even to trade. You'll probably ask me about support? Or even about Support Manager and Priority (as advertised)? That will be a good question, as I can say that even if I asked to close my account or to leave me to cash out my money in some way, there is silence. I only receive some template messages asking me to wait and to thank me for understanding. What? Are you kidding with me? Is there any reason for them to hold my money for that long? I owe them anything? The funds are just in my dollars balance. They are using my money to make profit and there is no sign about getting my money back. Incredible! Right? Stay away from eToro if you want to use your money. Is easy to send them the money in the first place but it becomes impossible to get your money back. I'm begging them for my money. That's not "cool" at all.
  8 May 2021  
I have problems with eToro from the beginning as I can't change my billing address and I have become unable to invest as I can't even verify my account nor talk to anyone from costumer service. My savings are in risk and I regret horribly trying the investment with this app.
  10 May 2020  
Unable to talk to costumer service, unable to change billing address, unable to invest or withraw. only can deposit basing in an extremely advantageous exchange rate. I can't do anything and I feel my savings are in risk of suffer a big cut by these people who jodes from me.
  10 May 2020  
Etoro seems to be known for having this repeated occurrence where they make false trades on their auto trader platform and make you lose all your capital, I lost all $46,000 worth of capital. They are clearly abusing their authority. If you have lost your finances on Etoro or in a similar situation, they are currently being investigated.
  13 Sep 2019  
I was conned into taking a bonus matching my original $17000 investment made over the phone. According to CToptions policy, I cannot withdraw any funds until $30,000 worth of trades has been executed. This was not explained to me and when I wanted to withdraw $3000 from my $27,000 balance, the request said pending for 6 weeks, and after several requests over 6 weeks made to account managers who ignored my requests, I finally got a request denied.
  19 Aug 2019  
XM - Industry Leading Global Investment Firm - Big. Fair. Human.

Servicing more than 3.5 Mill clients from more than 190 countries in more than 30 languages. Over 2.5 Billion trades executed with no requotes or rejections. Access to 1000+ instruments from 6 asset classes, 16 full feature trading platforms, 4 trading account types, 25+ secure payment methods and 24/5 personal customer service.

eToro has unjustified deleted my profits without any explanation based on any real data or evidence. I think their behavior is very worrying for all eToro users and I think it's appropriate to take action against them.
  6 Jun 2019  
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