E Toro

E toro
Company information

etoro

Company name
E Toro
Website
etoro.com
Company Headquarters
Limassol, Cyprus
Account Minimum
USD 200

E Toro

Ratings :
4.5/5

eToro was founded in 2007 and has made a name for itself as a leading copy trading platform popular among beginners. It is a trusted broker regulated by many top tier authorities including, Financial Conduct Authority (FCA) and Australian Securities & Exchange Commission (ASIC).

eToro is a market- market broker with over 20 million users worldwide and offers over 2300 instruments for their clients including cryptocurrencies, forex and CFDs.

Currencies available on Crypto.com:

eToro offers majority of crypto currencies including the most popular ones such as

  • Bitcoin (BTC)
  • Cardano (ADA)
  • Ethereum (ETH)
  • Binance (BNB)
  • IOTA (MIOTA)
  •  

eToro is a market- market broker with over 20 million users worldwide and offers over 2300 instruments for their clients including cryptocurrencies, forex and CFDs.

Pros and Cons

Pros

  • eToro has a very easy to use and simple platform for beginners which can perform tasks quickly such as creating a watch list and adding instruments by searching available markets. It is listed best among easy to use categories.
  • It is also considered to be a trustworthy broker with regulations from FCA, AISC and others which include Cyprus Securities and Exchange Commissions (CySEC) and Markets in Financial Instruments Directive (MiFID).
  • With a minimum deposit required $50 they offer STP and negative balance protection for their clients along with the availability of demo account, standard account and Islamic account.
  • Overall, eToro has pricing close to the industry average for trading physical cryptocurrency, such as 0.75% for buying or selling bitcoin, while its fiat to crypto conversion fee is high at 5%. Meanwhile, converting from crypto to crypto at eToro only costs 0.1% in addition to prevailing spreads.

Cons

  • As easy as it is with social trading, a huge drawback is that while you make the same amount proportionally as the trader you’re copying, you also take the same percentage of losses the trader takes in their account.
  • According to statistics 67% of retail investor accounts lose money when trading CFDs with eToro.
  • Moreover, for trading forex and CFDs, eToro is slightly pricier than most of its competitors, despite recently cutting spreads and introducing zero-dollar commissions for US stock trading, retail traders don’t choose eToro for its spreads, but rather for its social copy-trading platform.
  • In addition to that, the range of traditional research materials and tools available on eToro is limited compared to its peers.

Get Registered For FREE Forex Training!

Fill In Your Details To Get Registered For FREE Forex Training!