eToro Review 2023 – Pros and Cons

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eToro is a social trading and multi-asset brokerage company that was founded in 2007. It offers a range of financial services, including trading in stocks, ETFs, currencies, commodities, and cryptocurrencies.

One of eToro’s unique features is its social trading platform, which allows users to follow and copy the trades of other successful traders. This feature has made eToro popular among beginner traders who want to learn from experienced traders and replicate their strategies.

In addition to social trading, eToro also offers a range of educational resources, such as market analysis and webinars, to help traders make informed decisions. The platform is user-friendly and available on desktop and mobile devices.

eToro has expanded its offerings to include a cryptocurrency trading platform, which allows users to buy and sell popular cryptocurrencies like Bitcoin, Ethereum, and XRP. The company has also recently announced plans to go public via a special purpose acquisition company (SPAC) merger with FinTech Acquisition Corp V.

Overall, eToro has become a popular choice for both new and experienced traders due to its social trading platform, user-friendly interface, and range of financial instruments.

eToro

Brokers Name

eToro

Regulation

CySEC, FCA, ASIC, FSA-Seychelles

Established

2007

Headquarters

Tel Aviv, Israel

Trading Desk

Market Maker

USA Clients

24H Support

Yes

Weekend Support

no

Website Language

English, Spanish, French, German, Italian, Portugues,e Dutch, Polish, Swedish, Norwegian, Danish, Finnish, Czech, Slovak, Hungarian, Romanian, Russian, Turkish, Arabic, Chinese, Japanese, Korean

Account Details

Accounts

Standard, Professional, Demo

Min. Deposit

$50

Base Currencies

USD

Leverage

1:500

Spreads

1.0 pips

Fixed Spread

Yes

Margin Call / Stop Out

50% / 20%

Trading Platform

eToro Platform

Trading Instruments

Commodities, Cryptocurrencies, Stock CFDs, ETFs, Forex, Indices

Pros

  • User-friendly platform
  • Wide range of financial instruments
  • Social trading feature
  • Availability in multiple languages
  • Mobile app available
  • Cryptocurrency trading available

Cons

  • Limited research and analysis tools
  • Withdrawal fees for some methods
  • Inactivity fees for dormant accounts
  • Limited customer support options
  • Limited availability of certain financial instruments in some regions

Trading Features

Commission

Yes

Mini Accounts

no

Standard Accounts

Yes

VIP Accounts

no

Pro Accounts

Yes

Islamic Accounts

Yes

Segregated

no

Managed Accounts

no

Demo Accounts

Yes

Trading Services

Hedging

Yes

News Trading

Yes

Scalping

Yes

Automated Trading

Yes

Trading Signals

no

Educational Service

Yes

Copy Trading

no

Mobile Trading

Yes

Trading Markets

Indices

Yes

Forex

Yes

CFDs

Yes

Commodities

Yes

ETFs

Yes

Stocks

Yes

Bonds

Yes

Crypto

Yes

Funding

Deposit

Visa, Mastercard, Diners Club, Maestro, Bank transfer, PayPal, Neteller, Skrill, WebMoney, Rapid Transfer, Klarna

Withdrawal

Visa, Mastercard, Diners Club, Maestro, Bank transfer, PayPal, Neteller, Skrill, WebMoney, Rapid Transfer, Klarna

Contacts

Phone

+44-20-8089-1402

Email

support@etoro.com

Address

24th floor, One Canada Square Canary Wharf London, E14 5AB United Kingdom

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