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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

eToro Review

4.2
57 reviews
PAYMENT SYSTEMS
  • Deposit
  • Withdrawal

eToro general information

Founded in: 2007 year
Headquarters:
Cyprus
Offices in the country: United Kingdom, China, Russia
Minimum Deposit: 50 $
Website: www.etoro.com
Website languages:
English, Arab, Spanish, Italian, Chinese, Deutsch, Polish, Russian, French
Execution model:
NDD, STP
Deposit currency:
USD, EUR, JPY, GBP, AUD, CAD, CNY, RUB
Support languages:
English, Arab, Spanish, Italian, Chinese, Deutsch, Russian
Regulated by:
ASIC (Australia) license №AFSL 335692
FCA (United Kingdom) license №583263
CySEC (Cyprus) license № 109/10
CNMV (Spain)
Mobile trading: iOS, Android
Types of offered accounts:
Unlimited Demo Accounts, Standard Accounts, VIP accounts
Affiliate program: Yes

eToro Forex broker description

E Toro is a forex trading company with a strong online presence. It was established in 2007 and has been in the game consistently for over a decade and continues to carve a niche for itself in the world of forex trading.

Trading Accounts

E Toro has two trading accounts that are specially designed to suit clients trading needs with the major aspect being experienced. These accounts are the retail and professional trading account.

The E Toro Retail Account

This is the basic or standard account type that is found on this trading platform. It is designed to suit the needs of every client both the novice and the experienced. The following are the perks that a client will accrue from having this account.

  • Access to a vast range of trading assets from shares, stocks, cryptocurrencies, indices, and commodities among others.
  • Negative balance protection.
  • Clients with this account are covered by the investor compensation fund in case of liquidation of the firm’s funds.
  • Clients can trade either manually or copy trade.

The E Toro Professional Account

The E Toro professional account is another type of account provided by the trader to its clients. Just like the name, this is an account designed for professional traders who have experience in trading and are willing to stake large amounts of cash in their trade execution. To have this account, a client will have to apply for it on their online platform and if the client meets the set criteria, he or she will be able to get the professional account.

Among the many benefits that come with this account type include:

  • No restrictions on using leverage.
  • Negative balance protection.
  • High leverage trading.
  • Professional account holders incur no charges on withdrawal of funds from their accounts.

The Company. Security Of Funds

E Toro as earlier indicated has been in the trading business for over a decade which has been characterized by the growth of this firm. E Toro prides itself in being among the first forex traders to have a social trading platform that has a big hand in making it a success.

Over the years E Toro has made a decent name for itself and has been able to penetrate various markets worldwide making it a global brand. Founded in Israel, it has crawled its way to have headquarters in Cyprus, London and also in Tel Aviv. This has enabled it to have clients worldwide and the numbers continue to grow at a very steady rate.

E Toro has managed to invest in the most qualified staff as its personnel to run its affairs and maintain an awesome working relationship with their many clients. The personnel ensures that each client's needs have been solved ensuring an excellent customer experience.

On matters of credibility, this trader has all the licenses and regulation status on point by the relevant regulatory bodies in all regions it has its operations. Among the licenses it has acquired include:

  • E Toro Europe has been licensed by the Cyprus Securities and Exchange Commission (CySEC).
  • E Toro in the United Kingdom has been given a clean bill of operation by the financial conduct authority (FCA).
  • Both the European and UK sections are governed by the markets in financial instruments directive (MiFID).
  • E Toro in Australia is governed by the Australia financial services license (AFSL).
  • E Toro in its bid to uphold its integrity and gain the much-needed trust from its clients has put up measures that ensure clients' funds stored by them are in safe hands and very secure.

Among the measures put in place to ensure this include:

  1. Having separate bank accounts for the clients’ funds and also for their operational funds to prevent any mix up from happening.
  2. Clients’ funds are stored with the most credible banks which have a good working relationship with E Toro.
  3. E Toro is a member of a compensation scheme that will come through to sort out the clients in case of the rare occurrence of the company’s liquidation.

Trading Conditions

Minimum Initial Deposit

The minimum initial deposit varies according to your region. It ranges from $200 to $10000 and will serve as your base capital in your trading conquests as well as act as a shield in case of a loss on a trade.

Inactivity Fees

If your account has been inactive for 12 months for depositing accounts and 4 months for non-depositing accounts, a fee of $10 will be charged. This will be incurred from your account’s fund balance.

Commissions And Spreads

E Toro account holders incur no commission at all. The spread type on offer is the floating type.

Trading Platforms

E Toro has its own customized trading platform that has been designed specially to meet its needs and also of its customers as a social trading platform. This platform is advanced and provides awesome tools that will allow you to execute trades hassle free. This platform comes only in one mode - The E Toro mobile platform.

The E Toro Mobile Platform

The mobile platform was designed to take advantage of the growing popularity of mobile phone use. The mobile platform is accessible after downloading the application and signing in. among the benefits of this platform include:

  1. It is easy to use and free on download.
  2. It is compatible with a host of mobile operating systems such as Android and also ios.
  3. Provides excellent charting and drawing tools.
  4. Fast execution of trades.


Withdrawals And Deposits

Withdrawals and deposits to and from your account are very easy and you will use the agreed upon modes to deposit or withdraw. It accepts both debit and credit card and also e-wallet payments. Accepted modes include Skrill, Neteller, PayPal and visa among others.

BRIEFLY ABOUTE E Toro

In conclusion, this is a very credible trader offering special tendered services to all of its clients. A look at E Toro customer comments and reviews gives you a feeling of trust and professionalism. eToro is a great trader for both novice and experienced traders in the forex business


eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.


Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results.


Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

Trading accounts of eToro

  • Standart
Trading platforms: eToro Trader
Minimum Deposit : 50 $
Deposit currency :
USD - US Dollar
EUR - Euro
JPY - Japanese Yen
GBP - British Pound
AUD - Australian Dollar
CAD - Canadian Dollar
CNY - Chinese Yuan Renminbi
RUB - Russian Ruble
Trading instruments:
CFD's1:25
Amount of assets : 1000
  • Promotions
  • Indices
  • Products
Metals1:50
  • Gold
  • Silver
Energy sources1:50
  • Oil
  • Gas
Cryptocurrencies
Stock exchange
  • Promotions
  • Funds (ETF)
Entry to stock exchanges
  • NASDAQ (US)
  • NYSE (USA)
  • NYMEX (USA)
  • Eurex (EU)
  • Euronext (ES)
  • FBW (Germany)
  • LSE (United Kingdom)
Max. number of orders:
Execution type:
Market Execution
Swap Free:
Not
VIP Account:
Yes
Spread type:
Floating
Decimal places:
4 characters
Commission:
Not
Phone trading:
Not

Contacts of eToro

Headquarters
Кипр , LimassolOmirou Avenue, 7
show on the map

Recent customer reviews of eToro

John Richy 17 June 2022

Advantages: fast deposit

Disadvantages: you cant withdraw

Comment: After weeks of turmoil and sadness that Etalbit brought upon me and my family after I lost GBP110, 000. I was introduced to this guys at skyline-recovery com they are the best and helped me recover all of my funds without any hassle in a week.

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Lizeth Dulce 13 September 2022

I lost my money to them few months ago from a scammer . I lost over $55k they denied my withdrawal request and and also left it pending. I reached out to them and they never responded back to my emails and calls. They eventually locked me out of my account..I got a helper called Mr gauge hamza that my friend referred me to, this man is a very good man..he got all my money back from them, feel free to contact him at (GAUGEHAMZA66 @ GMAIL . COM) he will definitely help you get all your money back from any scam thanks..

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Steven Bennett 06 June 2022

Advantages: Demo account Profitable affiliate program Quick withdrawal of earnings No slippage and broker commissions

Disadvantages: There are not enough communication channels with technical support

Comment: I have advised all my trader friends to work in etoro for a long time. Most agreed and are trading quite successfully here. People like the possibility of copying other traders and trading cryptocurrencies the most. This is especially easy to do and especially convenient

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joey 13 April 2022

Advantages: nil

Disadvantages: denied access to withdraw investments and profits

Comment: I was unable to make withdrawals after I made multiple investment and my profit increased. I was later able to recover my funds after all hope was lost. Thanks to the website hacksandrecovery dot net for helping me with the recovery after I provided all my transaction details and documents with etoro to them.

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Clark Hills 18 April 2022

Withdraw successfully WhatsappChat †①⑧⑦⓪③④⑤⑦⑨③⑦

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Carlton Jimburton 27 May 2022

Happy to share my experience on how I was able to get all my money back from this company. Reach out to me on garrycolle at outlook dot com

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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.