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Risk Warning: eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

4.1
/ 5

eToro US review

Updated on Oct 11, 2024
|
20 mins read
Start trading
Risk Warning

Overview

Tired of hearing about stock market gains when your portfolio doesn’t seem to catch up? You don’t have to get a PhD in finance to make money, as...
See full overview for eToro US
Countries
Devices
Minimum deposit
10$
Withdrawal fee
5$
Deposit fee
0$
Max insured
No
Our Verdict
4.1
/ 5
Commissions & Fees
4
/ 5
Deposit & Withdrawal
4.3
/ 5
Customer Support
3.9
/ 5
Account Opening
4.4
/ 5
Regulation & Safety
4.1
/ 5

Our 5-step process of verification and evaluation – How do we obtain information?

 

General inspection – 30%

Trading experience – 30%

Technical audit – 20%

Collective experience from collaborations with the broker – 10%

Interviews with real traders – 10%

 

See the entire process here.

Pros

  • User-Friendly Trading Experience

  • Innovative Social Trading Features

  • Regulated and Secure Platform

  • Practice Accounts

  • Diverse Range of Tradable Assets

Cons

  • Limited Advanced Trading Tools and Customization

  • Presence of Non-Trading Fees

  • Limited Research and Educational Resources

  • Mixed Reviews on Customer Support

General details

Type of accounts
Unlimited Demo Accounts
Standard Accounts
VIP accounts
Execution Model
NDD
STP
Deposit currency
USD
EUR
JPY
GBP
AUD
CAD
CNY
RUB
Regulatory complience
FINRA
ASIC
CySEC
FCA
Deposit payment systems
Withdrawal payment systems
Support Languges
English
Arabic
Spanish
Italian
Chinese
German
Russian
Autotrading
CopyTrader™
Contact details
[email protected] 1-888-271-8365

Customer reviews

Read real reviews from traders all over the world:

R
Robert Hayes
28 August 2023
Advantages:
Disadvantages:
It is a common misconception that stolen Bitcoins can not be recovered. This is totally false as I have personally just recovered my bitcoins with the help of Mattdunham928 at g male .com
D
Damian Spencer
31 July 2023
Advantages:
Disadvantages:
Technology, like crypto, can have both positive and negative impacts on society. While crypto is known for making payments more convenient and efficient, it is important to acknowledge that people do lose significant amounts of money to crypto scams, such as Bitcoin Investment/mining . The question then arises: How do you respond after falling victim to crypto scammers? Do you simply accept the loss of your hard-earned funds, or do you fight back?I myself have experienced the unfortunate reality of being a victim of crypto scams. In January, I lost over $500,000 to a Bitcoin mining scheme. Despite not having any personal details about the individuals responsible, I refused to give up hope. I decided to undertake research to explore any potential solutions. After a month of dedicated effort, I discovered a group of skilled hackers specializing in crypto recovery. I reached out to them on a Tuesday evening, providing them with the necessary information and details. They assured me they would respond promptly, and to my surprise, just 48 hours later, they informed me that my funds were ready to be returned to any wallet of my choice. I felt a sense of pride and accomplishment for not giving up on the situation from the very beginning. If you find yourself in a similar situation, I encourage you to seek help from this team of hackers. Regain the peace of mind and financial stability you deserve. You can contact them via email at V I R T U A L H A C K N E T @ G M A I L . C O M or reach them on Telegram with the ID @Virtualhacknet.
See all 20 customers reviews

Accounts

Type of Trading Accounts on ETORO

eToro offers two different trading accounts designed to meet the specific needs of their clients: retail and professional trading accounts. Both accounts provide a range of benefits to meet the varying needs of traders. 

  • Retail Account: This is perfect for both novice and experienced traders. With this Account, clients have access to a wide variety of trading assets, including shares, stocks, cryptocurrencies, indices, and commodities. Clients are also provided with negative balance protection, ensuring they will never lose more than their account balance. This Account also offers the option to manually trade or copy other successful traders.
  • Professional Account: This is designed for experienced traders willing to take on larger risks. To qualify for this Account, clients must meet certain criteria and apply for it on the eToro online platform. The professional Account offers several benefits, including the ability to use high-leverage trading with no restrictions and negative balance protection. Professional account holders can also withdraw funds from their accounts without incurring any charges.
Standart - eToro
Swap-free account
Availability of a VIP account
Hedging
Trading with expert advisers
Trading 24 hours a day
Deposit currency
USD
EUR
JPY
GBP
AUD
CAD
CNY
RUB
Trading instruments
Forex
1:30
Number of currency pairs: 21
EUR
USD
GBP
AUD
CAD
CHF
JPY
NZD
TRY
ZAR
HKD
SGD
MXN
RUB
PLN
SEK
NOK
DKK
HUF
CZK
ILS
1:20
1:20
1:10
Cryptocurrencies
Stop Out
20 %
Minimum position size
0.01 lots
Maximum position size
200 lots
Execution type
market
Spread type
Floating
Decimal places
4
Margin Call
20 %
Commission
Yes
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents

Tradable instruments

The eToro trading platform offers over 5,000 tradable instruments across various categories, including stocks, cryptocurrencies, ETFs, commodities, indices, and CFDs. However, U.S. clients have access to only 70 cryptocurrencies. Despite this limitation for U.S. users, the platform still provides a wide range of options for international investors to diversify their portfolios and tailor their investment strategies to different asset classes.​

Cryptocurrencies
70

Frequently asked questions

Find the right answer to your question below.

Is eToro a legitimate and safe platform?

eToro is definitely a legit and safe platform, as it’s regulated by several reputable regulatory bodies that ensure compliance with strict standards. Institutions like the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC) oversee its operations in various regions. Additionally, in Europe, eToro is regulated under the European Securities and Markets Authority (ESMA), and in the U.S., it adheres to regulations by the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC). This multi-layered regulation guarantees that eToro provides a secure trading environment for its users worldwide.

Can I trade cryptocurrencies on eToro?

Yes, eToro allows users to trade cryptocurrencies. However, it offers only a few options, limiting the choices available to those solely interested in crypto trading. So, if copy trading is your main goal, you should explore other options.

What is the minimum deposit required to open an account on eToro?

The minimum deposit required to open an eToro account varies by country. In many countries, this amount is equal to $50. In other countries, like Israel, the amount is equal to $10,000. This minimum amount applies to personal accounts only, as corporate accounts are charged differently.

Does eToro offer a demo account?

Ye, eToro offers a demo account, allowing you to practice your trading skills without risking real money. Using this demo or practice account, you can learn about the secrets of trading in a stress-free setting. It will help refine your trading and investment practices and get you accustomed to the platform.

How can I contact eToro's customer support?

eToro’s customer support representatives are available via live chat, phone, and email. However, the availability and response will vary based on your location and the nature of your inquiry. We recommend that you check the FAQs section as you might find relevant answers to your queries without having to wait.

eToro US compared with alternative brokers

To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page.

  • Overall verdict
  • Trading
  • Minimum deposit
  • Maximum leverage
  • Fees
  • Withdrawal fee
  • Deposit fee
  • Safety
  • Top-tier regulators
  • Investor protection
eToro US
  • Specialized trading accounts
Start trading
Risk Warning
  • 4.1
    / 5
  • 4.3
    / 5
  • 10$
  • 1:30
  • 4
    / 5
  • 5$
  • 0$
  • 4.1
    / 5
  • FINRA, ASIC, CYSEC, FCA,
  • Yes
  • See review
Forex.com
  • Specialized trading accounts
  • 24/7 instant money withdrawal
Start trading
Risk Warning
  • 4.2
    / 5
  • 4.5
    / 5
  • 100$
  • 1:50
  • 4
    / 5
  • $0
  • $0
  • 4.5
    / 5
  • FCA, CFTC, NFA, CIRO, CIMA, CYSEC
  • Yes
  • See review
OANDA
  • Exceptional Execution
  • US Clients
  • Scalping
  • 3.9
    / 5
  • 4
    / 5
  • N/A
  • 1:50
  • 4.1
    / 5
  • N/A
  • N/A
  • 3.5
    / 5
  • CFTC, NFA
  • Yes
  • See review
  • 4
    / 5
  • 4.3
    / 5
  • N/A
  • N/A
  • 3.8
    / 5
  • N/A
  • N/A
  • 4.3
    / 5
  • FCA, CFTC, NFA, SEC
  • Yes
  • See review
  • 3.9
    / 5
  • 3.8
    / 5
  • 100$
  • 1:500
  • 4.1
    / 5
  • N/A
  • N/A
  • 4
    / 5
  • FSP
  • Yes
  • See review
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