Etoro Experiences

Account eToro it is intended for the average investor. Its ease of use and the ability to use social trading make it extremely suitable for those who are new to cryptocurrency and forex trading.

In this eToro experience overview, we will cover everything a trader needs to know before deciding to open an account and start trading on the eToro online platform. We will examine the experiences of etoro traders. From fees, minimum deposit to demo account to explaining how social trading works and finding traders who make money Whether you trade cryptocurrencies like Ethereum, Bitcoin or forex, eToro open trading to everyone through their stable and secure WebTrader platform.

Etoro Security

eToro traders' experiences confirm that this broker is definitely not a scam! They are regulated by several Financial Regulators such as:

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CySEC: Cyprus Securities and Exchange Commission. eToro (Europe) Ltd. has license number 109/10.
FCA: Financial Conduct Authority (UK). eToro (UK) Ltd holds registration # FRN 583263.
ASIC: Australian Securities and Investments Commission. eToro AUS Capital Pty Ltd holds license no. 491139.

When brokers are well regulated, it means they won't disappear with your funds or cheat you in any way that would cost them their license and the Commercial Court.

Also, with eToro you can be sure of the following:

All clients of the event benefit from an additional private insurance policy. This investment insurance policy covers losses incurred due to insolvency, subject to an excess amount. The policy, underwritten by Lloyd's of London, protects each client up to GBP 1 million. Insurance covers cash, all CFD positions and securities. Please note that positions in cryptoassets (non-CFDs) are not covered by insurance.
Client funds and financial instruments are segregated from eToro's assets.This separation ensures that your assets remain untouchable by eToro creditors in the unlikely event of intermediary insolvency. The assets of eToro's clients are safeguarded by top investment banks.
Each account is protected against negative balance. It may happen that under certain market conditions your available balance in your trading account becomes negative. Upon the occurrence of this event, eToro undertakes the absorption of this loss so that the client cannot lose more than what he deposited.

From the above, we see that the experiences of eToro traders confirm that it is a broker that has excellent security conditions and its structure guarantees a high level of client protection.

Platforms

Since the launch of the revolutionary trading platform eToro in 2010, the company has improved drastically in this field. The new platform incorporates the main features and products of the old trading platform, giving clients access to the best of both worlds from one trading interface.

In addition to being able to independently copy trades and trade while using the eToro experiences of other traders, eToro also enables its clients to earn additional income by becoming a "popular investor". As a popular trader, you allow others to follow your trading activities. After you manage to achieve the minimum number of copiers, you will be additionally rewarded with cash plus a commission on each difference.

In keeping with its reputation as an innovator in the industry, eToro has introduced the concept of a "portfolio" to be copied. The new service, aptly named "CopyPortfolios" will allow traders to copy a range of assets selected by eToro. These assets are categorized into Market CopyPortfolios and Top Trader CopyPortfolios

Types of Accounts

Etoro offers two types of accounts: a demo account and a real account. In both cases, in order to use the account, you need to register with eToro and it is available to both individuals and legal entities. Etoro offers a simple and fast account opening process. You enter personal and contact information on the official website. They will ask you for an identification document and proof of residence, i.e. a copy of your bank account or utility bill from the last 6 months. An easy "suitability test" follows, in which your basic financial knowledge will be determined and you are ready to register your account.

Products and Services

Etoro is primarily a CFD and forex broker. However, over the years, users have adapted to the requirements and expanded the offer of transferable securities. Using eToro services, you can trade not only CFDs, but also real shares, ETFs and cryptocurrencies:

Stock: more than 1,500 shares are available on 17 world stock exchanges.
ETFs: 145 ETFs issued by iShares, Vanguard, PIMCO, SPDR, etc.
Indices: 13 world indices that can be traded via CFDs. CFD can be found on DAX and Nasdaq, while the one on the Italian FTSE MIB is missing.
Forex: 47 currency pairs are negotiable: major, minor and exotic.
Commodities: 13 commodities can be traded via CFDs, including oil, gold and gas.
Cryptocurrencies: 17 tradable cryptocurrencies including Bitcoin, Ethereum, Ripple, Litecoin etc. In addition, with eToro you can also trade Crypto ratio with Fiat currencies, commodities and other Crypto such as BTC/EUR, ETH/EUR, ETH/BTC, GOLD/BTC and many others.

Although indices, forex and commodities are exclusively traded through CFDs, if we look at stocks, ETFs and cryptocurrencies, they can be traded by buying the actual respective assets. How? Whenever you open a long and unused position in stocks, ETFs or cryptocurrencies, eToro delivers the corresponding assets to your portfolio! If, on the other hand, you want to trade stocks or leveraged ETFs or want to open a short position, the respective assets are no longer bought but CFDs.

Minimum Deposit and withdrawal of funds

Etoro traders' experiences confirm very fast payment and withdrawal of funds with the following payment methods:

Credit / debit card
Wire transfer
Paypal
Neteller
Skrill
UnionPay
Sofort

Funds are paid immediately unless we use a bank transfer. In this case, the funds are usually credited within 1-2 working days. Withdrawal is done within 24 hours, but the funds will be available on our card or bank account usually within 3-4 working days.

User support

Customer experiences from eToro support are very satisfactory, even with the absence of phone support. Customer care is provided through two channels: Live chat and Support remarks. Both are active 24 hours a day, from Monday to Friday.
Live chat is only available to those who already have an account. Prospective users with questions can report them to eToro support on the eToro website via the complaints service. Etoro also provides a complete and well-organized Help Center on its website. You can find answers to your questions by using the customer service helpline, saving time that would otherwise be spent contacting support through other routes.

Etoro Experiences | Conclusion

After reviewing etoro's main features and the experiences of other traders, we can express general enthusiasm and a very positive opinion for this broker. Regulated by highly trusted and secure regulatory bodies, eToro is designed to be extremely tailored to the requirements of novice traders. Its ease of use and the adoption of social trading make it easy to adopt.

The range of products is satisfactory and we are sure that everyone will find something for themselves. Also, for those who decide to trade in shares whose shares are traded, they offer the possibility of trading without commissions!

EToro is truly top class in everything it offers. With its multi-functional, transparent social investment platform, 24-hour customer support, fast transaction processing and over 1000 trading products, this modern broker is definitely our and your best choice.

Positive

Min. Deposit 50$
Innovativeness
Ease of use
Support
eToropedia

Negative

There is none MT4 platform

eToro is a multi-asset platform that offers investing in stocks and cryptocurrencies as well as CFD trading.

Note that CFDs are complex instruments and come with a high risk of losing money quickly due to leverage. 68% 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 a high risk and lose your money.

Past performance is not an indicator of future results. The trading history presented is less than 5 completed years and may not be sufficient as a basis for an investment decision.

Copy trading is a portfolio management service provided by eToro (Europe) Ltd., which is authorized and regulated by the Cyprus Securities and Exchange Commission.

Investing in cryptocurrencies is not regulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

eToro USA LLC does not offer, represent or assume any responsibility for CFDs
accuracy or completeness of the content of this publication prepared by our partner
using publicly available non-entity-specific information about eTor.