eToro – Review 2022

eToro is a specialized social trading broker, trading multiple financial instruments such as stocks, forex, futures, options, and cryptocurrencies. The company with a global presence is authorized and regulated in several countries and was founded in 2007. It has offices in Cyprus, the United Kingdom, Australia and the United States.

General Information

Headquarter

Cyprus

Foundation

2007

Regulated by

FCA (UK), ASIC (AU), SySEC (CY), FSAS (SC)

Platforms

eToro platform

Type of broker

NDD

Tradable products

Stocks, Cryptocurrencies, ETFs, Indices, Currencies and Commodities

Office locations

UK, US, AU, CY

Min. deposit

$200

Max. Leverage

30:1 for retail clients and 400:1 for professionals

Spreads

Low

Payment method

Bank wire, credit/debit cards, PayPal, Neteller, Skrill

Additional Features

CopyTrading, CopyPortfolios

US residents

Only Crypto

Education

Trading Academy (Courses, Videos, Webinars, Guides)

Suitable for

Beginners

support@etoro.com

+44 02038687213

Kanika International Business Center (KIBC) 7th Floor, Germasogeia 4046. Limassol, Cyprus

Why trade with eToro?

eToro leads the technological-financial revolution worldwide. It is a social trading network with millions of registered users. They offer a wide variety of advanced investment tools applicable to the short and long term.

They operate a leading social trading platform for copy trading services. Their users can also access CFD professional, investment and trading accounts that allow them to trade in a wide variety of markets, from stocks, ETFs, indices, commodities and forex to cryptocurrencies.

eToro is a licensed and regulated broker worldwide and has an extensive network of subsidiaries. Some of the regulatory bodies include the Cyprus Securities and Exchange Commission (CySEC), the UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). Recently they are also available for the US market as they are a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). However, for now, American operators can only have access to transactions with cryptocurrencies and stocks.

Probably their most popular feature is the CopyTrader which allows users to open commission-free investment accounts and access CopyPortfolios available for use. They have their own platform that is very easy to use as well as a mobile application. Users can make deposits without commissions through various methods such as bank transfers, debit or credit cards and electronic wallets. They can also join the Popular Investor Program that makes their operations available to other users so it can be copied and earn money for it.

Like most brokers eToro also offers a lot of educational content ranging from market analysis and news to tutorials, podcasts and a trading school. In addition, you can access to the research carried out by CopyTrader providers, available on their own channels. To assist their users they have a Help Center.

All these facilities undoubtedly make eToro a formidable option for beginners and more advanced traders. The ones that could even improve your profitability by tracking expert trader transactions and their statistics from the platform itself.