On the other hand, a few users state that response times on chat could be improved, and some questions need more personalized support than what it offers. In summary, there are support paths, which are good for quick questions but seem lacking if you need your hand held. Also, some users report occasional app lags, especially during high-traffic times. For many, though, eToro’s trading app is a great blend of simplicity and functionality, meeting the needs of social and newer traders well.
Is eToro A Regulated Broker?
It is recommended to copy-trade long-term traders with a proven track record of profitable months with minimal drawdown. While past performance does not guarantee future results, a thorough review and audit can be performed using eToro before allocating capital to copy-trade their strategy. In addition to commission charges levied on trades in some circumstances, other fees can apply. With over 30 million worldwide users, eToro is a popular investing platform with plenty of useful features. The platform is considered easy to navigate, and available through a browser or mobile app. Other top cryptocurrency platforms I recommend and personally use are Coinbase and Gemini.
Smart Portfolio
Newcomers to cryptocurrency who want to learn by doing so might be most at home on eToro. To verify this new account, eToro will send an application form to your email address and a checklist of documents to verify.4. Include the required documents to complete the new account checklist.5. After eToro verifies the new account, the personal account will be converted to a corporate account. EToro operates under solid global regulation and applies strong fund safeguards.
Best Coinbase Alternatives in 2025: Fees, Features & Security
The platform is regulated in the U.S. and holds the necessary licenses to operate, providing American users with a safe and legitimate trading environment. However, the crypto offerings may be limited compared to other countries due to specific U.S. regulations. The eToro mobile app is available on both Android and iOS devices and mirrors the desktop experience closely, so users can easily switch between devices without feeling lost. EToro rated 4.3 out of 5 on the Apple App Store and 3.8 on the Google Play Store. They do, however, charge a spread, which is a slight difference between the buying and selling prices of assets.
Trading Fees
Club membership and therefore available benefits are tiered according to an investor’s balance. You should always check with the product provider to ensure that information provided is the most up to date. Conversion fees, to be honest, are variable and may seem unclear especially to the untrained eye. In any case, everything is documented on the costs page, which you should read carefully. All other subsequent deposits must be at least $50, while by wire transfer the minimum amount is $500. Yes, eToro is a safe broker to use, with clients’ funds kept secured in tier 1 banks, and all of their personal information guarded under SSL encryption.
It also expanded into the Asian, Australian, and European markets. However, what caught everyone’s attention was the platform’s expansion into crypto, as it began offering users Bitcoin trading. 2017 saw the platform expand its crypto operations to include prominent crypto assets such as Litecoin, XRP, and others.
Social investing community
EToro is one of the best social trading platforms for crypto, and it allows its users to discover other traders, copy them, and follow their positions. EToro offers a crypto exchange that supports trading in 30+ cryptocurrencies, as well as an online brokerage platform with a limited selection of stocks and exchange-traded funds (ETFs). This platform’s social features and active community make it a good option for people who prefer a more communal trading experience. But if all you want is a reasonably priced crypto exchange, eToro’s high trading fees may seem a bit steep. The eToro platform was also one of the first to offer support for digital currency trading, adding support for Bitcoin (BTC) trading in 2013.
U.S. users benefit from 24/5 trading on about 100 U.S. equities, including extended hours with all order types active. Smart Portfolios let you access diversified, theme-based baskets quickly. With 40 million registered users, 3.63 million funded accounts, and $17.5 billion AUA as of H1 2025, eToro demonstrates significant scale etoro and sustained operational strength. These figures reinforce its established presence in global retail investing. Every new user receives a virtual portfolio with $100,000 in practice funds.
I’m able to trade an impressive selection of 46 extended-hours stocks in my real-money account. On the downside, day traders, scalpers, and algo traders may feel disappointed that there’s no choice of account conditions, such as raw ECN pricing. If this is important to you, IC Markets is an excellent alternative. The single live account offers a beginner-friendly $10 minimum deposit and can be opened easily within minutes. Stay up to date with our latest exchange reviews, promotions, how-to guides and educational articles on Bitcoin, cryptocurrency & more.
- EToro offers traders hundreds of assets to invest in, both as CFDs and as underlying assets.
- However, this type of account is only offered to traders meeting specific criteria.
- EToro does offer live chat support and a simple ticketing system to report issues.
- In addition, eToro is known for being more user-friendly and offering a wider range of assets beyond cryptocurrencies, including stocks and ETFs.
In addition, eToro is known for being more user-friendly and offering a wider range of assets beyond cryptocurrencies, including stocks and ETFs. EToro is a popular multi-asset brokerage firm that covers financial investment services in stocks, commodities, exchange-traded funds (ETFs), foreign exchange, and cryptocurrencies. It has also become a popular social network for its users to connect with like-minded traders and join a community to discuss trading strategies. Traders frequently use the social network to find and automatically copy-trade successful traders and portfolios.
- While eToro remains a best-in-class educational broker, a clearer organization of educational content and tutorials would further help to balance eToro’s video content in this category.
- You can also view top trader portfolios and consider these options for your investments.
- To create a new account, go to the eToro website and click on “Join Now.” After this, you will be prompted to enter your email address and a preferred username.
- This is a significant benefit for users purchasing or selling crypto in USD.
- IYou may have seen some of the ads for eToro and are now thinking, “Is eToro safe” or “Is it worth it?
- These financial bodies regulate all eToro entities to ensure they protect their investors’ assets while promoting orderly and stable markets for options trading online.
Overall, eToro stands as a legitimate and well-regulated platform—yet users should understand regional differences in protection clearly. In many other regions, stock orders may carry $1–$2 per trade, depending on the country and exchange. Continue reading for a detailed breakdown of how eToro charges for trading and non-trading activities. EToro has a very user-friendly and intuitive user interface, which makes it significantly easier to navigate and complete transactions, even for beginners. As of August 2023, the eToro platform has over 32 million users globally.
In March 2023, eToro teamed up with robo-advisor, Moneyfarm, to offer customers a stocks and shares ISA. Moneyfarm provides a range of ready-made investment portfolios in a number of categories, and provides a recommendation based on a user’s stated preferences. Investments in a currency other than sterling are exposed to currency exchange risk. Currency exchange rates are constantly changing which may affect the value of the investment in sterling terms. You could lose money in sterling even if the stock price rises in the currency of origin. EToro is one of my favorite cryptocurrency brokerages with an easy-to-use platform that beginners will pick up quickly and veteran traders appreciate for its simplicity.
They can choose their own collection of assets, or a ready-made Smart Portfolio. Just bear in mind that the minimum investment for Smart Portfolios is $500. As a multi-asset investing platform, eToro gives users the option to invest stocks and ETFs all in one place, as well as offering additional functions.
If needed, support can adjust the simulated balance within platform-set limits. You select a Popular Investor, allocate at least $200, and copying begins in real time. You can stop copying at any time and can also add a stop-loss limit to close the copy if losses reach a threshold. Coinbase is very popular, especially in the United States, but its fees are higher than those of Fazil Crypto. Although it is a very secure platform, Fazil Crypto also provides high levels of security, especially for users in Spain and other European countries. EToro Money is a money account directly managed via a mobile application.
