eToro Forex Review 2025: Pros & Cons

It’s not trying to be a full-service brokerage — it’s a social investing platform first, with trading tools built into the experience. If you’re looking for a community-driven approach to investing, where you can discuss trades, follow other investors, and gain insights in real time, eToro delivers. The platform thrives on collaboration, offering a unique mix of discussion threads, sentiment-driven research, and copy trading that traditional brokers simply don’t have.

But ‘cashing out’ is only possible by shutting down the whole portfolio. None of the information on this website is investment or financial advice. The World Financial Review is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients.

Minimum Deposit on eToro

This thought gains further ground when navigating the FAQ-style Help and Education section. Guiding traders to be self-starters in terms of problem-solving can, in the long run, make them more knowledgeable and independent. On the other hand not being able to access customer support can become an issue when money is at stake.

Type of Trading Accounts on ETORO

51% of retail investor accounts experience losses when trading CFDs with this provider. You should carefully consider if you fully understand how CFDs work and if you can bear the high risk of losing your funds. EToro has taken social trading to the next level with an innovative investment product called Smart Portfolio (formerly known as CopyPortfolio). This feature allows investors to buy bundles of thematic assets or invest in the results of several top traders in one go. However, the cornerstone of eToro’s offerings is its renowned copy trading feature. This allows you to automatically replicate the financial operations of an experienced trader, known as a popular investor, simplifying the process of learning and executing successful trades.

Although on some forums many opinions claim that eToro is a scam, the company is regulated by FCA and has always demonstrated impeccable conduct. It is important to distinguish a scam broker from a broker with some flaws (e.g. high commissions). Plus500 doesn’t allow copytrading, but has better customer service than eToro.

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EToro.com is a good alternative for you who want to invest in cryptocurrencies, CFDs and stocks. There’s no fee to participate—popular Investors are compensated by eToro—and once you’ve made your trading portfolio, you can apply to be a Popular Investor yourself. You will also pay a crypto transfer fee of approximately 2% of up to a maximum of $100 on most major coins like Bitcoin, Ethereum and XRP (XRP), to name a few. Crypto-to-crypto conversion rates, based upon eToro market rates, cost 0.1%. Security protocols for crypto include offline and online storage of coins, two-factor authentication and state-of-the-art monitoring tools. In addition, no member of the eToro staff can transfer users’ crypto out of storage.

You can trade stocks, cryptos and a variety of financial instruments, copy successful traders and profit from their successful moves, or invest in CopyPortfolios to buy packages of shares and ETFs. However, remember that online trading also involves many risks of losing your capital. Currently, eToro has a ‘great’ rating of 4.1 out of 5 stars on Trustpilot, based on 25,866 user reviews. Customers with a positive experience of the investment platform cited its ease of use as a highlight. Many found setting up an account and getting started with investing simple using the online platform and the eToro app. There are also CopyTrader portfolios which allow users to automatically replicate the portfolios of successful investors on the platform.

Regardless of whether you are copy trading or self-trading, it is essential to consider the security of the broker that will be holding your funds. From an operational risk perspective, eToro scores highly for using the latest 128 SSL technology to encrypt and protect its user’s data. Topics covered include market sentiment, which means these reports run in parallel to the tone of the site, being one where traders can share ideas on market sentiment with each other.

Research and market analysis

It’s my goal to ensure that as many people as possible can make informed decisions about their money, and get the most out of their finances with the least amount of stress. EToro also charges inactivity fees of $10 per month as soon as the account has not been used for a year. This means a fraudster would need access to both a user’s log-in details and either their email account or phone to pass as them. Investors can also select two-factor authentication (2FA) for an extra layer of log-in security. This will send a SMS verification code to a user’s phone which will need to be entered to access their account.

• Users on eToro can trade cryptocurrency, stocks, options and ETFs, and its innovative trading platform lets investors mirror select traders with successful track records, move-by-move.
• EToro also has a minimum investment requirement of $100, unless you’re testing the waters with a virtual portfolio.
• A core element of the eToro offering is the copy trading and social trading services it provides.
• EToro is a unique social trading platform that allows beginner traders to learn and improve their trading practices.

The platform is considered easy to navigate, and available through a browser or mobile app. EToro is definitely a legit and safe platform, as it’s regulated by several reputable regulatory bodies that ensure compliance with strict standards. This multi-layered regulation guarantees that eToro provides a secure trading environment for its users worldwide. Because of the mixed reviews, eToro lost two points in customer support rating. Users have polarized options regarding the quality of customer support interactions.

Demo account holders can use virtual funds to try out copy trading prior to deciding if using real cash is for them, or not. This is a particular plus point for eToro, as the concept will still be new to many users and some brokers don’t offer Demo accounts which cover Copy Trading. The same Demo account supports self-trading as well, so users can get hands-on experience of what it’s like to run exposure to that type of trading as well. Established in 2007, eToro rode the wave of the Fintech revolution to become arguably the world’s leading social trading platform. In 2009, eToro released its cutting-edge WebTrader platform that enabled anyone, anywhere to trade financial assets online. EToro is trusted by over 30 million traders globally and is licensed to hold client funds and provide brokerage services in numerous countries.

It covers a good range of markets, has pricing that is in line with the rest of the market and has developed a proprietary trading platform that provides a very user-friendly way to trade the markets. The platform provides a range of ways in which traders can familiarize themselves with the Lead traders. These range from the sharing of performance track records through to video profiles of highlighted traders. The administrative side of setting up a copying relationship is very straightforward and can even be done in Demo account format. Not all copying platforms provide the opportunity to copy a trade using virtual funds, so this is a plus point for eToro. This involves hooking up their trading account to that of the Leader so that following accounts automatically open and close positions whenever the signalling account does.

This concept is relatively new and increasingly popular, and eToro has done well to develop a reputation for delivering the service in a way that appeals to new users. EToro offers markets in cryptocurrencies, forex, commodities and stocks and the different corporate entities of the group are regulated by ASIC, CySEC and the FCA in the UK. EToro can act as a market maker or agency broker, depending on factors such as which eToro entity holds your account. Market maker brokers act as the counterparty to your trade, while agency brokers send your order to other market makers in return for rebates, profit-sharing, widened spreads and commissions. The ease-of-use factor is high, and eToro delivers nearly all the same features across both its web platform and its mobile app, which multi-device clients will appreciate.

EToro is a leading trading and investing platform that’s recognized for its stock and crypto broker services. Its standout feature, copy-trading, allows users to reproduce the trades of other investors on the platform. In addition to stocks and cryptocurrencies, eToro provides Smart Portfolios — diversified portfolios of crypto assets managed by eToro. 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).

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• It’s sort of like Reddit, but with a laser focus on crypto trading.
• However, they also differ in areas like fees, the selection of assets, applicable regulations and available customer support.
• Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets.
• It is important to distinguish a scam broker from a broker with some flaws (e.g. high commissions).

As your investment increases, you’ll need more resources to help you understand the market dynamics like in-depth analysis tools and advanced charting options. Now, it’s time to highlight how eToro performs with respect to the predetermined criteria. These factors play a big role in affecting your decision when picking an online trading platform. On the other hand, some users have reported inconsistency with the speed and quality of response, with some delayed answers. They felt the need to contact the customer support employees several times, which can be inconvenient when dealing with an emergency, especially if you’re a novice trader. The platform walks you through the trading process, from helping you create an account to teaching you about the unique features available.

It creates a valuable learning opportunity, allowing beginners to learn the best trading practices from the industry’s leading investors. Sometimes we recomend online services such as brokers, companies or trading platforms. In some cases we earn a comission from the companies but we would never recomend a company that we dont strongly like. Smart Portfolios take a different approach, functioning like traditional asset allocation models but for crypto. They’re consistently rebalanced and structured with exposure, balance, and risk in mind, offering a more systematic way to invest in digital assets.

Its appeal stems to a large extent from its ability to offer a combination of self-trading and social/copy trading. While eToro has pioneered trader-to-trader etoro methods of communication, they offer much less in terms of traditional broker research and education resources. The traditional model where a broker develops and hosts a range of research materials is not a model that eToro follows. There are some videos and tutorials on offer but these focus on getting the novice and intermediate trader up to speed rather than stretching or challenging the more experienced trader. The eToro app is available in Android and iOS format and provides all the same functionality of the desktop service. The mix of self-trading and copy trading is seamlessly copied over onto tablet and phone, as are the news and social trading functions.