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Here are our top findings on eToro:

eToro was founded in 2007 and is regulated in two tier-1 jurisdictions and one tier-2 jurisdiction, making it a safe broker (low-risk) for trading forex and CFDs.
eToro is outstanding for social copy trading and cryptocurrency trading, and is our top pick for both categories in 2021. In addition, eToro offers an user-friendly web platform and mobile app that is excellent for casual investors, consisting of newbies.

For trading forex and CFDs, eToro is somewhat costlier than most of its competitors, in spite of recently cutting spreads and introducing zero-dollar commissions for US stock trading. Likewise, eToro’s variety of conventional research study materials and tools is limited compared to its peers.
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Score of 91 out of 99. eToro is not publicly traded and does not run a bank. eToro is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and absolutely no tier-3 regulators (low trust). eToro is authorised by the following tier-1 regulators: Australian Securities & Exchange Commission (ASIC) and the Financial Conduct Authority (FCA). Learn more about Trust Score.|} eToro offers an overall of 2361 tradeable symbols. The following table sums up the various investment products available to eToro clients.

Usability: As a multi-asset broker, eToro goes above and beyond to make the experience smooth for traders. For example, eToro supplies the ability to choose in between CFDs versus trading the hidden asset directly from the trade-ticket window. Subtle, but very helpful.

Cryptocurrency: Cryptocurrency trading is offered through CFDs and through trading the hidden asset (e.g. buying Bitcoin). Note: Crypto CFDs are not offered from any broker’s UK entity, nor to UK locals.

Feature eToro
Forex: Spot Trading Yes
Currency Pairs (Total Forex pairs) 47
CFDs – Total Offered 2314
Social Trading / Copy-Trading Yes
Cryptocurrency traded as actual Yes
Cryptocurrency traded as CFD Yes

eToro is a market-maker broker and notes a normal variable spread of 1 pip on the EUR/USD, which is slightly higher than the industry average. When comparing fees alone, retail traders don’t select eToro for its spreads, but rather for its social copy-trading platform abilities (see Platform and Tools area listed below for more information).

VIP accounts: eToro uses a VIP club membership with 5 tiers varying from silver to diamond for traders who keep balances between $5k -$ 250k. Depending upon the level, advantages vary from a dedicated account supervisor to marked down withdrawal and deposit costs, access to private signals, and unique assets, to name a few VIP-style account advantages.

Popular Investor program: eToro’s Popular Financier program has 4 levels– from cadet to elite– where you can be qualified to receive various benefits. Gain from this program can range from spread rebates to a regular monthly payment and even a management cost for those who reach elite status. Popular Investor is for traders who allow other financiers to copy their strategy.

Is eToro trustworthy? Are The Fees From Coinbase Worth It

Cryptocurrency trading: Total, eToro has pricing near the market average for trading physical cryptocurrency, such as 0.75% for buying or selling bitcoin, while its fiat to crypto conversion cost is high at 5%. Meanwhile, transforming from crypto to crypto at eToro just costs 0.1% in addition to prevailing spreads. With a a great deal of crypto assets and both CFDs and the underlying, eToro is our top broker for Crypto Trading in 2021.

Exchange-Traded Securities: In addition to trading CFD shares, eToro also provides zero-dollar commission for United States stock trading (not readily available to United States financiers) and supports fractional shares. For more information, see our UK.StockBrokers.com evaluation of eToro. Are The Fees From Coinbase Worth It