User Management/Design: Custom build platform web/app
Company transparency: Legit
Site security: SSL
Deposit options: Credit/Debit Cards, Paypal, Neteller, Skrill, Rapid Transfer, iDEAL, Klarna/Sofort Banking, Wire Transfer, Online Banking
Affiliate: $50 per referral
Withdrawal: 1 Day
Investment: From $500
Profit: 29.1% average yearly (for the most copied traders in 2019)
User Review( votes)
(classified as trading/platform and investment)
“A Highly Recommended Trading and Investing platform”
- Facilitates trade in stocks and ETFs, cryptocurrencies, forex, commodities, and indices
- Offers multiple payment options.
- No markup on trading in stocks or ETFs.
- Copy-trading investment.
- No direct deposit in Cryptocurrency
eToro was founded in the year 2007. The company is headquartered in London, United Kingdom. The three founders of the company are David Ring, Ronen Assia, and Yoni Assia. eToro functions as a social trading investment network that allows traders to keep a tab on other investors active in the market and copy their trading plans.
The company is currently in the series E funding stage. It has raised $222.7 million of funding till date from 23 investors. OpenBook and WebTrade are products of eToro.
eToro supports three types of trading activities on its platform: trading in stocks and ETFs, cryptocurrencies and forex, commodities, indices.
Trading in stocks includes the following advantages:
#1. Free account registration
#2. Allows first deposit to be as low as $200
#3. No markup, ticket, or management fee required.
Trading in cryptocurrency comes with the following features
#1. Allows trading in cryptocurrencies without any deposit fee.
#2. Payments can be made via credit cards and Paypal.
#3. All features on the trading platform can be tested before starting the actual trading with a virtual portfolio of 100,000 dollars.
Trading in CFD (Contract for Difference) includes the following benefits
#1. Allows leverage up to 1:30 to its users.
#2. Stop-loss feature can be customized.
#3. Provides spread as low as 1 pip for EUR-USD and USD-JPY transactions.
As a platform, eToro does not charge any deposit fee. However, it charges a withdrawal fee of $5. There is an inactivity charge of $10 which is charged every month if the account remains dormant for 12 months at a stretch.
eToro is a unique trading platform that thrives on the collective power of the traders. In eToro, traders can share their live trading activities and can copy the strategies of experienced traders.
From the perspective of investing, the option to copy-trading is a valuable tool. For a minimum of $500, you are able to let the system copy one of the best traders and let them work for you effortlessly. And the platform offers a long list of active traders to pick from with many of them having a very nice profit record for the past 12 months.
The platform is a legit one that has remained operational for the past 13 years. Adding to its credibility, eToro uses the famous Hollywood star, Alec Baldwin, as its brand ambassador. Tagged as an emerging unicorn, our rating for eToro is 4.7 out of 5.0 and is highly recommended to join.