Address:
Phone:
Email:
Authorised and regulated by several financial authorities, including the top-tier Financial Conduct Authority (FCA) in the UK, eToro provides a safe and secure place to trade for its global community of more than 12 million registered users.
But is eToro the right broker for you? In this eToro broker review, we’ll be taking a look at everything you need to know about this broker, including account types, regulation, trading platforms and more.
Making a deposit or withdrawal is incredibly straightforward with eToro, which offers users plenty of payment methods to choose from. These include:
Withdrawal times will vary depending on the payment method you opt for, but generally speaking you can expect the following:
| Payment provider | Timeframe |
| Credit/Debit card | 3-8 working days |
| PayPal | 1-2 business days |
| China Union Pay | 1-2 working days |
| Neteller | 1-2 working days |
| Skrill Limited UK | 1-2 working days |
| WebMoney | 1-2 working days |
| Bank Transfer/Wire Transfer | 3-8 working days |
It’s worth noting that eToro charges a flat fee of $5 on all withdrawals with the minimum withdrawal amount set at $30. Since eToro only allows trading in US Dollars, any deposit you make will automatically be converted into USD. This will bring with it an unwanted currency conversion fee that can’t be avoided unless you make a deposit in USD. Conversion fees start from 50 pips and will be subtracted from your final account balance.
While eToro’s bread and butter may be social trading, there is still an extensive Forex offering for traders. eToro offers its users access to a wide variety of currency pairs, including majors, minors, and exotics. In total, there are 47 currency pairs to choose from.
eToro offers users a wide variety of CFDs to choose from that include Indices, Currencies, Commodities, Stocks and ETFs.
eToro offers its users over 2,000 stock CFDs to choose from. Users can choose from a wide range of stocks covering everything from Basic Materials to Utilities, or filter by over 20 exchanges such as the London and New York stock exchanges.
While eToro’s bread and butter may be social trading, there is still an extensive Forex offering for traders. eToro offers its users access to a wide variety of currency pairs, including majors, minors, and exotics. In total, there are 47 currency pairs to choose from.
eToro offers users a wide variety of CFDs to choose from that include Indices, Currencies, Commodities, Stocks and ETFs.
eToro offers its users over 2,000 stock CFDs to choose from. Users can choose from a wide range of stocks covering everything from Basic Materials to Utilities, or filter by over 20 exchanges such as the London and New York stock exchanges.
A major positive attribute of eToro is that they are highly transparent about their fees. It is important to note that they charge a withdrawal fee of $5 with the minimum withdrawal being $30.
The collective wisdom of millions of investors is at your fingertips.
Learn, share your experience and join the conversation.
Building connections leads to building confidence.
Since beginning operations in 2007, many organisations have conducted their own reviews and honoured it with multiple awards. Oddly enough, eToro does not readily list these honours on its website. In 2010, it earned a World Finance Award for “Most Innovative Trading Platform.” In 2016, it was one of CNBC’s “10 Fintech Startups Worth Watching.” FINOVATE honoured it with “Best of Show” in 2015 and 2017. In 2019, ADVFN honoured it with “Best Social Trading Platform” and “Best Platform for Trading Cryptocurrencies.”
68% OF RETAIL CFD ACCOUNTS LOSE MONEY
