It also has more advanced trading tools like margin trading, options contracts, and trading bots. EToro’s Learning Academy educates you on trading and investing through clear, accessible resources. You explore lessons on market basics, such as how stocks work, and advanced topics, like technical analysis. Regarding personal safety measures, eToro uses SSL encryption to secure your information when you access their platform. Plus, the platform keeps user funds in segregated accounts separate from operational funds. This means that even in the unlikely event of insolvency, your funds remain accessible.
EToro offers a slew of different financial features that let you invest just about any way you want to. EToro is one of the leading social investing platforms out there today. Start exploring eToro with a $100,000 virtual portfolio, and see if it fits your goals — before risking any real funds.
EToro also offers opportunities for earnings through crypto staking, where users can hold certain coins to earn passive income. For example, users can see Tesla’s past price trends and financial stats to understand its value. The Charts section provides price data with over 70 technical indicators, such as moving averages, to analyze market trends. Additionally, the Research tab includes analysts’ opinions, with consensus ratings and price targets from experts. If you want a more hands-off approach, eToro’s copy trading is made for you.
EToro’s website and app are considered easy to navigate, which could be particularly helpful for those new to investing. 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. However, no content should be relied upon as constituting personal advice or a personal recommendation.
- The rewards vary by membership level, so if you’re a “Non-Club” member, you get to keep 45% of the rewards, while a “Diamond” member keeps 90%.
- This includes popular stocks, currencies, commodities, and indices.
- Unfortunately, the online investment industry is not immune to these and other fraudulent attempts to swindle users out of their money.
- Investing carries inherent risks, including the potential loss of principal.
- From award-winning features like CopyTrader™ to a wide selection of over 7,000 assets, eToro offers a unique blend of traditional investing and modern fintech innovation.
🇧🇪 TOB (“beurstaks” / “taxe boursière”)
On eToro, you actually trade Contracts for Difference (CFDs), so you’re betting on price changes without actually owning the assets. Their mobile app is user-friendly and works smoothly for tracking portfolios, checking charts, or managing your trades on the go. There’s also a separate eToro Money wallet app that lets you hold crypto securely. The SIPC is the nonprofit organization that takes care of retail investor accounts who lose money due to their brokerage going out of business. EToro is a commission-free trading platform for stocks; you won’t pay any fees when you make an equity trade. EToro is widely recognized for its clean, intuitive interface — whether you’re trading on desktop or using the mobile app.
Whether you’re a traditional investor focused on stock market equities or someone keen to access the digital investment market via cryptocurrency, eToro sets out to serve your needs. UK clients benefit from FSCS protection up to £85,000 if eToro were to go bankrupt. Client funds are also held in segregated accounts, separate from eToro’s own money.
Education – eToro’s Learning Academy
EToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Mobile apps
The staking options of eToro let you earn between 4% to 6% APY on crypto assets like Ethereum, Solana, Cardano, and Tron, but there’s a catch. The rewards vary by membership level, so if you’re a “Non-Club” member, you get to keep 45% of the rewards, while a “Diamond” member keeps 90%. In August 2024, it started charging a commission fee of $1 per trade on stocks listed on exchanges in the UK, Europe and the US.
- New investors, social trading users, and those who prefer a single app for stocks, crypto, and demo practice.
- Any information provided does not consider the personal financial circumstances of readers, such as individual objectives, financial situation or needs.
- The FCA is renowned for its rigorous standards, which require eToro to maintain high levels of transparency, financial stability, and consumer protection.
- EToro lies somewhere between a trading site and the social media of online brokerage, but unlike other social brokers with multiple traders, you can learn from or copy trades directly.
- The terms and conditions that you accepted while registering specify the relevant entity and regulations that are applicable to you.
- It’s easy to set up a watchlist and check prices in real-time across assets, including stocks, ETFs, and certain cryptos.
Our Platform
Our clients’ funds are kept secure in top-tier banks and all of their personal information is guarded under SSL encryption. Our goal is to provide you with a secure online space where you can feel safe to invest, transact, and connect within our community. With novice investors in mind, eToro offers a feature whereby you can select investments to match those of a named individual who has a track record of running a successful portfolio. Overall a user friendly platform and best option for retail investors. Customer service is exceptional with prompt replies, especially as you progress on the Club Tier. Probably the investment block is related to this.Appalling treatment.
Now let’s break all of eToro’s fees by asset (but don’t forget that overnight and weekend fees may apply and affect what you pay). The club members of the platform can also reach Trading Central, a highly celebrated hub for market research and analytics. The members can access eToro’s Analyst Weekly series, which includes insights on market events, penned by eToro’s in-house team of analysts. The series is largely based on fundamental analysis metrics and lacking in technical analysis commentary.
You can find traders that match your investment portfolio by setting parameters of risk score, preferred assets, number of trades, average order size, and more. However, spreads still apply, and additional charges may occur for withdrawals, inactivity, and currency conversion. Always review the full fee table to understand your real trading costs. Cryptocurrencies markets are unregulated services which are not governed by any specific European regulatory framework (including MiFID) or in Seychelles. There’s a 1% fee on crypto trades, withdrawal fees, and inactivity fees. These fees can reduce profits, especially for those who etoro forex broker review don’t trade often.
eToro risk management & governance
Regular audits happen to ensure these security features are effective. EToro also charges a small percentage fee when trading crypto, set at 1% for each buy or sell transaction, with no additional hidden charges. For USD accounts, though, the fee is consistent regardless of the withdrawal amount, though eToro does set a minimum withdrawal threshold of $30 for USD. But if you decide to withdraw funds, you’ll be charged a flat $5 fee per transaction unless your account is in GBP or EUR, where some exceptions may apply.
In fact, we went a step further and opened personal accounts on the platform ourselves. This allowed us to experience firsthand the safety measures implemented by eToro and assess its reliability. In the following sections, we will share our findings to help you make an informed decision about the safety of eToro as a broker in the UK. Many users left positive remarks about eToro’s user-friendly and stable platform along with the dedication of their account managers.