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eToro

The social investment network that connects traders from around the globe and enables them to share...

eToro

eToro Reviews and Details

This page is designed to help you find out whether eToro is good and if it is the right choice for you.

Screenshots and images

  • eToro Landing page
    Landing page //
    2018-11-11

Features & Specs

  1. User-Friendly Interface

    eToro offers a highly intuitive and easy-to-use platform that appeals to both novice and experienced traders.

  2. CopyTrader Feature

    Allows users to copy the trades of successful traders, benefiting from their expertise and potentially improving their own trading outcomes.

  3. Wide Range of Assets

    eToro provides access to a broad spectrum of assets, including stocks, cryptocurrencies, forex, and commodities, enabling portfolio diversification.

  4. Social Trading Community

    Encourages interaction among users, where they can discuss strategies, share insights, and learn from each other.

  5. Commission-Free Trading

    Offers commission-free trading on stocks and ETFs, making it cost-effective for long-term investors.

  6. Regulated and Secure

    eToro is regulated by multiple financial authorities, providing a level of trust and security for users.

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Videos

eToro Review 2020 - Pros and Cons Uncovered - the diary of a trader

Etoro - Why do 76% Lose Money? (February 2019 Statistic)

Is Etoro A Scam? Will They Steal My Money?

Social recommendations and mentions

We have tracked the following product recommendations or mentions on various public social media platforms and blogs. They can help you see what people think about eToro and what they use it for.
  • Warning on Gemini Exchange!
    This morning I completed the signup process for etoro.com and the site even accepted my Dom. Rep. Plhone number for 2FA. Then, in looking around at the site, I found the warning that the service is not available to U.S. Citizens who are not residing in the U.S. Maybe I could have used the site and be in violation. But that's exactly what I want to avoid, having a problem and needing support, and then being told... Source: over 4 years ago
  • Etoro
    It's a legit trading service. I've been using it for investments myself. Are you sure you're using the real etoro site? It's etoro.com. Source: over 4 years ago
  • Time to buy, you can get 1 million shiba for about $37
    Use Webull.com or etoro.com. Both are free trading. Source: over 4 years ago
  • ETORO referral program! +$50 offer ($100 required) (referral code required!) 18+
    Use my refer link (first 10) : https://etoro.tw/3lFOOJu . Or a friends , this one doesn't work without a referral link! , unreferral link : etoro.com, (this will not give $50). Source: over 4 years ago
  • A Crypto exchange like M1 Finance for stocks?
    Maybe something like https://etoro.com. Source: almost 5 years ago
  • Progress Report: Reply from ETORO re. wen DRS for GME? No Surprises, but it looks like They Would Really Like To Hear From Ape-clients If This is Something Apes Want. Maybe they are full of shit, but I think it is worth pressuring them over. Takes five minutes so submit a ticket/reach out to a rep.
    How many investors does etoro have? Google says 20million (hit from etoro.com from march 2021).. 5% of 20million is 1million. Source: almost 5 years ago
  • Done. Transferred half of my shares to Drs CS. Iโ€™m smooth but I trust you apes. Lesssss go!
    I got XX shares on etoro.com, I contacted the support but it seems like there is no way to transfer my shares to CS, though etoro said they were 100% not lending out shares at all. Source: almost 5 years ago
  • etoro and welthee comparsion
    Hey what do you think of welthee and etoro? They look pretty similar to me tbh but welthee have a thing called risk 0-so I think it greater. Source: about 5 years ago
  • NORWEGIAN AIR SHUTTLE
    Yes it is, otcmkts , etoro.com and interactive brokers ticker $nwarf or $nas.ol. Source: about 5 years ago
  • Norwegian air Shuttle stock $Nas.ol /$Nwarf saved from bankruptcy update
    You can buy it US in otcmkts and etoro.com and interactive brokers. Source: about 5 years ago
  • DOGECOIN DAILY DISCUSSION - 12th May. YOU!
    Agreed; robinhood should allow transfer to wallet. etoro.com will let you buy and then transfer to a wallet. Source: about 5 years ago
  • DOGECOIN DAILY DISCUSSION - 12th May. YOU!
    The easiest way to buy I know of is on etoro.com or robinhood app on phone. Source: about 5 years ago
  • ETORO CLOSES TRADES AUTOMATICALLY AT 1000 %. JUST CONFIRMED VIA EMAIL
    I have had multiple emails with my personal agent and they always include phonenumbers and logos etc at the end of the email. Not just a simple ending like: your social investment network etoro.com. Source: about 5 years ago
  • Polkadot for WA state residents
    Etoro.com - The website landing page looked very tacky, and I did not even proceed one step further. Source: about 5 years ago
  • Don't Be Afraid Of Etoro Just Yet
    On anything I try to read on etoro.com right now. Source: over 5 years ago

Summary of the public mentions of eToro

eToro, a prominent player in the financial technology sector, specializes in investment and trading platforms primarily in stocks, forex, commodities, and cryptocurrencies. The social trading features allowing users to mimic the trades of others have gained it a substantial user base, reportedly surpassing 20 million globally. However, the platform is also the subject of mixed sentiments, reflecting a diverse range of experiences and opinions among its users and industry observers.

Positive Aspects:

  1. User-Friendly Interface: Many reviews favor eToro's intuitive platform, which is highlighted as being particularly beneficial for beginners. The ease of use is repeatedly cited as a reason for its wide adoption, especially among novice investors seeking an accessible entry into investing.

  2. Social and Copy Trading: eToro is renowned for its social trading features, which allow users to follow and replicate the investment strategies of successful traders. This feature has been highlighted as a standout advantage, appealing to users who prefer a community-driven approach to trading.

  3. Commission-Free Trades: eToro offers commission-free trading for stocks and ETFs in Europe, which is appealing to cost-conscious investors. However, it is important to note that these benefits do not extend to all ETFs and are not available to US investors.

  4. Diverse Asset Offering: The platform's diverse investment options, including stocks, forex, commodities, and cryptocurrencies, provide users with a broad spectrum to build their portfolios.

Challenges and Criticisms:

  1. Hidden Fees: While eToro markets commission-free trades, users and analysts often point out hidden fees, such as conversion fees, due to all trades being conducted in US dollars. This can obscure the actual cost of transactions, leading to user dissatisfaction.

  2. Limited Cryptocurrency Offering: Despite its wide global coverage, eToro is sometimes criticized for having a limited range of supported cryptocurrencies compared to its competitors. This limitation can be a dealbreaker for crypto enthusiasts seeking comprehensive options.

  3. Regulatory Disclaimers: eToro's communications often feature significant disclaimers regarding the high risk of trading CFDs, which is a concern as 78% of retail CFD accounts reportedly lose money. Such statistics are likely to dissuade risk-averse individuals.

  4. Service Limitations: US users residing outside the country face restrictions, which can cause user confusion and dissatisfaction. Additionally, some have reported challenges in transferring shares to other platforms, adding to the frustration.

  5. Comparative Analysis: In comparisons with competitors like DEGIRO and smaller niche platforms, eToro sometimes falls short on cost-effectiveness for specific investment opportunities, such as certain ETFs. This comparative disadvantage is notable among discerning investors looking for optimized cost efficiency.

Overall, while eToro's strengths lie in its social trading capabilities, user-friendly interface, and broad asset availability, potential customers need to be mindful of the associated costs and geographical limitations. The platform is best suited for individuals who prioritize a community-guided investment approach but should be approached with an understanding of the potential for hidden costs and recent critiques.

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Is eToro good? This is an informative page that will help you find out. Moreover, you can review and discuss eToro here. The primary details have not been verified within the last quarter, and they might be outdated. If you think we are missing something, please use the means on this page to comment or suggest changes. All reviews and comments are highly encouranged and appreciated as they help everyone in the community to make an informed choice. Please always be kind and objective when evaluating a product and sharing your opinion.