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eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
With over 3,000 tradeable symbols, including CFDs, forex, and exchange-traded securities, eToro offers a comprehensive – albeit slightly pricey – trading experience.
- Minimum Deposit: $10-$10,000
- Trust Score: 93
- Tradeable Symbols (Total): 3458
eToro pros & cons
Pros
- 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 excellent for social copy trading and cryptocurrency trading and was our top pick for both categories for our 2023 Annual Awards.
- Fantastic for ease of use thanks to its user-friendly web platform and the eToro mobile app that is great for casual and beginner investors.
- eToro continues to expand its available range of markets as a multi-asset broker with over 3,000 symbols available.
- Offers indemnity insurance of up to EUR 1 million per client in the EU, the U.K., and Australia.
- VIP-style perks are available for club members and popular investors that reach higher tier status.
Cons
- Trading forex and CFDs at eToro is slightly pricier than most of its competitors, despite recently cutting spreads and introducing zero-dollar commissions for U.S. stock trading.
- eToro’s range of traditional research materials and tools is limited compared to its peers.
- Automated (algorithmic) trading strategies are not supported at eToro.
- Mandatory stop-loss and take-profit may hinder certain trading strategies.
- Trading Central research and tools are only available to certain eToro Club members who have reached higher Club tiers.
