eToro Review 2024: Pros, Cons & More

The Chatbot function uses artificial intelligence (AI) to answer queries 24/7. There’s also a 24-hour live chat function between Monday and Friday. Through Smart Portfolios, users can invest in a pre-selected collection of assets, which aim to diversify their holdings.

The different sections of the dashboard still focus on providing traders with the tools they need to trade but do it by creating something of a virtual dealing desk. The News Feed area, for example, offers a mix of official data announcements and the views and comments of other traders. While there are no fees for depositing funds, there are some currency conversion fees you are looking to convert your deposit from one currency to another. For example, converting an AUD deposit to USD base currency is charged 100 pips.

eToro Review 2025: Pros & Cons

It can be less appealing to those with sophisticated trading preferences or who want more comprehensive resources. Additionally, you should carefully understand the fee structure to avoid unnecessary surprises. Additionally, non-trading fees such as minimum withdrawal and inactivity fees can increase the overall cost of using the platform. We strongly recommend reviewing eToro’s fee schedule to understand how these charges may affect your total trading expenses before committing to the platform.

Account fees

You don’t pay anything extra beyond spreads, and carry costs if you choose to hold positions overnight. Factors that determine trust in financial services include proper regulatory licensing, operational history, adequate financial capital to ensure solvency, and a track record of excellent customer service. In all of these areas, eToro has proven itself more than capable of earning clients’ trust. EToro’s research offering is competitive and continues to improve year-over-year.

The eToro mobile app allows investors to access the platform on their smartphones or tablets. While it’s virtually the same as the desktop version, some notable differences and limitations exist. EToro customers can contact customer service through email, live chat or submitting a support ticket. WhatsApp and phone support are reserved exclusively for eToro Club members with $5,000 or more equity. Some users have expressed dissatisfaction with slow response times or delays in withdrawals.

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This is a high-risk investment, and you shouldn’t expect protection if something goes wrong. If you’re neither a beginner nor aspiring to become a crypto influencer, but simply want rock-bottom trading fees—or comprehensive access to assets other than crypto—eToro wouldn’t be your first choice. These options may appeal to more advanced crypto traders, who can earn annual rewards equal to up to 2% of their average balance for developing followers on the platform. It is safe to invest via eToro, as it uses SSL encryption to protect data transfers, verification to prevent fraud and segregation to keep users’ funds separate from their own.

The following table summarizes the different investment products available to eToro clients. Other top cryptocurrency platforms I recommend and personally use are Coinbase and Gemini. Both have new user incentives as well, with Coinbase offering up to a $200 sign-up bonus while Gemini is providing $15 in a crypto of your choice. Trading involves highly speculative products with significant risk, including the potential for loss of capital. Investments should only be made with funds designated as ‘risk capital’. EToro’s customer support is a little more spotty than other brokers.

Customer support options: 2 out of 5 stars

The eToro review by ForexFraud picks out the innovative nature of the broker’s platform. The eToro broker review by Blockonomi highlights the extensive range of instruments and strategies that the broker supports. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. EToro pursues a policy of transparency in terms of company information and conditions.

Is it possible to make money from eToro?

This exclusive program offers rewards like getting paid for assets under copy, providing global exposure by allowing millions of users to access your investment decisions. This feature is probably what gives eToro a competitive edge over its competitors. In simple words, social trading uses the power of the community to leverage investment decisions. It allows beginner and less experienced users to copy the practices of successful and seasoned investors in the CopyTrader feature. They can link and share insights with a global community of experts, ready to share their knowledge in a community-driven experience that benefits everyone. Trading on eToro can be profitable, but like any investing platform, there’s also significant risk.

• Their transparent approach to pricing extends to them providing well laid out schedules for each instrument, where all fees including financing rates can be found.
• Through Smart Portfolios, users can invest in a pre-selected collection of assets, which aim to diversify their holdings.
• The different sections of the dashboard still focus on providing traders with the tools they need to trade but do it by creating something of a virtual dealing desk.
• There are many risks that are specific to copy trading, outsourcing market risk to a third-party doesn’t reduce your exposure to price moves.
• EToro users who have at least $5,000 in their trading account (including invested cash), are granted automatic membership to the eToro Club.
• Like many other crypto exchanges, any U.S. residents can sign up for an eToro account but not all the platform’s features are available in every state.

Minimum trade: 4 out of 5 stars

It employs the highest standards for protecting users’ information and funds from unauthorized access. The broker is highly encrypted and secures your funds in a segregated account only accessible to you. Thanks to its copy trading, novice traders can mitigate their etoro investment risks as they follow in the footsteps of the industry leaders. With time, they can learn to develop their own investment strategies to maximize their profits.

• The platform walks you through the trading process, from helping you create an account to teaching you about the unique features available.
• Global customers can also avail themselves of competitive forex and CFD trading fees.
• EToro offers a wide range of cryptocurrencies, stocks and ETFs to trade, along with a free digital wallet for storing cryptocurrencies.
• In general, eToro has a favorable but not perfect rating among users.

The best element about exploring these assets with eToro is that you can make purchases or trade them as derivatives such as CFDs. If you are a beginner in the financial space, we recommend eToro for you. Not only will you enjoy over 3,000 tradable instruments, but also plenty of learning materials across many topics.

Other payments include overnight fees, spreads, and asset transfer fees. Moreover, it charges a conversion fee if you use a currency other than the USD. Well, for starters, you know that there will be no ill practices that involve manipulating your investments.

Read our full explanation and accounting of our research and testing process to learn more about how we test. Sign up with the link below and you’ll get a $10 bitcoin bonus for depositing $100 or more. Conversion fees, to be honest, are variable and may seem unclear especially to the untrained eye. In any case, everything is documented on the costs page, which you should read carefully. To withdraw money from eToro you must select the item Withdraw Funds in the menu, enter the amount to be withdrawn in dollars and fill out an electronic withdrawal form authorizing the operation.

This tool is primarily geared toward crypto, though there’s also an options trade feed with a copy button. However, the options feed lacked the same level of detail found in its crypto counterpart. The company also offers brokerage services and trading in other assets, like exchange-traded funds (ETFs) and stocks.