Create an Account on eToro
Deposit Funds
Search for your favourite/studied asset(s)
Buy the asset(s) and start trading
Welcome to our Etoro review on tradingreens.com, where we explore the features and benefits of this popular trading platform.
eToro review – What are cryptocurrencies?
Cryptocurrencies are a new form of currency called digital currency, with the first being developed by Satoshi Nakamoto. The most important thing about cryptocurrencies, and the way they distinguish themselves from other currencies, is their volatility as well as the fact that they are not affected by either regional or global economies. In essence, they offer a chance to earn money, as they can rise and fall in value big time. And since you can bet for or against them, you could potentially earn money regardless of which way the trend goes.
eToro review – What is eToro?
eToro is a multi-asset-platform that was launched in January of 2007. Back then three entrepeneurs wanted to create a trading platform that could revolutionize the trading scene. The goal of the platform was simple: Create a platform that allows everyone to trade, regardless of their level of expertise. On top of that, they wanted to ensure that the platform can be accessed from everywhere, allowing traders to trade on the go.
eToro review – Regulation of the platform
When trading, you always want to look for a platform that’s regulated, as it will ensure that your money is safe and secure. That way you can also rest assured, that there are no illegal activities going on in the platform.
eToro is regulated by the Financial Conduct Authority (FCA) and Cyprus Securities and Exchange Commission (CySec) as well as a few other authorities. That allows eToro to trade even the most popular stocks such as Facebook, Tesla or Google.
eToro review – Is this broker available in USA?
Any US resident may register and open an eToro account for free.
If your state is not yet supported, sign up and get to know eToro using your virtual portfolio. They will send you a notification as soon as is available to accept your deposits.
*These lists are subject to updates.
eToro review – eToro launches and expands its business
In 2009 eToro launched its modern and intuitive platform WebTrade, which included a couple of professional trading tools for both veterans as well as new traders. This opened the door for every trader, allowing many new players to join the trading game.
In 2010 Open Book followed, the world’s first social trading platform. This introduced the popular CopyTrading feature, which simply allowed traders to copy the moves of other successful traders, practically profiting from their strategies for a small fee.
Unlocking Financial Success: Empowering Beginners with eToro’s Copy Trading
Copy trading, a prominent feature on eToro’s platform, offers a valuable avenue for novice users to enhance their investment security while learning from seasoned professionals. This innovative tool empowers beginners by allowing them to replicate the trading strategies of experienced and successful traders on the platform with ease and precision. By following established investors, individuals can benefit from their expertise, diversify their portfolios, and make informed decisions without the need for an extensive background in trading.
This social trading feature on eToro provides a secure and accessible way for beginners to gain exposure to the financial markets while minimizing risk and gaining valuable insights from those who have already achieved success. It represents a valuable bridge for newcomers to transition into the world of trading with confidence and a greater likelihood of success.
eToro review – A mobile app for trades on the go
In 2012 eToro launched a mobile etoro app, which made the entire platform even more convenient. Now traders were able to use WebTrader and Open Book through a mobile app, allowing them to trade even when they weren’t in the comfort of their own home.
eToro also made sure to offer a proper mobile app, one that would look and feel exactly like the original platform, instead of the choppy designs known from some of the other platforms in the business. That way, regardless of whether you’re using a pc or your mobile phone, the eToro investment platform always just feels right.
eToro review – What can I trade on eToro?
eToro offers a wide variety of different assets for trade. You can trade classic stocks, you can invest in derivatives or commodities as well as ETFs and Indices. However, the cryptocurrency market on etoro is probably the most interesting aspect of the platform we stumbled across during our etoro usa review.
Over 160 cryptocurrencies are being traded on the eToro platform, among them some of the most popular ones such as etoro Bitcoin or Etherium, which we also tried out during our etoro bitcoin review. But there’s also some niche ones up for trade, which allows for potential profits. After all, Bitcoin also used to be a somewhat niche trading asset before its meteoric rise to being the most popular crypto coin, and now you can buy bitcoin with etoro too.
eToro review – What is the eToro Club?
The eToro Club is basically an account type that offers you certain features for a monthly fee, depending on how much money you have deposited. The eToro Club comes in five different tiers ranging from Silver all the way up to Diamond.
- Silver tier
The silver tier is available once you have deposited 5.000$ and grants you access to market webinars, smart portfolios and apps from our partners. You’ll also be provided with a staff member, who will oversee your trading success and help you out if any issues should arise.
- Gold tier
The gold tier offers the same perks as the silver tier as well as their own personal customer support and access to live webinars. You’ll also receive weekly market analysis updates by experts within the field. The gold tier is available once you’ve deposited 10.000$.
- Platinum tier
The Platinum tier offers the same perks as the Gold tier. On top of that you no longer have to pay any withdrawal fees and you’ll receive a 50% discount on exchange rates, which we confirmed during our etoro exchange review. You also get access to the best digital publications by a team of expert writers within the business. The platinum tier is available once you’ve made a deposit of 25.000$.
- Platinum+ tier
The Platinum+ tier offers the same perks as the Platinum tier. You’ll also get access to leading digital publications within the field of finances as well as sports and culture events.
- Diamond tier
The Diamond tier offers the same perks as the Platinum+ tier. On top of that you no longer have to pay the etoro exchange fees and you’ll be invited to the prestigious Diamond events of eToro.
eToro review – Fees
The fee structure on eToro was rather positive overall during our etoro broker review. Basically, all the etoro fees that are directly related to trading are rather low, while all the indirect fees may be a little higher than expected.
This means that eToro is particularly interesting for active traders, though even less active traders will still profit from everything eToro offers on their platform. Just make sure that you take all the fees into account when making your trades, otherwise, your potential profits won’t be as high as you thought. All in all our etoro fees review was quite positive.
Here’s a small overview of the fee structure:
| Asset | Fee | Description |
| S&P 500 CFD | Low | Fees via spread, 0,75 points avg. during peak |
| Europe 50 CFD | Average | Fees via spread, 3,00 points avg. during peak |
| EURUSD | Low | Fees via spread, 1 pip avg. during peak |
| Inactivity fee | Low | 10$ per month once you haven’t used your account for 1 year |
| Withdrawal Fee | Average | 5$ per withdrawal |
eToro review – Payment methods of eToro
eToro offers a wide variety of payment options for etoro usa traders, once again making it one of the more accessible platforms on the globe. You should be able to find a payment method that fits your requirements.
In order to give you a good overview of the different payment methods and their advantages and disadvantages we have listed them in the table below, alongside the maximum limits per deposit and some additional information.
| Method | Timeframe | Currencies | Max. deposit | Withdrawal available? | Additional information |
| Credit Card/Debit Card | Instant | USD, GBP, EUR and AUD | 40.000$ | Yes | Cards available: Visa, Visa Electron, MasterCard and Maestro |
| PayPal* | Instant | USD, GBP, EUR and AUD | 10.000$ | Yes | You must have a paypal account with funds, in order to use this option. |
| Neteller | Instant | USD, GBP, EUR | 10.000$ | Yes | You need to have an active account on Neteller |
| Skrill | Instant | USD, GBP, EUR | 10.000$ | Yes | You need to have an active account on Skrill |
| Rapid Transfer | Instant | USD, GBP, EUR | 5.500$ | No | You don’t need to register, but you’ll need access to your online banking. |
| Bank transfer | 4-7 days | USD, GBP, EUR | Unlimited | Yes | Please note down the Transaction ID to prevent delays in crediting the funds. If possible, transfer funds to the bank account in the same currency as your own bank account (USD, EUR or GBP), to avoid unnecessary bank charges |
| Online Banking – Trustly ** | Instant | GBP, EUR | 40.000$ | No | You don’t need to register, but you’ll need access to your online banking. |
| Payoneer | Instant | USD | 40.000$ | Yes | Payoneer deposits are only accepted in USD currency. If you use any other currency, you should use a different option. |
* PayPal is not available in some countries. For a list of unsupported countries, please visit the eToro website.
** *Accounts that haven’t been verified are limited to a total deposit amount of $2,250.
eToro review – Customer support
eToro offers customer support via email communication as well as chat. The latter, however, is only available to eToro club members, meaning normal users will have to resort to the slower email option instead of using the chat.
However, there’s also a big FAQ section available, that will help you with most of your questions and issues that may arise from using the platform. All in all the etoro customer service is rather good, although it’s definitely one of the things that can be improved on the platform. The etoro customer service number can be reached under 1-888-271-8365.
eToro review – Trading Tools & Features of eToro
As mentioned before, the platform houses multiple different trading tools and features, aimed at helping you and improving your daily trading experience, something we really liked when we went through our etoro trading review. Both stop loss and take profit are features that help you secure your money and potential profits, without you having to trade actively at all times.
You also have access to Tipranks market research tab, which allows you to get information from leading analysts, investors and experts within the financial business. This will greatly enhance your trading experience, allowing you to get the latest etoro news and assessments before making your decisions.
eToro review – Demo account
A demo account helps you get used to your new trading environment while also allowing you to try out different crypto trading strategies without having to risk your hard-earned money. During our etoro crypto review we found that eToro offers you a demo account, also known as a practice account, with 100.000$ of virtual capital.
This allows you to test the waters in a completely safe and risk-free environment. So instead of risking your money up-front, you can test the demo account to your heart’s content first.
eToro review – What makes eToro the best platform in 2024?
Pros of using eToro
- Intuitive trading platform.
- Assistive features
- More than 2,000 stocks and more than 250 funds are listed on 17 international markets.
- Cryptocurrencies, commodities and currencies.
- Good mobile app
- CopyTrading & Stop/Loss
- etoro staking for rewards
Cons of using eToro
- It is not suitable for advanced traders who like to perform technical analysis.
eToro review – Why should I use eToro?
- eToro is among the cheaper trading platforms when it comes to etoro crypto fees. Especially as an active trader, you will profit from the low trading fees, which in turn leads to more potential profits.
- eToro offers a practice account, which you can use to test out different trading strategies and get used to the etoro trading platform before putting your real money at risk.
- eToro offers a large selection of cryptocurrencies, both the most popular ones as well as some of the more niche ones. Cryptocurrencies are known for offering huge potential gains, as they are a rather volatile asset (see Bitcoins’ history).
- The platform is rather straightforward and easy to use. It also offers a mobile etoro app, which lets you trade on the go while offering all the same features of the desktop version of the platform.
- Social Trading and Copy Trading etoro allows you to learn and profit from other, more experienced copy traders on etoro and in our etoro copy trading review, this feature was pretty good. For a small fee you can practically share in the success of other users.
