eToro

  • Name : eToro
  • Website : etoro.com
  • Established : 2007
  • Regulation : CySEC, MiFID, FCA
  • Country : Cyprus
  • U.S. Clients Allowed : No?
    Due to strict US regulation many brokers aren't able to accept traders with US citizenship.
    See our list of recommended brokers that do accept US traders.
* Ranked #18 of 316 in DailyForex's top broker list

Info

Name : eToro
Website : etoro.com
Established : 2007
Country : Cyprus
U.S. Clients Allowed : No?
Due to strict US regulation many brokers aren't able to accept traders with US citizenship.
See our list of recommended brokers that do accept US traders.

Advantages

  • Extensive Social Trading Features
  • Practice Account
  • Highly Regulated

Disadvantages

  • High Spread

eToro Platforms

eToro Platforms

CopyTrader

eToro pride ourselves on aiming to keep simplicity in mind. To this end, they have developed flexible trading platforms which provide fast and easy access to many financial markets. eToro provide a combination of easy to use trading platforms – both from home and on the road - and the largest social trading network of any broker in the world, appealing to every level of trading experience.

eToro CopyTrader Platform
eToro CopyTrader Platform

CopyTrader

The main platform is the CopyTrader. Regardless of how much experience a trader has in the financial arena, it is quick and easy for all traders to get started with the CopyTrader functionality. With CopyTrader, you can see who is trading which currencies, commodities, indices and stocks and immediately copy their trades.

The CopyTrader program offers traders with the opportunity to crowd work by copying the best traders on the eToro trading network, quickly and simply. With the Copy Trading portfolio, copied trades go directly to the trader’s account automatically and this allows traders to manage their copied trades in a simple and transparent way.

One of the major attractions of eToro – to most of its users, probably the major attraction – is its Popular Investor program. Simply put, to become a Popular Investor, you just let other eToro clients see your trades, copying them if they want, and once you get a certain minimum number of copiers you begin to get paid, both in real cash and in partial or full spread rebates! To qualify as a Popular Investor, you must deposit a minimum of $1,000 and maintain at least one copier for a 2-month period, as well as a minimum average equity of $500. This qualifies you as a “Cadet”, entitling you to a 20% spread rebate.

Proprietary

The old WebTrader and OpenBook apps have been combined into a single, responsive HTML5 Web application that is fully optimized and runs on any device.

Mobile

The full features of their mobile apps are available on their website and the website can be accessed via mobile devices.  However, they haven't been updated to offer all Copytrader features yet.

The iOS and Android "eToro Social Trading" Apps, which support both Trading and Copy Trading, are currently available but they are still not 100% aligned with the new eToro App.

The team at etoro is currently working on new "Native" mobile apps. 

Review info: eToro
Review Date:
Rating : 4.5
Reviewed By :