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About Etoro
e Toro is an excellent choice for those interested in low-cost stock, CFD, forex and crypto trading on an outstanding mobile app. It offers free stock and ETF trading, easy account opening, and one of the best crypto selections in the industry. Its biggest appeal is copy trading, where you can track the trades and portfolios of other users, while its trading platforms are also intuitive and easy to use, making it suitable for beginners. It does disappoint in some areas, however: it has high non-trading fees (for withdrawal and currency conversion), inflexible account plans and an elusive customer service.
Pros & Cons
Fee Charges
Low stock and ETF fees
Withdrawal Fee
$5 withdrawal fee.
Account Opening
Seamless account opening
Fee Criteria
Charges inactivity fees and high CFD fees.
Security & Regulation
EToro offers among the cheapest rates on the market.
Customer Support
Poor Customer support.
Key Features
Regulation & Compliance
EToro is regulated by the UK’s Financial Conduct Authority (FCA), which means the company must adhere to stringent rules and regulations designed to protect consumers.
Data Encryption
EToro is registered with the ICO (Information Commissioner’s Office), the UK’s independent authority set up to uphold information rights in the public interest, and uses SSL technology to keep your information safe.
Fraud Prevention
EToro includes identity verification during registration and complies with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations to ensure that only legitimate transactions are processed through their platform.
Segregation of funds
EToro maintains your funds separate from its own operating funds in accordance with legal requirements. This segregation ensures customer money is insulated from any financial difficulties the company might face.
eToro Club & Loyalty Program
The eToro Club is an ongoing loyalty programme for our valued clients offering a wide range of services and tools to enhance their trading experience.
eToro club bronze level benefits
At this level users can access the platform’s basic features such as trading in various assets and using the social trading feature to follow and copy other traders on the platform.
eToro club silver level benefits
You will also receive access to an account manager who will be on hand to resolve any issues you may encounter.
Here are the key benefits of the eToro club silver tier
- Account manager
- Access to partner apps
- Data-driven smart portfolios
- eToro money Visa debit card
eToro club gold level benefits
Gold tier members also have access to weekly market analysis.
Here are the key benefits of the eToro club gold tier
- Weekly market analysis from professionals
- 10% discount on third part tax reporting software
- Daily market summary
- Delta PRO Investment Tracker
Range of Offerings
eToro provides a much wider range of offerings on international versions of the experience. The U.S. platform has very limited offerings compared to competitors. There are no mutual funds futures contracts or forex on eToro's U.S. platform and all trading is limited to long positions only—there is no short selling.
On eToro U.S. you have access to
- 3 cryptocurrencies
- 3250+ stocks
- 270+ ETFs
- Crypto copy trading through CopyTrader
- Options trading
- Cash management through eToro Money9
- Portfolio automation through Smart Portfolios
- Fractional share investing
Customer Service at Etoro
Phone support is usually best if you need to quickly sort out a complicated problem or emergency, while more and more users prefer live chat for simple queries. Meanwhile, email support is also available for more complex questions that aren't so time sensitive. You can also contact eToro's customer service via a web-based ticketing system. We got answers usually within 48 hours. Website: www.etoro.com
Email: support@etoro.com
Telephone: 1-888-271-8365
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