eToro Promos & Overview - 2024 Review

eToro is a leading social and multi-asset trading platform, serving over 30 million users globally. This broker was founded in 2007 with its headquarters in Cyprus and authorization across major jurisdictions like the UK, EU, US, and Australia. The eToro trading platform offers investors access to trade over 3000 symbols, including CFDs on thousands of stocks, ETFs, crypto assets, currencies, and commodities.

Furthermore, eToro trading is carried out on proprietary platforms tailored for any device, with extensive research tools, risk management features, social community options, and some of the lowest trading fees in the industry. Their transparent volume-based pricing and multilingual service, catering to over 20 million members, give them a competitive edge in online trading. The platform also enables buying, holding, and transferring cryptographic assets.

Advantages of trading with eToro:	Disadvantages of eToro:
Established platform: Founded in 2007 and regulated in multiple top tier jurisdictions	Higher fees: Trading fees and spreads are higher compared to competitors
Highly trusted: Earned a Highly Trusted rating for trustworthiness	No algorithmic trading: Automated trading strategies not supported
Excellent for social trading: Top pick for copy trading and crypto trading	Mandatory stops: Required stop losses can hinder strategies
Beginner friendly: Easy to use web and mobile platforms	Research limited: Trading Central is only for higher tier members
Expanding assets: Over 3,000 tradable symbols and growing	Customer support lacks phone access: Email and chat support only
Indemnity insurance: Up to €1 million per client in key regions
VIP perks: Special benefits for popular investors
Improved research: Expanded research offerings and analysis

Trading Assets Available on eToro

With a diverse mix of asset classes, eToro offers traders access to thousands of instruments to suit different strategies. Here are the main tradable assets available on the eToro platform:

• Stocks: Access to over 800 US stocks and 4500+ global stocks from exchanges like NYSE, Nasdaq, London Stock Exchange, and Hong Kong. This includes major companies, small-caps, and fractional share trading.
• ETFs: A range of exchange-traded funds are available, providing exposure to key sectors, markets, and commodities without buying the underlying assets. Popular ETFs include SPY, GLD, and VTI.
• Cryptocurrencies: eToro enables buying, selling, and holding actual crypto coins and tokens like Bitcoin, Ethereum, and Cardano, rather than just CFD trading. This includes the ability to transfer crypto to an external wallet.
• Currencies: Over 55 currency pairs are available for forex trading, including majors like EUR/USD and GBP/JPY. Currencies are traded as CFDs rather than on the spot market. This allows traders to speculate on currency price movements without taking ownership of the underlying currencies.
• Indices: Major global stock indices can be traded as CFDs, including the S&P 500, FTSE 100, Nikkei 225, and Shanghai Composite. Trading index CFDs provide exposure to broad market movements without needing to buy all constituent stocks individually.
• Commodities: A range of soft and hard commodities are available for CFD trading, such as oil, gold, silver, and natural gas. Trading commodity CFDs allows speculating on price changes in raw materials and energy products based on global supply and demand.

Though eToro lacks CFD trading on bonds, the platform offers one of the widest selections of stocks and ETFs, combined with deep crypto and social trading capabilities.

Some of the Assets Available

While not limited to these, here are some tradable assets across the classes offered by eToro:

Customer Support at eToro

eToro provides customer support through a 24/7 AI-powered chatbot, live chat, and email ticketing. Response times via chat are generally prompt during market hours. But email ticketing can take 1-2 days for replies from the customer service team.

The chatbot delivers instant automated responses, while live chat connects users to a customer service agent between 8 a.m. and 8 p.m. EST on weekdays. Wait times are generally short and inquiries are handled promptly.

For inquiries outside of live chat hours, users can submit a support ticket through the Customer Service Center. Email tickets are responded to within 48 business hours. Visitors who cannot log into the Customer Service Center can also open a ticket as a guest user.

If you're an eToro Club member, you have the option to communicate directly with your account Manager through WhatsApp. Please refer to the Club Dashboard for information regarding the total count of our verified WhatsApp business accounts.

Support functions are provided by staff located in Cyprus, the United Kingdom, China, and Australia. This global team allows eToro to offer round-the-clock assistance in various languages, including English, Chinese, Spanish, Italian, and German.

Though phone-based support is not provided, eToro's chatbot, live chat, and email ticketing provide a satisfactory customer service experience overall. With multiple channels available 24/7 and localization for key languages, most user issues can be efficiently resolved.

eToro Features for Traders

eToro provides various features and tools to aid traders across its web and mobile platforms:

• Account Opening: The process to open an eToro account is fast and fully digital, taking just minutes to complete identity verification. No minimum deposit is required to get started.
• Deposits and Withdrawals: eToro supports numerous payment methods, including credit cards, PayPal, bank transfers, and online systems like Skrill. Most deposits are free but withdrawal fees of $5 apply. Crypto assets can also be deposited and withdrawn to external wallets.
• Trading Platform: eToro offers its proprietary web-based and mobile trading platform optimized for ease of use. It lacks some advanced charting and technical analysis capabilities but provides an intuitive interface to execute trades and copy traders.
• Fees: A major benefit is zero commission trading on stocks, ETFs, and cryptocurrencies. Only the spread has a markup baked in. There are no monthly account, inactivity, or software fees. Withdrawal fees are charged in some cases
• Markets and Products: eToro provides access to thousands of stocks, ETFs, cryptocurrencies, currencies, commodities, and indices on a single platform. But advanced order types and charting tools are limited compared to competitors.
• Research and Tools: Various research resources are available, including financial news feeds, risk management tools, sentiment data, and portfolio analytics. An API also allows for automating trades. But research is less comprehensive than some brokers.
• Customer Service: Support is provided through email ticketing and live chat options are available 24/7. But phone-based customer service is currently unavailable on the platform.
• Social Trading: eToro's standout feature is its social and copy trading capabilities. Users can connect with others, share strategies, and automatically copy successful portfolio managers' trades.
• Education: A free trading course for beginners is provided alongside an education hub containing videos, articles, and webinars. Users can also easily learn from copying the trades of expert investors on the platform itself.

What You Should Know About eToro

Founded in 2007, eToro has grown into a leading social trading platform with over 27 million registered users worldwide. Headquartered in London with offices globally, eToro is regulated across multiple jurisdictions and offers traders access to thousands of stocks, ETFs, currencies, cryptocurrencies, indices, and commodities to trade.

Innovative Social and Copy Trading

The eToro platform centers around social engagement between traders who can share strategies, analyze portfolios together, follow and copy successful traders, and build skills in a community format. The distinctive advantage that eToro offers is this social investment network where users can interact, discuss ideas, and copy others.

Commission-Free Trading

Unlike most other brokers, eToro does not charge any commissions for trading stocks, ETFs, or cryptocurrencies on their platform. There are no ticket fees or hidden commissions charged. which saves costs significantly for active traders who make frequent transactions. The tradeoff is wider spreads that incorporate fees.

Cryptocurrency Support and Trading

In addition to crypto CFD trading, eToro also enables buying, selling, and holding actual cryptocurrencies on its platform. Users can transfer crypto assets to private wallets and utilize eToro as an integrated crypto exchange and wallet alongside its CFD offering for cryptocurrencies.

Fractional Share Investing

eToro allows traders to invest in fractional shares starting at just $50 on their platform. This opens up expensive stocks that were previously unattainable for small individual investors who did not have enough capital to buy whole shares.

Compliant and Regulated Operations

eToro maintains regulations from reputable agencies like CySEC and FCA, which provide proper oversight on client fund handling, data protection, and transparency. This regulatory compliance ensures traders can have confidence in the security and stability of the eToro trading platform.

Intuitive and User-Friendly Platform

While powerful functionally, eToro offers an intuitive interface that makes it easy for beginners to buy stocks, ETFs, cryptocurrencies, and other assets. The account opening process, ID verification, deposits, withdrawals, and overall trading are streamlined on eToro's user-friendly platform

Education and Community Engagement

From its free, comprehensive online trading course to its copy trading features, eToro places a strong focus on education and enabling users to learn from each other. An engaged community on eToro also openly shares trading insights, strategies, and experiences.

Comparison of eToro with other Brokers

eToro offers a distinct social and copy-trading experience with commission-free access to global stocks and ETFs. The availability of fractional shares and integrated crypto wallet also help eToro stand out. It suits casual investors and social-minded traders.

Final Note

With over 27 million clients, eToro provides traders with an extensive asset selection combined with innovative social and copy trading tools. Commission-free trading, fractional shares, and integrated crypto expand possibilities. eToro offers a top-class web and mobile experience for casual stock and crypto investors seeking a community approach.

Comparison of eToro with other Brokers

	eToro	VideForex	IQCent	Binary Cent	RaceOption	BinBot Pro	Deriv	Binarium	IQ Option	Intrade Bar	XM	Oanda
Trading platform	Proprietary	Proprietary	Proprietary	White-label	RaceOption, Mobile	-	Properietary	Properietary	Proprietary	Proprietary	Proprietary	Proprietary
Min deposit	50	20$	20$	250$	250$	250$	100$	250$	10$	10	5	1
Payout	85%	85%	95%	85%	85%	%	85%	80%	80%	80%	95%	80%
Copytrading	Yes	Yes	Yes	No	No	No	No	No	No	No	Yes	Yes
TradingView	Yes	Yes	Yes	No	No	No	No	No	No	No	Yes	Yes
Assets	Currencies, stock and commodity market assets, cryptocurrencies	CFDs, Binary Options, Forex, Stocks, Indices, Commodities, Cryptocurrencies	CFDs, Binary Options, Forex, Stocks, Indices, Commodities, Cryptocurrencies	Forex, CFD, Stocks, Crypto, Options	Binary Options, CFDs		Binary Options on Forex and Cryptos	Binary Options on Forex and Cryptos	Binary Options on Forex and Cryptos	Binary Options on Forex and Cryptos	1	FX, Indices, Bullion, Commodities, Crypto
Expiry Times	1 a month	5 seconds - 30 days	5 seconds - 30 days	5 seconds - 30 days	5 seconds - 30 days		1 minute - 48 hours	1 minute - 48 hours	1 minute - 48 hours	1 minute - 48 hours	1
Execution of orders		Instant Execution	Instant Execution	Market Execution, Instant Exec	Market Execution, Instant Exec		Market Execution	Market Execution	Market Execution	Market Execution	1
Deposit bonus	Yes	Yes	Yes	Yes	No	No	No	No	No	No	No	No
Cent accounts	Yes	Yes	Yes	Yes	Yes	No	No	No	No	No	No	Yes