Etoro Review 2022

eToro is a leading trade site for social endeavours, its user base is currently at an impressive 5 million traders. CySec, ASIC and the FCA all support eToro with proper licensing and regulation, the site has been the product of many awards. The twist of eToro is that it allows users to tap into other retail traders' statistics and monitor the successes and errors of their execution.

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About Etoro

eToro encourages interaction between traders for better strategies, CopyTrader is a software program (sanctioned under eToro) that allows users to copy others' portfolio ratings.

The minimum first deposit required for an account at eToro is $200. A deposit of $20,000 or more will automatically place you in the premium member pool where you get your own manager, credit card, access to otherwise locked sectors and a lesser wait time for withdrawals. eToro follows the commission and spread concept of trading, its spreads are a bit higher than average but if you become a reputable investor, you have the potential to trade without any spreads at all.

eToro are known to be the pioneer of social trading within the industry, they place a big emphasis on communication between everyone as it can lead to better methods and profits overall. In addition to the CopyTrader program which eToro heavily promotes, the Personal Investment Program allows users to view others' portfolios, watch lists, activity feeds, trade history, general statistics and risk level.

The selection of investment options at eToro is varied and diverse, you can trade stock in things like currency, valuable metals/gold and unorthodox items like crude oil. eToro have recently begun offering stocks in Spain and Italy to widen their grasp on the market. The technical quality of eToro's website is second to none, ever since they stripped away the ancient WebTrader and OpenBook platforms and moved to a modern HTML5 foundation, the site has been running like a breeze. Mobile devices are supported with a dedicated app.

You can deposit money into your account through various payment methods - transfer, credit cards and PayPal are obviously accepted as well as obscure platforms like Neteller, WebMoney and MoneyBookers. Withdrawals can be made into the same sites, you must fill out a short form before every payout.

Restrictions on regulation law disallow eToro from offering deposit promotions/bonuses. Traders however can relish in other extras if they are promoted to the "Popular Investor" status, these benefits include a complete rebate on spreads and a smaller management fee. Constant traders are what eToro look for when promoting to this level.

Support is offered via phone, webchat and operates 24 hours, five days a week. E-mail is available as well, but only for low-priority issues and a longer wait time is common for replies.

Conclusively, eToro is a great choice for anyone looking for a more social and open trade platform. Be wary of spread percentages though, for unproven investors they can be very high and eat into your profit gains.



eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

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