eToro Review

Summary

Broker

Rating

Coins

Offer

Start Trading


eToro

5 Star Rating

9.9


  • $200 Min. Deposit
  • 24/7 Trading
  • Top Traders Program
  • CySEC & FCA Regulated

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Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk.

General Information

eToro is the world’s largest social broker, in operation since 2006. The broker ranks amongst the most established providers on the market. eToro stands out by offering traders the opportunity to automatically copy other successful traders instead of choosing their trades themselves. For months, the eToro community requested eToro to provide Bitcoin trading. This has now been implemented by eToro and is already massively popular.

eToro is regulated by the financial regulator CySEC. The regulator ensures that traders are treated fairly by the broker and that their credit is secured with a deposit guarantee. eToro has been active since 2006 and is as such considered one of the established names on the market. To date, more than 2.8 million traders from over 190 countries have chosen eToro for their trades. The platform has been rapidly growing after eToro started to offer Litecoin trades. The platform is especially popular amongst beginners, as the trades of experienced traders can be automatically copied. In addition, traders can invest simultaneously in all major crypto currencies (such as Bitcoin, Ethereum, Dash, Ripple and Litecoin) at etoro’s Crypto-Fund.

Platform

Traders do not need to install software on their computers and can access the platform directly through their Internet browser. eToro additionally offers its customers a mobile version. This version is also free of cost. This makes it very easy to trade on the go. New customers can convince themselves of the trade platform without risk by using the demo account. This account type comes without a usage period limit. Traders can trade with a virtual credit of £10,000.

New customers benefit from very attractive bonuses and advantages. They receive a generous bonus when they make their first deposit. The height of the bonus depends of the deposited amount. Traders can receive a maximum bonus of 1,000 pounds. eToro rewards customers who recommend the broker to friends with high premiums.

Opening an Account

It only takes a few minutes to open a new eToro account. Customers need to pay in at least 200 pounds to open an account. This minimum deposit amount is lower than with other brokers.

Traders who deposit 20,000 pounds or more receive a Premium account. This offers them advantages such as a personal account manager. There are a host of different payment methods available to make deposits. Aside from classic pay ins with credit card or bank transfer, the broker also supports Giropay, Skrill, WebMoney, 1-Pay, and Neteller. It is also possible to deposit money through PayPal. Traders have the same payment methods at their disposal when withdrawing credit.

Customer Service

eToro traders enjoy professional customer support. The broker’s support employees can be reached via email and live chat. The answers to many – more common – questions can also be found in the expansive FAQ section. The company’s own trading centre offers traders a large selection of information and training options. This includes free training programs and webinars.

Conclusion

eToro has an established reputation, especially amongst Litecoin traders. The option to automatically copy successful traders is particularly interesting for new traders. A new account is set up within minutes, and new customers receive a deposit bonus. Traders can use all common payment methods with eToro. The trade platform the company itself developed has a very beginner-friendly interface and it offers traders many useful functions. The customer support quickly and professionally answers questions. The social trading elements makes eToro stand out from other mainstream brokers.

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eToroeToro has an established reputation, especially amongst cryptocurrency traders. The option to automatically copy successful traders is particularly interesting for new traders. A new account is set up within minutes, and you can start trading with as little as $200 deposit.

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