ET
eToro Review
Updated regularly · Independent ratings
Overall Rating
4.2 / 5
Fees
4.0 / 5
Safety
4.6 / 5
Platforms
4.0 / 5
Education
4.5 / 5
Min. deposit
$50
ForexCFDsPlatforms: Etoro Mobile App, Etoro Web PlatformRegulators: SEC (United States), FINRA (United States), FCA (United Kingdom), ASIC (Australia), CySEC (Cyprus), GFSC (Gibraltar), MFSA (Malta), ADGM-FSRA (UAE), FSA (Seychelles), MAS (Singapore)
Pros & Cons
Pros
- Strong global regulatory oversight
- Wide range of global assets
- Fast and easy account opening
- Multiple fast and secure payment methods
- Low minimum deposit (varies by region)
- Negative balance protection
- Islamic (swap-free) accounts available
- Free demo account available
- Great educational resources for beginners
- Very beginner-friednly interface
- User-friendly mobile and web platforms
- Integrated social and copy trading features
- Active social community with over 30+ million active users
Cons
- $5 withdrawal fee apply
- High currency conversion fee
- Limited account currency options
- Average forex trading fees, compared to competitors
- Platform better for casual traders than long-term investors
- Customer support needs improvement
- Limited charting and technical analysis tools for professional traders
- Does not supports advanced platforms like TradingView, MT4, MT5, and cTrader
- Limited research tools
- An inactivity fee applies, after a year of account inactivity
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