eToro Review

eToro is a popular social trading platform that also offers brokerage services. The broker was founded in 2007 and is located in Israel. However, its offices are located in the UK, Cyprus, USA, and Australia. eToro is authorised and regulated by FCA, ASIC, CySEC, GFSC, FinCen, and FINRA. The platform has a vast collection of analytical tools that traders can use to determine the right trader to copy.

The platform has millions of traders from over 140 countries. With eToro, investors can invest in forex, stocks, indices, bonds, ETFs, cryptocurrency, metals, energies, and other commodities by copying the trades made by experienced traders, as well as place and manage their own trades, which can also be offered to other traders to copy.

Markets

eToro has a huge product portfolio of over 2000 trading instruments, covering popular asset classes such as forex, commodities, cryptocurrencies, stocks, indices, and ETFs. However, the broker does not offer trading instruments from options and bonds.

Platforms

As a broker focused on social trading, eToro has its proprietary “social trading “platform, which is intuitive and user-friendly. The platform is available as a web terminal and a mobile application for iOS and Android devices, and it’s equipped with innovative tools to assist traders with their market analysis and trading.

eToro Trading Platform

The eToro trading platform is the pinnacle of their continued efforts to deliver a distinctive and straightforward online trading experience. The platform includes some of the most cutting-edge trading technology, including as the eToro CopyTrader system, the Popular Investor Program, and the CopyPortfolios investment methods.

eToro Mobile Trading Platform
eToro Mobile Trading Platform

Trading Markets on eToro

The platform’s trade markets section provides an overview of the several markets and instruments available for trading on eToro. They may be filtered by the market you want to see, and there is a search tool to help you identify certain instruments. When you choose an instrument, you will be brought to its specific page overview, where you may examine further information.

Feed for Instruments

Each trading instrument has its own feed that displays the most recent changes from the eToro community, which users may like, comment on, and share on the most prominent social media sites. You can also post to relevant feeds on your own.

The feed also includes a brief description of the instrument as well as the number of followers and percentage of investors. You may look at the sentiment to discover how many investors are buying and selling. Related markets and persons investing in the instrument are also highlighted.

Chart of Instruments

This section includes an enlargement of the instrument’s chart. When you expand the chart, you’ll see a plethora of features and tools to help you do chart analysis.

You may select from a variety of chart styles and periods. To analyse the market, a variety of technical indicators and graphical objects are available. The buy and sell buttons may be used to conduct deals quickly.

There is also a research option available exclusively to accounts that have placed a deposit. This tab displays the selected instrument’s analyst consensus and price targets.

Portfolio on eToro

The eToro portfolio displays your whole trading history. You may access data on all of the markets, traders, and CopyPortfolios in which you are currently invested. Clicking on each line displays the breakdown of individual transactions, whilst clicking on the clock icon displays the history of your closed trades, previously cloned traders, and CopyPortfolios.

Newsfeed

The eToro news feed highlights the most recent eToro community news. You may narrow your search to see just saved posts, postings from prominent merchants, or posts in English. Users may like, comment on, and share other people’s postings, as well as produce their own. Eventually, you will be able to customise the feed to display just the news that is important to you. Notifications may be received both on the online platform and as push notifications directly to your mobile device.

Copy People

The eToro copy people area allows you to see millions of traders on the eToro site and copy them using the copy button. Traders may be found by using the search tool and refining the results. There are several criteria to pick from, including gain, risk score, location, and many others. Each trader has their own portfolio and data, which you may use to compare performance and decide who you want to emulate. You may browse editors’ picks, popular investors, top investors, trending, and most copied investors. When you click on an investor, you will be taken to a complete summary of their account, including their news feed, statistics, and portfolio. It should be emphasised that previous performance is no guarantee of future results.

eToro Copy Trading
eToro Copy Trading

CopyPortfolios

CopyPortfolios is a portfolio management software application. Investing in CopyPortfolios allows you to automatically replicate several markets or traders. Your funds are properly managed by eToro’s investing committee once you invest in a CopyPortfolio. Each CopyPortfolio’s performance is thoroughly examined and dynamically rebalanced to maximise its profit potential. Clients may invest in two types of CopyPortfolios: Top Trader Portfolios, which are made up of the top-performing and most sustainable traders on eToro, and Market Portfolios, which are made up of CFD equities, commodities, or ETFs under one specifically selected market strategy. Users select the CopyPortfolio that best suits their approach and enter the amount of money they want to invest. They will have a fully allocated portfolio after they confirm by clicking the invest button.

eToro CopyPortfolios
eToro CopyPortfolios

eToro Mobile Trading App

Users may simply access all of eToro’s platform features via eToro’s mobile trading app, which is free to download from the respective app stores for both Android and iOS smartphones. You can manage your portfolio, track markets, imitate traders, and conduct any activity possible on the site from your mobile device by using the eToro trading app. The mobile app is excellent for people who want to trade from various devices and from anywhere in the globe with an internet connection.

Tools

eToro does not provide any independent trading tools, which is fine given the enormous number of trading tools available within the eToro trading platform. This contains a variety of chart analysis tools, technical indicators, graphical objects, annotations, news feeds, and other features.

The tools are simple to access and utilise from inside the platform. Using the side menu, you may go to the relevant sections and select from a variety of tools and functions. On the website, there are training videos and instructions that explain how to get the most out of the platform.

Education

eToro provides its clients with a collection of educational materials, which includes videos, guides, e-courses, and others. These resources cover many trading topics, as well as social trading tips to help you use their platform better. In addition, they also organize live webinars.

eToro News and Analysis

The news and analysis section is regularly updated by eToro market analysts. They cover global economic news that drives the markets. These fundamental analyses help eToro clients align it with their technical analysis and make the best possible trading decisions.

eToro Academy

eToro Academy is a massive section with plenty of educational and research resources. The educational content is suitable for both beginners and experienced traders.

eToro Investor Academy
eToro Investor Academy

Courses

  • Investing 101: This course teaches the basics of investing in financial markets.
  • Trading 101: This course covers the essentials of trading in the financial markets with eToro.
  • Crypto 101: This course covers all the essential information regarding cryptocurrencies, how they work, and how traders can earn by investing in crypto.
  • eToro Basics: This course will walk you through all the important information and dynamics of opening and operating an account with eToro.
  • How to start investing quickly: This course covers basic to advanced investing education.

Guides

This section contains various guides related to investing and trading in stocks, forex, crypto, and other asset classes. In addition, you can learn some strategies, money management, and trading psychology from these guides.

Podcasts

Through podcasts, you can hear the most recent financial news in an entertaining and easy-to-digest manner that will appeal to everyone interested in trading and investing.

Webinars

You can obtain the most recent financial market news and analysis from eToro’s experts in real-time. You can also register for the upcoming webinars through the section.

Videos

This section offers videos about trading and investing. You may access a vast library of educational films, including step-by-step tutorials and webinars.

eToro Plus

eToro Plus provides In-depth analysis. You can study market insights in further depth, read daily, monthly, and quarterly summaries to stay up to date on market trends, and obtain the most recent, in-depth market overview.

Conclusion

eToro is a leading social trading platform, and they also offer brokerage services. With eToro, you can either trade by yourself or copy the trades of other traders. They offer many trading instruments across multiple asset classes through their user-friendly trading platform.

eToro

eToro

8

MARKETS

8.0/10

PLATFORMS

8.0/10

TOOLS

8.0/10

EDUCATION

8.0/10

PROS

  • Industry leading social trading platform
  • A large online trading community
  • User-friendly investing platform
  • Trading guides and courses
  • Free demo accounts
  • Dedicated client support team

CONS

  • Minimum $200 deposit
  • Inactivity fees
  • No MetaTrader platforms
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