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eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
With over 3,000 tradeable symbols, including CFDs, forex, and exchange-traded securities, eToro offers a comprehensive – albeit slightly pricey – trading experience.
eToro’s main innovation is merging self-directed trading and copy trading under a unified trading experience. It is a winning combination. See our Best FX Brokers for Copy Trading.
Platforms overview: Ease of use and simplicity of design are at the heart of the eToro web platform experience, and carrying out basic operations is straightforward and painless. Traders gain access to functions such as the ability to create watchlists, as well as the option to add instruments simply by searching available markets. These design qualities helped eToro rank Best in Class in the Ease of Use and Beginners categories in 2022.
Overall, eToro’s research is competitive and continues to improve year-over-year – but is still not award-winning. For example, there are no daily video updates with market analysis, and certain features are locked until specific account tiers are reached.
Research overview: eToro offers a standard economic calendar, an earnings reports calendar, news headlines, daily market analysis series, and podcasts. That said, several of these features are not directly integrated into the eToro platform. Trading Central is also available, but is not offered to all clients – it’s reserved for eToro club members that have reached a specific tier status. There are also research reports for stocks available to funded account holders.
Is eToro safe?
eToro is considered low-risk, with an overall Trust Score of 93 out of 99. eToro is not publicly traded, does not operate a bank, and is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). eToro is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA). Learn more about Trust Score.
Testing on Android, we found that the eToro mobile app maintains the look and feel of the web version, including useful functions such as dark and light mode themes, and synced watchlists that help to unify the platform experience across devices.
eToro is great for retail traders who want to crowdsource investment ideas using the power of copy trading, or for highly-experienced active traders who want to be rewarded for sharing their ideas with other traders.
Less experienced traders that require some degree of handholding may find the user-friendly platform an added benefit. That said, we do not recommend eToro for active or high-volume traders, as higher spreads and small maximum trade sizes will be a limiting factor. Likewise, algorithmic trading is not supported.
When it comes to social copy trading and crypto trading, eToro remains our number one choice in 2022, and won our award for #1 Trader Community.
Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money. You should engage in any such activity only if you are fully aware of the relevant risks. BrokerSelect does not provide investment or any other advice, for further information please read our General Terms and Conditions.