eToro Review

Min. Deposit: $200
Max. Leverage: 1:30
Trading Platforms: eToro Platform

eToro is an international Forex broker licensed in over 30 countries, offering traders over 800 trading instruments across Forex and CFDs. With an extensive range of assets and the best investment opportunities in the world, they make sure that you get access to the markets that suit your risk profile.

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The company was founded in 2007 by two brothers from Israel who wanted to make it easier for people to invest their money into financial markets. They created an innovative system that allows traders to access all of these products through one website. This means you can be active on multiple platforms without having to switch between them.

This platform only allows you to invest a small fraction of your portfolio in any single currency pair. Additionally, it doesn’t allow you to short or lend the same way you would on an online trading platform like MT4 or MT5, making it a low-risk strategy for all traders (including beginners). The platform gives users access to thousands of assets, including stocks, commodities, currencies, and indices. It also offers users the opportunity to trade online 24/7 on all devices.

Source: eToro

eToro platform is one of the most trusted and well-regarded in the world. The reason investors are so confident in eToro is that it operates with over 100 regulated and certified financial institutions globally. This is a much higher level of regulation than what we have seen from most cryptocurrency and forex exchanges. Its strong regulatory protections, high level of liquidity and wide range of tools provide traders with everything they need to succeed!

Fees and commissions

eToro is a world-renowned online trading and investment platform that allows users to invest in various financial markets. Registered users can access a free demo account with $100,000 for free, while spreads and fees may apply to some trades.

It’s also paving the way for new types of businesses based on leveraging its user base and technology. When choosing a forex broker, many retail traders weigh fees against spreads. eToro’s variable spreads are higher than the industry average.

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Fees and commissions can be high in the forex space because brokers need to generate revenue from each trade made. Therefore, either through market-making services or as a retail trader, you will pay for this service.

eToro does not charge commissions and its fees are low in comparison to other brokers. The discount rewards program has no transaction fees and includes up to a 50% discount on the trading fees every year. While eToro does not charge for cash management services or custody solutions, it does charge up to 0.60% each month for all assets under management.

Tools and Platforms

The eToro platform allows you to keep track of your trades and watchlists, all in one place. It automatically syncs across all of your devices so you can access your portfolio from any device. Its clean, easy-to-use interface will help beginners feel comfortable with their investments right away. And with its real-time charts showing how individual investments have performed over time, it’s easy to see why eToro was ranked the best forex broker in 2021.

Source: eToro

Although eToro does not allow its trading platform to be used by automated trading systems, it has created a side program for traders who use the applications of other platforms. This program, called eToro Web Trader and is available at no cost to customers on desktop computers and mobile devices. The company aggregates the performance of traders using the platform for trades that are placed manually. These trades are similar to those placed by users on an MT4 terminal using indicators such as candlesticks or Bollinger bands.


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