As one of the leading trading platforms, eToro is continuously improving its users’ experience by incorporating feedback and staying ahead of the competition. This comprehensive guide will delve into the key aspects of eToro’s user experience, highlighting its strengths and weaknesses to help you maximize your trading potential.
Key Takeaways
| →eToro offers limited educational resources, but you can find a wealth of knowledge elsewhere. |
| →Several trading tools are available, including technical and fundamental analysis instruments and social interaction features. |
| →The platform has a unique stop-loss tool with a trailing stop-loss feature, but the order modification options are limited. |
| →Although popular investors are a heavily advertised feature, there are some potential risks to be aware of when copying trades. |
| →Notifications and dividend policies could be improved for a more transparent and user-friendly experience. |
Explore the eToro Platform with a risk-free demo account🚀
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Table of content
- 📚 Education on the Platform
- Alternative Educational Materials
- 🛠️ Trading Tools
- Stop Loss and Order Modification
- 📊 Trading Statistics and Popular Investor Program
- Popular Investor: Benefits and Risks
- A note of caution on risk assessment
- What happens if the Popular Investor you are copying has been suspended?
- Copying based on originally invested amount
- 🔔 Notifications and Dividend Policy
- Dividend Policy
- 🏁 Conclusion
- eToro review and trust: • Full updated eToro Review📝
- Inside eToro:
- eToro Legitimacy:
- Safety and Regulation:
- Customer Service:
- Disclaimer And General Risk Warning:
- Author & Expert Trader - Financial Analyst:
📚 Education on the Platform
Many traders may lack fundamental knowledge about trading strategies, tools, and features available on eToro. Unfortunately, eToro’s educational resources are limited, with only a single video and scattered information throughout the Help Center sections. The platform does not offer video tutorials, visual resources, or explanatory examples for better understanding the trading process, strategies, and tools.
Alternative Educational Materials
Despite eToro’s limited educational resources, you can still find a plethora of articles and materials on trading strategies, tools, and basics elsewhere. Understanding the underlying processes involved in trading is vital, even if you decide to copy a trader or create a portfolio yourself, to avoid capital losses and generate returns.
🛠️ Trading Tools
eToro offers numerous tools to facilitate opening new positions and completing trades. These include instruments for both technical and fundamental analysis, as well as social interaction and feedback features to stay updated on market trends and innovations. The platform provides extensive historical data, charts, and graphs for each asset. You can take both short and long positions, use leverage, and schedule trades based on price. However, there is no time-scheduled trading available.
Stop Loss and Order Modification
Stop Loss is a crucial feature for every position on eToro, limiting the maximum amount of losses for a trade and protecting traders’ capital. eToro has a unique stop-loss tool with a trailing stop-loss feature, allowing the stop loss value to co-move with favorable asset price changes. However, if you need to modify your initial order, you’ll have to open additional/new orders and close the old ones as necessary, as there is no option to amend unexecuted orders.
Beware however, that there is no default leverage value when you open a new trade so you need to make sure to adjust it when opening a position. There is likewise no way to implement default trader preferences when opening new trades.
📊 Trading Statistics and Popular Investor Program
eToro provides several statistics for traders when choosing who to copy, such as profit-to-loss values, maximum drawdown, and risk rating. However, the platform does not explain the components that make up the risk rating, making it challenging to understand the underlying factors.
Popular Investor: Benefits and Risks
While the ability to copy another trader is a heavily advertised feature on eToro, there are some potential risks to consider. Popular Investors might make unfavorable changes to their portfolio, which could go unnoticed unless you’re consistently monitoring their activity.
For instance, they may invest heavily into one of their chosen assets (such as a trending company or a commodity) and overexpose themselves to its risks, as there is no limit as to the proportion of the total investment allocated to a single asset. This could result in overexposure to market specific risks and result in great losses in case of an unfavorable changes or volatility.
A note of caution on risk assessment
Although there are time periods for each tier that each Popular Investor has to abide by, there is no probation period as such which would allow to see how well that trader is doing. Furthermore, the trading history is actually not taken into account when a trader wants to become a Popular Investor. Taking trading history into consideration may assist in minimizing risks for the copiers while this is not yet done on the platform. Each Popular Investor has to spend at least 2 or 4 month in each tier before getting promoted, and although this seems to be a relatively sufficient period of time one’s successful performance over this time period may just coincide with a favorable market movement rather than a well determined strategy. Thus someone who has just joined the platform can theorerically spend only as little as 6 month trading and be already promoted to the level of Elite, given they satisfy the criteria.
Furthermore, there is no probation period for Popular Investors, and their trading history is not taken into account when joining the program. This lack of historical context could lead to increased risks for copiers.
Getting promoted as a Popular Investor on the platform can be greatly beneficial but seems to be releatively hard to achieve. It appears that a selection of well performing investors is being constantly featured and there seems to be no restriction as to the period of time this happens.
Finally, every Popular Investor gets a chance to see how their Copiers are doing by viewing their history; that is however limited to a time period of 12 months and no longer term overview is available.
What happens if the Popular Investor you are copying has been suspended?
The explanation as to what happens after is fairly limited on eToro. Popular Investors can be suspended from the program in case they breach the regulations of the terms and conditions, for example surpass the permitted risk level. When this happens, traders are not allowed to execute trades or be followed by new copiers as their account is essentially frozen for a certain time period.
The existing copiers’ options after that are very few, as they can either choose to wait in case the Popular Investor will be approved back into the program or end the copying at that point.
Copying based on originally invested amount
Once you decide to copy a trader, the amount of your total investment will be split in proportion to the original % of the Popular Investor. In case one of the positions of a trader is highly successful its value may be higher than the originally invested proportion.
The trader above for example, invested 15.87% of their portfolio into GOOG stock and it now generated a higher value of 20.33% with 39.05% profit. If you decide to copy this portfolio you will be replicating the initial 15.87% investment and not the actual value amount. In case the trader decides to close this trade and this value amount of 20.33% will be converted into a cash amount to be added into their account while the cash converted amount into your account is equivalent only to the original invested amount of 15.87%, which is lower than the desirable amount.
🔔 Notifications and Dividend Policy
eToro offers email and browser push notifications for social activity and trading updates. However, there is no option for notifications upon order setup or execution or logging into your account.
Dividend Policy
eToro pays out dividends for eligible assets, crediting or debiting your trading account based on whether you hold a Buy or Sell position. However, the platform doesn’t offer a dividend reinvestment program or clear information about individual asset dividend policies. This lack of transparency could be improved for a better user experience.
🏁 Conclusion
Understanding eToro’s user experience is crucial for maximizing your trading potential on the platform. While eToro offers a variety of innovative features and tools for trading, there are certain limitations and potential risks to be aware of. By being informed about these aspects, you can make better decisions and optimize your trading experience on the platform. Good luck and happy trading! 🚀
By Bart Bregman
Fact checked: by Shrijan Dangol
Our broker rankings are based on thorough research and analysis. We put a strong emphasis on transparency, regulatory oversight, and client feedback.
(Data
last updated:
14-09-2023)
🏢Company Background:
| Data | eToro | |
|---|---|---|
| Regulatory Compliance? | Yes | |
| Publicly traded company? | No | |
| Does it offer banking services? | No | |
| Year Founded | 2007 | |
| Country headquarters | Israel | |
| Website Language Options | en, ar, chi(t/s), cz, dan, de, es, fi, fr, ne, nor, pol, rom, ru, swe, thai, viet, mal, it | |
| Separate Client Funds? | Yes | |
| Non-ESMA Branches Available? | Yes | |
| EU Clients Accepted? | Yes | |
| US Clients Accepted? | Yes | |
| Canadian Clients Accepted? | No |
📍Elite Signals offers real-time insights
➤ Elite Signals | Stock, Crypto, & Forex
Type of assets offered:
| Data | eToro | |
|---|---|---|
| Forex (e.g. USDJPY or EURGBP) | Yes | |
| Options and futures (S&P500 Futures or Crude Oil Futures) | Yes | |
| Funds Van(ARK invest or BlackRock Equity Dividend) | Yes | |
| CFDs (Google Share in CFD form) | Yes | |
| Cryptos (BTC or ETH) | Yes | |
| Stocks and ETFs (TESL or AAPL) | Yes | |
| Commodities (Gold or Silver market) | Yes | |
| Beginner-friendly (demo-account access) | Yes | |
| Advanced /pro (High-frequency trading, algorithmic trading) | No | |
| Binary option (note this is non-regulated trading, considers EXTREME risk) |
🏛️Tier 1 Regulatory Bodies:
| Data | eToro | |
|---|---|---|
| FSA (Financial Services Authority) | (Body replaced by(FCA) in 2013) | |
| FCA (Financial Conduct Authority) | yes | |
| MAS (Monetary Authority of Singapore) | No | |
| FINMA (Swiss Financial Market Supervisory Authority) | No | |
| CFTC (Commodity Futures Trading Commission) | yes | |
| MIFID-ESMA (Markets in Financial Instruments Directive) | Yes | |
| ASIC (Australian Securities and Investments Commission) | yes | |
| IIROC (Investment Industry Regulatory Organization of Canada) | No | |
| SFC (Securities and Futures Commission) | No |
🏛️Tier 2 Regulatory Authorities:
| Data | eToro | |
|---|---|---|
| FMA (Financial Markets Authority) | No | |
| CBR (Central Bank of Russia) | No | |
| FSCA (Financial Sector Conduct Authority) | No | |
| SEC (Securities and Exchange Commission) | Yes | |
| DFSA (Dubai Financial Services Authority) | No | |
| CBRC (China Banking Regulatory Commission) | No | |
| CySEC (Cyprus Securities and Exchange Commission) | yes | |
| ISA (Israel Securities Authority) | No |
🏛️Tier 3 Regulatory Oversight:
| Data | eToro | |
|---|---|---|
| Offshore Regulators | No | |
| MMA (Maldives Monetary Authority) | No | |
| EDR (External Dispute Resolution) | No | |
| FSA (Seychelles Financial Services Authority) | No | |
| SCB (Securities Commission of The Bahamas) | No | |
| FSC (Financial Services Commission, Mauritius) | No | |
| VFSC (Vanuatu Financial Services Commission) | No | |
| IFSC (International Financial Services Commission, Belize) | No | |
| CIMA (Cayman Islands Monetary Authority) | No | |
| SVG (St. Vincent & Grenadines Financial Services Authority) | No | |
| FSRC (Financial Services Regulatory Commission, St. Kitts & Nevis) | No | |
| BMA (Bermuda Monetary Authority) | No | |
| BVI (British Virgin Islands Financial Services Commission) | No |
Max Leverage Options:
| Data | eToro | |
|---|---|---|
| Leverage for Non-EU Clients | 30:1 | |
| European Leverage Limits | 30:1 | |
| Leverage in Australia | 30:1 | |
| US Leverage Restrictions | 1:1 | |
| Canadian Leverage Rules | - |
📂Account Offerings:
| Data | eToro | |
|---|---|---|
| Demo Account Access | Yes | |
| Expiration of Demo Accounts | No | |
| Account Currency Choices | EUR, USD, GBP, AUD, CAD, NZD, CHF, JPY | |
| Standard Accounts | Yes | |
| Micro-lots Accounts | Yes | |
| Low-cost Account (nano lots) | No | |
| Variable Spread Accounts | No | |
| Fixed Spread Accounts | No | |
| Zero Spread Accounts | No | |
| ECN Accounts | No | |
| Swap-Free Accounts | No | |
| Islamic Accounts | Yes | |
| Professional Trading Accounts | Yes | |
| Active Trader Rewards Program | Yes |
💰Deposits and Withdrawals:
| Data | eToro | |
|---|---|---|
| Minimum Deposit Requirements | Yes, $200 | |
| Minimum Withdrawal Limits | Yes, $50 | |
| Credit Card Options | Visa, Mastercard, Maestro | |
| Bank Transfer Availability | yes | |
| PayPal Support | Yes | |
| Neteller Integration | Yes | |
| Skrill Compatibility | Yes | |
| Additional Payment Methods | Sofort, iDeal, Giropay, EPS, Bancontact, Przelewy24, WebMoney, Qiwi, China UnionPay, cryptocurrencies | |
| Deposit Processing Time | Instant-24 hours | |
| Withdrawal Processing Time | 1-2 business days |
Fees and Charges:
| Data | eToro | |
|---|---|---|
| Deposit-related Fees | No | |
| Commissions on Withdrawals | yes - verible by metode | |
| Overnight/Swap Charges | Yes | |
| Account Inactivity Fees | Yes | |
| Currency Conversion Costs | Yes | |
| Are bonus Programs Available? | No |
Security Protocols and Measures:
| Data | eToro | |
|---|---|---|
| (2FA) available? | Yes | |
| (SSL) security? | Yes | |
| (AML) Policy Compliance | Yes | |
| Know Your Customer (KYC) | Yes |
🌐Brand Influence:
| Data | eToro | |
|---|---|---|
| Twitter Follower Counts | 340.1K |
💹Forex Fixed Spreads:
| Data | eToro | |
|---|---|---|
| EUR/GBP Spread Range | 2 | |
| EUR/USD Spread Range | 1 | |
| USD/JPY Spread Range | 1 | |
| GBP/USD Spread Range | 2 | |
| USD/CHF Spread Range | 1.2 | |
| AUD/USD Spread Range | 1 | |
| USD/CAD Spread Range | 1.8 | |
| NZD/USD Spread Range | 2.5 |
Trade Execution Methods:
| Data | eToro | |
|---|---|---|
| Direct Market Access (DMA) | No | |
| Straight Through Processing (STP) | Yes | |
| Electronic Communication Network (ECN) Execution | No | |
| Market Maker Model | Yes | |
| Non-Dealing Desk (NDD) Approach | Yes | |
| First In, First Out (FIFO) Rule Application | No | |
| 4-Digit Decimal Pricing | Yes | |
| 5-Digit Decimal Pricing | Yes |
Order Types & Tools:
| Data | eToro | |
|---|---|---|
| Stop Loss Orders | Yes | |
| Take Profit Orders | Yes | |
| Limit Orders | Yes | |
| Fill or Kill (FOK) Orders | Yes | |
| Trailing Stop Orders | Yes | |
| Margin Call Alerts | Yes | |
| One Cancels Other (OCO) Orders | No | |
| Guaranteed Stop Loss Orders | No | |
| Negative Balance Protection Measures | Yes | |
| Minimum Trade Sizes | 10 | |
| Maximum Trade Sizes | - |
Available Asset Classes:
| Data | eToro | |
|---|---|---|
| Forex Currency Pairs | 47 | |
| Cryptocurrencies | 47 | |
| Commodities | 47 | |
| Equities | 957 | |
| Market Indices | 13 | |
| Exchange-Traded Funds (ETFs) | 145 | |
| Futures Contracts | - | |
| Options Contracts | No | |
| Bonds | No | |
| Metals | 4 | |
| Agricultural Products | 3 | |
| Energy Resources | 2 | |
| Interest Rates | No | |
| Penny Stocks | No | |
| Initial Public Offerings (IPOs) | No | |
| Asset Blends | 19 | |
| Dow Jones Index | No | |
| FTSE 100 Index | Yes | |
| DAX Index | Yes | |
| Nikkei 225 Index | Yes | |
| Gold Market Trading | Yes |
Special Account Features:
| Data | eToro | |
|---|---|---|
| Multi-Account Manager (MAM) | No | |
| Percentage Allocation Money Management (PAMM) | No | |
| Social Trading Integration | Yes | |
| Copy Trading Support | Yes | |
| Lot Allocation Money Management (LAMM) | No |
Supported Trading Techniques:
| Data | eToro | |
|---|---|---|
| Scalping Strategies | No | |
| Hedging Techniques | No | |
| Spread Betting Opportunities | No | |
| Automated Expert Advisor (EA) Integration | No | |
| Virtual Private Server (VPS) Options | No | |
| Application Programming Interface (API) Support | No |
Trading Tools and Features:
| Data | eToro | |
|---|---|---|
| One-Click Trade Execution | Yes | |
| Signal Trading Availability | Yes | |
| Price Alert Notifications | Yes | |
| Number of Chart Indicators Offered | 67 | |
| Number of Chart Drawing Tools Provided | 14 | |
| Direct Trading From Charts | Yes | |
| Customizable Watchlist | Yes |
Mobile Trading Compatibility:
| Data | eToro | |
|---|---|---|
| Android App | Yes | |
| iOS App | Yes | |
| Windows Mobile App | No | |
| Mobile Trading Signal Integration | Yes | |
| App for Smartwatches | No | |
| Forex Mobile Trading | Yes | |
| CFD Mobile Trading | Yes | |
| Alert Notifications on Mobile Devices | Yes | |
| Mobile Charting and Drawing Tools | Yes | |
| Languages Supported on Mobile App | en, ar, chi(t/s), cz, dan, de, es, fi, fr, ne, nor, pol, rom, ru, swe, thai, viet, mal, it | |
| Watchlist Feature on Mobile App | Yes |
Commodity Offerings:
| Data | eToro | |
|---|---|---|
| Crude Oil Trading | 5 | |
| Natural Gas Trading | 0.05 | |
| Silver Markets | 5 | |
| Platinum Trading | 35 | |
| Copper Trading | 2 | |
| Soybean Contracts | No | |
| Corn Markets | No | |
| Gold Markets | 45 | |
| Lithium Markets | Yes |
Stock Trading Fees:
| Data | eToro | |
|---|---|---|
| Apple Shares | Zero | |
| Amazon (AMZN) Shares | Zero | |
| Invidia Shares | Zero | |
| META Shares | Zero | |
| Ford Motor Co Shares | Zero | |
| Alphabet (GOOGL) Shares | Zero | |
| BP Shares | Zero | |
| Tesco Shares | Zero | |
| Barclays Shares | Zero | |
| Lloyds Shares | Zero | |
| Adobe (ADBE) Shares | Zero | |
| Microsoft (MSFT) Shares | Zero | |
| Nvidia (NVDA) Shares | Zero |
Index Trading Fees:
| Data | eToro | |
|---|---|---|
| FTSE 100 Fee Structure | 0.015 | |
| S&P 500 Fee Structure | 0.0075 | |
| Dow Jones Fee Structure | - | |
| Nasdaq Fee Structure | 0.01 | |
| CAC 40 Fee Structure | 0.02 | |
| DAX 30 Fee Structure | 0.02 | |
| Nikkei 225 Fee Structure | 0.01 | |
| Euro Stoxx 50 Fee Structure | 0.03 |
Cryptocurrency Trading Fees: Maker-Taker-Spread
| Data | eToro | |
|---|---|---|
| Bitcoin Fees | 0.75%, 1.25%, Up to 3.5% | |
| Ethereum Fees | 0.75%, 1.25%, Up to 3.5% | |
| Ripple Fees | 0.75%, 1.25%, Up to 3.5% | |
| Binance Coin Fees | 0.75%, 1.25%, Up to 3.5% | |
| Cardano Fees | 0.75%, 1.25%, Up to 3.5% | |
| Solana Fees | 0.75%, 1.25%, Up to 3.5% | |
| Polygon Fees | 0.75%, 1.25%, Up to 3.5% | |
| Dogecoin Fees | 0.75%, 1.25%, Up to 3.5% | |
| Chainlink (LINK) Fees | 0.75%, 1.25%, Up to 3.5% | |
| Polkadot (DOT) | 0.75%, 1.25%, Up to 3.5% | |
| Avalanche (AVAX) | 0.75%, 1.25%, Up to 3.5% |
Available Trading Platforms:
| Data | eToro | |
|---|---|---|
| cTrader Desktop App | No | |
| cTrader Web Interface | No | |
| Mirror Trader Platform | No | |
| ZuluTrade Integration | No | |
| MT4 Desktop Interface | No | |
| MT4 Web Platform | No | |
| MT5 Desktop App | No | |
| MT5 Web Interface | No | |
| Tradingview | No | |
| Proprietary Desktop Software | No | |
| Proprietary Web-based Platform | No | |
| Mac-Compatible Platform Options | No | |
| Sirix Trading Platform | No |
Education Resources:
| Data | eToro | |
|---|---|---|
| Education Offerings | Yes | |
| Webinar Offerings | Yes | |
| Platform Tutorial Videos | No | |
| Beginner-Level Trading Videos | Yes | |
| Expert-Level Trading Videos | Yes | |
| Tutorial guides | Yes | |
| Terminology Glossary | Yes |
Customer Support Options:
| Data | eToro | |
|---|---|---|
| Callback Request Feature | No | |
| Email Support Availability | Yes | |
| Telephone Support | No | |
| Live Chat support | Yes | |
| Offered Support Languages | en, ar, chi(t/s), cz, dan, de, es, fi, fr, ne, nor, pol, rom, ru, swe, thai, viet, mal, it |
Research-Tools:
| Data | eToro | |
|---|---|---|
| In-Depth Professional Reports | Yes | |
| Social Trading Features - Social Newsfeeds | Yes | |
| Economic Event Calendar | Yes | |
| Daily Email With Trading Ideas | Yes | |
| Analysis From Trading Central (Recognia) | No | |
| Analysis From Delkos Research | No | |
| AutoChartist Tool | No | |
| Trader Sentiment Metrics | Yes | |
| Twitter-Based News Updates | Yes | |
| Facebook-Based News Updates | Yes | |
| Daily Market Commentary | Yes |
eToro review and trust: • Full updated eToro Review📝
Inside eToro:
eToro Legitimacy:
Safety and Regulation:
Customer Service:
Disclaimer And General Risk Warning:
- ► The information provided should not be seen as financial advice and is only intended for entertainment and informational purposes.
- ► Financial asset providers listed offer a variety of financial products and services, including Stocks, Crypto assets, and CFDs.
- ► CFDs are complex instruments with high risk due to leverage. In fact a 77% to 86% of retail investor accounts lose money when trading CFDs. Make sure you understand how CFDs work and evaluate whether you can afford the potential risk of losing your money.
- ► Past performance does not guarantee future results. A trading history of less than 5 complete years may not be sufficient for making investment decisions.
- ► Financial asset providers do not constitute investment advice. The value of your investments can fluctuate, putting your capital at risk.
- ► Cryptoasset investments are highly volatile and may be unregulated in some jurisdictions. Consumer protection may not be available, and taxes on profits could apply.
- ► USA financial asset providers are not affiliated with any specific entity and do not offer CFDs. The platforms take no responsibility for the accuracy or completeness of the content in this publication, which is based on publicly available, non-entity-specific information.
► Trade with caution and be warned!
Author & Expert Trader - Financial Analyst:
