Quick eToro Review SummaryFounded in2007HeadquartersUnited KingdomRegulationsASIC, CySEC, FCATradable Assets7,000+, 6,202 stocks, 703 ETFs, 42 commodities, 55 currences, 18 indices, 106 cryptocurrenciesDemo Account✅ ($100,000 in virtual funds)Min Deposit$10Trading FeesFrom 1 pip (EUR/USD) & commission-free (forex)Non-Trading FeesWithdrawal fee: Free (GBP and EUR accounts) or $5 (USD investment account)Inactivity fee: $10/month applies to accounts with no logins in the previous 12 monthsLeverageUp to 1:30 (retail)/1:400 (professional)Trading PlatformseToro proprietary platform, MetaTrader 4Copy/Social Trading✅Payment MethodsCredit/debit cards, bank transfers, PayPal, Neteller, SkrillCustomer Support/Overview of eToro eToro is a multi-asset social trading platform that has gained widespread popularity among investors, traders, and social media enthusiasts since its inception in 2007. It offers users access to a wide range of financial instruments, including stocks, cryptocurrencies, forex, indices, and commodities, among others. The platform provides a user-friendly interface that caters to both novice and experienced traders alike, making it one of the most popular trading platforms on the market. One of eToro's standout features is its social trading capabilities, which allow users to copy the trades of successful traders and build their investment portfolios. The platform has a large community of traders who share insights, strategies, and knowledge, making it an excellent learning resource for traders looking to improve their skills.Pros & Cons eToro's user-friendly interface, range of trading assets, and social trading features have made it popular among both beginner and experienced traders. However, as with any trading platform, eToro has its pros and cons, which potential users should consider before signing up. In this section, we will discuss the advantages and disadvantages of using eToro as a trading platform.ProsConsUser-friendly and easy-to-use platformInactivity fee charged after 12 months of inactivityRegulated by reputable financial authorities$5 withdrawal fee for the USD investment accountCopy trading and social trading featuresLimited contact optionsDemo accounts available for practiceIs eToro Legit? eToro is a legitimate and regulated online brokerage firm that has been operating since 2007. It is licensed and regulated by several reputable financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC).Regulated CountryRegulated byRegulated EntityLicense TypeLicense NumberASICETORO AUS CAPITAL LIMITEDMarket Making (MM)000491139 CySECEtoro (Europe) LimitedMarket Making (MM)109/10FCAeToro (UK) LtdStraight Through Processing (STP)583263 The company is also a member of the Investor Compensation Fund, which provides additional protection for traders' funds. However, as with any investment platform, there are risks involved in trading, and traders should always be aware of the potential risks and take steps to protect their investments.Market Instruments eToro offers a wide range of financial instruments for traders to choose from, covering various markets globally. Traders can access more than 7,000 assets, including 6,202 stocks, 703 ETFs, 42 commodities, 55 currences, 18 indices, and 106 cryptocurrencies. With this wide range of instruments available, traders can diversify their portfolios and explore various markets to find the best investment opportunities.Asset ClassSupportedStocks✔ETFs✔Commodities✔Currencies✔Indices✔Cryptocurrencies✔Bonds❌Options❌Leverage eToro offers leverage for trading various financial instruments. The maximum leverage provided by eToro varies depending on the instrument and the jurisdiction of the client.Asset ClassMax Leverage (Reatil)Max Leverage (Professional)Major forex pairs1:301:400Commodities1:201:100Stocks1:5 It is noted that high leverage can amplify your potential returns, but more importantly, it can increase your risks.Spreads and Commissions The spread for EUR/USD pair is from 1 pip, which is more competitive than most other brokers. If you are interested in spreads on other trading instruments, you can directly visit https://www.etoro.com/trading/fees/cfd-spreads/ As for commissions, if you trade on ETFs or CFDs, there is no commission. However, there is a commssion of $1 or $2 for stock trading and 1% commission for crypto trading.Asset ClassCommissionStock$1/2ETFs❌Crypto1%CFDs❌Fees On eToro, account opening and management are both free of charge. However, withdrawal fee, inactivity fee, and conversion fee are charged, and you can find detailed info in the table below:Account Opening Fee❌Management Fee❌Withdrawal FeeFree (GBP and EUR accounts) or $5 (USD investment account)Inactivity Fee$10/month applies to accounts with no logins in the previous 12 monthsConversion Fee0.75%Trading Platform eToro offers its proprietary trading platform, which is designed to be user-friendly and intuitive, particularly for novice traders. The platform provides a variety of tools and features, including real-time market data, advanced charting tools, and an easy-to-use order entry system. One of the most notable features of the eToro platform is its social trading functionality, which allows users to follow and copy the trades of successful traders. This feature is particularly appealing to new traders who may lack the knowledge or experience to make their own trades. In addition to its proprietary platform, eToro also supports the popular MetaTrader 4 (MT4) platform, which is widely used by traders around the world. MT4 is known for its advanced charting capabilities, extensive library of technical indicators, and the ability to automate trading strategies through the use of Expert Advisors (EAs).Deposits & Withdrawals Deposit eToro accepts multiple payment methods, including credit/debit cards, bank transfers, and e-wallets such as PayPal, Neteller, and Skrill. The minimum deposit amount is $10, which is relatively low compared to other brokers in the industry. Deposits are usually processed instantly or within one business day, depending on the payment method. eToro does not charge any deposit fees, but some payment providers may have their own fees. eToro allows you to withdraw funds using the same payment methods as deposits. Withdrawal The minimum withdrawal amount is $30, and there is a withdrawal fee of $5 for USD investment account, while free for GBP and EUR accounts. Withdrawals are usually processed within one business day, but it may take longer for bank transfers. Before making a withdrawal, you need to verify your identity and complete the necessary KYC (Know Your Customer) procedures. eToro also has a policy of returning funds to the original payment method used for deposits, whenever possible.Educational Resources When it comes to educational resources, Toro offers a variety of educational content to help traders improve their skills and knowledge of the financial markets. These resources include but are not limited to:eToro Academy: This is an online education portal that provides traders with a wide range of educational materials, including articles, videos, webinars, and courses on various topics such as trading strategies, market analysis, risk management, and more.Trading Guides: eToro also offers a series of trading guides that provide in-depth information on various trading topics, including stocks, commodities, currencies, and indices.Market News and Analysis: eToro provides traders with up-to-date news and analysis on the financial markets. This includes daily market updates, weekly market analysis, and other educational content. More other educational resources can be found on its official website.Conclusion Overall, eToro is a reputable and user-friendly online trading platform that offers a wide range of financial instruments and trading options to its clients. Its innovative social trading features, intuitive platform, and excellent customer service make it an attractive choice for both beginner and experienced traders. However, it does have some drawbacks, such as withdrawal and inactivity fees charged, as well as limited direct contact channels.FAQs Is eToro a regulated broker? Yes, eToro is a regulated broker. It is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) in Europe, the Financial Conduct Authority (FCA) in the UK, and the Australian Securities and Investments Commission (ASIC) in Australia. What trading instruments are available on eToro? eToro offers 7,000+ trading instruments, including 6,202 stocks, 703 ETFs, 42 commodities, 55 currences, 18 indices, and 106 cryptocurrencies. Does eToro offer a demo account? Yes, eToro offers a demo account that allows you to practice trading with up to $100,000 virtual funds. The demo account is free and can be used for an unlimited period of time.