He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. Equities investors can access over 2,000 stocks from 17 exchanges at zero commissions and a minimum trade size of £50.

Opening an Account

The main difference between these different accounts is the maximum leverage available and the applicability of protection schemes. This is some way short of the more than 10,000 offered by the biggest multi-asset brokers but is still a considerable offering. Currently, eToro has over 15m users who enjoy access to trading in currencies, CFDs, indexes and commodities via the broker. The company’s online platform is as easy to use on a mobile device as it is a desktop machine and attracts thousands of new accounts on a daily basis. If you are facing any difficulty, you can also reach their customer service through their web-based ticketing system. EToro customer service is available in all 21 languages that the mobile and web trading platforms offer.

Does the broker offer trading in stocks and indices?

  1. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
  2. The final output produces star ratings from poor (one star) to excellent (five stars).
  3. The buttons, charts, and controls are exactly where they should be.
  4. On the downside, finding your fee report could be quite a hassle.
  5. The other key issue is the lack of functionality of features such as guaranteed stops and customisable charting.
  6. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only.

To open a sell position, select the stock on the eToro trading platform and switch the toggle from ‘Buy’ to ‘Sell.’ It’s that simple. At any point, you can check CFD, FX and other fees for yourself on our site or via the Market Hours and Fees page of their website. This page displays the current prices, the daily spread break, and the market hours for each asset, divided by class.

Range of Markets

EToro makes money by taking the difference between bid and ask prices. This practice is a typical way for brokers to price trades and collect fees, even if a platform notes fee-free or commission-free trading. We were pleasantly surprised by the etoro forex broker review results of our analysis of the support offered to cryptocurrency, FX, or CFD traders. The broker has a detailed Help Centre, which serves as an FAQ section. There is a convenient search option, as well as topics divided into 10 categories.

Mobile Trading App

There are “Research” and “News” tabs for most of the individual cryptocurrency, stock and ETF pages (these are only available to funded accounts). EToro investors often post content in hopes of building a revenue-generating following (see its Popular Investor program). Some of the posters are quite insightful, others less so, as you might expect.

The following table summarizes the different investment products available to eToro clients. Custom watchlists can be synced between the mobile and web platforms, allowing users to keep track of their interests regardless of which version they use to access eToro. Watchlists can be customized to add volatility alerts that send notifications directly to your phone. We were impressed by the broker’s regulation and deposit protection since the UK entity is authorised and regulated by the Financial Conduct Authority.

This influences which products we write about and where and how the product appears on a page. Meanwhile, converting from crypto to crypto at eToro only costs 0.1% (in addition to prevailing spreads). Although eToro has fractional investing, dividends paid out on the platform are not automatically reinvested in your portfolio. EToro credits payment to your cash balance if you hold a position in a stock or ETF that pays dividends.

Some other brokers don’t offer copy trading to demo accounts, so eToro already scores positive marks for doing so. A demo account also allows users to get a feel for the site as a whole. EToro https://forexhero.info/ is a multi -asset platform that offers both trading CFD assets as well as investing in crypto and stock assets. This is because it does not disclose its financial statements to the public.

EToro withdrawal options are also the same as the funding options. This is why you can use bank transfer, credit/debit, or electronic wallets to withdraw your funds. In our ranking, we placed the eToro fee level at either low, average, or high. This strictly depends on the relative comparison to other top brokers we have reviewed. However, to fully understand eToro fees, you need to have a basic understanding of broker fees. The highest encryption protocols are in place at all times and there is complete segregation of client funds from company funds.

Further, traders are presented with state-of-the-art software and resources to make their social trading experience reliable, enjoyable and profitable. With multiple deposit and withdrawal options available and the very best customer support services – eToro is definitely a cut above the rest. EToro offers all the tradable markets in the form of CFDs from cryptocurrency, shares to forex. The only negative is that eToro doesn’t offer stockbroker services that allow an individual to buy shares (not CFDs shares).

EToro offers a simple stock screening tool that allows you to filter stocks by a range of criteria. The platform also offers a volatility tracker where you can view the biggest movers. For a limited time, you can earn a bonus of $10 when you deposit at least $100 in your eToro account. If you want to sell or short a stock on the eToro platform, you can do so using the stock CFD.