eToro Review 2023

Information on this Website is provided for general information purposes only and should not be relied upon by you. Did a copy trader for a few weeks, this didn’t work well, even though the copy trader shows as having made profit, I only made a loss. Then most of my initial small deposit went back into my bank account. The next morning, this morning, have found Etoro have FRAUDULENTLY TAKEN £1000 AND TRIED £2000.

Compared to other providers, the broker is particularly inexpensive and easy to use. A Watchlist is a powerful tool for every trader and not every broker offers this feature. Here you can select markets that you find interesting and where you may want to invest later.

A detailed overview of your investments and the portfolio is very transparent and allows optimal management. In the following points, we will introduce you to the functions of Etoro. The spreads (trading fees – the difference between purchase and sale price) are very acceptable on Etoro. Especially in the cryptocurrency area, the provider is far ahead when it comes to low fees.

is etoro a scam

Even without using CopyTrader, users can view millions of other traders’ portfolios, stats and risk scores. (While they have full access to all public profiles worldwide, U.S. clients can copy only other U.S. users). If you’re looking for a straightforward, diversified way to invest your money, eToro’s Smart Portfolios are the perfect choice.

eToro Fees & Commissions

Based on our Expert findings, eToro offers a single account, with a simple account opening and access to a Demo account. This offer is available for traders who maintain balances from a min $5k. Many assets can be bought and sold with a 0% commission fee, but if you want to invest in cryptoassets you may incur higher fees than other platforms.

Conduct your own research and seek the advice of a licensed financial advisor. DollarBreak is reader-supported, when you sign up through links on this post, we may receive compensation. Trading CFDs on leverage involves significant risk of loss to your capital. So that should be eToro explained in as much detail as is relevant to the typical investor. There’s a sizable list of countries that are banned from opening an account with them. These countries include Albania, Canada, Cuba, Iran, Iraq, Jamaica, Japan, Nicaragua, Pakistan, Syria, and Serbia.

What protections are in place for retail investor accounts?

In terms of performance, his highest and lowest returns were 225% in 2020 and 43% in 2021 respectively. In terms of performance, his highest and lowest returns were 212% in 2020 and -20% in 2019 respectively. In terms of performance, his highest and lowest returns were 259% in 2021 and -24% in 2019 respectively. In terms of performance, his highest and lowest returns were 244% in 2021 and -35% in 2019 respectively. We’re going to take a closer look at our pick of the best traders to copy on eToro. Meanwhile, we look in more detail at copy trading in our frequently asked questions below.

is etoro a scam

The CopyPortfolios are friendly for anyone who wants to build a diversified portfolio. Similar to an ETF, a CopyPortfolio contains several different assets that together form an “Asset”. So if you invest in a CopyPortfolio, the investment is spread over a large number of investments at the same time. There are also CopyPortfolios which allow you to automatically replicate the portfolios of successful investors on the platform.

Instead, it is an Israeli company with registered offices in Australia, Israel, the United Kingdom, and the United States. Generally speaking, there are no reasons for concern – at least no more so than other established platforms with a large customer base. The minimum first deposit was reduced in United Kingdom, Switzerland, Italy, Sweden, Ireland, Spain, Netherlands, Germany, Austria, Norway, France, and Australia. Opening a new eToro account is simple and fast, with everything being completed 100% online. It will take a few minutes to go through the registration. You can take a look at the web platform if you have not yet registered.

Virtual Portfolio

I believe eToro is a better choice for beginners compared to other stock brokers. This is a problem that only affects a very small percentage of users, as there is little reason to change given the advantageous conditions offered and the ease of use. Then I used various anti-fraud services to investigate the goodness of the service. First of all, I reported my direct experience as an etoro user. In my opinion the safest way to use eToro for beginners is to rely on the copy trading service.

Alexander Küpferling has been a copy trader since 2020 and is a Champion on the Popular Investor Scheme. He currently has over 200 copiers and a total copy value of between $100,000 to $300,000. Creative Media has been a copy trader since 2017 and is a Champion on the Popular Investor Scheme.

is etoro a scam

EToro offers separate customer service for eToro and eToroX. Both platforms provide help centers and assistance via support tickets. But like many other crypto exchanges, phone support isn’t available. Through eToro’s simple web-based platform and well-designed mobile app, customers can deposit fiat currency from a debit card or bank account and begin trading immediately. EToro is one of the most reliable and trustworthy brokerage platforms you can use to invest your funds.

eToro Payout Terms and Options?

But the payouts are always processed fixed (in max. 3 days). In the past, there were delays because the CFD Broker was overloaded by the crypto hype. There are also inactivity fees of £8.44 ($10) per month if you have not used your account for etoro forex broker review a year. There’s a flat fee of £3.83 ($5) on withdrawals – so taking out funds will cost you. However, this sum is fixed, regardless of how much you withdraw. EToro is authorised and regulated by the Financial Conduct Authority in the UK.

We have checked the registrations, and eToro is indeed registered with these bodies. This means that the company has to abide by strict rules and can’t go crazy with your money. All of the information and materials available on is not financial advice and is for general informational purposes only. Nor PublicFinanceInternational or any of our affiliates makes any recommendation or implies any action based on the information we proved to you.

Can you make money?

Is there any reason for them to hold my money for that long? They are using my money to make profit and there is no sign about getting my money back. Although my account was fully verified and I provided them with every document they asked for, I’m waiting for around 3 weeks for some assistance in this matter, with no success. By the way, I’m a Platinum member and I’m supposed to get priority support assistance, but that’s just a huge lie. Customer Support in eToro is ranked good with an overall rating of 8.2 out of 10 based on our testing. We got fast and knowledgeable responses, also quite easy to reach during the working days.