Adam Rosen - Lead financial writer
When trading live markets with eToro you will want to make sure any money you deposit with eToro is safe. And that any positive balance that you gain from succesful trades on eToro you are easily able to withdraw to your selected withdrawal methods. Its important to only fund well regulated trading platforms as you have some recourse if eToro goes under. When analysing if eToro are a safe trading platform to trade with you need to asses the availability of eToro in your country, the reliability of the eToro trading platform, what financial instruments you are able to trade on eToro. What funding and margin amounts are required to trade on eToro, eToro commissions and fees charged for place buy and sell orders. What the eToro reconciliation process is, what reporting demands eToro has to financial regulators and goverment and the level of eToro customer support on offer in your region.
eToro is a broker that offers trading in Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs. eToro is not as safe as some more well regulated brokers. The eToro platform is intuitive and user-friendly, and it comes with an excellent eToro trading app for mobile devices. Investing opportunities are available through over 2000 eToro financial instruments. So eToro will have something useful for most traders.
eToro is known to have a stable trading platform as well as its prompt and expert customer service. The features eToro offers, make it possible for traders to recognise opportunities, react to them, and quickly carry out buy and sell orders on live financial markets using eToro tools.
eToro is well regulated, always be wary of trading platforms like eToro that seem too good to be true and if you are new to eToro, always try a demo account first.
eToro Desktop based trading platforms offer a more secure experience than their eToro mobile app counterparts. eToro trading applications must follow some fundamental guidelines, when giving traders access to live high risk financial markets. If a trading platform is offered as both a mobile app and a desktop application like eToro, the eToro desktop software is going to be a more secure option than the eToro mobile software if you are serious about trading.
eToro is not as safe as some more well regulated brokers in terms of their trading app. The eToro application can be downloaded from the mobile app stores for both Apple's iOS and Google's Android operating systems, as well as from third-party websites. Only download eToro from an approved verified source.
Do not confuse a basic looking eToro trading app on your smartphone with a robust full eToro trading platform that offers live expert customer support. Some mobile trading apps will have fewer bells and whistles than then a full fledged eToro desktop trading platform on multiple screens. When there is significant volatility in the markets, a genuine trading platform like eToro must not only remain stable but also operate without interruption thanks to its robust network and well-programmed live market infrastructure.
Because eToro is a proper trading platform, eToro can seem overly complicated to new eToro traders. eToro is an excellent option for individuals who are just beginning their trading careers, to experienced eToro traders alike. eToro does an excellent job of striking a balance between the various helpful tools and features it includes in its user-friendly eToro web platform and eToro mobile trading app.
There are many online trading sites that provide real-time quotes and information on trades like eToro. For some eToro investors, the convenience of dealing with everything in one place improves a traders workflow when using eToro. Customers of brokers such as eToro are given access to live data streams relating to the stock markets, Forex markets, commodities markets, crypto markets and ETF markets on eToro.
The funds belonging to eToro customers are stored safely in tier 1 banks, and an SSL encryption system is used to protect any personal information that may be transmitted to and from eToro. eToro is subject to regulation by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC), which govern how eToro as a company conducts its business. Please note that specific regulators only monitor specific eToro company entities. You need to be sure of which financial regulator your eToro account falls under, before trading on eToro.
When checking the safety of eToro. Be wary of websites that provide a limited number of customer support options. Live chat, email, and phone support are all available from eToro. If the eToro trading platform. If you ever have any issues with funding your eToro account, withdrawaling from your eToro account or accessing the eToro trading platform you will need eToro customer support to resolve your issue quickly.
The process of withdrawing money from eToro accounts is straightforward. Up to the value of the current eToro balance in your eToro account, less the amount of margin that has been used, may be withdrawn at any time. Your eToro funds will be refunded to the same account that was used for the eToro initial deposit, and any eToro refunds will be processed using the same orginal eToro deposit method.
In the event that eToro are unable to fulfil their financial commitments to eToro registered users, financial regulators should have a fund will be used to compensate qualifying eToro customers. Any compensation from eToro financial regulators may only be to a limited amount.
It is possible for the sum of money you have available to you in the eToro trading platform to go into the negatives. This may happen if all of your eToro available balance is invested in open positions, eToro overnight fees are deducted from your eToro account, or trading losses are incurred when trading with eToro.
eToro have integrated real stock trading and ETF into their operational models through the use of CFDs. In recent years, eToro has implemented a number of useful improvements that have made the platform better suited to the needs of long-term investors. The majority of eToro users trade in highly volatile, high risk financial instruments that have a high percentage of loss. If you are considering trading CFDS with eToro, understand that CFD trading is high risk due to the leverage used, and you do not own the underlying CFD asset on eToro. A CFD trade on eToro is speculation on price movement between you and eToro.
eToro gives users the opportunity to trade and invest in a wide variety of digital currencies. eToro conducts business in a manner that is compliant with the regulations of Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC). The eToro platform has a good range of cryptocurrency trading options. When trading crypto assets or related crypto financial products on eToro, you must understand that cryptocurrency prices are highly volatile and your capital is at risk when trading crypto on the eToro trading platform.
The eToro trading platform gives users the opportunity to invest in the foreign exchange market using a selection of different currency pairs, which can be examined in more detail on the eToro website. eToro offers traders over Forex pairs, including major, minor and exotic currency pairs.
On eToro, the trading of stocks can be done in one of two distinct ways. You have the option of buying and selling stocks directly (also known as trading real shares) or by using eToro contracts for difference (CFDs). You are able to trade in either direction with eToro CFD stocks, and you can also use leverage to magnify the exposure of your eToro stock trades. Trading CFD stocks on eToro is high risk and you may lose more than your deposited amount if a eToro CFD stock trade does not go in your favour.
eToro makes it simple and easy to trade in commodities such as gold, silver, platinum, copper, nickel, aluminium, and palladium. The eToro platform is governed by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC).
eToro ensures the safety of its customers funds by depositing eToro customer deposits in reputable financial institutions and encrypting all of their eToro held personal information using SSL technology. Because eToro complies with the regulations set forth by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) in order to conduct business, there are safeguards in place to protect eToro investors.
It is possible for the sum of money you have available to you in the eToro platform to go into the negatives. This might happen if all of your available eToro funds is invested in open positions, eToro overnight fees are deducted, or eToro trading losses are incurred. Both of these things could happen. When it comes to trading CFDs with eToro, retail investor accounts lose money at a rate of upto 80% on average. Only trade with money that you can afford to lose with eToro. 51% of retail investor accounts lose money when trading CFDs with this provider.
When depositing to eToro you will need to make sure that any funding method you use is a well regulated safe financial services provider. eToro offers Credit cards, VISA, MasterCard, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, Giropay, eWallets funding and withdrawal methods. Some eToro funding and withdrawal methods may not be avalable in your region.
The eToro trading platform holds funds which may include fiat currency, cryptos and other assets. This can be considered a type of eToro wallet. eToro have to offer a secure trading platform as part of their regulation. eToro has a number of high-level security features that prevent unauthorised access to the user's positive balance holdings. eToro comes equipped with built-in DDoS protection as well as standardisation protocols for addressing issues related to large-scale eToro network outages or eToro cyberattacks.
You have a responsibility to make certain that the eToro trading platform you use has a high level of security so that your personal information is not put at risk. The use of firewalls at both the eToro server and eToro application levels, as well as separate synced eToro servers for storing data, is a feature that is a must for top-tier trading platforms like eToro. In addition eToro offers two factor authenication.
When deciding upon eToro A reliable eToro trading platform has a lower risk of experiencing eToro network issues, data freezing, or eToro order execution problems, all of which have the potential to affect eToro trades. It is absolutely necessary to have prompt access to eToro customer support provided by a real person at eToro. Some eToro alternative trading platforms are notorious for providing slow customer after many days of e-mails. You will need to be sure eToro is there if you have any issues and eToro is always able to give you the tools you need to action your trading strategy.
Trading forex on eToro requires you to digest massive swaths of data before you can even think about making a live buy or sell Forex pair order. Using eToro technical analysis charting tools you should be able to access all of the necessary information in a single eToro location. Numerous online trading platforms like eToro give you access to both fundamental and technical information in order to assist you in making more informed Forex trading choices.
eToro fees may be somewhat more expensive than some eToro alternative trading platforms, which is one of the drawbacks of using the eToro platform. You will need to be well aware of any trading fees and commissions which vary depending on the financial instrument you are trading on eToro.
The Securities and Exchange Commission issues a warning to eToro investors that it takes time to make legitimate eToro investment decisions. eToro investors who aren't used to dealing with markets that move quickly may find themselves swept up in the excitement of trading live financial markets on eToro. They might end up losing a lot of money on eToro, before they even realise what has happened to them.
eToro investors who trade stocks, Forex, crypto, commodities, CFDs and ETFs online should educate themselves about the companies whose shares they are purchasing using eToro and put safeguards in place to protect the money they have deposited to the eToro trading platform. One way to exercise control over the items and quantities that you purchase through eToro is to set a limit order on your eToro trading account. You are able to set a specific price in eToro at which an asset will be purchased by using the eToro order limits trading feature.
You have no emotional of personal connection to eToro when trading. eToro traders have to make their own decisions based on their own research and knowledge. eToro is not able to give you financial advice. It is your responiblity to educate yourself to market trends and risk management strategies when using eToro to trade. eToro as a broker will not be able to assist eToro traders in navigating the complex terrain of the financial markets.
When it comes to making choices regarding the purchase and sale of financial instruments on eToro, eToro traders are frequently left to their own devices. This degree of independence can bring about a feeling of self-dependence in some people using the eToro trading platform.
Should your internet connection be unreliable or unsteady when trading with eToro, you run the risk of missing out on a deal that could have been significant or lucrative for you.
eToro investors ought to always have a contingency plan in place when trading live financial market using eToro, just in case they lose access to the internet. eToro customers are able to place their orders with eToro mobile apps. Some eToro alternatives even offer their clients the option of dealing with live brokers to place their orders.
When placing live trades on eToro, every trade that is actioned wether its a buy or sell order on eToro, must be done after careful research and consideration using eToro research tools and market trend data. For some people, buying and selling financial instruments on global markets with eToro is very similar to gambling. The eToro trader will first speculate on what the outcome of something will be, and then place a financial wager on whether or not the speculation will be accurate. Trading live global markets with eToro must never be done in a gambling fashion. Trading with eToro holds a high amount of risk and must be taken seriously. Risk management strategies are a must when placing live trades on eToro.
eToro Financial Regulation: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)
🤴 eToro is Used By: 20,000,000
💵 What You Can Trade with eToro: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs,
💵 Instruments Available with eToro: 2000
📈 eToro Inactivity Fees: Yes
💰 eToro Withdrawal Fees: Yes
💰 eToro Payment Methods: Credit cards, VISA, MasterCard, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, Giropay, eWallets,
💰 eToro Account Base Currencies: USD
eToro Risk warning : 51% of retail investor accounts lose money when trading CFDs with this provider.
IC Markets Financial Regulation: Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
🤴 IC Markets is Used By: 180,000
💵 What You Can Trade with IC Markets: Forex, Majors, Energies, Metals, Agriculturals,
💵 Instruments Available with IC Markets: 232
📈 IC Markets Inactivity Fees: No
💰 IC Markets Withdrawal Fees: No
💰 IC Markets Payment Methods: Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking,
💰 IC Markets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD
IC Markets Risk warning : Losses can exceed deposits
Roboforex Financial Regulation: RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272
🤴 Roboforex is Used By: 10,000
💵 What You Can Trade with Roboforex: Forex, Minors, Majors, Exotics, Indices, Metals,
💵 Instruments Available with Roboforex: 100
📈 Roboforex Inactivity Fees: No
💰 Roboforex Withdrawal Fees: Yes
💰 Roboforex Payment Methods: Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, BPAY, China UnionPay, FasaPay, CashU, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer,
💰 Roboforex Account Base Currencies: USD, EUR, XAU
Roboforex Risk warning : Losses can exceed deposits
AvaTrade Financial Regulation: Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI)
🤴 AvaTrade is Used By: 200,000
💵 What You Can Trade with AvaTrade: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds,
💵 Instruments Available with AvaTrade: 1000
📈 AvaTrade Inactivity Fees: No
💰 AvaTrade Withdrawal Fees: No
💰 AvaTrade Payment Methods: Credit cards, VISA, MasterCard, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, WebMoney, Payoneer,
💰 AvaTrade Account Base Currencies: USD, GBP, EUR, JPY, AUD
AvaTrade Risk warning : 71% of retail CFD accounts lose money
FP Markets Financial Regulation: Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Financial Services Authority (St. Vincent and the Grenadines)
🤴 FP Markets is Used By: 10,000
💵 What You Can Trade with FP Markets: Forex, Minors, Majors, Exotics, Indices, Metals,
💵 Instruments Available with FP Markets: 100
📈 FP Markets Inactivity Fees: No
💰 FP Markets Withdrawal Fees: No
💰 FP Markets Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, BPAY, POLi, PayPal, Neteller, Skrill, PayTrust, NganLuong VN, Fasapay, Broker to Broker, OnlinePay China, Directa24, Klarna, PayTrust88, Payoneer,
💰 FP Markets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD
FP Markets Risk warning : Losses can exceed deposits
NordFX Financial Regulation: Cyprus Securities and Exchange Commission (CySEC), License No: 209/13
🤴 NordFX is Used By: 10,000
💵 What You Can Trade with NordFX: Forex, Majors, Metals,
💵 Instruments Available with NordFX: 50
📈 NordFX Inactivity Fees: No
💰 NordFX Withdrawal Fees: No
💰 NordFX Payment Methods: Bank Transfer, Neteller, PerfectMoney, WebMoney, FasaPay, CashU, Payza, QIWI,
💰 NordFX Account Base Currencies: USD, EUR
NordFX Risk warning : Losses can exceed deposits
XTB Financial Regulation: Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comision Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa
🤴 XTB is Used By: 250,000
💵 What You Can Trade with XTB: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Agriculturals, ETFs,
💵 Instruments Available with XTB: 4000
📈 XTB Inactivity Fees: Yes
💰 XTB Withdrawal Fees: No
💰 XTB Payment Methods: Credit cards, MasterCard, Maestro, Visa, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, Skrill, Poli, Paysafe, Payoneer,
💰 XTB Account Base Currencies: USD, GBP, EUR
XTB Risk warning : 76% - 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pepperstone Financial Regulation: Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
🤴 Pepperstone is Used By: 89,000
💵 What You Can Trade with Pepperstone: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals,
💵 Instruments Available with Pepperstone: 100
📈 Pepperstone Inactivity Fees: Yes
💰 Pepperstone Withdrawal Fees: No
💰 Pepperstone Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, BPAY, POLi, UnionPay, FasaPay, QIWI, Payoneer,
💰 Pepperstone Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, NZD, HKD
Pepperstone Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
XM Financial Regulation: Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
🤴 XM is Used By: 10,000,000
💵 What You Can Trade with XM: Forex, Stock CFDs, Commodity CFDs, Minors, Majors, Exotics, Equity Indices CFD, Energies CFD, Precious Metals
💵 Instruments Available with XM: 1000
📈 XM Inactivity Fees: Yes
💰 XM Withdrawal Fees: No
💰 XM Payment Methods: Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Moneta, ABAQOOS, PRZELEWY24, Neteller, PerfectMoney, WebMoney, UnionPay, FasaPay, CashU, Payza, QIWI, SOFORT, Giropay, Payoneer, Skrill,
💰 XM Account Base Currencies:
XM Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor
accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford
to take the high risk of losing your money.
FXPrimus Financial Regulation: Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Vanuatu Financial Services Commission (VFSC)
🤴 FXPrimus is Used By: 10,000
💵 What You Can Trade with FXPrimus: Forex, Minors, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals,
💵 Instruments Available with FXPrimus: 130
📈 FXPrimus Inactivity Fees: No
💰 FXPrimus Withdrawal Fees: Varies
💰 FXPrimus Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Payoneer, SafeCharge, TrustPay, EmerchantPay, Bitcoin, UnionPay, FasaPay, Giropay,
💰 FXPrimus Account Base Currencies: USD, GBP, EUR, SGD, PLN
FXPrimus Risk warning : Losses can exceed deposits
easyMarkets Financial Regulation: Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
🤴 easyMarkets is Used By: 142,500
💵 What You Can Trade with easyMarkets: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals, Agriculturals, Options,
💵 Instruments Available with easyMarkets: 200
📈 easyMarkets Inactivity Fees: No
💰 easyMarkets Withdrawal Fees: No
💰 easyMarkets Payment Methods: Credit cards, MasterCard, Maestro, American Express, JCB, Astropay, Debit cards, Bank Transfer, SOFORT, GiroPay, iDeal, Bpay, Electronic wallets (eWallets), Skrill, Neteller, WebMoney, UnionPay, WeChatPay, FasaPay, STICPAY,
💰 easyMarkets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, CNY, CZK, HKD, ILS, MXN, NOK, NZD, PLN, SEK, TRY, ZAR
easyMarkets Risk warning : Your capital is at risk
Trading 212 Financial Regulation: Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
🤴 Trading 212 is Used By: 15,000,000
💵 What You Can Trade with Trading 212: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, ETFs, Bonds,
💵 Instruments Available with Trading 212: 10000
📈 Trading 212 Inactivity Fees: No
💰 Trading 212 Withdrawal Fees: No
💰 Trading 212 Payment Methods: Credit cards, MasterCard, VISA, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Skrill, Dotpay, Carte Bleue, Direct eBanking, Apple Pay, Google Pay, iDeal, Giropay,
💰 Trading 212 Account Base Currencies: USD, GBP, EUR, CHF
Trading 212 Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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