
Introduction
The number of users in the social trading arena has dramatically increased over the years and among the pioneering brands that has been known in this market is eToro. As of this writing, this regulated (CySEC and FCA) brokerage firm has millions users worldwide that utilize their unique platform which makes the whole trading process straightforward.
Their strongest advantage is that they have a large customer base which allows their clients to fully diversify their trading portfolio. The downside, although minor, is that their platform lacks a feature where users can communicate via live chat to make things more engaging but other than that, the trading experience was exceptional. Please continue reading for the complete narrative of this review.
Account Features
Demo Account: Fully synchronized with live rates
The demo account can be used for an unlimited time and it comes with $100,000 virtual money. Best of all, the system is fully synchronized with live rates and has the same functionalities of a live account so the trading experience is very realistic. This is also a good way to fully test the platform and discover its features.
Account Types: Replaced with credits
There are no differences with the account types and they no longer offer deposit bonuses in accordance with the CySEC’s orders to desist from offering these promotions. What they now offer are credits which are intended for enhancing your trading portfolio. These are non-withdrawable but can be converted into a withdrawable one simply by trading. They also have a refer a friend program where you can earn $20 for every successful referral.
Trading Details
Platform: Flexible investment solutions
They used to have three different platforms but now they have integrated them all into a single platform which has all the tools that are needed for configuring the portfolio. It’s faster and much more convenient to use since it can now be accessed with just one unified interface.

Mobile Trading: Free to download apps
They have developed mobile apps for Android and iOS devices particularly for traders who are always on the go. It basically has all the same features of the web-based platforms so you can still do the basic tasks on your mobile device such as keeping up with the latest trends, managing the trading portfolio and opening and closing positions.
Minimum Lot Size: Risks are controlled
With an allowed minimum lot size of 0.01, you’ll have more control over the risks since you can set the trade to a value that you prefer. This is also an advantage for those who are new to the online trading scene because they can start with a much lower trade size.

Your capital is at risk.
Maximum Leverage: Increased profit potential
The maximum leverage that this broker offers is 1:400. Such ratio already gives a bigger opportunity to generate more income with every successful trade that you make.
Spreads: Competitive numbers
This broker provides very competitive spreads of about 2 pips. The lower values that they have on their table mean that the outcomes are much more favourable as the costs are much lower. For the EUR/USD pair the spread is at 3 pips.
Social Trading
Social Network Integration: Linked to Facebook and Google
Not only does this broker allow sign-ups via Facebook or Google, they have also included the functionality of being able to connect with your friends on the social networking site so you can keep up with their rankings and activities. What’s more, you can even share the posts and comments that you made on your Facebook, Twitter and LinkedIn accounts.

Automated Trade Copying: Flexible copy systems
One of the most powerful features of their platform is the CopyTrader which allows you to duplicate trading activities and set the amount that you want to copy automatically. Aside from this, they also have advanced options wherein you have the option to copy all of the currently open trades or only the new trades that are opened by the trader that you selected. They also have an automated risk control system which allows me to effectively manage the portfolio based on actual Profit/Loss values.

Traders Allowed to Copy: Infinite choices
One of their biggest advantages is that they have no restrictions on the number of traders that can be copied over their platform. And since there are over millions of traders to choose from in their network, you have the opportunity to fully diversify your trading portfolio and increase the success rate.

Deposit and Withdrawal
Minimum Deposit: The standard amount
For a minimum deposit of $200, you can already start trading with real money. This flexibility will give you more control over the money you wish to use as your capital.
Deposit Methods: Fast and straightforward options
Depositing funds into the eToro account was hassle-free since there are plenty of options to transfer money. This can be done via credit and debit cards (Visa, Mastercard, Diner’s Club), China Union Pay, Giropay (Sofortüberweisung), Neteller, Skrill Limited UK, WebMoney, Wire Transfer, Wirecard- Wire and Credit Card, Yandex and PayPal.

Withdrawal Processing Time: No delays
The waiting time for the processing of withdrawal requests is just 1 business day. It usually takes 1 to 2 days for your requests to be processed for most payment methods and 3 to 8 days for credit/debit cards and Wire Transfer.
Support
Channels: An array of options
Getting assistance from the support team is easy because there are plenty of ways to get in touch with them. You have the option to contact them via phone, fax email and live chat. There’s also a Have a Question/Get Instant Answers help box where you can type your question and get an answer immediately.
Availability: 24/5
They are available 24 hours a day but only during weekdays.
Supported Languages: Multi-lingual service
Aside from English, they also support other major languages and this includes Spanish, German, Italian, French, Chinese, Russian, Polish and Arabic.

User Reviews
Average User Rating: 9.8
This score was provided by various users and its value is taken from the accumulated votes that were given by actual traders who have tested this broker.





Editor’s Opinion
Platform Design: Simple and sleek
The interface is really well-designed and has a similarity to the simplicity of popular social networking sites. There are no complicated sections or menus and the graphical elements that they used are very simple so it’s easy to keep track of the profitable traders.
Support: Courteous and very professional
The support quality from their customer service team has always been professional. They are very courteous in answering questions and are very prompt in resolving all issues.
Reputation: One of the leaders in social trading
eToro is known to be one of the leaders in the forex trading industry because of the unique social network that they have integrated on their platform. The company is also regulated by the Cyprus Securities and Exchange Commission and the Financial Conduct Authority and has millions clients worldwide which makes them a huge and credible name in the online trading community.
Conclusion
Editor’s Rating: 92
eToro delivers a unique and highly intuitive platform allowing their users to tap into the wisdom of other successful traders which enhances the learning curve for making wiser trading decisions. With their competitive trading conditions, large customer base and groundbreaking features, there’s no question that they are the leading social investment network.
76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk
of losing your money.
This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.
Paien Bondy
I personally think that eToro are the best brokers out there, they are professional and helpful offering high quality and the best there is!
Bernd Dietrich
Opening a demo account with them is fun especially the virtual money to practice with copying social traders, great learning curve.
Oliver Winther
This broker has one of the best reputations in the financial world, that is why I choose them and glad I did!
Vlad Mordvinov
The platform on eToro is very intuitive and easy to use, makes for successful trades.
Gina R
Interesting feature but is the social trading really effective? I mean has anyone really made a profit out of copying somebody else’s trade?
N. Hubsch
Yes you can as long as you know who to follow and copy. Just like any form of trading, this comes with a risk but the process has been made simpler and much more interesting.
Zion DD
I had the same doubts as well until I tried it myself. The important factor here is to choose the right trader to follow and their moves that you’re going to copy. If you do it right, then you can really make a good investment return out if it.
Azzeddine Beijk
The sturdy trading conditions offered by etoro is the kind of experience I am contemplating as trader from Day 1.
Sebastian Hayward
You are so agreeable when you say that most of your experience with this brokers is too positive to ignore. I also need to let you all know that the platform speed is one with exceptional performance.
Sherrie Becerra
A new social trading site worth checking. They even undergone some changes.
Lazaro Toliver
What are some of the obvious changes in this platform?
Levi Chapman
They made some changes with the appearance of their platform. You can easily notice how it is easier to adjust your personal data.
Gilda Held
I got my withdrawals real quick via Paypal. How’s your requests guys?
Carrol Johns
I feel more assured that etoro paypal partnered together for a faster deposit and withdrawal transactions.
Jayden Marion
etoro isn’t just about forex trading, they also have the etoro social which I am starting to learn via the education section of this broker.
Shery Harding
Do you think that etoro social trading is easier to learn than trading forex itself?
Ocie Lim
Most of my colleagues are helping me out about this social trading and yes I enjoy the etoro refer friend that they have. You got to try, freebies are waiting for you.
Emiko Bui
If you are aiming to make big profit through trading bitcoins, which one will choose among the coinbase vs etoro option?
Marion Henning
My trading friends told me that it is much better to trade bitcoins via etoro because there are no restrictions set, unlike coinbase, XBT borders are only made available for high tiered users. And that definitely means that you need to invest more.
Dustin Gerald
Coinbase is prone to outages especially when Bitcoin’s highly volatile. I’d prefer trading on CFDs because it’s safer and less risky.
Leonel Bravo
Guys do you have any idea regarding the transfer bitcoins from bitstamp to etoro?
Vance Pannell
You can’t transfer this currency to eToro because it’s not a digital exchange. With eToro, you can trade on it via CFD which means there’s no need to own it.
Tamelko Steadman
Is the etoro paypal payment method a more convenient choice for everyone?
Benjamin Brown
So far, it is one of the most convenient payment for etoro. It is also quick and the funds was efficiently transferred to and from your account. No need to wait for a longer period of time.
R. Refran
Have you gotten a chance to check the difference between etoro vs kraken? If you were to trade which one will be your choice?
Jordan Yeoh
Is eToro still accepting traders from Canada? I’m trying to register but I’m getting a message that I’m not allowed.
Ron Williams
They stopped accepting Canadian traders. I suggest that you try with Avatrade. They still support traders from your country.
Mordell Burns
what are the reason behind stopping canadian traders from trading with etoro?
Omran Palmer
We may never know what the reasons were, but I guess it has something to do with the regulation.
Denaeres Scott
Have you heard of cryptocurrencies and can you use etoro platform trading it?
Bassim Simon
I am aware of the cryptocurrencies, and I think that etoro allows crypto trading on their platform.
Tony Flowers
what are some of the cryptocurrencies you can trade with them?
Roman Collins
they basically have bitcoin and litecoin on it, and some of the popular coins.
Kier Pearson
Is it profitable to trade cryptocoins nowadays?