eToro Review

(8,848 user reviews)

 3.9/5

Simon Lewis

Simon is a recognized world expert in investing. He has tested dozens of investment clubs, communities and investment research services. His research has been featured on Bloomberg, Business Insider, The New York Times, Wall Street Journal, CNet and more.

Ranked #4 out of 5

eToro - Best for crypto and social trading

eToro trading platform is an online brokerage service established in 2007. The fintech company offers a unique social trading feature that allows users to copy other investor’s tradings, giving them the opportunity to learn from successful shareholders. It also gives access to over 10 million registered users who can share their insights and advice on how to trade successfully.

The company has a wide variety of tradable assets, including stocks, ETFs, indices, commodities, cryptocurrencies, and other assets. EToro also offers over 50 currency pairs on global Forex markets to trade. To start investing is necessary to make a minimum initial deposit of $200.

Interactive Brokers Pros & Cons

Pros

Commission-free trades on stocks & ETF
Social and copy trading
Excellent for cryptocurrency trading
Access to global markets (2.400 stocks across 17 markets)
Easy to use website and mobile app
High social community of traders
Fast & easy account opening

Cons

Commissions & Fees

eToro charges no commission on stock trades or ETFs, nor management fees when copying other traders and investing in portfolios. However, the brokerage service charges high non-trading fees, such as a $5 charge for withdrawal requests, inactivity fees of $10/month after 12 months with no activity, and FX charges on non-USD deposits and withdrawals.

Although charging non-trading fees, the platform offers transparent and easy-to-understand pricing. EToro may also charge overnight fees and spreads depending on the size and time of the trade. Spread, which is the gap between buying and selling prices, can vary from asset to asset. For cryptocurrencies, spreads are wide, ranging from 0.75% to 5%.

Stock Trade	ETF Trade	Options Base	Options Per Contract	Futures Per Contract	OTC Trade	CFD's Trades	Mutual Fund Trade	Forex Trade	Crypto Trade	Inactive Account	Withdrawal
$0.00	$0.00	N/A	N/A	N/A	N/A	Variable spread and overnight fees	N/A	Variable spread	Variable spread (0.75% for Bitcoin)	$10 a month after one year	$5

Feature	Fee
Stock Trade	$0.00
ETF Trade	$0.00
Options Base	N/A
Options Per Contract	N/A
Futures Per Contract	N/A
OTC Trade	N/A
CFDs Trades	Variable spread and overnight fees
Mutual Fund Trade	N/A
Forex Trade	Variable spread
Crypto Trade	Variable spread (0.75% for Bitcoin)
Inactive Account	$10 a month after one year
Withdrawal	$5