eToro is an investing platform where users can trade several currencies, CFD stocks, and other commodities integrated within the platform. Cryptocurrency trading is available to everyone but eToro encourages it's 4.5 million users to connect and share their experience across social networks in order to get better results.
eToro uses CFD trading. CFD trading enables consumers to speculate on the rising or falling prices of cryptocurrencies and transform the difference into profit. The platform provides several other functions so one can invest in other different assets. eToro is suited for all user levels and they also provide detailed information on investing for beginners.
Crypto Currencies Support
Traditional Currency Support
- US Dollar (USD)
- European Union
- Hong Kong
- Most Africa
- Most of Asia
- Most of Eastern European Union
- Most of Latin America
- Most of the Middle East
- New Zealand
- Russian Federation
- United Kingdom of Great Britain and Northern Ireland
- Web Interface
- Mobile App
Stock Market Options
- Not customizable
- Limit Order
- Market Order
- Stop Order
eToro security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.
The platform was founded in 2006 in Tel Aviv by Yoni Assia and Ronen Assia. The company has registered offices in Cyprus, the United Kingdom, and the United States. Currently, eToro USA is not active and they don't accept clients from the USA. Their motto is:"Past performance is not an indication of future results.
Overall, eToro is an investment platform that allows its users to make fast profits by speculating on available markets. One can invest in cryptocurrency but without the possibility of buying the underlying asset. Instead, you cash out in fiat currency. This type of day trading is ideal for those who will be frequently moving money.
Deposit from bank account, Deposit using credit card, Deposit using 3rd party, Withdrawl funds to bank account, Withdrawal funds to credit card, Withdrawal funds through a third party
eToro allows its users to invest in cryptocurrencies, but doesn't have a custom interface or features for this kind of investments. One can deposit any currency and the platform automatically converts all funds to USD. Their exchange is quite fair in terms of fees on deposits. The platform offers a copy-trading feature for those who don't yet know how to trade manually.
locked accounts, lost funds, poor customer service, high commission rates, the website is often down