CFDs are tricky tools and you could lose money fast because of how they work. Most people who trade CFDs lose money. Before you try them, make sure you really understand how they work and if you can handle the risk of losing your money.
eToro is a winner for its frindly and easy-to-use copy-trading platform where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
eToro minimum deposit - $10-$10,000
Trust Score: 90
Tradeable Symbols (Total): 3479
Pros
• eToro was founded in 2007 and follows rules in three top jurisdictions and one lower one. They have a Trust Score of "Highly Trusted."
• eToro is great for copying other traders and trading cryptocurrencies. It's our top choice for both in our 2024 awards.
• It's super easy to use with its website and mobile app, which is perfect for new investors.
• eToro offers lots of markets to trade, with over 3,000 options.
• eToro have insurance that can cover you for up to 1 million euros per client in certain countries.
Cons
• Trading forex and CFDs at eToro costs a bit more than other places, even though they've reduced some fees and now offer free trading for U.S. stocks.
• eToro don't allow automatic trading strategies.
• Having to set stop-loss and take-profit levels might not work for some trading plans.
• Special research tools are only for certain members who are part of higher club levels.
Overall Summary
eToro is highly trusted, with a Trust Score of 90 out of 99. It's not a publicly traded company and doesn't have a bank. It's authorized by top regulators in Australia, the UK, and the European Union. eToro offers a wide range of trading options, with over 3,000 symbols available. They make trading easy, letting you choose between trading CFDs or the actual assets. They also offer cryptocurrency trading and were voted the best broker for crypto trading in 2024.
eToro lets you trade a total of 3,479 different things. Here's a table that shows all the different stuff you can invest in with eToro.
eToro makes it easy for traders to use their platform. For instance, you can choose to trade CFDs or the actual assets right from the trade window. It's a small thing, but it's really helpful.
You can trade cryptocurrencies on eToro using CFDs or by buying the actual coins, like Bitcoin. They also have spot Bitcoin ETFs. Because they offer so many different cryptocurrencies to trade, both as CFDs and actual assets, eToro was chosen as the top broker for crypto trading in our 2024 awards.
Is eToro safe?
eToro is considered Highly Trusted, with an overall Trust Score of 90 out of 99. eToro is not publicly traded, does not operate a bank, and is authorised by three Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). eToro is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), and regulated in the European Union via the MiFID passporting system Learn more about Trust Score or see where the different eToro entities are regulated.
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