eToro is an established online broker, that was originally founded in 2007. Officially owned and operated by eToro (UK) Ltd, with an address of: One Canada Square, 42nd floor, Canary Wharf, London E14 5AB United Kingdom. Contact phone number in United Kingdom is: +44 203 150 0308. Official website is: https://www.etoro.com/.
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Our review of eToro finds that they are one of the largest social trading networks online. Offering a highly customizable and easy to use Forex CFD trading platform, investors have three options when it comes to investing with this broker.
- Trade Markets is where you can trade by yourself, using their unique trading software.
- Copy People is where you can browse for investors to follow. There are many filters available to find the right trader to follow and copy.
- Copy Portfolio is a feature where the broker put together groups of investors in which you can “invest” and follow them like a mutual fund or ETF.
You have literally hundreds of underlying assets available for CFD trading, including Major and Minor Currencies, Crypto Currency, Stock Market Indices, and Popular Commodities. Global Stocks (America, Europe, Spain France and Italy) and ETFs are also available. The minimum deposit for a new trading account is $200.
American investors are currently only able to invest on 10 Crypto Currency coins. Eventually they will add more products for Americans to trade.
eToro License & Regulation
When the Scam Broker Investigator reviews Forex and CFD brokers to determine if they are a scam or legitimate company, we check to see if they are licensed regulated.
- eToroUK is regulated by the Financial Conduct Authority (FCA) in United Kingdom and their reference number is 583263.
- eToro Europe is licensed and regulated in Cyprus by CySEC with license number 109/10.
- eToro AUS Capital Pty Ltd is licensed and regulated in Australia by ASIC with AFSL License 491139.
There are many benefits in only trading with a regulated broker, including financial insurance schemes, and protection from the government regulators.
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Try a Free Demo Account, on their awesome trading platform, signup here.
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eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFD assets.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
Past performance is not an indication of future results.