eToro is an established CFD broker, that was originally founded back in 2007.
Officially owned and operated by eToro (UK) Ltd. Their official address is at: One Canada Square, 42nd floor, Canary Wharf, London E14 5AB United Kingdom. Contact phone number in United Kingdom is: +442031500308. Official website is: https://www.etoro.com/.
For complaints or problems withdrawing your money read this.
eToro Brokers Review
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.
Have you tried out the popular broker ForTrade? Learn more…
Is eToro a Legit Broker?
The best way for a trader to know if their broker is legitimate is by verifying that the broker has a license. A broker that is licensed and regulated in your home country, means that they are legitimate. If they are located in an offshore island in the middle of the pacific ocean, there is a good change that they are a scam.
- Europe: eToro (Europe) Ltd, is regulated by the Cyprus Securities Exchange Commission (CySEC) under the license # 109/10.
- United Kingdom: eToro (UK) Ltd, is duly authorised and regulated by the Financial Conduct Authority (FCA) under the license number FRN 583263.
- Australia: eToro AUS Capital Limited is licensed by the Australian Securities and Investments Commission (ASIC) to provide financial services under Australian FSL number 491139.
- United Arab Emirates: eToro (ME) Limited, is licensed and regulated by the Abu Dhabi Global Market (“ADGM”)’s Financial Services Regulatory Authority (“FSRA”) under Financial Services Permission Number 220073.
- United States: eToro USA LLC is located at: 221 River St., 9th Floor, Hoboken NJ 07030, NMLS ID: 1769299.
- International: eToro (Seychelles) Ltd. is licensed by the Financial Services Authority Seychelles (“FSAS”) to provide broker-dealer services under the Securities Act 2007 License #SD076
There are many benefits in only trading with a regulated broker, including financial insurance schemes, and protection from the government regulators.
Compare Licensed Brokers
There are so many CFD Trading Forex brokers to compare online, and many investors get lost with so many choices. You can see some popular Forex brokers here.
ForTrade is the best broker for new investors to start with. They are a legitimate broker, that is regulated by the FCA & ASIC, look here. Try a Free Demo Account, on their awesome trading platform, signup here.
If you are currently investing at the broker eToro, please share your experience in the comments below.