Testing the leading social trading network: eToro review
We tested eToro, the extremely popular social trading platform. This platform seems to be a great choice for trading in stocks, crypto and financial instruments.
eToro has become a popular choice for millions of traders. Make smart investments and copy other traders automatically. Also get extra income if you yourself were to be copied by others in the trading network.
* eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% 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. eToro (Europe) Ltd., a Financial Services Company authorised and regulated by the Cyprus Securities Exchange Commission (CySEC) under the license # 109/10. eToro (UK) Ltd, a Financial Services Company authorised and regulated by the Financial Conduct Authority (FCA) under the license FRN 583263..
Notice: The content of this article does not apply to users belonging to the United States.
eToro has low cost and a unique trading platform
This is not a traditional online broker, and has unique features that perhaps no other service can compete with. The trading opportunities and the social trading network are the biggest advantage, but there are also other positive qualities with eToro.
Low cost. At eToro you can trade 100% in shares with 0% commission, and they have fee-free trading. This does not apply to short trading or leveraged trading in shares, but also here they are competitively price-wise. eToro has clear prices and an updated price list is available on the website.
Lots of trading opportunities. At eToro there is a large selection in equities. They also have no markup, one-time fees, or management fees for stock trading. Trading opportunities include stocks, currency, commodities, derivatives, cryptocurrencies via CFDs.
Unique social trading network. There are millions of traders here, and a unique atmosphere. Get to know and trade with leading traders from all over the world.
A leading social trading network
When you as a trader start using eToro, you have instant access to the popular social trading network. You then have the opportunity to discuss and monitor what other traders are buying or selling, and you can compare trading strategies.
Copy others, or be copied yourself and earn an extra income.
It is possible to automatically copy trading portfolios to all other users of eToro who have an open profile. If you wish to trade anonymously without being part of their social trading network, you can also do this by setting your profile to "private". When opening an account, it will be set to private, so be sure to open it up if you want others to see what you buy and sell. The advantage of this is that others can copy you, and you will be able to earn extra money.
* eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% 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. eToro (Europe) Ltd., a Financial Services Company authorised and regulated by the Cyprus Securities Exchange Commission (CySEC) under the license # 109/10. eToro (UK) Ltd, a Financial Services Company authorised and regulated by the Financial Conduct Authority (FCA) under the license FRN 583263..
