eToro Review

Details

Broker eToro
Website URL https://ethereumtrading.pro/visit/etoro/
Founded 2006
Headquarters London, UK
Support Number +44-866-350-0881
Support Types Phone , Email , Live Chat
Languages 20 Different Languages
Trading Platform All-in-one platform
Minimum 1st Deposit £250
Minimum Account Size £250
Minimum Trade Amount 1 Unit
Maximum Trade Amount Depending on Account Type
Bonus Capital at Risk
Payout No Minimum
Leverage Depends on Asset Class
Spread Variable
Free Demo Account Open Demo
Regulated Yes
Regulation CySEC (Cyprus) , FCA (UK) , MiFID (EU) , NFA (USA)
Fee Info Overnight Fee , Inactivity Fee
Commissions Yes
Commission Info Depending on Account Type
Account Types Real , Demo
Deposit Methods Credit Card , PayPal , Wire Transfer , UnionPay , Skrill , Neteller
Withdrawal Methods Credit/Debit Cards , China Union Pay , Giropay, Neteller , PayPal , Skrill Limited UK , WebMoney , Wire Transfer , Wirecard , Yandex
Trading Methods CFD , Social Trading
Types of Assets Crypto , Shares , Indices , ETFs , Commodities , Social Trading
Trading Currency Ethereum , Ethereum Classic , Bitcoin , Bitcoin Cash , Ripple , Dash , Litecoin
Account Currency GBP , USD , EUR
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 98

Pros

  • Leader in Cryptocurrency trading
  • Reasonable Commission & Fees
  • Real CryptoCurrencies
  • CopyTrader™ Technology
  • Very intuitive, User-Friendly Platform

Cons

  • $5 No Activity Fee after 12 months
  • No Leverage on Cryptocurrency buying

eToro Review – About the Company

eToro is the first global CFD broker offering a marketplace and social trading platform for people to trade currencies (including Ethereum and Bitcoin), commodities, indices and stocks online in a simple, transparent and more enjoyable way. With offices in the United Kingdom, Cyprus and Israel, eToro is one of the leading multi-asset brokers that were among the first ones to introduce trading CFDs in cryptocurrencies, like Bitcoin and Ethereum. Please read this comprehensive eToro review to learn how you can trade cryptocurrencies online. 

eToro Review | How to invest in crypto with eToro | EthereumTrading.pro

eToro Review | How to invest in crypto with eToro | EthereumTrading.pro

eToro Review – CFD Service

We particularly want to make sure that you understand that you are trading CFD or Contract for Difference. You must understand that you will not buy Ethereum as such you can not hold it for a period of time while you wait for it to go up in price. If this is what you are after you need to register with an exchange and we will review shortly a few exchanges for you to try out. In the meantime, if you are interested to trade on the exchange price upward or downward trends, the only service with which you can do that is CFD. This is not only the easiest but cheapest option as well as you do not need to buy significant amounts to make a potential positive trade. Sadly, no Leverage is offered for your crypto trades as with other assets classes as this market is too volatile, as advised by eToro. Although, this removes quite a big chunk of fun and thrill from the trades but surely makes it much much safer. Remember with CFD trades, you also can make money on downtrends what you can not do if you invest in the cryptocurrency itself. But please make sure that you only trade an amount that you are willing to lose to avoid any potential irreversible damages in your personal life! This is very important!!!

What is so Great about eToro?

Demo Trading Account IconDemo/Virtual account worth of $100,000

eToro Educational Resources IconGreat educational resources

eToro Social Trading Icon

Social/Copy Trading Service

eToro Cryptocurrency Trading IconCryptocurrency Trading

Broker Covered Markets

With eToro you can invest in the following financial instruments cryptocurrency, including Ethereum, commodities, stocks,  fixed income, exchange-traded funds, indices, ETFs across USA, Europe and Asia.

eToro – Regulations

As of the time of this writing eToro, broker regulated by FCA (United Kingdom) and CySEC (Cyprus) has over 4.5 million loyal customers spread over 170 countries. Their innovative investment platforms and straight-forward trading process allows everyone, from professional financial advisers to absolute beginners, to achieve their financial and investment goals.

Advantages of the eToro Platform

One of the main advantages of eToro is large and expanding customer base and diverse choice of instruments you can trade. Enjoy hassle-free deposits and withdrawals, instant execution of trades and a free $100,000 demo account to practice your strategy.

eToro Review | Platform Interface | EthereumTrading.pro

eToro Review | Platform Interface | EthereumTrading.pro

The eToro platform is very easy to navigate almost intuitive interface, which does not require lengthy adaptation time and learning curve. You can easily find instruments you want to invest in and study their historical charts. Apart from the easy navigational menu, you can also enjoy the social trading option. You can browse the most successful traders and adapt or copy their trade strategy what can be very useful if you do not like to sit in from of your computer all day and analyse the markets. Once you become a seasoned trader you can start developing your strategies and be copied for what the platform actually pays you a commission. So the more successful you become as a trader the more chances you will have to earn as a copied trader as well. 

To prove that eToro is a social trading platform you also can get up to £100 from inviting your friends to try the platform out and in return your friend will get $50 for joining the platform. not bad, ha….?

What is Copy trading?

Copy or Social trading is one of the services eToro offers to novice traders to make the trading experience more fun, easier and hassle-free while you are learning and becoming more experienced in trading. You effectively can copy more experienced traders by browsing their performance, choosing the ones, which suit your risk appetite and markets you are most interested in trading. While this is a whole new topic, deserving a review on its own, we offer your attention a comprehensive overview of the service by eToro to show some of the advantages of this trading.

eToro Review

  • Largest Social Trading Platform
  • Engaging Interface
  • Great for Novice Investors
Capital at Risk
Visit Now

eToro Review | Copy Trading| EthereumTrading.rpo

eToro Review | Copy Trading| EthereumTrading.rpo

How to deposit funds on eToro?

Once you have registered and undergone the verification process you are ready to start trading but before, of course, you need to deposit funds. Here are a few helpful screenshots where and how you can do that and what depositing methods are available and accepted by eToro. As a first-time depositor, you can deposit from minimum £200 (first time) to a maximum of £10,000.

eToro Review | How to Deposit Funds on eToro | EthereumTrading.rpo

eToro Review | How to Deposit Funds on eToro | EthereumTrading.rpo

Accepted Deposit Methods on eToro

Below are the funds deposing methods accepted by eToro. Also, bear in mind that eToro charges a fee when you decide to withdraw money from your account and it is $25 and a minimum withdrawal amount is $50.  

eToro Review | Deposit Methods | EthereumTrading.pro

eToro Review | Deposit Methods | EthereumTrading.pro

eToro PayPal Deposit

Can I transfer funds from my PayPal account? For most countries yes, you can transfer funds from your PayPal account and start trading Ethereum. There may be some limitation for other countries where PayPal is not a widely accepted payment medium. 

eToro Review – Trading Fees

eToro spreads and overnight fees for cryptocurrency trading are listed in the table below. Fees generated from the spread will be charged at the closing of a position. No fee charged at the opening of a position, as these spreads may change over time. These spreads are the minimal spreads and are not guaranteed. The fees may vary according to market conditions and liquidity. eToro reserves the right to widen the spreads if market conditions change.

All minuses refer to a fee; all positive numbers show a credit. The daily fee/credit will be multiplied by 3 for positions carried over Wednesday nights. The fees/credit will be charged/credited at 17:00 New York time for any position open at this time.

eToro Review | Fees & Charges | EthereumTrading.pro

eToro Review | Fees & Charges | EthereumTrading.pro

eToro Review – Trading Market Hours

Depending on the asset class and the market you are trading, different trading hours apply.  All traditional stock exchanges will trade normal working hours – from Monday morning to Friday evening.  Good news for those trading Ethereum and Bitcoin is that the market open 24/7, meaning that you can open and close trading positions when you feel like. 

eToro Review | How to trade crypto on eToro | EthereumTrading.pro

eToro Review | How to trade crypto on eToro | EthereumTrading.pro

eToro Review – Conclusion:

Overall we liked eToro’s platform for its easy and fancy navigational interface, for the chance to be able to copy more successful traders strategies, for being able to use the leverage option (not in cryptocurrency trading though…) easy ways to get in and out of the trades and of course the virtual Demo account. We think eToro is a great tool for beginner traders who are just learning and getting accustomed to the jargon, making their first trades, tasting the world of the trading. However, it is also great for seasoned traders who just want a hassle free easy, quick no-nonsense trading platform. There are some drawbacks as per our cons list but as you already figured cryptocurrency trading is still a very new an undiscovered territory so may brokers do not yet know what is going to happen with uncontrollably growing prices, government’s take on this and further regulations which may quite frankly influence the future prices of digital currencies. Another potential disadvantage is a £1,000 minimum deposit. That could be required to cover potential margin calls when trading with leverage, so if you are serious in trading and have a responsible approach that should not be a problem. 

RISK WARNING: Cryptocurrencies can fluctuate in prices and are therefore not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework.

Visit Broker
Copyright © 2018. All Rights Reserved. EthereumTrading.pro | Flytonic Theme by Flytonic.