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Who Are eToro?

The following eToro UK review I’ve tested each aspect of the trading platform to discover the reason eToro has more than 20 million users and is one of the top trading platforms available.

eToro is one of the biggest social trading communities on the internet But is it the best platform to trade on to meet your specific needs?

I’m hoping to clarify some of the facts surrounding eToro to help you make an informed choice regarding whether eToro can assist you on the way to achieving success in trading.

Minimum Deposit £10

The minimum deposit required for UK customers at eToro is currently only PS10*

*Correct at the time of publication. The information is subject to changes. Check website for details.

68 percent of accounts for retail investors have losses when trading CFDs using this broker. It is important to be aware of whether you can afford to risk the risk of losing your funds. Your capital is in danger.

eToro is an Israeli Fintech startup that has gained lots of attention for it is a top social trading platform since its creation at the end of 2007. The social trading platform on eToro lets you observe the strategies employed by some trader experts using the eToro trading platform to increase your own profits through mirror or copy trading.

In the UK, eToro is authorised and monitored under the Financial Conduct Authority, which ensures you a certain amount of security. But, because eToro offers a variety of assets trade platform, it offers trades in CFD instruments, eToro can present a risky alternative for traders who do not know the basics of CFDs. But, eToro also offers 0 percent fees for trading stocks which, for investors is a platform for trading worth considering.


The facts that you need to know about eToro

eToro is an online trading and investing platform that lets users trade various instruments, such as commodities, currencies, stocks as well as cryptocurrency.
eToro was established in 2007 by the brothers Yoni as well as Ronen Assia, and David Ring.
eToro has more than 10 million active users in more than 140 nations.
eToro offers a wide range of features for its users such as copy trading, social trading as well as leverage.
eToro is subject to the supervision of the Cyprus Securities and Exchange Commission (CySEC) and The Financial Conduct Authority (FCA) as well as the Markets in Financial Instruments Directive (MiFID).
eToro provides a trial account for its customers.
eToro offers a mobile application available for the iOS as well as Android devices

Are eToro legit? Who is eToro?

eToro is a social trading, investment broker offering an extensive inventory of currencies, stocks commodities, cryptocurrencies, EFTs, and indices on its revolutionary trading platform.
Who is the owner of eToro?

eToro is a privately held fintech company that has Israeli, US and Chinese investors that hold the right to participate. The company’s founder and CEO are Israeli birthed Yoni Assia, who is a person of vision with a keen fascination for computing and finance.

In terms of licensing and regulations, eToro are licenced by the following authorities:

Financial Conduct Authority
Cyprus Securities and Exchange Commission
Financial Instruments Directive Financial Instruments Directive
Australian Securities and Investments Commission

eToro Product Range Overview

It is crucial to ensure that the platform you choose to use is offering the goods and services that you need to maximize the potential of your investment. Therefore I’ve looked at what’s available at eToro with this eToro review and, equally important is what’s not available. I’ve also taken the time to look at their offering in relation to those offered by two most popular investing platforms within the United Kingdom, Interactive Investor and Hargreaves Lansdown so you can get a clear comparison.

CFDs
Forex
Real stocks
ETFs
Cryptocurrencies
Commodities
Indices

It is a broad range of investment opportunities However it is also a comprehensive review of investments. eToro review I’ve contrasted them with a rival to show the way this compares to the market.

The eToro crypto wallet application comes with high-security encryption that allows you to save up to 120 currencies, demonstrating the growing popularity of trading with crypto in recent times,

On the negative side in the event of eToro you’ll lose the possibility of trading in bonds, options or investment trusts, as well as funds.

What distinguishes eToro apart from other brokers is their unique features that transform the way you trade , which we’ll explore more in depth later.

eToro CopyTrader Review

Like the name suggests CopyTrader lets you copy the portfolios of more skilled or successful eToro customers by looking their profiles and choosing traders based on their past performance, both at an annual as well as a monthly basis.

To make your decision much easier, eToro also assigns each trader a risk score’, as well as giving information about the number of trades each week, the average time to hold as well as charted performance and feed-feed comments. This can provide you with a complete picture and also allow you to duplicate up to 100 eToro users at once.

While conducting our eToro review, we discovered that one of the greatest benefits of CopyTrader is that you can begin copying other traders for no cost as there are no management costs. The minimum amount you can begin trading with on eToro can be PS10.

eToro ISA Review

I was disappointed when carrying out the eToro review to discover that eToro chose not to provide accounts with an ISA account, which would have eliminated the possibility of trading with tax-efficient ease inside the UK. However, that’s certainly not to say that it won’t be fixed in the near future. I’ll certainly be keeping an eye on this issue.

eToro SIPP Review

The absence of an SIPP account on eToro is a major hole in their online offering. The option for investors to make a transfer and invest their pension funds using the wide array of investment options will be a welcomed improvement.

The offering of accounts at eToro is quite basic offering just one account for investment. It really sabotages their investment platform.

eToro Demo Account

It is worth noting that the eToro demo account offers customers the chance to trade using $100,000 in demo money prior to putting any of their personal funds in the main account for trading. In light of the inexperience of the platform this is an ideal tool to help you get to familiarize yourself with the various products and features available on the platform.

eToro WebTrader

EToro’s WebTrader system is currently available in version 2.0 which lets users directly manage their stock market trades and forex trading, from the central platform, using the section for portfolios.

Individual traders can trade by entering orders directly. They can also control and monitor their personal position in the market, as well as monitor and control trades of other traders making use of their Copy Trading feature.

eToro Platform Review

eToro has created a elegant, contemporary trading platform that is simple to use and extremely efficient. It is accessible on mobile and the web, but they haven’t yet launched desktop-based versions of the market.

The eToro mobile app is definitely an outstanding offering to the market. Simple, clean modern, contemporary, and loaded with features that we really enjoyed using throughout our eToro review. It makes the trading experience seamless when you are on the go. But, eToro have only scored 3.4 out of 5 in the store for apps, with many of reviews complain about crashes of mobile apps.

For security reasons, eToro have installed an optional two-step login process that while it could make it more challenging to sign in, it will provide you with an additional layer of security.

Making orders, searching, and even notifications and alerts are all very simple and simple to use on eToro and offer investors an impressive level of convenience. With the eToro mobile version , you can set up an alert when an asset hits a specific price or when an purchase has been completed.

eToro has an excellent charting option on the eToro trading platform. It offers customers the ability to alter chart types, intervals as well as overlays as well as the capability to analyze the different charts in one go by using their eToro ProCharts function. Also, you can gain accessibility to the eToro Balance on your account.

eToro Research Service and Tools Review

If you’re looking for investors with an adequate amount of technical analysis, eToro will not disappoint. However, they offer only suggestions on a small number of stocks. However in the stocks that offer recommendations, there’s an abundance of information available like estimates of price and analyst reports.

While the information provided by eToro was excellent but it was not quite the quality of services like Interactive Investor or Hargreaves Lansdown due to the insufficient information available as well as the inadequacy of research reports. Additionally, eToro has failed to offer investors financial market information or screeners for stocks that are different from many of their competitors and this is an oversight.

But, eToro is able to cover the majority of this by using their social trading platform. This functions like social feeds, where other investors share their views on stocks, frequently with data that can help you make better decisions. The social aspect of trading isn’t widely accessible and is a fantastic feature.

In regards to the education aspect, eToro has missed the mark in terms of education. The only thing they offer is a few one-hour videos on their trading academy, and although they do offer valuable information on trading financial markets, placing orders and achieving goals but they make it hard for investors to get solutions to specific queries without having to watch long hours of webcasts.