Okay, so where do we start our eToro broker review? Let’s begin with a little bit of introduction to them.

eToro is a brokerage and trading platform that focuses on social trading and gives its clients the ability to invest and trade on various assets. From investing in regular stocks to investing in ETFs and different commodities like oil, gold, indices, and even cryptocurrencies, eToro has got you covered.

Journey From Establishment Till Now

eToro was founded back in 2008 in tel Aviv, Israel. Since then, it has grown to a massive organization that recently, in January 2022, has been valued at $8.8 billion. So eToro is a massive established company with more than 25 million users globally, not just any regular, tiny brokerage.

Which Services/Tools/Ways To Invest/Trade Does eToro Offer? 

Now let’s get to the interesting part of our eToro broker review: what are the different things eToro actually has to offer. I’ll cut it into two, things that investors can use and things that traders can use.

Let’s Start With Investors 

First of all, you can buy over 2,700 different stocks, 264 of the most popular ETFs, and even invest in different cryptocurrencies. And one of the things that makes me like eToro the most is the fact that investing in regular stocks is completely commission-free! Brilliant, isn’t it?

eToro also offers something that’s called “Smart Portfolios,” Which are pre-made portfolios, very similar to an ETF which they have constructed as a package kind of deal. So you as an investor can focus on specific sectors of the market in a simple and diverse way!

And Now For Traders

First of all, you can trade with leverage (CFD), which can increase your buying power. Although it will increase your risk, it will also raise potential from the different trades you conduct!

Secondly, you can also trade on different currency pairs, cryptocurrencies, indices, commodities (bet you wish you bought some oil back in 2020), and all the different stocks & ETFs with leverage of your choice!

These are the major things that investors and traders can benefit from when choosing to “actively” invest or trade. But they have another interesting trick up their sleeve!

Social Trading For All

Any member can access something that’s called Social Trading. In short, it lets you follow a specific investor/trader that uses their platform and copy exactly what he does into your account! So if you see someone there with a great track record, you can always consider just copying him and letting him do all the hard work!

But of course, don’t forget that past performance does not indicate future results. As you can see so far, as an investing/trading platform, they offer many different tools that can help anyone!

But What About The Actual Usability Of Their Platform? 

Well, I truly believe eToro is one of the most, if not the most user-friendly trading/investing platforms I have encountered. The learning curve about the platform is very short, and anyone can easily grasp how to use it. It works great on mobile, works great as a web page, and is not cluttered with tons of graphs, running numbers, and all the other stuff that put off most people with no experience in the markets.

And! We have even made a short guide for our Etoro broker review focusing on how to use eToro!

** it will be uploaded soon **

What About Regulations? 

Here’s a quick recap about regulation and what it means. Many different industries need to be regulated in order to give different types of services. For example, in the United States, when a new medicine is invented, it needs to be approved by the FDA (Food and Drug Authority) to show consumers that it’s safe to use. All the risks of using it are known.

The same goes for financial institutions. Different countries/unions have certain guidelines that the financial institutions need to follow to provide financial services in that jurisdiction legally. And just for you to know, even your bank must be regulated by the local financial regulator in order for them to give you financial services.

So to cut things short, every financial institution must be overseen and regulated, and in that way, an investor can be sure of the safety of their funds. The more different regulations the financial institution is regulated by, the more countries it can operate legally in.

So What About eToro?

Well, eToro is regulated by 6 different regulations, which let them operate in many countries all over the world, including the United Kingdom (FCA), United States (FinCEN), Australia (ASIC), and many more. And that shows investors that eToro is a trustworthy financial institution, and you can invest your money safely with them.

Here’s The Catch                                                          

Let’s get to the bottom line, should you use eToro?

Yes, a big yes! Especially if you are just starting your investment journey. Their minimum deposit is about $50, which can definitely help get started without risking a big amount.

So if you haven’t started investing yet and you want to try it out, I really think you can get a great experience using eToro as your first investment platform due to the safety of funds, many different regulations, ease of use, and extremely low or even nonexistent fees!

And if you have already started investing, you should use eToro anyways for all the awesome tools and ease of use they can provide. Check them out; you will probably not regret it.

Here are the links to their official website!

If you’re from the US you should use this link – US eToro

If you’re from anywhere else in the world, you should use this link – Global eToro