Visit Broker

    Demo Account: Yes
    Allows Hedging: Yes
    Allows Scalping: No
    Headquarters: Limassol, Cyprus
    Founded: 2007
    Trading Platform(s): eToro webTrader, etoro Openbook, eToro Mobile Trader
    Regulating Authority(s): FCA, CySec
    Minimum Deposit: $200
    Maximum Leverage: 400:1

    Visit eToro


    Minimum Deposit
    Maximum Leverage

    eToro Review

    Founded in 2007, eToro is the world’s leading social trading platform. During its inception, eToro’s founders set out to create an online trading platform that is accessible to the masses, while keeping its professional and ethical values. With over 1,000 assets across five categories (commodities, stocks, currencies, indices and ETFs), and diverse social elements, it is no wonder that tens of thousands of traders worldwide choose eToro as their trading platform.

    eToro’s platform places high emphasis on usability, and has made great efforts to make its platform intuitive, and streamline the online trading process. The company offers Forex services, and trading of other assets via CFDs. The platform displays great amounts of information, both regarding its various instruments and on its users, so traders can have a lot of data to use when making their investment decisions. Since some traders need access to their accounts 24/7, eToro’s mobile app is based on the same principle of accessibility, and features an intuitive interface.

    Social Trading With eToro's Openbook

    When it comes to social trading, eToro is a pioneering platform, with an array of features and services that lean on the fact that it has so many clients. At first, eToro was composed of two separate platforms: Webtrader, which was a straightforward manual-trading platform and OpenBook. OpenBook, a social trading platform, was introduced back in 2010 (and has since been integrated into the platform). As both platforms were merged since, the social element has become one of eToro’s key aspects, enabling users to interact, follow one-another and copy other traders. A basic principle of the platform is giving users enough access to information, to make sure they make educated investment decisions. On top of the easy-to-understand charts, and daily financial newsletter, the social elements of the platform allows clients to learn from each other.

    Following the best traders to profit

    The Copy Trading feature enables clients to invest some of their funds into another trader’s portfolio. Since eToro works in full transparency, each trader’s portfolio, track record and risk score are available for other users to see, so they have all the information they need to make their decision. Copy Trading is an excellent tool for people who want to invest online, yet don’t always have the time to constantly check recent developments in the market and actively monitor their portfolio. Additionally, by following and copying other traders, users can expand their understanding of the market and get a better idea of the trading style they wish to adapt.

    The Popular Investor (Guru) Program

    Another feature which makes eToro unique is its Popular Investor program. When a certain investor has enough copiers on eToro, they receive Popular Investor status, and gain certain benefits and special fees. Clients have great incentive to become Popular Investors, since they receive a monthly payment from eToro, and receive a spread rebate worth up to 100%, enabling top Popular Investors to essentially trade commission-free.

    eToro holds its clients to the highest regard, providing them service in 16 languages and operating 24-hour customer service, five days a week. When it comes to regulations, eToro adheres to the highest standards, operating under the approval of both the UK’s FCA and Cyprus’ CySec.

    Smart investors need to understand where and how they invest, particularly when it comes to online platforms. Our review of eToro Group, ltd. works to ensure you're given the best information prior to making a first trade.

    Company Overview

    eToro Group, ltd. is one of the largest international online investment firms in the world, serving a world wide consumer base. The firm was founded less than ten years ago in 2006, and it's based in Limassol, Cyprus. eToro Group creates and markets financial trading platforms, enabling users to trade various financial assets. But the current leadership continues to include Jonathan Assia, founder and current Chief Executive Office and Director of the firm.

    Account Types

    Accounts are set-up according to initial deposit amounts and limits within your account.

    Five different levels bring different access to customer service:

    You can start with a 'Practice Account.' It allows time to become fluent in the software and user-ability of the platform with play money. When you're ready, you can trade at one of these levels:

    Bronze: For less than $1,000 deposited
    VIP: For more than $20,000 deposited

    You're able to fund your account at the basic level for as little as $50.00, allowing anyone who wants to the ability to learn how to trade seriously. Not bad.

    Commissions and Spreads

    Commissions and spreads with eToro are straightforward and depend on the type of deposit. For currency instruments, spreads run between three to seven pips. Commodities run between 5 to 90 pips. Index stocks have a spread between 100 to 1,000 pips. Additionally, traders should factor in transaction fees; these can fall at about 0.1% per one cent of stock fees and 1% of every cent for Bitcoin fees.

    We'd say you absolutely need to factor in and weigh currency conversion values against possible gains. Most Forex trading sites charge a fee to start, but eToro does not which makes them a popular platform.

    Trading Software

    eToro was founded by software developers. They've taken the idea of 'Open Book' financial trading and folded social media interaction and communication into it. Copying top traders and asking for tips and recommendations is encouraged here. Downloading the software is not an option as it's positioned entirely online. But the responsiveness is key and fast. Moving money back to accounts is simple and immediate.


    Deposits and Withdrawals

    eToro does include a lot of fees. Stay attentive to this when factoring in your gain and particularly in your withdrawal schedule. They charge about a 5% withdrawal fee and a minimum of $20.00 to do so. They make it easy to start, though, accepting almost any kind of deposit, from credit card, bank transfer and Bitcoin.

    Customer Support

    eToro has a well-rounded help center that's easy to navigate. Almost any question can be answered there and it's intuitive. Customer service really comes into play with this trading platform. First, they don't charge a fee to start and make it extremely easy to use. But the social aspect of the site is the biggest draw. Users enjoy expert accessibility and a high level of trading visibility on this platform. Not to mention there's a 24/7 support option for technical assistance.

    Regulations and Safety

    The platform uses current SSL encrypted technology ensuring deposits and withdrawals are safe. It also is not affected by the stability of Cyprus because all deposits go into non-Cypriot institutions.


    eToro has taken care in its trading philosophy to abstain from leverage trading of stock. However, it does provide leveraging of other instruments with a 1:2 to 1:400 ratio.

    Bonus and Promotion Codes

    eToro offer a number of promotional codes for both premium and standard accounts. For standard accounts the current bonus codes for verified accounts are as follows:

    DepositBonus AmountPromotion Code
    $300 - $99925% Creditsstart
    $1,000 - $2,49930% Creditsstart
    $2,500 - $10,00040% Creditsstart

    All you need to do to qualify for the bonus is sign up and verify your account. You'll be sent an email to confirm you are verified. Simply log into your account and enter the promotional code above to claim your bonus!

    Bonus codes for Premium Accounts

    etoro's Premium or VIP accounts are for traders who either deposit $20,000 or have $20,000 total funds in their account at the end of a trading day. Members of eToro's Popular Investor program who have reached Champion or Elite level also qualify. As well as many other great benefits, eToro provide special deposit bonuses for these privileged accounts:

    Deposits of $2,500 - $19,999: 10% eToro Credit Bonus

    Deposits of $25,000 - $64,999: 15% eToro Credit Bonus

    Deposits of $65,000+ : Contact eToro for a unique offer

    Compared to other sites, eToro's social platform and Open Book visibility is an attractive option for traders.You can make money on eToro if you use the right strategies. We'd say be careful of the fees, even though it stacks up as the least expensive platform to get started on, it can be pricey if you're not strategic about when you move money and how. Otherwise, it's one of the better Forex trading sites. 

    Visit eToro's Website

Company Information
Broker's Name
Headquartered in
Limassol, Cyprus
Year Founded
Regulating Authority
FCA, CySec
US Clients Accepted
Telephone Number
357 2 5030234
Fax Number
44 866 350 881
E-Mail Address
Account Options
Type of Broker
Mini Account
VIP Account
Segregated Account
Islamic Account (Swap Free)
Demo Account
Institutional Accounts
Managed Accounts
Maximum Leverage
Minimum Deposit
Deposit Options
Credit Card, Debit Card, Wire Transfer, Moneybookers, Paypal, Webmoney, Moneygram, Westerrn Union, Neteller
Withdrawal Options
Credit Card, Wire Transfer, Moneybookers, Paypal, Webmoney, Neteller, Moneygram, Westerrn Union
More Instruments
Trading Platform
Platform Type
eToro webTrader, etoro Openbook, eToro Mobile Trader
Platform Languages
English, French, Spanish, German, Russian, Italian, Chinese, Arabic, Turkish, Portuguese, Japanese, Polish, Greek, Dutch, Swedish, Finnish,
OS Compatibility
Mac, Microsoft Windows, Mobile, Web, iPhone, iPad
Streaming News Feed
Charting Package
Trading Signals
Automated Trading
Trade From Charts
Market Commentary
E-mail Alerts
Mobile Alerts
Trailing Stops
Guaranteed Stop Loss
Guaranteed Limit Orders
Guaranteed Fills
Interest on Margin
One-Click Execution
OCO Orders
Mobile Trading
Web-Based Trading
Customer Service
Customer Support Languages
English, French, Spanish, German, Russian, Italian, Chinese, Arabic, Turkish, Portuguese, Japanese, Polish, Greek, Dutch, Swedish, Finnish, Multi-lingual
Customer Service Hours
24/5 Mon-Fri.
Place Trades Over the Phone?
Bonuses & Rewards
No Deposit Bonus
Bonus for First Deposit
Is the Bonus Based on the Volume of the Transaction?
Other Bonuses

Our Rating: 
Average: 4.5 (1 vote)
The leading Social Trading platform with 4.5m traders
Follow other traders or be a leader and earn
Personal service and VIP perks
Broker Type: 

Related Articles

  • Markets.comCompany Overview is an online Forex and CFD broker for investors. As part of its services, it provides customer support and...
  • Company Overview AVATrade has grown to a trading volume of 2 million a month with 20,000 customers since being founded in 2006. Headquartered in...
  • IronFX Company Overview As a global leader in online trading, IronFX provides one of the best trading experiences available today. With five...
  • Company Overview ETX Capital was originally established in 1973. ETX is the brand name used for the holding company Monecor Ltd. Currently, this...
  • Easy-Markets Worldwide Ltd.Company Overview EasyMarkets have been in business for more than 10 years, having previously been known as 'Easy Forex'....
  • Trade360 was founded in 2013 as the world’s first ever CrowdTrading platform. Based on the principle of ‘the wisdom of crowds’, the company’s Live...
  • FX Primus FX Primus is an award-winning international broker that offers more than just forex trading. The firm is established in the Republic of...
  • - XFR Financial Ltd Xtrade is a Cyprus-based, Cysec-regulated broker offering 1:400 leverage. The broker offers deposit and withdrawal...
  • Social networking sites are a great way to follow and connect with family, friends, entertainers, and to stay updated on news events. There are also...
  • Forex Time An international Forex broker, ForexTime offers its customers the best services for trading stocks, bonds, commodities and foreign...

Featured Brokers


Risk Warning


Your capital is at risk. Trading in Forex and Contracts for Difference (CFDs) is highly speculative and involves a significant risk of loss.  The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. This website is provided for informational purposes only and in no way constitutes financial advice. A featured listing does not constitute a recommendation or endorsement.

Forex Brokers....

About ForexTrading.Company

Forex Trading.Company was established to provide global traders a deep and insightful source of information on forex trading, its key strategies and indicators. With guides for everyone from beginner traders in Bangladesh to advanced strategists in Hong Kong we want the world trading community to benefit from our in-depth broker reviews, features, and commentary. We list the world's top regulated and authorised brokers suitable for a global audience.

We aim to think global, act local with our website, so that whether you're in Asia, Europe or Africa you can gain from our content on the world's biggest market.

About Us & Contact