Want to know what you think about eToro ? We will help you ! 🙂

It’s hard to miss eToro : the online broker with 20 million customers is very present on the web with shocking arguments such as its 0% commission on stock purchases and its social trading service presented as the best in the world !
We have therefore tested and analysed its offer to give you our

objective and completeopinion on eToro to help you know if you should use this broker !

And we’re starting this eToro review for 2022 right away with the pros and cons of the online broker.

eToro Review : in brief

eToro : Advantages and Disadvantages

eToro : pros and cons
Benefits	Disadvantages
Excellent trading platform 0% commission on shares Competitive fees on ETFs and CFDs Powerful copy trading Buying cryptos in a regulated environment Reliable and recognised intermediary Your capital is protected	Dollar-denominated account No order book on shares Fees on withdrawals
Customer feedback	3.9/5 out of 9662 customer reviews
The opinion on blinds	Google Play : 4.3/5 out of 98294 reviews AppStore : 3.9/5 out of 3459 reviews
Our opinion on eToro	18/20
Current offer	0% commission on shares!

How is eToro regulated ?

eToro is a regulated broker in many countries around the world : in Cyprus for its European activities, in the UK and in Australia. So there’s nothing to worry about when it comes to regulation, eToro is serious, reliable and regulated. The broker operates in compliance with various specifications in multiple countries, some of which are very restrictive (in particular the British regulator). A guarantee of seriousness and security since eToro has not been the subject of any dispute with any regulator.

Here are some examples of jurisdictions in which eToro is regulated :

eToro control
Country Regulation	United Kingdom (FCA) Netherlands (DNB) Australia (ASIC) Cyprus (Cysec) USA (FINRA)etc
Activity	Broker
Protection against negative balances	Yes
Deposit insurance	Yes (up to £1 million)
Segregation of accounts	Yes

In all cases, your deposits at eToro are kept separate from the broker’s funds. Depending on the country in which eToro is regulated, the broker will offer various features on the trading account :

• Negative balance protection : automatic closing rule for transactions, so that your account does not have a negative balance
• Private insurance up to £1 million : in the event of broker bankruptcy

Our review of eToro shows that it is a trusted broker, without a doubt : your funds are safe with this broker. There are real guarantees of seriousness when it comes to managing your funds, keeping your cryptos and handling your requests. Another important point : we are not dealing here with a broker with aggressive commercial practices (repeated calls, aggressive canvassing).

What is eToro’s reputation ?

The feedback from trading customers on eToro is generally favourable. Feedback on eToro indicates that it is a broker that has very good reviews from its customers and users. The broker has quite positive reviews on the stores (4.3/5 on Google Play and 3.9/5 on App Store) and good feedback on certified review platforms (3.9/5 on TrustPilot). The quality of the trading experience is one of the positive points most appreciated by users. Criticisms and negatives include the lack of telephone customer service and high ancillary fees.

Here is a summary of the broker’s ratings on the internet :

eToro Customer Reviews
TrustPilot Notice	3.9/5 out of 9662 customer reviews
Google Play Reviews	4.3/5 out of 98294 ratings 🔥
App Store Reviews	3.9/5 out of 3459 reviews
Facebook Notice	No notes available on the fanpage 2.2m « likes ».
General Sentiment	✔️ Very ergonomic platform ✔️ Good workmanship ✔️ Competitive fees ✔️ Improved customer service ✔️ Lack of education on conversion fees (deposit / withdrawal)

Here are the positive points mentioned by eToro customers :

• The trading experience
• The simplicity of the tools
• Copy trading
• CopyPortfolios (now renamed Smart Portfolios)

Here are the negative points mentioned by eToro customers :

• The absence of a telephone line
• Withdrawal times sometimes too long
• Withdrawal fees

Overall, customer reviews of eToro are positive. Not everything is perfect, there are some criticisms and negative reviews, but the trading experience clearly stands out as the main area of satisfaction when reading customer reviews. In any case, we can already definitely rule out the idea that eToro is a scam or a beginner’s trap. These various certified eToro reviews send a positive signal about the broker’s overall service quality.

Who is eToro for ? Our opinion

Our review of eToro is very positive. With a very good trading experience, the broker is in our opinion the best choice for starting out in trading or investing. eToro’s offering includes a direct (spot) stock and ETF offering as well as CFDs on stocks, ETFs, indices, commodities and cryptos. All of these instruments can be traded with a single eToro trading account.

The main advantage of eToro is the variety of trading approaches possible : either invest on your own like on a traditional trading platform or invest in the markets automatically with social trading. Social trading allows you to copy successful traders, through the Copy Trading feature (called CopyTrader) and the Portfolio Management feature (called Smart Portfolios).

Being able to automatically copy more experienced traders and see what strategies are in place on a day to day basis is a really interesting aspect of learning and performing well.

One disadvantage of eToro is the single currency of the account (the US dollar) and the conversion fees that are associated with depositing in a different currency. The same disadvantage arises on withdrawals. To withdraw funds, you have to pay a fixed $5, plus the conversion fee. Fortunately, these fees are one-time charges and are not prohibitive.

eToro is therefore a serious, reliable and efficient broker on many points and we highly recommend it to you, especially if you are a beginner, no matter what market you want to trade

Investing with eToro : the markets

With eToro, you can invest in many different asset classes. These can be direct investments or leveraged trading with CFDs.

Here is an overview of the products offered by the broker :

Investing with eToro : the products on offer
LIVE TITLES
Actions	2590 shares (covering 13 markets)
ETF	256 ETFS
CFD
Actions	2590 shares
ETFs (Trackers)	256 ETFS
Forex	49 currency pairs
Indexes	13 indices
Materials	32 raw materials
Cryptocurrencies	43 Cryptos
Short selling	Via CFD

Shares and ETFs

eToro allows you to invest in 2590 stocks and 256 ETFs directly. eToro’s stock and ETF offering also includes CFD trading on stocks and ETFs. eToro allows you to trade stocks and ETFs listed on Euronext, Xetra, NYSE, Nasdaq, London… a total of 13 financial centers. We can see that eToro’s offering consists of the most traded stocks. For example, the Nasdaq stocks offered by eToro represent less than 10% of the total stocks that are listed on this market.

Here is eToro’s offer on stocks and ETFs :

eToro’s equity and ETF offering
MARKETS
Markets Europe	🇳🇱 Amsterdam 🇧🇪 Brussels 🇫🇷 Paris 🇩🇰 Copenhagen 🇩🇪 Frankfurt 🇬🇧 London 🇪🇸 Madrid 🇮🇹 Milan 🇳🇴 Oslo 🇸🇪 Stockholm 🇨🇭 Zurich
Markets America	NASDAQ NYSE
Markets Asia	🇭🇰 Hong Kong
Markets Other	🇸🇦 Saudi Arabia
SHARES AND FUNDS
Actions	2590 Direct shares 2590 CFD Shares
ETF	264 direct ETFs 264 CFD ETFS

eToro’s direct stock and ETF offering has 3 big advantages :

1. Zero commission : no fixed commission on buying and selling shares. This is valid on all covered stock markets. There is no volume limit to this free service.
2. Split investment : a purchase of shares is possible with $100, even if the stock is quoted at $3,000, for example, which can be interesting for buying expensive stocks, such as Google or Apple for example
3. Dividend payout : Dividends are paid in proportion to your investment directly into your eToro trading account

In our opinion, eToro’s offer is really attractive for those who want to invest in the US and Asian blue chips with minimal fees. eToro is the cheapest broker to invest in these stocks as its offer is commission free, with no custody fees and no additional connection fees. Note, however, that you can’t transfer your shares to another broker. In reality, the holding method is very similar to holding shares directly, with its advantages. You do, however, have the right to the dividend detachment, in proportion to your investment.

The eToro share offering is particularly interesting if you are looking to invest in US equities at a lower cost, for example. The holding pattern is very similar to owning shares directly, with the added benefit of receiving dividends.

Indices

With eToro, you can invest in 13 indices : these are called CFD indices. Among the 13 indices offered by eToro, we find the main stock market indices : Dow Jones, Nasdaq 100, Dax 40, Cac 40… On an index like the CAC 40, you can therefore take an upward or downward position. The opening of a position is possible from $200 (with a leverage of 1:20 this is equivalent to an exposure of $4000).

Here is a summary of eToro’s CFD index offering :

Investing with eToro on indices
Instrument	Number	Examples
European indices	5	CAC 40, DAX 40, Eurostoxx 50, FTSE 100, Ibex 35
North American indices	3	Dow Jones 30, Nasdaq 100, S&P 500
Asian/other indices	4	Hang Seng 50, Hong Kong 50, Nikkei 225, AUS 200
Currency indices	1	US Dollar Index

Trading indices with eToro has several advantages :

• Competitive spreads : eToro’s spreads on indices are among the best in the market. On the DJ 30 CFD for example, eToro’s spread is only 6 points (600 pips in the eToro platform)
• A limited amount of capital is sufficient : opening a position in an index CFD is possible with only $200 margin, thanks to eToro’s leverage. With an index futures contract, you would need at least $20,000 !

In our opinion, eToro’s index offering is also one of the most attractive on the market. As a CFD broker, eToro allows you to trade indices with a small capital. With eToro, the minimum to open a long or short position on an index CFD is $200. This is the case on the GER 40 CFD (the CFD on the German DAX 40 stock index), with about $0.28 per point.

Cryptos (Bitcoin…)

eToro offers 43 unique cryptocurrencies. You can buy cryptos on eToro in the same way as on a « regular » exchange. However, eToro does not give you access to private keys : you will not be able to withdraw your cryptos to an external wallet, only to the eToro wallet. It is possible to trade cryptos like bitcoin, etherium etc. with a CFD, and with a leverage of 1 to 1:2.

Here’s a rundown of eToro’s crypto offering :

Investing with eToro in cryptos
Instrument	Number	Investment / trading
CRYPTOS	43 (e.g. BTC, LTC, ETH)	Investment in the underlying crypto
CRYPTO / CRYPTO	14 (e.g. BTC/ETH, ETH/EOS)	CFD Trading
CRYPTO / CURRENCIES	63 (e.g. BTC/USD, BTC/EUR)	CFD Trading
MATERIALS / CRYPTO	1 (e.g. GOLD/BTC)	CFD Trading

Although the broker eToro advertises that 43 cryptos are available in its offering, it soon becomes clear that there are actually much more than 43 tradable instruments :

• Cryptos : which can be invested in directly
• Crypto pairs : CFDs combining cryptos in pairs (BTC/ETH, ETH/BTC), which can be traded with a leverage of 1:2
• Crypto-currency pairsb : CFDs combining a crypto with a fiat currency (BTC/USD, BTC/EUR), which can also be traded with a leverage of 1:2
• Commodity-crypto pairs : CFDs linking a crypto to a commodity (OR/BTC)

In our opinion, eToro is an excellent compromise for beginners who want to buy cryptos. Note that it is not an exchange, nor a crypto broker : rather a platform where you can trade products that replicate the performance of cryptos.
There are three advantages to buying cryptos on eToro. On the one hand, the customer trades in a regulated environment, as the problem with many exchanges at the moment is that they don’t have a clear license (Binance, OKEX…). On the other hand, flexibility is great because one can combine investment and trading on the same account. Finally, the last advantage lies in the absence of storage problems.

Commodities

With eToro, you can invest in a total of 32 commodities, including precious metals such as gold, silver or copper. This number is subject to change as eToro offers a variety of oil futures (more precisely: CFDs on futures) for trading. In reality, there are 13 commodities on offer at any one time, plus a variable number of WTI (West Texas Intermediate) oil futures.

Here is a summary of eToro’s commodities offering :

Investing with eToro in commodities
Instrument	Number	Examples
Agricultural materials	4	Sugar, Cotton, Cocoa, Wheat
Precious metals	7	Gold, Silver, Copper, Platinum, Palladium, Nickel, Aluminium
Energy	2 + 21 futures	Oil, Natural gas

There are a few things you need to know about trading commodities with eToro :

• The spread is fixed : whatever the time of day, whatever the period, the difference between the bid and offer price is constant. There is therefore no need to worry about the spread varying according to periods of volatility
• The WTI futures price is the official CME price, not a recalculated price. Indeed, many brokers often offer an internally recalculated price on this type of product, which is ultimately very close to the WTI spot price

In our opinion, the broker eToro has one of the most interesting offers on commodity CFDs. In particular the Gold CFD, where the spread is a constant 55 pips. Trading the Gold CFD during key announcements around the dollar (e.g. NFP) is therefore particularly interesting with eToro, as well as trading during the Asian session, as other CFD brokers tend to have a higher spread on Gold during the Tokyo and Sydney session.

Forex

The eToro broker has an offering of 49 currency pairs. Among the Forex pairs, there are the 7 major pairs, plus a selection of 42 minor and exotic pairs. Here it should be noted that eToro does not allow all styles of Forex trading : scalping is not allowed by the broker. However, intraday and swing trading are perfectly acceptable.

Here is a summary of eToro’s CFD Forex offering :

Investing with eToro in Forex
Instrument	Number	Examples
Major pairs	7	EUR/USD GBP/USD USD/CHF
Cross Pairs	24	EUR/JPY CAD/CHF AUD/CAD
Minor and exotic pairs	18	USD/TRY USD/RUB USD/RON

While it’s a shame that the broker doesn’t allow scalping, fortunately there are other ways to generate gains and performance in Forex with eToro :

• Copy pro Forex traders : it is easy to isolate Forex traders from the Popular Investors gathered by the broker on its platform. You can filter them by experience, by performance… then activate the copy with $100 of capital, to copy up to 100 simultaneously!
• Reduce your risk : it is possible to modulate your leverage from 1:1 to 1:30 before each position taken, which to our knowledge is unique. In this way, you reduce your risk depending on the pair traded

In our opinion, eToro is a serious alternative to other more advanced Forex brokers, especially for beginners. This is mainly because of the ability to change your leverage. As we know, leverage is a trap when you are new to currency trading, especially on currency pairs such as GBP/USD and USD/JPY. A 2% intraday move with a leverage of 1:30 is enough to wipe out an account when the stop-loss is wrongly placed or the lot size is too large.

Fees on eToro

The fees on eToro are competitive overall. Trading fees are low, starting with the fee for buying shares (0% commissions). eToro’s pricing policy is based on the spread, which includes all commissions.

Here is an overview of eToro’s fee structure :

Fees on eToro
TRADING COSTS
Shares (live)	0% + Spread
Forex (EUR/USD)	1 pip
Shares (Apple CFD)	0,09%
Indices (US100)	240 pips
Materials (WTI Oil)	5 pips
Crypto (Bitcoin)	0,75%
ANCILLARY COSTS
Deposits / Withdrawals	Conversion margin 50 to 150 pips
Withdrawals	5/withdrawal + Conversion margin 50 pips
Inactivity fees	10/month (from the 12th inactive month)

Collection/Deposit Fee

In terms of fees and withdrawals, eToro applies the following fees :

• Withdrawals : $5 fixed + exchange fee (50 pips)
• Deposits : exchange margin (50 to 150 pips)

The exchange rate margin is valid in the case of a transaction in a currency other than the US dollar (USD). For example, a deposit in Euro when the EUR/USD pair is trading at 1.2000 will be converted by eToro at a rate of 1.1950 (or even 1.1850). As a result, a slightly smaller amount will be credited to your trading account.

Here’s the most important thing to remember about eToro’s deposit and withdrawal fees :

Deposit / withdrawal fees with eToro
Fees	Deposit	Withdrawal
Fixed fee	No	5$ / withdrawal
Conversion fee (Credit card, Paypal, Skrill, Neteller and RapidTransfer)	150 pips	50 pips
Conversion fee (Bank transfers, iDeal and Sofort)	50 pips	50 pips

In our opinion, eToro’s fees for withdrawals and deposits are rather high. This is the main drawback of the broker’s fee structure. This is mainly due to the conversion margin. It is true that the conversion from Euro to Dollar is a must when deciding to invest in CFDs (most of which are denominated in USD) and US stocks. However, on competing platforms, the conversion is triggered at the time of trading. Fortunately, there is no double conversion if you wish to trade in Euro assets (Euronext shares).

Trading fees

eToro applies trading fees in 2 categories :

1. The spread : which is the difference at any time between the bid and ask price.
2. Overnight charges : which are daily interest on leveraged positions held beyond the end of the day

Therefore, there is no fixed commission per order with the broker. The fees are fully proportional to the position size and leverage.

Here is an overview of different spreads at the eToro broker :

eToro Trading Fees
SHARES AND FUNDS
Live	0%
CFD shares	0,09%
CFD CURRENCIES / FOREX
USD/JPY	1 pip
EUR/USD	1 pip
USD/CHF	1.5 pips
GBP/USD	2 pips
CFD INDICES
NSDQ 100	240 pips
SPX 500	75 pips
DJ 30	600 pips
FRA 40	100 pips
GER 40	200 pips
CFD raw materials
Oil	5 pips
Natural gas	10 pips
Gold	45 pips
CRYPTOS
Bitcoin	0,75%
Ethereum	1,90%
Bitcoin Cash	1,90%
Litecoin	1,90%
Dash	2,90%
Cardano	2,90%

The fees on eToro are quite competitive, especially since there are no fixed commissions, all traders are on equal footing. Someone who places a $100 order and someone who places a $10,000 order pay similar fees.

On the scale of the broker market, eToro’s trading fees are not the best in absolute terms. It is clear that many brokers offer better spread rates. Their advantage lies more in the fact that eToro’s spreads are fixed. On commodities for example, they are constant regardless of the time of day. This is a big advantage for those who want to trade the Gold CFD, whose spread is very variable with other brokers.

Additional costs

eToro applies the following ancillary fees :

• Withdrawal fee : €5 fixed per withdrawal
• Inactivity fee : €10 per month from the 12th month of inactivity

Our opinion of eToro and its fees is mixed. We regret that there is a €5 commission per withdrawal, especially since you have to add a foreign exchange margin if you withdraw to an account/e-wallet denominated in euro or another currency. A withdrawal is therefore quite expensive at eToro, compared to other brokers who do not charge anything on withdrawals.

eToro Trading Platform Review

Our review of the eToro trading platform is positive. The trading experience is excellent. Our review of the eToro trading app and platform will show what the positives and negatives of the trading platform are in multiple aspects such as security and ease of use.

To begin with, here are the main features of the eToro platform :

eToro Trading Platform
FEATURES
Platforms	Webtrader Mobile application (App)
Order types	At the market Limit
News feed	No
Economic calendar	No
Automatic trading / Copy trading	CopyTrader Smart Portfolio
Security	Dual Authentication
OUR OPINION
Aesthetics	5/5
Ergonomics	5/5
Order placement	4/5
Alerts and notifications	3/5
Security	4/5
Customisation	3/5
Quality of execution	5/5

Ergonomics and performance

The usability and performance of the eToro trading platform is excellent. The platform is organized in such a way that it is easy to navigate between the various menus and shortcuts. For example, the menus are all grouped together on the left-hand side of the screen, and the search bar is always kept at the top of the page for easy navigation.

Other interesting things to note about the platform :

• No software to install : the trading terminal is accessible in a web browser, there is no software to install for PC/Mac
• Mobile app available : the mobile app for Android/iOs adopts the same visual cues

eToro offers an ergonomic and powerful trading platform. It’s ideal for a beginner, and you’ll have no trouble finding your way around the first time you use it. The trading experience is simplified compared to that of professional trading terminals such as MetaTrader or ProRealTime. We therefore highly recommend this platform for trading.

Technical analysis tools

The technical analysis tools on eToro are satisfactory. By default, the platform displays individual price charts on which you can insert the main technical indicators (RSI, MACD, Ichimoku, Bollinger Bands, etc). You can then switch to ProCharts mode to display multiple charts simultaneously, just like a professional trading terminal.

For technical analysis, we have the following tools :

• Automatic saving of graphics with indicators and drawing objects
• Price alerts, which can be easily configured via shortcuts on the charts

eToro offers some pretty interesting technical analysis tools. They are not up to the level of professional technical analysis software, but they will suffice. There’s also nothing to stop you from doing your analysis on a terminal like MetaTrader, and then placing your orders on eToro’s platform. It’s also worth noting that the platform allows for multi-screen trading, which can come in handy.

Social Trading / eToro Copy Trading Review

Our opinion on eToro’s social trading / CopyTrading is positive. By copying the positions of experienced traders, you can gain a better understanding of trading and benefit from the experience of more experienced and successful eToro traders. The Social Trading feature is therefore very interesting to use if you lack the time to study finance, are not yet fully confident in your skills or are simply new to trading.

Here is a summary of eToro’s social and copy trading offering : 

Investing with eToro : social trading and copy trading
COPY TRADING
Functionality	CopyTrader
No. of profiles available	Over 100,000 traders
Selection criteria	Performance Maximum drawdown Risk score Seniority Trading strategy
Minimum – maximum amount	100$ – 2 000 000$
Maximum number of copies	100
THEMATIC INVESTMENT
Functionality	Smart Portfolios
No. of portfolios available	64 portfolios
Selection criteria	Performance Investment strategy Risk score
Minimum – maximum amount	1000$ – 2 000 000$
Maximum number of copies	100

Here are the key benefits of eToro’s social trading offering :

• No additional commissions for copying traders : only spreads on position taking are charged, as if you were trading yourself
• Total transparency : since you have full visibility on the trader’s portfolio history, open positions, comments, etc.
• Clear risk indicators : risk is rated from 1 to 10, in addition to various metrics such as Sharpe ratio, frequency of trades, % monthly profit, etc,
• The possibility of copying groups of traders : by investing in « Top Traders » Smart Portfolios, which group together, for example, the 50 best performing traders each month

In our opinion, eToro offers excellent copy trading tools to allow you to diversify your investments. The good thing is that it only takes $100 to copy a trader, and you can copy up to 100 traders simultaneously ! Another option is to use a Top Trader Smart Portfolio, which are thematic portfolios that are managed by professionals. This makes eToro social trading an interesting feature not only for beginners but also for more experienced investors !

How to open an eToro account

There are 3 main steps to opening an account with eToro :

1. Fill in the registration form
2. Provide the required supporting documents
3. Deposit your funds

1. Fill in the registration form

In this form, eToro asks you for standard information : name, first name, date of birth, address, valid email… Nothing too long or complex. Filling in the form is quick and easy and can be done from your smartphone.

2. Provide the required supporting documents

Here are the documents to be provided to the broker :

• proof of identity : copy of identity card or passport
• proof of address : utility bill (gas/electricity/internet/mobile)
• a bank account number (RIB)

You will then be given your access to the platform (login and password) The most important step is the verification of your identity, without which it will be impossible to withdraw any winnings. Clearly, you will be able to trade up to €2000, but you will not be able to withdraw your winnings for regulatory reasons.

Only after verification of the account will all restrictions be lifted.

3. Depositing your funds

Once you have submitted the registration form and supporting documents, you will need to deposit money into your trading account using the following payment methods :

• Credit card : Visa or MasterCard
• Bank transfer : by entering your ID and customer number in the subject line of the transfer
• E-wallets : such as Skrill, Neteller or PayPal

Opening an account is fairly standard on eToro : no complexity to worry about on this aspect. Note that the account currency is the US dollar, regardless of your country. A deposit in euros, pounds or yen will automatically be converted into US dollars.

In addition to your real account, you should also know that eToro is simultaneously opening a demo account with $50,000 of virtual funds. A word of warning about declaring your earnings : your eToro account may have to be declared according to your country’s tax laws, in addition to your trading income.

How to deposit and withdraw money at eToro

Deposits and withdrawals to your eToro account follow the same procedure :

1. Click on « Withdraw Funds » or « Deposit Funds
2. Enter the amount (USD)
3. Choose your payment method
4. Click on « Submit » to validate the request

Depending on the method of payment, the application may take up to 10 working days.

Withdrawing and depositing money at eToro
Method of payment	Withdrawals	Deposits
Minimum amount	30 per withdrawal	50 per deposit
Credit/debit card	Max 10 days	Snapshot
Bank transfer	Max 10 days	4 to 7 days
PayPal	Max 2 days	Snapshot
Neteller	Max 2 days	Snapshot
Skrill	Max 2 days	Snapshot
Trustly	Max 2 days	Snapshot
iDEAL	Max 2 days	Snapshot

Here are some important features of eToro account trading :

• Beware of minimum amounts : the minimum withdrawal amount is $30 for a withdrawal from your eToro account
• No payments on behalf of another customer : If you and your spouse each have an eToro account, you will not be able to deposit to her account with a payment method in your name
• Beware of fees : already explained in the section of this file dedicated to the broker’s fees (5 € on withdrawals + exchange margin for the benefit of the broker)

In our opinion, eToro’s fees on deposits and withdrawals are an incentive not to make multiple withdrawals and deposits in a month. Even though the broker allows automatic recurring deposits, the fees make this type of transaction a bit expensive. We recommend depositing your funds in one go. The same goes for withdrawals : if possible, we recommend making one withdrawal per month for your winnings.

Review of eToro Club

The eToro club is actually a 5 level loyalty program for eToro customers, ranging from Silver to Diamond. Each level allows you to enjoy exclusive benefits and requires you to have a minimum amount of money in your trading account.

For example, you need $5000 to reach the Silver level, which gives you access to webinars and a dedicated advisor – and potentially an eToro Money package (Visa card + eToro crypto wallet).

Here are the exclusive benefits you can get with the 5 levels of the eToro club :

Club eToro Reviews : Benefits by Account Level
Benefits	Silver	Gold	Platinum	Platinum+	Diamond
Minimum amount outstanding	5 000 $	10 000 $	25 000 $	50 000 $	250 000 $
Exclusive debit card	Yes	Yes	Yes	Yes	Yes
Exclusive Smart Portfolios	Yes	Yes	Yes	Yes	Yes
Staking crypto (ADA and TRX)	85%	85%	85%	90%	90%
Dedicated account manager	Yes	Yes	Yes	Yes	Yes
Newsletter	Yes	Yes	Yes	Yes	Yes
Quarterly analysis report	Yes	Yes	Yes	Yes	Yes
Live Webinars	Yes	Yes	Yes	Yes	Yes
Subscription to Delta PRO	No	Yes	Yes	Yes	Yes
Trading signals	No	No	Yes	Yes	Yes
Priority customer service	No	No	Yes	Yes	Yes
Subscription to the Wall Street Journal	No	No	Yes	Yes	Yes
VIP entry to eToro Diamond events	No	No	No	No	Yes

Let’s summarise the main benefits by level, with each higher level taking over the benefits of the previous level :

• At the Silver level : dedicated client advisor, webinars, exclusive Smart Portfolios, and possibly an eToro debit card…
• At Gold level : weekly market analyses…
• At the Platinum level : account manager, Delta PRO Indicators, central trading platform, subscription to the Wall Street Journal, removal of withdrawal and deposit fees…
• At the Platinum+ level : invitations to commercial events, tickets to sports events, Zoom meetings with the account manager…
• At Diamond level : subscription to the Financial Times, invitation to events with other Diamond members…

We have a mixed opinion on the eToro club : it is clear that the more you invest and spend time on eToro, the better your trading experience will be with the services offered by the club. The better the broker’s support will be. You’ll need to be at the Platinum+ level to take advantage of the best of the broker’s services, which isn’t for everyone given the entry requirements ($50,000 minimum balance). This is understandable, but a bit in contradiction with the broker’s « beginner » positioning.

Conclusion : is eToro reliable ?

eToro is a reliable broker, both in terms of security of funds and trading experience. Knowing that it is aimed at a public wishing to start trading, and therefore especially at beginners, there is in any case every reason to be reassured about the seriousness of this broker. The international regulation of eToro, the transparency of its fees, the quality of its customer service and the thousands of certified customer reviews all lead us to totally rule out the idea that it is a trap for beginners or worse, a scam.

With these clarifications on the reliability of the broker, our assessment of the main advantages of eToro is as follows :

• A 0% brokerage offer on equities, regardless of the market (US, Europe, Asia-Pacific) and more globally competitive fees on all CFDs
• Trading different crypto pairs, crypto-currencies, with protection against negative balances
• Smart Portfolios, a true portfolio management product
• Copy trading, to follow the example of professional traders

However, there are a few drawbacks to eToro that should be noted :

• The dollar-only account, making conversions mandatory for deposits and withdrawals in other currencies
• The absence of an order book for shares
• Paid withdrawals, with a $5 commission on each withdrawal

In the end, there are more positives than negatives in this review of eToro. The balance sheet is therefore favourable for eToro. The broker has positioned itself as a great choice over other brokers for beginner to intermediate investors who are looking for a good platform to start investing in the financial markets…

We hope you’ve enjoyed this feedback on eToro! Please feel free to share your experience with eToro as a customer, whether your opinion is positive or negative, strong opinions about eToro are always welcome ! 🙂

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