eToro review- Features, fees, regulations, Pros and Cons

eToro Review 2022 – 5 Things You Need to Know

 

eToro

>>>Open an eToro account<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Investors and traders interested in buying crypto, stocks and shares online will have heard about the multi-asset platform FCA broker, eToro. However, this exchange is also suitable for complete beginners, allowing them to open an account and deposit funds with a variety of payment methods. You can buy cryptos and shares on eToro without any commission and leverage its unique trading features.

 

Read our eToro review to know everything eToro has to offer to traders in the United Kingdom. We have covered the types of shares eToro offers, its commissions, fees, user-friendly interface, trading tools, payment options, regulation, and more.

>>>Open an eToro account<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

What is eToro?

 

Launched by a team of Fintech entrepreneurs in Israel, eToro is an online brokerage firm in operation since 2007. Offering a wide array of asset classes, eToro users can buy assets traditionally and by using trading contracts for difference (CFDs).

 

In terms of buying assets traditionally, it offers ETFs, shares, and cryptocurrencies and in terms of CFDs, it offers indices, stocks, hard metals, energies etc. 

 

eToro is among a few brokers with an industry-leading pricing structure, where you can buy shares with zero commission, and buy cryptocurrencies like Bitcoin (which broke over £50,000 at its high point in 2021, and made over 50% returns on the year, outperforming Gold) and over 150 ETFs. It is among the industry’s best share dealing accounts highly suitable for new investors. 

 

Perhaps the most popular cryptocurrency to buy in 2022 is Ethereum (ETH), or Cardano (ADA), both of which can be staked on eToro – simply buy and hold these cryptos to earn crypto passive income in the form of staking rewards. Tron (TRX) is also supported for crypto staking. Thanks to these crypto features the Economic Times rated eToro the best crypto exchange.

 

Investors around the world can open a trading account with eToro in just a few minutes. The deposit methods include debit / credit cards, e-wallets, and bank account transfers. After the deposits, you can easily buy shares by selecting your investment amount and confirming.

 

eToro trading platform’s unique features include the social and copy trading features, making it rapidly popular among investors. These offer a format similar to social media platforms like Facebook for interacting with other traders, whereby you can also copy their trades, which is not the case with traditional trading.

 

>>>Open an eToro account<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

eToro Crypto Trading

 

Only a few brokers offer cryptocurrencies and this is one reason that gives an edge to eToro compared to other brokers. eToro allows you to buy, trade, and invest in Bitcoin, Ethereum, Ripple, and many other cryptocurrencies. Trusted by 20 million users internationally, eToro is one of the best Bitcoin trading platforms traders can use.

 

With a minimum investment of just $10 on eToro, you can invest in crypto and store coins safely on your eToro crypto wallet. Also, copy top traders with just a click using eToro’s copy trading tool.

>>>Open an eToro account<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

Shares You Can Buy on eToro

You can easily invest in companies such as HSBC, BP, Tesco, Royal Mail etc. on eToro. It offers a range of international stocks for your portfolio, the US markets being among the top options. eToro gives you access to hundreds of leading American firms across the New York Stock Exchange (NYSE) and NASDAQ.

 

You also have Amazon, Apple, Disney, Facebook, Ford Motors, IBM, Nike, etc. eToro offers 100% commission-free access to these exchanges.

 

The specific stock types include retail stocks, tech stocks, banking stocks, food and beverage stocks, cannabis stocks etc, along with dividend stocks for passive income-seeking traders. eToro offers a customizable watchlist to users to track their favorite stocks.

>>>Open an eToro account<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

eToro’s Additional Assets

 

To further diversify your asset classes, here are the additional assets that eToro offers:

 

  •       Indices: 3 indices to buy/ sell; includes FTSE 100, France 40, Dow Jones 30, S&P 500, NASDAQ 100, Japan 225 etc.
  •       Currencies (FX): comprehensive currency trading; more than 40+ pairs.
  •       Commodities: commodities like gold, oil and natural gas markets, silver, copper, and various agricultural products.

>>>Open an eToro account<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Apart from ETFs, stocks, and crypto assets, every other asset class at eToro is traded via CFDs (contracts-for-differences), enabling you to trade the asset’s future value without storing it. eToro offers a huge amount of assets with respect to others like Plus500 which only offers CFDs.

 

Although you don’t hold the underlying asset, which happens in traditional investments, unlike it, you enjoy benefits like leverage and short-selling with CFDs at eToro.

 

As CFDs are complex instruments with high risks, especially with leverage, undertake research and thoroughly understand the functioning of CFDs before putting real money on trading.

eToro Social Trading & Copy Trading

 

Its ‘social trading platform’ is like a social media platform for the investment space. You can connect with other traders and others around the world, to hear their views and insights. You can add preferred traders on your ‘friend list’, and follow their activities at the platform easily.

>>>Open an eToro account<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Copy Trading on eToro

 

Copy trading allows you to copy eToro popular and verified investors. You can copy their entire portfolio including future investments. This cuts down on the time and effort on market research. When beginners do not have the time to know how to invest in stocks, they can simply benefit from eToro’s CopyTrader.

 

The minimum investment amount to use this feature is $200. When you copy a trader, you do not copy the amount they invest but the exact proportion of the investment. There are no management fees and you can exit your position or manually cancel individual orders from a portfolio at any time. It means you are in total control of your money.

>>>Open an eToro account<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Copy Portfolios

 

CopyPortfolios, now also known as Smart Portfolios, is among eToro’s advanced trading tools. With artificial intelligence and algorithmic trading, these are portfolios that are professionally managed.

 

Top Trader Portfolio: best performing traders on eToro

 

One of the most popular on the platform is ‘GainerQtr’. This CopyPortfolio returned under 20% in 2020 over 14% in 2019. This diversified portfolio has 5 traders contributing to 25% of the weightage and the rest across many traders from various target markets.

 

The minimum investment for CopyPortfolio is $5,000. It is a great passive investment option, saving traders the hassle of perpetually modifying their portfolios as everything is managed for them.

>>>Open an eToro account<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

eToro Mobile App

If you want to keep your trade records on the go, eToro’s free stock trading app is an appropriate option. You can download the mobile trading app on both iOS and Android devices. You can access eToro from a standard mobile web browser.

See screenshots of the app in this mobile app focused eToro review.

The eToro app as well as the mobile and browser-based versions include all account features enabled in the desktop website. From buying / selling shares to accessing your portfolio and depositing/ withdrawing– everything can be carried out on your mobile phone, ensuring a seamless remote investment experience. To learn more about apps, read this best cryptocurrency apps for 2022 guide.

>>>Open an eToro account<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

eToro Demo Account

 

The free eToro demo account comes with a pre-loaded $100,000 paper trading balance. You can use the demo account to access all functions of the platform, including copy trading and other tools.

eToro Deposit Methods

 

eToro’s wide range of payment methods include:

 

  •             Bank Transfer
  •             Debit Cards
  •             Credit Cards
  •             Paypal
  •             Neteller
  •             Unionpay
  •             Skrill
  •             Wire Transfer

 

>>>Open an eToro account<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Is eToro Safe?

Checking a platform’s regulatory standing is among the most important metrics you should consider. To ensure optimal safety, eToro has these three regulatory licenses:

 

  •       Financial Conduct Authority (FCA), a British regulatory body
  •       Cyprus Securities and Exchange Commission (CySEC)
  •       Australian Securities and Investments Commission (ASIC)

 

eToro is a member of the UK’s Financial Services Compensation Scheme (FSCS). UK investors are covered by up to £85,000 by the FSCS. eToro has been functioning for more than 14 years in the online stock trading space. This gives it a track record of more than 14 years.

>>>Open an eToro account<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

How to Get Started on eToro

 

Step 1: Open an Account

  • Visit the eToro homepage to open an account
  • Enter personal details like your name, home address, date of birth, and contact details
  • Supply your national insurance number.

>>>Open an eToro account<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Step 2: Identity Verification

With eToro, you will need to upload verification documents that include-

  •       A government-issued ID (passport/ driving license)
  •       Address proof (recent utility bill/ bank account statement)

Your details are verified mostly within the hour. You may fund your account even when the verification is pending.

Step 3: Deposit Funds

  • Select your preferred payment from the options
  • Select your deposit amount. The minimum deposit is $10.

Your deposits are credited instantly unless you’re opting for a bank transfer.

Step 4: Buy Shares

  • Enter a company’s name in the search box or browse through eToro’s stock library
  • Click on ‘Trade Markets’ and then ‘Stocks’. Use filters like stock exchange or sector to narrow your options down.
  • When your desired company appears, click on ‘Trade’.
  • Mention the amount you want to invest (in US dollars). The minimum US and UK investment is $10 or about £7.
  • Click on ‘Open Trade’ to complete your order during market hours or ‘Set Order’ if the respective stock exchange is closed at that time.

 

Quick eToro Review – Pros & Cons

Pros

  • FCA, ASIC and CySEC regulated platform 
  • User-friendly interface
  • More than 1,700 shares and 120 cryptos
  • Zero commission on stocks
  • No annual fees
  • Copy trading and social trading
  • Shares and CFDs
  • International and UK stocks
  • Supports debit / credit cards, e-wallets, bank transfer, Paypal
  • Minimum investment is $10 (£7)

 

Cons

  • Limited tools for research and technical analysis
  • 0.5% currency conversion fee

 

eToro Review – The Verdict

 

We can see why this stocks and crypto platform has attracted over 20 million investors to its platform as of 2021, with more joining in 2022. With this user-friendly exchange, you do not have to pay any dealing charges or commissions to buy shares and it does not have an annual fee. 

 

It supports an extensive array of payment options like debit/ credit cards, bank accounts, and e-wallets. eToro also enables leverage and short-selling on 1,700+ stocks. It also has cryptocurrencies, indices, bonds, forex, and commodities. It is an ideal platform to invest in stock markets in a cost-effective and secure manner.

 

Since it’s a social trading platform you can also ask other users on the site for their own eToro review – open a free account and browse the news feed and network with other investors to hear their thoughts on the platform and on the financial markets.

 

If you wish to buy crypto, and trade it with eToro, click on the link below to register now.

 

>>>Open an eToro account<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

 

 

Source: bettingads

 

Media Contact:

Nelson Campelo

email: [email protected]

Tel: +44 20 3146 8423

St Magnus House, 3 Lower Thames St, London EC3R 6HA, United Kingdom

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