eToro broker review 2020 – we review the pros and cons of using eToro for trading CFD’s

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

eToro is a social trading and multi-asset brokerage company that focuses on providing financial and copy trading services. It has registered offices in Cyprus, Israel, the United Kingdom, the United States, and Australia. In 2018, the company’s value was $800 million.

eToro has a user friendly trading interface particularly helpful for those starting off and the demo account can be used indefinitely to give you time to test trading strategies, understand leverage better and other features. You can interact easy with others on the platform but also enable the copy trade feature. This allows you to automatically copy trades of other traders, filtering those who have a strong track record in terms of returns and low risk profile.

 

Pros  

  • Social Trading

  • Demo account available for more than 30 days
  • Ability to copy trade traders with a track record on the platform

  • Easy to navigate interface

  • Low withdrawal fees of $5USD

Cons  

  • Wider spreads on some products

  • Limited educational resources available

  • No scalping allowed

.

Broker

Rating

Trading Platforms

Mobile Trader
WebTrader
Copy Trader

Demo Account

Founded

2006

Head Office

Israel

Scalping Allowed?

No

Deposit Methods

Credit Card (Visa, MasterCard, Diners Club, Maestro), PayPal,
Neteller, and Skrill

Withdrawls

$5 USD fee per withdrawl

Leverage

 1:500 Maximum leverage

Range of Trading Instruments Available

Access to currencies, cryptocurrencies, commodities , indices and shares

Regulated

UK, Cyrpus, Australia

View and copy the most copied traders on the platform (Highlights percentage of return over the last 12 months + risk score (lower risk score = lower risk based on previous trading months)
Choose to filter traders you wish to copy via the drop downs . You can filter by location, market , percentage of gains and by which time period (eg. 3 , 6 , 12 months)
Risk score is noted against all traders
Deposit methods available – Include Debit/Credit card, Paypal, Wire Transfer, Neteller, Skrill
Overview of general fees
Trading fees on CFDS – Click the link to see more information on all fees