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.
- 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
Wider spreads on some products
Limited educational resources available
No scalping allowed
Credit Card (Visa, MasterCard, Diners Club, Maestro), PayPal,
$5 USD fee per withdrawl
1:500 Maximum leverage
Range of Trading Instruments Available
Access to currencies, cryptocurrencies, commodities , indices and shares
UK, Cyrpus, Australia