eToro review: What you need to know before signing up.

The platform offers its clients a wide range of financial instruments spanning 20 global exchanges, including shares, cryptocurrencies, currencies, commodities and indices, accessible via CFDs or direct purchases. For direct purchases, it is possible to buy fractional shares.

Below is a list of the financial instruments offered by eToro:

• Shares:
  5558 shares
• Crypto:
  98 cryptocurrencies
• Forex:
  55 pairs
• CFDs:
  3801 CFDs
• ETFs:
  680 ETFs

eToro simplifies access to CFD trading, allowing investors to speculate on the value of assets without physically owning them. With leverage, you can maximise your market exposure even with limited capital. eToro’s CFD offering is extensive and varied, with competitive spreads starting at 1 pip on major currency pairs and at 0.15% on shares and ETFs. Overnight fees apply to positions held from one day to the next and vary depending on market conditions. Additionally, eToro provides risk management tools such as Balance Zero Protection, price alerts and TradingView analyses. In 2024, eToro removed withdrawal fees and adjusted conversion fees to offer more favourable conditions for traders.

Overview of the spreads for the main instruments on eToro:

• EUR/USD Spread:
  1.0 pip
• EUR/GBP Spread:
  2.0 pip
• GBP/USD Spread:
  2.0 pip
• USD/CHF Spread:
  1.5 pip

• CAC40 Spread:
  1 pip
• STOXX50 Spread:
  3 pip
• FTSE100 Spread:
  1.5 pip
• Spread SP500:
  0.75 pip

eToro stands out with its transparent fee policy, offering the purchase of shares and ETFs commission-free in most markets, thereby eliminating the brokerage fees that many brokers charge on shares. However, fees may apply on certain exchanges, such as those in Australia, Hong Kong and Dubai.

Below are some figures from the shares and ETFs offering:

• Commission per share:
  0%
• Fee per share:
  £0
• Direct share purchase:
  Yes
• CFDs on shares:
  Yes

• Number of ETFs:
  680
• Minimum ETF spread:
  0.75
• CFDs on ETFs:
  Yes
• Direct ETF purchase:
  Yes

eToro allows its clients to trade 98 different cryptocurrencies. The offering is broad enough to include more than just Bitcoin, Ethereum and a few other well-known coins. eToro’s fees for cryptocurrencies are set at 1% per transaction. In addition to this commission – which equates to 2% for a buy and sell operation (2 transactions) – you must also account for the market spread (the difference between the buying and selling prices).

• EUR/USD Spread:
  1.0
• EUR/GBP Spread:
  2.0
• EUR/CHF Spread:
  2.0
• USD/CAD Spread:
  1.5

• Number of cryptocurrencies:
  98
• Minimum crypto spread:
  n/a
• CFDs on cryptocurrencies:
  No
• Direct cryptocurrency purchase:
  Yes

eToro provides its clients with an all-in-one proprietary platform featuring an intuitive and user-friendly interface. What sets this platform apart is its community focus, ease of use and the clarity of its design. The ergonomics are markedly different from those of other brokers – this playful aspect has been specifically designed for trading newcomers.

You will find an efficient search bar, sector information, fundamental data on various companies, charts with the ProCharts technical analysis tool, key indicators (such as moving averages, RSI, etc.) and standard order types (market, limit, stop loss and take profit). No external trading software is compatible with this closed platform.

The mobile app of eToro, available for both iOS and Android, is the mobile version of its trading platform. It is simple and ergonomic with an intuitive and clean interface. It allows you to easily track the assets you are interested in, view charts and interact with the eToro trading community.

Yes, as a multi-asset broker serving users worldwide, eToro is regulated by several jurisdictions. The broker is authorised, registered and regulated by the FCA – with its headquarters at Canary Wharf in London – as well as by the CySEC (Cyprus Securities Exchange Commission), the DNB (Nederlandsche Bank N.V) and the CMVM in Portugal, among others. Moreover, client funds and assets are held in segregated accounts and eToro only works with top-tier payment institutions and service providers.