eToro Review 2020 – Reviews, Tutorials, Pros and Cons, Comments

eToro Review 2020 – Reviews, Tutorials, Pros and Cons, Comments

In EToro is very common to come across traders with high winning percentages, even close to 100%. A figure like that does not mean talent, as you can check by yourself with an eToro demo account, but simply that the trader uses trading techniques such as averaging or martingale.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFD assets. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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.

In their own way, each platform seeks to control your risks while still allowing you to trade in your preferred style. When you have $50,000 in your account that is disposable, you will have a good trading cushion.


eToro is a global brokerage that aims to make trading accessible to everyone. They put a unique “social media spin” on investing by allowing investors to follow and easily replicate the portfolios of other successful traders on the eToro platform. One by one you can copy the portfolio of traders who also trade with eToro.

Quieter times include the late US-Asian times or the early European times. Currency traders are night owls, often working from 7pm to 11am UK time.

The menus and buttons are where you expect them to be, everything is labelled correctly and the color scheme is pleasant. eToro’s platform looks like a modern platform should in this day and age. eToro only allows USD accounts, which means that your funding will be converted by eToro to USD. For example, if you deposit EUR, a 0.025% fee will be applied at funding and the same fee will also be charged when you withdraw EUR.

eToro wallet fees


You can find out how to become a popular investor here. This is a great way to learn about trading with a helping hand from someone who is more experienced than you. So it makes sense to get all the help you can and that’s why I’m a huge proponent of copy trading. Of course there is still risk – all traders have bad weeks, months etc.

eToro minimum deposit Steps of sending the minimum deposit

These qualities helped eToro rank Best in Class in the Ease of Use category, as well as for Beginners in 2020. eToro is excellent for social copy trading and cryptocurrency trading, our top pick for both categories in 2020. Furthermore, eToro offers a user-friendly web platform and mobile app that is great for less experienced investors. Assume your strategy is to focus on the news and how news events affect your asset. You’ve chosen to trade in cryptocurrencies and do momentum trading to take advantage of uptrends.

  • The traders on the site are established and successful, and there’s also a social trading option so that you can connect with others.
  • Not only that, but you can also follow and interact with them in most cases, very much like a social network.
  • So eToro is both a trading platform and a copy trading platform.
  • of your annual assets under management (AUM) paid out monthly.
  • The most copied trader on eToro at the moment, within a six-month period, is AnasSleiman, with 8,375 users replicating his trades.
  • Usually, this feature is not offered by other CFD and forex brokers.

This drives some traders to open small accounts and take big risks. If they perform well and get lucky, they gather a huge following and make a lot of money off other people’s trades. When their luck runs out, they may lose the small amount of money in their own trading account, but they keep all the income they gained from their copy trading followers. This can be very lucrative for them, which drives them to continue to take big risks. Social trading is suitable for users who don’t have enough experience in trading.

With eToro, you can also trade assets as “real” using no leverage. They were founded in 2007 and now have more than 10 million customers worldwide. They are also regulated by a collection of the best top-tier financial regulators. I can assure you, but you can image it by yourself, that diversifying by randomly choosing a dozen of traders, assigning to each equal parts of capital, means not knowing what you are doing.

They need to master their emotions and have the discipline to stick with their strategy. They understand that losses are a part of the system, but work to ensure the winners outpace losing trades. Day traders buy and sell a number of securities all within the same day.

If you leverage that with a 5x leverage, you have the potential to see 100% gains. Israeli brothers Yoni Assia and Ronen Assia along with David Ring founded eToro in 2006 in Tel Aviv, although at the time the company was known as RetailFX.

The broker will also initiate margin calls to alert you when your equity is at a certain level against your open positions. In all, there are plenty of features to assist you with effective risk management through eToro. eToro is considered kind of an unconventional broker when it comes to trading features.


The trading experience is fluid and particularly user-friendly. It’s easy and, at the same time, it provides all the functionality an experienced and professional trader would require. On the right-side menu, you have to click on the “Copy People”. As soon as you do this, a list of traders will pop up, along with their 12-month returns. etoro login will display the most successful traders first.

There are also risks you should take into account when you choose stocks. CopyPortfolio is practically an investment fund, but under the hood it is a CFD portfolio. While with CopyTrader you were following one trader, with CopyPortfolio you can invest either in a theme or in a portfolio of top traders. At eToro, you can trade with an average number of products.

The traders on the site are established and successful, and there’s also a social trading option so that you can connect with others. Competitive all-inclusive spreads for EUR/USD would be 1.5 pips or less. Competitive transactions costs for spreads + commissions would be equivalent to 1.0 pips or less. The uncompetitive nature of eToro spreads may not have a big impact on traders who hold trades open for days at a time. However, the wide eToro spreads will have a substantial negative impact on traders who keep trades open for short periods of time, or who have a high volume of trades.

What worked one day may have a different outcome the next. After all, it works for some people, make it work for you. If you jump ship and move to a new one, you’ll have to start the learning curve all over again. Give yourself a good three months, six months, even a year. The next step is to find your strategy, and practice, practice, practice.

CFDs are banned in the United States, which limits American traders to cryptocurrencies only. Forex trading is done with CFD products too, so unless you’re outside the U.S, you can’t use the platform to its full potential. CopyPortfolios group together a number of underlying assets. For example you can invest in a copyportfolio made up of cryptocurrencies. You can event invest in a portfolio made up of the trades opened by the top traders on eToro.