eToro Review 2020 – Is it Safe or a Scam? All The Pros & Cons Covered

While eToro is a key player in the world of CFDs and cryptocurrency trading, the company also offers a lot more than this now. They have led the fintech revolution for over a decade and built up a reputation as the leading social trading platform in the world.

The company began as a general trading platform but has added cryptocurrency and other trading instruments to keep up with changing markets and growing demands. They are one of the pioneers in adding social features to their platform in the form of CopyTrading and CopyPortfolios.

Today, there are over 6 million users registered on eToro, securing it’s status as an industry leader – Read on for our comprehensive review.

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Risk Warning: 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 at a Glance

BrokereToro
RegulationFCA (UK), ASIC (Australia), CySEC (Cyprus)
Minium Initial Deposit
$200
Demo Account
Yes
Asset CoverageCFDs, ETFs, Forex, Cryptocurrency, Shares, Commodities, Indices
Leverage20:1
Trading PlatformsProprietary Web, Mobile Apps

What Is the History of eToro?

eToro actually began back in 2007 with three entrepreneurs who wanted to make trading more accessible for every day users.

At the same time, they wanted to reduce dependency on banks and other traditional financial institutions. eToro started off as an online trading platform with graphs representing financial instruments and an intuitive interface.

In 2009, eToro launched the trading platform, WebTrader, with a range of professional tools for traders of all skill levels.

About eToro

75% 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.

  • A big step forward came in 2011 with OpenBook, the first…

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