eToro Review Social Trading Platform

eToro Review

Company Information

eToro is a social trading application, offering services in currencies, commodities, indices and CFD stocks. It allows users to watch the financial trading activity of other users, and copy them to make their own trades. Clients allow their trades to be uploaded to the eToro network where they are displayed. Other users can then set their accounts to follow these traders, for the the eToro system to copy each trade made into the followers account. This eToro review looks at the company and its services

eToro (Europe) Ltd is authorised and regulated by the Cyprus Securities Exchange Commission (CySEC). eToro(UK) Ltd is authorised and regulated by the Financial Conduct Authority (FCA).


Spreads and Leverage

Leverage up to 1:400 for Forex

Summary of Spreads:

Currencies Symbol Typical Spread
Euro/US Dollar EUR/USD 3 Pips
Australian Dollar/Swiss Franc AUD/CHF 4 Pips
Australian Dollar/Canadian Dollar AUD/CAD 4 Pips
Australian Dollar/New Zealand Dollar AUD/NZD 4 Pips
British Pound/US Dollar GBP/USD 4 Pips
New Zealand Dollar/US Dollar NZD/USD 5 Pips
US Dollar/Canadian Dollar USD/CAD 3 Pips
US Dollar/Japanese Yen USD/JPY 2 Pips
US Dollar/Swiss Franc USD/CHF 3 Pips
Australian Dollar/US Dollar AUD/USD 4 Pips
Euro/British Pound EUR/GBP 4 Pips
Euro/Swiss Franc EUR/CHF 5 Pips
Euro/Japanese Yen EUR/JPY 4 Pips
British Pound/Japanese Yen GBP/JPY 6 Pips
Euro/Australian Dollar EUR/AUD 7 Pips
Euro/Canadian Dollar EUR/CAD 7 Pips
Australian Dollar/Japanese Yen AUD/JPY 5 Pips
New Zealand Dollar/Canadian Dollar NZD/CAD 4 Pips
New Zealand Dollar/Swiss Franc NZD/CHF 4 Pips
New Zealand Dollar/Japanese Yen NZD/JPY 4 Pips
Canadian Dollar/Swiss Franc CAD/CHF 14 Pips
Canadian Dollar/Japanese Yen CAD/JPY 6 Pips
Swiss Franc/Japanese Yen CHF/JPY 6 Pips
US Dollar/Hong Kong Dollar USD/HKD 7 Pips
US Dollar/Ruble USD/RUB* 3 Pips
US Dollar/Yuan USD/CNH* 10 Pips
Euro/New Zealand Dollar EUR/NZD 4 Pips
British Pound/Australian Dollar GBP/AUD 4 Pips
British Pound/Swiss Franc GBP/CHF 4 Pips
British Pound/New Zealand Dollar GBP/NZD 4 Pips
Bitcoin BTC 1%


Promotions and Bonuses

eToro Invite a Friend (subject to T&C’s): For each friend invited who deposits at least $500, eToro will fund your account with $100  and give a $200 deposit bonus to your friend.

eToro Welcome Bonus:

Deposit $300 to $999          get $100 credit

Deposit $1000 to $2499     get $300 credit

Deposit $2500 to $5000   get $1000 credit

Deposit $5000+                   Contact eToro


Customer Services

Customer service desk available 24 hours, Monday to Friday. Full Knowledge Base website available with Online guides, FAQ’s etc. Contact via (a) customer service wall live chat within the Social Trading Environment, (b) logging service ticket.

Instruments Traded

Access to 100+ instruments in currencies, commodities, indices and CFD stocks.

Trading Platforms

The main social trading platform is  eToro OpenBook, allowing you to connect with other eToro traders. It provides trader rankings and various pages with market information. You can identify traders that are of most interest, so you can follow them, receive latest updates and use the CopyTrader tool to automatically copy their trading activity.

eToro also offer a portfolio management platform called WebTrader, that gives you the tools  required to manage your trading portfolio, including both copied trades or your own manual trades. The WebTrader allows you to view live rates, use eToro’s charting software, open positions and orders, change your trade settings, edit Stop Loss and Take profit orders, and manage Copy Trading activity. It is fully synchronized with  eToro OpenBook activity, allowing you to monitor, manage and analyze your trading portfolio.

eToro Mobile Trader app allows you to access live rates, open and close positions, charts, set stop losses etc via your Android or iOS devices.



eToro only operates in USD. If you make non USD deposits, eg GBP or EUR, they will be converted to USD, with eToro deducting 250 pips from the market rate.



eToro provides its own educational center which provides all the information one could need on the trading markets and online trading. This includes  eCourses, live webinars and trading videos.

Tools and Resources

  • CopyTrader allows you to automatically copy other traders deals.
  • People Discovery tool, that allows you to search and find traders that suit your profile.
  • Top Traders’ insights. This takes data from eToro’s most successful traders, letting you know what markets and instruments are being traded and overall buy and sell positions.
  • Economic calendar. Provides upcoming events that could impact the market. Tells you what has happened in the past, forecast what will happen and the likely impact, and the actual outcome.
  • Market News. All the latest news (both fundamental and technical related) to help you make informed decisions.
  • Pips Calculator. Helps convert Pips to cash so you know how much each pip is worth.


Deposit and Withdrawals

Minimum deposit is between $50 to $500 (depending on user profile) via credit card, paypal, neteller, 1-Pay, Skrill, Webmoney or GiroPay. The minimum deposit for wire transfer is $500

Maximum deposit is $5,000 for Credit Card, PayPal and Skrill. $10,000 for Neteller and1-Pay. $50,000 for Webmoney and GiroPay. There is no maximum for Wire Transfers.

There are no deposit fees from eToro for USD deposits.

There is a withdrawal fee of $5 for withdrawals between $20 and $200, $10 for withdrawals between $20.01 and $500 and $25 for withdrawals in excess of $500.

Withdrawal requests will take up to 5 business days.

Summary is one of the most well-known social trading platforms and you can definitely see in all they offer

Risk Warning: Investing in leveraged products carries a high degree of risk. eToro offers protective measures to manage risk effectively, but it is possible to lose more money than invested in each trade. However you can never lose more than your total balance.

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