eToro is a well-established online broker with more than 20 million customers (January 2022) and thousands of CFDs and stocks across multiple markets. The broker has made a name for itself for offering the world’s most advanced copy and social trading platform that connects traders from all over the world.
- Fully licenses in several jurisdictions
- Top-tier copy trading features
- A social trading platform where you can exchange information with other traders
- Has high fees and spread
- $200 minimum deposit
eToro – Who Are They?
eToro was founded as RetailFX in 2007 and since 2010 they’ve been focusing on copy and social trading features. In 2020, the company was valued at $2.5 billion, having tripled its value in only three years.
In the last couple of years, eToro has extended its services across the globe and today they are licensed by CySEC in Europe, the FCA in the UK, FinCEN in the U.S., and ASIC in Australia. This makes eToro one of the biggest brokers in the world, as well as one of the most well-regulated.
The one thing that makes eToro unique is its groundbreaking copy trading features and a social trading network. It allows traders to copy successful traders and learn from their strategies, it also lets you connect and share information and tips with all other eToro users.
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Our Opinion About eToro
According to our research as well as the review of almost 100,000 eToro users, this is a great broker. When trading with eToro, you’ll have access to thousands of CFD markets. However, recently, eToro has started incorporating real stocks as well as cryptocurrencies, making it a varied experience.
Add the fact that eToro is also available as a forex broker in the United States – which is no easy feat – and it becomes clear that eToro manages to live up to the strict legal requirements of financial markets all over the world.
Naturally, this means that we do recommend eToro to all our visitors. But that doesn’t mean eToro is the perfect fit for you. Before you decide whether eToro is a good choice, we suggest you check out our broker comparisons and top lists.