Read our brief overview of international forex broker, eToro before you trade.
Founded in 2007, eToro is well-known for its social trading platform network and provides a good range of instruments available to trade. It combines traditional asset trading with innovative social features, allowing users to follow and copy the trades of experienced investors. eToro operates globally and is regulated by top-tier authorities such as CySEC in Cyprus and other jurisdictions.
However, eToro has a chequered history, having been fined €50.000 by CySEC in 2013 for alleged weaknesses concerning its organisational and operational structure. In 2015, it was blacklisted in Quebec, Canada by the Autorité des marchés financiers (AMF) regulator after being categorised as an unauthorised trading platform. It also does not offer the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, has higher than average fees, a limited customer support service and poor educational resources.
Company Name | eToro Group Ltd. |
Established | 2007 |
Headquarters | Limassol, Cyprus |
Regulation | CySEC (Cyprus), FCA (United Kingdom), ASIC (Australia), FSA (Seychelles) |
Trading Platforms | eToro Platform, Mobile App |
Account Types | Personal (Retail), Professional, Corporate |
Account Currency | USD, EUR, GBP and more |
Tradable Instruments | Forex, Stocks, Commodities, Cryptocurrencies, ETFs, Indices |
Minimum Deposit | $50 |
Customer Support | 24/5 (Live Chat, Email, Phone) |
Additional Features
Feature | Availability |
Regulated Broker | ✅ |
Trading Contests | ❌ |
Mobile Trading | ✅ |
Educational Resources | ✅ |
Web-Based Platform | ✅ |
Research Tools | ✅ |
Copy Trading | ✅ |
Demo Accounts | ✅ |
Negative Balance Protection | ✅ |
Segregated Accounts | ✅ |
Virtual Private Servers (VPS) | ❌ |
24/5 Support | ✅ |
Inactivity Fees | ✅ |
Promotions | ❌ |
Hedging Allowed | ✅ |
