eToro ReviewOpen an Account
Interactive trading environment with trading competitions for both live account and demo account traders, including valuable prizes and awards. Active social investment network.
eToro and eToroUSA are technically different companies, which presents a confusing situation for US based traders interested in trading with eToro.
Clients with little or no forex experience, and clients looking to explore the social trading networks with a non-serious investment.
|Commissions & Fees|
|Tools & Research|
|Ease of Use|
2013 Review Star Ratings
N/A - Not Applicable
Full eToro Review
eToro is the trading name of RetailFX Ltd, a Financial Services Company authorized and regulated by the Cyprus Securities Exchange Commission (CySEC). The Cyprus based eToro does not accept clients who reside in the United States. Instead US residents are referred to eToroUSA, which is operated by Tradonomi LLC, located at 1375 Broadway, 11th Floor, New York, NY.
While the two eToro brokers are technically operated by separate corporations they do share a CEO and many of the resources, platforms, and trading conditions are the same (aside from US leverage being capped at 50:1). eToro offers a multitude of intuitive trading platforms for the web, desktop, and mobile environments. The platforms are designed to be intuitive to even novice traders, offering an easy to use interface but lacking in more advanced features such as market depth and strategy automation.
Compare eToro to Key Competitors
Trade Commissions Breakdown
|Dealing Desk||Clearing Method*|
|Micro||Minimum Contract Size|
|50:1||Maximum U.S. Leverage|
|400:1||Maximum Int'l Leverage|
Commission NotesBoth eToro and eToroUSA do not charge commission for forex trades, instead they are compensated through the spread between the Bid and the Ask quotes for each respective currency pair.
Spreads - All eToro accounts have fixed spreads, making trading costs easy to calculate. Their EUR/USD spread is typically at 2 or 3 pips (depending on trading platform) which isn't much higher than most brokers.
Micro Lot Trading - eToro offers micro lot sized trading on all their account levels.
eToro was reviewed by StockBrokers.com on 2012-11-29 with an overall rating of 3 Stars.
|No Minimum Deposit|
|No Maintenance Fees|
|No Dealing Desk|
|Online Trader Community|
|Live Chat Support|
|24/7 Customer Support|
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