eToro is an online trading platform where you can access stocks, exchange-traded funds, derivatives, commodities, crypto assets, and thematic indexes. It provides trading tools, data analysis, and social networking features in a single, comprehensive service. Use it to check that ETFs (exchange-traded funds) are trending this week, verify the average price of a cryptocurrency, or even check and clone the portfolio moves from a trader of your choice.
On eToro, you can find 3,000 equities from 20 global exchanges. The service blends traditional financial instruments with digital currencies and commodities like gold or oil. Through its interface, you can easily work on demo and real accounts, set up limits, build personal watchlists, place market orders, and follow and interact with other traders.
You can use eToro and the experience of other users to learn trading best practices. It complies with local regulations from Europe, the UK, the US, and other global markets. You can use built-in risk management tools, copy portfolios, and other eToro features on the web or by downloading a mobile app for iOS and Android.
Why should I download eToro?
eToro is a combination of trading, investment, and social features that work well whether you're a novice or an advanced user. It has a unique feature called CopyTrader, which allows you to duplicate the trading of any top-ranking or professional user from the platform. This is because, on eToro, every trader has a public profile that shows their portfolio, risk score, number of followers, and returns over time. You can pick and choose from their open positions and financial movements, set up automatic duplication and stop it at any time, and define the amount you want to invest.
Since eToro lists diverse assets such as stocks, cryptocurrencies, ETFs, commodities, indices, and forex, you can invest in all of them from a single account. If you're trading stocks for the long term, these operations are commission-free, and you can search for assets, check price histories, set price alerts, and view expert analyses all within this platform.
There are also pre-built thematic portfolios you can easily copy. If you'd like to invest in one focused on renewable energies, you can do that using the Smart Portfolios feature. All of them are managed and reviewed by investment committees assembled by eToro, and this option, by default, offers you diversification without the need to choose and pick every single asset manually.
You can use eToro's virtual portfolio mode, where you get $100,000 demo funds that you can then use to practice trading strategies without any real risk. It's a simple and effective way to learn the interface of the platform and its different features, but also to test your skills in real-world market conditions.
With eToro, you also get a separate mobile crypto wallet app to store, convert, and send cryptocurrencies securely. With it, you can recover your private keys, make on-chain transfers, and access a larger number of cryptocurrencies than are available on the portal's web version.
Another unique aspect of eToro is its built-in networking features. Users get personal profiles and can post market opinions, technical analyses, questions, comments, and likes and engage in discussions with other people. This creates a sense of community around trading and allows people to learn from each other.
eToro is a reliable platform that is regulated by multiple financial authorities, including the FCA (UK), CySEC (Europe), ASIC (Australia), and FinCEN (US for crypto trading). Your actions on eToro are kept secure with SSL encryption, two-factor authentication (2FA), and segregated bank accounts for your funds. You can download eToro for mobile devices or use its web services.
Is eToro free?
Yes, creating an account on eToro or downloading its apps is completely free, and there are no required subscriptions to use the service.
The only things that require payments or cost anything are the trading activities you make with eToro. These include fees for buying stocks, cryptocurrencies, and ETFs, withdrawing money, and monthly inactivity penalties for over 12 months without activity.
What operating systems are compatible with eToro?
Whether you're using eToro on a website or through a mobile app, you still get access to all its features.
On mobile, you need iOS 14.0 or higher or Android 6.0 to install the app, and there's also a separate, dedicated app for eToro's crypto wallet feature.
On desktop computers, it works with any operating system that can launch Chrome, Safari, Firefox, and Edge.
What are the alternatives to eToro?
TradingView is an analytical platform that provides you with access to charts and technical details, visualizes data on dashboards, and supports scripting. While you can integrate its data points with different brokering tools, traders use it primarily for analysis and customized alerts. TradingView has a free and paid offering and works on the web, through desktop clients for Windows, macOS, and Linux, but also on iOS and Android through mobile apps.
CoinMarketCap is another platform dedicated to cryptocurrencies that gives you access to rich real-time market data. In addition to live data, you also get charts and rankings, which help when you're creating personal watchlists or tracking your portfolio. The service is entirely free and works on iOS, Android, and the web.
Crypto.com, on the other hand, is an actual trading platform and a digital wallet that gives you access to a crypto exchange, DeFi tools, a special Visa card, and NFT marketplaces. Use it to buy and sell cryptocurrencies, earn staking interest, and track prices. It's a free service that works on the web, iOS, and Android, but please note that it doesn't include stock or forex markets.
