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eToro

Score7.5 out of 10

6 Reviews and Ratings

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What is eToro?

The eToro platform enables people to invest in the assets they want, from stocks and commodities to cryptoassets.

Categories & Use Cases

Reviews

What users are saying about eToro.
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Fully-featured and easy-to-use trading and investment platform

Incentivized
Dr Andy TehView profile
Founder, Owner, and Principal in Professional Services at Teh & Associates (1-10 employees employees)

Use Cases and Deployment Scope

We mainly invest and trade US stocks and occasionally currencies and cryptocurrencies. eToro makes it easy for us to do so compared to other options available in Malaysia. With eToro, we can deposit funds by bank wire transfer, credit card, or PayPal, making the processes both convenient and quick. Funds withdrawal is likewise straightforward.

Pros

  • Access to a broad selection of stocks and ETFs
  • Real-time execution of market orders
  • Value-added services with eToro membership

Cons

  • eToro has met our needs for an online and investment platform.
  • I cannot think of anything in which eToro can improve.

Most Important Features

  • Simplicity
  • Funds deposit from PayPal and funds withdrawal to PayPal
  • Membership perks, e.g., dedicated account manager and access to the Financial Times and WSJ.

Return on Investment

  • 10-15% ROI per annum since signing up to eToro two years ago

Other Software Used

WordPress, LearnDash, Evernote, Microsoft Windows

Crypto for Investors

Incentivized
Verified User
Technician in Information Technology (11-50 employees employees)

Use Cases and Deployment Scope

I use eToro mainly for getting exposure to various crypto assets as well as for learning about various altcoins and their associated technologies outside of the biggest, most popular cryptocurrencies for additional investment opportunities. eToro is great for this use particularly for the clear way it presents cost basis, which makes it easier to manage for strategy and taxes.

Pros

  • Excellent presentation of cost basis
  • Easy to get exposure to crypto as well as traditional investments
  • Allows copy trading

Cons

  • Some of the social features are a bit clunky
  • Tax documents can take days to process after a manual request
  • Sometimes promotes influencers over experts

Most Important Features

  • Cost basis tracking
  • Tax documents
  • Price charts

Return on Investment

  • Made a 400% profit
  • Saved time by using generated tax document
  • Spent less time tracking trades

Alternatives Considered

Coinbase and BlockFi

Other Software Used

Creality Ender Pro, Ultimaker Cura, Chrome Remote Desktop