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eToro

eToro

Overview

What is eToro?

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

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Recent Reviews

TrustRadius Insights

Users have found the product to be a convenient and user-friendly platform for investing their additional monetary resources. It serves as …
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Crypto for Investors

9 out of 10
May 06, 2022
Incentivized
I use eToro mainly for getting exposure to various crypto assets as well as for learning about various altcoins and their associated …
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Pricing

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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.

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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Product Demos

How to Day Trade for Beginners on eToro?

YouTube

ETORO REVIEW : IS ETORO SCAM OR LEGIT? (ETORO MALAYSIA) | INVEST IN STOCKS WITH ETORO?

YouTube

Make Money With eToro and Copy Successful Traders | Forex eToro Practice Forex eToro

YouTube

Using the Virtual Practice Account on Etoro

YouTube

Come Funziona eToro: Guida al Copy Trading, Scopri il Metodo per Selezionare i Trader Migliori

YouTube

#ETORO (CH1) Creating a Etoro Demo Free account

YouTube
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Product Details

What is eToro?

eToro Technical Details

Operating SystemsUnspecified
Mobile ApplicationNo
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Comparisons

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Reviews and Ratings

(6)

Community Insights

TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!

Users have found the product to be a convenient and user-friendly platform for investing their additional monetary resources. It serves as an excellent starting point for beginner traders and a valuable tool for long-term investors. Customers appreciate the ease of use, understandability, and stability of the platform, which allows them to diversify their savings by investing in different stocks and making partial withdrawals. The abundance of information available on the platform helps users make informed investment decisions.

The product has been widely used for trading and analytics, especially in cryptocurrency trading. It has helped bridge the knowledge gap in cryptocurrencies, allowing customers to explore new investment opportunities. The social aspect of the product is particularly useful as it enables users to learn from experienced traders and gain insights into various investment strategies. Many users have even managed to earn extra income and increase their savings, providing economic stability.

Though some users have encountered difficulties with customer support and accessing their accounts, overall, they find the product helpful in simplifying trading and providing valuable insights into the stock market. The majority of customers primarily invest in US stocks, currencies, and cryptocurrencies using this platform. They appreciate the convenient and reliable processes for depositing funds and withdrawing them. Furthermore, the product's clear presentation of cost basis makes it easier for users to manage their strategies and taxes. Overall, this user-friendly product provides individuals with a seamless way to invest and trade while gaining exposure to various assets and expanding their financial knowledge.

Based on user reviews, here are the three most common recommendations for eToro:

  1. Use other trading platforms with better customer service: Users suggest exploring alternative trading platforms that offer more accessible and responsive customer service. They recommend platforms that can be reached through phone or live chat without requiring login, as they feel that eToro's customer service is lacking.

  2. Utilize eToro for crypto and equity investment platforms and data ingestion: Users highlight eToro's strengths in cryptocurrency and equity investments, as well as its ability to easily source data from the platform. They recommend using eToro specifically for these purposes.

  3. Approach trading cautiously and learn about economic news: Users advise starting with a small amount of money and treating trading as a strategic activity rather than gambling. They recommend reading economic news to identify correlations with the stock market. They also suggest utilizing eToro's virtual trading account feature to practice and define a trading policy.

Overall, while many users highly recommend eToro for beginners in the trading world, they also caution that negative aspects should be taken into account. Additionally, they emphasize that relative economic stability is important, and winning is not always guaranteed.

Reviews

(1-2 of 2)
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Dr Andy Teh | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Incentivized
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.
  • Access to a broad selection of stocks and ETFs
  • Real-time execution of market orders
  • Value-added services with eToro membership
  • eToro has met our needs for an online and investment platform.
  • I cannot think of anything in which eToro can improve.
eToro is probably best suited for persons with basic trading and/or investment needs, not experienced traders. The latter group will probably benefit from more sophisticated tools, such as advanced charting and analysis. In addition, I believe such traders will demand tighter spreads than those available on the eToro platform.
  • 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.
  • 10-15% ROI per annum since signing up to eToro two years ago
I have not used any product as comprehensive as eToro or that is comparable to eToro. I have used and continue to use other online trading platforms, but these services are mainly geared towards facilitating trading only. Unlike eToro, they do not offer any decent degree of trader/investor education, or value-added services, such as access to the WSJ and Financial Times or a dedicated account manager.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
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.
  • Excellent presentation of cost basis
  • Easy to get exposure to crypto as well as traditional investments
  • Allows copy trading
  • 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
If you're just looking to do some trading with high visibility into managing costs in both traditional investments as well as crypto, eToro is a great option. If you want to do more than just have exposure to crypto markets, like use smart contracts or use other computing features of a cryptocurrency, you might want to use a platform more geared to that.
  • Cost basis tracking
  • Tax documents
  • Price charts
  • Made a 400% profit
  • Saved time by using generated tax document
  • Spent less time tracking trades
eToro is definitely geared more toward the investor crowd with more familiar looking charts and cost basis tracking than dedicated crypto wallets or services. I use it alongside others, but definitely like the features here for making strictly investment related decisions and research on general market changes, movements, and activities.
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