Can you trade forex on eToro and what’s it like?

However, when the fixed trading fee of 1% for both buying and selling is included, the overall cost to trade ends up being a bit less competitive. Etoro also offers additional products and services like Copy Trading and an affiliate program. Please remember that this insurance does not cover any crypto assets trading (non-CFD). EToro has secured a 4.3 rating on TrustPilot with a striking majority of  reviews, around 70%, happy with their experience with the broker. Opening a customer service request ticket involves first and foremost entering your email address. You can then proceed to type out information about the nature of your complaint or inquiry, and can even attach supported files to further help you clarify the situation to them.

Is eToro regulated in USA?

Traders who frequently make small sums or regular withdrawals should consider this nominal fixed charge. However, this amount ensures top-notch services with optimum security during financial transactions on eToro’s platform. ➡️Stocks – They provide an excellent selection of 4,610 stocks from various industries and foreign marketplaces, allowing diversified equities trading.

Forex Traders’ Viewpoint

EToro can act as a market maker or agency broker, depending on factors such as which eToro entity holds your account. Market maker brokers act as the counterparty to your trade, while agency brokers send your order to other market makers in return for rebates, profit-sharing, widened spreads and commissions. When copy trading at eToro, you still must do enough analysis to sort through the database of investors and decide which, if any, to copy. The ease-of-use factor is high, and eToro delivers nearly all the same features across both its web platform and its mobile app, which multi-device clients will appreciate. With over 3,000 tradeable symbols, including CFDs, forex, and exchange-traded securities, eToro offers a comprehensive – albeit slightly pricey – trading experience.

Use Leverage Carefully

While no commissions may seem like eToro has low brokerage, the high spreads and other charges mean fees will be higher for most trading activity. While eToro may suit your trading strategies, you will need to take into account the higher brokerage charged by the online broker. We recommend Pepperstone if spreads, commissions and trading experience are important for your trading requirements. EToro offers cryptocurrency trading on 41 digital currencies (Bitcoin BTC, Ripple XRP, Dash, Neo, etc.) with low trading fees and 0% commissions. The broker provides a proprietary web-based trading platform and mobile app with a user-friendly UI.

  1. EToro’s standard customer support is limited, offering only email contact or a support ticket option.
  2. On the eToro platform, a “Trading” tab lets you view prices and buy, sell, or convert crypto, ETFs, or stocks.
  3. The web-based trading platform supports social trading well, and ProCharts allows manual traders to analyze markets.
  4. Easy, fast and reliable deposit/withdrawal via eToro account, excellent and rapid support from Uri Weill, great training in academy, useful weekly walkthrough webinars.
  5. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go.

This brokerage firm offers a wide range of investment tools and trading opportunities that everyone can benefit from. There are millions of users on this platform who have built a solid foundation when it comes to investment trading. The eToro mobile app is available on Apple’s etoro forex broker review IOS and Android devices for those looking to trade on the go. The mobile trading app allows trading CFD stocks, indices, EFTs, forex (currencies) as well as commodities. Social trading such as the ability to copy leading investors is also available using the mobile app.

A bit advantage of the mobile trading platform is that you can get notifications of movements across relevant markets. There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process).

An e-mail and phone number are available for clients for the eToro Australian subsidiary. I think most clients may not require customer support, but eToro remains readily available for existing clients. The versatility of the eToro crypto coins and crypto-related asset selection elevated eToro among the leading cryptocurrency brokers. A fee of 1% is added to the spread when buying or selling crypto assets on eToro. This fee is included in the price shown when users open or close a position. One of the most ignored trading costs is swap rates on leveraged overnight positions.

The broker applies penalties for inactivity when an account remains inactive over a long period. This is to promote continuous trading activity among customers, and the fee only takes effect after prolonged periods of no activity. ➡️NFTs – The broker has expanded its trading capabilities to include NFTs (Non-Fungible Tokens), allowing users to engage in the rapidly growing digital asset market. Withdrawals from the broker may be done in various ways, including bank transfers, credit cards, PayPal, and other e-wallets launched through the platform’s withdrawal area. A sizeable balance of $100,000 enables users to get familiar with market dynamics without putting any real funds at risk. The Trading Account is suitable for both beginners and experienced traders, and it stands out for its low entrance barrier of 10 USD for US clients, and between $50 to $10,000 for other regions.

Traders of all skill levels can enjoy a thrilling and user-friendly investment experience on the platform, which integrates an advanced online portal with an equally intuitive mobile app. Despite the amplified exposure linked to greater leverage, professional account holders benefit from the negative balance protection provided by the broker. EToro’s standard customer support is limited, offering only email contact or a support ticket option. EToro Club members can also receive customer support via live chat and phone, though methods of contact depend on the level of club membership. Only members at the silver level and above — which requires equity of $5,000 or more — can call to speak to a dedicated account manager directly.