The eToro social trading platform is, without a doubt, one of our favorite online brokers in this 2020 … From its friendly user interface to its Copy Trading functions, through its advanced investment options such as CopyFunds … eToro is a trading platform that shines with its own light in the firmament of online brokers.
eToro is a social trading network that already has more than 8 million users worldwide, being one of the most successful trading platforms in recent times.
Part of the secret of this projection that it is having in recent years is the reliability it generates under the regulations it has (including the British FCA and the European CySEC, in addition to being authorized by the CNMV in Spain, registration number 3519) .
In this sense, it should be noted that it is a completely reliable online broker, in which our funds are segregated from the company’s accounts, and therefore the degree of protection is greater.
the User Interface – A delight for novices and experts:
One of the undoubtedly most outstanding and commented points of eToro is the simplicity of the platform, which means that even people starting out in the trading world can operate in a comfortable and simple way, accessing all the information, and at the same time time without being overwhelmed by an excess of unnecessary data.
At the same time, more experienced users and traders will also enjoy the most advanced features of the eToro trading platform, which does not sacrifice an iota of functionality and professionalism for the most veteran traders.
CopyTrading – The best Social Trading tool:
If there is one thing that stands out eToro is in the possibility of copying thousands of successful traders, replicating in our portfolios exactly the same movements and operations that they execute.
eToro stands out well above the rest of Social Trading platforms for:
- The enormous variety of types of traders it offers (traders specialized in Forex, raw materials, stocks, cryptocurrencies, etc.)
- The quality of these traders (which can be contrasted with the objective data provided by eToro in the report of each trader)
- The simplicity of our role as an investor, by assigning the part of capital that we want each of the traders we copy to manage (no limit to the number of traders to copy, in order to diversify even better)
ETORO – bitcoin, ripple and many other cryptocurrencies …
eToro offers numerous financial instruments to trade, including currency pairs, American, European stocks, etc., ETF funds, indices, raw materials and cryptocurrencies, giving us a wide range of possibilities in which to invest.
If anything stands out in this regard eToro is its rapid implementation of cryptocurrencies, already having at least a dozen of the most important, including of course bitcoin, ethereum, ripple, litecoin, EOS and many more …
There is a very strong community around cryptocurrency trading in particular on eToro, so any trader who likes this type of marketing will feel like a fish in the water on this platform.
ETORO – Commissions and fees:
EToro’s commissions are in line with what is expected from this online broker, which offers competitive rates comparable to the rest of the competition in this sector.
The quality / price ratio in terms of cost per service is without a doubt unbeatable
EToro Customer Service – Opinions and criticisms:
With the bitcoin boom in late 2017 and early 2018, the rapid growth experienced by eToro and many other trading and cryptocurrency platforms led to a significant rebound in the number of users.
Sometimes the Customer Service has been punctually overflowed, and this has led to some criticism and unsatisfied opinion in forums such as Trustpilot and Forocoches.
However, as satisfied veteran users of the platform, from platformsdetrading.com, we can give our sincere opinion that these events have been nothing more than isolated problems, and that the performance and quality of eToro have never been questioned.
Final conclusion – Advantages and disadvantages of eToro:
- 100% regulated and reliable
- Numerous assets to choose from to invest
- Leader of social trading, lots of good traders to copy
- CopyFunds function for investors
- Great ease of use of the interface. Ideal for newbies
- Support and proactive integration of innovative investment instruments
Points to improve
- The account is only available in dollars (there are no euro or dop accounts)
- Specific overflow problems of the SAC (Customer Service)
CFDs are quite complex instruments and tend to have a high risk of losing money quickly due to leverage. 65% of retail investor accounts lose money when they trade CFDs with this provider.
The information on this website are opinions and in no case should they be interpreted as an investment recommendation.
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