Your capital may be at risk

Your Capital is at risk. This website is not intended for viewers from EEA countries. Binary options are not promoted or sold to retail EEA traders.

eToro broker review – is it the best social trading platform?

eToro, Reviews

eToro Broker Review: Innovative Social Trading Platform

eToro Broker Review

In this review, we take an in-depth look at eToro, one of the pioneering brokers in the world of online trading, with a focus on social trading. eToro has been operating since 2007 and has grown to become a prominent name in the industry. We’ll delve into the platform’s main features, its pros and cons, available markets, fees, and the overall user experience.

A Brief Overview of eToro

Founded in 2007, eToro has gradually evolved into a leading social trading platform, offering an innovative and user-friendly experience for traders of all levels. It allows investors to view, follow, and copy the network’s top-performing traders. Today, eToro operates in over 140 countries with millions of users worldwide.

Features and Services

eToro Global - Providing services around the world
Source: Official eToro broker website –

Social Trading

One of the key features that set eToro apart from its competitors is its focus on social trading. The social trading feature allows users to follow other traders, view their trading strategies, and even copy their trades. The feature works somewhat similarly to a social media platform, with traders posting updates about their activities and followers being able to interact with them.


The CopyTrading feature is an extension of eToro’s social trading. It allows less experienced traders to automatically copy the trades made by seasoned traders. This feature not only makes trading accessible to beginners but also offers learning opportunities. The traders you can copy are categorized by risk level, ensuring you can choose a strategy that suits your risk tolerance.

Asset Classes

eToro provides a broad range of asset classes for trading. Here are the key markets available on the platform:

  • Forex: eToro offers a good variety of currency pairs for Forex traders, including major, minor, and exotic pairs.
  • Stocks and ETFs: With eToro, traders can invest in thousands of stocks and ETFs from around the world.
  • Cryptocurrencies: eToro was one of the first brokers to incorporate cryptocurrency trading, with a choice of popular digital currencies.
  • Commodities: Traders can also speculate on the price of commodities such as gold, oil, silver, and more.
  • Indices: eToro offers trading on various global indices.

Fees and Costs

eToro operates on a spread-only basis, meaning they charge no commissions on trades. Instead, they make money from the difference between the buy and sell price of an asset, known as the spread. While spreads can be higher than some other brokers, the lack of commission charges makes the overall cost competitive.

It’s also worth noting that eToro charges withdrawal fees and inactivity fees. Users should be aware of these additional costs and factor them into their trading strategies.

Trading Platform and User Experience

eToro’s trading platform is designed to be user-friendly and intuitive, making it an excellent choice for beginners. It provides a clean, clear interface, with charts, news updates, and other tools available at a click.

However, advanced traders might find the platform’s technical analysis tools somewhat limited. While it provides essential tools such as trend lines and technical indicators, it lacks the depth and customization options that some more advanced platforms offer.

Demo Account

For those new to trading or wanting to test eToro’s platform before making a financial commitment, the demo account is an excellent feature. eToro provides a virtual portfolio with $100,000 in play money, giving users a chance to familiarize themselves with the platform, its features, and the dynamics of various markets without any real financial risk. This practice account is especially useful for testing eToro’s unique social trading and CopyTrading features.

iOS/Android Apps

eToro also provides a robust mobile trading experience with its iOS and Android applications. These apps mirror the full functionality of the web-based platform, allowing users to trade, follow, and copy other traders on the go. The apps maintain the clean, user-friendly design of the web version, and all the main features such as social trading, charting, and account management are readily accessible. Thus, eToro’s mobile apps offer a flexible and convenient trading solution for those who prefer to trade from their mobile devices.

Affiliate Program

eToro offers an attractive affiliate program, known as the eToro Partners program. This program allows individuals to earn a commission for referring new users to the platform. The commission structure is based on the number of referrals and the activity of those referred users. Affiliates are provided with a range of marketing tools to assist in promotion, including banners, widgets, and links. This affiliate program offers an additional avenue for individuals to earn income, outside of their regular trading activities.

Customer Service

eToro offers customer service via a ticketing system and live chat. The support team is generally responsive and knowledgeable, although there have been some reports of slower response times during periods of high market volatility. It’s also worth noting that eToro has an extensive FAQ section and a comprehensive help center, which can answer most common queries.

Pros and Cons of eToro


  • Social and Copy Trading: eToro’s primary selling points are its innovative social and CopyTrading features, which are among the best in the industry.
  • User-Friendly Interface: The platform’s clean, intuitive design makes it suitable for beginners and experienced traders alike.
  • Diverse Asset Selection: eToro provides a broad range of asset classes, offering plenty of choices for traders.


  • Higher Spreads: While eToro charges no commission, its spreads can be higher than other brokers, especially for less popular assets.
  • Limited Advanced Tools: While eToro’s platform is user-friendly, it might lack the depth required by more advanced traders.
  • Fees for Inactivity and Withdrawal: eToro charges fees for inactivity and withdrawals, which might affect your profitability if not managed properly.


Overall, eToro presents a unique offering in the world of online trading with its social and CopyTrading features. Its user-friendly platform and diverse asset selection make it a solid choice for beginners and intermediate traders. However, more advanced traders might find the platform’s tools slightly limiting.

As with any trading platform, it’s essential to thoroughly understand eToro’s fee structure and how it might impact your trading strategy. While its spreads can be higher, its commission-free trading offsets this somewhat. Furthermore, the added costs such as withdrawal and inactivity fees are important to keep in mind.

In conclusion, eToro is a versatile and innovative broker that provides a unique social trading experience. However, as always, prospective users should do their own research and consider whether eToro aligns with their trading goals, risk tolerance, and strategy before committing.

Official website:

Good alternatives to eToro broker:


Plus500 is a well-known broker that provides a simple, intuitive trading platform. It offers a broad range of instruments, including Forex, commodities, cryptocurrencies, indices, ETFs, and shares. Similar to eToro, Plus500 operates on a spread-only model, but its spreads can be lower on some instruments. Plus500 also provides a risk management tool that allows traders to set stop-loss orders at a specific level.


IG is one of the most respected brokers in the industry, with a history dating back to 1974. IG offers a wide range of markets, including Forex, indices, shares, commodities, and cryptocurrencies. It provides both spread betting and CFD trading, and its advanced trading platform offers a wealth of charting tools and indicators, making it a good choice for more experienced traders.


XM is a popular choice for Forex and CFD trading. It offers a wide variety of account types, including micro and standard accounts, which cater to different trading styles and levels of experience. XM is also known for its educational resources and customer service. Its platform offers a range of technical analysis tools, making it suitable for both beginners and advanced traders.

Trading 212

Trading 212 is another popular alternative to eToro. It offers commission-free trading in stocks and ETFs, as well as a wide range of other markets including Forex, commodities, and indices. Trading 212’s platform is easy to use but also provides a good level of depth, with a large library of technical analysis tools available.

eToro Broker: A Comprehensive Review of the Social Trading Pioneer
Source: Official eToro broker website – httpe://

eToro Q&A:

How safe is the broker?

Security is a key concern for any trader when choosing a broker. To determine the safety of a broker, it’s important to check if they are regulated by reputable financial authorities, which ensures that they adhere to strict standards of operation. Additionally, measures like two-factor authentication, encryption of transactions, and protection of funds can enhance the safety of a broker. It’s also beneficial to check customer reviews and feedback to understand user experiences.

What types of accounts does the broker offer?

Brokers often provide a range of account types to cater to the diverse needs of traders. These could include demo accounts, mini or micro accounts, standard accounts, and VIP or premium accounts. Each account type has its own features and requirements, such as minimum deposit, leverage, spreads, and access to additional services. The best choice of account type depends on your trading experience, financial capacity, and trading goals.

Does the broker charge commissions or spreads?

Brokers make money either through spreads or commissions, and sometimes both. A spread is the difference between the buy and sell price of an asset. Commissions, on the other hand, are fees charged on each trade. Some brokers operate on a spread-only model, while others charge a fixed or variable commission. Understanding the broker’s fee structure is crucial to manage your trading costs effectively.

Does the broker offer educational resources?

Many brokers provide educational resources to help traders develop their skills and knowledge. These can include tutorials, webinars, eBooks, articles, and even demo accounts for practical learning. Educational resources can be especially beneficial for beginner traders, but they can also provide valuable insights for more experienced traders.

What customer support does the broker provide?

Effective customer support can make a significant difference in your trading experience. Check if the broker offers multiple channels for support, such as email, phone, live chat, and social media. Also, consider the response time, availability, and quality of the support provided. Some brokers provide 24/7 support, while others might be available only during specific hours.

What platform does the broker use for trading?

The trading platform is your primary tool for executing trades, so it’s crucial to choose a broker with a platform that suits your needs. Some brokers offer popular third-party platforms like MetaTrader 4 or 5, while others have their proprietary platforms. Factors to consider include ease of use, availability of technical analysis tools, execution speed, and mobile trading options.

What types of assets can I trade with the broker?

Different brokers offer various assets for trading, including Forex, stocks, commodities, indices, and cryptocurrencies. A broader selection of assets allows for more diversification opportunities. However, it’s also important to consider the trading conditions for each asset type, such as spreads, leverage, and minimum lot size.

Does the broker allow scalping and hedging?

Scalping and hedging are two trading strategies that are not allowed by all brokers. Scalping involves making numerous trades within a short time to profit from small price changes, while hedging involves opening multiple positions to mitigate risks. If you intend to use these strategies, ensure your chosen broker permits them.

Does the broker offer a mobile trading app?

In today’s fast-paced trading environment, a mobile trading app can be a significant advantage. Check if the broker offers a mobile app compatible with your device and whether it has all the essential features for trading on the go. Some brokers offer mobile apps that closely mimic the features and functionalities of their desktop platforms.

Does the broker provide news and market analysis?

News and market analysis can provide valuable insights for your trading decisions. Many brokers provide daily or weekly market analysis and economic news updates. Some even offer in-depth research reports and advanced charting tools. This feature can be particularly useful for traders who base their strategies on fundamental or technical analysis.

Popular countries – eToro:

eToro broker in Argentina

eToro has made significant strides in Argentina’s online trading market, providing a robust platform for traders to access international financial markets. Argentine traders appreciate the platform’s social trading features, allowing them to learn from and copy the trades of successful investors worldwide. Additionally, eToro’s wide range of asset classes, including stocks, forex, commodities, and cryptocurrencies, offers Argentine investors ample opportunities for diversification.

eToro broker in Brazil

eToro has become a popular choice among Brazilian traders due to its unique social trading features and diverse asset selection. The platform is known for its ease of use and innovative approach to online trading, enabling traders in Brazil to interact, learn, and share trading strategies. Additionally, eToro’s intuitive mobile apps make trading on the go convenient for traders in this fast-growing market.

eToro broker in Colombia

With its social trading focus and wide range of tradable assets, eToro is a popular broker among Colombian investors. The platform provides Colombian traders with an opportunity to engage in financial markets worldwide while also learning from experienced investors through its social trading features. The availability of a demo account is a plus for beginners eager to gain trading experience without financial risk.

eToro broker in Indonesia

eToro’s popularity has been rising among Indonesian traders due to its extensive offerings and ease of use. The broker provides access to a wide range of asset classes, allowing Indonesian investors to diversify their portfolio. eToro’s CopyTrading feature, which allows users to replicate successful traders’ strategies, is particularly appealing to traders in Indonesia, where learning from seasoned investors is valued.

eToro broker in Philippines

Philippine traders find eToro’s platform particularly appealing due to its accessibility and social trading features. With eToro, Filipino traders can interact with a global community of traders, share insights, and even copy successful trading strategies. The platform’s diverse selection of tradable assets and intuitive interface further enhance its appeal among traders in the Philippines.

eToro broker in Saudi Arabia

eToro’s unique blend of traditional trading and social interaction has drawn a growing number of users in Saudi Arabia. Its wide range of tradable assets, including stocks, commodities, forex, and cryptocurrencies, caters to the diverse interests of Saudi investors. The platform’s intuitive design, comprehensive educational resources, and the innovative CopyTrading feature provide valuable support to both novice and experienced traders in the region.

eToro broker in Thailand

Thai traders have embraced eToro for its innovative approach to online trading. With its easy-to-use platform, extensive range of tradable assets, and robust social trading features, eToro offers a unique and engaging trading experience. The ability to copy the trades of successful investors is a significant draw for Thai investors looking to enhance their trading skills and strategies.

eToro broker in United Arab Emirates

eToro has made a significant impact in the online trading scene in the United Arab Emirates (UAE). The broker’s wide asset selection, user-friendly interface, and innovative social trading features have made it a preferred choice among UAE traders. The platform’s emphasis on community interaction and shared learning resonates with traders in the region, enhancing their trading experience.

eToro broker in Vietnam

eToro is accessible to traders in Vietnam, providing them with the opportunity to invest in a wide range of global markets. Its intuitive platform is user-friendly, and the unique social trading feature has become popular among Vietnamese traders. The option to copy trades of successful investors is particularly appealing for beginners. Also, Vietnamese traders can take advantage of eToro’s educational resources to enhance their trading skills and knowledge.

eToro broker in Angola

In Angola, traders can use eToro to access various financial markets globally. eToro offers a blend of traditional trading and social elements, allowing Angolan users to engage, discuss strategies, and even emulate trades from more experienced traders worldwide. The broker’s transparent trading environment, coupled with a wealth of educational content, makes it a suitable platform for both novice and seasoned traders in Angola.

eToro broker in Brazil

eToro enjoys a significant user base in Brazil. Offering a wide array of asset classes, eToro allows Brazilian traders to diversify their investment portfolio. The CopyTrading feature has garnered attention in the Brazilian trading community for its innovative approach to investing. Moreover, the broker offers customer support in Portuguese, catering specifically to Brazilian users’ needs, and provides a plethora of educational resources to enhance their trading knowledge.

eToro broker in Mozambique

For Mozambican traders, eToro provides access to a diverse selection of global markets. eToro’s social trading model is appealing to traders at all levels of experience, particularly beginners who can learn from observing and copying other successful traders. eToro also provides comprehensive educational resources and a demo account feature, which are beneficial for traders looking to improve their understanding of the market.

eToro broker in Mexico

eToro has made a mark in Mexico with its unique blend of social and traditional trading. Mexican traders can trade various asset classes, including forex, commodities, indices, stocks, and cryptocurrencies. The platform’s user-friendly interface, coupled with the social trading and CopyTrading features, allows Mexican traders to leverage the knowledge and experience of successful investors worldwide. Additionally, eToro provides a range of educational content to assist traders in improving their skills.

eToro broker in Peru

Peruvian traders have embraced eToro for its comprehensive and innovative trading services. eToro’s social trading network provides Peruvian users with a collaborative trading environment, enabling them to share strategies and copy successful trades. Furthermore, the platform’s broad selection of assets and educational resources makes it a reliable choice for Peruvian traders at all levels of experience.

eToro Broker in Argentina

Argentinians can access eToro’s wide range of financial instruments, social trading features, and user-friendly platform. It allows Argentine traders to engage in various markets, such as Forex, stocks, commodities, and cryptocurrencies. Moreover, the platform is available in Spanish, enhancing the ease of use for Spanish-speaking Argentinians.

eToro Broker in Chile

eToro is also available in Chile and has gained popularity due to its innovative social trading features, allowing Chilean users to interact, follow, and copy trades of other successful investors. This platform can be a practical choice for Chilean traders seeking exposure to international markets and a diverse asset portfolio.

eToro Broker in Colombia

Colombian traders can also take advantage of eToro’s platform. The social trading component provides Colombians an opportunity to learn from more experienced traders from around the world. Also, eToro’s educational resources, such as webinars, articles, and e-courses, can help Colombian traders enhance their trading skills and knowledge.

eToro Broker in Ecuador

eToro serves traders in Ecuador as well, offering access to a multitude of financial instruments across various markets. Ecuadorian traders can leverage the CopyTrade feature to mirror the strategies of profitable traders, potentially reducing the steep learning curve often associated with trading.

eToro Broker in Madagascar

In Madagascar, eToro’s platform is available for those interested in online trading. The platform’s easy-to-use interface and social trading features make it an appealing option for both novice and experienced Malagasy traders. Furthermore, the platform’s educational resources can be useful in understanding the dynamics of various financial markets.

eToro Broker in Ivory Coast

eToro’s unique social trading platform is accessible in the Ivory Coast. Ivorian traders can tap into a vast network of traders from around the globe, sharing insights and copying trades. Moreover, the broker’s extensive range of assets allows Ivorians to diversify their investment portfolio.

eToro Broker in Cameroon

In Cameroon, traders can use eToro’s services to participate in global financial markets. eToro’s social trading feature can be particularly beneficial for Cameroonian traders, as it facilitates learning and networking with experienced traders worldwide. The availability of a broad asset selection provides numerous trading opportunities.

PLEASE NOTE: The articles on this website are not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.

Some of the links on this page may be an affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission.

Try IQ Option broker and see yourself why millions of traders use it

IQ Option - download on the App Store & Get it on Google Play

24/7 Support

$1 Minimum Deal

$10 Minimum Deposit

Free Demo Account

deposit methods
Gráfico múltiple de IQ Options: iniciar sesión, login, abrir una cuenta real o demo

Risk warning: your capital might be at risk

IQ Option - download on the App Store & Get it on Google Play

Learn how to trade!


Video - How to trade CFD?How to trade CFD? (00:49)

This financial instrument allows you to speculate on both upward and downward price movements of stock without actually owning them.

Video - How to trade Binary Options?How to trade binary options*? (01:22)

Predict which direction the asset price will go in a few minutes. Profit up to 95%, with loss being limited to the sum of your investment.(*Binary Options are not available in EU)

Video - Forex. How to start?Forex. How to start? (01:01)

The largest and most liquid market in the world where the main underlying asset is foreign currencies traded in pairs. Watch video to know more.


General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

This website is not intended for viewers from EEA countries. Binary options are not promoted or sold to retail EEA traders.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Around 74-89% of retail investor accounts lose money when trading CFDs with CFDs providers. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

About Us is not an official website. All trademarks used belong to is an affiliate website and promote We are getting a commission when trader registers through our links.

We strive for all the information be most up to date but for the current offers always check IQ OPTION official website. If you would like to contact with the webmaster of this website please email:[email protected]

Automatic articles translation

The articles are originally in English. Please change the language if trading articles are not translated well. They are translated automatically and may not always reflect the meaning of the original content.

We use cookies to provide and improve our services. By using our site, you consent to cookies. To find out more please read our policies below:

© 2024 - IQ OPTION BROKER - not official | Promotional material on this website is 18+ only. Please trade responsibly.