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eToro description
eToro is a global social trading platform used by millions of people to trade and invest. It offers a user-friendly way to buy, sell and trade a variety of assets, with a particular focus on cryptocurrencies. eToro allows users to interact with each other, share trading strategies, and even automatically copy the trades of more experienced investors. eToro is known for its straightforward fee structure and provides a range of educational resources for its users.
Who is eToro best for
eToro is a user-friendly platform ideal for beginners and experienced investors interested in trading various assets, especially cryptocurrencies. Users praise the copy-trading feature and diverse asset selection. However, some dislike the high withdrawal fees and occasional customer support issues.
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Best for small businesses, less suitable for medium and enterprise companies.
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Not enough information to determine industry fit.
eToro features
| Supported eToro supports portfolio tracking, including holdings, balances, and performance. |
| Supported eToro supports copy trading with its CopyTrader feature, allowing users to automatically replicate trades of other traders. |
| Supported eToro supports copy trading, allowing users to automatically replicate other traders' portfolios and trades. |
| Supported eToro supports trading a wide variety of cryptocurrencies. |
We evaluate the sentiment that users express about non-functional aspects of the software
Ease of Use
eToro reviews
We've summarised 25 eToro reviews (eToro G2 reviews) and summarised the main points below.
- User-friendly interface praised for its ease of use, especially for beginners.
- Copy-trading feature allows users to replicate trades of experienced investors.
- Offers a wide range of assets, including stocks, ETFs, and cryptocurrencies.
- Provides educational resources and a demo account for practice.
- Real-time trading execution and multiple deposit methods are appreciated.
- High withdrawal fees and commissions are a common complaint.
- Limited availability of certain stocks and ETFs.
- Account access can be blocked while traveling internationally.
- Customer support can be slow and unhelpful, especially with login issues.
- Some users find the minimum deposit requirements too high.
eToro pricing
The commentary is based on 6 reviews from eToro G2 reviews.
eToro's pricing receives mixed reviews. While some appreciate the value for money and accessible entry point for beginners, others point to high withdrawal fees and commissions, particularly on swaps and certain trades, as a significant drawback. Despite this, many find the platform's intuitive design and diverse investment options justify the costs.
Users sentiment
See the eToro pricing page.
eToro alternatives
KiteBetter for users in India. More transparent pricing. Offers stocks, bonds, mutual funds, and ETFs. Caters to Indian stock market investors. Growing faster.Read more
BinanceMore geared towards cryptocurrency enthusiasts. Binance has broader industry applicability and a larger selection of cryptocurrencies. It also has more momentum based on employee growth.Read more
ayondoBetter fit for small businesses. Offers indices and stock trading, along with social feeds and community forums.Read more
Dotbig platformBetter for small businesses. Offers algorithmic trading, and has higher ratings on G2 and Trustpilot. A strong eToro competitor.Read more
PayBitoProBetter fit for medium-sized companies. Higher rated by users. Has a faster website traffic and employee growth. Offers white-label crypto exchange solutions, trading bots, and more robust security features.Read more
TradingViewBetter for charting and technical analysis. Easier to implement and use. Growing faster. More expensive and less transparent pricing. Not ideal for small businesses. eToro alternative, eToro competitor.Read more
eToro FAQ
What is eToro and what does eToro do?
eToro is a social trading and investment platform offering a user-friendly experience for trading various assets, especially cryptocurrencies. Users can buy, sell, trade, and even copy the strategies of experienced investors. eToro is known for its simple fee structure and educational resources.
How does eToro integrate with other tools?
eToro primarily focuses on its social trading features, enabling interaction and copy trading. There is no information available regarding integrations with other tools. For specific integration needs, consider exploring alternative platforms.
What the main competitors of eToro?
eToro competitors include TradingView, Binance, Interactive Brokers, and TD Ameritrade. These platforms offer similar trading and investment opportunities, often with varying fee structures, asset selections, and platform functionalities. Some alternatives, like TradingView, focus more on charting and analysis.
Is eToro legit?
Yes, eToro is a legitimate global social trading platform regulated in multiple jurisdictions. It's known for its user-friendly interface and copy trading, making it relatively safe for beginners. However, users should be aware of potential downsides like high withdrawal fees.
How much does eToro cost?
eToro doesn't list pricing information on its website. Contact eToro directly to determine if the product is worth the investment and get pricing details.
Is eToro customer service good?
eToro's customer service receives mixed reviews. While some users appreciate the personalized support, like phone calls to resolve issues, others have experienced slow and unhelpful responses, especially regarding login problems.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.