eToro Review 2020: Fees, Platform, Pros and Cons

Founded in 2006, eToro now has over 6 million users in more than 60 countries. Aside from cryptocurrency, it also supports CFD, forex, stocks and ETF markets.
Author: andrew black
Last Updated: 17 August 2020
eToro Alternatives: 4 Better Platforms for 2020
eToro Alternatives: 4 Better Platforms for 2020

eToro has grown by leaps and bounds since its founding more than a decade ago, and now brings its trading services to 6+ million customers in more than 60 countries. In this guide, we have reviewed eToro from its trading fees, to its features, trading platform, regulation, markets, pros and cons and found it to be one of the best brokers for 2020. Check out our full eToro review to find out what makes eToro such a great platform.

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    eToro review : What makes eToro a great platform?

    1. Low trading fees
    2. CySEC, FCA and ASIC regulated.
    3. Social and copy trading available
    4. Trade crypto, stocks, commodities, forex or ETFs.
    5. 16+ cryptos to buy or trade as CFDs

    eToro - Our recommended crypto platform 2020


    eToro Commits To Better Future Growth with Delta Acquisition
    • 15+ cryptos supported
    • Wallet available and Paypal accepted
    • CySEC & FCA license
    • Social trading platform & copy trading
    eToro Commits To Better Future Growth with Delta Acquisition
    75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

    What is eToro?

    eToro is an online trading platform that was founded in 2006 in Tel Aviv, Israel providing a range of financial and copy trading services. eToro has made a name for itself by brand itself as a social trading leader. Their platform allows users to trade cryptocurrencies, commodities, stocks, forex and indices through their social trading platform where users can utilize their Copy Trading feature and learn from other investors.

    Since then, the company has opened up offices in the United Kingdom and Cyprus, with a near-universal service presence. In May 2018, eToro expanded into the U.S. market and launched their own exchange and mobile wallet. eToro now counts with over 6 million users worldwide and supports 15+ cryptocurrencies.

    Who Founded eToro?

    eToro was founded by David Ring and brothers Yoni (Jonthan) and Ronnen Assia. The Assia brothers serve as CEO and Chief Product Officer, respectively, with a third Assia (David) acting as Chairman of eToro USA.

    What Makes eToro Unique?

    There are many CFD platforms, and many Bitcoin trading platforms, but eToro may be the only service that is fully equipped for both services. Not only this, eToro’s products are well-designed and intuitive, have good quality, and are even fun to use.

    Today, eToro offers CFD trading of many securities and asset types. It has also recently added cryptocurrency trading to meet the needs of the changing investment landscape. You can both trade crypto CFDs and buy bitcoins and other cryptocurrency stock on the eToro trading platform. eToro is also known for its various social trading features, which make the practice of investing more diverse and fun for a customers of all experience levels.

    eToro Pros & Cons


    • Slick, modern, and easy for anyone to use
    • No deposit or commission fees
    • New blockchain-based Crypto Wallet
    • All kinds of investment types in one eToro Trading Platform
    • Social trading


    • Limited choice in the eToro Wallet
    • High withdrawal fees

    eToro tutorial : how to sign up and place a trade

    eToro’s account opening process is painless and quick. Follow our steps below to open your eToro account and place your first trade on the platform.

    Step 1: Sign up to eToro

    75% of retail CFD accounts lose money.

    To get started, click this link top open your eToro account. You will be asked to provide your email address and a new password for the eToro system. Click the link in the email eToro sends you, and you’re in! You could also link an existing Facebook or Google account to accomplish the same.

    Now that your eToro cryptocurrency trading account is set up, all you have to do is sign in, using the login information you just submitted.


    Step 2: KYC & Account verification

    Verify your account by providing some personal information as requested on the homepage of your new eToro account. It will take a couple of days to verify this information, but it’s a necessary step before you’ll be able to deposit money and trade with eToro.

    Prior to verification, you can use the eToro demo account, and once verified you’ll be able deposit up to $2000 of real money, answer some simple questions, or submit government ID and proof of residency for higher deposits. You can still deposit $250 without verifying your account, but you will need to have it verified to be able to withdraw your profits.

    Step 3: Deposit funds

    The next step is actually making your initial deposit. One of the biggest qualities of eToro is the amount of payment methods they accept in their platform. One of the best features eToro is known for is for being a Paypal cryptocurrency platform. To name a few:

    • PayPal
    • Credit/Debit Card
    • Wire Transfer
    • Neteller

    Step 4: Buy cryptocurrency

    Wondering how to buy bitcoin with a debit card on eToro? On this step, you will learn how to buy cryptocurrencies on eToro.

    Click on “Trade Markets” within the eToro app to see available securities, Forex, and crypto markets. You can also search for specific assets or Copy People using various social trading tools built into the eToro app. Your most accessed markets will appear in your “Watchlist”, as pictured above.

    Once you’ve selected something to trade, click it and choose from a “Market”, “Limit”, or “Stop-Loss” order type. Market Orders sell for whatever price is currently available, Limit Orders let you wait for a specific price, and Stop-Loss orders liquidate if the price falls to a certain level.

    You can also choose to leverage your order up to 20X. This essentially allows you to borrow money from eToro to buy a bigger trade than you could afford on your own.

    Step 5: Sell your cryptocurrency

    You can sell your positions at any time. If you chose a “Buy” position, you’ll make money if the price of your asset went up, beyond the upper limit of the spread. If you took a “Short” position, you’ll make money if the price of the asset fell beneath the lower limit of the spread. You can withdraw any balance of $50 or greater.

    Trading Platform

    The newest version of the eToro trading platform is a combination of many different services eToro has offered through the years.

    We’ve got simple CFD trading for a bunch of different securities and assets. Users can also use CopyTrader to mimic trading decisions of friends on the program, the Popular Investor Program to follow the trading of experts, and CopyPortfolios to replicate a winning trading plan outright.

    Each of these methods represents a powerful tool in social trading, a concept that eToro pioneered. With social trading, any user with any level of experience can succeed just as well as the most knowledgeable.

    eToro also now offers the eToro Wallet, a blockchain-based cryptocurrency trading technology that’s totally different from CFD-based trading eToro customers are used to.

    With the eToro Wallet, users can actually buy cryptocurrencies, rather than simply making price speculations as with the CFD products on the main eToro trading app. It’s an awesome new service based on the demands of a fast-trading market, one which is bringing a new generation of users to eToro.

    Prices and Fees

    Cryptocurrency fees

    Cryptocurrency trading spreads are wider than those of other assets, specifically because cryptocurrency prices are so volatile. For an asset like Bitcoin where prices can jump or dive 10% of more in a single day, large spreads make sense.

    All cryptocurrency spreads are between 0.75% and 3.45%. Because it’s the most stable, Bitcoin is the cheapest to trade. Altcoins like Ethereum and Bitcoin Cash trade with a 1.90% spread. EOS, DASH, and other trade at 2.9%. Zcash is the most expensive altcoin to trade, with a 3.45% spread on each side.

    Commodity fees

    eToro pricing is much simpler than we see with most of its competition. With eToro there is no commission, and no deposit fee. eToro makes all its money on the “spread”, price thresholds above and below the market price of an asset, past which the price of an asset must change for a CFD investor to make profit.

    Most of the time, the spread is set at 0.09% per side. There are some spread differences with some assets, such as cryptocurrencies, though. For a full breakdown of eToro spread costs, check out eToro’s price guide.

    eToro only accepts US Dollars. You can use some other currencies, like Euros, but eToro will convert these to US Dollars and charge you 0.25% for doing so.

    ETF fees

    ETFs are much simpler. Because an ETF is made up of potentially thousands of stocks, it’s more stable than a typical stock. All ETFs trade at just 0.09% per side.

    Stock fees

    Stocks also trade with a 0.09% spread, though additional Overnight Fees are charged for stock positions held for more than 24 hours.

    Forex fees

    Currency trading, or Forex, spreads are measured in Pips (or “Percentage in Point” – the smallest price change a platform can register). Pip spreads are very small for stable, popular currency trading pairs. USD/CAD has only a 3 Pip spread. For uncommon pairs like USD/TRY, the spread is 50 Pips.

    Most Forex pip spreads are 20 or below, with many less than 10.

    Security and Regulation

    eToro is regulated by several different national and international bodies. In Europe, it is compliant with international directives about company practice and client security.

    In the UK, it is overseen by the Financial Conduct Authority (FCA). The Cyprus Securities and Exchange Commission (CySEC) regulates it in Cyprus, and is licensed to broker currencies and derivatives in Australia.

    With each expansion of its business, eToro has had to improve its compliance with regulatory agencies like the above. As it has expanded into the United States and other major markets, regulations from the Securities and Exchange Commission (SEC) and other bodies also apply.

    Education and trading tools

    To learn the eToro platform before risking any real money, users can use the educational eToro Demo Account. With the demo account, you will immediately have access to $100,00 in phony cash, and will be able to trade with it just like you would on the real platform.

    You can use the demo Bitcoin account for any amount of time to make sure you fully comprehend the rules and features of the eToro trading app.

    Deposits and Withdrawals on eToro

    It’s easy and free to deposit money with the eToro cryptocurrency trading platform Complete a single user profile questionnaire to deposit up to $2000. Provide proof of identity and residency to deposit more. There is no deposit fee on the eToro cryptocurrency exchange, and you can use any of these payment channels:

    • Bank Transfer
    • Credit/Debit Card
    • PayPal
    • Skrill
    • Neteller
    • Webmoney

    eToro charges $25 for all withdrawals, and the minimum withdrawal is $50. The $25 is a bit more expensive than we’re used to seeing with CFD brokers, but with large withdrawals it’s negligible.

    Crucially, the $25 pricetag is fixed, not variable as you would see with a percentage-based withdrawal rate. The latter would be bad for large withdrawals.

    Social trading feature

    Social trading is eToro’s most unique feature. eToro was founded by people who understood that the investment landscape of 2006 was not friendly to beginners. People saw investing as an activity for the elites, both in terms of knowledge and wealth. By breaking down this barrier, eToro recreated the industry.

    Etoro social trading lets users mimic the trades of other users. The other user might be a friend or a trusted success story, but whatever the case, their trades can be replicated by everyone in the eToro network.

    Not only does this give new users to chance at expert-level success, social trading also makes eToro more fun than its competitors. So many other brokers are stuffy and confusing, just like they were in 2006. eToro is streamlined and modern, and easier to use than Facebook.


    CopyTrades is eToro’s main social trading feature. Here, you can take a look at the portfolio and return history of hundreds of different successful eToro traders. Then you can decide to replicate the portfolios of the traders you think are best primed for future success.

    CopyTrades gives you all kinds of statistics that explain each portfolio is granular detail. You’ll be able to invest between $2000 and $500,000 in up to 100 different portfolios. The only downside is that portfolios can only be sold as a whole, not broken up into individual assets.

    CopyPortfolio Trading

    CopyPortfolio are bundles of stocks and other assets, which you can invest in just like a mutual fund. Of course, these are CFD positions, not holdings of actual securities, but they trade just like funds or ETFs.

    CopyPortfolio follow themes. You might invest in a banking theme, for example, which would give you positions in large banks and fintech companies. You might also choose a Consumer Tech CopyPortfolio, or a Cannabis Medical CopyPortfolio, whatever interests you.

    Customer service

    eToro customer service is available 24/7, Monday through Friday (local time). You can reach eToro by phone or by sending in a support ticket.

    People have complained about eToro customer service during times of heavy customer demand (such as the cryptocurrency bull run of 2017). In these cases, support was delayed by hours or days.

    These days, people tend to receive live responses from phone requests. Support ticket requests are acknowledged within hours and are typically resolved within 2-4 business days.

    Products and Markets

    eToro has two main products: the eToro Trading Platform and the eToro Blockchain Wallet.

    The eToro Trading Platform can be downloaded onto your computer, used in-browser, or downloaded as an app for your phone. Users will have full platform functionality with any of these products, and one account extends to all devices.

    The eToro Trading Platform features eToro’s famous social trading features and products, such as CopyPortfolios and CopyTrades (both described above).

    The eToro Blockchain Wallet (sometimes just called the eToro Wallet) is totally different. It’s a separate phone app made for the trading of popular cryptocurrencies. These coins are really bought and sold, using blockchain addresses and private keys, not used for CFD trading as with the eToro Trading Platform.

    Forex Platform

    The eToro Trading Platform can be used to trade Forex currency pairs. There are dozens of pairs to choose from, and each have a different spread depending on the volatility of assets involved.

    Stocks Platform

    The eToro Trading Platform can also be used for stock trading and is a fantastic choice for newbies looking to invest in the stock markets. We have reviewed a number of stock trading apps for beginners and find eToro to be the easiest to use.

    Users can invest in CFDs (Contracts For Difference) based on the current value of the stocks. The user isn’t actually buying stocks, just futures contracts based on stocks. The spread is 0.09% for all stock CFDs.


    ETFs or “Exchange Traded Funds” are some of the most popular securities in traditional investment markets. They are essentially bundles of dozens, hundreds, of even thousands of stocks that trade like a single asset. eToro users can make CFD trades on ETF prices with the eToro Trading Platform. ETF spreads are always 0.09%.


    We’ve used this term several times, so let’s explain it here in detail. CFD stands for “Contract For Difference”. It’s a way for someone to invest in a stock (or other asset) without actually buying it.

    Users pay the cost of a certain amount of a stock, ETF, cryptocurrency, etc. This is locked in a futures contract. The user decides whether they think the price of the asset will rise (a “Buy” order) or drop (a “Short” or “Sell” order).

    The user holds the position until they decide it’s time to cancel it. When the contract ends, the end price of the asset is compared to the prediction the user made at the start of the contract. If the user made a “Buy” order in Apple, and Apple stock actually gained value during that time, the user gets her money back, plus the extra value that Apple stock gained during the duration fo the contract.

    eToro vs Other Brokers

    There are many different varieties of investment brokers, especially when cryptocurrency is part of the conversation. Check out our best cryptocurrency platforms for more on that.

    When it comes to CFD brokers, eToro really is the best of the bunch. You’ve got competitors like Plus500 and, but these platforms look clunky and dated compared to the modernized eToro trading platform.

    in almost all cases, eToro fees are better than these other CFD brokers, especially since eToro doesn’t charge deposit fees or commission. Even their spreads are competitive.

    When it comes to cryptocurrency platforms (based on real ownership and exchange of Bitcoin, not CFDs), eToro is very much a newcomer. Platforms like Binance offer many, many more altcoins than eToro has available.

    However, eToro Wallet accepts fiat payments, which Binance and its ilk do not. In this way, eToro is most similar to Coinbase and Gemini. It’s not as complex, nor does it offer the versatile trading of the latter. But for ease of use, and from the benefit of integration with the other eToro products, the eToro wallet has a place at the head of the competition.

    eToro in UK/USA/Australia

    eToro has a strong presence in the United Kingdom, Australia, and United States. It’s a relative newcomer to the US, but has enjoyed full licensing in America since 2018. Both flagship products (the eToro Trading Platform/App and the eToro Wallet) are available in all three of these major markets.

    eToro Review

    Criteria Rating
    Overall Score


    Country of Origin Israel
    Number of Users 10 Million
    Regulation CySec, FCA and ASIC
    • Crypto
    • CFD
    • Forex
    • Stocks
    • ETF
    • No Account Fee
    • $25 USD Withdrawal Fee
    • $5 USD Inactivity Fee
    • No Deposit Fee
    Trading Platforms
    • Mobile App
    • Web App
    Safety Score
    Trading Education Score
    Special Features Copy Trading
    Customer Service
    Verification Process Score
    Minimum Deposit $200 USD
    Visit Site Buy Cryptocurrencies
    75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.



    In conclusion, eToro is one of the best trading platforms. You may be able to save a little bit on withdrawal fees or the occasional spread with a competitor, but no service touches eToro in terms of design, ease of use, and versatility. eToro’s various social trading products are a nice touch. We also like that our readers will now be able to use the eToro Wallet to buy and store Bitcoin and other cryptocurrencies.

    Disclaimer: eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

    Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

    Past performance is not an indication of future results.

    Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

    eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content in this publication, which has been prepared by our partner utilizing publicly available, non-entity specific information about eToro.

    eToro - Our recommended crypto platform 2020


    eToro Commits To Better Future Growth with Delta Acquisition
    • 15+ cryptos supported
    • Wallet available and Paypal accepted
    • CySEC & FCA license
    • Social trading platform & copy trading
    eToro Commits To Better Future Growth with Delta Acquisition
    75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.


    Can I transfer my eToro portfolio to another broker?

    Yes. As well as offering CFDs, eToro users can also buy physical stock. This means it's possible to bitcoins on eToro and transfer your cryptocurrencies to other trading platforms. Although, for us, eToro is definitely the best cryptocurrency exchange our there.

    Can eToro run my IRA or other retirement account?

    No. eToro should not be thought of as a retirement investment company. eToro offers numerous social trading features, but these aren't the same thing as automated investment services from companies like Betterment. If you make money with eToro you can withdraw it and use it elsewhere for retirement investment, but there are no tax-advantaged accounts in eToro.

    Can I send Bitcoin to the eToro Wallet?

    Yes! The eToro Wallet is a real wallet. You can send any coins you already own to this wallet, so long as the wallet supports those cryptocurrencies. The eToro wallet is adding new currencies regularly, so check back to see what's new. You can transfer bitcoins and other cryptocurrencies from the eToro trading platform to the eToro wallet by going to the 'edit trade' screen, navigate to your portfolio, click the relevant trade and then select the 'transfer' option

    Is eToro available in my country?

    Most likely. It's easier to name the countries where eToro is not available. These include: Japan,Brazil,Turkey,North-Korea,Iran,Cuba,Sudan and Syria

    It cheaper to actually buy stocks and ETFs, rather than use eToro CFDs?

    For the most part, yes. With the right broker, you can trade stocks and ETFs for free. Once you own them, there are very low holding costs (whereas with eToro, you'll have to pay Overnight fees for long-held positions). eToro CFDs are convenient and fast ways to invest, so they serve a different purpose than traditional investment brokers, which have customers who tend to hold positions for years or even decades.

    Can I access the same account through the apps on my phone and computer?

    Yes. You have one account with eToro, a platform that's accessible through a few different app types, including the eToro app for iPhone and Android devices which allows you to download the eToro trading platform to your phone. There's also a separate app for the eToro bitcoin wallet.

    eToro social trading risky?

    All investing is risky. However, we really like how much detail eToro provides for social trading users. You'll have as much data as you care to investigate when evaluating CopyTrades and CopyPortfolios . With careful planning, you can come out on the right side of the Risk-Reward ratio.

    What cryptocurrencies does eToro support?

    Here is a list of the cryptocurrencies you can trade on the eToro cryptocurrency exchange: bitcoin, Ethereum, Bitcoin Cash, Ripple, Dash, Litecoin, Cardano, IOTA, Stellar, EOS, NEO, Ethereum Classic, TRON, ZCASH, Binance Coin, Tezos and Gram.

    How much money should I deposit when I begin?

    The minimum deposit with eToro is currently $200. That's probably a good deposit for most users to make. You can deposit up to $2000 for a basic account, then much more if you get your account authenticated with your ID and proof of residence. But let's save high dollar investment until you're accustomed to the platform.

    Can I use non-USD currency to pay for eToro trades?

    Kind of. eToro trades are all settled in US Dollars. You can use some other currencies like Euros, but these are converted into US Dollars by eToro, and you pay 0.25% in service charges for their trouble.

    A-Z of Bitcoin Exchanges

    Remember, all trading carries risk. Past performance is no guarantee of future results.

    Andrew Black is a freelance technology and financial writer from Baltimore, Maryland. He's a longtime crypto user and investor.

    23 thoughts on “eToro Review 2020: Fees, Platform, Pros and Cons

    1. I know that eToro is considered among the safest cryptocurrency platforms out there, but what is it that makes it so safe? Is it because it is so well-regulated?

      1. Hello Evan. Thank you for getting in touch. It is partly because it is well-regulated yes. eToro is regulated by agencies like the FCA, CySEC and ASIC, which monitor the platform’s activities and impose certain standards to allow them to maintain the status of regulated platform. Some of these standards involve security measures to prevent hacking attacks and protect customers from the risks of fund loss. One of these measures is the availability of PayPal as a payment method. A great thing about using PayPal is that you do not have to share your bank details with third parties whenever you have to make a payment. Your bank details always remain between you and PayPal. You can find out more about this on our Paypal brokers page.

      1. Hello Amber. That is quite a difficult question to answer. If you are referring to the risks of online trading, then no. The risks are the same on whatever platform you choose to trade on. Crypto trading is considered a high risk activity that can result in a loss of funds. However, if you are referring to the opportunities offered by eToro, such as the copy trading option, allowing you to place the same trades as top investors, then yes. eToro has very little competition when it comes to all the features it offers to facilitate your trading experience and help you make money.

    2. I’d really like to sign up on eToro but I can’t afford to spend $250 just to sign up. Is there anything else I can do?

      1. Hello Luke. Thank you for your question. I understand your concern. $250 may seem like a lot as an initial amount. The thing is that most of the platforms out there, require minimum deposits of around $200-$250 so there is not much you can actually do about it. There are a few platforms that ask around $100 and in some cases less, but these platforms often hide very high fees, so what you will save up when you register, you will definitely lose later on in fees. That is why we recommend sticking to eToro. If you can’t afford it right now, we recommend waiting until you have enough funds to be able to get started on it. I hope that helps.

    3. Hello there. I’ve had some experience with online trading on various platforms and something that I’ve really come to value quite a lot is customer service. In my previous experiences, whenever I contacted them, it would either take them days to reply or they would not reply at all. How is customer support on eToro?

      1. Hello Matty. Thank you for your question. We definitely agree with that. Customer support is essential to the reliability of a platform. Members of staff are the first people you contact whenever you run into issues on their platforms and they have to be able to guarantee satisfactory services. You should definitely not worry about this on eToro. During our test of the platform we tried contacting them and they replied within an hour. They were extremely helpful, kind and professional. We definitely recommend them.

      1. Hello Jennifer. Thank you for getting in touch. The amount to start trading mostly depends on how much you want to invest and how much profits you want to make. The best way to make profits is by diversifying as much as possible and the more you invest the more money you can make. Of course though, investing a lot of money can also mean losing it all considering that online trading is considered a very risky activity. So you should balance things out in the way you think is best. The only amount you have to know about is the $250 necessary for you to be allowed to start trading, but you can invest much more than that if you wish to do so.

    4. I’ve heard that one of the aspects of eToro that make it stand out amongst the other platforms is the copy trading option. If I were to copy trade, would I be running less risks than if I made my own investment choices?

      1. Hello Leroy. That is a very good question. The answer is no. Online trading is a very risky activity for all kinds of traders, including the most experienced ones. If you take that into consideration, it is clear that an experienced investor has the same chances of getting an investment wrong as you do. It is true of course, that an experienced trader may be more capable of interpreting the changes in the market and to place trades accordingly, but the market is unpredictable for anyone and research is not always sufficient to guaranteeing a profitable investment. So the answer is that copy trading and independent trading carry the same exact amount of risks. I hope that helps.

      1. Hello Eric. Thank you for your question. eToro is definitely one of the best ones out there. Other than being regulated, well-reputed and user-friendly, like several other platforms out there, it has other important features to offer. Its fees are some of the lowest you will find. In fact, eToro does not charge any account or deposit fees, even though it does charge a withdrawal and inactivity fee. It also offers to trade with all of the major cryptocurrencies available, which only a few other platforms can compete with. The most important feature offered by eToro though, that not many platforms offer, is the copy trading option. This allows inexperienced traders to simply place the same trades as some of the best investors active on eToro. I hope that answers your question.

    5. Hello there. I have read online that Plus500 is a better platform than eToro. How accurate would you say that is? I ask because based on this review, it seems to me like eToro is actually better.

      1. Hello Jennifer. Thank you for getting in touch with us. That is a very good question. We actually consider both Plus500 and eToro to be excellent platforms and making a comparison is quite difficult considering that they both have their strengths and weaknesses. I would say that your choice should very much depends on what you are looking for. If you are a beginner, we recommend going for eToro because of its copy trading feature, which you will not be able to find on Plus500. If instead you are looking for asset variety to diversify your investments as much as possible, then Plus500 might be a better idea. In general though, both a regulated, trustworthy and well-reputed platforms, so no matter which one you choose, you won’t go wrong.

      1. Hi Alv512. Thank you for your question. EToro is one of the cryptocurrency platforms that we consider to be among the best on the market and that is partly due to its regulatory status. To answer your second question, yes, a legit regulatory status certainly adds to the reliability of an platform because it means that it is monitored by agencies working to make sure that the interests of customers and traders are protected. In fact, eToro is regulated in Europe by the Markets in Financial Instruments Directive, also known as MiFIDA. In Cyprus it is regulated by the Cyprus Securities and Exchanges Commission and by the Financial Conduct Authority in the UK. I hope that answers your question.

      1. Hello julius85. Thank you for your question. eToro has quite a few features that make it one of the best cryptocurrency platforms on the market. First of all, the sign up process is very simple, all you need are a few personal details at first and the verification process only takes a couple of days. You will also receive the appropriate guidance throughout every step of the way, including the deposit stage and the trading phase.

        On eToro you will be able to trade crypto, CFDs, Forex, Stocks and more. There are also no hidden fees. All the fees you should be aware of are a $25 withdrawal fee and a $5 inactivity fee but there are no deposit or account-creation fees. The platform also uses the most trusted trading platforms to support trades and these are MetaTrader4 and WebTrader.

        On top of this, eToro is among the most well-reputed platforms there are with millions of users worldwide. It is also regulated by both the FCA and CySEC, two of the biggest regulatory agencies.

        Two of the most important features offered by eToro though, that really make it stand out among the rest, is firstly the fact that it offers PayPal as a payment option, which is a great way to guarantee user security. Most importantly, it offers a copy trading option. The feature consists of allowing users to copy the investment placed by the highest-ranking investors that are using eToro. That is a great advantage for inexperienced users who do not really have a trading strategy yet.

        f you’re interested in more exchanges you can also check out our cryptocurrency exchange page

      1. Hello Nicole32, the minimum amount that you can deposit on eToro is $200. This makes eToro one of the most competitive crypto platforms in the industry along with being a very safe and secure platform.

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