All NerdWallet reviews and lists of the best investing products are created by our editorial team of full-time writers and editors, independent of any business relationships. In this case, our investing team’s comprehensive review process evaluates and ranks platforms and companies that allow U.S. customers to buy and/or sell cryptocurrency. Our aim is to provide an independent, balanced assessment of providers to help arm you with information to make sound, informed judgments on which ones will best meet your needs. The eToro platform offers trading in more than 30+ cryptocurrencies in the U.S, and nearly 80 internationally. Still, advanced users looking for a niche coin may find the list limiting. Users can find lower-cost crypto trading elsewhere—check out your options on Forbes Advisor’s listing of the best crypto exchanges.

Ensuring a Secure Trading Environment

Payments are fixed per investor and paid monthly to your eToro account. You can also receive additional bonuses for advancing the ranks. The Better Business Bureau has given eToro USA an F rating for multiple unresolved customer complaints against the business (including resolved complaints) and recent government action. These are a big deal in the trading world, and it’s safe to say that eToro definitely doesn’t fall short. In addition to the safeguarding measures described above, your funds are held with a Financial Services Compensation Scheme (FSCS) protected bank or in Qualified Money Market Funds, as approved by the FCA. EToro uses strong cybersecurity measures, including SSL encryption and 2FA.

Young Investor Corner

New users can test the entire experience using a $100,000 demo account — with full access to real-time markets, CopyTrader, and portfolio tools. The platform is regulated in multiple regions, offers a user-friendly interface, and allows you to manage thousands of assets across global markets. It’s especially well-suited for newer investors who want simplicity and flexibility without needing deep technical expertise. If eToro went bust, clients would have their share of the segregated money investments returned, minus any administrators’ costs from handling and distributing these funds.

EToro Desktop based trading platforms offer a more secure experience than their eToro mobile app counterparts. EToro trading applications must follow some fundamental guidelines, when giving traders access to live high risk financial markets. EToro’s web platform is accessible through a standard web browser and offers an intuitive interface. It includes advanced charting tools, technical indicators, and customisable watchlists.

Security Infrastructure

Kept in separate, segregated accounts, all user funds are completely independent of the company’s. No matter eToro’s financial status, your money is in no way affected. An online educational portal is accessible through eToro Academy. While many of the articles provide information on cryptocurrency, other materials focus on products like the Smart Portfolio and trading strategies like technical indicators. EToro provides limited portfolio analysis, especially in comparison to competitor platforms. While you can see current balances and positions clearly, not much exists in the way of further analysis outside of charting features.

• In addition, if you are ever in doubt as to whether a communication is from us or witness any other suspicious activity on the eToro platform, please do not hesitate to contact us.
• While eToro doesn’t charge management or rollover fees, it does apply overnight and weekend fees for CFDs.
• Unless a user is at Platinum level or higher, the user’s equity holdings determine levels on the platform.
• Buying €1,000 of the popular IWDA ETF will cost €0 in transaction fees.

ETFs

They can choose their own collection of assets, or a ready-made Smart Portfolio. Just bear in mind that the minimum investment for Smart Portfolios is $500. As a multi-asset investing platform, eToro gives users the option to invest stocks and ETFs all in one place, as well as offering additional functions. EToro allows users to invest in a selection of over 3,000 stocks and shares.

Open an Account

In addition to trading fees, eToro fees also include non-trading fees. These are for things like withdrawal, inactivity, and conversion. It’s important to be aware of these because they can impact your overall profitability.

Fast to open an account

Issues like these can really impact the etoro forex broker review overall user experience and cause frustration that affects trust in the platform. Additionally, while eToro’s fees are competitive, the non-trading fees can add up overtime and impact profitability. The pros do outweigh the cons however, and eToro remains on the top of list of the best trading platforms. Unfortunately, the online investment industry is not immune to these and other fraudulent attempts to swindle users out of their money.

Deposits or withdrawals in other currencies incur a conversion fee, typically 50 pips ( around 0.5%), rising to 150 pips depending on the method or region. Outside the U.S., eToro offers CFDs with fees built into spreads plus possible overnight charges. For example, you might see a 0.9-point spread on S&P 500, or 45 pips on gold. This feature supports building diversified exposure to crypto themes, sectors, or managed strategies with one click. Platforms like Interactive Brokers offer deeper order-routing, advanced tools, and tiered low-cost structures that can outperform eToro in precision and pricing.

• IBKR provides advanced tools, global markets, and tiered low commissions.
• The QMMFs we use are managed by leading fund managers such as Blackrock and JP Morgan Asset Management.
• These QMMFs are also segregated from corporate assets and are fully recoverable in the highly unlikely scenario that eToro has to wind down its business.

The conversions between € and USD seems core to their business model. For example, if you deposit via a bank transfer, you’ll pay 0.5% exchange rate costs. If you deposit via Paypal or Sofort, you’ll end up paying a 1.5% exchange rate cost. The best feature of eToro’s web platform yet inconveniently located is the ProCharts section. To access it you must click on the gear icon in the traditional chart and click on the “ProCharts” option.

The company is also regulated by the United Kingdom’s Financial Conduct Authority (FCA), the Cyprus Securities Exchange Commission (CySEC), and the Australian Securities and Investment Commission (ASIC). When the bid price and ask price are different, the brokerage makes money by processing orders. When we refer to the “spread” when discussing stocks, we’re talking specifically about the bid-ask spread. The educational features aren’t exceptional, but we think they get the job done. There is also a news feed to help you keep up on certain topics in the finance world such as crypto. One of the main features that makes eToro unique is the CopyTrader feature.