eToro Customer Reviews, Expert Opinion & News

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eToro is a great account for small investors to dip their toe into the world of investing. Particularly if you want to invest in US stocks or cryptocurrency.
Richard Berry
Richard Berry
Good Money Guide Founder

51% 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

eToro Customer Reviews

3.4

277 Good Money Guide reviewers have given this provider an average rating of 3.4 out of 5 based on their genuine experience.

Excellent20%
Very good25%
Average36%
Poor12%
Terrible7%

Leave a review and tell us what you think to help others make more informed financial decisions.

Our annual “Stocks In Your Stockings” competition 🎅 is open so any verified review you leave will enter you into the prize draw to win a £500 JISA.

e Toro? TORO,TORO…

4th November 2024

Always there if I need them.

MR JOHN L MITCHISON
Verified

Made to pick your pocket

26th October 2024

Every aspect of the platform aims to tell you could potentially make money fast. But that’s not how good investing strategies work.

Max

International transfers

26th October 2024

Such a simple way to transfer funds from sterling to euros. Chris Clemens was really helpful and responded to emails immediately. Very professional and I would recommend using them.

Amanda le coq

5 Star eToro

18th October 2024

One of the best platforms for investing. Instruments such as charting are simple and straight forward to follow. Large choice of cryptos and other investment classes. Innovative platform and company always striving to improve

Dipika Ghosal
Verified

The best social trading platform…

28th June 2024

The best social trading platform with lots of educational elements to equipped you for the world of investment. In Etoro I have benefited from great knowledge of my account manager who has always been there to make sure my questions and any other requests are addressed.

Maria Osmane

-agressiv marketing, +free education and…

24th June 2024

-agressiv marketing, +free education and support

Dejan Petrovic

Very happy with it

21st June 2024

Very happy with it

Edouard Tatschke

Quick

21st June 2024

Quick

Adriano Wendler

3/5

21st June 2024
Gush verdding

Fun blogs good crypto

20th June 2024

Fun blogs good crypto

Chris Davies

Little let’s easy to use

20th June 2024

Little let’s easy to use

Chrissy Hodges

Complex tool that you need…

20th June 2024

Complex tool that you need to get your head around

Neill Taylor

No thoughts

20th June 2024

No thoughts

Simon Durham

Loads of options

20th June 2024

Loads of options

Oyedeji Jaiyeola

Easy to set up, excellent…

20th June 2024

Easy to set up, excellent support and customer support

Simon Teague

Do not use often enough…

20th June 2024

Do not use often enough to comment

Drew Marsham

Ok

18th June 2024

Ok

Mark Deamer

Acceptable

15th June 2024

Acceptable

Richard Skinner

Pretty decent and now that…

13th June 2024

Pretty decent and now that it offers ISAs that’s great

Jonathan Kha

No

12th June 2024

No

Robert Sala

51% 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

eToro Expert Review

eToro Review
Good Money Guide Recommended 2024

Name: eToro

Description: eToro is a social trading platform that lets their users share new and existing CFD positions and their investment portfolios. eToro was founded in 2007 in Tel Aviv, Isreal and has grown to offer investing and trading on 3,000 global assets (including real cryptocurrencies) to 30 millions users worldwide.
51% 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

Is eToro a good broker?

Yes, eToro does have its flaws for experienced investors, but if you are just getting started eToro is a great introduction to financial markets. eToro is actually a very innovative trading platform offering copy trading, social networking and unleveraged CFDs.

Pros

  • Really simple to use
  • Social and copy-trading
  • Set your own leverage
  • Pre-built sector portfolios

Cons

  • Can only trade and invest in USD
  • No SIPPs or ISA
  • No direct market access
  • Pricing
    (4)
  • Market Access
    (4)
  • Online Platform
    (4.5)
  • Customer Service
    (4)
  • Research & Analysis
    (4.5)
Overall
4.2

Ratings Explained

  • Pricing: Even though eToro is commission free there are high FX conversion fees between 1.5% and 3%. Overnight financing is also expensive for CFD positions compared to competitors.
  • Market Access: For the majority of investors you can trade the most popular markets, but lacks access to small-cap stocks and exotic derivatives.
  • Platform & Apps: Very good, nearly gets top marks for intuitiveness, but misses out because of no sophisticated order types
  • Customer Service: No phone number available to non-premium clients, but generally quick responses to chat and email queries.
  • Research & Analysis: A mixed bag here – some good social investing fees on the platform and digestible guides, but no direct actionable research.

51% 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

eToro Awards

eToro won best alternative investment platform and best cryptocurrency platform in our 2023 awards.

51% 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

eToro Facts & Figures

eToro Total Markets
2,976
➡️Forex Pairs41
➡️Commodities32
➡️Indices13
➡️UK Stocks313
➡️US Stocks1104
➡️ETFs263
eToro Key Info
👉Number Active ClientsOver 1.5m
💰Minimum Deposit$50
❔Inactivity Fee$10 per month
📅Founded2006
ℹ️ Public Company
eToro Account Types
➡️CFD Trading✔️
➡️Forex Trading✔️
➡️Spread Betting
➡️DMA (Direct Market Access)
➡️Futures Trading
➡️Options Trading
➡️Investing Account✔️
eToro Average Fees
➡️FTSE 1001.5
➡️DAX 302
➡️DJIA6
➡️NASDAQ2.4
➡️S&P 5000.75
➡️EURUSD1
➡️GBPUSD2
➡️USDJPY1
➡️Gold4.5
➡️Crude Oil5
➡️UK Stocks0.09%
➡️US Stocks0.09%

51% 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

eToro Video Review

In our video review we test the platform with real money and show some of the good and bad features on the eToro trading platform.

51% 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

eToro News, Views & Interviews

eToro in New York

eToro continues US expansion with New York launch

eToro has obtained a licence to trade stocks in the US on the New York licence, making its services available to eligible investors in all 50 states. Retail investors in New York are now able to trade fractional stocks, exchange-traded funds, and options on the eToro platform. eToro co-founder and CEO Yoni Assia said: “Our

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Best Crypto Broker - Good Money Guide Awards Winners 2024

eToro wins best cryptocurrency platform at the 2024 Good Money Guide Awards

eToro won Best Cryptocurrency Platform at the Good Money Guide Awards this year, as they did last year, because they’re an excellent platform for general investing and cryptocurrencies. They carefully vet the cryptocurrencies they offer, focusing on mainstream options rather than more speculative, lesser-known coins. Richard BerryRichard is the founder of the Good Money Guide

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eToro Platform

How does withdrawing money eToro compare to other brokers?

eToro is a popular trading and investment platform. Through the platform, you can invest in stocks and ETFs, buy crypto, copy the moves of other investors, and more. If you have an account with eToro, you may be wondering how withdrawals work. Let’s break down the process step-by-step. Withdrawing money from eToro Withdrawing money from

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eToro Alternatives

Investing in pound sterling comes to eToro

eToro has enabled trading in pound sterling on its platform, bringing it further in line with more advanced broker platforms. In an email sent to clients on 10 October, eToro hailed the decision to allow trading directly in pounds as a “milestone in creating a fully localised trading experience” which “brings all the benefits of

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eToro Alternatives

Cathie Wood’s ETF giant ARK partners with eToro for new smart portfolios

Stock brokerage platform eToro has partnered with exchange-traded fund (ETF) asset management group ARK Invest to provide investors with a new smart portfolio. The new ARK-FutureFirst portfolio will allocate investor funds across seven of ARK’s ETFs, with the overall mandate resembling a single growth fund. You can now follow what Cathie Wood inves… To read

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eToro Acquires Spaceship

eToro boosts it’s Aussie offering and acquires Australian investing app Spaceship

eToro, the global multi-asset investment platform, has recently announced its acquisition of Spaceship, an Australian investing app. eToro has entered into an agreement to acquire Spaceship, an Australian investing app. This acquisition marks a significant milestone for eToro and demonstrates its commitment to enhancing its product offerings for Australian users. Spaceship is an Australian investing

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eToro - to trade or invest

Is eToro better for trading or investing?

Ever since I sat in The Angle pub, next to the Silicone Roundabout opposite where I was a stockbroker (at Walker Cripps Weddle Beck) 15 years ago discussing the merits of eToro as a forex broker, I’ve been fascinated with their journey. I’ve interviewed the founder, the UK MD and watched (despite the industry’s loathing)

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How to make (and lose) money on eToro

How to make and lose money on eToro

Because of the unique way that trading and investing are regulated in the UK, if you want to know how to make money on eToro, you will also have to read through all the ways you can lose money on the eToro platform first! (Sorry about that.) Ways to lose money on eToro There are

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eToro CFD Trading

Does eToro have CFD trading?

Yes, you can trade CFDs on eToro (but not if you are in America). As a CFD broker, eToro has a fairly basic offering, but that’s fine because I’d say that eToro is mainly geared towards beginner investors whose CFD trading is not really suitable as it’s a leverage product and you can lose money

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Commodities

Is eToro any good for commodities trading?

Yes, you can trade commodities with eToro as a CFD or by buying a commodity-based ETF like GLD if you want to invest in gold. eToro is a long way from being the best commodities broker as they only offer a limited range of the most popular commodities like oil (15) compared to CMC Markets

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eToro Alternatives

Who are eToro’s biggest competitors?

eToro is on its way to being one of the biggest brokers in the world, they have amassed an almost cult following on social media, their copy trading feature has made millionaires, and the platform shows little sign of slowing down. eToro is great for beginners and has done wonders for getting people interested in

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eToro trading app

Is the eToro trading app safe to use?

Yes, the eToro app is safe to use for investing and trading as they are regulated by the FCA in the UK. However, there are a few things to be mindful of. Firstly eToro is a new company that has grown quickly and spent a huge amount on marketing for new customers. When companies grow

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Is eToro good for crypto

Is eToro good for crypto?

Actually yes, I’d say that eToro is a good crypto broker. There are a few  reasons for this. Firstly eToro has quite a diversified range of other markets to trade, so if crypto only forms a small part of your investing portfolio (as it should do)  you can also invest in other things like UK

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eToro demo trading account

Why is the eToro demo account so hard to use?

eToro does have a demo account, but it’s actually very annoying. eToro has this really irritating habit of ushering you along to things you don’t want to do. I really want to like eToro, as everyone else does, but every time I try to use it, I feel like I’m trying to get through to

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How does eToro make money

How does eToro earn its money?

eToro makes money through commission on trades, widening bid/offer spreads, FX fees when you deposit funds, withdrawal charges and keeping interest on the funds in your account.  In this guide, I will explain how eToro makes money in each of those ways and if there are any cheaper alternatives. eToro earns the most money from

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Is eToro good for dividend investing

Is eToro good for dividend investing?

Yes, eToro pays dividends when you invest in stocks and shares that pay them. But, even though you can receive dividends when you invest with eToro there are some downsides to dividend investing with them. In this guide, I will go through why eToro may not be the best account for long-term income and dividend

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Is eToro good for long term investing

Is eToro good for long term investing?

No, I would say that eToro is not a good platform for long-term investing. There are many things that eToro is good at (like copy trading), but if you are a long-term investor there are much better options. In this guide, I’ll explain why eToro is not great for longer-term investors, and where else you

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Is eToro good for beginner investors

Is eToro good for beginner investors?

Yes, eToro is good for beginners as the platform is really simple and they offer access to the most popular and trending investment. but there are also some downsides and significant risks for those new to investing. In this guide, I’ll go through why eToro is good for beginner traders, why it’s not, and also

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Shorting stocks on eToro

Can you short stocks on eToro (and how do you do it)?

One of the big advantages of eToro is that the platform allows you to trade stocks in both directions. Not only can you take ‘long’ positions in order to profit from rising share prices, but you can also take ‘short’ positions in order to capitalise on falling share prices. If you are interested in shorting

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eToro UK

eToro reduces it’s withdrawal fees

Israel-headquartered multi-asset broker eToro has announced some changes to its fee structure What changes is eToro making to its fee structure? eToro is making various changes to its fee structure. Perhaps the most interesting of these is the removal of the flat $5.00 withdrawal fee, that the broker currently charges, when clients move money out

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eToro UK

eToro adds GBP trading accounts to its platform

eToro has given clients the ability to deposit funds and buy and hold assets in Great British Pounds or GBP. Historically eToro accounts and assets were denominated in US Dollars, but the firm is launching a sterling eToro money account to provide its clients with what it calls a: “Truly localised trading experience” Using the

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GainersQTR smart portfolio

eToro’s smart portfolio capital-guaranteed investment adds Tactical-Edge

eToro has offered investors access to capital-guaranteed upside-only social trading when they invested in the firm’s @Tactical-Edge smart portfolio. The 100% capital guarantee, effectively means investors can’t lose if they hold the position until the 30th June 2026. If the portfolio goes into the red eToro absorbs any losses made by the Tactical B… To

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Simon Peters eToro Good Money Guide

Investing In Bitcoin With Simon Peters, eToro’s Crypto Expert

In this conversation, I interview Simon Peters, a crypto analyst at eToro, about the Bitcoin ETF and its impact on the cryptocurrency market. For more information read our full eToro review. Video Interview Podcast Summary We discuss the role of institutional investors, the opportunity for retail investors, the lacklustre price action of the Bitc… To

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Natural Gas Trading Platforms

Is eToro any good for trading Natural Gas?

You can trade Natural Gas as a CFD with eToro, and either go long or short. You can also reduce your leverage by setting your margin rates from as much as 100% (a fully paid-up position) or as low as 10%. You can also see what percentage of other eToro traders are speculating on the

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eToro UK

eToro to launch in the UAE after approval from the ADGM

eToro has been granted permission by the Abu Dhabi Financial Markets Authority or ADGM, to operate in the UAE as a broker in securities, derivatives and crypto assets. eToro in the UAE The UAE is becoming an increasingly popular destination for margin trading and multi-asset brokerages, sitting as it does mid-way between European and Far

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eToro UK

eToro starts charging stamp duty

eToro has stopped absorbing stamp duty on UK share deals, so now customers have to pay it themselves. eToro clients must now pay stamp duty As part of eToro’s ongoing commitment to transparency, they emailed customers to inform them that starting from November 6, 2023, they will be passing a Stamp Duty Reserve Tax onto

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Twitter NYSE

eToro charts it’s way to the top of Twitter

eToro has partnered with one of the most high-profile businesses on the planet, Twitter, which of course is now owned by one of the world’s richest men, Elon Musk.  The joint venture between the two companies has been marketed as a way for Twitter users to trade stocks, Cryptocurrencies and other assets via the eToro

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eToro UK

eToro upgrades it’s charting with TradingView

Social and CFD broker eToro has upgraded its charting and technical analysis tools in partnership with TradingView. eToro introduces advanced charting and analysis tools and adds TradingView its platform eToro users will now be able to access a package of advanced charting and analysis tools, provided by TradingView, on the eToro platform. These tools include

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eToro video walkthough 2023

eToro Video Walkthough 2023 – What we like and dislike about them

In this review, we explore the eToro platform, discussing its evolution from a trading platform to a potential investment account. He delves into features like copy trading, CFD trading, and thematic funds, while also addressing the pros and cons of using eToro for both trading and investing. The conversation highlights the platform’s user experien… To

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eToro keeps its US options open and buys Gatsby

eToro has acquired a US options trading app called Gatsby for what’s believed to be around $50.0 million. The company applied for approval for the transaction, with US regulators, back in December but it took until now for FINRA to sign off on the deal. Is eToro any good? Read our full test of the

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eToro lowers the stakes for traders with smaller minimum deposit

One of the world’s largest online trading platforms eToro has moved to make trading the markets more accessible than ever eToro Minimum Deposit Reduced to $50 eToro which specialises in retail and social trading in the global markets has reduced its FTD or first-time deposit requirement to just $50.00 (but it does vary across countries).

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Yoni Assia eToro CEO

eToro to go public – here’s what we know about the eToro IPO

After a stellar year, CFD trading platform eToro hopes to capitalise on the boom in digital trading with a massive IPO worth more than $10bn. Online trading platform eToro is going public is a massive £10.4bn deal as it attempts to capitalise on the surge in digital trading. Once the deal is closed later this

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How To Buy Cannabis Stocks, ETFs CFDs & Funds

High Returns? eToro launch the CannabisCare CopyPortfolio

Eagle-eyed investors are constantly seeking financial instruments that have the potential to generate high returns. Sometimes their investment hopes go up in smoke, alas. Experienced traders will have noticed how the medical marijuana market has exploded – in 2017 record growth for the legal cannabis industry saw total economic output reach $16 billion last year

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etoro

eToro launches innovative CopyFunds investment

One of the world’s largest forex brokers has announced the launch of a brand new ‘themed investment’ scheme. eToro, the social trading network, has revealed their new offering CopyFunds; investments that work by bundling together financial assets by strategy or theme. The investments will be created and traded on eToro, widely recognised as one of

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etoro

eToro nominated for Good Web Guide “Website of the Year”

One of the top CFD broker services in the UK has been shortlisted for a prestigious internet award. eToro, one of the largest CFD brokers in the country, has been named in a three-company shortlist for the Good Web Guide’s ‘Website of the Year’ award, in the finance category. The eToro social trading network –

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eToro FAQs:

No, only around 5% of eToro’s trading volumes in 2021 were from CFD trading, the rest was from cryptocurrency and investing. Whilst eToro does offer CFD trading their offering is very light compared to brokers like Saxo Markets and Interactive Brokers which both offer direct market access (DMA) CFDs. 

Yes, eToro is a trading platform where you can trade CFDs (Contracts for Difference). It is also an investing platform where you can buy shares and ETFs as an investment.

Yes, you can upgrade to professional client status with eToro. You will get less protection from the FCA, but you will get better margin rates if you want to increase your trading leverage.

Private clients in the UK are classified as retail clients. It means they are non-professional traders and investors.

Financial instruments refer to the markets or stocks you can trade. With eToro you can trade around 3,00 stocks, 75 cryptocurrencies, 27 commodities 39 currencies, 19 indices and 264 ETFs.

Data correct Oct 22

If you cannot afford to risk losing money you are thinking of trading on eToro you should not do it eToro is a trading and investing platform and it is a well-known fact that around 80% of traders lose money on CFDs. Even with investing your money is at risk and if you invest in stocks and markets that go down you will get less back than you put into your eToro account.

Copy trading means that you automatically copy the trades of other investors on eToro. It is a type of passive investment strategy, but is risky because you are putting your investing decisions in the hands-on an unregulated amateur trader.

It is free to open a trading account with eToro but if you want to start trading, you need to deposit funds. In the UK the minimum deposit starts from $50 USD and variates across the countries.

Yes, a huge amount of trading and investing is done through eToro’s mobile apps. The app is available in both the Apple and Android app stores.

Yes, you can trade CFDs with eToro, but you must understand how CFDs work because they are leveraged trading products which means that you can lose money quickly when trading CFDs.

Yes. As with all investing and trading accounts, you can lose money. There is a high risk of losing money when trading with eToro as only around 20% of retail traders make money when trading CFDs. The risk of losing money is less when investing as you are not trading on margin. But as with all investing if you pick poorly performing investments or copy traders who perform badly, you will lose money.

eToro fees are not high for trading or converting currency, as they offer commission-free trading and absorb stamp duty in the UK. However, if you are trading CFDs with eToro, the overnight financing charges are much higher than other brokers.

Further reading: Overnight Financing Explained: What is it and is it important?

In the UK eToro is regulated by the FCA so if they go bust your money (up to £85k) is protected by the FSCS. However, your money is not safe from you making bad investment decisions or picking a bad trader to copy trade.

Yes. eToro charges $5 when you withdraw money. This is one way that eToro makes money. 

Yes. If you make money with eToro you have to pay tax on the profits. The only way to avoid paying tax on trading profits is to trade financial spread bets in the UK.

Yes. eToro will charge you $10 a month if you do not use your account after 12 months. This is called an inactivity fee and will not take you below a zero account balance.

No. eToro does not offer tax-efficient stocks and shares ISA accounts of SIPPs for you to invest for your retirement.

eToro makes money on the difference between the bid and offer spread when you buy and sell shares, indices, commodities, forex pairs and cryptocurrency. eToro also makes money in fees for depositing and withdrawing money and on FX conversions.

51% 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

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% 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.

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice.  The value of your investments may go up or down.  Your capital is at risk.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more here: https://www.etoro.com/customer-service/terms-conditions/trading-restriction/

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

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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