eToro’s platform (despite looking very basic) is actually getting better every day, but I’d say it’s nowhere near being one of the best trading platforms out there. For serious and high-volume traders there is not a downloadable desktop version and you do not get direct market access.
But for average and beginner investors it has some really very good features.
The ability to look at the positions (and then copy) of consistently profitable traders is an excellent want for new investors to see how to construct a diverse portfolio is not just an excellent way to invest, it is a fantastic learning tool. I spoke to the founder of eToro Yoni Assia ages ago about whether or not copy trading could be an investible asset class, and there are signs that it perhaps could be.
eToro Trading Platform Review
Name: eToro Trading Platform
Description: eToro has a very simple online trading platform and offers a social way to speculate on global markets. Through social and copy trading you can see other traders’ portfolios and copy their trades. You can only trade and invest in USD, but you do have the option to buy and sell cryptocurrency.
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
Summary
- Markets available: 2,976
- Minimum deposit: $50
- Account types: CFDs & investing in USD
- Equity overnight financing: 6.4% +/- SONIA
- Pricing: Shares 0.15%, FTSE 1.5, GBPUSD 2
Pros
- Social and copy-trading
- Easy-to-use platform
- Can change your leverage
Cons
- Accounts must be in USD
- High FX conversion charges
- Limited market range
-
Pricing
(3.5)
-
Market Access
(3.5)
-
Online Platform
(4)
-
Customer Service
(3.5)
-
Research & Analysis
(3.5)
Overall
3.6
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