eToro's Trading Platform Is Great For Beginners To Get Started
Account: eToro Trading Platform
Description: 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 smaller and beginner investors, it has some really very good features.
61% 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's trading platform any good?
eToro’s trading platform is getting better, but it’s still not the best (yet). 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 no downloadable desktop version and you do not get direct market access.
But for average and beginner investors eToro 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, but also 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.
What does eToro’s trading platform look like?
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.
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
(4)
-
Market Access
(4)
-
Online Platform
(5)
-
Customer Service
(4.5)
-
Research & Analysis
(4.5)
Overall
4.4Compare eToro to other trading platforms
| Trading Platform | Markets | CFDs | Spreads | Futures | Options | DMA | Customer Reviews | More Info |
|---|---|---|---|---|---|---|---|---|
 | 13,500 | ✔️ | ✔️ | ❌ | ✔️ | ❌ | (Based on 124 reviews)
| See Platform 71% of retail investor accounts lose money |
 | 5,000 | ✔️ | ❌ | ❌ | ✔️ | ❌ | (Based on 16 reviews)
| See Platform 76% of retail investor accounts lose money |
 | 1,200 | ✔️ | ✔️ | ❌ | ❌ | ❌ | (Based on 86 reviews)
| See Platform 75.3% of retail investor accounts lose money |
 | 2,000 | ✔️ | ❌ | ✔️ | ❌ | ❌ | (Based on 144 reviews)
| See Platform* 80% of retail investor accounts lose money |
 | 10,000 | ✔️ | ✔️ | ❌ | ✔️ | ❌ | (Based on 257 reviews)
| See Platform 64% of retail investor accounts lose money |
 | 17,000 | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ | (Based on 678 reviews)
| See Platform 71% of retail investor accounts lose money |
 | 12,000 | ✔️ | ✔️ | ❌ | ✔️ | ❌ | (Based on 148 reviews)
| See Platform 70% of retail investor accounts lose money |
 | 9,000 | ✔️ | ❌ | ✔️ | ✔️ | ✔️ | (Based on 73 reviews)
| See Platform 65% of retail investor accounts lose money |
 | 7,000 | ✔️ | ❌ | ✔️ | ✔️ | ✔️ | (Based on 934 reviews)
| See Platform 60% of retail investor accounts lose money |
 | 2,967 | ✔️ | ❌ | ❌ | ❌ | ❌ | (Based on 277 reviews)
| See Platform 61% of retail investor accounts lose money |
 | 2,100 | ✔️ | ❌ | ❌ | ❌ | ❌ | (Based on 136 reviews)
| See Platform 75% of retail investor accounts lose money |
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