Market Overview

eToro Review 2020 – Read Before Make The Decision


Although eToro is a major player in the field of CFDs and cryptocurrency trading, the firm now still has far much to do than this. For over a decade, they headed the Fintech movement and built up a reputation as the world's largest financial trading network. The business began as a general trading firm then introduced cryptocurrencies and other trading instruments to keep up with evolving markets and rising demands. 

We are among the leaders of introducing social apps in the form of CopyTrading and CopyPortfolio to their website. Currently, eToro counts more than 6 million subscribers, ensuring its position as a pioneer in the industry.

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What is different in eToro?

One of the most important aspects that eToro stands out from other websites is the overwhelming amount of available investment and trading choices.   Customers will profit from the same network as conventional investments for their cryptocurrency trading needs because of various means of investing and trading. The eToro social components make it interesting, too. 

One example is CopyPortfolio, which is a long-term thematic investment with a fixed approach in the form of a balanced fund bundling funds and top traders. The potential to replicate effective traders' investments is likewise revolutionary, as is the Famous Investor software.

Origin of eToro

eToro launched in 2007 with three businessmen who wanted to make the exchange more available to daily users. We have decided to reduce dependence on banks and other conventional financial institutions. As an online trading site, eToro started with graphs describing financial instruments and an intuitive interface. eToro released WebTrader, the trading website, in 2009 with a collection of technical platforms for traders at all ability levels.

In 2011, OpenBook, the world's first virtual exchange site, represented a major move forward. This included the then-new feature of CopyTrader which enabled everyone to copy effective traders.

In 2012, eToro attached products, including currencies and services, to its other reserves.

The eToro smartphone app released for both Android and Apple in 2013, broadening the platform's scope. This is also the case when eToro dipped into crypto so that Bitcoin could be exchanged via CFDs.

With an ever more creative and responsive interface the company revamped the design in 2015.

eToro added CopyPortfolio in 2016, managing portfolios that bundle different assets or top traders within the framework of a market strategy.

In January 2017, eToro broadened its range in the cryptocurrency community by introducing support to the forum for trading crypto. This started with several common cryptocurrencies, among them Ethereum, Litecoin, and XRP.

They introduced eToroX in 2019, complete crypto to crypto exchange.

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Trading tools in eToro

This website intends to inform traders and to provide them with an investing forum. After enrollment, eToro participants are granted $100,000 for "virtual-money accounts" so they can practice on tactics and expertise before spending some real money. It also offers several other resources, such as an economic calendar, to assist with real trading. Simply join the dates and time zone you want to see and the funds you are selling. 

Then, the calendar will display how activities are going to affect your money. This also offers daily industry analyses in great depth and simple overviews, and you can use as much or as little details as you want. Each commodity on the platform that is tradable has its own page where you can display comprehensive statistics, data, maps, and analysis.


Last year it introduced CopyPortfolio to the eToro website. This functionality is essential for both the exchange in cryptocurrencies and standard fiat trades. This creates a single tradable asset consisting of a predetermined strategy's carefully selected assets, or traders. The eToro Investment Committee sets up the CopyPortfolio and regularly rebalances them. Several CopyPortfolio on cryptocurrencies is eligible for investors to select from. 

One of these is named "Cryptocurrency," which offers Ethereum which Bitcoin publicity. The fund saw a rise of 66 percent in the cryptocurrency bull run of May 2017. This fund produced more than 125 percent of income during the first three months. Another alternative is called "crypto copyportfolio." This is a more recent CopyPortfolio composed of a structured collection of cryptocurrencies that comprises Bitcoin, Ethereum, Ethereum Classic, Litecoin, Dash, and Ripple.


CopyTrading is another exciting choice on eToro which you can use for investment in crypto and fiat. Copy trading is an innovation that allows users to look through other traders' track records and copy them, meaning their trades will be mirrored. Traders may become "Common Investors" if they have a low-risk score and have predictable returns. Then, they get bonuses for expressing knowledge. Through exploiting CopyTrading and copying an investor who has cryptocurrencies in your portfolio, you will get market access without needing to do too much work on your own.

Minimum Trade Size with eToro

eToro is proud to provide instruments that can be utilized by buyers and traders at all levels of expertise to restrict the usage of minimum trades.

1. The required quantity for manual positions is dependent on the unit. For currencies and commodities, it's just $25.

2. For stocks, it is $50.

3. For ETFs and indices, it is $200.

4. You must have $200 to participate in CopyTrading and make a minimum investment of $5,000 for CopyPortfolio.

For those who enrolled on or after April 2, 2017, the size of a minimum transaction is contingent on access, in the context of leverage periods of the sum invested. For cryptocurrencies this minimum amount is $200. The minimum price is $500 for ETFs and supplies, $2.500 for commodities, and $5.000 for indices, and Forex. For an indication of this exposure-related strategy, if you are opening an x1-leverage crypto-trade, you will spend at least $200. However, if you've chosen to invest $100, you need minimum leverage of x2.

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eToro Charges

As an exchange, eToro draws its profits from the different fees it charges. No fees are charged on eToro when opening a position, but instead the fee is generated based on the spread. It has a set of minimum premiums for increasing cryptocurrencies and there's no promise for certain prices. The team points out that the distribution will differ according to liquidity and market conditions. The day-to-day break spreads are as follows: 1.5% for BTC, 5% for BCH, 3% for DASH, 2% for Ethereum, 5% for ETC, 3% for LTC, 5% for NEO, 5% for XLM, and 3% for XRP.

Cryptocurrency trading is available 24/7 and no overnight or weekend trading costs apply. Instead, eToro only pays fees for users with Ethereum or BTC roles leveraged, or for cryptocurrencies shorting. The team does find out that there will be improvements to the different payments.

Deposit and Withdraw on eToro

There are several methods of depositing on eToro, so you should pick the one that adequately fits your needs, keeping in mind that various methods have specific minimum deposits. The deposit can be made through wire transfers, bank transfers, Visa, MasterCard, NETELLER, PayPal, Yandex, Webmoney UK, Skrill, and others.

You need to fill out an application to withdraw and then usually collect the money through PayPal, a bank transfer, or a credit or debit card. You would require a backup of your signature, color image of your passport, and proof of address to revoke.

eToro Wallet

Current eToro users are already able to sign in to the wallet directly to transfer and store cryptocurrencies, whereas in-wallet conversion of assets is also possible with only a few clicks, as well as collecting and transmitting funds through sharing the wallet address by using a QR code. The eToro Wallet has the following functionalities:

    -Manage and store multiple cryptocurrencies

    -Exchange crypto for crypto

    -Transfer cryptos from their eToro accounts (limited to certain coins and Gold accounts and above)

Buying crypto with credit card

eToro consumers may also use a credit card to purchase cryptocurrencies directly from the eToro wallet. The investment platform has collaborated with a well-known third-party payment provider Simplex, allowing eToro to combine payments from Visa and MasterCard. You can follow the steps below to purchase crypto through your credit card that will be transferred to your eToro Wallet.

    -Open your eToro Wallet

    -Click on the "BUY CRYPTO" section of the wallet and select your preferred coin and amount that you would like to buy

    -Enter your payment details into Simplex's billing form.

It is important to note that Simplex can choose to approve or decline your application immediately, as well as request further documentation or identity proof. These may include documentation issued by the government or a selfie photo. The foregoing rates and conditions relate even to this program.

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eToroX Security

The exchange provides a range of cutting-edge protection mechanisms and these involve automatic data encryption, utilizing a special protected system to avoid CSRF attacks. The team also built its computational backlog system focused on the N.N deep learning framework that aids in decision making and integrates numerous analyses of PT and Code. User accounts are further protected because all eToroX users are needed to complete Level 3 Identity Verification, and dual-process authentication is necessary to upgrade financial account records.

Also, the platform incorporates two-factor authentication (2FA), restricts access attempts, and allows the use of whitelisting identification mechanisms to avoid malware attacks. More strict forms of protection involve all employee workstations being secured and tested based on various security measures like manipulation and traps, whilst the custody system for the exchange is focused on a three-level FIPS140 custodian method with various distinctions between the separate environments. 

These include a warm environment or a solution secured by the process engine, a cold, secured isolated gap environment, and an isolated, deep, military-grade, environment. On top of this, eToro has been operating in Fintech since 2007 and has established regulated entities in Cyprus, UK, USA, Australia, and South Africa, with Gibraltar now becoming its sixth jurisdiction.

Account Verification

The administrative standards of Gibraltar require that every new account needs to be checked as part of the authentication process and the exchange strives to automate as far as possible the verification process. It will take up to two business days to validate your account after you have sent all the details and reviewed all the required documentation. New users are expected to submit paperwork to help confirm their identification and residency, and they may be questioned for the following details.

    -Proof of Identity (POI) Document

    -Proof of Identity and Selfie (POIS)

    -Proof of Address (POA) Document

Your POA document can be Bank Statement, Utility Bill (Electricity, Water or Gas), Tax (Council, State, or Country Tax Bill).

Is eToro Safe?

To offer users peace of mind, eToro is taking measures to ensure security. The entire company is fully regulated, and adheres to FCA and CySEC guidelines. It offers a range of tools for all levels of experience to help traders make responsible decisions, such as first step guidance and risk-management features. Also, eToro takes care to ensure that clients' funds and personal details are safe. Traditional funds in European tier 1 banks remain stable.


Even though eToro is based more than just on cryptocurrency trading, it is a valuable forum for anyone who invests in or trade in cryptocurrency. The additional features of eToro, like CopyPortfolio and various graphs, are what give it an edge. Also, the platform is very intuitive, something that will appeal to everybody. While eToro won't be ideal if you want to trade in less popular cryptocurrencies, it is an excellent option for those who only care about the major ones or want to use the same platform for both fiat and cryptocurrencies trades.

It is also a great platform for regular stock and Forex trading, or just investing in pre-built portfolios in various industries. This analysis has been revised since the introduction of eToroX, where Cryptocurrency owners have the option to directly buy and retain crypto-assets. It is a fantastic addition to the program, which is now well placed inside the room. We've been using eToro for years now and have had no issues with it, deposits and withdrawals are handled easily and efficiently so you're not going to have to think about your funds' health. For several years, eToro has proved to be trustworthy within the industry and is strongly recommended.

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75 % of retail investor accounts lose money

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

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.

Cryptocurrencies are a highly volatile unregulated investment product. No EU investor protection.

Past performance does not guarantee future results. Trading history presented is less than 5 years and may not suffice as basis for investment decision.

The information above is not investment advice.

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