eToro – Forex Brokers Review & Rating
eToro is a social trading and multi-asset brokerage company that focuses on providing financial and copy trading services. It has registered offices in Cyprus, Israel, the United Kingdom, the United States, and Australia. In 2018, the company’s value was $800 million.
- Start year: 2007
- Country of origin: Cyprus
- Regulation: CySEC, FCA
- Broker Type: Market Maker
- US Traders: No
- Payment options: Credit/debit cards, Neteller, Perfect Money, QIWI, RBK Money, Skrill, WebMoney, Wire transfer
- Minimum account size: $50
- Minimum lot size: 0.01 lot
- Leverage: 1:400
- Spreads: 0.01 pips on EUR/USD
Trade Markets on eToro
There are hundreds of different financial assets to trade on eToro, across several categories: commodities, cryptoassets, currencies, indices and ETFs. Each asset class has its own characteristics, and can be traded using a variety of investment strategies. Some positions on eToro involve ownership of underlying assets, such as long (BUY), non-leveraged positions on stocks and cryptos. Other employ CFDs, which enable a variety of options, such as leveraged trades, short (SELL) positions, fractional ownership and more.
eToro offers 2,000+ financial instruments across various classes, such as stocks, crypto and more. To explore more visit the Trade Markets Page.
To enable eToro clients to use advanced trading features, such as leverage and short (SELL) orders, and to offer financial instruments that normally cannot be traded, such as indices and commodities, eToro utilises Contracts for Difference (CFDs). To read more about CFD trading, click here.
eToro operates in a multi-regulatory environment: eToro UK under the FCA, eToro EU under CySEC and eToro Australia under ASIC. Different types of clients are allowed to open an account under EU regulation:
Retail Clients – Quite simply, a Retail Client is a client who is not a Professional Client.
Professional Clients – Elective Professionals are those who have successfully passed a test to determine their suitability to qualify as a Professional Client.
Negative balance protection – Although not required by law, in the rare occasion in which market conditions cause your account’s balance to go negative, eToro will absorb the loss and balance your account – just like for a Retail Client account.
Leverage – As a Professional you will be allowed to open positions with a leverage of up to 1:400 for certain instruments and will receive a reduction in your current margin rates.