eToro Review

etorologoeToro is the biggest social investment network in the world. The company has developed a unique Forex trading software, fitting both novice and experienced traders alike. Its user friendly trading interface, and various trading features make the vast world of Forex trading accessible to new traders.

eToro`s easy to use trading platform makes the foreign exchange trading almost entirely intuitive and fun. eToro`s platform is also designed to make Forex trading a community oriented experience, with such advanced features as private and public chats, forums and a social trading network .

eToro for beginners:


eToro gives a great opportunity to the novice traders to practice and develop their trading skill on the free demo accounts. It enables them to learn the tough lessons of online trading without risking any of their money. This way, beginners can get a fundamental understanding of the Forex market before they go for real money trading. In addition eToro provides its traders with easy for understanding and analyzing charts and trading tools. Here you will find step by step instructions, tutorials, professional support and the detailed reports of your trading activity.

eToro for professionals:


eToro`s forward thinking approach combines all the advantages of the Forex market, namely its scale, its liquidity and its extent of opportunity. The company offers all the advantages of online technology, in order to create a user friendly access to an enormous and complex industry of Forex trading. eToro provides you with an advanced trading features that will make your trading accurate and professional. Overall, eToro has produced the ultimate trading environment, where traders can learn, develop, communicate, and grow according to their individual needs.

eToro OpenBook and CopyTrader:

etoro-copy-traderOnce you register with eToro for either real or demo account you will automatically get a free access to eToro’s social investment network OpenBook. eToro OpenBook has made a revolution in online trading. In the OpenBook application you can see trading profiles of all eToro real traders with all important data about their trading activity: gain/profit, trading frequency, traded instruments, leverage, money management etc.

The eToro OpenBook allows you to search traders’ profiles and find the most successful traders in eToro trading network. Once you find your favorite traders you can follow and automatically copy all their trading positions in your eToro trading account using an awesome eToro CopyTrader tool. With the help of the eToro CopyTrader feature you don’t have to spend hours by analyzing the market to figure out what to trade. eToro’s best performing traders will do it for you! You just need to choose which traders you want to copy.

Join eToro OpenBook now for free >>

eToro’s Main Features:

Broker type: ECN broker (not a Market Maker)
Min. deposit: $50
Bonus: up to $10,000 for first deposit
Community: private and public chats, forums, demo and real trading, social trading network.
Trading: Forex (20 major currency pairs), Commodities (Gold, Silver, Oil), Indices (10), Stocks (58)
Trading instruments: different types of orders, charts, graphs, top 100 trading insight, news, calendar, technical analysis instruments.
Deposit methods: Credit Card (Master and Visa), Paypal, Moneybookers, Neteller, Wire Tradinsfer, Western Union, Webmoney.
Withdrawal methods: Credit Card (Master and Visa), Paypal, Moneybookers, Neteller, Webmoney, Wire Transfer.
Regulation: eToro’s brokerage services are provided by the fully regulated brokers: Retail FX (Cysec regulation), FX Solution (NFA regulation), ICMarkets (ASIC regulation).
Teaching: eToro’s advanced trading academy presents: scheduled weekly webinars, beginner and advanced courses and trading videos.

Update (1.04.15): according to the latest data, eToro’s network has grown to over 4 million registered users.

join etoro button

Related Articles:

eToro OpenBook – See, Follow and Copy The Best Traders
eToro – Perfect Choice For Both Pro And Novice Traders

27 comments on “eToro Review
  1. SG trader says:

    I am already trading with eToro and want to say that it is a very friendly and nice trading platform. The support is good and the withdrawals are fast enough. You will have to send some copies of your documents in order to withdraw your funds though.

    eToro Webtrader is very easy to use and can be opened on the iPad. So when I am sitting in the cafe during a lunch break, I take my iPad with me to check my trades 🙂

  2. Jun Li says:

    I equare about this broker. I read many good revews about etoro in the internet. Now I trade in demo of etoro.

  3. Mali Suen says:

    I joined eToro about a half a year ago. So far so good. Made some profits in my real account and successfully withdrew my money to Paypal. What I like about etoro is that the platform interface is good looking and easy to use. It takes few seconds to open a trade and close it. for such an eager for profits trader like me, this is a great feature. There are also trading championships. if you make good profits during a week, you see what place you are in the championsh every week and receive real money to your trading account as a prize you win.

  4. Mohd Hussin Bin Ismail says:

    I am a Malaysian n if I open an account n trade with etoro pls clarify the following:
    a)can I opened an account through a bank
    b)if I do make a profit,can I withdraw.any restrictions by MAS(Monetary Authority of Singapore)
    c)can I get more info on the company-etoro

  5. admin says:

    Hi Mohd Hussain Bin Ismail,

    You can register for eToro trading account and fund it through your bank, by wire transfer. You will get the instructions of how to transfer the funds inside your eToro trading account cashier.

    There are no any MAS restrictions in order to withdraw your funds from eToro trading account. Do it according to eToro’s rules stated on their website.

    You are welcome to visit eToro’s website and contact their support team for any questions about the company.

    We wish you successful trading, Admin

  6. lengsanoo says:

    may I know what is ECN and market maker?
    Is market maker better or ECN?

    thank u?

  7. admin says:

    Hi Lengsanoo,
    We have just published a new article about the ECN brokers:
    We hope it will help you and other traders learn more about different types of brokers and make a correct choice of a Forex broker.

  8. bryan says:


    from my understanding an ECN broker uses a trading platform client (i.e. metatrader, etc..) rather than using web based interface for trading.

    would u be able to clarify this?

  9. admin says:

    Hi Bryan,
    A trading software/platform that a broker is using doesn’t tell if the broker is a market maker or an ECN broker. The type of a broker is distinguished by the way the broker operates. A metatrader platform or a web based platform may be used by both market maker and ECN brokers.

    Let me know if you have more questions.


  10. anne says:

    may I know do you have shariah or islamic trading account?how much do I need to trade mini account?Thank you.

  11. admin says:

    eToro’s real accounts are islamic trading accounts. In order to trade mini lots, every trader may choose the size of a lot before opening a trading position.

  12. eddie641 says:


    i see from the withdrawal FAQ from etoro, for the first time of withdrawal there are some documents we need to scanned and submit to you guys. The documents can it be like

    – Identification Card ( both side)
    – phone bill

  13. admin says:

    Hi Eddie,
    like all other legitimate and regulated brokers, eToro traders are required to send copies of necessary documents for the first withdrawal: the trader’s ID (copy of a passport or driving licence), utility bill (phone, water or electricity bill) and a copy of the credit card only if it was used for depositing of a trading account.
    This process is done to verify an ownership of a trading account and increase the security of traders’ investments.

  14. Gina says:

    hi i opened and account in etoro but i haven’t funded my account yet. I am still thinking of which way that my fund will be credited fast so i can immediately trade. As per the option given by etoro to fund the account it seems that the credit card is the fastest way to do so. My question is as singapore credit card is barred from having forex transaction is it possible if i could ask my friend who is a Filipino and has a philippines credit card to fund my account using her credit card?

  15. admin says:

    Hi Gina,
    eToro offers different methods of quick funding of a trading account. Beside a credit card you can use Paypal, Moneybookers or Webmoney that allows to transfer the funds within a minute and start trading. Good luck!

  16. Derick says:

    Hi, is the spread for eToro fixed? Will there be big flatuations during economic news release? If yes, how much difference? Thanks!

  17. admin says:

    Hi Derick,

    We are trading with eToro for a while and never saw that their spreads are changing during the economic news release. eToro spreads are fixed.

  18. victor says:

    Is It true that singapore credit-card cannot use to fund fx account?

  19. Maxitrader says:

    I use my SG debit card. My friend is using his sg credit card to deposit to eToro.

  20. Andrew K says:

    I was keeping in eToro in my mind for some time and after reading your review decided to join. Though it is only 2 days since I joined eToro, I would like to say thank you for recommending eToro to me. Started copying some traders and my account has started growing. 8% growth in 2 days

  21. Sarah Milton says:

    I find eToro a very interesting choice of investment opportunity. Also I heard that this is a very good broker.

  22. Lion King says:

    Hi I heard a lot about eToro and also my friend is using their copytrader. I hear only good things about this company.

  23. Lea D says:

    I am a professional Forex trader and I thought that eToro is for beginners. After I joined I really loved this platform. It is by far the most pleasant trading environment I have ever seen

  24. gopalan kandasamy says:

    I am singapore PR, Can i do fund to account through bank (wire transfer) & and also withdrawal through bank (wire transfer). Please advise any restriction from MAS for funding & withdrawal.

  25. admin says:

    Hi, yes of course. You can use wire transfer for depositing and withdrawing your funds. I never heard of any existing restrictions from MAS.

  26. RAS says:

    Hi – Can I use Singapore credit card to fund my account and later withdraw the funds to my bank account via wire transfer

  27. admin says:

    Hi, usually you get your withdrawals the same way as you deposit. But if your withdrawals are higher than your initial deposit (in case you make profits), you can use an alternative withdrawal method with eToro.

    I wish you successful trading

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