Hard Forking News and Tutorials about Bitcoin & Cryptocurrencies
  • Home
  • Beginners
  • Reviews
    BitMEX Review

    BitMEX Review

    CoolWallet S Review

    CoolWallet Review

    Trezor Wallet Review

    Trezor Wallet Review

    Ledger Wallet Review

    Ledger Nano S Wallet Review

    Huobi Review 2018

    Huobi Review

    Changelly Crypto Exchange Review

    Changelly – Exchange Review

    Coinbase Review

    Coinbase Review

    BitPanda Review

    eToro Review

    eToro Review

    SimpleFX - Crypto Trading

    SimpleFX Review

    Binance Cryptocurrency Trading Exchange

    Binance Review

    CEX.io Review

    CEX.io Review

  • Get a Wallet
  • Crypto Culture
    Crypto Art – The investment you need to know about

    Crypto Art – The investment you need to know about

    The Truth About Crypto

    The Truth about Crypto

    Bitcoin Music Videos 2019

    Music Videos of Bitcoin – The Good the Bad & the WTF

    Crypto Art

    The Art of Crypto

    The Carnivore Diet

    The Carnivore Diet

    Your introduction to Bitcoin

    Crypto Culture

    Hardforking TV Production Studio

    What has the Hardforking Team been up to?

    Hodler or Hater, Hardforking in Bangkok

    Hodler or Hater, Hardforking in Bangkok

    Altcoins, Love em or Hate em – Johnny Knows em

    Altcoins, Love em or Hate em – Johnny Knows em

  • About Us
  • Buy Bitcoin
  • Bitcoin Price Chart
  • Resources
No Result
View All Result
  • Home
  • Beginners
  • Reviews
    BitMEX Review

    BitMEX Review

    CoolWallet S Review

    CoolWallet Review

    Trezor Wallet Review

    Trezor Wallet Review

    Ledger Wallet Review

    Ledger Nano S Wallet Review

    Huobi Review 2018

    Huobi Review

    Changelly Crypto Exchange Review

    Changelly – Exchange Review

    Coinbase Review

    Coinbase Review

    BitPanda Review

    eToro Review

    eToro Review

    SimpleFX - Crypto Trading

    SimpleFX Review

    Binance Cryptocurrency Trading Exchange

    Binance Review

    CEX.io Review

    CEX.io Review

  • Get a Wallet
  • Crypto Culture
    Crypto Art – The investment you need to know about

    Crypto Art – The investment you need to know about

    The Truth About Crypto

    The Truth about Crypto

    Bitcoin Music Videos 2019

    Music Videos of Bitcoin – The Good the Bad & the WTF

    Crypto Art

    The Art of Crypto

    The Carnivore Diet

    The Carnivore Diet

    Your introduction to Bitcoin

    Crypto Culture

    Hardforking TV Production Studio

    What has the Hardforking Team been up to?

    Hodler or Hater, Hardforking in Bangkok

    Hodler or Hater, Hardforking in Bangkok

    Altcoins, Love em or Hate em – Johnny Knows em

    Altcoins, Love em or Hate em – Johnny Knows em

  • About Us
  • Buy Bitcoin
  • Bitcoin Price Chart
  • Resources
No Result
View All Result
Hard Forking News and Tutorials about Bitcoin & Cryptocurrencies
No Result
View All Result
Home Reviews

eToro Review

Leveraged Social-Trading with Cryptocurrency and Traditional Capital Markets

Sean by Sean
in Reviews
0 0
0
eToro Review
Share on FacebookShare on Twitter

Table of Content

  • 1 A leveraged broker with a difference
  • 2 Ease of Use
  • 3 eToro Fees
  • 4 eToro Support
  • 5 eToro Limits
  • 6 Reputation
  • 7 Security
    • 7.1 The Review
  • 8 e-Toro
    • 8.1 PROS
    • 8.2 CONS
    • 8.3 Review Breakdown

A leveraged broker with a difference

eToro is a leveraged broker with a difference.  They describe themselves as The World’s Leading Social Trading and Investment Network.

There are two main ways to use this exchange.  The social trading section is very interesting and, in a nutshell, gives you the ability to check the performance of other traders on the exchange and choose to copy their trades automatically through the site.  The second way to use eToro is simply buying and selling your own trades as normal.   They have a diverse variety of crypto markets, FX, commodities, stocks, indexes and even ETF’s available to trade with varying levels of leverage.

Check out what eToro has to offer

Leverage available for each sector:

  • Stocks ranges between x5 and x10
  • Currencies ranges between x50 and x400
  • ETF’s are x5
  • Commodities and indices ranges between x10 and x100
  • Cryptocurrencies (no leverage)

e-Toro Watchlist

Ease of Use

We honestly think this is the easiest to use exchange we’ve ever seen.  The layout is extremely user friendly, very easy to navigate and has a great selection of ways to view and manage your portfolio.

Copy-trading is as easy as it gets. eToro has a list of traders who opt to share what they are trading so other users can copy them.  Almost like an investment fund, you are able to search through lists of profitable traders/funds, and based on their past-performance, invest as much of your portfolio as you wish in what they are trading.  The site will automatically use the equity you wish to allocate, to enter and exit their trades.  If the trader you are copying makes money, you make money.  Of course, if they lose, you lose too.  But if you’re looking for a very simple way to enter markets with almost none of the work required, then copy-trading can be a valuable option.

Copy-Trading on e-Toro

For standard buying and selling on the exchange, the platform can actually be a little too simplistic.  More sophisticated traders will probably be looking for a bit more control, but regardless, eToro is still very functional and allows traders to buy and sell a wide variety of instruments quickly and easily.

Buying and selling on e-Toro

eToro Fees

All deposits are in USD and are free, minus any required exchange rate if USD isn’t your depositing bank’s currency.

Withdrawals come with a standard $25 fee for any amount.

The fee structure for trading is based on spreads which are vastly different for every instrument you buy or sell.  Overnight fees vary on each instrument, also depending on whether positions are long or short, you will either pay or accrue equity from open positions.

The fee structure on eToro is actually a little complicated and over-priced in many instruments.  This simply means do your homework before you invest in anything as swaps can add up and spreads can be wide and unforgiving.e-Toro Fee Structure

eToro Support

eToro is a well-established company and has been in operation since 2007.  They have a long record of good customer support on various channels through their website and company addresses.

eToro Limits

Your account will need to be verified by your I.D. and proof of address.  This exchange is properly regulated, and you can expect to be asked for tax I.D. too.  All this regulation means your funds are safe and insured.  If you’re used to unregulated crypto-markets and exchanges, then this may seem a bit intrusive.  But in finance, regulation and insurance are standard and if you are serious about investing for the long term, this is something you are going to have to engage with.

Reputation

eToro has been building its reputation as a user-friendly, global, CFD brokerage.  Since 2007 it has added many features and grown a user-base in 140 countries.  It’s not a standard, unregulated crypto-exchange.  It’s firm business model, in a highly regulated market-space, has allowed them to grow successfully across the world.

etoro exposure

etoro reviewed

Security

As eToro is regulated brokerage, and all deposits are held in USD.  You can deposit from a credit card or bank acc. from your home-country’s fiat currency and eToro will convert the deposit into USD.  You cannot hold cryptocurrencies or any other currency apart form USD.  However, your funds are as safe as their business.  There is no chance of your coins/money being hacked as this exchange operates in the traditional banking system – they do not take crypto-deposits, plus if you buy crypto on the exchange they hold them and you cannot withdraw.  All funds are credited and withdrawn through standard banking channels.

Visit eToro

Read more reviews here.

The Review

e-Toro

95% Score

e-Toro is super easy to use!  Its platform is well designed, executes very nicely and has a great range of features to help you see where your money is invested.  There’s a great tutorial feature that will take you through the UI, and with the ‘demo’ account they also offer, you can test out the exchange and try everything without risking any money.  The copy-trades and copy-funds are an excellent way to invest in your chosen market with automatic trades the exchange can facilitate for you.  As a more sophisticated investor you may go looking for more detailed trading UI’s and order options, but for beginners and veterans alike this exchange has a lot of value.  There are no concerns about wallets being hacked or funds going missing.  And for us, being able to very easily find and invest in the portfolios of a whole list of popular traders is a great addition to any search for value.

PROS

  • Excellent User Interface
  • Simple and clear view of your portfolio and funds
  • Secure USD deposits and withdrawals
  • Wide variety of tradable instruments
  • Leverage available
  • Ability to copy other traders automatically
  • High level of account security

CONS

  • Can have wide spreads
  • Possibility of expensive overnight swaps
  • Account verification necessary

Review Breakdown

  • Ease of use 0%
  • Fees 0%
  • Support 0%
  • Limit 0%
  • Reputation 0%
  • Security 0%
Tags: Capital Marketscopy-tradingCryptocurrenciese-Toroe-Toro ReviewSocial-Trading
Sean

Sean

My passions are Bitcoin, good Crypto-projects and media creation. I live and breathe this fascinating industry. Its my mission to bring you entertaining, informative, thought provoking content. I believe in Bitcoin. I believe many Crypto projects are just marketing hype. I strongly believe we need to find the facts, the good people and projects. Lets do that together.

Related Posts

BitMEX Review
Reviews

BitMEX Review

CoolWallet S Review
Reviews

CoolWallet Review

Trezor Wallet Review
Reviews

Trezor Wallet Review

BitMex Leverage Trading

Trending on Hardforking

  • Step by Step Guide to Coinmama and Wallet Setup

    5 shares
    Share 5 Tweet 0
  • Crypto Art – The investment you need to know about

    0 shares
    Share 0 Tweet 0
  • The Carnivore Diet

    0 shares
    Share 0 Tweet 0
  • Coinmama Review

    2 shares
    Share 0 Tweet 0
  • Upcoming Ethereum Hard Fork – What you need to know

    1 shares
    Share 0 Tweet 0

Buy Bitcoin From One of the Top 4 Currency Exchanges, Trusted and Used by Millions of People Worldwide!
Buy Bitcoins with a Credit Card

Sign up for our Newsletter

Average Score

95%
  • Ease of use 0%
  • Fees 0%
  • Support 0%
  • Limit 0%
  • Reputation 0%
  • Security 0%

PROS

  • Excellent User Interface
  • Simple and clear view of your portfolio and funds
  • Secure USD deposits and withdrawals
  • Wide variety of tradable instruments
  • Leverage available
  • Ability to copy other traders automatically
  • High level of account security

CONS

  • Can have wide spreads
  • Possibility of expensive overnight swaps
  • Account verification necessary

Meet the Forkers

We are a Global team of analysts, miners, traders, consultants, and content creators. Our mission is to help grow the adoption of Bitcoin, Blockchain and good Cryptocurrency projects.

A Hard Fork creates new coins and we want to create a new and better understanding of this fast-paced industry. If you’re here to learn how to buy your first Bitcoin, to debate technical subjects or want to help others learn more, there is a place for you. Come and join us! Be part of something that will change the way we all live. Let’s do this!

Participate

  • Buy Bitcoin
  • We are Hiring

Other Services

  • Privacy Policy
  • Terms of Service
  • Contact Us

Categories

  • Help for Beginners
  • Crypto Guides
  • Analysis
  • Commentary
  • Mining
  • Wallets

Resources

  • The Best Bitcoin Exchanges 2018
  • Top 10 Crypto Live Updates
  • Step by Step Guide to Coinmama
  • Technical Analysis
  • Crypto Tweets of the Day
  • Play Poker with Cryptocurrencies
  • Press Releases
  • Other Resources

Follow us on TwitterConnect on LinkedInGive us a like on FacebookSubscribe to our YouTube Channel

© 2019 Hardforking.com

  • About Us
  • Privacy Policy
  • Come Join Us
No Result
View All Result
  • Home
  • Beginners
  • Reviews
  • Get a Wallet
  • Crypto Culture
  • About Us
  • Buy Bitcoin
  • Bitcoin Price Chart
  • Resources

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In