eToro Reviews Read Customer Service Reviews of www etoro com

Companies charge a fee on top of this (a percentage of the bid/offer spread) to transact an order on your behalf, known as a commission fee. Founded in 2007, eToro has more than 25 million users in 140 countries worldwide — and the U.S. is now on that list. In 2022, the company began offering U.S. customers access to stocks and ETFs. Previously, while eToro ran multi-asset brokerages in other countries, U.S. customers could trade only cryptocurrencies on the platform.

  • Here is a list of our partners and here’s how we make money.
  • Some eToro complaints also mention the level of assistance received by the platform.
  • This is split into various digital currency markets and pair types, so we will break each segment down one by one.
  • Our estimates are based on past market performance, and past performance is not a guarantee of future performance.

If you are wondering whether the eToro broker is a scam or not, I will help you find out.

What is the safest way to use eToro?

The platform – which calls itself the “world’s leading social trading network” – is now home to over 20 million traders and investors. EToro’s rise to fame in such a modest amount of time is attributed to several stand-out features. If you’re a seasoned trader then you will know that all CFD trading platforms charge overnight financing fees. There are no fees buying, but there are ‘hidden costs’, means that the unfavorable exchange rates makes them earn money.

etoro scam

With our expanding client base, there are delays in responses, but answers will always be provided. Also, our Social Teams on Twitter and Facebook are available for assistance. We have used your case numbers from Trustpilot and escalated your cases to relevant teams. We recommend researching a wide range of sources before using these services. The lack of altcoins available, particularly in the U.S., is a problem for eToro. Although some major coins are offered, other coins like Solana are missing from the U.S. lineup.

To do this, simply click on the token that you want to transfer and choose ‘send’. Then, you will need to enter your MetaMask wallet address or scan the QR code. Once your cryptos are stored in the eToro Money wallet, you will be able to send them to toher addresses. To do this, you will need to transfer your tokens from eToro Money to a decentralized wallet such as MetaMask. Once you have made a cryptocurrency purchase on the eToro website – you have two options when it comes to storage.

Why do people say eToro is a scam?

Financial regulators ensure that financial institutions comply with the rules. We have checked the registrations, and eToro is indeed registered with these bodies. This means that the company has to abide by strict rules and can’t go crazy with your money. EToro supports 19 cryptocurrencies – which ranges from Bitcoin, Ethereum, and Ripple to Dogecoin, Uniswap, and Cardano. For a full list of supported coins – scroll up to the relevant section of this review. Cryptoasset investing is highly volatile and unregulated in some EU countries.

etoro scam

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These comments may be helpful in sparking trading ideas for those new to the crypto world, but their quality is not assured. The sum of weighted values across all or some of these key factors was calculated etoro for each ranking to award each brokerage or exchange its overall rank. Margin trading, platform lending, and advanced trading were not considered for choosing the best crypto exchanges for beginners.

Is eToro regulated?

Most people do not get the power behind social trading because they suspect a scam. The DEMO section of eToro is identical to the real thing and can be used to copy other traders or even just export investment ideas that are working. Another great safe way to use eToro is to invest through its 72 Smart Portfolios.

You then have the innovative Copy Trading tool, which allows you to select a seasoned eToro investor and copy their portfolio and ongoing positions like-for-like. It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. Companies can ask for reviews via automatic invitations. An unborrowable asset is an asset that won’t be lent out to short-sellers, which might happen when there is no one willing to lend out the asset.

I have tested eToro with scam detectors

Perhaps, at the forefront of this is its social trading offering – which is essentially the Facebook of the online investment world. That is to say, eToro allows you to communicate with other users of the platform, post and reply to threads, and even ‘Like’ comments. This ultimately allows you and your fellow investors to discuss trading ideas. In all financial markets, a bid/offer spread exists for the trading of a particular asset, known as the raw market spread. This is the price the market is willing to buy or sell a particular asset at.

CopyTrader and Popular Investor are flip sides of the same coin. When users enroll in CopyTrader, they can duplicate the crypto trading strategies of leading traders, termed Popular Investors. Social media-like feeds of user thoughts and comments are present throughout the eToro platform. You’ll see a general feed immediately when you log in that broadly covers user thoughts on crypto, markets and investing. You will also pay a crypto transfer fee of approximately 2% of up to a maximum of $100 on most major coins like Bitcoin, Ethereum and XRP , to name a few.

Your data is securely stored at eToro under SSL encryption. Also, eToro actively fights parties who launder money or use the platform for criminal activities. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision. If you know which asset you want to buy or trade – use the search box at the top of the page. As you can see from the below, we are searching for ‘Twitter’ stocks.

He previously was a reporter with The Wall Street Journal and business producer for in Hong Kong, where he was based for nearly two decades. We believe everyone should be able to make financial decisions with confidence. I’ve tried to write an honest bad review dirette especially to those who are starting with online trading and have little knowledge. If I copy a good trader I have more chances to eran money from my investment compared to DIY without knowledge. That’s right, you cannot pay services with the bitcoins you buy on eToro. It is absolutely safe to have money on eToro since it is a reliable financial broker serving its customers since 2007.

The platform is reliable and the account manager mr. abdulmuti is providing great support and insight of the market and my performance. Users can find lower-cost crypto trading elsewhere—check out your options on Forbes Advisor’s listing of the best crypto exchanges. And if you want a full-featured brokerage account, see our listing of the best online brokers. The eToro platform offers an active user community and social features like news feeds for specific coins available for trading. Chatting with others and diving into social feeds can provide a great introduction to the crypto world.

The platform also offers various options with which you can manage your risks. With a stop loss, for example, you can prevent your losses from increasing too much. You can also withdraw money from your account at any time. NerdWallet’s ratings are determined by our editorial team. EToro is an online broker that was first launched in 2007.

EToro gives you access to thousands of markets – covering stocks, ETFs, forex, commodities, digital currencies, indices, and more. This highly comprehensive eToro review has covered the nuts and bolts of what this hugely popular brokerage site offers. More than 20 million clients now take advantage of low account minimums, and heaps of supported deposit methods. Customer support is offered on a 24/5 basis on the eToro platform – which mirrors the traditional financial markets. You can contact the support team in real-time via a live chat facility.

Other methods might take several business days to arrive depending on the payment provider chosen. When sending a Bank Transfer, please make sure to take the bank details from the eToro platform according to the chosen currency. I have become profitable whit them and all signals are always on point and accurate. C 🌑 m they handle the situation so well and made sure i got my money back. I love the fact that eToro is a main sponsor of SK Slavia Prague and that it can offer a free tickets to investors into VIP sector for home matches.