eToro Trading Platform Review’s unique social trading features, along with its intuitive design and commission-free stock trading, make it one of the most beginner-friendly platforms out there. Its CopyTrader system is also a major draw for social and casual traders, while its wide asset selection and educational content help to attract more experienced investors too. Fees, however, are higher than some competitors.
Investors who have opened individual brokerage accounts with eToro are able to trade the majority of global assets, including stocks, commodities, currencies and cryptocurrencies. Unlike some other brokers, the company does not offer joint, retirement or custodial accounts in the United States, which can be a drawback for some users.
eToro Trading Platform Review: Fees, Features, and Performance
Traders can find a wide range of educational resources in the online learning center, which is organized by investment categories and experience level. These include dozens of videos and articles that can help traders develop a comprehensive understanding of the markets, and they are an excellent resource for beginners and casual traders.
eToro also has an extensive charting tool that offers traders 66 different indicators and 13 drawing tools, as well as a number of customizable layouts. However, the software can be a bit buggy at times, and it is missing some key features such as the ability to save watchlists. In addition, eToro does not allow fully automated trading systems like those supported by MetaTrader, which can be a drawback for more advanced traders. The broker, which was founded in 2007 in Tel Aviv, currently has 30 million users worldwide.