The platform’s simple and intuitive interface makes it easy for newcomers to navigate, whilst its social trading aspect allows beginners to learn from more experienced traders. Nonetheless, eToro calculates sentiment data solely from top traders’ trades, distinguishing itself from typical sentiment tools offered by brokers that rely on all user data. This approach resembles CMC Markets’ display of sentiment data. The app is also reliable and responsive, with real-time data that helps me make informed decisions. Overall, eToro provides a fantastic and accessible platform for anyone looking to engage with the financial markets. Another key point debunking the misleading claims that eToro is a scam is the fact that this broker is endorsed by many traders.

In addition, eToro offers a comprehensive FAQ section on its website which covers many common topics such as account opening procedures, deposits and withdrawals, trading strategies and more. The FAQ section also includes detailed explanations of all the different features offered by the platform as well as helpful tips and tutorials on how to use them. Having discussed the legitimacy and regulation of eToro, the next step is to look into what customers have to say about their experiences.

Deposits & Withdrawals

• Trading disruptions are situations in which markets cease to function regularly, usually defined by fast and extensive movements in the market.
• This is a high-risk investment and you should not expect to be protected if something goes wrong.
• EToro offers a highly polished mobile app for both iOS and Android devices.
• CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

EToro has a significant client base and operates under the supervision of multiple financial regulatory authorities. However, trust ultimately depends on various factors such as individual experiences, the understanding of risks involved in trading, and personal preferences. EToro is a legitimate company registered in several highly regulated jurisdictions and is one of the most recognized platforms for online trading. I find eToro’s customer service options to be somewhat lacking for a broker of its stature, hence only a reasonable customer support rating. Importantly, deposits to a live account are free, but a withdrawal fee of $5 applies (plus a frustrating minimum withdrawal of $30). However, Platinum, Platinum+, and Diamond Club members enjoy discounted withdrawal fees, among other perks.

My account manage Callum Frame has…

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This allows investors to make informed decisions about which investments are best suited for their individual needs and risk tolerances. All of these features come together to create an environment that helps investors become better informed about their investments and make more profitable trades with confidence. For those looking to trade stocks, ETFs and other investments, there is no charge for opening an account with Etoro.

We found the mobile charting tools extremely limited in comparison to other platforms. Below you’ll find thumbnails of several investors, these are traders that eToro’s editors choose to feature above others. This is something we don’t like that much, there are plenty of brokers out there that don’t charge for withdrawals. Ultimately it’s up to you to decide if eToro is a good fit for your investment goals. With the right approach, it could be a great way to make money from home.

They took my money! Debunking the Etoro scam myth

Customer reviews can provide insight into how reliable a service is and whether users are satisfied with their services. It’s licensed by several international financial authorities, including the UK Financial Conduct Authority, the Cyprus Securities and Exchange Commission, and the Australian Securities and Investment Commission. All these organizations are responsible for ensuring that eToro adheres to strict regulations designed to protect users’ funds and data.

Need any legal contract signing between trader & Etoro?

Most traders who think they’ve been given the wrong end of the stick are those who have misunderstood the platform and the trading conditions. Some traders are upset about losing their money when they didn’t follow the terms and conditions of using the platform. I haven’t had an issue with anything I knew was a mistake on my behalf. Anything that was the mistake of eToro was quickly rectified and compensated. A key feature of eToro is that the source of the deposit funds is the same destination as withdrawals. This is laid out when you sign up and highlighted in their terms and conditions.

Web Platform

If you deposit Credit Card A , withdrawals will go back to Credit Card A. If that card is no longer valid/lost etc, you’ll need a letter from your financial institution stating that. You can present this to eToro and request a new withdrawal location. Where a lot of new traders come unstuck is not reading the terms and conditions properly.

• The scammers would claim they’re trying to secure your account as someone is attempting to hack it.
• For swing trades it’s perfect but for fast in and out trades maybe not the best choice.
• Love the platform and the support has been excellent.Harry from the team is helpful and very responsive to queries.
• In our current work from home environment, the number of users of the eToro platform jumped significantly.

If so, go to this page, or send an email to to report the incident and seek help. EToro also charges fees on forex, cryptocurrencies (1%), and other CFDs. Install trusted antivirus software on your computer and mobile devices and set them to scan regularly.

Trust. Credibility. Industry Leadership. Finance Magnates Awards 2025

They’re alleged to have taken more than $100 million in crypto, baiting investors on crypto trading forums, and etoro sending them to phishing sites that mimicked popular cryptocurrency exchanges. People have been scamming since the dawn of modern civilization — that’s really nothing new. But in the world of cryptocurrency, a “scam” has acquired a new meaning. Scams often refer to suspicious startups and initial coin offerings (ICOs). When a project seems mostly useless, and the idea behind it a little dubious, you’re most likely dealing with a scam.

Please note, some markets may only be available via CFDs or other derivatives. These regulatory bodies impose strict standards and guidelines that eToro must comply with, ensuring a certain level of security and protection for retail investors. EToro’s YouTube channel also hosts a considerable number of videos, including archived webinars and market analysis. The only real downside for me is that differentiating between research, promotional, and educational content can be challenging and frustrating. With this, you get access to 9 chart types, including hollow candles and Heikin-Ashi, plus an impressive suite of over 100 technical indicators including bollinger bands and relative strength index. There are also dozens of drawing tools for detailed chart analysis.

The web version comes with a little more features, yet there is no fullscreen version of the charts, you’ll always have the left sided menu visible. Below you have a screenshot of the trader’s performance statistics in the mobile platform. Just as we described earlier during our review, using eToro’s mobile platform you’ll be able to browse through the different traders you can copy and filter them by certain metrics.

In our current work from home environment, the number of users of the eToro platform jumped significantly. There has been a slight delay in getting traction with questions due to COVID. EToro is working very hard to address these as quickly as possible. Australian’s fall under ASIC (as do some Asian/Oceania countries) and the UK is with the FCA.

I’m a dedicated product reviewer with a passion for testing viral TikTok finds to separate the hyped hits from the overhyped misses. From skincare to car gadgets, I personally buy, test, and provide honest, long-term reviews so you don’t have to waste money on trends that don’t deliver. My reviews are based on real experiences, not just first impressions, and I always give a balanced take on what works, what doesn’t, and what’s worth your time. EToro goes through a strong verification process to ensure that the trader is who they say they are. If they are unsatisfied with the verification, they can limit your account until such time you can verify your identity. This is to help reduce the number of scammers/money launderers trying to outsmart the system.