etoro was founded in 2007 as an easy-to-understand online trading platform for traders, graphically representing different financial instruments. In 2009, etoro launched its intuitive trading platform for both novice and experienced traders. In 2013, etoro added a variety of stock trading services on the basis of commodities, foreign exchange and other asset trading services, and continued to expand its portfolio of other cryptocurrencies besides Bitcoin in 2017. In 2008, etoro officially entered the US market, providing cryptocurrency trading services to US customers. Currently, etoro is regulated by ASIC in Australia, CySEC in Cyprus, FCA in the UK, and offshore regulation by IFSC in Belize.
Investors can trade thousands of financial assets in multiple categories on the etoro platform, including commodities, cryptocurrencies, foreign exchange, indices and ETFs.
Leverage & Account
etoro has two types of accounts for different types of investors, retail client accounts and professional client accounts. Retail accounts have a maximum trading leverage of 1:30, but they are able to receive specific protections such as compensation from the Investor Compensation Fund and assistance from a financial grievance service. In addition, they get negative balance protection and margin liquidation limits. Professional clients are those investors who successfully pass the professional client condition test, and they have unlimited use of leverage.
The minimum spread for EURUSD is 0.9 pips, the minimum spread for GBP EUR is 0.8 pips, the minimum spread for EURGBP is 1.2 pips, the minimum spread for gold is 4.5 pips, the minimum spread for silver is 0.05 pips, and the minimum spread for crude oil is 0.05 pips. Spreads are 0.05 points, natural gas spreads are 0.01 points, Australia 200 is 3.6 points, and Germany 30 is 2 points.
etoro's online trading platform and applications provide a variety of financial assets for trading and investing. Traders can access more than 2000 asset trading opportunities through etoro mobile or web platform, using ready-made CopyPortfolios™.
etoro supports VISA, MasterCard, PayPal, wire transfer, NETELLER, WebMoney, Skrill, etc. Withdrawals are subject to processing fees, and any withdrawals in currencies other than USD are subject to exchange fees.