#1 Social Trading App For Crypto. Access the world’s most popular digital currencies, with low fees. Connect with and copy top traders on one simple app
eToro is an online social trading platform specializing in trading cryptocurrencies. While it started with forex trading, eToro has grown into a platform used by millions of traders in over 140 countries. Having expanded into the US in mid-2018, US customers can now trade some of the world’s most popular cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, and Cardano with more equity options like stocks and forex planned.
One of the unique things about the eToro trading platform is its CopyTrader technology. This allows users to see what trades a professional trader has made, their average returns, and their risk level. Users can also chat with one another, allowing new traders to learn some tips and tricks from more experienced investors.
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- Get a $100,000 virtual portfolio to practice your strategy
- Connect with and automatically copy Top Traders
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How you make money
With eToro you can build a diversified portfolio with 14 of the most popular coins. When you buy cryptocurrency on the eToro trading platform, they use an automated system based on consolidated cryptocurrency accounts to purchase the actual asset. This automated method simply helps them provide lightning-fast transaction times, increased security, and a very straightforward user experience. One of the unique features of eToro is 'CopyTrader'. With eToro’s revolutionary CopyTrader technology, anyone can start trading crypto by copying other traders automatically. Simply choose a trader you’d like to copy, set an amount, and click COPY. Now, when they trade, you trade!
How eToro makes money
Like other exchanges, eToro earns money through transaction, currency exchange and other fees. They charge zero commissions, and zero hidden fees.
Their pricing is done entirely with spreads. Most other brokers charge a spread on both the buy and the sell of an asset, but they only charge one spread, first charged when you buy the asset and adjusted when you sell it. eToro charges between 0.75%(bitcoin) and 5% on cryptocurrency trading, depending on the asset you’re trading. There’s a 0.1% crypto-to-crypto conversion fee. Users that have been inactive for more than a year will pay a monthly $10 fee. The minimum withdrawal amount is $30 with a $0 withdrawal fee.
Is it Safe?
Your security and privacy are their top priority. eToro is an established and reliable leader in the global fintech industry, and is trusted by millions of users worldwide. If you are a US resident, your cash holdings are FDIC insured for up to $250,000. Your USD funds are held in an FDIC-insured custodial account. Even if eToro were to fail, your money would be protected and returnable to you (up to $250k). eToro (Europe) Ltd., is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), eToro (UK) Ltd., authorized and regulated by the Financial Conduct Authority (FCA) and eToro AUS Capital Pty Ltd., authorized by the Australian Securities and Investments Commission (ASIC).
Things to know
- You make money onValue
- Payout frequencyAsset sold
- Term of investmentZero
- Open toAll Investors
- Country availabilityWorldwide
- Assets under managementUnknown
- Mobile ApplicationIOS, Android
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Value after fees
Forward-looking statements, including without limitations investment outcomes and projections, are hypothetical and educational in nature. The results of any hypothetical projections can and may differ from actual investment results had the strategies been deployed in actual securities accounts.
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