eToro

Stylishly stealing from investors

I bought a product with no overnight fees. I held this product for 1.5 years. Then one day they decided to start charging me overnight holding fees. The fees amounted to $19900 and I only had $128000 in the account. Literally 15% of my account they sucked out in fees with no notification that fees were changing. I knew it was scam i had to involve Assetsclaimback/com against insolvency.

2022-07-06 15:31

My balance $6063 and I am worried about it.

My first deposit was $3000 for a good start. I made a good profit of the deposited money. And I was encouraged by their advice that to be able to have a high profit income I will double my deposit so that I could have $100,000 in 3 months of trading. They are starting to be rude. Sometimes they will not answer my emails. That’s why I decided to withdraw all the money including my profit. But the request that I sent was rejected. I sent them an email and they called me back and offered to retrieve the money for me but I have to pay 10% up front and then 10% after, of the full amount of profit that I have. I haven’t paid them anything. And now there are ignoring me.

2021-09-11 20:11

Toro and ITGFX are partners with authrization, and ITGFX platform has absconded, please help me

2022-08-10 22:05

I was scammed by etoro

This is total fraud. I was never aware of any delays during dates 20 to 24th of December 2020, on their platform, and I certainly did not develop a strategy based on them. I can’t believe this company is actually licensed.Can’t get any more unfair than this.

2021-09-08 21:56

They will never give my money back!

Last December 24th I withdrew funds from my trading account. I used the wire transfer method to withdraw money. But they did not transfer my money into my account. I have emailed them regarding this matter. They replied me they did that in order for safety purposes of their clients’ funds. Now I have to send another ID confirmation, But still they are just replying my funds is process. After 3 Months, still receive my money.

2021-09-14 11:22

Others

They want me to deposit money to finish the pending task and deposit the profit to me

Today unfortunately I was scammed by a company called EFE-Mall that supposedly operates in Lima-Peru. Everything was going well, I started activating the account with 12 soles, and for each task I completed they deposited me, and later they assigned me more tasks where they wanted me to deposit more and I did it, until they asked me for the highest figure of almost 1400 soles but I didn't deposit it, because it's a lot, now they don't want to deposit the proceeds because they say that I must finish carrying out the entrusted task, which is 1400 soles. The last deposit I made was 390 soles as well as 100, 50, 26, 12, and 10 soles. In total deposited is 588 soles. I just want my money back.

2023-08-28 09:34

Others

etoro requests to change regulatory region

etoro requires the regulation of other regions before allowing you to trade, but this regulatory guarantee is not as good as the original one!

2024-03-19 15:02

Severe Slippage

treat buy limit orders as buy stop orders

On 2021 Nov 10, intc closed at 50.76 . On Nov 11, I placed a buy limit order at 50.76 . However, etoro strategically interpreted as that my order was 1 cent higher than market price, 50.75 . etoro filled my buy order at 51.05 , which was the open price on Nov 11.

2021-11-12 17:16

Etoro is a scam, they stole 7500 USD from me

After using etoro trading platform for two years, I realized by myself that my account was completely blocked, strange situation since I had not been given any notice. I couldnt open new positions, withdrawals were automatically rejected. Panic! I tried to get in touch with the company but it was in vain, I was ignored every time. At some point I thought their servers had been hacked. I discovered 7494.89 USD had been silently wiped out from my balance. I got really worried.

2021-08-20 19:11

I am a victim of there scheme!

I'm from philippines and now it's nearly one month that I'm waiting for my money. I asked those of customer service in the chat and they told me that I don't have to worry because I just have to be patient, others told me that I must speak with my manager who can authorize it but incredibly he always was unavailable. When finally I could speak to him he told me that manually and for this reason it take a lot of time to process it. I think that he could find a lie more serious than this because I don't think there could be someone in this earth who can believe this. Now, I will write to all responsibles of ThinkMarkets that I can find in their web and if I still receive this kind of answers I will write to the CYSEC.

2021-09-10 21:16

I was unable to withdraw my funds and the amount was returned after a period of time and $20 was deducted.

Unable to withdraw the amount and after a period of time the amount is returned and $20 is deducted. The reason given is that my receiving bank refused to accept the amount.

2023-06-21 12:20

etoro is a total scam.

I deposited over $1200. THEY WILL NOT COMMUNICATE, AND ALL CAPITAL PLUS PROFIT IS LOST. etoro is a thief, and all there organization is a scam. I will never invest any money with these people, Because I will never see it again. They will take all your money and leave you nothing.

2021-09-19 20:56

Resolved

Unable to withdraw

Whenever I deposit in the Tron Link wallet and register for mining with the Divi system, the deposit funds are withdrawn with profits, and I cannot take them out to the wallet again, although I spoke with a customer about this problem, they ask me to deposit the same money that is inside my mining pool, and I cannot deposit again because The total amount of money is 500 dollars, but I have the capacity for this amount. Really, I am very sad because I needed this money to sponsor my mother’s treatment, but what should I do?

2023-02-06 06:57

Etoro is a Scam!

Etoro is good since you want to withdrawal your money.There is many problems with etoro when you want to get your money back. My story is really simple, i start use etoro and put 5000$ on the account, then all my document (bank & identity card) where fasted verified.After 2 weeks, i win 12000$ then i wanted to withdrawal from etoro. the problem has begin :First things, the withdrawal process is LONNNG, all is done to discourage you, and when you finally reach the end of process, the window show this message “ANN ERROR OCCURED, PLEASE TRY AGAIN”I try many many times to do a withdrawal without succes.Then i decided to contact etoro…After 10 days i never have any “HUMAIN” responses, only robots says “We are still working on your request”Then, 10 days after, i finally receved a mail from etoro that precise that my account and money is bloked because the bank account is not verified ??? WHAT THE FUCK ? they verified it well on deposit …Now, the account is blocked and i loose 12000$ on etoro.please, just go away from etoro, etoro is scam, etoro is a robber, etoro will never paybaks you.If you loose money (90% of user loose) you will never heard this, but if one day you win, you will never see your money back.

2021-09-14 12:03

Sources

Language

Mkt. Analysis

Material

eToro · Company summary

Quick eToro Review Summary
Founded in	2007
Headquarters	United Kingdom
Regulations	ASIC, CySEC, FCA
Tradable Assets	7,000+, 6,202 stocks, 703 ETFs, 42 commodities, 55 currences, 18 indices, 106 cryptocurrencies
Demo Account	✅ ($100,000 in virtual funds)
Min Deposit	$10
Trading Fees	From 1 pip (EUR/USD) & commission-free (forex)
Non-Trading Fees	Withdrawal fee: Free (GBP and EUR accounts) or $5 (USD investment account)
Non-Trading Fees	Inactivity fee: $10/month applies to accounts with no logins in the previous 12 months
Leverage	Up to 1:30 (retail)/1:400 (professional)
Trading Platforms	eToro proprietary platform, MetaTrader 4
Copy/Social Trading	✅
Payment Methods	Credit/debit cards, bank transfers, PayPal, Neteller, Skrill
Customer Support	/

Overview of eToro

Pros & Cons

eToro's user-friendly interface, range of trading assets, and social trading features have made it popular among both beginner and experienced traders.

However, as with any trading platform, eToro has its pros and cons, which potential users should consider before signing up.

In this section, we will discuss the advantages and disadvantages of using eToro as a trading platform.

Pros	Cons
User-friendly and easy-to-use platform	Inactivity fee charged after 12 months of inactivity
Regulated by reputable financial authorities	$5 withdrawal fee for the USD investment account
Copy trading and social trading features	Limited contact options
Demo accounts available for practice

Is eToro Legit?

eToro is a legitimate and regulated online brokerage firm that has been operating since 2007.

Regulated Country	Regulated by	Regulated Entity	License Type	License Number
	ASIC	ETORO AUS CAPITAL LIMITED	Market Making (MM)	000491139
	CySEC	Etoro (Europe) Limited	Market Making (MM)	109/10
	FCA	eToro (UK) Ltd	Straight Through Processing (STP)	583263

The company is also a member of the Investor Compensation Fund, which provides additional protection for traders' funds.

However, as with any investment platform, there are risks involved in trading, and traders should always be aware of the potential risks and take steps to protect their investments.

Market Instruments

eToro offers a wide range of financial instruments for traders to choose from, covering various markets globally.

Traders can access more than 7,000 assets, including 6,202 stocks, 703 ETFs, 42 commodities, 55 currences, 18 indices, and 106 cryptocurrencies.

With this wide range of instruments available, traders can diversify their portfolios and explore various markets to find the best investment opportunities.

Asset Class	Supported
Stocks	✔
ETFs	✔
Commodities	✔
Currencies	✔
Indices	✔
Cryptocurrencies	✔
Bonds	❌
Options	❌

Leverage

eToro offers leverage for trading various financial instruments. The maximum leverage provided by eToro varies depending on the instrument and the jurisdiction of the client.

Asset Class	Max Leverage (Reatil)	Max Leverage (Professional)
Major forex pairs	1:30	1:400
Commodities	1:20	1:100
Stocks	1:5

It is noted that high leverage can amplify your potential returns, but more importantly, it can increase your risks.

Spreads and Commissions

As for commissions, if you trade on ETFs or CFDs, there is no commission. However, there is a commssion of $1 or $2 for stock trading and 1% commission for crypto trading.

Asset Class	Commission
Stock	$1/2
ETFs	❌
Crypto	1%
CFDs	❌

Fees

On eToro, account opening and management are both free of charge. However, withdrawal fee, inactivity fee, and conversion fee are charged, and you can find detailed info in the table below:

Account Opening Fee	❌
Management Fee	❌
Withdrawal Fee	Free (GBP and EUR accounts) or $5 (USD investment account)
Inactivity Fee	$10/month applies to accounts with no logins in the previous 12 months
Conversion Fee	0.75%

Trading Platform

Deposits & Withdrawals

Deposit

eToro accepts multiple payment methods, including credit/debit cards, bank transfers, and e-wallets such as PayPal, Neteller, and Skrill.

The minimum deposit amount is $10, which is relatively low compared to other brokers in the industry.

Deposits are usually processed instantly or within one business day, depending on the payment method.

eToro does not charge any deposit fees, but some payment providers may have their own fees.

eToro allows you to withdraw funds using the same payment methods as deposits.

Withdrawal

The minimum withdrawal amount is $30, and there is a withdrawal fee of $5 for USD investment account, while free for GBP and EUR accounts.

Withdrawals are usually processed within one business day, but it may take longer for bank transfers.

Before making a withdrawal, you need to verify your identity and complete the necessary KYC (Know Your Customer) procedures.

eToro also has a policy of returning funds to the original payment method used for deposits, whenever possible.

Educational Resources

When it comes to educational resources, Toro offers a variety of educational content to help traders improve their skills and knowledge of the financial markets.

These resources include but are not limited to:

eToro Academy: This is an online education portal that provides traders with a wide range of educational materials, including articles, videos, webinars, and courses on various topics such as trading strategies, market analysis, risk management, and more.

Trading Guides: eToro also offers a series of trading guides that provide in-depth information on various trading topics, including stocks, commodities, currencies, and indices.
Market News and Analysis: eToro provides traders with up-to-date news and analysis on the financial markets. This includes daily market updates, weekly market analysis, and other educational content.

More other educational resources can be found on its official website.

Conclusion

FAQs

Is eToro a regulated broker?

What trading instruments are available on eToro?

eToro offers 7,000+ trading instruments, including 6,202 stocks, 703 ETFs, 42 commodities, 55 currences, 18 indices, and 106 cryptocurrencies.

Does eToro offer a demo account?

Yes, eToro offers a demo account that allows you to practice trading with up to $100,000 virtual funds. The demo account is free and can be used for an unlimited period of time.

News

NewseToro Adds ADX Stocks to Platform for Global Investors

eToro now offers stocks from the Abu Dhabi Securities Exchange, giving global investors access to leading UAE companies in sectors like energy, finance, and healthcare.

2025-02-21 11:27

eToro Adds ADX Stocks to Platform for Global Investors

NewseToro has teamed up with Stocktwits to Expand Retail Trading Access

In a bold move to enhance retail traders' access to global financial markets, eToro has teamed up with Stocktwits, a popular social platform for retail traders. The collaboration, which integrates the power of social media with trading tools, will introduce new features designed to streamline trading and foster a more engaged community of investors.

2025-01-25 11:29

eToro has teamed up with Stocktwits to Expand Retail Trading Access

NewsIs eToro Leaving London to Focus on a $5B U.S. IPO in 2025?

eToro plans a $5B U.S. IPO in 2025, shifting focus from London to the U.S. market. Discover details on eToro's valuation, SEC filing, and future in fintech.

2025-01-23 17:01

Is eToro Leaving London to Focus on a $5B U.S. IPO in 2025?

Exposure ASIC sues eToro!

ASIC has taken legal action against eToro Aus Capital Limited (eToro), an online investment platform, in the Federal Court.