Is eToro safe?
In our opinion… yes, absolutely.
eToro is authorised and regulated by a number of leading financial authorities. One of these authorities being the Financial Conduct Authority (UK) means that they have to comply with many rules and directives, such as MiFID. Within these directives, trader protection is paramount. Protection from financial risk and making sure the trader understands how to manage their risk properly.
Is eToro safe?
There is a lot of content out on the internet around this topic and I wanted to share our own thoughts and opinions on this matter.
eToro started out in 2006 and have grown in to a leading trading platform, providing there primary product – social trading to over 7 million traders worldwide since 2011.
We’re been trading on eToro for over a decade and have executed thousands of trades without any issues. The simplicity of the platform allows beginners to learn quickly and even seasoned traders would be satisfied with what they offer in terms of insights. The transparency of the trading platform helps you understand the costs involved which many competitors do a poor job at. for more information on the fees involved, please read our guide here.
What is eToro?
eToro is a social trading platform. The platform allows you to network with millions of other traders and copy successful ones. You can also trade independently across all the most popular markets, such s FX, equities and commodities. Trading is executed via CFDs.
As we’ve said above, no we don’t think eToro is a scam. They are actually a very reputable company with a trustworthy background.
Is eToro trusted?
Yes. We trust them with handling large quantities of money and have never let us down or done anything to make us think otherwise.
- US residents allowed
- FCA Regulated
- Copy Trading
- Mobile app
- Simple & friendly interface
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFD assets.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
Past performance is not an indication of future results.