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eToro

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Trade crypto, stocks, commodities, currencies, copy successful investors trade for trade.

Account Security

Open source 2-factor authentication Storage of funds: Online
Account Requirements
Anonymous account Email required Required ID: Date of Birth USA accepted
Business Details
Open since 01/01/2006

Payment Methods

Bank currencies: Debit card Gift cards Cash

eToro Fees

Crypto-to-crypto trades: .75% - 5%

In this guide we show you all the ins-and-outs of the world’s largest social trading platform, eToro. We walk you through the account creation process step-by-step, explain how to make trades, and review some of the signature features that have made it one of the best of the biz.

Introduction to eToro

With over 10 million customers in over 140 countries, eToro is the world’s premier social trading platform. What does this mean exactly? It means that traders can freely interact with one another, examining their trades, sharing ideas, and following their future progress. In this way, eToro allows its users to gain knowledge about trading through studying the successes and failures of others. In addition to supporting 16 cryptocurrencies, eToro also carries a huge array of stocks, ETFs, commodities and other financial products, making it exceptionally easy for those with limited trading/investing experience to get started.

Why choose eToro?

eToro is a monster of a trading platform that is great for those who don’t have a clue about trading but don’t want to miss out on opportunities that the market has to offer. It takes all the hassle out of buying and selling cryptocurrency (as well as stocks and other assets like gold and oil) while providing a very safe and secure way to do so. eToro is unlike any other trading platform in that it allows traders to mirror the moves made by others in a feature known as CopyTrading. It also has a Facebook-style news feed that makes it easy to follow other traders, gain some insights into what they are thinking, and interact with them on a personal level.

Brief history of eToro

Created out of the desire to make trading and markets more accessible to the general public, eToro was founded in Israel in 2007 by Yoni Assia, Ronen Assia and David Ring. In 2010, they launched what is arguably the platform’s defining feature, CopyTrading, specifically geared to allow Forex traders to mirror the moves of professionals or other traders. By 2013, the company had raised over $31 million in private funding, also introducing trading options for stocks and CFDs. The next year, eToro added the capability for cryptocurrency trading.

In May of 2018, eToro expanded out of the EU into U.S. markets, offering 10 cryptocurrencies for trading to its customers there. As of 2020, over 11 million users in 140 countries were registered at eToro, with their number of tradable instruments growing to over 1,000. The company continues to expand by making acquisitions and forming commercial partnerships with sponsors all around the globe, quickly becoming one of the most highly respected cryptocurrency (and general) trading platforms.

Getting Started at eToro

eToro is quite different from pretty much every other crypto trading platform that there is. There’s a lot to take in, but the learning curve isn’t very steep, and it’s possible to get started trading within just a few minutes after registering an account. The availability of certain products is geo-restricted, and you may find yourself unable to access certain trading instruments, but luckily almost everybody can access the crypto trading portion (which now includes 30 states in the US).

How to register an account

After clicking the green “SIGN UP” button in the upper-right hand corner of the home page, you will be asked to provide your full name, email address, phone number, and to create a user name. After that, you’ll be teleported to the main navigation screen. Click the blue “Complete Profile” button to finish the account creation process. In order to make deposits, you’ll need to enter in a bit more information about yourself, such as your home address (must be the one listed on your ID), country of residence, and for U.S. customers, and your social security number. eToro has multiple licenses and runs a well-trusted operation; therefore your personal information will remain in capable hands.

Next, you will be asked a general question about the number of years experience you have as a trader, the purpose of your trading, the length of your investment, how much money you plan to deposit, the amount of risk you are willing to take on, and your financial status. Your answers to these questions are not only necessary to complete the account registration process but will help give eToro an idea of what types of services you are interested in and may be best suited for your needs. After completing these questions, you will be asked to verify your phone number via text message code. The very last step in setting up your profile is agreeing to a tax certification which allows eToro to send you a yearly tax form.

Currently, U.S. customers are only allowed to trade cryptocurrencies on the eToro platform (no stocks, commodities or other stock market related derivatives).

Funding your eToro account

There are 3 main methods to fund your eToro account: Online Banking, Credit Card and Wire Transfer. Not every option will be available to you depending on your jurisdiction. For example, Credit Card is not available as a means of funding for those in the U.S. Unfortunately, you cannot fund your account with cryptocurrency.

  • Online Banking. This will show you a list of banks available in your country. You will need to select your bank, log in to your bank account, enter the verification code provided by your bank, and click “Submit”. Your funds should appear in your balance in a matter of minutes.
  • Credit Card. This is the fastest option available to fund your account. After entering your card number, its expiry date and the CVV code on the back, your account will be credited within minutes. Credit cards accepted include Visa, MasterCard, Diners Club, and Maestro.
  • Wire Transfer. This method may take substantially longer than the other (potentially 4-7 days) and requires that you first print out the Wire Transfer details shown on your screen, deliver it to your bank, and then upload a scanned copy of the SWIFT document issued by your bank.

Making a crypto purchase on eToro

Buying crypto on eToro works a bit differently from other exchanges. eToro is primarily geared for simple trading (buying and selling) and does not show orderbooks, charts, or trades currently being made. Instead, users are presented with a buy and sell price which often times reflects a relatively big spread (difference between the two prices). It is within this spread that eToro makes the majority of its money. Basically, instead of buying into other peoples’ sell orders or selling into other peoples’ buy orders, you are always buying from and selling to eToro.

To make a purchase, simply find the cryptocurrency which you wish to buy, click on it, and click the green “BUY” button. The two basic types of crypto trades that can be made are Trade and Order.

  • Trade. This is the default option that will make a purchase for you at the current buy or sell price listed on the screen. Prices are denominated in terms of USD (unless you are trading one of the more exotic pairings; we will mention those later). Also by default is shown the dollar amount to be purchased. This can be lowered all the way to $20 (minimum trade amount). Click the button next to the size of the trade to toggle to Units if you’d rather buy a set number of coins. If you are content with the price and amount being purchased, press “Open Trade”, and the purchase will be made.
  • Order. Use this option if you want to set your own purchase price and wait for the market to shift in its direction. This can be set at a price either below or above the current price and guarantees that you will only pay the price you set for the crypto or asset you wish to purchase. If you are waiting for the market to come down a bit before making a purchase, set the order price below the current price. If you are waiting to confirm the market is breaking out (headed in an upwards fashion), set the order price above the current price.

These are the only 2 types of purchases (and sales) that can be made. Unlike most other cryptocurrency exchanges, there is no way to place a Stop, Limit or Stop-Limit order when making a purchase on eToro, so if you are looking for anything more advanced you will be disappointed by what eToro has to offer in this regard. However, there are a few advanced setting when it comes to selling your coins, which can be found by clicking “Edit Trade” or “Sell” under the settings for a particular trade:

  • Stop Loss. Set a stop loss (“Set SL”) if you want to sell when the price falls to a certain level. This is the best way to cap your losses if the price should move low. You can set a stop loss by rate (price) or amount (dollar amount lost). You can also enable a Trailing Stop Loss which will allow the trade to remain open if the market moves back in a favorable direction.
  • Take Profit. Enable Take Profit (“Set TP”) if you want to sell when the price has risen to a certain level. This is the best way to capture your profits when the price moves higher. Like with the stop loss, you can set a take profit by price or amount.

Other types of trades

Short selling. All cryptos listed on eToro can be short sold (betting that the price will go down instead of up). To open a short position, simply toggle from “Buy” to “Sell” on the crypto/asset you which to short sell, enter the amount in units or dollars you wish to sell, and click “Sell”. Note that short selling is not allowed for users in some jurisdictions, most noticeably those in the U.S.

Leveraged trading. This is a way of amplifying the size of your trade at the risk of losing far more money than you would with regular trading. Basically, if the market moves in a favorable direction, you can win big; if the market moves in an unfavorable direction, you can lose big. eToro offers 3 different leverage options: x2, x5, and x10. Each number corresponds to the multiple of funds that will be added to your trade. As with short selling, those in certain jurisdictions (such as the U.S.) do not have access to leveraged trading, and those in the EU are limited to a maximum of x5 leverage unless they are registered as professional traders.

Overview of supported coins

As of the writing of this guide, eToro supports 16 different cryptocurrencies. In addition to buying or selling coins with USD, you can also trade commodity crosses (such as BTC/gold), crypto crosses (like BTC/ETH), and currency crosses (like BTC/EUR). eToro plans to carry additional cryptocurrencies in the future, but now they offer some of the biggest and most highly traded coins around. Here is the list of cryptos currently supported by eToro:

  • Bitcoin (BTC).
  • Ethereum (ETH).
  • Bitcoin Cash (BCH).
  • Ripple (XRP).
  • Dash (DASH).
  • Litecoin (LTC).
  • Ethereum Classic (ETC).
  • Cardano (ADA).
  • IOTA (MIOTA).
  • Stellar (XLM).
  • EOS (EOS).
  • NEO (NEO).
  • TRON (TRX).
  • Zcash (ZEC).

eToro Trading and Withdrawal Fees

Another way in which eToro is unique is the fact that it does not have trading fees in the traditional sense. It is free to open an account, leave your funds on it, and crypto trades do not incur fees. There is zero commission on any type of asset or trading instrument purchase; instead, eToro makes its money through collecting the difference between their buy and sell spread. As far as cryptocurrencies are concerned, the spread varies quite a bit from coin to coin, with the lowest spread being that for BTC (0.75%) and the highest being that for DASH and ADA (2.90%). You can read more about the exact spreads eToro has for their coins here.

Crypto withdrawal fees on eToro are relatively reasonable, with the withdrawal fee for BTC being 0.0005 and the withdrawal fee for ETH being 0.006. Bear in mind that there are withdrawal minimums for each coins, a list of which can be found here.

Making a crypto withdrawal

This is one of the more confusing aspects of eToro since it is geared primarily for trading, but it can still be done. In order to make a crypto withdrawal, you will first need to install the eToro Wallet app (described below), which is an app separate from the trading platform. After successfully connecting the app to your trading account, find the coin you wish to withdraw on your Portfolio page. Click on it to bring up the Edit Trade screen. Under the word “Invested” should be a “Transfer to Wallet” option. Click on that to bring up the Transfer Coins screen. From here you will be presented with the amount being withdrawn and the withdrawal fee. Note that you can only transfer the entire amount to your wallet, and the process will take anywhere from 1-3 days to complete.

As of the writing of this guide, only Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Stellar and XRP can be transferred from the trading platform to the wallet app.

Making a fiat withdrawal

In addition to the bank transfer and wire transfer options, some countries will allow you to withdraw straight to your PayPal account. The minimum amount that can be withdrawn is $20. Withdrawal fees are tiered according to the amount being withdrawn. From $20 – $200, there is a $5 fee. From $200.01 to $500, the fee is $10. For $500.01 and above, the fee is $25. If the currency being withdrawn is denominated in something other than dollars, it will be subject to a small conversion fee (generally this fee is very fair and never overwhelming).

eToro Features

Below we discuss some of the things that really help set eToro apart from its competitors. They are what make it truly unlike anything previously seen in the crypto trading industry (at least on such a large and successful scale). If you consider yourself a technical or day trader and just want to make quick moves in and out of positions, then eToro is probably not for you. If you want to gain some insight into trading based on the words and experience of others – even interacting with a likeminded community in the process – there’s probably no better trading platform.

CopyTrader

The signature component of eToro, CopyTrader is a unique feature that lets you mirror the trades done by others. Basically, when the person you are copying makes a trade, you make the same trade, based on the same percent allocation of your free funds. This means that you don’t necessarily need to know anything about trading in order to trade: you simply need trust that the person you are copying knows what they are doing. Though there’s no surefire way to guarantee that a great trader will continue to be great in the future, eToro definitely makes it easy to see who’s been “on a roll” and for how long.

To get started, just click the “Copy Traders” button on the left hand side of the screen. This will bring up some profiles of highlighted CopyTraders (who tend to be successful and trading the same assets that you are interested in). Below that is a list of Top Performing or Most Copied traders and below that is a “VIEW ALL” button. Click “VIEW ALL” to bring up the filters that can be used to identify traders that are specific to your interests.

The CopyTrader list can be sorted by Performance (Return, Profitable Months, or Profitable Trades) and Risk (Risk Score, Daily Drawdown, or Weekly Drawdown). Filters include Time Period, Status (Verified and Popular Investor), Name & Picture, Copiers (# of traders copying them), Copiers Change (% of new traders copying them), Copy AUM (dollar amount of assets under management of trader), Return (trading performance), Profitable Months, Profitable Trades, Risk Score (lower score = less risky, higher score = more risky), Daily Drawdown (the difference between a high and low point of assets value during a 24 hours period), Weekly Drawdown, Average Trade Size (what % of funds are put towards any given trade), Active Weeks (total # of weeks trading), and Trades (total # of trades).

Once you’ve selected a few filters and clicked “APPLY”, you will see the traders that match your criteria. If no traders appear, you will have to make your filters less narrow, or remove one or some of them altogether. Click on a trader name in your filtered list of traders to bring up their profile.

  • By default, you will see the trader’s “Feed”, which are posts that they have published. These usually consist of announcing an opening/closing of a trade, discussing trading ideas, or just sharing general news and viewpoints on related assets and topics.
  • Clicking on “Stats” will bring up their monthly performance of the current year, a few risk metrics (such as drawdown), total trades with average profit/loss, and their most frequently traded cryptos/assets.
  • Clicking on “Portfolio” will bring up their current holdings, as well as each asset’s % allocation of portfolio, % profit/loss, and whether they are buying or selling the asset.
  • Clicking on “Chart” will show a graph of the changing value of the trader’s portfolio.

Obviously different people have different goals and values when it comes to what they consider to be important in trading, but generally speaking it is probably a good idea to consider traders available for CopyTrading only if they have some or most of these basic criteria:

  • A net positive return.
  • At least a half year of a trading record.
  • Actively present on eToro.

Other things like having a number of traders already copying them, having more profitable trades and trading months than not, and having a decent total number of trades under their belt are also all positives, but not necessarily crucial to identifying a good trader to copy. It also never hurts to add a CopyTrader to your Watchlist to monitor their performance before deciding to copy their decisions.

Once you have identified a trader you want to CopyTrade, click the blue “COPY” button in their profile. Next, you will determine the amount of money you wish to use to copy the trader’s trades. It is recommended that you uncheck the Copy Open Trades box so that way you will only start copying the trader’s future trades. If you feel confident in their current portfolio selection (and are comfortable with the current prices of its assets), you can leave the box checked. This will automatically buy you the same assets they have in proportion to their size in the trader’s portfolio. After you are sure you want to start CopyTrading this trader, click “Copy”.

You can check on the status of your CopyTrades through visiting them in your Portfolio. If you want to stop CopyTrading a trader, click on their name from your Portfolio, click the settings gear in the upper-right corner of the information screen and select “Stop Copying”. This will close out any positions related to this trade (as well as funds reserved for CopyTrading this trader) and return the money to your trading balance.

Note that you will not be able to copy all traders: some do not qualify for CopyTrade based on their risk level or other requirements, and some may trade assets that are not available to you based on your geographic area (country or state).

News Feed

This is a Facebook-style scroll of posts written by eToro users. You can add people you find particularly worth following to your Watchlist and they will show up above the aggregated default content. A neat component to this feature is that whenever a particular trading instrument is being heavily discussed at a particular moment, a Facebook-style notification will pop up as a red number under the ‘e’ (with bull horns around the ‘e’) in the upper-right hand corner of the screen. You can click on the notification to be transported to your news feed which will show you what people have been recently posting about that particular instrument.

Also like Facebook, you can give certain posts Likes and comment on them, basically allowing you to interact with anybody who posts on eToro. If their trading profile is set to Public, you can click on their name to see their trading activity, performance, stats, as well as current and previous portfolios. For traders that can be copied, there will be a blue “COPY” button to the right of their name. To the left of this is a button that will let you add the user to your Watchlist if you wish to see their posts and activity in your news feed.

Portfolio

Your Portfolio is located in the left panel of the main screen. You can analyze your holdings here by checking on each asset’s Profit/Loss (P/L), P/L %, total value in dollars, units owned, and current price per unit. You can also buy more of each asset you already own by clicking the green “BUY” button. By clicking on the settings spoke on the right of each asset in your portfolio you will see options to sell your holding, write a post about it, view its price chart, or set a price alert to let you know when the price moves to a certain level.

The portfolio can be highly customized to display your exact specifications. You can also use it to view your past trades or display your holdings by opened trade instead of total per asset. Additionally, you can view the contents of your holdings as a pie chart displayed by either asset category or individual holding. At the bottom of the portfolio will show your amount free funds not tied up in trades, amount of total allocated funds, profit/loss, and total equity.

Virtual Portfolio

The virtual portfolio is a great way to gain some experience and test your trading skills without actually risking any money. You can access it by switching the Trade account option in the left panel of the screen from “REAL” to “VIRTUAL”. This will allow you to make “virtual” trades of all the assets and financial instruments that you normally could using real money. Your virtual portfolio starts with $100,000, and the prices and spreads will be the same as if you were using real money.

It is actually highly recommended to use the virtual portfolio for at least a little while before getting started making trades in order to get some “hands on” experience about how eToro works. You will notice little things like your trade instantly being at a 1-3% loss after making the trade (this is unavoidable and due to the spread between Buy and Sell prices). It will also let you practice using some of the more advanced trading features like Stop Loss and Take Profit, as well as get an idea of the ins-and-outs of CopyTrading.

eToro Security

In general, eToro provides great security for the funds of their users. They are also compliant with several different regulatory bodies, including those that govern users in the U.S., U.K., Australia, and the EU. In addition to storing their funds in top-tier banks, they also provide insurance on all customer deposits (up to a certain threshold). The only way that customers could potentially lose their funds (other than through their account information being phished, which is certainly something to keep in mind) is if eToro declared bankruptcy, which isn’t very likely to happen.

If you want to add 2-FA (2-factor authentication) to your account, click “Settings” in the left panel and then select the “Account” menu. You will see an option for Two Factor Authentication on the right hand side under your email and password. Toggle the setting to “On” and you will receive a text message with a 5 digit verification code. After entering the code, 2-FA will be set, meaning you will need to enter a code from a text message each time you want to log into your account in the future. It is highly recommended that you enable 2-FA if you plan on sending large amounts of money to eToro.

eToro mobile app

eToro offers 2 different mobile apps: one for its trading platform and one as a wallet. The trading app allows you to do just about everything that you can with the website platform, offering access to real-time data, an array of analysis tools, and all the trading features. It is highly recommended that you sign up using a computer and not the app, however, as several users have complaints about receiving slow or no customer service when attempting to verify their account through the app. The other downside is that withdrawals are not always processed when placed through the app.

The eToro Wallet app is what allows you to withdraw your crypto off the platform. As described above, a crypto position must be withdrawn to the wallet app before you can send it anywhere. The wallet app allows you to track your eToro cryptocurrency trading portfolio while storing some of the cryptos supported by eToro. It has medium/high withdrawal fees and also requires user verification. Though not available for users in every part of the world, eToro does have plans to support up to 120 different cryptos with their wallet (eventually), but for the moment it seems they are still hammering out some basic issues.

Benefits of eToro (over competitors)

  • Very easy to open trades and follow their progress.
  • Highly immersive, interactive and educational trading platform.
  • Low barrier to entry — CopyTrading allows participation by those with no trading experience.
  • Very secure and well-trusted company.

Limitations of eToro

  • Big spreads between buy and sell (bid and ask) prices.
  • Not possible to place advanced order types.
  • No crypto deposit options.
  • Not easy to withdraw crypto and limited withdrawal options.

Other Markets on eToro

In addition to crypto trading and various pairings, eToro also offers an enormous selection of other assets (stocks, ETFs, commodities, currencies, and other financial instruments) which can be traded. Stocks and other non-crypto assets are traded in the exact same way as cryptocurrencies are — they can be bought, sold, and leveraged, and will appear in your portfolio alongside your crypto holdings. The main difference between stocks and crypto is stocks only change price during market hours whereas crypto prices are always changing.

For the moment, no assets other than crypto can be traded by U.S.-based customers, and there are certain restrictions on trading non-crypto assets for customers in some areas of the world. For those based in the EU (and a few other places), however, there are several hundred non-crypto assets that can be traded.

Stocks

Stocks are broken down into 2 categories: Industry and Exchange. The list of industries (and some of their most traded offerings) includes:

  • Basic Materials (Alcoa, ConocoPhillips, Marathon Oil, Rio Tinto)
  • Conglomerates (3M, Post Holdings, Spectrum Brands Holdings, Wendy’s)
  • Consumer Goods (Apple, Comcast Corp, Coca-Cola, Tesla Motors)
  • Financial (Barclays, Goldman Sachs Group, HSBC, Mastercard)
  • Healthcare (CVS Health Corp, Humana, Johnson & Johnson, Pfizer)
  • Industrial Goods (Boeing, General Electric, Nintendo CO, Union Pacific)
  • Services (Tencent, Alibaba Group Holdings, American Airlines Group, Amazon)
  • Technology (Hewlett Packard, Facebook, Microsoft, Oracle)
  • Utilities (Edison International, Exelon, Marathon Petroleum, PG&E)

The list of exchanges from which eToro carries trades includes:

  • Amsterdam (Euronext Amsterdam)
  • Brussels (BSE)
  • Copenhagen (Nasdaq Copenhagen)
  • Frankfurt (FSE)
  • Helsinki (OMXH)
  • Hong Kong (HKEX)
  • Lisbon (Euronext Lisbon)
  • London (LSE)
  • Madrid (IGBM)
  • Milan (Borsa Italiana)
  • New York (NYSE)
  • New York Tech (NASDAQ)
  • Oslo (OSE)
  • Paris (Euronext Paris)
  • Saudi Arabia (Tadawul)
  • Stockholm (Nasdaq Stockholm)
  • Zurich (SIX Swiss Exchange)

Note that by trading stocks through eToro, you are not purchasing the actual stock, which is still technically held by eToro. You are more or less just borrowing the stock from them, but they will pay you for any dividends the stock may accrue when you are holding it in a “Buy” position. Dividend payments will go straight to your account balance. You can also short sell stocks as you would cryptocurrency, but most non-professional traders are limited to 5x leverage (whether it be for eToro Buys or Sells).

ETFs

ETF stands for Exchange Trade Fund. These are not stocks per se but rather trading instruments that represent an asset class or category that are listed on stock exchanges and trade the same way that stocks do. Some of these represent the total stock market, certain sectors of the market, or are backed by underlying assets. Though the ETFs on eToro are not divided into any special categories, here are some of the different types of ETFs they carry:

  • Market ETFs (DIA: SPDR Dow 30, IUSA.L: iShares S&P500 UCITS, MDY: SPDR S&P Midcap 400)
  • Market sector ETFs (XLV: Healthcare Select Sector SPDR, XLU: Utilities Select Sector SPDR, XLRE: Real Estate Select Sector SPDR)
  • Total market ETFs (RWR: SPDR Dow Jones REIT, SPY: SPDR S&P 500, VTI: Vanguard Total Stock Market)
  • Bond market ETFs (BND: Vanguard Total Bond Market, BSV: Vanguard Short-Term Bond, JNK: Bloomberg Barclays High Yield Bonds)
  • Commodity ETFs (CORN: Teucrium Corn Fund, GLD: SPDR Gold, USO: United States Oil Fund)
  • Industry ETFs (GDX: Van Eck Gold Miners, HMMJ: Horizons Marijuana Life Sciences, IBB: iShares Nasdaq Biotechnology)
  • Volatility ETFs (TVIX: VelocityShares Daily 2x VIX Short, VXX: VIX Short Term Futures)
  • Short ETFs (SHV: iShares Short Treasury Bond, SQQQ: ProShares UltraPro Short QQQ)

Commodities

These are financial instruments that trade based on the market prices of materials like precious metals, oils, and agricultural products. They are a bit simpler than ETFs and are not traded on stock markets. Some of the most heavily traded commodities on eToro include:

  • Oil
  • Gold
  • Silver
  • Copper
  • Natural Gas
  • Platinum
  • Palladium
  • Sugar
  • Cotton
  • Cocoa

Forex (currency trading)

Though it has expanded well beyond in years since, eToro was originally built to be a forex platform for those who wanted to learn how to trade fiat currency pairings from professionals. eToro currently offers 47 different currency pairs, comprised of the following currencies:

  • US dollar (USD)
  • Euro (EUR)
  • Great Britain pound (GBP)
  • New Zealand dollar (NZD)
  • Canadian dollar (CAD)
  • Japanese yen (JPY)
  • Swiss franc (CHF)
  • Hong Kong dollar (HKD)
  • South African rand (ZAR)
  • Russian ruble (RUB)
  • Australian dollar (AUD)
  • Norwegian krone (NOK)
  • Swedish kroner (SEK)
  • Turkish lira (TRY)
  • Mexican peso (MXN)
  • Singapore dollar (SGD)
  • Poland zloty (PLN)
  • Hungarian forint (HUF)

Even if you only sign up for the sake of trading crypto, living in a jurisdiction where stock market and financial instruments can be traded with your eToro account is the only way where you can really experience the full scope of what eToro is all about. After all, it was created primarily for forex trading, then stock and commodity trading came after, with crypto being the most recent addition. In some noticeable ways, eToro is still building up the crypto part of its infrastructure, which is a bit lacking in terms of functionality.

Having access to the non-crypto portions of the platform opens up a much broader experience for the trader as only then will they be allowed to copy stock, commodity or forex traders, as well as trade the complete range of eToro’s products for themselves.

Wrapping it up

Basically, eToro is a completely novel way to go about cryptocurrency trading that empowers the novice trader like no other. If you’ve ever wanted to delve into the world of trading but were too afraid that you wouldn’t know what you are doing, this is the perfect way to go about learning from others. The eToro interface is simple, sleek, and all-encompassing. There are a couple things missing: being able to get in on a good market price and being able to easily withdraw your coins. However, if you purely want to get into crypto for the trading aspect, there’s probably no safer, easier and well-respected platform on which to do so.

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