eTORO RATING ☆ OVERALL SCORE {61.7%} (?)
eToro is a large market maker (DD) specializing in social trading. The broker manages over 3 million accounts and has headquarters in Cyprus, along with offices worldwide. Its most innovative feature is the Openbook Trade Platform, which enables social and copy trading. Overall, eToro is a good choice primarily for Forex beginners and social traders.
■ Deposit Requirements: 50 USD
■ Funding: Cards | Bank Wire | Neteller | PayPal | Skrill | Giropay | WebMoney
■ Platforms: OpenBook | WebTrader | Mobile Traders
■ Customer Support: English | Arabic | Russian | Spanish | Chinese | Dutch | French | German | Italian | Japanese | Korean | Portuguese | Turkish
📊 eTORO RATING SUMMARY
The following table summarizes eToro’s ratings based on (i) three rating aspects, (ii) three experience levels, and (iii) three trading styles.
| FOREX BROKER RATING | (MAX 100%) |
|
79.3% |
|
32.1% |
|
73.2% |
|
62.5% |
|
61.7% |
| TRADING EXPERIENCE | |
|
65.3% |
|
49.5% |
|
45.5% |
| TRADING STYLE | |
|
50.0% |
|
56.6% |
|
40.2% |
📝 eTORO BASIC RATING REVIEW
| eTORO RATING ANALYSIS | ||||
| eTORO TOTAL RATING | 100.0% | |||
| 61.70% | ||||
| A. eTORO SAFETY OF FUNDS | MAX WEIGHT→ | 28.0% | 22.20% | Rating the eToro Safety |
| A.1 eToro License / Regulation | FCA (UK) = 10.0% | FINMA (Swiss) = 10.0% | NFA/CFTC (US) = 10.0% | BAFIN (GE) = 8.0% | ASIC (AU) = 8.0% | FSC (NZ) = 6.0% | CYSEC (Cyprus) = 6.0% | HCMC (GR) = 3.0% | FSC (BVI) = 1.0% | MiFID (EU) = +0.5% rating | 10.0% | 6.50% | eToro (Europe) is regulated CySEC = 6.0% rating, MiFID Rating = +0.5% | Total = 6.5% |
| A.2 eToro Client Compensation in Case of Insolvency | Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% |
5.0% | 4.00% | eToro offers client compensation (in case of insolvency) up to 20,000 EUR through ICF = 4.0% rating |
| A.3 eToro Country of Headquarters | UK, USA, Germany, France, Canada, Switzerland, and similar = 5.0% rating | Australia, New Zealand = 4.0% rating | Ireland, Spain, Italy, Cyrpus, and similar countries = 3.0% rating | Greece, Malta, South Africa = 2.0% rating | Offshore Countries = 0% | 5.0% | 3.00% | eToro maintains headquarters in Cyprus = 3.0% rating |
| A.4 eToro Years in the Market | 10+ Years of Operation = 5.0% rating | 5-10 Years of Operation = 4.0% rating | 2-5 Years of Operation = 2.0% rating | 0-2 Years of Operation = 0% | 5.0% | 5.00% | eToro was found in 2007 (10+ years) = 5.0% rating |
| A.5 eToro Client Account Segregation | Client bank account segregation = 2.5% rating | No = 0.0% | 2.5% | 2.50% | Segregated accounts via multiple financial institutions = 2.5% |
| A.6 eToro Web Ratings | ForexPeaceArmy Rating = 0.5% rating | 0.5% | 0.20% | eToro ForexPeaceArmy Rating is 2.0/5.0 = 0.2% rating |
| A.7 (+) eToro ADJUSTING RESULTS | ||||
| A.7.1 eToro Corporate Size | 1 million Trading Accounts = +1.0% rating | 500,000+ Accounts = +0.5% rating | 250,000+ Accounts = +0.25% rating | 1.0% | 1.00% | eToro handles more than 1 million accounts (they say they have 2 million users)= 1.0% Rating |
| B. eTORO TRANSACTION COST | MAX WEIGHT→ | 28.0% | 9.00% | Rating the eToro Transaction Cost |
| B.1 eToro spread on EURUSD | <0.3 pip = 7.0% rating | <0.4 pip = 6.5% | <0.5 pip = 6.0% | <0.6 pip = 5.5% | <0.7 pip = 5.0% | <0.8 pip = 4.5% | <1.0 pip = 4.0% | <1.25 pip = 3.5% | <1.50 pip = 3.0% | <1.75 pip = 2.5% | <2.00 pip = 2.0% | <2.25 pip = 1.5% | <2.50 pip = 1.0% | <2.75 pip = 0.5% | 7.0% | 0.00% | EURUSD Typical Spread is 3.0 pips = 0.5% |
| B.2 eToro spread on GBPUSD | <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating | 4.5% | 0.00% | GBPUSD Typical Spread is 4.0 pips = 0.0% |
| B.3 eToro spread on USDJPY | <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating | 4.5% | 2.00% | USDJPY Typical Spread is 2.0 pips = 2.0% |
| B.4 eToro Trade Commissions | No Commissions = 7.0% rating | Commissions < $1.0 / lot = 6% rating | < $1.5 / lot = 5% rating | < $2.0 / lot = 4% rating | < $3.0 / lot = 3% rating | < $4.0 / lot = 2.0% rating | < $5.0 / lot = 1% rating | < $6.0 / lot = 0.5% rating | Higher Commissions = 0% rating | 7.0% | 7.00% | eToro does not charge trading commissions on the tested account type = 7.0% |
| B.5 eToro Overnight (SWAP) rates | Cost < $1.5 = 2.00% rating | Cost < $2.0 = 1.75% | Cost < $2.5 = 1.50% | Cost < $3.0 = 1.25% | Cost < $3.5 = 1.00% | Cost < $4.0 = 0.75% | Cost < $4.5 = 0.50% | Cost < $5.0 = 0.25% | 2.0% | 0.00% | eToro rollover on a Long EURUSD trade worth 1 lot ($100,000) is -$6.0 | eToro rollover on a Short EURUSD trade worth 1 lot ($100,000) is +$0.3 | Total cost in absolute value is $5.7, rating = 0.00% |
| B.6 eToro Commissions on Funding | No Funding Fees = 2.0 % rating | One (1) Free Withdrawal Per Month = 1.0 % rating | Funding Fees Without Free Withdrawal = 0 % rating | 2.0% | 0.00% | Ccommissions on withdrawals between $5 and $25 = 0% |
| B.7 eToro Inactive Fees | No Inactive Fees = 1.0 % rating | Yes Inactive Fees = 0 % rating | 1.0% | 0.00% | Charges some inactive fees = 0.0% |
| B.8 (+) eToro ADJUSTING RESULTS | ||||
| B.8.1 eToro Execution Model | ECN Execution = +2.0 % rating | STP = +1.5 % rating | Dealing Desk = +0.0% rating | 2.0% | 0.00% | Market Maker (DD) = +0% rating |
| C. eTORO TRADING OPTIONS | MAX WEIGHT→ | 28.0% | 20.50% | Rating the eToro Options for Traders |
| C.1 eToro Forex Asset Index | 45+ Pairs = 8.0% rating | 40+ Pairs = 7.0% rating | 35+Pairs = 6.0% rating | 30+ Pairs = 5.0% rating | 25+ Pairs = 4.0% rating | 20+ Pairs = 3.0% rating | 15+ Pairs = 2.0% rating | 10+ Pairs = 1.0% rating | Less than 10 Pairs = 0% rating | 8.0% | 8.00% | eToro Provides 49 Forex Pairs = 8.0% rating |
| C.2 eToro CFDs | CFD Trading on MT4 = 2.5% rating | CFD Trading on WebTrader = 1.5% rating | No CFDs = 0.0% | 2.5% | 2.50% | eToro offers CFD trading = 2.5% rating |
| C.3 eToro CFDs on Futures | CFDs on Futures = 1.5 % rating | No CFDs on Futures = 0.0 % rating | 1.5% | 0.00% | No CFDs on Futures = 0.0% rating |
| C.4 eToro Free Practice Account | Practice Account = 2.0 % rating, No = 0.0 % rating | 2.0% | 2.00% | eToro Provides a Practice account = 2.0% rating |
| C.5 eToro Trading Leverage | Leverage > 100:1 = 1.0% rating | Leverage > 75:1 =0.75% rating Leverage > 50:1 = 0.5% rating | 1.0% | 1.00% | 400:1 max Trading Leverage = 1.0% rating |
| C.6 eToro Bonus/Rebate Promotions | 5.0% | |||
| C.6.1 eToro Welcome Bonus (%) | Welcome Bonus >50% = 5% rating | Bonus >40% = 4% rating | Bonus >30% = 3% rating | Bonus >20% = 2% rating | Bonus >10% = 1% rating | 0.00% | No welcome bonus at the time of this review = 0% rating | |
| C.6.2 eToro Trading Rebate (%) | Trading Rebate >30% = 5% rating | Rebate >25% = 4% rating | Rebate >20% = 3% rating | Rebate >15% = 2% rating | Rebate >10% = 1% rating | Rebate >5% = 0.5% rating | 0.00% | eToro Offers no trade rebates = 0% rating | |
| C.7 eToro Min. Account Size | Min Account < $100 = 2.00% | Min Account < $250 = 1.50% rating | Min Account < $500 = 1.00% rating | Min Account < $1,000 = 0.50% rating | 2.0% | 2.00% | The min. deposit amount is $50 = 2.0% rating |
| C.8 eToro Number of Deposit Methods | For every deposit method = 0.5% rating | max = 5 methods | 2.5% | 2.50% | eToro offers 5+ deposit methods = 2.5% rating |
| C.9 eToro Number of Withdrawal Methods | For every withdrawal method = 0.5% rating | max = 5 methods | 2.5% | 2.50% | eToro offers 5+ withdrawal methods = 2.5% rating |
| C.10 Minimum Stop-Order Levels (in pips) | 2 pips or less = 1% rating | 3 pips or less = 0.5% rating | 4 pips or less = 0.25% rating | 1.0% | 0.00% | eToro offers more than 5 pips minimum stop-out order distance = 0.0% rating |
| C.11 (+) eToro ADJUSTING RESULTS | ||||
| C.11.1 Offering more than 100 Forex Pairs | Offering more than 100 Pairs = 1.0 % rating / No = 0 % rating | 1.0% | 0.00% | 49 Forex pairs = +0% rating |
| C.11.2 Paying Interest on unused funds | Paying interest on Unused Funds = 0.50 % rating No = 0.0 % rating | 0.5% | 0.00% | No = +0% |
| C.11.3 eToro Contests | Contests = 0.25 % rating | No = 0 % rating | 0.25% | 0.00% | No = +0.0% rating |
| D. eTORO TECHNOLOGY | MAX WEIGHT→ | 16.0% | 10.00% | Rating the eToro Technological Efficiency |
| D.1 eToro Trading Platforms Availability | For every Platform = 1.0% | max = three (3) platforms | 3.0% | 2.00% | eToro offers the eToro Webtrader and the CopyTrader = 2.0% rating |
| D.2 Trading-On-Charts | Offering Trading-On-Charts = 1.0 rating | No=0% | 1.0% | 0.00% | eToro is not offering 'Trading-On-Charts' = 0.0% rating |
| D.3 eToro Slippage on Execution | Slippage < 1.00 pip = 1.0% rating | < 1.25 pip = 0.75% rating | < 1.50 pip = 0.5% rating | < 1.75 pip = 0.25% rating | 1.0% | 0.00% | eToro Slippage on execution is more than 1.75 pip = 0.0% rating |
| D.4 eToro Automated Trading Allowance | Automated Trading is Allowed = 2.0 % rating / No = 0 % rating | 2.0% | 2.00% | eToro allows automated trading = 2.0% rating |
| D.5 eToro MT4 Platform Availability | MT4 is Provided = 2.0 % rating / No = 0 % rating | 2.0% | 0.00% | eToro does not offer the MT4 platform = 0.0% rating |
| D.6 eToro Mobile Apps | iOs= 1% rating | Android = 1% rating | Windows Mobile is 0.5% rating | max = 2% rating points | 2.0% | 2.00% | eToro offers an MT4 App for iPhone and Android = 2.0% rating |
| D.7 eToro Allowing Scalping / Hedging | Yes, both are allowed = 1.0 % rating | Only Hedging / Scalping = 0.5% rating | Both are Forbidden = 0 % rating | 1.0% | 0.00% | eToro forbids both Scalping and Hedging = 0.0% rating |
| D.8 eToro Customer Service | 24/7 Support = 1.0 % rating | 24/6 Support = 0.5 % rating | 24/5 Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0% | Skype support = 1.0 % | Forum support = 1% | Call-Back = 0.5 % rating | 4.0% | 3.00% | eToro offers 24/5 Customer support = 0%, via eMail, Phone, Live Chat = 3.0% | Total rating is 3.0% |
| D.9 (+) eToro ADJUSTING RESULTS | ||||
| D.9.1 eToro PAMM / MAM Accounts | PAMM / MAM Accounts = +0.5% rating | No = 0 % rating | 0.5% | 0.50% | eToro is offering PAMM/MAM accounts = +0.5% |
| D.9.2 eToro Free VPS | Free VPS = +0.5% rating | No = 0 % | 0.5% | 0.00% | eToro is not offering a free VPS hosting service = +0.0% |
| D.9.3 eToro API Trading | API trading = +0.5 % rating | No API = 0.0 % rating | 0.5% | 0.50% | eToro offering API trading via 3rd parties = +0.5% |
| TOTAL eTORO RATING | 61.70% | |||
🏛️ eToro Licenses and Legal Information
The broker belongs to a large group that maintains offices in all around the world. These are the three licenses found:
(1) eToro Europe, under CySEC (Cyprus) regulation, Registration Number: 109/10
(2) eToro Australia, under ASIC regulation, Registration Number: 335692
(3) eToro USA, under CFTC/NFA (USA) regulation, Registration Number: 0382918
□ eToro Rating Review
ForexExperts.net (c)
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