eToro is a very good and user-friendly trading platform where you can trade cryptocurrencies, stocks, indexes, commodities, currencies and ETFs. The trading platform is suitable for both simple and advanced traders. On eToro you can trade over 70 cryptocurrencies directly and have some of the lowest fees for trading crypto. Stock trading and ETF trading are free. and they also offer social trading with Copy Trading.

One of the biggest advantages of eToro is that you have a wide range of products, you can trade almost everything, from stocks to cryptocurrencies. eToro has been referred to as a pioneer in social trading with so-called Copy Trading where you can copy any other trader on eToro.

eToro – flexible, easy and secure

• Register an account easily with Google or Facebook
• High usability
• Trade cryptocurrencies, stocks, commodities, currencies, indexes and ETFs (exchange traded funds)
• Offers Copy Trading – you can copy any trader on eToro
• Suitable for both simple and advanced users
• One of the leading trading platforms in Europe
• Low fees

How to open an account with eToro

Step 1: Register with eToro – it only takes a few minutes to open an account. Step 2: Verify your identity – verification is an important step to keep your account secure. You can find more information about verification here. Step 3: Make your first deposit. There are many ways to deposit money into your account, and you can read about them here. Step 4: Start trading!

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User-friendly platform with social trading

eToro’s platform is user-friendly and simple and the crypto exchange has advanced features and a wide range of trading with trading in over 70 cryptocurrencies. You can create your own watchlists, discuss on forums with other users, follow trends and much more.

• Invest in a wide range of leading cryptocurrencies.
• Follow each coin’s trends with advanced charts and analysis tools
• Create a custom watchlist and stay up to date with real-time updates
• Leverage service – Expand your crypto while keeping it

Here there is good liquidity and high security. The company is one of Europe’s leading trading companies.

The downside to eToro is that you have slightly higher fees for the fees that are not included in direct trading.

On eToro you can invest in 6 different markets

One of the biggest advantages of eToro is that it is a one-stop shop. You can trade many different things on many different markets. This gives you many different investment opportunities, which is a big advantage to find interesting investments.

Trade crypto on eToro

On eToro you can either trade cryptocurrency directly on their crypto exchange or you can trade crypto through CFDs. You can buy and sell over 75 cryptocurrencies on eToro’s crypto exchange. Here, of course, trading in all the major cryptocurrencies and many other currencies. You can trade crypto by buying coins directly on the exchange or trade with crypto crosses, currency crosses and commodity crosses. For example, trade the crypto crypto Ethereum/EOS, the currency crosses Bitcoin/Euro or Ethereum/Euro.

Each cryptocurrency has its own target page where you can see charts, news, pin messages, comments, discussions and about the currency. You have access to statistics, advanced charts with technical analysis where you can customize which variables you want to monitor. Here you also get access to analyzes from analysts.

What eToro excels at is Social Trading or Copy Trading. You can copy the trading for all users within eToro and there are many well-known investors here. There is a search function where you can search for other traders. Here you can see their return over different time periods, risk assessment, how many people they copy, turnover of copiers and weekly return.

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79% of retail investors lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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On eToro you can buy and sell stocks from over 15 exchanges. Here you can trade stocks on the exchange in: Oslo, Stockholm, Copenhagen, Helsinki, NYSE (New York Stock Exchange), Nasdaq, London, Hong Kong, Frankfurt, Paris, Sydney, Zurich, Madrid, Milan, Amsterdam, Brussels, Lisbon, Chicago and on various OTC markets.

eToro charges 0% commission on buying and selling stocks and you never pay administration, management or one-time fees. 0% commission does not apply to CFD stock positions (on leveraged positions and on short positions).

Index

Trade with over 18 different indices such as SPX500, NSDQ 100, GER 40, Dow Jones30 and USDollar.

EFT Exchange Funds

Here you can trade over 250 different exchange traded funds such as SPY. Each fund has its own landing page where you can read about the purpose and strategy of each fund. For example, SPY is an exchange traded fund aimed at tracking the development of S&P 500.

Commodities and Currencies

Trade with over 25 different commodities such as gold, cocoa, oil, soybeans, natural gas, copper, silver, sugar, platinum and more. You can trade over 45 different currency pairs here such as EUR/USD, USD/JPY and EUR/CHF.

Copy other traders and investors

Perhaps the most popular feature of eToro is CopyTraderTM. eToro pioneered Copy Trading and started with this as early as 2010. By making it possible to follow and copy each other, the entry barrier for trading was lowered considerably. It became possible to trade, even for those with little time. As soon as you copy another trader, everything they do is automatically copied in real time into your own portfolio. With CopyTrader you can:

• Search for top traders and filter results based on return, success rate, risk score, favorite assets and more
• See transparent statistics about traders you are considering copying
• Check the editor’s picks to find successful popular investors
• If you think you have what it takes, join the Popular Investor program and get monthly cash payments and other benefits.

You can test the system with a virtual account (demo account)

When you register with eToro, you get a virtual account with $100,000 in virtual money to experiment with. This service allows you to test your trading skills before putting your own money at stake. With the virtual account you can:

• Open positions
• Experiment with leverage, stop loss and take profit
• Try different trading strategies
• Practice copy trading
• Invest in smart portfolios
• Interact with the eToro community

It is completely free to test the virtual demo account.

75% of retail investors lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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eToro trading tools

On eToro you get access to a number of different trading tools such as:

• Stop loss and take profit – Automatically close the position when it reaches a certain level of profit or loss.
• Trailing Stop Loss – The Stop Loss point is raised proportionally as long as the market moves in your favor.
• One Click Trading – Select investment amount, leverage, take profit and stop loss in advance, then you can apply these values to all deals in an asset.
• Create a personal watchlist and get volatility alerts in real time.

Smart portfolios

Smart Portfolios is an innovative, thematic investment tool programmed for profit. Each Smart Portfolio collects several top traders or different assets according to a thematic investment strategy, making it an instrument for individual investments. Smart portfolios are created and managed by eToro’s investment team and optimized with a machine learning algorithm.

Here you have access to three different types of smart portfolios:

• Market smart portfolios focus on a particular market segment – e.g. technology, gaming or finance – and group key assets from each segment into one portfolio.
• Top Trader Smart Portfolios group different traders on the eToro platform into a single asset and make it possible to invest in their combined experience and knowledge.
• Smart partner portfolios are created by eToro partners, some of the world’s leading financial institutions. This fund works in the same way as Market Portfolios.

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Payment methods on eToro

On eToro you can use many different payment methods.

In Sweden you can use these payment methods:

Credit/debit cards

Paypal

Neteller

Skrill

Rapid Tranfer

Trustly

Cards supported: Visa, MasterCard, Visa Electron and Maestro.

Transactions appear as Etoro or https://www.etoro.com/sv/ on your account statement

Fees for cryptocurrency

When you buy cryptocurrency assets on eToro, you get ownership of these assets.

eToro charges a simple and transparent fee of 1% to buy or sell crypto.

Other fees

eToro charges 0% commission on buying and selling stocks and you never pay administration, management or one-time fees. 0% commission does not apply to CFD stock positions (on leveraged positions and on short positions).

About eToro

eToro was founded in 2007 by three entrepreneurs who wanted to simplify trading. To make trading easier, the logic was that all people should be able to trade anywhere and reduce dependence on traditional financial institutions. The same year, the Visual FX platform was launched.

In 2009, eToro launched its groundbreaking, intuitive trading platform, allowing anyone, anywhere, to trade financial assets online. WebTrader included professional tools for both beginners and advanced traders.

eToro was also the first in the world with its platform for social trading with innovative features such as CopyTrader features. The platform gained global recognition and won Finovate Europe Best Show for 2011. In 2013, stock and commodity trading as well as trading in Bitcoin was launched.

In 2017, eToro added trading in cryptocurrencies to its platform and added popular currencies such as ether, XRP and litecoin, among others.

eToro is today a multi-asset platform where you can trade traditional stocks and ETFs, cryptocurrencies, commodities, indices and currencies. The platform is available as a web platform and as an app for iPhone and Android.

eToro has over 13 million registered users worldwide and offers its services in over 140 countries. eToro is headquartered in Limassol, Cyprus and has offices in London, Tel Aviv, Shanghai, Gibraltar, Sydney and Warsaw. eToro is regulated by CySEC in the EU and by the FCA in the UK.

Is eToro safe to use?

eToro is generally considered a safe broker to trade with. Here are some key points:

• eToro is regulated by CySEC in the EU and by the FCA in the UK.
• eToro segregates customer funds from company funds and holds them in reputable banks.
• eToro uses advanced encryption and security measures to protect customer data and funds.
• eToro offers negative balance protection.
• eToro offers a demo account to test the platform before investing real money.
• eToro has over 13 million registered users and is an established broker.
• eToro offers customer support via live chat, phone and email.

However, as with all brokers, there are some risks to be aware of:

• There is always a risk of losing money when trading financial assets.
• eToro is a CFD broker, which means that you do not own the underlying asset.
• eToro charges overnight and weekend fees for holding positions overnight and over the weekend.
• eToro may restrict trading in volatile market conditions.
• eToro offers high leverage that can lead to higher losses.

75% of retail investors lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Conclusion

eToro is a multi-asset broker that is popular for its social trading features. On eToro you can trade traditional stocks and ETFs, cryptocurrencies, commodities, indices and currencies. eToro is regulated and considered a safe broker to trade with, but as with all brokers, there are risks involved. eToro charges 0% commission on stocks and ETFs but overnight and weekend fees may apply. eToro is a good choice if you are interested in social trading and want to copy experienced traders. However, high leverage and CFD trading are risky, so you need to be aware of the risks.