eToro offers a comprehensive trading platform with features such as social trading, CopyTrader, advanced tools, transparency, and security
Conditions of eToro's trading accounts. Table of Contents
eToro
eToro is a broker that, since its creation in 2007, has committed numerous resources to creating a trading environment synonymous with efficiency, simplicity, and transparency. In a short time, the broker established itself in the markets as a true giant in the sector, chosen by millions of traders for investment. The company firmly believes that sharing knowledge is the key to any trader’s success. To allow traders of all experience levels to share information, the broker has created an efficient community based on social collaboration and investor education. Through the platform, customers can interact and compare with other traders to maximize their trading benefits and expand their knowledge. The trading environment offered is intuitive and well-structured, offering numerous cutting-edge functions for trading a wide range of instruments under extremely advantageous conditions.
- Advantageous Trading Commissions
- By trading without leverage on stocks or ETFs, traders won’t have to pay any commissions. For the remaining available instruments, including forex pairs, the broker guarantees ultra-low spreads starting from 1 pip.
- FREE Insurance up to One Million Euro/AUD
- For Platinum+ and Diamond Club clients of eToro (Europe) Ltd. and eToro AUS Capital Limited, the broker guarantees free insurance in case the broker becomes insolvent.
- Social Trading
- eToro boasts the largest community of traders and investors globally, with over 30 million users from over 100 countries. Traders of all experience levels, including industry experts, share their knowledge to enhance each trading experience. Through the eToro News Feed, present on various social networks, every trader can engage, interact, share ideas, insights, and trading strategies.
- Funds Safety
- Customer funds are held in accounts separate from those of the company.
- High-Level Security
- The broker employs high-security standards to protect clients’ funds and personal information. Data will never be shared unless required by law.
- CopyTrader
- Through the platform, customers can follow and copy the operations of professional traders transparently and with ease. Traders can easily view the risk score, success/failure ratio, and more.
- Multi-Regulated Broker
- eToro is strictly regulated by multiple regulatory bodies, enabling traders from around the world to invest with maximum legality and transparency, including FCA (UK), ASIC (Australia), CySec (Cyprus), GFSC (Gibraltar), FinCen, and FINRA (United States).
- State-of-the-Art Trading Platform
- Latest-generation features, including fully customizable charts, tools for technical and fundamental analysis, and lightning-fast execution speed, make the broker’s platform an effective means for maximizing your investment capabilities.
- Account Options for Every Trader
- eToro allows traders to open two types of accounts: Retail and Professional. Additionally, by joining the eToro Club, customers can receive numerous benefits based on their achieved level, which is divided into Silver, Gold, Platinum, Platinum+, and Diamond.
Visit the official eToro website
eToro Retail Account
This account is dedicated to retail clients, offering traders numerous investment opportunities and the highest level of available protection, including the Investor Compensation Fund and negative balance protection. Account owners can invest their funds in all the instruments available with the broker, choosing between traditional trading or taking advantage of the Copy Trading service to replicate expert operations. The available leverage varies based on the country of origin and the selected instrument. In Europe, the maximum leverage allowed is 1:30 for major currency pairs, 1:20 for other currency pairs (such as EUR/NZD), gold, and indices, 1:10 for commodities and other indices, 1:5 for CFDs on stocks and ETFs, and 1:2 for CFDs on cryptocurrency. The minimum deposit required to activate the account is $50.
Open a Retail account with eToro
Professional Account
This account is exclusively created for professional traders who require services and tools suitable for achieving their goals. Traders in this category won’t be protected by the Investor Compensation Fund and the Financial Ombudsman Service. The maximum leverage allowed is 1:400, and the trading commissions and spreads offered are lower compared to the Retail account. To upgrade from a Retail account to a Pro account, traders must meet the following conditions:
- Have a minimum portfolio of $500,000 (excluding cash).
- Execute ten trades worth a total of $500,000 recently.
- Have a minimum of one year of experience in the financial sector.
Open a Professional account with eToro
eToro Club
The eToro Club is a program that allows traders to access a wide range of technologically advanced tools and services to enhance their trading experience. The program is divided into levels, with higher levels offering greater benefits.
It works as follows: Retail accounts can also be classified based on the balance amount. As the balance changes, the account level also changes, along with the available benefits. eToro Club consists of five levels: Silver, Gold, Platinum, Platinum+, and Diamond. With a minimum balance of $5,000, the customer will automatically be assigned the Silver level. By depositing larger amounts, the participant’s account will automatically move to the next level within 24 hours. The corresponding amounts for each level are as follows:
- Silver: $5,000
- Gold: $10,000
- Platinum: $25,000
- Platinum+: $50,000
- Diamond: $250,000
Take advantage of eToro Club levels
Features and Advantages of eToro Club Levels
As mentioned earlier, each level corresponds to specific advantages and exclusive tools. Depending on their needs, traders can choose the level to exploit by making the required minimum deposit. It’s essential to remember that to maintain the acquired level, the customer must maintain the corresponding minimum balance. If the balance falls below the level reached, the trader will move down to a lower level.
Take advantage of eToro Club levels
eToro Club Silver Level
The Silver level is accessible with a minimum balance of $5,000. By making the required deposit, the level will be assigned automatically. Silver level customers can enjoy the following benefits:
- Exclusive access to detailed webinars on the markets.
- Data-based Smart Portfolio.
- Carefully selected partner applications.
- Dedicated Account Manager.
- For UK-based traders only, an eToro Money Visa debit card.
Take advantage of the Silver level
eToro Club Gold Level
The Gold level, accessible with a minimum balance of $10,000, offers the same services and tools available at the Silver level, with additional benefits:
- Interest on the available balance.
- Ability to contact your Account Manager via WhatsApp during working hours.
- Free access to market analysis updates every week.
Take advantage of the Gold Level
eToro Club Platinum Level
Designed for traders with significant experience in the sector, the Platinum level (accessible with a balance of $25,000) allows customers to invest with information, extreme safety, and speed:
- Zero commissions on withdrawals.
- Free access to a premium digital publication.
- Dedicated partner apps and platforms.
Take advantage of the Platinum level
Platinum Level+ eToro Club
Traders who achieve the Platinum+ level can access offers and services from previous levels, with additional benefits:
- Exclusive meetings on Zoom with your dedicated Account Manager.
- Possibility of attending important sporting and cultural events.
- Traders residing in Europe and the UK can access the eToro Money Black program, offering more flexible and less limited trading.
- UK residents can apply for the eToro Visa debit card in black metal.
Take advantage of the Platinum+ level
eToro Club Diamond Level
An exclusive level suitable for traders with a high investment volume, the eToro Club Diamond Level offers the full range of services and functions from previous levels, along with these additional perks:
- Exclusive and completely free access to significant digital publications.
- No exchange commissions.
- Private Zoom meetings with your Account Manager.
- Participation in Diamond eToro events.
Take advantage of the Diamond Level
eToro Platform and App
eToro’s main objective is to enable traders of all experience levels to engage in the markets, leveraging their abilities with simplicity, transparency, and cutting-edge technologies. For investment, eToro offers a cutting-edge proprietary multi-asset platform. The software features an intuitive interface, numerous innovative tools and services, and lightning-fast execution speed. Every trader can benefit from the wealth of information shared through social trading and can copy the strategies of professional traders with CopyTrader.
- Virtual Wallet
- Every trader who wants to open a real account with eToro will automatically receive a demo account with $100,000 of virtual funds. Thanks to the virtual wallet, new members can test the environment offered and try their hand at trading without any risk.
- Tipranks Research Tab
- A tool considered “formidable” by eToro customers, allowing access to detailed information provided by industry-leading analysts. The Tipranks Research Card brings together all the knowledge and experience of traders and industry professionals from some of the world’s main financial institutions on a single page.
- One-Click Trading
- This function enables traders who frequently invest in the same instrument at different times to open new positions with preset parameters in just one click. Essential for habitual traders who can repeat any investment without wasting precious time.
- Stop Loss and Take Profit
- Indispensable tools for protecting against sudden fluctuations and substantial losses. eToro allows traders to set a specific price level for closing an open position. Stop Loss automatically closes a position if it reaches a preset loss level, while Take Profit allows you to close an active position at a predetermined price.
- Trailing Stop Loss
- An extension of the Stop Loss service, enabling traders to maintain an open position when the markets are favorable for their investment.
- ProCharts
- A technical analysis tool suitable for professional trading. ProCharts allows traders to compare charts of various financial instruments in different time frames.
- Offline Trading
- Recognizing that trading is almost always active, the broker allows customers to place investment orders even when the platform is down for maintenance.
- Smart Portfolios
- An innovative tool offering traders preset trading strategies on themes such as medical cannabis, self-driving cars, and more.
- Social Trading
- An environment for discussing, sharing, and receiving valuable information to improve performance and expand knowledge. Knowledge is power!
- CopyTrader
- The CopyTrader feature allows eToro clients to follow professional traders and replicate their operations.
The software is available in both desktop and mobile app versions and is compatible with any operating system.
Please check eToro official website or contact the customer support with regard to the latest information and more accurate details.
eToro official website is here.
Please click "Introduction of eToro", if you want to know the details and the company information of eToro.
(Forex Broker)
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...