Review eToro: eToro scam or legit

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Review eToro: eToro scam or legit? Many investors have known and evaluated eToro exchange as one of the famous companies for investment social networking and copy trading features and the right to own 100% commission-free shares to receive shares. However, if you are new to investing, you will want to learn about the legitimacy and credibility of this broker. This article will help you answer questions about eToro before investing.

Review pros and cons of eToro


  • Friendly interface, easy to use even for newbies, you don’t need to spend a lot of time learning
  • Beautiful and professional charts
  • No need to install and use complicated trading software
  • Support many different investment channels
  • The system of tracking, calculating, reporting is extremely intuitive and easy to understand, you can easily manage your total assets including cash, investment items, profit, loss… all updated continuously. every second
  • A flexible leverage system: You can choose the leverage for each trade instead of using fixed leverage when opening an account like other companies.
  • Automatic stop-loss and profit-taking system as soon as you place a trade order to limit risks
  • Social network public transactions and results of all members, you can easily learn and exchange with other members.


  • Less background news and research resources
  • Trading tools such as robots or scalping indicators are not supported
  • Lack of Trading Account options: There is no suitable trading account choice for traders of different levels of trading experience.

Basic information about broker eToro

eToro was founded in Israel in 2006 as a developer of financial trading technology under the name RetailFX. EToro is the world’s pioneer social trading platform.

eToro is considered one of the leading trading websites globally, with more than 4.5 million users from 170 countries around the globe.

The most significant advantage of eToro is the copy trade feature. With this feature, any investor needs to open an account, make a deposit, choose an investor with good trading history. The entire transaction process of each investor is public and honest with eToro. In particular, every investor on eToro must manually trade without using a trading robot. Therefore, the trading efficiency will be more stable and secure than other copy trading platforms.

eToro has a rich system of investment products and is a leader in social trading technology

eToro’s brokerage services are provided by eToro (Europe) Ltd., a registered Cyprus (Cyprus) investment company (CIF). The company’s registration number is HE20058.

eToro has also been certified by the Cyprus Securities and Exchange Authority (CySEC) under business license number 109/10 and has eToro (UK) Ltd. – a company registered in the UK (company registration number 7973792). In the United Kingdom, eToro is authorized and regulated by the Financial Conduct Authority (FCA) under company reference number 583263. eToro (Europe) Ltd. and eToro (UK) Ltd both operate and comply with the Financial Markets Directive (MiFID).

Having FCA investment certificates or CySEC license makes you ultimately assured of this broker’s legitimacy and international standards.

We can say that eToro offers an “all-in-one” investment solution with a wide range of products such as international stocks, stock indices, raw materials, currencies, ETFs, cryptocurrencies.

However, with our experience of trading on eToro since 2013, we find that eToro’s strengths lie primarily in stocks, indices, and cryptocurrencies. In contrast, forex or metals are not eToro’s strong points, and you can find better brokers if you are interested in the forex market.

eToro does not use available trading platforms but develops its own straightforward, friendly, Vietnamese-language platform. All operations such as deposit, withdrawal, transaction, and copy are integrated into the main menu in this platform.

eToro offers mobile trading apps compatible with iOS and Android devices, and they do a great job in creating a cross-platform experience where they will sync all your settings and data right away. Instantly from the web to mobile.

Review eToro broker about accounts, fees, and spreads

Types of accounts for customers

The account for Etoro customers grows based on the transaction amount with different members from Brozone, Silver Gold, and finally VIP account.

Etoro offers free eToro Demo accounts, with an amount of $ 100,000 in the budget to practice and practice trading until you are proficient with the operations on the platform and ensure a high-profit rate.

Review copy trade feature of eToro

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Etoro offers you two investment options: trade yourself in the traditional way or copies the results of successful investors. Here, you can easily find investors with good trading results, then automatically copy 100% of their trades. Etoro even offers a fund that simulates Warren Buffet’s public portfolio for you to invest in.

This is a great feature that helps you from a person who has no investment experience to become a financial investment expert with just a straightforward operation. The entire transaction process of each investor is publicly, continuously, and honestly updated by eToro, which has created the attractiveness of eToro, making eToro known as the leading online investment social network—a world leader and not just a trading platform like other brokers.


eToro has a typical floating spread for EUR/USD of 3 pips and an average spread for USD/JPY of 2 pips. This Spread is slightly above the forex industry average, but eToro’s stock, index, or cryptocurrency spreads are pretty reasonable compared to other brokers.

Transaction fees

Review eToro: eToro scam or legit

eToro does not charge a commission on stock investment.

Especially eToro allows you to buy and own actual shares from the US stock exchange, and you get the same dividends as US shareholders. While other brokers only use CFDs on share prices, eToro is gradually professionalizing its operation by allowing investors to buy actual stocks and hold them for long without overnight fees ( without using leverage).

This feature has made eToro an excellent choice for long-term investors from Vietnam who want to participate in the international stock market. Currently, in the world, only eToro can offer a reasonable fee. The same goes for stock products.

Review on deposit and withdrawal of eToro

To support its international client base, eToro has provided support for multiple payment methods that we can use for deposits and withdrawals. These methods include:

  • Credit Cards (VISA, MasterCard, Diners)
  • E-wallets (PayPal, Skrill, Neteller, China UnionPay, WebMoney, Yandex)
  • Domestic bank transfer (through the bank intermediary portal, ensuring safety and convenience for customers)

However, the transaction is free. You have to pay a $ 5-25 / time fee when withdrawing, depending on the country. This is not suitable for investors who want to make continuous withdrawals or start small amounts. Still, it is an acceptable fee for investors with a capital of $1000 or more and has real investment intentions seriously.

Review customer support of eToro

eToro supports customer care channels: Email and Support ticket system.

In summary, our advice is that you should choose eToro if you are one of the following groups:

  • Beginner investor looking for the most accessible tool to learn
  • US stock or stock index investor: in this case, eToro is your #1 choice
  • Long-term investors want to save costs when holding shares of international companies
  • Investors in the cryptocurrency market
  • Investors with no experience and want to take advantage of the social trading feature to copy other investors’ success.

If you are interested in opening an account or want to learn more about eToro, check out our guides or open an account to experience the advantages of this exchange right away.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

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