eToro is an online broker, founded in 2007 in Israel. It is regulated by financial agencies in Cyprus, United Kingdom and Australia. In 2019, eToro surpassed 12 million registered users in over 100 countries which makes the company one of the biggest online brokers in the world.
The platform offers a wide range of CFDs over stocks, currencies, crypto, indices, commodities and ETFs. Currently, there are around 1600 financial instruments to choose from.
eToro fees are a mixed bag. Trading spreads are relatively wide in comparison to other providers. Deposits are free, but a trader has to deposit at least $200 for its first trade (in Australia or USA its $50). Each withdrawal costs $5. There are also conversion and inactivity fees.
The platform is easy-to-use and intuitive. One of the biggest advantages is the option to copy traders and their portfolios which is free of charge.
eToro also has its drawbacks, mainly its under-average customer support and lack of educational materials. However, the company has made big progress in recent years as our analysis has shown.
eToro UAE and Dubai Assets
Find thousands of opportunities to trade securities through numerous asset classes with the impressive eToro UAE platform. Here, you can find everything you need to diversify your portfolio, including:
- Forex: Trade forex on 47 currency pairs across both Minors and Majors with a flexible leverage rate of up to 1:30.
- Commodities: Trade CFDs on the price of commodities like natural gas and oil, platinum, copper, silver, gold, and more against the US dollar.
- Stocks: Trade stocks taken from a variety of sectors, from the financial services space, to technology and retail. This includes access to popular names like Apple, Tesla, Facebook, and Google.
- Cryptos: Become a part of the booming cryptocurrency market with alt-coins like Ethereum, Ripple, and even the famous Bitcoin. We even offer opportunities to access a wider range of cryptocurrency through the in-house CryptoPortfolio.
- Indices: Trade CFDs on some of the world’s leading stock indices, including the NASDAQ-100, the S&P500, the China50 and the FSTE 100. Indices will help you to enhance your portfolio and diversify across a wider range of shares.
eToro AUS Capital Pty Ltd, ABN 66 612 791 803 AFSL 491139. CFDs are highly leveraged and risky, and may not be suitable for all investors. You may lose more than your initial investment. Trading CFDs does not result in ownership of the underlying assets. You should obtain your own advice and refer to our FSG and PDS before deciding whether to trade with us.
eToro UAE Social Trading
The intuitive social trading platform is a world apart from the other online trading sites on the web today. Through it, you can easily connect with and learn from other successful investors in their space. You’ll also be able to automatically copy traders from other great investors using CopyTrader technology.
New to online trading? No problem! This is your opportunity to learn from the masters and earn money!
On the other hand, if you’re a master of trading, this gives you the option to earn extra commission on your trades if you’re willing to let other people follow in your footsteps.
If you’d prefer to take a different approach with your investments, you can try out CopyPortfolios service. This “Top Trader Portfolio” list brings together the best-performing and most reliable traders in the market to give you an incredible asset strategy.
eToro are pioneers in the trading world – but don’t take their word for it. Their platform has won a string of prestigious awards for innovative approach to trading. They were named the Best Social Trading Network by the World Finance Awards in 2012. They also achieved the Star Awards “Best Trading Platform” accolade in 2013.
In European markets, the brand operates under the banner of ET (Europe) Ltd. This company is regulated by the Cyprus Securities & Exchange Commission under the license number of 109 and 110.
In the UK, it is regulated as ET (UK) Ltd by the Financial Conduct Authority (FCA). UK residents generally become clients of the European eToro company unless they deposit more than $5,000 and explicitly asked to be covered by the FCA-regulated entity in the UK.
In Australia, it is authorised and regulated by the Australian Securities and Investments Commission, to provide financial solutions under the AUS Financial Licence 491139. All trades performed by clients trading under the ASIC brand are executed as CFDs. There can be now ownership of any underlying assets.
Is eToro Legal in UAE?
Trading with eToro is legal in UAE although it is not regulated by the Emirates local regulators DFSA and ADGM. This company is regulated by top tier financial regulators including the FCA, CySEC and ASIC. UAE citizens are allowed to open a regular or Islamic trading account with eToro. This broker do not have local offices in UAE or Dubai – users can send their inquiries and questions online to the office responsible for the Gulf region.
Does eToro Work in UAE?
eToro does work to 100% in UAE. There are no special restrictions or features for citizens from United Arab Emirates. UAE citizens can use their platform and request support in Arabic language and can trade in compliance to the Sharia law using Islamic trading accounts.
The are no special features for eToro in Dubai. Everything what applies for eToro UAE also applies for eToro Dubai. eToro does not have any local office in Dubai. If users have any questions they can open a support ticket and send their questions to the office responsible for the Gulf area.
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. 75% 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.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.