Is eToro Good For Beginners?

Page Summary

eToro is a beginner-friendly online broker and offers straightforward mobile and web platforms. It provides access to reliable educational tools and customer service. eToro is the leading social trading broker, with access to helpful research and educational tools.

Broker Comparison

Key Features eToro XTB Trading 212
Web platform score 4.4 stars 4.4 stars 4.9 stars
Mobile platform score 4.9 stars 4.4 stars 4.9 stars
Fees Low Low Average
Account opening score 5.0 stars 5.0 stars 4.5 stars
Education score 3.5 stars 5.0 stars 4.0 stars
Customer service score 3.3 stars 4.4 stars 1.0 stars
Deposit and withdrawal score 3.5 stars 4.5 stars 4.3 stars

This article discusses whether eToro is a good choice for new investors.

CFD Brokers & Beginners

eToro is a forex and CFD broker that offers beginner-friendly services. There is a straightforward web platform with a user-friendly design. We recommend eToro for beginner traders if they want to trade currencies. We do not recommend beginning traders use CFDs at any broker as they are a complex trading instrument.  Experienced traders who are new to CFDs will appreciate the professional tools and platforms at eToro. Read our in-depth reviews to learn more about the asset portfolio available at Plus500.

Beginner-Friendly Services At eToro

We review online brokers based on 105 criteria. Our results depend on various factors, including ease of access, tools, and safety.

eToro is a good fit for new investors because of its straightforward platforms. The mobile app at eToro is well-designed and offers a good search function. eToro offers a demo account to test its services.

This online broker has low minimum deposits and low-cost transactions. It is a good fit for beginners, as it has a transparent fee structure and account opening process.

Safety

Safety is an important aspect we review. eToro has top-tier licenses from the FCA and ASIC. It offers access to secure platforms and account authentication methods.

Final Verdict

eToro is a leading social trading broker, recommended for both professionals and new investors. It offers access to excellent trading platforms, features, and trading instruments. Read our in-depth reviews to learn more about eToro and its beginner-friendly tools.

eToro compared to other brokers:
eToro review

Disclaimer

eToro is a multi-asset investment platform. The value of your investments may go up or down. Leveraged and speculative product. Not suitable for all investors. You should consider whether you can afford to take the high risk of losing your money. Capital is at risk. 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 does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk. Crypto assets are unregulated& highly speculative. No consumer protection. Capital 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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