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 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. 74% 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 does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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.
Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.