eToro markets provide several financial assets for trading, like cryptocurrency, commodities, indices, currencies, and ETFs.
Each asset class comes with advantages and disadvantages based on your strategy and interest. Read on to explore the financial assets you can use with the eToro platform. For more information you can also check out:
The leading market around the globe is the foreign currency exchange [forex]. It is a volatile environment, so most traders need extra research to perform well in forex. Professional trading platforms offer specific ratios and leverage, which are vital to generating profit with forex.
The eToro platform allows you to trade currencies as CFDs, meaning that you won’t own any direct rights to whatever asset you’re trading. CFDs let you use leverage and sell your position based on the upward or downward movement of the trading contract.
Trading currency is excellent for those that do not have large capital to start with. Still, trading CFDs is recommended for experienced traders since you’ll have to understand the risks before committing to a single trade.
The ETFs represent a specific set of assets grouped together as a tradable fund. This asset matches the financial institution’s hedging plan, and it can significantly lower risks for investors.
Trading ETFs is recommended for those who prefer to avoid or mitigate the high volatility of other assets.
Each stock market has indices, an important aspect necessary to determine the health of a group of stocks in a large stock market. For example, the NASDAQ 100 represents an index for the leading non-financial company stocks in the United States.
Overall, indices represent an indirect type of individual stocks. These include distinct trading indices and assets with lower risks. One of the most well-known trading platforms for indices is eToro.
Stocks are one of the most commonly traded financial assets globally and represent an excellent choice for long term investments. Still, some factors can impact the price movement for stocks.
eToro lets you invest in stocks by opening a BUY, non-leveraged position. It means you will invest in the specific asset directly, and the purchased stock will be under your name. eToro provides CFD trading for stocks with an open SELL position for short term and fractional shares.
Cryptocurrencies have become more and more attractive among traders looking for a streamlined income. Most traders use top-rated cryptocurrencies like Ethereum and Bitcoin due to their established presence on global markets. If you’re interested in trading cryptocurrency, you can use the eToro service. However, it is best to understand the high volatility of trading crypto assets before choosing this as your investment approach.
In most cases, crypto prices can be excellent one day, but there can be significant fluctuations by the next day, leading to financial loss.
Cryptos are similar to stocks and have benchmarks. Bitcoin is one of the largest cryptos, and it is the benchmark for the market. Several other asset charts move almost identically to Bitcoin. Hence, it is an excellent plan to start trading Bitcoin before opting for other cryptocurrencies.
Purchasing crypto on eToro signifies that you are investing in the underlying crypto asset without the ability to leverage it. Hence, there is a significant risk of investment you need to be aware of.
If you have trading experience, you most likely know the advantages of commodities trading.
Commodities are the oldest assets traded in the market with a long track record passed from one generation to another. Mostly, commodities traded on eToro can revolve around precious metals, energy, and everyday staple goods.
What you need to understand about trading commodities is that these assets are affected by world news and events. For example, when oil supplies are in surplus, the cost will most likely drop.
There are quite a few commodities associated with low risks, such as precious metals. Still, there is a significant level of volatility you shouldn’t overlook.
Critical aspects of eToro markets
There are a few vital variables to keep in mind when choosing an online trading platform such as eToro. Those are:
• the experience a broker has with day trading;
• the customer support available;
• the regulations and the best play an arbitration role in case of disputes or loses;
• the timeframe for deposits and withdrawals;
• the international presence in several counties;
• the access to a multi-lingual customer support staff;
Based on these features, we shared a comparison table to help you decide which is the best trading broker. We analyzed eToro compared to the other top brokers that offer the best features and platforms for traders.
|Cell||eToro||IC Markets||Pepperstone||FxPrimus||AxiTrader||Swissquote||AvaTrade||ForexMart||Phoenix Markets||EZInvest||ETX Capital|
|Regulation||FCA, CySEC, ASIC, MiFID||ASIC, FSA, CySEC||ASIC, DFSA, FCA, SCB||CySEC, MiFID||FCA, ASIC, DFSA||FCA||FSA, FSB, BVI, ASIC||CySEC||CySEC||CySEC||FCA|
|Funding||Bank Transfer Credit Card PayPal||Bank Transfer Credit Card PayPal||Bank Transfer Credit Card PayPal||Bank Transfer Credit Card||Bank Transfer Credit Card||Bank Transfer Credit Card||Bank Transfer Credit Card PayPal||Bank Transfer Credit Card||Bank Transfer Credit Card||Credit Card||Bank Transfer Credit Card|
|Advantages||STP available Low Min. Deposit Negative Balance Protection||Scalping & Hedging Available Low Min. Deposit Negative Balance Protection||Scalping & Hedging Available STP Low Min. Deposit Negative Balance Protection||Scalping & Hedging Available STP Low Min. Deposit||Scalping & Hedging Available STP Low Min. Deposit||Scalping & Hedging Available||Scalping & Hedging Available Low Min. Deposit||Scalping & Hedging Available STP Low Min. Deposit Negative Balance Protection||Scalping Available STP||Scalping Available STP||Hedging Available Low Min. Deposit Guaranteed Stop Loss|
|Accounts||Demo Account Standard Account Islamic Account||Demo Account Mini Account Standard Account Zero Spread Account Raw Spread Account Islamic Account||Demo Account Mini Account Standard Account ECN Account Islamic Account||Demo Account Micro Account Mini Account Standard Account ECN Account Managed Account||Demo Account Micro Account Mini Account Standard Account ECN Account Islamic Account||Demo Account Mini Account Standard Account||Demo Account Micro Account Mini Account Standard Account Islamic Account||Demo Account Standard Account ECN Account Islamic Account||Demo Account Standard Account ECN Account Islamic Account||Demo Account Standard Account ECN Account Islamic Account||Demo Account Mini Account Micro Account Standard Account|
|Spreads||Var. Spreads||Var. Spreads||Var. Spreads||Var. Spreads||Var. Spreads||Fixed Spreads||Fixed & Var. Spreads||Var. Spreads||Fixed Spreads||Fixed Spreads||Fixed & Var. Spreads|
|Platforms||Mobile Apps||MT5 MT4 ZuluTrade Web Trader Mirror Trader cTrader MAC||MT5 MT4 Web Trader ZuluTrade Mac Mobile Apps||MT4 Mac Mirror Trader Web Trader Mobile Apps||MT4 MAC ZuluTrade Web Trader Mobile Apps||MT5 MT4 Web Trader ZuluTrade||MT4 Mirror Trader Mac ZuluTrade Web Trader Mobile Apps||Web Desktop MT4||Mac Android iPhone iPad MT4||Mac Android iPhone iPad MT4||MT4 Mirror Trader Max Binary Tablet Mobile Apps|
|Support||Live Chat Email Support||Email Support||Live Chat Email Support Phone Support||Live Chat Email Support Phone Support||Phone Support Email Support||Live Chat Email Support Phone Support||Live Chat Email Support Phone Support||Live Chat Email Support Phone Support||Live Chat Email Support Phone Support||Live Chat Email Support Phone Support||Phone Support Email Support|
|Excluded Countries||AN, VG, NI, PR, GT, HN, PY, US, SV, LB, AW, AI, AG, BS, BM, BB, FJ, GD, KZ, MV, MH, BT, MM, HT, TT, LK, UZ, TJ, TM, VI, SG, NP, WS, TW, BN, PK, CI, DJ, GM, LR, SL, TG, NA, SO, TN, RW, BW, ZM, UG, LY, TZ, GH, ET, ZW, SD, CD, GN, RS, MK, MD, AL, BY, IL, TR, SY, JP, CA, BE, KP, IR||NA, SN, GN, KG, KR, GH, AG, NG, GM, AO, NE, LR, BO, ML, CG, TZ, LY, CU, ZW, LR, CI, YE, LS, KH, TG, IQ, MM, SY, IR, BW, SL, GN, AF||US, JP, SY, IQ, IR, KR, BR||EC, JP, DZ, SY, AU, US, PR, SD, KR, MM, LY, IR, IQ, CU, CI, AF||JP, US||US||SG, CA, US, TR, NZ, KP, BR, BE||Cell||IL, SY, TR, LA, AF, YE, VU, UG, IQ, ET, BA, US, KP, JP, IR, CA, BE||IL, SY, TR, LA, AF, YE, VU, UG, IQ, ET, BA, US, KP, JP, IR, CA, BE||BE, SG, CA, US|
eToro Markets: essential factors to consider
eToro can be a volatile market that can pose serious challenges, even for experienced traders. Besides the online educational resources, you can use several other tools to better understand the unique benefits of eToro markets.
Overall, eToro is considered an industry leader, thanks to its focus on innovation.
1. Track record
The first thing you want to study when selecting a day trading broker is its longevity or track record in the market. It is a crucial element in your trading strategy that can help you avoid significant financial loss. eToro is the leading day trading broker with 12 years of experience on the market and headquarters in Cyrpus and the United Kingdom.
eToro has several regulations, being supervised by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), the Financial Instruments Directive (MiFID), and the Australian Securities and Investments Commission (ASIC).
The main competitor of eToro is IC Markets. This broker was established in 2007, having a long track record and its main headquarters in Australia. IC Markets is monitored by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), and the Australian Securities and Investments Commission (ASIC).
|Regulation||FCA, CySEC, ASIC, MiFID||ASIC, FSA, CySEC||ASIC, DFSA, FCA, SCB||CySEC, MiFID||FCA, ASIC, DFSA||FCA|
|Negative Balance Protection||Yes||Yes||Yes||No||No||No|
|Guaranteed Stop Los||No||No||No||No||No||No|
Another factor to consider when choosing a day trading broker is whether it is at the forefront of innovation. eToro offers more than 1000 trading instruments, an online and mobile platform, and a user-friendly interface for all their services.
Beyond that, eToro supports several third-party trading platforms, allowing its clients to use distinct markets worldwide. Thanks to its innovation and ability to seek ways to keep their competitive advantage, it is a world-leader broker.
IC Markets, the main competitor of eToro, provides up to 232 instruments and segregates clients’ funds according to law.
|Excluded Countries||AN, VG, NI, PR, GT, HN, PY, US, SV, LB, AW, AI, AG, BS, BM, BB, FJ, GD, KZ, MV, MH, BT, MM, HT, TT, LK, UZ, TJ, TM, VI, SG, NP, WS, TW, BN, PK, CI, DJ, GM, LR, SL, TG, NA, SO, TN, RW, BW, ZM, UG, LY, TZ, GH, ET, ZW, SD, CD, GN, RS, MK, MD, AL, BY, IL, TR, SY, JP, CA, BE, KP, IR||NA, SN, GN, KG, KR, GH, AG, NG, GM, AO, NE, LR, BO, ML, CG, TZ, LY, CU, ZW, LR, CI, YE, LS, KH, TG, IQ, MM, SY, IR, BW, SL, GN, AF||US, JP, SY, IQ, IR, KR, BR||EC, JP, DZ, SY, AU, US, PR, SD, KR, MM, LY, IR, IQ, CU, CI, AF||JP, US||US|
|Major Forex Pairs||Yes||Yes||Yes||Yes||Yes||Yes|
|Exotic Forex Pairs||Yes||Yes||Yes||Yes||Yes||Yes|
3. Fees and Commissions
Day trading fees and commissions must be transparent. The top-rated day trading broker is eToro due to the competitive offers for commodities, stocks, CFDs, forex, indices, social trading, and cryptocurrency. This broker has a minimum deposit of $200.
Another leading day trading broker is IC Markets because it offers CFDs, spread betting, forex, share dealing, and cryptocurrencies. IC Markets has a minimum deposit of $200.
4. Withdrawal and funding
Convenient withdrawal and funding methods are fundamental for the best trading experience.
5. Customer support
Customer support is essential when it comes to day trading. Dealing with brokers and investing can often require several interactions with customer service. These interactions may take the form of training, installation, upgrading, troubleshooting, or even cancelation of service.
eToro offers reliable customer assistance via email, and live chat. This service is also available in several languages like English, Spanish, German, Italian, and French.
IC Markets is well recommended for its reliable customer support, available in English, Chinese, Japanese, Afrikans, Polish, Dutch, Danish, German, and several other languages. You reach support by phone, email, or chat.
|Support||Live Chat Email Support||Email Support||Live Chat Email Support Phone Support||Live Chat Email Support Phone Support||Email Support Phone Support||Live Chat Email Support Phone Support|
|Languages||English German Spanish French Italian||English Japanese Chinese Polish Danish Dutch Afrikans German etc.||English Spanish Chinese Polish Japanese Vietnamese Korean Arabic||English Spanish Indonesian Vietnamese Thai Chinese Malaysian Hungarian||English Spanish German Chinese Japanese Russian Romanian Arabic||English Italian German French Spanish Russian Arabic Chinese|
A broker regulated by leading authorities comes with a lower risk. These regulations will protect clients and ensure the broker offers qualitative services. Also, the broker regulation will minimize fraud and financial harm.
|Customer Support||Live Chat
|Regulations||Financial Conduct Authority (FCA)
Cyprus Securities and Exchange Commission (CySEC)
Markets In Financial Instruments Directive (MiFID)
Australian Securities and Investments Commission (ASIC)
eToro compared to other brokers:
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.