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Practical Guide To eToro Webtrader

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eToro has a world-class web platform with a user-friendly and easy-to-understand design. It will enable each trader to execute complex operations easily, no matter the level of experience. Also, it offers access to key features for all types of trading for both beginners and experienced traders. 

We believe that the eToro trading platform is versatile since it allows viewing multiple charts simultaneously. This is ideal for day traders and experienced traders who focus on trading several financial assets concurrently. 

eToro has a mobile app version, which follows the same principles seen in the web platform. It is accessible on iOS and Android, and it features all the standard functions for fast and convenient access. 

How To Use eToro Webtrader 

Setting Up An eToro Account 

Creating an account with eToro is simple. You’ll have to verify your identity before trading, and this step is done by email. All you have to do is click on the link received on your email address, and your account will be verified. 

The First Deposit 

After verifying the account, you can move forward to making an initial deposit. On the left corner at the bottom of the page, you’ll find a Deposit tab. 

  • Select your deposit currency 
  • Choose the amount you want to deposit 
  • Submit your credit card information 
  • Click on the submit box to start the process 

The First Transaction 

At this point, you can go to the financial instruments section, identify one that interests you, and select the stock market asset you aim to trade. Click on the Invest tab, and you’re ready to go. 

Keep in mind that you can pick any stocks featured in eToro’s table. Your transaction will be confirmed as soon as you click on the Open Position button. 

What Is eToro Social Trading? 

The most important innovation and feature at eToro offers is the copy trader tool available on its social trading site. eToro is the leading online broker in social trading services, and we can say that its features are suitable for both experienced and inexperienced traders. 

Beyond that, eToro focuses on consistently making improvements to ensure a flawless functionality. 

The concept of copy trading involves enabling specific traders to copy other traders. Hence, they can receive expert guidance on how to achieve success in their exchanges.

It is a win-win collaboration reinforced by eToro to help all their clients develop optimized trading strategies.

What Markets Are Available? 

eToro has an extensive list of stocks classified under several categories. Here is a list of examples of companies from each industry. 

NYSE 

One of the biggest stock markets on the globe is the New York Stock Exchange (NYSE), and it features some of the top corporate giants of American finance like Boeing (BA), McDonald’s (MCD) and IBM (IBM). 

Technology 

With this broker, you can access the high-tech sector and trade some of the most profitable stocks like Hewlett Packard (HPQ), Microsoft (MSFT), and Vodafone (VOD). 

Consumer Goods 

Consumer goods are the ones integrated into popular culture like Dr. Pepper Snapple Group, Inc (KDP), Coca Cola (KO), and Ford Motor Co (F). 

Services 

eToro allows its clients to trade shares of companies that specialize in services, such as FedEx Corporation (FDX), Abercrombie & Fitch Company (ANF), and Starbucks Corporation (SBUX). 

Finance 

eToro focuses most on the financial sector, and it provides access to several important stocks like Visa (V), American Express (AXP), and Western Union Company (WU). 

Health 

American companies are successful in the health sector, but European ones that have financial support can turn out to be successful, too. Some of the best investments done in the health sector include Johnson & Johnson (JNJ), Aurora Cannabis (INC), and Cronos Group Inc (CRON) 

Raw Materials 

eToro has an entire category dedicated to companies specializing in raw materials. Some of the stocks one can trade are SOLVAY (SOLB.PA), Exxon-Mobil (XOM), Ternium SA (TX), and BASF SE (BAS.DE). 

Currencies 

Forex is one of the most attractive markets globally, and eToro is a reliable broker that provides access to the forex market. On its platform, you’ll discover top currency pairs, minor pairs, and even exotic pairs. 

Why use eToro Webtrader? 

There are several advantages associated with eToro, such as the zero commission on stock market shares. Also, the platform is user-friendly and simple to understand even for complete beginners. Social trading or copy trading represent a key advantage for those using eToro’s services. 

eToro is incontestably one of the most innovative online brokers, and it lets investors use professional tools and assets to achieve trading success. 

Key aspects of eToro take profit 

There are diverse vital constituents to keep in mind when choosing an online day trading platform, such as eToro:   

  • 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-cultural customer support staff   

Based on these features, we shared a comparison table to help you decide which the best day trading broker is in 2020. We analyzed eToro compared to the top brokers in 2020 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

Min. Deposit

200

200

200

100 No 1000 250 1 500 500 100

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

Used By

12,000,000+

60,000+

10,000+ 10,000+ 10,000+ 300,000+ 200,000+ 10,000+ 10,000+ 10,000+ 10,000+

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

Web Trader

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

Risk

Up to 75% of retail investor accounts lose money when trading CFDs

Losses can be higher than deposits Up to 79.3% of retail investor accounts lose money when trading CFDs Losses can be higher than deposits Losses can be higher than deposits Losses can be higher than deposits Up to 79% of retail investor accounts lose money when trading CFDs Your capital is at risk Your capital is at risk Your capital is at risk Losses can be higher than deposits

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).   

Cell

eToro

IC Markets

Pepperstone

FxPrimus

AxiTrader

Swissquote

Regulation

FCA, CySEC, ASIC, MiFID ASIC, FSA, CySEC ASIC, DFSA, FCA, SCB CySEC, MiFID FCA, ASIC, DFSA FCA

Used By

12,000,000+

60,000+

10,000+ 10,000+ 10,000+ 300,000+

Risk

Up to 75% of retail investor accounts lose money when trading CFDs

Losses can be higher than deposits Up to 79.3% of retail investor accounts lose money when trading CFDs Losses can be higher than deposits Losses can be higher than deposits Losses can be higher than deposits

Negative Balance Protection

Yes Yes Yes No No No
Guaranteed Stop Los No No No No No No
Headquarters Cyprus

UK

Australia Australia Cyprus Australia Switzerland
Year Founded 2006 2007 2010 2009 2007 1999

#2 Industry   

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.   

Cell

eToro

IC Markets

Pepperstone

FxPrimus

AxiTrader

Swissquote

Instruments

2000 232 100 130 100 100

Platforms

Web Trader

Mobile Apps

MT4

MT5

ZuluTrade

MirrorTrade

Web Trader

cTrader

Mac

MT4

MT5

ZuluTrade

WebTrader

cTrader

Mac

Mobile Apps

MT4

Mac

Mirror Trader

Web Trader

Mobile Apps

MT4

ZuluTrade

Mac

WebTrader

Mobile Apps

MT4

MT5

ZuluTrade

WebTrader

cTrader

Mobile Apps

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

Forex Pairs

50 65 70 45 100 150

Major Forex Pairs

Yes Yes Yes Yes Yes Yes

Exotic Forex Pairs

Yes Yes Yes Yes Yes Yes

Cryptocurrencies

Yes Yes Yes No Yes No

Commodities

0 19 16 0 20 7

Metals

Yes Yes Yes Yes Yes Yes

Energies

Yes Yes Yes Yes Yes Yes

Agricultural

Yes Yes No No Yes No

Stocks

957 100 60 60 1000 0

UK Shares

Yes No No Yes Yes Yes

US Shares

Yes Yes No Yes Yes Yes

German Shares

Yes Yes Yes No Yes Yes

Japanese Shares

Yes Yes No No 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.   

Cell

eToro

IC Markets

Pepperstone

FxPrimus

AxiTrader

Swissquote

Min. Deposit

200 200 200 100 0 1000

Withdrawal Fee

Yes

No

No Varies Varies No

Inactivity Fee

Yes

No Yes No No No

Deposit Fee

No Varies No Varies Varies No

CFD Commission

No Yes Yes No Yes No

#4 Withdrawal and funding   

Convenient withdrawal and funding methods are fundamental for the best trading experience.   

Cell

eToro

IC Markets

Pepperstone

FxPrimus

AxiTrader

Swissquote

Bank Transfer

Yes Yes Yes Yes Yes Yes

Credit Cards

Yes

Yes

Yes Yes Yes Yes

PayPal

Yes

Yes Yes No No No

Skrill

Yes Yes Yes No No No

Payoneer

No No Yes Yes Yes Yes

Neteller

Yes Yes Yes Yes Yes No

#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 phone, 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.   

Both day trading brokers let you reach support by phone, email, or chat.   

Cell

eToro

IC Markets

Pepperstone

FxPrimus

AxiTrader

Swissquote

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

Risk

Up to 75% of retail investor accounts lose money when trading CFDs

Losses can be higher than deposits Up to 79.3% of retail investor accounts lose money when trading CFDs Losses can be higher than deposits Losses can be higher than deposits Losses can be higher than deposits

#6 Resources   

Educational resources can help you gain in-depth knowledge about day trading. Both eToro and IC Markets do their best to provide top insights and news to their clients.   

So, before choosing a day trading broker, you should check to see whether it offers access to comprehensive trading resources. These might include education, analysis, and risk-management tools. 

#7 Regulations   

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.   

eToro
Funding Methods Bank Transfer

Credit Card

PayPal

Platforms Web Trader

Mobile Apps

Customer Support Live Chat

Email Support

Account Types Standard Account

Islamic Account

VIP Account

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.

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.

eToro compared to other brokers:


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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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.

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