eToro Broker Testimonials

No commission for stocks and NFTs are great. Loved it

Amazing platform! I found them just a while ago while surfing for a new broker. There is nothing wrong with my old broker, but I found them to be expensive. That's when I decide to switch to eToro. At first glance, their platform is super easy to use, and very user-friendly. Which is fantastic because I thought they have a very sophisticated user interface. Great for beginners and experienced investors. I would recommend this for most traders.

Definitely a good place for beginners and I have some evidence to prove it. For starters, this broker has a very amazing user experience. They are super easy to use and don't need too much time to master. In addition to that, they also have great educational support material. It's divided proportionally so it's easier to understand. All of their features including the Help Center, Complete Fintech Guide, and YouTube videos, are accessible to beginners.

I joined this broker about a year already. Honestly, I never thought that I would stay with this broker for a long time. So far, the experience has been nothing but positive. The platform is very slick and the trading costs are very reasonable especially if using the eToro debit card to obtain a commission-free exchange in and out of the money.

I wish I could give eToro 5 stars, but I can't. Their fees are excessively high for me, as I was charged for every transaction and a $5 withdrawal fee, which is extremely high. Furthermore, the withdrawal process is extremely slow. However, all of the features in eToro, particularly its mobile apps, make trading simple and easy.

eToro has implemented the PTD rule, which states that you as a trader may not open/close positions more than three times in any rolling five-day period. You will be restricted for 30 days if you do this in this case, which is unusual. However, you can still buy and sell stocks and ETFs, but you cannot buy and sell the same security on the same day. So, read their terms carefully, and of course, scalping traders are not a good fit to use eToro.

Actually, I believe the fees in eToro are at a bare minimum. I mean, zero commission and a low spread, isn't that enough for you? That is acceptable to me. When there are many inactive accounts, of course, they charge fees because I believe inactive accounts consume a lot of server memory. Also,  if you pay the fees, eToro will not be your inactive account. With so many features included, I believe the fees are reasonable.

eToro is one of the world's most innovative brokers. It has unique features that other brokers may not have. We can copy the strategies of other traders using social trading. It's similar to copy trading, but we copy from friends not from pro traders so we can discuss so many things there. It also has many features that I consider to be very advanced. However, one of the reasons I don't trade there frequently is that it charges an inactivity fee for accounts that do not trade for an extended period of time. Also, when we withdraw, we are charged $5, which can be costly for some traders.

For me, trading Forex and CFDs at eToro is slightly more expensive than most competitors, despite the fact that eToro recently reduced spreads and introduced zero-dollar commissions for US stocks. Remember, if they added a $5 withdrawal fee, it is not suitable for users looking for lower fees. But I must admit that their trading feature is exceptional. eToro is the platform of choice for users looking for a modern trading platform.

After using them for many months I can finally recommend them to all my friends.

What I like the most about this broker is that they have consistency in providing the best service, including providing a user-friendly experience.

I have been made to feel stupid by the broker's app with exquisite features and stuff, but it was just confusing for me.

But, eToro trading app is super simple and straightforward, something to be appreciated.

On the plus side, they also come with plenty of instruments to trade with, so there are more choices for me whoho!

eToro final verdict: 10/10