eToro Experiences

TheOnline Broker eToro is one of theleading trading platforms in Kenya and is Known for trading in cryptocurrencies such as Bitcoin and Ethereum and social trading. Currently more than 120 different cryptocurrencies and more than 2000 different stocks from 17 countries are offered. In addition, there is the CopyTrader function, with which trades from experts can be easily copied.

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Rating 4.5 / 5.0
🐂 Underlyings Cryptocurrencies, currency pairs, stocks, …
📈 Trading Cryptocurrencies , Stocks, Social Trading, …
💻 Software Website, Mobile App for iOS & Android
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We have taken a close look at eToro and checked for fraud and rip-offs. It should be anticipated that wehave had very good experiences with eToro and that it is a reputable and licensed broker. That's why eToro ended our comparison as the test winner.

Background: eToro is that serious

Founded in 2007 and with more than 4 million customers worldwide, eToro is one of the largest and oldest brokers . The company is regulatedby the CySec in Cyprus under the license 109/10, which as an EU member has to be based on the guidelines from Brussels. This is usually enough to operate as a reputable broker in Europe. Nevertheless, eToro goes one step further and is also listed with BaFin as a cross-border service provider under ID 10123590 and has further licenses from the FCA in Great Britain and the ASIC in Australia.

Company eToro (Europe) Ltd.
Address 4 Profiti Ilia Street, Germasogeia, Limassol, Cyprus
Registration Number HE200585| ||121
Regulierung / Lizenz CySEC, 109/10
Telephone No hotline
Email|| |135 per Kontaktformular
fax no fax
more: live chat, eToro help center, ticket system| ||153

Für Trader und Händler besonders wichtig sind die Absicherungen gegenüber dem Broker. eToro stellt sich diesem und spricht selbst von einer statutory deposit insurance up to 20,000 CAD/EUR/USD per customer. Should the company have to file for bankruptcy, customers are guaranteed to get back deposits of up to 20,000 CAD/EUR/USD. These funds are kept separate from business assets.

Due to the existing licenses and deposit insurance,fraud and rip-off can be excluded and eToro is a reputable company and online broker.

Video preview of eToro

In the following video you will find a summary of our experiences with eToro. We will also show you how the registration works and also show youthe first steps with the provider.

Now watch the video, to preview eToro:

What customers say

During our research on the test and the question of whether eToro is legitimate or fraudulent, we largelypositive answers and opinions get. On the Internet, too, customers say that they feel well advised and in good hands with the service provider. We can generally support this impression.

Unfortunately, we also came across ashort WISO report on the forex broker that we have to mention in our test report . There it was said that a special customer was threatened with a blocking of his account and thus also the 3,500 US dollars on it after criticism of the social trading principle. He denounces that eToro's lurid advertising does not match the real situation. The broker says that professional trading would be possible with him without being an expert. Earning money is very easy. According to the WISO article, many customers felt addressed by these promises and registered.

It should be obvious that the principle ofSocial Trading is not a money printing machine, because nobody gives money away. However, the criticism expressed is more against the trading principle of eToro and not directly against the broker.We agree with the lurid advertisements and would like to suggest toning them down. However, we cannot understand the overall criticism of the system. Before registering, users should be clear about the system on which their social trading trade is based.

The eToro support in the test

Meanwhile, the offer from eToro has expanded to over 10 different languages ​​available. Our test showed that native speakers are available, at least in the Canadian-speaking area, who can take care of any questions and problems that arise at any time. The customer supportvia live chat or ticket system can be reached quickly. There is no support via telephone.

The answers we received were quite friendly and comprehensive. So other than the fact thatno phone support is available, in our experience we are completely satisfied with the support. There is also an FAQ area that really leaves no questions unanswered. For each entry in the search mask, several suggestions are provided. Overall, we are therefore satisfied with the support offered by eToro.

Our eToro experience - serious or not?

According to myetoro experience ist die Plattform sehr gut für den Aktienhandel geeignet. Sie können eine Aktie, ETFs und CFDs (Differenzkontrakte) auf internationalen Börsen ohne Gebühren handeln. Leerverkäufe per CFD mit Hebel sind ebenfalls möglich.

eToro is one of the older Forex and CFD brokers on the market. Although there are also critical voices about the social trading method on the World Wide Web, we cannot make any major negative statements about eToro. The provider is reputable,is regulated in the European sector and is very customer-friendly towards customers with support. We could not find any rip-offs or even fraud in our test.

The offer of eToro

Which broker should I choose for my investment transactions? OurForex broker comparison answers this question. In order to be able to do this again, it is important to know the details and conditions of the provider exactly.

Trade directly on the provider's website
Vorschaubild eToro WebseiteDie Copy Trading Angebote von eToro.

We have put together our experiences and provide an overview of everything there is to know about the broker.

Crypto currencies – the new asset class

The practice of introducing crypto currencies as a real means of payment has meanwhile become established. Bitcoin and Co have quickly become objects of speculation and today it is hard to imagine forex trading without them. eToro goes all out here and offersa total of 120 cryptos for trading. These include the following currencies:

  • Bitcoins
  • Ethereum
  • Bitcoin Cash
  • Ripples
  • Dash
  • Litecoin
  • Ethereum Classic
  • Cardano
  • IOTA
  • Stellar
  • Tron
  • zCash
  • Dash
  • EOS
  • Milliona
  • NEO

However, the law stipulates that the leverage for cryptocurrencies is maximized at 2:1.

Social trading from the experts

The trading system of eToro is fundamentally supported onso-called social trading. Traders can trade forex, stocks and other financial products as usual, but they can also easily install automatic trading signals. These, in turn, are given by other members of the community.

Traders can use search and ranking to find other eToro customers, assess their performance and take a quick look at their trading strategies.With just a few clicks the trading steps made by the experts are taken from your own account and integrated. If a successful expert is found, it is actually possible to take over one's own money without even lifting a finger.

But finding long-term successful signal providers is difficult. Because most that oneextraordinarily positive performance can only reach for the stars for a short time. Even if the first balance sheets look promising, traders run the risk of automatically taking bad trades. Too much trust should not be placed in the experts. Why other traders publish their trading steps? They sometimes receive high commissions if traders follow them.

30:1 – big steps thanks to high leverage

The amount actively traded on the market depends always from the leverage that a broker provides. At eToro this isat an astonishingly high 30:1 for standard foreign exchange. So if 40CAD/EUR/USD is placed on the rate of a currency, a trader is actually trading on the market with 1,200CAD/EUR/USD and can thus generate very high profits. Here eToro is clearly above its competitors.

Trading software completely web-based

Traders can easily trade with eToro from the web browser. It is expresslynot necessary to install any software. This means that mobile trading is not a problem either, as practically all smartphones and tablets can access the website. The eToro platform is clear and promising. There is also a free app for iOS and Android users. Here the broker gets full marks.

Deposit and withdrawal

Deposits are made after a very short account opening that went smoothly in the test viamany different payment services done. As a result, after a few seconds, the first money is already in the online account, which can be used for trading immediately. The wide range of deposit options such as credit card, Skrill and PayPal provides the right model for every interested user.

Overview of deposit and withdrawal options
Alle Einzahlungsmethoden bei eToro im Überblick
Payment options Visa, Mastercard, PayPal, Diners Club, JCB, Laser, Skrill, Neteller, Webmoney, bank transfer and others
Minimum deposit: 500CAD/EUR/USD for first deposit, then 50CAD/EUR /USD
Fees: 0% commission on shares, No management fees, No ticket fees, 5CAD/EUR/USD on withdrawals
Account management possible in:|| |331 EUR, GBP, AUD, RMB, THB, IDR, MYR, VND, PHP, SEK, DKK, NOK, PLN, CZK
Withdrawal Options: Visa, Mastercard, Skrill, Neteller, Webmoney, bank transfer, etc.

We also had positive experiences with the payout in the test. After a few working days the money is there the payment on the bank account. eToro charges 5CAD/EUR/USD fees for the withdrawal. This is a fair and moderate amount compared to other online brokers.

Bonus for new customers

eToro currently does not offer a new customer bonus because this is prohibited by the regulatory authority.

Be there with 500 euros

The minimum amount is500 CAD/EUR/USD for the first deposit and 50CAD/EUR/USD for each additional deposit. Beginners and novices can certainly do nothing wrong with this. Even this small sum can, with a bit of luck and common sense, lead to high returns and profits in forex trading.

Large selection of top markets

While some of the competing providers offer a manageable number of courses, you can choose from 120 different cryptocurrencies and more than 2000 different stocks from 17 countries at eToro. All major currency pairs are included here. In addition, trades on CFDs, indices and commodities can also be concluded. In general, beginners should first specialize in two or a maximum of three stocks and use them to get to know the market.

Comprehensive range of further training including a demo account

All newcomers and professional traders are offered a great advantage by thefree eToro demo account. This does not have a runtime limit, as traders are used to from other providers. In addition to the demo account, there is also a huge number of webinars, e-courses and videos that prepare interested traders for all eventualities. These are provided completely free of charge. For beginners who have not yet gained any experience and are completely unfamiliar with the topic, eToro offers all the opportunities to get started successfully.

Overall rating: Trading with the test winner

The market leader in social trading, eToro, makes headlines every now and then and promises traders significant profits even without prior knowledge. However, investors from Kenya, Austria and Switzerland should also be aware that no money is given away when trading forex. But in the end one thing is certain: eToro is a reputable broker with the best framework conditions. Interested financial investors have thechance of decent returns with our test winner. The demo account should be used as well as the free extensive training material.

Due to the low fees and entry hurdles, thewith 30:1 usual leverage, for Bitcoin & Co 2:1|| |377, und der Zuverlässigkeit des Brokers können wir eToro dennoch wärmstens empfehlen und legen den Broker besonders Einsteigern ans Herz. Geringe Einbußen müssen Kunden bei dem fehlenden Telefonsupport hinnehmen. Doch insgesamt können Trader hier garantiert nichts falsch machen.

Roland Herrmann
Secure regulation together with social trading and cryptocurrencies makes eToro ours Test winner.
4.5 / 5.0 rated byRoland Herrmann

Risk warning: CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 67% of retail investor accounts lose money when trading CFDs from 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.

Frequently Asked Questions

We have tried to offer you an overview of the services of eToro on this page. But trading beginners in particular have many questions before they start with providers like eToro. That's why you'll find the most frequently asked questions and the most important answers about the broker here.

🤨 Is eToro serious or a scam?

eToro convinced us with its wide portfolio of trading options. We also tested the security very carefully. You can find out how the broker concluded in the end in ouroverall rating of eToro.

🧐 How secure is eToro?

eToro regulated by CySec in Cyprus. Licensing is associated with numerous security requirements based on high European standards. Based on our experience, we rate theeToro seriousness as very high.

🤚Which cryptocurrencies can you trade with eToro?

With eToro you can trade in several cryptocurrencies at the same time. These include Bitcoin, Ethereum, Litecoin and Ripple. Full details on the cryptocurrencies available can be found in ourCryptocurrencies section.

🤵 What stocks can be traded on eToro?

Du kannst im Rahmen des Social Trading bei eToro unterschiedliche Arten von Aktien und Devisen handeln - und das mit erstaunlich hohen Hebeln. Einen Überblick Overview of what eToro offers in our test report.

🧐 How does eToro work?

eToro does complex trading Processes easily and is a user-friendly broker solution. You can find out how the trading software works in ourvideo preview.

🤑 How long does the withdrawal take at eToro?

In our eToro test, we have had positive experiences with deposits and withdrawals. The payout time and fees are limited compared to the competition. You can find out more about thePayment options in our article.

Write to us Your comment. All comments are moderated.


eToro is my first choice when it comes to trading CFDs and Forex. Originally I just jumped on the social trading bandwagon thinking I could make a lot of money fast without lifting a finger. That this is wrong was shown after just one day, when I ended up losing about 40%. As a result, I have put more effort into currency trading and CFDs and am now very educated. When it comes to social trading, I only follow those whose profits have not come solely from luck. Forex trading is not gambling!!

written 74 months ago


I've heard a lot of bad things and then researched them. But then I registered with the broker because I basically read a lot of positive words and some of my friends are already with the provider. All I can say is that all the negative comments about eToro are complete nonsense!! The provider is reputable, takes care of its customers and transferred my payouts to me in record time! I can imagine that the sometimes very high leverage means that some customers lose their money quickly and then get mad at the broker. But I mean to be honest: the respective lever is clear in advance and that it is not only associated with higher chances of winning but also higher risks should be clear to every child. So: don't listen to the negative criticism, register and just enjoy trading!

written 73 months ago


Forex trading is very easy with eToro and sensible. With the leverage of 400:1 on well-known underlying assets, I can make a real profit even with a very small deposit. Of course, newcomers should be very careful here and not invest too much money, otherwise they will quickly find themselves in a certain loss zone from which they cannot get out again and the position is simply ended. To the chagrin of gamers.

Written 69 months ago


As a very young beginner in trading, I'm glad that social trading exists. I specifically chose eToro because the broker is one of the world leaders in this field. I have already copied some strategies. And that works perfectly.

Written 64 months ago


It was important to me to learn and benefit from other people in the early days of trading. Social trading at eToro was just what I needed. There I networked with various traders, had them explain why which strategy was used and copied strategies. Interesting thing!

Written 52 months ago


I would like to continue my education in the field of trading and am happy that there is a trading academy at eToro. There is a lot of information and further training to be discovered in the academy.

written 51 months ago


I am now already a trading specialist and look forward to that there is social trading. So I can help other people and make my strategies available. With eToro I have found a good broker. I can easily get involved there and even earn a few extra euros on the side.

written 50 months ago


I have often traded at eToro. But there have occasionally been situations where I needed a contact person. The broker offers telephone support on working days between 10 a.m. and 3 p.m. Above all, there is a Canadian hotline. That's great. Only the times could be a little longer.

written 33 months ago


I am a regular trader at eToro and am completely satisfied with the package . A few friends have also shown interest. I just invited them to trading. After all, there is a whopping bonus there.

written 29 months ago


I switched to eToro because of bitcoin trading. So far it works quite well. They can't do anything about the price fluctuations.

written 18 months ago


Good test report. But you would have liked to have been able to address all the tradable types of shares. But I think I'll give eToro a try.

written 14 months ago


Well, I think it's really cool that I don't have to download anything. I can use etoro directly in the browser. Secured a few shares from the Christmas bonus. You say it's safe. Because I can confirm the impression so far. If I hadn't read this article, I wouldn't have tried it. Thanks for that!

written 14 months ago

Larry Gopnik

Saved some money through Corona and home office and would like to invest part of it. Your review sounds good, I'll sign up and try it out. If I lose, I'll complain to you 😀

written 12 months ago

1 vote
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