The Ultimate eToro Review and Tutorial 2023 (Everything You Need To Know)

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In this article, we will review eToro broker and we will talk about how to use eToro step by step on each of their platforms. We will cover everything you need to know about the eToro trading platform. Below is a summary of the review of the eToro trading platform.

Assets Available 5 Asset Classes – Forex, Stocks, Equity Indices, Cryptocurrencies, and CFDs.
Regulated by Cyprus Securities Exchange Commission (CySEC)
No. of Trading Platforms2 Trading Platforms, Web Platform, and Mobile Platform
Leverage30:1 leverage for major currency pairs for non-professional clients
Spreads1 pip for leading forex pairs
Demo AccountUp to $100k demo account
Education Provided eToro Academy provides basic education
Methods of PaymenteToro money account

What is eToro trading plaform?

eToro is one of the world-leading trading platforms with a very popular mobile application for traders. With eToro you are able to a trade variety of financial instruments from Forex to stocks which we will further discuss in this article. At the time of writing this article, the eToro trading platform has been used to open more than 350 million trades. eToro is well known for its copy trading feature and its mobile application that we will discuss in detail later in this article.

Financial Instruments Available For Trading


There are 49 forex currencies that you can trade on the eToro platform. These include the major currency pairs such as the EURUSD, GBPUSD, USDJPY, etc.. and other crosses/exotic currency pairs. When trading forex on eToro, they provide up to 1:30 leverage on the currency pairs. They also provide up to 1:400 leverage if you are a professional client but you won’t require that much leverage. They allow you to go short or long on the currency pairs like the majority of other forex brokers.


eToro allows you to invest in stocks with “0% commission”. They have a variety of leading stocks on their platform that you can invest in/trade from the world’s top stock exchanges. The stocks include healthcare, technology, and much more. eToro does not limit the amount of volume that you can trade and does not take any commissions at the time of writing this article.


There is a variety of cryptocurrencies that you can trade on the eToro Platform. These include bitcoin, Ethereum, lite coin, and many more. They offer you an all-in-one crypto solution that includes, a trading platform, crypto wallet, and crypto exchange. This can be valuable if you are a crypto trader.


eToro allows you to trade in the words top resource market as well. These include gold, oil, and many more. They provide you with one-click trading, flexible leverage, and deep liquidity. Their trading platform also provides indices and ETFs. The ETFs can be traded as CFDs.

Commissions and Spreads

When you open a long stock position without leverage, they charge you 0% commissions. According to eToro, there are no spreads, no fees, and no hidden charges for stocks. They also offer you highly competitive spreads on other asset classes such as 1 pip for leading forex pairs, which will be a bit higher than alternative brokers. Also, opening an account on eToro is free. They do not charge fees for account management. For withdrawals, the fee is $5 which is on the lower side.

For cryptocurrencies, the spreads can range from 0.75% to almost 3.00% depending on what type of currency you are trading. When it comes to commodities the spreads are quite high. The spread starts from 2 pips. For example, for oil, the spreads are 5 pips and for gold, it is 45 pips.

Trading Platforms

eToro provides a web platform and a mobile platform for you to trade in. The trading platform has a range of features, such as,

  • Virtual Portfolio – When you open an account with eToro you get $100,000 in virtual currency to trade with. With this virtual portfolio, you will be able to practice trading without risking real money.
  • Tip Ranks Research Tab – This tab allows you to get leading market analyses in one place. The research tab contains the cumulative knowledge of investors and experts from some of the leading financial institutions.
  • One-Click Trading – This feature enables the user to open new positions, using already set parameters with just a single click.
  • Trailing Stop Loss – This feature allows the user to keep the market position open for long trades.
  • Offline Trading – This feature allows trading orders to be placed even if the eToro platform is down for maintenance.

The mobile platform that eToro provides is been downloaded by more than 10+ million customers on android alone.


If you have been reading other articles on our site you will know that it is important that you choose a broker who has been regulated. eToro has been regulated and authorized by Cyprus Securities Exchange Commission (CySEC) which increases their trust.


Etoro provides you with up to 30:1 leverage for major currency pairs for non-professional clients. Also provides up to 20:1 for other cross-currency pairs. Although they provide you with this much leverage, it carries risk, we do not recommend you to trade with a high amount of leverage.

Education Provided

eToro has its own learning academy which provides you with education on trading, investing, crypto, and many more. These tutorials cover a lot of basics about trading. They also provide you with podcasts, guides, and webinars. Is the material they provide good? Yes, it is good for learning about the basics of trading and investing but you will need additional knowledge for developing a profitable trading strategy. Creating a profitable trading strategy is not an easy task, but if check our other articles you will find information on creating your own trading strategy.

Copy Trading

eToro is quite popular among copy traders. This feature allows you to copy trades from the top traders on this platform in real-time. With copy trading, you can instantly copy the trades that the top traders take. With copy trading, you can study different kinds of trades that other traders take and develop your trading strategy that way. There are no hidden management fees when you use the copy trading feature. In addition to copy trading, eToro also provides you with a large community of traders.

eToro Money Account

eToro provides money that you can connect with your investment account. You can also obtain an eToro visa debit card which you can use with no setup costs or monthly fees. With this account, you are able to instantly access your funds. Also, your cash funds will be safeguarded in a regulated bank account.

How to Use eToro Platforms

eToro provides two main platforms for traders, a web platform and a mobile platform. Now we will deep dive into how to use these platforms.

Web Platform

Below shows the web platform when you login into eToro. On the left-hand side, there are 4 important menu items, the home page, the watchlist page, the portfolio, and the discover page. If you scroll down the home page you find a news feed with news on markets. trades and etc.. from investors and traders. Before you follow this tutorial make sure to create a free account on eToro by clicking the button below. After you create the account you will be able to follow this tutorial with ease.

The Ultimate eToro Review and Tutorial 2022 (Everything You Need To Know)
Figure 1: eToro Home Page

At the top of the home page, you can see a quick view of some of the financial instruments you can trade in the eToro platform. But, one of the most important pages is the watchlist page as shown below.

eToro trading platform home page.
Figure 2: eToro watchlist

Mobile Platform


Now, let’s look into the mobile trading platform. eToro is available on both Android and IOS but for this tutorial, we will use the Android app. Left shows the screen that appears after you first log in to the android app. The image below shows the home page and the watch list page of the app. As seen below the home page and the watch list pages are both similar to that of the web application

The watchlist page allows you to customize your watch lists. You can create a watchlist with a custom name. Then you select what markets you want to track. This is a very handy feature that allows you to see what’s going on in a particular market from a high-level view.

A very interesting feature of the app is the ability for you to search for things in the discover tab. You can search for copy traders, stocks, cryptocurrencies, and many more. This can be very handy for you. If you plan to trade with eToro we highly recommend that you get their mobile application. This will help you to keep track of the markets on the go.

Final Thoughts

eToro is a great platform for you to trade with. If you are really into copy trading, eToro is great. When it comes to forex trading eToro is not bad either but there are other trading platforms that provide you with lower spreads. Other than that eToro has a great mobile platform. Click the button below to sign up with eToro and start trading today.

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