Summary: eToro features basic research tools and education resources, but CopyTrader and social features make it a great place to learn about crypto.
Cryptocurrency research is more about market movements than fundamentals, so eToro’s tools are focused on charting and analysis for those types of assets. There isn’t a ton to rave about here, but the basics of what you may want to know are all available.
The education and market guides resources give you more information to learn how the markets work and move up the learning curve. It isn’t as robust as what you would see with a major stockbroker, but it covers what any new trader needs to know to get started.
Summary: eToro works for new to experienced cryptocurrency traders and investors.
eToro’s feature set and user experience make it a leading option for those new to cryptocurrency. Unlike some advanced cryptocurrency products that require a ton of tech knowledge, you can start with eToro as a beginner who only gets the basics of crypto markets without getting totally overwhelmed.
The social and copy trading features also help newer traders quickly learn the markets. Advanced traders should find their needs covered, but there are more advanced platforms available from competitors that also cover more currencies. Depending on your charting and trading needs, eToro could work for nearly any cryptocurrency trader.
Is eToro regulated?
eToro is regulated in the United States as a money transfer company. The FDIC insures uninvested funds up to the $250,000 limit.
Where is eToro based?
eToro’s US headquarters is in Hoboken, New Jersey. It operates international registered offices in London and Cyprus with additional offices in Tel Aviv, Sydney, and Shanghai.
When was eToro founded?
eToro started in 2007 and launched in the U.S. in 2018.
How does eToro make money?
eToro makes money from spreads on cryptocurrency trades.
How do I deposit to an eToro account?
ACH or wire transfer
How do I withdraw money from eToro?
ACH or wire transfer. Coins can be moved to external wallets.
How do I open an account with eToro?
Online at etoro.com or the eToro mobile app.
Does eToro offer margin accounts?
Are funds at eToro secured or insured?
Uninvested funds are FDIC insured.