eToro Review 2022
US clients looking for a user-friendly and low-cost trading platform might consider eToro. This SEC and FINRA-regulated broker offers thousands of commission-free stocks and ETFs, alongside dozens of cryptocurrencies.
Plus, it takes just minutes to open an account and US clients are treated to fee-free deposits via debit/credit cards and e-wallets. In this eToro review, we explore how this popular broker compares in terms of supported markets, fees, payments, trading tools, and more.
eToro Review: Pros & Cons
The results of our eToro review and summarized in the following pros and cons:
Pros
- Regulated by the SEC and FINRA
- US clients can get started with a minimum deposit of just $10
- USD payments via debit/credit cards and e-wallets are fee-free
- Thousands of commission-free stocks and ETFs
- 70+ cryptocurrencies
- Minimum trade size is just $10 across all supported markets
- Mobile app for iOS and Android
- Secure eToro wallet for crypto investments
Cons
- No support for third-party trading platforms like MT4
- US clients can not access forex, commodities, or indices
Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.
Tradable Assets
US clients have access to three core assets at eToro – crypto, stocks, and ETFs. In this section of our eToro review, we explore each asset class in more detail.
Crypto
eToro offers one of the best places to buy cryptocurrency in the US. The platform offers more than 70 digital tokens, with more being added on a regular basis.
Large-cap tokens – such as Bitcoin, BNB, XRP, Cardano, and Solana are covered, as are popular meme coins like Dogecoin and Shiba Inu. Those with an interest in the metaverse will appreciate that eToro supports the likes of Decentraland and The Sandbox.
Those that wish to buy Bitcoin on eToro, or any other supported token that carries a high-cost price will be pleased to know that the platform requires a minimum trade size of just $10.
