As eToro says themselves on their website, 76% of eToro customers lose money when trading CFDs.Yes. eToro operates in accordance with FCA, CySEC and ASIC regulations, meaning that there are measures in place to protect investors. On eToro, our clients' funds are kept secure in top-tier banks or placed in qualifying money market funds. All personal information is guarded under SSL encryption.Rest assured that eToro, as a responsible and regulated broker, has processes in place to ensure that your funds are safeguarded at all times. In the unlikely event of an eToro insolvency, eToro users will be entitled to compensation, depending on their country of residence and amount invested.

What’s better than eToro : Explore other competing options and alternatives. Other important factors to consider when researching alternatives to eToro include ease of use and reliability. The best overall eToro alternative is TradingView. Other similar apps like eToro are thinkorswim, E*Trade Web Platform, MetaTrader 4, and MetaTrader 5.

Do people actually make money on eToro

You can make money on eToro when the market goes down by shorting stocks, indices, or commodities with CFDs. CFDs are contracts for difference, where your profit or loss is based on the opening and closing price of a trade. But in practice, it is the same as buying or selling stocks.

Is eToro good for beginners : Yes, eToro is good for beginners to invest as they are regulated by the FCA (Financial Conduct Authority) which means they have to treat customers fairly and make sure their investments are safe.

You can make money on eToro when the market goes down by shorting stocks, indices, or commodities with CFDs. CFDs are contracts for difference, where your profit or loss is based on the opening and closing price of a trade. But in practice, it is the same as buying or selling stocks.

Depending on the structure and security of the eToro Money crypto wallet, some individuals may be vulnerable to hacks, resulting in the theft of virtual currency or loss of customer assets. eToro will not be responsible in the event of losses caused by those Third Parties.

Is eToro safe to invest long term

The main reasons why eToro is not good for longer-term investors are because their accounts are in USD, you can't invest through tax-free wrappers, or into a pension and there is limited access to bonds and funds. eToro also used to be good for long-term investors as they absorbed the stamp duty on UK shares.One of the main selling points of eToro and what draws many new clients in is the ability to make money by following other people's portfolios. I was listening to a great podcast from Jeppe Kirk whose eToro portfolio has made on average 25% a year over the past 10 years.Cons Explained

Margin trading not available in the U.S.: More experienced traders looking to trade crypto or other assets with margin will not find this feature on eToro. Lacks advanced trading tools and features: eToro's focus is on simplicity and user experience, primarily targeting a broad investor base.

This powerful platform offers a wide variety of leading assets, pro-level trading tools and social investing features all rolled into one user-friendly interface. Many are drawn to eToro for its vibrant investing community, where more than 30 million users from all over the world can come together to connect and trade.

Do you actually make money on eToro : You can make money on eToro when the market goes down by shorting stocks, indices, or commodities with CFDs. CFDs are contracts for difference, where your profit or loss is based on the opening and closing price of a trade. But in practice, it is the same as buying or selling stocks.

Can you make a living on eToro : But the real money-making ability comes from being a popular trader on eToro comes when you are classified as an “Elite” investor where you can earn up to 1.5% a month of annual AUC (accounts under copy). Trading with leverage involves high risk.

Why is eToro bad for beginners

Only trade in USD

This is not only bad for beginners but is also bad for all eToro clients. eToro, only allow you to invest in USD so if you are based in the UK, deposit GBP into your account, then buy a UK share like Lloyds, eToro will make you convert your GBP into USD.

eToro is a legit broker regulated by top level authorities worldwide. eToro is popular because the offer copy trading and social trading strategies. Company headquarters are in Israel, but most other eToro users are worldwide. It was funded in 2007 but the actual CEO and part of his family.If the market moves against you, you may sustain a total loss greater than the funds invested in a specific position. You are responsible for all losses in your account up to the equity in your account.

Can you make a living from eToro : The Popular Investor Program enables talented and experienced investors to potentially generate a significant level of income by being copied by other investors on the eToro platform. If you meet the requirements to become a Popular Investor, apply to the program and get paid when people copy your trades.