eToro

With an active community and transparent fee structure. Being recognized as one of the largest social investment networks in the world, with some even claiming to be the largest social investment network in the world.

eToro gives you access to a considerable amount of standard brokerage features such as price alerts, news feeds, watchlists, and custom charts. But what makes it unique is its huge community and its automated trading models.

It is also possible to emulate investment strategies, even being rewarded if your trading strategy is used by another investor.

An advanced trader earns in some cases annual rewards equivalent to 2% of their average balance for having followers on the platform.

Offering investors a virtual trading account to practice strategies. And like its opponents, eToro also charges zero commissions on trading stocks and ETFs.

For a beginner, cryptocurrency exchange prices can be a little difficult to understand. Fortunately, eToro keeps its fees clear and simple.

In the past, an eToro spread used to fluctuate depending on the currency and fluctuate depending on market conditions. But nowadays, the platform charges a flat spread fee of 1% on all cryptocurrency purchases and sales.

eToro fees

EToro does not charge trading commissions or account management fees, unlike some platforms. It also does not charge fees for withdrawing money, even if it has a withdrawal minimum of $30.

Being charged an average crypto transfer fee of 0.50%, with a maximum of $50, when making transfers from the eToro app to the eToro Money Wallet, which is required for eToro platform currency transfers. Fees charged for crypto-to-crypto conversions, as per eToro market rates, average 0.1%.

Copy Trader and Popular Investor

Once registered with Copy Trader, you will be able to copy the main strategies of traders who receive the name of Popular Investors.

There is no fee to participate. Since Popular Investors are paid by eToro, and once you have made your trading bones you can also be a popular investor.

It is also possible to make use of one of eToro’s offerings related to SmartPortfolios to copy the performance of portfolios managed by eToro. Which makes her practically a no-fee consulting robot.

Social trading community

Things like social media feed or thoughts and comments are present at all times on eToro, which makes it a kind of social network, giving you access to the opinions of all types of users on cryptocurrencies, markets, and assets in general.

However, while you have access to opinions on virtually every type of currency or managed portfolio, that does not mean that such opinions on that currency or portfolio are quality or correct.

eToro Club

It is a premium membership that gives users access to more features based on their balances. (Officially, eToro calculates membership standards based on your ´´realized equity“, equal to the amount you spent on eToro bond purchases plus your cash value.) eToro Club provides users with:

• A dedicated expert trading support
• A market information bulletin with analyst reports
• live webinars
• Early access to new products,
• Mobile apps (Toro Cryptocurrency Trading and eToro Money).
• Which are widely available for Android and IOS.

The application intended for trading resembles the web platform, and the wallet application allows users to send and receive tokens, in addition to the possibility of converting cryptocurrencies into other currencies.

But you have to understand that the only way to transfer coins from the eToro platform is with the eToro Money wallet app. Which is a necessary step to maximize your security by storing your crypto assets in an offline cold wallet.

And it is not very common for a competitor to allow you to transfer your coins to another platform, which is also one of the great advantages of eToro. But unfortunately, there is a fee for doing so.