eToro is recommended trading system for April 2024

1
Min. Deposit
250 $
User Score
9.9
  • 0% commissions
  • Investments insurance
  • Copy-trading
We are aware of numerous websites which use false celebrity endorsements to send customers to unregulated brokers or call centers. Our website will only send customers to partners who have provided us with the required regulatory assurances. This is a marketing offer and our regulated partners will indicate what services they have available upon registration.

eToro is certainly one of the most innovative platforms as it has developed copytrading which is a feature that no other investment platform has. eToro was founded in 2007 with the idea of making the world of investment more accessible and the innovations it brings to the market have precisely this goal.

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Find the safest Places to Invest

1
Min. Deposit
100 $
User Score
9.1
  • 0% commissions
  • Investments insurance
  • Demo Account
2
Min. Deposit
100 $
User Score
8.7
  • 0% commissions
  • Investments insurance
  • Demo Account
3
Min. Deposit
20 $
User Score
7.9
  • 0% commissions
  • Investments insurance
  • Demo Account

How Users are Rated - eToro

The Mtxplus team analyse and rigorously review brokers in the industry so you don’t have to. The team evaluate a list of no less than 57 items but some key points include:

Plus many many more...

Why is it necessary to have a broker?

Brokers are needed because stock exchanges will only accept orders from stock exchange members - brokers arrange transactions between a buyer and a seller. They receive a commission after the deal is executed (although, at times, they choose to reduce or even eliminate the fees for certain trading products).

What to look for in a broker?

When looking for a broker, you need to make sure you take into consideration:
Commissions
Experience
Customer service
Variety of products
They are not the only things to take into consideration, but certainly the elements to start from in your search.

How do you choose a broker?

The basic criteria to use in choosing a broker are few and simple. Without doubt, your number one priority should be ensuring the safety of your funds. Firstly, this means making sure that the broker you choose will not steal your deposit. You can best take care of this by making sure that you only use a broker based in and regulated by a financial authority in a respected financial center. Secondly, you need to make sure that even if the broker operates honestly, but goes bankrupt for any reason, that you will be able to recover your deposit. One measure that can be taken here is to only deposit with brokers whose regulators offer deposit protection for clients (such as regulated brokers in the U.K. or Australia, for example). This means that even if your broker goes broke, the government will bail you out by paying back your funds up to a certain amount, although it might take some time. Beyond that, try to choose a broker with a healthy financial situation and a good reputation. Once you have taken these precautions, you can look at what your potential brokers offer in terms of range of available assets to trade, spreads and commissions, overnight financing charges, and speed and reliability of trade execution – and make your choice accordingly.