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eToro Review 2021 – Everything you need (Updated 2021)

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eToro review

Trading on eToro web platforms and other applications

eToro offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so here.

eToro also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.

eToro Review Mobile App Financial Markets

eToro Review Mobile App Trading Community

eToro Review Review Mobile App Trading

You can download the IOS and Android apps from the links below. eToro users report the IOS and Android apps as easy to use.

See eToro’s platforms

Is the eToro Trading Platform Secure?

eToro safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms.
eToro also urges its clients through
its web platform to always look for the SSL security sign (a lock sign) o the browser while operating eToro.

eToro Trading Platform Options

eToro does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

eToro offer an their own custom trading platform developed and tested in house.
The eToro trading platform allows traders to
track their portfolios, track the current markets, locate trade ideas and place trades.

The eToro platform allows traders to filter the financial marketplace for trade opportunities
that match a criteria.

With eToro you can look for and examine opportunities with actionable research and stock evaluations.
Get streaming real-time information on the eToro platform including news and quotes.
Discover possible trades with the strong charting tools found with eToro.
eToro is available as downloadable applications or online through the cloud.
Monitor your orders with eToro and receive breaking news in your positions.

eToro Trading Dashboard Home

eToro Review trading dashboard home

eToro Dashboard Main Screen

The eToro trading dashboard is the first thing you will see after you have logged in to your secure eToro trading account.
The eToro dashboard helps to get a quick overview of financial market conditions.

The main screen displays a live price summary of securities and other financial assets. These are live market prices that are constantly being updated in real time.

You can have a look at how the most popular stocks, commodities, Indices, Forex currencies, crypto currencies and other financial assets are performing on the live markets.

The interface is clean with a simple navigation panel to the left.

eToro Dashboard Navigation

The main navigation for the eToro trading platform is always within easy access. Whether you are viewing on a desktop computer or mobile device
you will always only be 2-3 clicks away from whatever you need.

A good easy to use UI design and a trading platform that responds to your actions quickly is crucial for active traders.
The financial markets can be extremely volatile, responding to market news and trends can make or break a traders trade.

The eToro navigation is well designed and responds quickly the platform feels very sturdy.

The eToro trading platform has the following navigation options on the left panel so you can quickly review markets and access what you need.

  • eToro Watchlist
  • eToro Portfolio tracker
  • Market News Feed
  • Trade Markets with eToro
  • Copy People – Copy other traders on eToro
  • Invest in CopyPortfolios with eToro
  • eToro Club Dashboard
  • Invite Friends to eToro
  • eToro Help Portal
  • eToro Guides
  • Withdraw Funds from eToro
  • eToro Demo and eToro Live markets toggle
  • Search markets and people on eToro

eToro Charting

eToro Review Charting ProCharts

eToro ProCharts

eToro offers a few pretty good charting options. In the image above you will see eToro ProCharts displaying a candle chart for Apple Computer Inc.

eToro allows to configure these charts so you change how they are displayed. You can change the charts data feed period from 1 minute to 1 week. The chart updates instantly.
Its important that if you are serious about trading actively on live financial markets you should fully understand the range of charts and tools on the etoro platform.
Although hard at first practice and taking the time to understand these tools will eventually make them easy to use and give you a greater chance of success when trading.

eToro Charting Types

eToro offer the following chart types :

  • Candle
  • Hollow Candle
  • Bar
  • Line
  • Mountain

eToro Charting Tools

eToro offer the following charting tool options :

  • Measure
  • Channel
  • Annotation
  • Fibonacci
  • Horizontal
  • Vertical
  • Line
  • Ray
  • Segment
  • Rectangle
  • Eclipse
  • Doodle
  • Pitchfork

Available eToro Charting Studies

eToro offers the following charting tool studies :

  • Accumulation / Distribution
  • Accumulative Swing Index
  • ADX / DMS
  • Alligator
  • Aroon
  • Arron Oscillator
  • Average True Range
  • Awesome Oscillator
  • Bollinger Bands
  • Center of Gravity
  • Chaikin Volatility
  • Chande Forecast Oscillator
  • Chande Momentum Oscillator
  • Commodity Channel Index
  • Coppock Curve
  • Detrended Price Oscillator
  • Donchian Channel
  • Ehler Fisher
  • Elder Ray Index
  • Fractal Choas Bands
  • Fractal Choas Oscillator
  • High Low Bands
  • High Minus Low
  • Highest High Value
  • Historical Volatility
  • Ichimoku Clouds
  • Intraday Momentum Index
  • Keltner Channel
  • Linear Reg Forecast
  • Linear Reg Intercept
  • Linear Reg R2
  • Linear Reg Slope
  • Lowest Low Value
  • MACD
  • Mass Index
  • Median Price
  • Momentum Indicator
  • Money Flow Index
  • Moving Average
  • Moving Average Deviation
  • Moving Average Envelope
  • Parabolic SAR
  • Pivot Points
  • Pretty Good Oscillator
  • Price Oscillator
  • Price Rate of Change
  • Prime Number Bands
  • Prime Number Oscillator
  • QStick
  • Random Walk Index
  • Ravi
  • RSI
  • Schaff Trend Cycle
  • Standard Deviation
  • Stochastic Momentum Index
  • Stochastics
  • Swing Index
  • Time Series Forecast
  • TRIX
  • True Range
  • Typical Price
  • Ultimate Oscillator
  • Vertical Horizontal Filter
  • Weighted Close
  • Williams %R

eToro Chart Stats and Indepth Details

eToro Review Charting Statistics

eToro allows you to view easy to use detailed statistics on financial securities and other assets.

In the image above you will see that you can change the date range of the AAPL chart,
view the previous close, days range, 52 week range, average volume, 1 year return, market cap, profit / earnings ratio, revenue, EPS and dividend yield.
All easily accessible within the eToro platform.
Charting tools are very important when trying to analyse market conditions trying to monitor and spot trends that will help your investment strategy.

eToro Financial Summary

As you scroll down the eToro statistics page you can see a financial summary of your selected security.

This includes some very useful information like income statements, balance sheets and cash flow statements.

eToro News Feeds

eToro Review News Feeds

eToro have a news feed built into the platform where you can read the market news from other traders on the eToro platform.

These news feeds are very active allowing you review market events and get a sense of market trends and sentiment.
Although some of this information may be useful you should do your own independent research and verify every piece of information you act on.

eToro CopyTrader

eToro Review CopyTrader

eToro have an innovative feature called eToro CopyTrader.

eToros CopyTrader allows registered users to copy trades of other succesful traders on the eToro platform.

For convenience and ease of use, eToro layout the Copytrader page by Editors choice, Most Copied, Trending, Top Investors, Lower Risk Score, Medium Risk Score.

You can also search the eToro platform for specific successful traders in the niche that you are looking to trade in and view their news feed,
see their trading statistics and performance.

eToro Copy People Search Filters

You can filter your search for traders to copy by specific country.

You can filter the type of market you want your traders to trade in for example: Forex brokers trading currencies, Crypto, Commodities, Indices, Stocks and ETFs.

Another great feature is that you can filter traders to copy by the average percentage their trading as gained.
You can type in a number for example show only traders who have gained 10% over the last 12 months.
You have a duration filter that accompanies the percentage gain filter, this means you could return traders that have gained 10% over the last 1 month to 2 years.

A very exciting feature. But of course you have to take these tools with a pinch of salt. Do your own research before committing to any trading activity.

eToro Copy People Trader Statistics in Detail

eToro Review Trader Stats
eToro Review Trader Stats

As you can see from the screen capture above you can see a specific traders trading performance historically by month and year.
Understand that when you view any of these stats, although easy to use past trading performance is not a indication or guarantee of future trading performance. eToro updates this statistics data every day.

eToro Trader Risk Score

eToro display a risk score for each trader.
This trader risk score is an average calculated using eToros bespoke risk score algorithm using data from that user over the last 7 days.
You can see how a traders risk score has changed over previous months and years.
You have an average percentage of that traders max drawdown over the last day, week and year. The eToro risk score is a value from 1 to 10.
A 10 risk score being a high risk eToro trader and a 1 being estimated as a low risk etoro trader.

The trader statistics detail page shows how many other registered eToro users are copying this trader.
You can see from the screen capture that 19,892 traders are copying the trader above.

eToro Trader Trading Type Breakdown

As you scroll down the trader statistics page you will be able to see a breakdown of the types of financial assets and securities they are trading.

You can see the total number of trades completed over the last year. The trade data is displayed in percentage, segregated into
how what percentage of these trades were stocks, indices, crypto, ETFs, commodities and currencies.

eToro Trader Average Trading Stats

Some of the most important values here are the average percentage of trades that were profitable and the average of traders that had a loss.
On the far right there is a percentage of profitable trades.

You will be able to see which securities are most frequently traded by your selected trader and how profitable
they were when trading those financial assets.

You can see on average how many trades they complete each week, their average holding time, how many weeks on average their
trades have been profitable and the date the trader completed their first trade on the eToro platform.

Invest in Copy Portfolios

eToro Review CopyPortfolios

eToro offer a portfolio management product called eToro CopyPortfolios. CopyPortfolios allows eToro clients to copy markets and traders based on a predetermined trading strategy.

eToro CopyPortfolios should not be considered as hedge funds or exchange traded funds.

The eToro CopyPortfolio page is separated into the following sections : Top trader portfolios, Market portfolios and Partner portfolios.

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