#1 most frequent
United States of America
35.7%5 installations of 14
What is eToro?
The eToro platform enables people to invest in the assets they want, from stocks and commodities to cryptoassets.
Categories & Use Cases
Product Demos
Who Buys & Uses eToro
#2 most frequent
Singapore
21.4%3 installations of 14
#3 most frequent
Australia
14.3%2 installations of 14
Fully-featured and easy-to-use trading and investment platform
Use Cases and Deployment Scope
We mainly invest and trade US stocks and occasionally currencies and cryptocurrencies. eToro makes it easy for us to do so compared to other options available in Malaysia. With eToro, we can deposit funds by bank wire transfer, credit card, or PayPal, making the processes both convenient and quick. Funds withdrawal is likewise straightforward.
Pros
- Access to a broad selection of stocks and ETFs
- Real-time execution of market orders
- Value-added services with eToro membership
Cons
- eToro has met our needs for an online and investment platform.
- I cannot think of anything in which eToro can improve.
Most Important Features
- Simplicity
- Funds deposit from PayPal and funds withdrawal to PayPal
- Membership perks, e.g., dedicated account manager and access to the Financial Times and WSJ.
Return on Investment
- 10-15% ROI per annum since signing up to eToro two years ago
Other Software Used
WordPress, LearnDash, Evernote, Microsoft Windows
Crypto for Investors
Use Cases and Deployment Scope
I use eToro mainly for getting exposure to various crypto assets as well as for learning about various altcoins and their associated technologies outside of the biggest, most popular cryptocurrencies for additional investment opportunities. eToro is great for this use particularly for the clear way it presents cost basis, which makes it easier to manage for strategy and taxes.
Pros
- Excellent presentation of cost basis
- Easy to get exposure to crypto as well as traditional investments
- Allows copy trading
Cons
- Some of the social features are a bit clunky
- Tax documents can take days to process after a manual request
- Sometimes promotes influencers over experts
Most Important Features
- Cost basis tracking
- Tax documents
- Price charts
Return on Investment
- Made a 400% profit
- Saved time by using generated tax document
- Spent less time tracking trades
Alternatives Considered
Coinbase and BlockFi
Other Software Used
Creality Ender Pro, Ultimaker Cura, Chrome Remote Desktop