eToro is an excellent platform
eToro is an excellent platform. It has good information usability and access to really knowledgeable traders. I have two concerns - its cost structure both for trading and withdrawing money are not clear and I have no security over my money as the are registered in Cyprus. Could the money just disappear and what would happen if it did? I use it to learn
Reply from eToro
Hi Howard, thank you for your review. Here at eToro we do our absolute best when it comes to transparency on the platform especially with our fees and spreads. You may refer to this page for clarification: https://www.etoro.com/customer-service/market-hours-fees/
Our withdrawal fee is $25 across all amounts and the minimum withdrawal amount is $50. You can find more info on that here as well: https://www.etoro.com/en/customer-service/withdraw-faq/
We are regulated by both the FCA and CySEC which means that your account is insured in case of eToro's bankruptcy. You may also contact our customer service for more information on this.
Thank you
-Adoley