Many of these portfolios are not user friendly and hard to understand for new investors who do not know how to pick one. If you don’t have 100 Usd you can sign up, do simulations, spy on others, but you can’t do real operations. I have been an eToro Europe user for many years.So I can speak about my first-hand experience on eToro as a long-time investor. Potentially unwanted programs like Etoro.bet often find their way onto users’ devices unintentionally, as users can be deceived into unknowingly downloading them. This can occur when users agree to an extra download mentioned in the terms and conditions of software installation.
Trading Cryptocurrencies on eToro
In order to help newcomers into the world of trading, eToro puts a lot of weight on its social trading features like copy trading and copy portfolio. As you will see in this eToro review, their trading platform is slowly outgrowing a mere social trading platform and expanding into a real social network, with a focus on trading. Yes, we can make money with this trading platform, where it helps the traders to copy the trading strategies of other traders who are successful by using this platform. The traders can buy and hold stocks, and they can copy the popular investor’s strategies so that in doing so, they can increase their profits. The trader should keep in mind that they should not invest what they cannot afford to lose.
Signing up takes less than five minutes and there’s no need for slow verification methods or confirmations. You just need to fill out your user data and a short questionnaire on what kind of a trader you are. The platform requires each newly registered user to read through a short educational post about the risks cryptocurrency trading before allowing them to use eToro’s trading features.
Why do people keep saying etorro is a scam?
In addition, if you are ever in doubt as to whether a communication is from us or witness any other suspicious activity on the eToro platform, please do not hesitate to contact us. It is very helpful for new traders where the copy function helps them to pick a popular investor and they can copy their winning trade strategies to get more profits. They can also use Social trading for traders who do not have any experience in trading. In the same way, beginners can also copy the trades of experienced traders, which is a rather quick and easy way of using this platform. When you sign up to eToro the also offer (included and free) the social trading strategies. So that you can be in contact with millions of other investors and even copy their moves if you wish to.
Is eToro Safe for European Investors in 2025? Real User Experience & Warnings
In the UK, it is regulated by the Financial Conduct Authority; it has been recently licensed in the United States. This undesirable application can cause instability in web browsers by modifying critical settings, introducing incompatible software, or consuming system resources. Users may experience frequent crashes, slow performance, or unresponsiveness while browsing.
More About Etoro Fees and Charges
Another key point debunking the misleading claims that eToro is a scam is the fact that this broker is endorsed by many traders. A lot of Reddit users admit that eToro is a legitimate trading platform, rubishing contrary accusations and highlighting their positive experiences with the platform. This trading platform aims to make trading accessible to anyone, anywhere, and reduce dependency on traditional financial institutions.
- In these cases the amount available to withdraw from eToro may be less than the original one, since the asset we have invested in may be less valuable than before.
- This tactic is common among online scams, as it creates a false sense of trust.
- It is absolutely safe to have money on eToro since it is a reliable financial broker serving its customers since 2007.
- You’ll find answers about copy trading, deposits/withdrawals, verification, community, your account, troubleshooting, and much more.
- They posed as experienced brokers when contacting the victims via a fake call center and used manipulated software to trick them.
- The platform doesn’t allow third parties to make payments in your name.
61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. It has been there in the market for more than a decade, intending to help traders so that they can earn profits when they are trading. Currently, this platform offers several tools and a good user interface for investors who are interested in trading. Also, it offers a social trading platform which is a new concept when compared to traditional trading.
If a scan detects any suspicious programs or applications, immediately follow instructions to safely remove them. 2-Factor Authentication requires you to sign in both with your password and a security code sent to your phone (via SMS or phone call), which adds an extra layer of security to your account. The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.
- Persuaded by the advisor, the user chose «Plan A» and paid RM400 to the bank account specified.
- In order to help newcomers into the world of trading, eToro puts a lot of weight on its social trading features like copy trading and copy portfolio.
- This is important to know that other social trading platforms generally grant both discretionary (manual) trades and automated methodologies, while eToro’s system comprises exclusively of manual trading.
- Moreover, our study on the Etoro.bet threat is supported by VirusTotal.
- Professional Clients need to meet certain criteria, such as trading volume, transaction frequency and/or professional experience.
As with any investment, your capital is at risk, and eToro goes to extra lengths to inform their new traders about this. Any form of investing, be it traditional stock investing, or options trading, involves risk. EToro encourages its clients to take safety measures and provides various tools for reducing risk while encouraging responsible investing.
If the platform seems too complex to use, it probably isn’t right for you. EToro’s simple interface offers some of the world’s leading fintech instruments, online learning courses, an innovative mobile app, a weekly newsletter, and much more. Generally speaking, scammers don’t go to such lengths to benefit their users.
thoughts on “Is eToro Safe for European Investors in 2025? Real User Experience & Warnings”
The site also displays highly inflated user statistics to appear popular and trustworthy. It claims to have thousands of active players and registered users, but these figures are likely fake. Many scams inflate numbers with bots and fake accounts to make the platform seem more credible. Legitimate sites often show gradual user growth, not exaggerated statistics. Investopedia defines it as a leading trading platform that allows traders to make money through copy trading or sharing their own trading strategies with other traders.
The user in this article is not the first victim of a fake eToro scam. Earlier this year, several other victims of fake eToro told us how they were scammed. It’s impossible to say for sure if this is the same group of scammers, but the tactics used by the scammers are almost identical. I believe in helping people, which is why I share what I am learning.
If your computer is infected with this browser-based threat, you should immediately run a virus scan using reputable antivirus software. If the software detects the malware, you should follow the removal instructions provided by it to eliminate the infection and restore your browser settings to default. By following these steps, you can minimize the risk of potentially unwanted program intrusion and keep your PC system safe and secure. While adware is primarily an annoyance and can compromise user privacy, it is often a means for companies to monetize free software and services without directly charging users. Etoro.bet falsely claims famous entrepreneurs and athletes like Elon Musk and Cristiano Ronaldo are involved in the platform’s creation. This tactic is common among online scams, as it creates a false sense of trust.
Besides the mentioned $5 withdrawal fee which is highly uncompetitive when compared to other brokers, eToro charges overnight/weekend fees. Market hours, spreads, etoro and overnight fees vary from asset to asset and can be found here. Your personal/credit card info will be protected with the Secure Socket Layer (SSL) technology.