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eToro and its pros and cons Empty eToro and its pros and cons

Wed Nov 23, 2022 2:39 pm
If you are looking to invest in crypto as part of a diverse portfolio of assets, eToro could be worth considering.

eToro offers a decent selection of crypto and non-crypto assets. Their standard trading platform is both user-friendly for beginners yet also offers advanced trading capabilities and plenty of investment research.

High fees are the main drawback of eToro. That’s a problem if you plan on trading crypto frequently. It’s especially expensive if you transfer coins off the platform without selling since eToro charges an upfront fee, which you pay even if you don’t end up reselling the coins on their platform.

eToro Pros
Advanced trading capabilities
Availability of non-crypto investments

eToro Cons
High trading fees on crypto transactions
Upfront crypto trading fees
No phone support
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