eToro is also the perfect place for beginner traders because you can communicate with other traders, both new and experienced, to discuss market events, analysis, and speculation.
However, one downside we noticed during our eToro review was the large spreads and fees for EU countries. Unfortunately, this prevents it from being an ideal candidate for active traders and those who work in high volumes. Therefore, some may be tempted to join more competitive brokers such as Fortrade.
Despite this minor setback, we found that if you wish to trade Crypto, then eToro may be your best match. It provides you with your own personal wallet, so unlike other brokers, you can actually own your Crypto as an underlying asset. Crypto spreads on the other hand, are large, but it is difficult to find one platform with as much variety, accessibility, and everywhere else providing the Crypto service will have similar spreads and fees to eToro.
Another weakness of eToro was its lack of educational tools. There is a small section to see ‘research’ on individual instruments, but other than that, there is little (other than the social media aspect) to give traders any information on becoming a better trader.