eToro review 2023.
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6 min read Published April 29, 2022.
Written by James Royal.
Arrow Right Senior investing and wealth management reporter.
Bankrate senior reporter James F.
Royal, Ph.D., covers investing and wealth management. His work has been cited by CNBC, the Washington Post, The New York Times and more.
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Edited by Brian Beers.
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For American traders, the broker eToro is cut out for one thing – trading cryptocurrency – though investors outside the U.S. can also trade stocks commission-free. eToro offers a blend of trading and social media, allowing you to see what others are trading and even copy them instantly at no additional charge. It’s a cool feature that puts you in touch with the site’s best traders. The broker has a low account minimum and dozens of cryptocurrencies available to trade, making it an attractive option for traders who are just getting started in the crypto world.
Those looking for cheaper commissions could turn to Crypto.com, FTX.US or Bittrex, each of which are outfits focused solely on cryptocurrency. If you’re looking to trade crypto in addition to other traditional financial products, then have a look at Robinhood and Interactive Brokers, both of which offer a range of products, including stocks, ETFs and options.