eToro
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74% of retail CFD accounts lose money.

Vs.

Robomarkets
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72.72% of retail CFD accounts lose money.

eToro Vs. Robomarkets - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Updated Apr 29 2024

Visit

74% of retail CFD accounts lose money.

Visit

72.72% of retail CFD accounts lose money.

Overview

eToro is an international broker specialised in social and copy trading that offers real stocks and cryptocurrencies along with CFDs on several asset classes.

Founded in 2012, RoboMarkets offers five different types of accounts, including its proprietary R Stock Trader and ProCents accounts, with access to 12,000 instruments. The different accounts offer different spreads and investment instruments.

Best For
  • New traders looking to use the copy trading feature
  • Experienced traders looking to monetise their skills by gaining followers
  • Passive investors looking to buy and hold shares with no commissions
  • Traders interested in trading U.S. equities, ETFS with access to 3,000 stocks
  • Traders looking for a mix of CFDs and stocks through R Stock Trader
  • Traders seeking small investments through its ProCents account
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

2

Other Licenses

2

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • FCA (UK)
  • ASIC (Australia)
  • FSAS (Seychelles)
  • CySec (Cyprus)
The Good
  • Social and Copy trading capabilities
  • Trading real shares and cryptocurrencies
  • Five different types of accounts for different types of investors, offers copy trading
  • Access to 12,000+ investment instruments, including 3,000 U.S. stocks
  • No inactivity or deposit fee
  • Offers five base currencies, including GOLD, and remote VPS Server
The Bad
  • Copy Trading statistics are not clear enough
  • Lack of advanced order placement controls
  • Withdrawals fees (EG: 2.4% on Visa and Mastercard, 2% for PayPal)
  • No integrated news feed on trading platforms
  • Serves only European Union Markets
  • Limited commodities to trade
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

Key Data
⌛ Account Opening Time
1 day 1 day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

📍 Year Founded
2007 2012
💳 Minimum Deposit Range
From $50 to $200 $100
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Sofort
  • Neteller
  • Paypal
  • Skrill
  • Visa
  • Mastercard
  • Skrill
  • Neteller e-wallets
  • PayPal
  • Webmoney
  • Fasapay
  • Wire transfers
💵 Account Base Currencies
1 - USD. 5 - EUR, USD, GBP, CHF, GOLD.
🗽 Available to U.S Citizens
Yes No
❌ Restricted Countries

AF, AL, BS, BB, BY, BA, BW, BN, BI, KH, CA, TD, CD, CG, ET, FJ, GH, GN, GW, GY, IR, IQ, JM, JP, LA, LY, ML, MU, MN, ME, MM, NA, NI, KP, MK, PK, PW, WS, RS, SO, LK, SD, SY, TT, TN, TR, UG, VU, YE, ZM.

US, CA, SY (Available only for EU Citizens).

📊 STP Account
Yes No
📊 DMA Account
Yes Yes
📊 ECN Account
No Yes
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
Hybrid Hybrid
Total Asset Offering
4,245 26,061
Exchange Access
0 0
📙 Real Stocks
2,000 12,000
📙 Stock CFDs
2,000 12,000
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
47 35
📗 Commodities
0 0
📗 Commodities CFDs
14 3
📕 Indices
0 0
📕 Indices CFDs
13 9
📔 ETFs
0 1,000
📔 ETFs CFDs
145 1,000
💸 Cryptocurrencies
0 14
💸 Cryptocurrency CFDs
26 0
📒 Bonds
0 0
📒 Bonds CFDs
0 0
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
0 0
Trading Experience
📈 Minimum Stock Trade Size
$10 1 Share
📉 Minimum ETFs Trade Size
$10 1 ETF
📈 Minimum Crypto Trade Size
$10 Varies per cryptocurrency (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots) $1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
Unavailable Unavailable
📈 Minimum Futures Trade Size
Unavailable Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
30 30
💪 Professional Leverage
Unavailable 500
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
Yes Yes
🎓 Demo Account
Yes No
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
No Yes
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes Yes
👫 Social Trading
Yes No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee

After 12 months of inactivity, a $10 monthly inactivity fee will be charged.

None
💰 Deposit Fees

Conversion fees apply.

None
💰 Withdrawal Fees

$5 flat fee.

Yes (Eg: Visa/Mastercard fee 2.4%, PayPal 2% and Netteller (1.9%).

💰 Commissions

No commissions on real stocks and ETFs

Varies per product (Eg. ETF Pro $0.0045/share).

Spreads
📈 EUR/USD
Dynamic - From 1 Pip Dynamic - From 0.3 Pips
📉 SP500
Dynamic - From 75 Pips Dynamic - From 40 Pips
📈 GOLD
Dynamic - From 45 Pips Dynamic - From 25 Pips
📉 TSLA (Stock CFD)
Dynamic - From 0.09% Dynamic - From $0.25 to $0.55
📈 XLK (ETF - CFD)
Dynamic - From 0.09% Unavailable
📉 BTC
Fixed - 1% Dynamic - From $100 to $500
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
No No
📡 Educational Content
Yes No
📡 Live Chat Support
Yes Yes
📡 Video Tutorials
Yes No
📡 Account Management
No Yes
📡 Webinars
No No