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Etoro Danger: Should we worry before using the platform?
Etoro trading and investment platform that has attracted several million individuals around the world. Despite everything, some users wonder if they present a danger . Let's examine the concrete risks, regulatory aspects and practices of this broker in order to help you judge for yourself.
Table of contents
Etoro, danger? a regulated broker
Created in 2007, Etoro is recorded by various regulators including CYSEC (Cyprus) and recognized as PSAN by the Autorité des Marchés Financiers ( AMF ) in France. This structure allows the platform to provide its services throughout the European Union . Indeed, the European passport authorizes a broker in a Member State to offer its services in all the others.
On the practical level, the question of danger is mainly arising in terms of:
- Loss of capital caused by leverage and market volatility.
- Costs and costs that can decrease possible gains.
Etoro, danger? Fresh and Spreads: Black Point
Regarding cryptocurrencies , Etoro often receives criticism on his prices. It is not always the most advantageous, especially on the active crypto . The problem is at three levels: spreats, conversion costs and fixed commissions.
Fresh and Spreads: why Etoro is not the most advantageous for cryptos
Many users consider that Etoro applies uncompetitive costs cryptocurrencies . Here are the main costs identified:
- Spreads : This refers to the difference between the purchase price (ASK) and the sale price (BID). On Etoro , these values do not directly correspond to the rating of the real market. There is indeed a margin imposed by the platform, sometimes generating a notable gap on cryptos .
- Conversion fees : Since the accounts are denominated in USD , each depot in euros will have to be converted, which results in additional costs of up to 0.5 % to 1 %, depending on your status on the platform.
- Fixed commissions : for the direct purchase of certain cryptocurrencies , the applied rate is around 1 %. On Binance or OKX for example , these costs are generally limited to 0.1 %.
Etoro does not put you in touch with other investors via a order book . Clearly, you treat exclusively with Etoro, which can thus decide on its own prices. For a long -term investor, it is not necessarily dramatic. On the other hand, for an active trader looking for lower costs peer-to-peer , it is not optimal.
Comparison with more attractive alternatives
If your goal is to minimize costs on cryptocurrencies and access a larger number of cryptocurrencies, other platforms offer better conditions:
- Binance :
- Bitvavo :
- Bitvavo offers two distinct interfaces: a simplified version thought for beginners, allowing the direct purchase of cryptomonnaies in a few clicks, and a pro advanced platform, with access to the order book , as at Binance or OKX. This double environment makes the user experience particularly accessible, even for novices.
- On the simplified version, the costs are among the lowest on the market for direct purchases, around 0.25 % , without Spreads . When a price difference exists, it is clearly displayed on the screen.
- The platform gives access to more than 300 cryptocurrencies , is based in the Netherlands , and benefits from a PSAN recording in France .
- Note: Bitvavo is only available for resident users in Europe .
- Okx :
- Very low trading costs, around 0.1 % maximum, or even less if you hold their dedicated token.
- Staking , yield farming and varied DeFi
- MiCa certified in February 2025, a first in Europe, which expanded its possibilities to operate in various countries.
- A bit technical interface for a neophyte.
In conclusion, if you want to reduce your costs and access a greater diversity of active crypto , opt for Binance , Bitvavo or OKX for example is often more advantageous than Etoro . We also recommend that you read our full comparison of cryptocurrency platform fees if you want more details.
Copy trading via etoro: is it safe?
Copy Trading is one of the major marketing assets in Etoro . It allows you to automatically copy traders strategies deemed more experienced. social approach to trading is attractive, especially for beginners who wish to access a form of " delegated management ". But several important elements should be emphasized:
- Past performance : they do not presume future performance. A trader can experience a phase of luck or success, then wiping heavy losses thereafter.
- Lack of personalization : you copy someone else's strategy, without taking into account your risk profile or your investment horizon.
- Confidence effect : Some popular traders are followed by thousands of users, which can create an excavation effect or amplify the volatility of an asset if everyone does the same thing.
Copy trading itself is not a danger, but it can induce a lack of personal analysis . If the " copied " takes excessive risks, you will also pay the price.
Etoro, danger? IT security and the availability of the platform
At the 2025 scale, ETORO has a solid infrastructure and a turnover . Technical breakdowns or prolonged service interruptions remain exceptional. In terms of IT security , customer bases are encrypted via an SSL , and the platform offers double authentication (2FA) to connect to its account. This limits the probability that a hacker enters your user interface.
Like any broker , Etoro is not immune to an incident or a punctual flaw.
How to manage security risks on Etoro?
- Activate the 2FA : always require a code sent by SMS or via an authentication application to connect.
- Change password regularly: use a long and unique access code.
- Avoid connections from public or unknown Wi-Fi.
Cryptocurrency transfers work via Wallet Etoro or other personal wallets . If you plan to keep tokens in the long term, it is better to opt for a cold portfolio (hardware key), so as to reduce the risk of exposure .
Etoro, danger? What potential recourse in the event of a dispute?
If you judge that your account has been unjustly closed, that you have encountered a bug leading to losses, or any other problem deemed "critical", you have several remedies :
- ETORO Customer Service : First contact point.
- Mediation : You can seize the mediator of the broker or an approved mediation organization. As a last resort, contact the Financial Ombudsman (Cyprus) if you live in Europe, Car Etoro is regulated by Cysec .
- Financial Markets Authority (AMF) : ETORO being PSAN , the AMF can intervene in the event of a serious breach. However, the AMF will often redirect to CYSEC if the dispute concerns the management of CFDs .
Can Etoro go bankrupt?
Another current concern lies in the question of bankruptcy . Despite the rapid growth of Etoro , no sign suggests that an imminent risk of cessation of payments hanging over the platform. It has also raised tens of millions of dollars (among others via financing towers from capital Group or BRM Group ), with valuation greater than $ 5 billion . In the event of insolvency, your assets in live titles are normally segregated , while your funds are subject to a legal warranty.
Why do some speak of danger linked to Etoro?
In most cases, we find:
- Beginner traders having taken a position with a strong lever and lost their putting in a few days.
- A poor understanding of the costs, in particular exchange costs and the Spread commission .
- The feeling of being deceived by copy trading or by influencers highlighting an overly attractive return on investment
Etoro is not a scam per se, given its regulatory supervision and its seniority . But the advertising of the platform, associated with its costs not always very explicit, explains this feeling in some. Get to know the mechanisms and assess your own risk tolerance before trading.
Advice to limit the potential risuqes via etoro
Here are some recommendations in order to use the platform without exposing you too much:
- Avoid the lever if you are not experienced. Start with live actions or ETF cryptos .
- Monitor costs : take into account exchange costs , spreads and commissions . Make a small calculation to estimate the impact on your potential earnings.
- Choose carefully the traders to copy if you use copy trading . Observe their history and their level of exposure to the lever .
- Keep an eye on financial news . Markets sometimes have violent reactions, especially on cryptocurrencies .
Also be aware that a good part of unpaid users sooner or later suffered high losses on this type of online broker Master your emotions and drop only the money you are ready to lose.
Conclusion: Is Etoro really a "danger"?
Etoro is not a danger . The broker is reliable, regulated and recognized. It offers a varied offer: live actions CFD in Fort Levier , Copy Trading , etc. The platform highlights arguments of simplicity which appeal to a large audience, including the beginnings of investors .
The danger may especially arise from a ignorance of certain financial mechanisms and from a possible overexposition to the lever . High Spreads can also erode gains. As for Copy Trading , it can encourage the strategy without checking if it is adapted to your risk tolerance, but this is the responsibility of the investor and not the platform.
Ultimately, if you are looking for a platform to discover trading , Etoro can suit. Avoid falling into the trap of an lever effect , do not hesitate to compare the costs with other players, and form a minimum in the operation of the market . Danger is above all to get started without method or understanding of risks .
Learn more
Before embarking on the market for active crypto or CFD trading , take the time to:
- Study the andoro tutorials
- Read our comparison of the costs applied by different cryptocurrency platforms .
- Clearly define your objectives (short -term trading, long -term investment).
For the time being, Etoro meets the needs of some of the investors anxious to find an easy -to -hand interface to buy actions or cryptos . But if you attach great importance to cost control, especially for cryptocurrency trading , look at the competition well: many cryptos exchanges display rates often lower. It all depends on your profile and the importance you give to spreats , ergonomics copy trading tools .
Investments in cryptocurrencies are risky. Crypternon could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a property or service put forward in this article. Readers must do their own research before undertaking any action and investing only within the limits of their financial capacities. Past performance does not guarantee future results. This article does not constitute an investment advice.
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AMF recommendations. There is no guaranteed high yield, a product with high performance potential implies a high risk. This risk taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital .
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Yohan Uzzan
Training engineer, I quickly became interested in the field of finance. Convinced that decentralized finance has a bright future ahead of it, I participate in its democratization by developing Crypternon.
