Minimum Deposit: $200
Regulations: CFTC, CySEC, FCA, ASIC, MIFID-ESMA
With its own proprietary platform known as CopyTrader, eToro is heavily focused on social trading strategies, great for beginners looking to leverage the knowledge of more experienced traders.
Its Popular Investor program is relatively unique, allowing those who share their trades and recruit copier traders to earn additional financial rewards.
The downside is that eToro’s spreads are not as competitive as those offered by other brokers, so if you are a day trader looking to capitalize on small profit margins from several trades per day, it may not be the best broker for you.
That said, it is an excellent option for anyone looking to develop their knowledge and expertise through its copy trading functionality.