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eToro App Review - See How You Can Start Trading on the Go

Apart from the online platform, eToro also has a mobile app for Android and iOS devices. You can easily download the app for free on mobile. People who need to use eToro on other devices can still do so through a standard browser. The app allows you to buy ETFs, stocks, cryptocurrencies, and other asset classes easily. The eToro app is easy to use as it is simple and specifically designed to help beginners. This guide contains a review of the eToro app, including how to install, features, and how to use the app.

eToro App Review

The app design is innovative but simple, allowing you to perform various transactions with ease. It is available to users in over 140 countries across the globe. The app is also user-friendly as it features an active customer support option that supplies prompt answers to inquiries and queries. 

There are many technical indicators on the app, with the charts also saving automatically. If you are concerned about security, there’s nothing to worry about as the provider is licensed and there are several safeguards that ensure your assets are safe.

How to Install

If you prefer to visit eToro on a mobile app rather than on a web browser, then you’ll need to download and install the app on your Android or iOS device. 

You can download the app by visiting the eToro website and selecting the app download option. You can also search for the official eToro app on Google Play or on the Apple Store. 

However, it is important to check carefully to see that you download the official version. After you click download, the app should install within a few seconds. The next thing is to set up the app.

How to Use

After you install the app, the next step is to set up your account. You will need to create an account before you can start trading, according to regulations. You will be required to enter details such as your full name, country, date of birth, home address, social security number or National Tax Number, contact details, username, and password. Additionally, you will be required to upload your driver’s license or passport and a copy of your bank statement or utility bill to serve as a proof of address and identification. You can upload these documents easily with your phone camera.

Once your account has been approved, the next step is to deposit funds into the account. You can do this through a bank transfer, e-wallet, debit cards, or debit cards. Your payment will be processed immediately and the funds will be credited to your eToro account.

The next step is to start trading. However, before you start trading or buying stocks with real money, there is the option for operating a demo account. The demo facility allows you to gain trading experience without risking real money. The account provides a paper balance which you can use to perform demo transactions without any risk. The demo option will allow you to experience how these investments work, how to make orders, and different trading strategies. It will also let you become familiar with the app environment.

If you have become comfortable with using real money, then you can start trading or getting stocks. You can easily get stocks or other instruments through the search box on the app. After that, you will be required to set the trade parameters, such as the amount and the order type. 

The app should not be mistaken with the eToro wallet used to store crypto. That is a different app that you will also need to install if you want to store cryptocurrencies.

Features

Here are the top features of the eToro app:

Easy to Use

First of all, the app is easy to download and set up. Once you submit the required details and you fund your account. You’ll be ready to begin trading. Also, the interface is simple and descriptive, making it easy to use for mobile users. 

Copy Trading

One peculiar feature that is available on the eToro app is the Copy Trading option. This feature gives the option of choosing an investor you prefer and copying their trades and investments. You can easily copy trades through this feature even if you do not have as much capital as the trader you prefer. Once you choose to copy a trade, the copy trading feature will mirror your portfolio to match the amount you invest.

Charting Tools

The eToro app features detailed charts that help to accurately display trading information.

Smart Portfolio

The eToro app comes with a Smart Portfolio feature that allows traders to spread their investments using a predetermined theme which is managed by the provider.

Conclusion

The eToro app is a platform for mobile users to make various investments. It is easy to use and it has helpful features such as the demo account option, copy trading, and charting tools, making it one of the best trading platforms you’ll find around. You can also use it to withdraw money from eToro.

For more information about the platform, read our eToro review.

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