eToro is described as a social trading and multi asset brokerage company that focuses on providing copy trading services and it has registered offices in Cyprus and Israel.
So, it’s for people who want to trade crypto currencies, shares, binary options and so on.
There seem to be a lot of people who complain that eToro is a scam – that you can add money to your eToro account then they charge $25 for any cash withdrawal and takes ages to make such transactions whereas adding money is very quick.
This is normally the hallmark of a badly run business and hence one you should be wary of.
However there are also many people who claim they trade frequently on eToro and have no problems.
The forum at https://www.quora.com/Is-eToro-a-scam-or-a-legitimate-trading-website contains roughly equal number of people claiming eToro is a scam and those claiming it’s a good company.
If you do wish to invest using eToro do check online for latest reviews of the business and preferably don’t put all of your money on the one platform.
If you have any experiences with eToro do let me know, by email.