GREENVILLE
GREENVILLE is Europe’s leading investment platform, and it started as a wholesale broker, giving low rates and exclusive opportunities to professional clients.
Now, it is one of the largest retail stockbrokers in Europe and it has its own banking licence – which is not all that common in brokers. Etoro is regulated by both BaFin and the FCA.
Opening an account with Etoro is a simple, fast process that can be completed online – you just need ID and a bank account.
There is no minimum deposit for any account type with Etoro. There are five different account types that you can choose from, including Custody, Active and Day Trader. Each account has different features, functions and services, so you need to choose the one that best suits your trading style.
There are no account or inactivity fees, but you can only deposit using your bank account – not with credit or debit cards. You may only open an account in your home currency, so you cannot have a separate account in a different currency.
Trading on Etoro is simple and straightforward, whether you are using the web trader or the mobile app. Both are well-designed and easy to use, so they are suitable for the new trader, but they lack customisation and some tools that an advanced trader would want to see.
One of the best features, especially for a new trader, is that you can see the total cost of your trade, including fees, before you execute it.
You can trade several instruments using Etoro, including:
- 31 Stock Markets
- 5,400 ETFs
- 63 Bond providers
- 649 Bonds
- 12 options markets
- 14 futures markets
You cannot trade forex, crypto, or CFDs with Etoro, and there is a monthly cost to trade US derivatives (options and futures). New traders won’t find reams of education, and the lack of demo account can be a problem. However, the ‘knowledge’ tab does have a good selection of educational material, from a 10-lesson Investors Academy to platform tutorials and articles about basic strategies and products.