What are some negative reviews of eToro in the cryptocurrency community?

5 answers

• qaeess nasherJan 28, 2024 · a year ago
  Well, let me tell you, there are quite a few negative reviews of eToro in the cryptocurrency community. One common complaint is the high fees charged by eToro. Many users feel that the fees are too high compared to other cryptocurrency exchanges. Another issue that some users have experienced is the lack of customer support. They claim that it takes a long time to get a response from eToro's support team, and sometimes their issues are not resolved satisfactorily. Additionally, some users have raised concerns about the platform's stability during high trading volumes. They have reported instances of lagging and even system crashes during peak trading times. These are just a few of the negative reviews that you can find about eToro in the cryptocurrency community.
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• Rocha NolanJan 03, 2022 · 4 years ago
  Oh boy, where do I start with the negative reviews of eToro? One major complaint that I've come across is the lack of transparency. Some users feel that eToro doesn't provide enough information about the fees and charges associated with trading cryptocurrencies on their platform. They claim that there are hidden fees that are not clearly disclosed upfront. Another common criticism is the limited selection of cryptocurrencies available on eToro. Some users have expressed frustration with the limited options and have mentioned that they had to go to other exchanges to trade certain cryptocurrencies. Lastly, there have been reports of eToro's platform experiencing technical issues during periods of high volatility. Traders have complained about slow order execution and even system outages. These negative reviews definitely raise some concerns about using eToro as a cryptocurrency trading platform.
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• Adam JohnstoneJan 26, 2025 · 6 months ago
  As a third-party observer, I've noticed that there are mixed reviews about eToro in the cryptocurrency community. While some users have had negative experiences, others have had positive experiences with the platform. One common criticism is the high fees charged by eToro, which can eat into traders' profits. However, it's worth noting that eToro offers a user-friendly interface and social trading features that some users find appealing. Additionally, eToro has a strong reputation and is regulated by multiple financial authorities, which provides a level of trust and security. It's important to consider both the negative and positive reviews before making a decision about using eToro for cryptocurrency trading.
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• Sabrina Eymard-DuvernayOct 04, 2021 · 4 years ago
  Negative reviews of eToro in the cryptocurrency community? Yeah, there are a few. One complaint that I've heard is about eToro's withdrawal process. Some users have reported delays and difficulties when trying to withdraw their funds from the platform. Another criticism is the lack of advanced trading features. Experienced traders have mentioned that eToro's platform is more suitable for beginners and lacks the advanced tools and charting capabilities that they need. Additionally, there have been reports of eToro's customer support being unresponsive or providing generic responses that don't address users' specific issues. These negative reviews highlight some of the areas where eToro could improve to better serve the cryptocurrency community.
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• MrPiggy105Apr 04, 2025 · 3 months ago
  Negative reviews of eToro in the cryptocurrency community? You bet! One common complaint is the lack of control over your own cryptocurrencies. Some users have mentioned that when you buy cryptocurrencies on eToro, you don't actually own the underlying assets. Instead, you're buying CFDs (Contracts for Difference), which means you're only speculating on the price movements of the cryptocurrencies. This lack of ownership has been a major concern for some users. Another criticism is the limited deposit options. Some users have mentioned that eToro doesn't support certain payment methods that they prefer to use. Lastly, there have been reports of eToro's platform experiencing downtime during periods of high trading activity, which can be frustrating for active traders. These negative reviews shed light on some of the drawbacks of using eToro for cryptocurrency trading.
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