Regulated, Tested, & Trusted
4,398 users chose this broker via ChooseBestBroker
Summary
eToro is a regulated & trusted broker that offers market access to global financial products. eToro is a very good option for anyone looking to trade stocks, CFDs, forex, and cryptocurrencies with low fees using one of the best and user-friendly mobile trading apps available. The platform stands out for its commission-free stock and ETF trading, social copy trading, smooth & easy account setup, and a wide selection of crypto assets.
eToro became widely known for its copy trading, which allows you to see and copy trades of other traders. Copy trading combined with user-friendly and easy to navigate design made eToro broker very appealing to new traders and investors.
There are many pros but eToro has some downsides worth mentioning too – this broker charges pretty high fees for withdrawals, there are inactivity fees, and currency conversion cost is not the cheapest. It also lacks flexibility in its account types with only a few options to choose from, and customer support can be difficult to reach or slow to respond to your requests.
If you are located in the US, it is also worth noting that eToro USA LLC doesn’t offer trading of CFD products.
Pros & Cons
| Pros | Cons |
| Low fees | Withdrawal fees |
| Easy account setup | Inactivity fees |
| Easy copy trading | High currency conversion cost |
| Strong regulation & safety | Slow customer support |
Trading fees
eToro is actually one of the most affordable brokers for casual traders as they charge one of the lowest fees for stock and ETF traders. In most regions, stock and ETF trading is usually free or very low-cost. Forex trading fees are average.
Regarding CFD trading, unfortunately eToro doesn’t offer low fees for CFDs. CFD trading can get expensive, and there are additional non-trading charges, for example – withdrawal fee of $5.
However, eToro offers significantly lower fees than market average for US stocks – most traders pay only ~$1 per trade. UK and Irish users enjoy zero-commission trading. Australian and New Zealand traders, as well as those trading on exchanges in Australia, Hong Kong, Dubai, and Abu Dhabi, pay on average ~$2 per stock trade.
ETF trading is completely commission-free for all users.
| Pros | Cons |
| Low stock trading fees | High CFD trading fees |
| No fees for ETF trading | High currency conversion fees |
One thing to note is that leverage is not available for buying real stocks. If you trade stocks in currencies other than USD – like GBP or EUR – your trades are automatically converted to USD at an exchange rate with a markup.
Luckily, users in the EU and UK can deposit and trade in EUR or GBP, this way they can avoid conversion costs.
Forex and index CFD fees are built directly into the spread, with the EUR/USD spread around 1.0 pip and the S&P 500 index CFD spread roughly 0.9 points, both of which are considered market average.
eToro also applies a few additional non-trading fees worth mentioning. There’s a $10 monthly inactivity fee after a year of no activity but you can simply log in to your account and it will automatically reset the timer.
Also, there is a $5 withdrawal fee. Stock CFD trading carries a 0.15% spread per side, while crypto trading costs 1% of the trade value, which is relatively high compared to some competitors. The USD margin rate is about 8.3% annually, placing it around the market average.
Overall, if you mainly trade stocks and ETFs then costs will be very low. On the other hand, if you mainly trade CFDs or cryptocurrencies then you could find lower fees elsewhere.
Deposit & Withdrawal
| Pros | Cons |
| Deposit to Debit/Credit cards | $5 Withdrawal fee |
| Withdrawal from Debit/Credit cards | EUR base currency is available for EU citizens only |
| No deposit fees | GBP base currency is available for UK citizens only |
Depositing funds on eToro platform is very easy as it offer plenty of payment options. However, when you want to withdraw the funds they will charge you a $5 withdrawal fee.
Also, EUR and GBP base currencies are not accessible to all users. EUR base currency is accessible only for European Union citizens. GBP base currency is accessible only for United Kingdom citizens.
eToro supports three base currencies: USD, EUR, and GBP. If your deposit is in another currency, it’ll be automatically converted into one of these base currencies with eToro’s markup on the exchange rate. For example, when funding your account via bank transfer, eToro applies a 50-pip conversion fee (roughly 0.46% of the deposit). For credit or debit card payments, conversion costs will be even higher, depending on the currency.
To avoid these extra currency conversion costs, you can deposit directly in USD with your bank card and let your bank handle the currency conversion. European users can fund their accounts in EUR, and users from the United Kingdom in GBP. That said, compared to other brokers like Trading 212 and XTB, eToro’s range of supported base currencies is very limited.
Base currency selection matters because you avoid paying conversion fees if your bank account uses the same currency or if you trade financial instruments priced in the same currency.
Deposit fees and methods
eToro doesn’t charge any deposit fees, and it supports a wide range of payment methods, including bank transfers, credit/debit cards, and a lot of other popular e-wallets.
The list of supported e-wallets includes: eToro Money, Neteller, Skrill, PayPal, Trustly, iDEAL, Przelewy24, RapidTransfer, Klarna, and Giropay.
Depending on your country of residence, eToro might require your first deposit to be made by credit/debit card or bank transfer, before allowing e-wallet deposits for subsequent funding due to security reasons.
Deposits via credit/debit cards are instant, while bank transfers can take a few business days to process. You can only deposit from accounts registered in your name, and there’s no upper limit for bank transfers. Card and e-wallet deposits have transaction limits. There is a limit of $40,000 per transaction for cards, and a limit of $10,000 – $30,000 per transaction for e-wallets (depending on the e-wallet).
Even though eToro doesn’t charge a direct deposit fee, the currency conversion charges can add up quickly – especially when depositing by debit/credit card. For instance, depositing EUR by card can cost up to 1.4% in conversion fees. The exact rate varies depending on the currency pair.
Withdrawals
Withdrawals on eToro have a $30 minimum withdrawal limit. Also, as mentioned previously there is a $5 withdrawal fee. The withdrawal methods are the same as for deposits – bank transfer, credit/debit card, or e-wallet. However, you can withdraw to your e-wallet only if you deposited the money from it initially.
Funding your eToro account is very user-friendly and easy, but conversion and withdrawal fees can eat into your profits fast. So, you can to be careful which currency and payment method you use.
Safety
eToro is a fully legitimate and well-regulated broker, operating under the supervision of several top-tier financial authorities. It’s overseen by the Financial Conduct Authority (FCA) in the United Kingdom, the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC).
It’s also worth noting that in the US, eToro USA LLC is also registered as a Money Services Business (MSB) with FinCEN, which adds another layer of compliance and transparency. On the downside, eToro does not have a bank parent company, which would typically provide additional financial stability.
Is eToro Safe?
eToro is a global broker so it operates multiple legal entities that serve clients based on their country of residence, and the level of investor protection depends on which entity the user falls under.
- Clients residing in the United Kingdom are served by eToro (UK) Ltd, regulated by the FCA. They’re protected by the Financial Services Compensation Scheme (FSCS), which guarantees up to £85,000 if eToro becomes insolvent;
- Clients residing in the United States are served by eToro USA LLC, which is regulated by the SEC and FINRA. These clients benefit from SIPC protection, covering up to $500,000 (including $250,000 for cash);
- Clients residing in Australia are served by eToro AUS Capital Ltd, under ASIC regulation. However, ASIC doesn’t provide mandatory compensation coverage, so there’s no guaranteed investor protection amount;
- Clients from other countries typically fall under eToro (Europe) Ltd, regulated by CySEC in Cyprus. These users are covered by the Cypriot Investor Compensation Fund, which provides up to €20,000 in protection.
In addition to these regulatory safeguards, eToro offers private insurance for certain clients – specifically Platinum+ and Diamond Club members of eToro (Europe) Ltd and eToro AUS Capital Ltd (Australian). This coverage is underwritten by Lloyd’s of London, providing up to €1 million (or AUD 1 million) for cash, securities, and CFDs in case of insolvency.
However, there’s a total payout cap of €25 million, meaning if total claims exceed that, you might not recover your full losses. It’s also worth noting that eToro can choose to withdraw this insurance program at any time.
Here’s a simplified breakdown of the investor protection by region:
| Region | Protection Amount | Regulator | Entity |
|---|---|---|---|
| United Kingdom | £85,000 | FCA | eToro (UK) Ltd |
| United States | $500,000 (cash limit $250,000) | SEC / FINRA | eToro USA LLC |
| Australia | AUD 1,000,000 (via private insurance) | ASIC | eToro AUS Capital Ltd |
| Other Countries | €20,000 + €1,000,000 private insurance | CySEC | eToro (Europe) Ltd |
Note: Cryptocurrency holdings are not covered by any investor protection scheme, and negative balance protection only applies to retail CFD clients in the EU and Australia – not for professional traders.
Background and Transparency
eToro was founded back in 2007 and has built a solid reputation over almost two decades of operation. Its long history indicates resilience through various market cycles and global financial events. The company went public on the NASDAQ in May 2025, making it one of the few major fintech brokers listed on a stock exchange.
Being a publicly traded company means eToro is required to publicly publish its audited financial statements, which adds a degree of transparency. Its ownership includes major venture capital funds such as Commerz Ventures GmbH (the VC arm of Commerzbank), along with other institutional investors from Israel, the US, and China. The firm continues to be led by its founder and CEO, Yoni Assia, a well-known figure in the fintech and trading community.
Account opening
Opening an account with eToro is very quick and easy process. It’s perfect for anyone who wants to get started fast without unnecessary hassle. The process is smooth from start to finish, and the minimum deposit requirement is quite low for most users.
Account Types
eToro keeps things simple with two main account options:
- A live trading account for real-money trading;
- A virtual (demo) account, which gives you $100,000 in virtual funds to practice trading and explore the platform risk-free.
For users in the UK, eToro also offers ISA investment accounts through a partnership with Moneyfarm, introduced in March 2023. This gives UK investors the option to invest in a tax-efficient way while staying within the eToro ecosystem.
How to Open an Account
Opening your trading account on eToro is a fast and fully digital process that typically takes less than one business day.
Here’s how it works:
- Register using your email address, or sign up using your Google or Facebook account;
- Once registered, you will be able to access eToro’s trading platform and start practicing with the $100,000 demo account;
- To begin real-money trading, you’ll need to complete the verification process and upload proof of identity and address documents (passport, recent utility bill or bank statement).
Overall, eToro’s account setup is one of the easiest and fastest among online brokers.
Mobile App
eToro mobile app delivers an impressive trading experience that blends simplicity and security. Designed for both iOS and Android, eToro app feels very polished and user-friendly from the moment you open it.
eToro app definitely ranks in the top spot regarding user experience compared to other trading apps from competitor brokers.
| Pros | Cons |
| Two-step authentication | – |
| Face/Touch ID authentication | – |
| Great search functionality | – |
The interface is clean and intuitive – even first-time users can easily find their way around. Everything from checking your portfolio to executing trades feels straightforward, without unnecessary clutter or confusion. It’s a perfect balance between a modern design and user-friendliness.
When it comes to security, eToro doesn’t cut corners. The app includes a two-step authentication for login and supports biometric authentication (Face/Touch ID). This not only makes it more convenient to log in but also adds an extra layer of protection, ensuring that your funds remain secure.
The app also supports a wide range of languages, making it accessible to traders worldwide. Available languages include English, Spanish, Italian, German, Russian, French, Arabic, Chinese, Portuguese, Dutch, Polish, Norwegian, Swedish, Czech, Danish, Finnish, Romanian, Thai, Vietnamese, and Malaysian.
As for functionality, the search feature is fast and accurate. It helps you find financial products without any hassle.
Desktop platform
eToro’s web trading platform delivers a sleek and accessible experience that’s ideal for both beginners and experienced traders. Its standout feature is social copy trading, which allows users to follow and copy trades from other successful traders.
The overall interface is very user-friendly and thoughtfully organized, making it easy to navigate whether you’re simply managing your investment portfolio or placing daily trades.
| Pros | Cons |
| Design is very user-friendly | Customization is limited |
| Detailed fee report | – |
| Two-step authentication | – |
That said, customization options are somewhat limited. The platform’s layout is largely fixed, so you cannot rearrange the dashboard. The exception is the watchlist, which can be easily tailored to suit your preferences.
When it comes to security, eToro web platform supports two-step verification, adding an extra layer of protection to your account.
The web platforms is supported in these languages: English, Spanish, Italian, German, Russian, French, Arabic, Chinese, Portuguese, Dutch, Polish, Norwegian, Swedish, Czech, Danish, Finnish, Romanian, Thai, Vietnamese, and Malaysian.
Searching for assets on eToro is quick and intuitive. You can type in the name of a company, product, or the ticker symbol, and instantly find all the financial instruments you are looking for.
As for trading features, eToro supports several order types, including Market, Limit, Stop-loss, and Trailing stop-loss. One notable limitation, however, is that pending limit orders cannot be edited. For example, if you’ve set a buy limit at $20 for a stock and decide to change it to $21, you’ll need to cancel the existing order and create a new one afterwards.
Product selection
At eToro, traders get access to a wide range of markets — from CFDs and forex to stocks, ETFs, and cryptocurrencies. The platform goes beyond standard trading by offering innovative features like social copy trading and Smart Portfolios, which combine automation with community-driven insights.
While eToro is mostly known as a CFD and forex broker, it also gives users the ability to trade real assets — including shares, ETFs, and a large selection of cryptocurrencies. However, the available products vary depending on where you live. For example, users from the United States can trade real stocks, ETFs, options, and cryptocurrencies, but CFDs are not available due to local US regulations.
REAL ASSETS VS. CFDS
The distinction between real assets and CFDs is important. Whenever you buy stocks, ETFs, or cryptocurrencies without using leverage (set to 1x), you’re investing in the underlying real asset — meaning you actually own it. But once you add leverage or open a short position, you’re trading Contracts for Difference (CFDs) instead. All forex, commodities, and indices trades on eToro are CFDs by default.
ETORO VS. OTHER STOCKBROKERS
At first glance, eToro may seem like a zero-commission stockbroker, but it operates differently from traditional brokers. For one, you can’t transfer your holdings in or out of eToro — all trades opened on the platform must be closed there as well if you are switching your broker.
That said, eToro still gives users access to some shareholder rights. If you hold a U.S. stock position, you’re eligible to vote at company meetings and participate via electronic proxy voting. eToro will notify you by email whenever there’s a shareholder action available for you.
CFD TRADING AND SOCIAL FEATURES
When it comes to CFDs, eToro adds a social twist to traditional trading. You can follow and automatically copy the trades of other successful traders using CopyTrader function, or you can invest in themed Smart Portfolios that group multiple assets or top-performing traders into one investment product.
REAL STOCKS AND ETFS
Buying stocks or ETFs without leverage means you’re trading real assets, not CFDs. That’s a significant advantage compared to many CFD-focused brokers. But note: when you short-sell, you’re always trading a CFD, regardless of underlying asset and whether you are using leverage or not.
COPYTRADER
CopyTrader is one of the features which made eToro popular globally. It’s the platform’s flagship social trading feature that lets you automatically replicate the portfolios of successful traders. You can browse their profiles, check annual and monthly performance stats, analyze their risk scores, and even review their trading habits —- such as how often they trade or how long they typically hold positions in their portfolio.
Each profile feels like a mix between a trading dashboard and a social media page, complete with performance charts and a comment section where users can discuss market moves. There is a minimum $200 amount to copy a trader, and while there’s no additional fee for using CopyTrader, standard spreads and overnight charges apply to each mirrored trade.
CRYPTOCURRENCY TRADING
eToro is one of the few multi-asset brokers that offers a large crypto selection – currently over 140 cryptocurrencies along with 14 crypto-to-crypto pairs (like ETH/BTC) and 63 crypto-to-fiat pairs (like LTC/AUD).
Depending on your region, you can trade crypto in three different ways. Crypto CFDs – trade price movements without owning the coins. Spot Crypto – buy and hold the real coins. Crypto Wallet – store, send, or receive cryptocurrencies.
However, not all options are available in every country. For instance, traders from the UK cannot trade crypto CFDs. And users from the United States can only go long on real cryptocurrencies, since CFD trading is not allowed in the United States.