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BROKER REVIEW
ETORO
November 7, 2021 |
Melissa Brock | 13 Comments |11892 Views
Our Pick
Mimimum Deposit
$200
Crypto
Regulation
Our Score
Our Pick
Trading involves substantial risk and is not suitable for every investor. The value of investments can go up as well as down, and investors may not get back the amount they originally invested. Before trading, it is important to fully understand the risks involved.Trading involves substantial risk and is not suitable for every investor. The value of investments can go up as well as down, and investors may not get back the amount they originally invested. Before trading, it is important to fully understand the risks involved.
eToro is one of the leading online trading platforms, known for its user-friendly interface and wide range of financial instruments. Established in 2007, eToro has grown significantly, now boasting over 35 million registered users across 140+ countries as of 2025. The platform is particularly famous for its social trading feature, which allows users to copy the trades of experienced investors. Founded in 2007 in Tel Aviv by Yoni Assia, eToro began as a fintech platform for stocks and forex, adding cryptocurrencies in 2018 to become a multi-asset powerhouse. Whether you’re a beginner exploring trading or an experienced investor, eToro offers something unique: social trading. In this article, we’ll dive into everything you need to know about eToro, from its features and fees to how to get started.
eToro is regulated by several top-tier financial authorities, including:
Top Features:
eToro allows you to invest in multiple asset classes:
One of eToro's standout features is its social trading tools:
| Fee Type | Amount |
|---|---|
| Crypto Trading Fee | 1% (buy/sell) |
| Withdrawal Fee | $5 per transaction |
| Inactivity Fee | $10/month after 12 months of inactivity |
eToro charges no commission on stock and ETF trades but makes money through spreads, which can be higher than some competitors. Other fees include withdrawal fees and inactivity fees.
| Fee Type | Amount |
|---|---|
| Spread | Varies by asset |
| Withdrawal Fee | $5 per transaction |
| Inactivity Fee | $10/month after 12 months of inactivity |
| Method | Fee | Processing Time |
|---|---|---|
| Credit/Debit Card | Free | Instant |
| Bank Transfer | Free | 4–7 business days |
| E-wallets | Free | Instant |
Currency Conversion: Non-USD deposits face a 0.5% conversion fee to USD, which is eToro’s base currency.
Withdrawal Processing: Typically takes 1–2 business days. However, depending on your payment provider, funds may take additional days to appear in your account.
Crypto Withdrawals: Transfers to the eToro Money wallet may incur network fees and usually take 1–2 days for approval.
Fees: Withdrawal Fee: $5 per transaction. Inactivity Fee: $10 per month after 12 months of inactivity.
Understanding the processing times for deposits and withdrawals is crucial for effective fund management.
Withdrawal Fee: $5 per transaction.
Inactivity Fee: $10 per month after 12 months of inactivity.
eToro takes security seriously:
| Feature | eToro | Binance | Coinbase | Kraken |
|---|---|---|---|---|
| Social Trading | ✅ | ❌ | ❌ | ❌ |
| Crypto Options | ✅ | ✅ | ✅ | ✅ |
| Fees (Crypto) | 1% (buy/sell) | Low | High | 0.20–0.40% |
| User Interface | Beginner-Friendly | Advanced | Moderate | Intermediate |
Pros:
Cons:
eToro is ideal for both beginners and experienced traders. The platform's ease of use and educational resources make it accessible for newcomers, while its advanced trading features and wide range of assets appeal to seasoned investors.
eToro offers a diverse selection of cryptocurrencies for trading, offering over 100 cryptocurrencies globally, though U.S. users are restricted to three post-2024 SEC settlement, catering to both novice and experienced investors.
Globally, eToro supports over 100 coins, including majors like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), plus others like Cardano (ADA) and Dogecoin (DOGE).
In the U.S., only Bitcoin, Ethereum, and Bitcoin Cash are tradable due to the 2024 SEC settlement limiting access to crypto classified as securities.
When choosing between eToro and Binance for purchasing cryptocurrencies, consider the following factors:
User Experience:
Fees:
Regulation and Security:
Yes, eToro allows users to buy cryptocurrencies without using leverage. When you open a non-leveraged "BUY" position, you are purchasing the actual asset, and eToro holds the cryptocurrency on your behalf. This approach is suitable for investors looking to own the underlying asset without the risks associated with leveraged trading.
Additional Considerations:
Ownership and Transfers:
Educational Resources:
Social Trading:
When selecting a platform for cryptocurrency trading, it's essential to consider factors like fees, user experience, regulatory compliance, and the range of available assets to ensure it aligns with your investment goals and risk tolerance.
eToro offers a single account type with various benefits, including:
| Account Type | Benefits |
|---|---|
| Standard | Access to all features, including social trading and educational resources |
eToro offers different account types to cater to various trading needs.
Retail Account: Suitable for most traders, offering standard leverage levels and negative balance protection.
Professional Account: Available for experienced traders meeting specific criteria, providing higher leverage but without certain retail protections.
Retail Clients: Leverage up to 1:30 for major forex pairs.
Professional Clients: Leverage up to 1:400, depending on the asset class.
The eToro mobile app offers a seamless trading experience, allowing users to trade on the go. Available for both iOS and Android, the app includes all the features of the web platform, including social trading, charts, and news updates.
eToro offers both desktop and mobile platforms, each designed to cater to different trading preferences.
Desktop Platform: The web-based interface is intuitive, featuring advanced charting tools, technical indicators, and real-time data. It supports seamless navigation between various asset classes and trading instruments.
Mobile App: Available on iOS and Android, the mobile app provides on-the-go trading with functionalities mirroring the desktop version. Users can execute trades, monitor portfolios, and access market news directly from their smartphones.
Charting Tools: Both platforms offer interactive charts with multiple timeframes and technical indicators, aiding in detailed market analysis.
User Experience: The platforms are designed for both beginners and experienced traders, ensuring a smooth trading experience across devices.
eToro is available in multiple languages, including English, Spanish, French, German, Italian, and many more.
Overall, eToro provides a smooth and engaging trading experience. The platform is user-friendly, and the social trading feature adds a unique dimension to trading. However, some traders might find the higher spreads a drawback.
| Asset | Spread |
|---|---|
| EUR/USD | 1.0 pips |
| BTC/USD | 0.75% |
| Gold | 0.45% |
| Asset | Swap Fee (Long) | Swap Fee (Short) |
|---|---|---|
| EUR/USD | -0.0037% | 0.0001% |
| BTC/USD | -0.0206% | -0.0191% |
| Gold | -0.0081% | 0.0007% |
eToro offers various order types to cater to different trading strategies:
eToro uses a hybrid model, combining market maker and agency broker features to provide liquidity and better execution.
eToro does not offer MetaTrader 4 or 5. Instead, it has its proprietary platform designed for social and traditional trading.
eToro offers Islamic accounts that comply with Sharia law, providing interest-free trading conditions.
| Asset Class | Maximum Leverage |
|---|---|
| Forex | 1:30 |
| Stocks | 1:5 |
| Cryptocurrencies | 1:2 |
eToro offers a wide range of tradable instruments, including:
| Instrument | Availability |
|---|---|
| Stocks | Yes |
| Cryptocurrencies | Yes |
| Commodities | Yes |
| Indices | Yes |
| ETFs | Yes |
| Forex | Yes |
eToro in 2025: Looking ahead, eToro aims to grow beyond 35 million users, potentially reaching 40 million by year-end. New features like NFT trading and AI-enhanced CopyTrader™ analytics could debut, while the eToro Money debit card may expand globally, blending crypto and fiat spending.
eToro provides customer support through various channels to assist users effectively.
Live Chat: Available 24/5, offering real-time assistance for immediate queries.
Email Support: Users can submit tickets via the platform, with responses typically within 48 hours.
Help Center: A comprehensive resource with FAQs, guides, and tutorials to help users navigate the platform.
Many users appreciate the promptness of live chat support, noting that representatives are knowledgeable and helpful. However, some have reported delays in email responses, especially during peak times.
eToro operates under strict regulatory frameworks to ensure user safety and trust.
eToro provides a wealth of educational materials to support traders at all levels.
Webinars: Live sessions covering market analysis, trading strategies, and platform tutorials.
Trading School: Structured courses on various trading topics, from basics to advanced strategies.
Blog and News: Regular updates on market trends, economic events, and trading tips.
These resources help users enhance their trading knowledge, stay informed about market developments, and make informed trading decisions.
eToro's social trading features allow users to replicate the trades of successful investors.
CopyTrader™: Enables users to copy the trades of top-performing traders in real-time.
CopyPortfolios™: Offers diversified portfolios managed by eToro's investment committee, focusing on specific markets or strategies.
Many users have reported positive returns by copying experienced traders, leveraging their expertise without extensive market knowledge.
eToro boasts a diverse global user base.
User Base: Over 30 million registered users worldwide.
Demographics: A mix of beginners and experienced traders, with a significant portion aged between 25-40.
Popular Regions: Strong presence in Europe, Asia, and Australia.
Evaluating eToro against competitors highlights its unique offerings.
eToro vs. ZuluTrade:
eToro vs. NAGA:
eToro emphasizes the importance of risk management in trading.
While eToro does not support third-party platforms like MetaTrader 4 (MT4) or TradingView, it provides in-house solutions for trading and analysis.
API Integration:
eToro does offer an OpenBook API for advanced users, enabling them to:
This feature is ideal for developers or institutions seeking to create customized trading solutions.
eToro is actively promoting sustainable investments through its range of ESG-focused CopyPortfolios.
What Are ESG Investments?
ESG stands for Environmental, Social, and Governance, focusing on companies committed to sustainable practices.
eToro caters to a global audience by offering support for multiple languages and currencies.
Benefit:
This inclusivity ensures ease of use for traders worldwide, minimizing barriers to entry.
Although eToro is beginner-friendly, it also provides tools for experienced traders:
Advanced Charting Tools:
ProCharts Feature:
Leverage Options:
Highlighting eToro’s plans and innovations can position the platform as forward-thinking:
Upcoming Features:
Technological Advancements:
When choosing a trading platform, comparing features, fees, and usability is crucial. Let’s break down the key differences between eToro and Pepperstone to help you make an informed decision.
Winner: Pepperstone offers lower spreads and is more cost-effective for active traders, while eToro is better for beginners due to its commission-free stock and ETF trading.
| Asset Class | eToro | Pepperstone |
|---|---|---|
| Stocks | ✅ (Over 3,000 stocks) | ❌ (No direct stock trading) |
| Cryptocurrencies | ✅ (50+ options) | ✅ (~20 options) |
| Forex | ✅ (49 currency pairs) | ✅ (60+ currency pairs) |
| Commodities | ✅ (Gold, Oil, etc.) | ✅ (Gold, Oil, Silver, etc.) |
| ETFs | ✅ | ❌ |
Winner: eToro offers a wider range of asset classes, making it ideal for portfolio diversification.
eToro, established in 2007, has garnered a substantial user base and a variety of reviews over the years. As of November 2024, the platform holds a 'great' rating of 4.2 out of 5 stars based on 24,998 user reviews.
User-Friendly Interface: Many users appreciate eToro's intuitive design, which simplifies the trading process for both beginners and experienced traders.
Social Trading Features: The platform's CopyTrader™ and CopyPortfolios™ allow users to replicate the trades of successful investors, fostering a collaborative trading environment.Withdrawal and Inactivity Fees: Users have expressed concerns about the $5 withdrawal fee and the $10 monthly inactivity fee after 12 months of no trading activity.
High Spreads on Cryptocurrencies: Some traders note that eToro's spreads on cryptocurrency trades can be higher compared to other platforms, potentially affecting profitability.Aggregating various reviews, eToro maintains an average rating of approximately 4.2 out of 5 stars, reflecting a generally positive user experience with some areas for improvement.
Positive Reviews:
Negative Reviews:
Conclusion from Reviews:
The general consensus is that eToro is excellent for beginners and social traders, though some costs could be lower.
Read our article on how to choose the correct broker
Yes, eToro is regulated by the FCA, CySEC, and ASIC, ensuring compliance with financial standards and investor protection.
You can trade cryptocurrencies, stocks, ETFs, forex, commodities, and indices on eToro's platform.
Yes, eToro charges a $5 withdrawal fee per transaction.
The minimum deposit varies by region, ranging from $10 to $200.
Yes, eToro provides a demo account with $100,000 in virtual funds for practice trading.
Yes, you can buy assets like cryptocurrencies, stocks, and ETFs without leverage on eToro.
CopyTrader is eToro’s feature that allows you to replicate the trades of experienced investors in real time.
Yes, eToro has a fully functional mobile app for both iOS and Android devices.
eToro charges spreads for trading, starting at 1 pip for forex and 0.75% for Bitcoin. There are no commissions on stocks and ETFs.
You can deposit funds using credit cards, PayPal, Skrill, Neteller, or bank transfers.
Yes, eToro is beginner-friendly with a simple interface and educational resources like tutorials and a demo account.
Yes, eToro allows you to transfer supported cryptocurrencies to the eToro Money crypto wallet.
Yes, eToro allows you to invest in fractional shares, making it accessible to smaller budgets.
CopyPortfolios are managed portfolios grouped by specific themes or strategies, providing a diversified investment option.
No, eToro does not charge deposit fees, but currency conversion fees may apply.
Yes, eToro allows short selling by opening a “SELL” position on assets.
The minimum trade size on eToro depends on the asset class, starting from $10 for cryptocurrencies.
eToro uses SSL encryption, segregated accounts, and is regulated by top financial authorities to ensure user safety.
Yes, eToro supports forex trading with leverage up to 1:30 for retail clients.
If eToro goes bankrupt, segregated client funds and regulatory compensation schemes (where applicable) ensure protection.
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Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
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Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
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Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
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