General Risk Warning
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 Full Review

General Information & First Impressions
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:
- Financial Conduct Authority (FCA)
- Cyprus Securities and Exchange Commission (CySEC)
- Australian Securities and Investments Commission (ASIC)
- In the U.S., eToro USA is registered with FinCEN, but a September 2024 SEC settlement restricts U.S. crypto trading to Bitcoin, Ethereum, and Bitcoin Cash due to unregistered securities concerns.
- Globally, eToro serves over 140 countries, offering real crypto ownership in many regions alongside CFDs, with compliance ensured through mandatory KYC and segregated funds.
Why Choose eToro?
Top Features:
- Social Trading: Learn and copy trades from experienced investors.
- Wide Asset Range: Trade cryptocurrencies, stocks, forex, and more.
- Beginner-Friendly: Perfect for those just starting.
- Transparent but Higher Fees: A flat 1% fee on crypto trades, clear yet costlier than competitors.
A Step-By-Step Guide to Getting Started
- Sign Up: Go to eToro’s website and create an account.
- Verify Your Identity: Upload ID and proof of address. This KYC process is mandatory for regulatory compliance.
- Fund Your Account: Use credit cards, PayPal, or bank transfers.
- Start Trading: Explore the platform and make your first trade. Post-trade, transfer supported cryptos to the eToro Money wallet for self-custody.
What Can You Trade on eToro?
eToro allows you to invest in multiple asset classes:
- Cryptocurrencies: Over 100 coins globally—including Bitcoin, Ethereum, and XRP—but U.S. users are limited to Bitcoin, Ethereum, and Bitcoin Cash post-2024 SEC settlement.
- Stocks: From tech giants like Apple and Tesla to smaller companies.
- Forex: Trade currency pairs like EUR/USD.
- Commodities: Gold, silver, and oil.
The Power of Social Trading
One of eToro's standout features is its social trading tools:
- CopyTrader™: Follow and copy the trades of successful investors. Users can copy up to 100 traders, with detailed stats like risk scores guiding choices.
- CopyPortfolios™: Invest in pre-selected groups of assets for diversification. Examples include the ‘DeFi Portfolio’ or ‘CryptoPortfolio,’ blending assets for passive investing.
Fees and Pricing Explained
eToro Trading Fees:
- No commissions on stocks and ETFs.
- A flat 1% fee applies to crypto trades (buy and sell).
- Forex trades use spreads, such as 1 pip for EUR/USD.
eToro Additional Costs:
- Withdrawal Fee: $5 per transaction.
- Inactivity Fee: $10 per month after 12 months of inactivity.
- Non-USD deposits incur a 0.5% currency conversion fee.
Fee Type |
Amount |
Crypto Trading Fee |
1% (buy/sell) |
Withdrawal Fee |
$5 per transaction |
Inactivity Fee |
$10/month after 12 months of inactivity |
eToro Fees Tableau
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 |
eToro Deposits & Processing Time
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.
eToro Withdrawal Processing Times
Understanding the processing times for deposits and withdrawals is crucial for effective fund management.
Withdrawal Processing:
- Processing Time: Typically 1-2 business days.
- Additional Time: Depending on the payment provider, funds may take additional days to reflect in your account.
Fees:
Is eToro Safe?
eToro takes security seriously:
- Regulated: Licensed by FCA, ASIC, and CySEC.
- SSL Encryption: Protects your personal information.
- Segregated Accounts: Client funds are kept separate from company funds.
- 2020 Data Incident: A data leak exposed user emails but wasn’t a platform hack.
- Custodial Crypto: eToro holds crypto assets custodially unless transferred to the eToro Money wallet.
- FDIC Insurance: U.S. cash balances are FDIC-insured up to $250,000 through banking partners.
eToro vs. Competitors
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 and Cons of eToro
Pros:
- Easy for beginners.
- Social trading features are innovative.
- Offers a wide range of assets.
Cons:
- Limited customization for advanced traders.
- High 1% crypto trading fee compared to competitors.
Who Is eToro For?
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.
eToro and Cryptocurrencies
Supported Cryptocurrencies on eToro:
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.
Buying Cryptocurrencies on eToro vs. Binance:
- User Experience: (Add comparison text here)
- Fees: (Add comparison text here)
- Regulation: (Add comparison text here)
- Security: (Add comparison text here)
Buying Cryptocurrencies on eToro vs. Binance:
When choosing between eToro and Binance for purchasing cryptocurrencies, consider the following factors:
-
User Experience:
- eToro: Known for its user-friendly interface and social trading features, eToro is ideal for beginners.
- Binance: Offers a wide range of cryptocurrencies and advanced trading options, which may be more suitable for experienced traders.
-
Fees:
- eToro: Charges a 1% fee for buying or selling crypto assets, which is included in the price displayed when opening or closing a position.
- Binance: Offers lower trading fees, typically around 0.1% per transaction, with discounts available when using Binance Coin (BNB) to pay for fees.
-
Regulation and Security:
- eToro: Regulated by financial authorities such as the FCA, CySEC, and ASIC, providing a higher level of investor protection.
- Binance: Has faced regulatory challenges in various countries, which may affect its availability and services.
Purchasing Cryptocurrencies Without Leverage on eToro:
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:
- eToro enables users to transfer supported cryptocurrencies from the eToro platform to the eToro Money crypto wallet, providing more control over your assets.
-
Educational Resources:
- eToro offers a range of educational materials, including webinars, tutorials, and market analyses, to help users make informed trading decisions.
-
Social Trading:
- eToro's unique social trading features, such as CopyTrader™, allow users to replicate the trades of experienced investors, fostering a collaborative trading environment.
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.
Account Types and Benefits
eToro offers a single account type with various benefits, including:
- Access to all tradable assets
- Free demo account
- Social trading features
- Educational resources
Account Type |
Benefits |
Standard |
Access to all features, including social trading and educational resources |
Account Types and Leverage
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.
Leverage Limits:
-
Retail Clients: Leverage up to 1:30 for major forex pairs.
-
Professional Clients: Leverage up to 1:400, depending on the asset class.
eToro Mobile Trading

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’s Trading Platforms: Desktop vs. Mobile
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.
Key Features:
-
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.
Available Languages
eToro is available in multiple languages, including English, Spanish, French, German, Italian, and many more.
eToro Trading Experience

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.
eToro Spreads
Asset |
Spread |
EUR/USD |
1.0 pips |
BTC/USD |
0.75% |
Gold |
0.45% |
eToro Swap Fees
Asset |
Swap Fee (Long) |
Swap Fee (Short) |
EUR/USD |
-0.0037% |
0.0001% |
BTC/USD |
-0.0206% |
-0.0191% |
Gold |
-0.0081% |
0.0007% |
Order Types
eToro offers various order types to cater to different trading strategies:
- Market Order: Buy or sell instantly at the current market price.
- Stop Loss: Set a limit to close a trade automatically at a predetermined loss.
- Trailing Stop: A stop order that can move in your favor but locks in a price if the market moves against you.
Order Execution Model
eToro uses a hybrid model, combining market maker and agency broker features to provide liquidity and better execution.
MetaTrader 4, 5 or Other
eToro does not offer MetaTrader 4 or 5. Instead, it has its proprietary platform designed for social and traditional trading.
Islamic Account
eToro offers Islamic accounts that comply with Sharia law, providing interest-free trading conditions.
eToro Maximum Leverage by Asset Class
Asset Class |
Maximum Leverage |
Forex |
1:30 |
Stocks |
1:5 |
Cryptocurrencies |
1:2 |
What Can You Trade with eToro?

eToro offers a wide range of tradable instruments, including:
Tradable Instruments
Instrument |
Availability |
Stocks |
Yes |
Cryptocurrencies |
Yes |
Commodities |
Yes |
Indices |
Yes |
ETFs |
Yes |
Forex |
Yes |
eToro in 2024
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.
Customer Support: Availability and Quality
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.
User Feedback:
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.
Regulatory Compliance and Investor Protection
eToro operates under strict regulatory frameworks to ensure user safety and trust.
Regulatory Authorities:
- Financial Conduct Authority (FCA): Regulates eToro in the UK.
- Cyprus Securities and Exchange Commission (CySEC): Oversees operations in the EU.
- Australian Securities and Investments Commission (ASIC): Regulates services in Australia.
Investor Protection:
- Segregated Accounts: Client funds are held separately from company funds, ensuring protection against company insolvency.
- Compensation Schemes: Eligible clients may benefit from compensation schemes like the Financial Services Compensation Scheme (FSCS) in the UK.
eToro Academy: Learning Resources
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.
Benefits:
These resources help users enhance their trading knowledge, stay informed about market developments, and make informed trading decisions.
CopyTrader and CopyPortfolios in Action
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.
Success Stories:
Many users have reported positive returns by copying experienced traders, leveraging their expertise without extensive market knowledge.
User Demographics and Popularity
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.
Comparison with Other Social Trading Platforms
Evaluating eToro against competitors highlights its unique offerings.
-
eToro vs. ZuluTrade:
- Social Trading: Both offer social trading, but eToro integrates it directly into its platform, providing a seamless experience.
-
eToro vs. NAGA:
- Asset Variety: eToro offers a broader range of assets, including stocks, cryptocurrencies, and commodities.
Risk Management and Education on Trading Risks
eToro emphasizes the importance of risk management in trading.
Tools:
- Stop Loss: Automatically closes a position at a predetermined loss level.
- Take Profit: Closes a position when a specific profit target is reached.
- Negative Balance Protection: Ensures users cannot lose more than their account balance.
Integration with External Tools and APIs
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:
- Access real-time market data.
- Automate trading strategies.
- Analyze trading behaviors.
This feature is ideal for developers or institutions seeking to create customized trading solutions.
Sustainability and ESG Investments
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.
ESG CopyPortfolios on eToro:
- Renewable Energy Portfolio: Invests in companies developing green energy solutions.
- Social Impact Portfolio: Focuses on firms prioritizing ethical and social responsibilities.
Benefits for Users:
- Opportunity to align investments with personal values.
- Access to pre-curated portfolios managed by experts.
Local Language and Currency Support
eToro caters to a global audience by offering support for multiple languages and currencies.
Supported Languages:
- English, Spanish, French, German, Chinese, and many more.
Currency Options:
- Deposits and withdrawals can be made in various currencies, with automatic conversions for unsupported ones.
Benefit:
This inclusivity ensures ease of use for traders worldwide, minimizing barriers to entry.
Advanced Tools for Professional Traders
Although eToro is beginner-friendly, it also provides tools for experienced traders:
-
Advanced Charting Tools:
- Multiple technical indicators (RSI, Bollinger Bands, etc.).
- Adjustable timeframes for precise analysis.
-
ProCharts Feature:
- Compare multiple charts side-by-side.
- Useful for monitoring trends across assets simultaneously.
-
Leverage Options:
- Professional traders can access higher leverage ratios, maximizing potential profits (and risks).
Future Updates and Developments
Highlighting eToro’s plans and innovations can position the platform as forward-thinking:
eToro vs. Pepperstone: Which Broker Is Better?
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.
1. Trading Fees and Spreads
eToro:
- No commissions on stock and ETF trades.
- Spreads vary depending on the asset class:
- Cryptocurrencies: ~0.75% spread (for Bitcoin).
- Forex: 1 pip for EUR/USD.
- Withdrawal Fee: $5 per transaction.
- Inactivity Fee: $10/month after 12 months of no activity.
Pepperstone:
- Forex Spreads: Starting from 0.0 pips on Razor accounts.
- Commissions: $7 per round lot (100,000 units).
- Cryptocurrencies: Spreads start at 1 pip for major cryptos.
- No Withdrawal or Inactivity Fees.
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.
2. Available Assets
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 Rating and reviews
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.
Commonly Highlighted Pros:
Commonly Highlighted Cons:
Average Rating:
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.
Etoro Testimonials
Positive Reviews:
- “eToro’s social trading feature helped me learn and earn at the same time!”
- “The platform is easy to use and offers plenty of educational resources.”
Negative Reviews:
- “The withdrawal fee is a bit annoying.”
- “Crypto spreads are higher compared to competitors.”
Conclusion from Reviews:
The general consensus is that eToro is excellent for beginners and social traders, though some costs could be lower.
Broker Details
- Name: eToro
- Founded: 2007
- Regulation: FCA, CySEC, ASIC
- Headquarters: Tel Aviv, Israel
Contact Info
Read our article on how to choose the correct broker
FAQ
Is eToro a regulated broker? ▶
Yes, eToro is regulated by the FCA, CySEC, and ASIC, ensuring compliance with financial standards and investor protection.
What assets can I trade on eToro? ▶
You can trade cryptocurrencies, stocks, ETFs, forex, commodities, and indices on eToro's platform.
Does eToro charge withdrawal fees? ▶
Yes, eToro charges a $5 withdrawal fee per transaction.
What is the minimum deposit on eToro? ▶
The minimum deposit varies by region, ranging from $10 to $200.
Does eToro offer demo accounts? ▶
Yes, eToro provides a demo account with $100,000 in virtual funds for practice trading.
Can I trade without leverage on eToro? ▶
Yes, you can buy assets like cryptocurrencies, stocks, and ETFs without leverage on eToro.
What is CopyTrader on eToro? ▶
CopyTrader is eToro’s feature that allows you to replicate the trades of experienced investors in real time.
Does eToro have a mobile app? ▶
Yes, eToro has a fully functional mobile app for both iOS and Android devices.
What are eToro's trading fees? ▶
eToro charges spreads for trading, starting at 1 pip for forex and 0.75% for Bitcoin. There are no commissions on stocks and ETFs.
How can I deposit funds on eToro? ▶
You can deposit funds using credit cards, PayPal, Skrill, Neteller, or bank transfers.
Is eToro good for beginners? ▶
Yes, eToro is beginner-friendly with a simple interface and educational resources like tutorials and a demo account.
Can I transfer cryptocurrencies from eToro? ▶
Yes, eToro allows you to transfer supported cryptocurrencies to the eToro Money crypto wallet.
Does eToro support fractional shares? ▶
Yes, eToro allows you to invest in fractional shares, making it accessible to smaller budgets.
What is the CopyPortfolios feature? ▶
CopyPortfolios are managed portfolios grouped by specific themes or strategies, providing a diversified investment option.
Does eToro charge for deposits? ▶
No, eToro does not charge deposit fees, but currency conversion fees may apply.
Can I short sell on eToro? ▶
Yes, eToro allows short selling by opening a “SELL” position on assets.
What is the minimum trade size on eToro? ▶
The minimum trade size on eToro depends on the asset class, starting from $10 for cryptocurrencies.
How does eToro ensure security? ▶
eToro uses SSL encryption, segregated accounts, and is regulated by top financial authorities to ensure user safety.
Can I trade forex on eToro? ▶
Yes, eToro supports forex trading with leverage up to 1:30 for retail clients.
What happens if eToro goes bankrupt? ▶
If eToro goes bankrupt, segregated client funds and regulatory compensation schemes (where applicable) ensure protection.
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