eToro Review eToro Review
eToro is the world’s leading social trading platform, which offers both investing in stocks and cryptocurrencies, as well as trading CFD with different underlying... eToro Review 4

eToro is the world’s leading social trading platform, which offers both investing in stocks and cryptocurrencies, as well as trading CFD with different underlying assets.

Trade with confidence on the world’s leading social trading platform

Join millions who’ve already discovered smarter investing by automatically copying the leading traders in our community, or get copied yourself to earn a second income

The global leader of social trading

Discover why millions of users from over 140 countries choose to trade with eToro.

eToro company is fully regulated by the FCA and CySec
Funds are protected by industry-leading security protocols
eToro will never share your private data without your permission

eToro Summary

eToro offers free stock trading in Europe and has low fees for non-EU clients. On the negative side, the non-trading fees and financing rates are high.
  • Free stock and ETF trading in the EU
  • Low fees for non-EU clients
  • Transparent fee structure
  • Free stock and ETF trading in the EU
  • Low fees for non-EU clients
  • Transparent fee structure

eToro Account Offers

VIP accounts: eToro offers a VIP club membership with five tiers ranging from gold to diamond for traders who maintain balances between $5k -$250k. Depending on the level, benefits vary from a dedicated account manager to discounted withdrawal and deposit fees, access to private signals, and exclusive assets, among other VIP-style account benefits.

Account tiers: eToro’s Popular Investor program has four levels – from cadet to elite – where you can can be eligible to receive various perks ranging from spread rebates to a monthly payment and even a management fee for those who reach elite status. Unlike an active trader program, which usually requires volumes or deposit thresholds to be met, the Popular Investor program encourages traders to focus on producing successful results to receive applicable incentives.

Cryptocurrency trading: The fee for exchanging crypto to fiat at eToroX is 5% (based on an eToroX fee of 1% plus a 4% Simplex fee), while converting from crypto to crypto is only 0.1% with a minimum trade size of $20 and maximum of $10,000 per transaction. In terms of crypto trading costs, spreads at eToro range from 0.75% on Bitcoin (BTC) to as much as 4.5% on crypto-assets such as Miota (IOTA).

eToro offers free stock trading in Europe and has low fees for non-EU clients. On the negative side, the non-trading fees and financing rates are high.


  • Free stock and ETF trading in the EU
  • Low fees for non-EU clients
  • Transparent fee structure


  • High financing rate
  • $25 withdrawal fee
  • $10 monthly inactivity fee
Feature eToro
Minimum Initial Deposit $200
Average Spread EUR/USD - Standard 3 (as of May 19)
All-in Cost EUR/USD -Active N/A
Active Trader or VIP Discounts YES
It is easy to deposit with a lot of options, including credit cards. However, there is a withdrawal fee, and only USD accounts are available.


  • Credit/Debit card available
  • No deposit fee
  • User-friendly


  • High withdrawal fee
  • Only one account base currency

Account base currencies

eToro only allows USD accounts. This means your funding will be converted by eToro to USD. For example, if you deposit EUR a 0.025% fee will be applied at funding and it will also be applied when you want to withdraw EUR. Alternatively, you can deposit e.g. your credit card in USD, in that case your bank will convert it on its fees.

A convenient way to save on the currency conversion fees is to open a multi-currency bank account, or transfer to both bank accounts in several currencies with great currency exchange rates as well as free or cheap international bank transfers. The account opening only takes a few minutes on your phone.

At eToro you can trade with CFDs and forex. There are also real stocks, ETFs, and many cryptos. It also offers innovative services, like social trading or CopyPortfolio.

eToro's product catalog is relatively small, with 47 currency pairs and 19 commodity/index CFDs. It also covers 1,500+ shares as well as an impressive 77 cryptocurrency CFDs.

All instruments can be traded on the long or short side but users should read the fine print because each venue and order type incurs different overnight and weekend holding costs.

CopyPortfolio extends the product catalog because the algorithms can access markets not directly available as CFDs. And, although the broker maintains an aggressive program to avoid conflicts of interest, they act as a counter party, setting bid and ask values that may not match consolidated market feeds.

Feature eToro
Forex: Spot Trading YES
Currency Pairs (Total Forex pairs) 47
CFDs - Total Offered 1980
Social Trading / Copy-Trading YES
Cryptocurrency traded as actual YES
Cryptocurrency traded as CFD YES
eToro’s web trading platform is nice looking and easy-to-use. Getting your fee report is a bit of a pain.
eToro platforms to choose from
Trading platform Score Available
Web 4 / 5 stars Yes
Mobile 5 / 5 stars Yes
Desktop - No

eToro has done well merging self-directed trading and copy trading under a unified trading experience. It’s a winning combination.. Ease of use is at the heart of the eToro platform experience. It is easy to carry out basic operations and do things quickly, such as creating several watchlists and adding instruments by searching available markets, as well as placing a trade from each watchlist directly.

CopyPortfolios: One innovative tool is CopyPortfolios, where eToro groups traders into a single fund you can copy trade. CopyPortfolios help bridge the gap for investors who want to use eToro on a passive basis, as they can create a portfolio based entirely on one or more CopyPortfolios. On the other hand, self-directed traders can also use CopyPortfolios to diversify their trading, making it potentially useful for all eToro clients.

Cryptocurrency tools: In addition to self-directed trading across 93 cryptocurrency CFD pairs, users can find crypto trading ideas and copy other individual crypto traders, as well as copy groups of traders. For investors looking to trade the underlying crypto assets, eToroX offers the eToro Mobile wallet app that acts as a custodian using a multi-signature scheme and nearly matches the brand's forex mobile app.

Copy-trading quality: All traders on eToro trade manually. Fully automated trading systems are not permitted, which means when you copy another trader, you can be sure they are placing each trade manually. This is useful to know as many other social trading platforms that aggregate the performance of traders usually permit both discretionary (manual) trades as well as automated strategies, while eToro’s network consists solely of manual trading,MetaTrader:Unfortunately, MetaTrader is not available at eToro.

eToro is regulated by top-tier regulators, the FCA and the ASIC, and also by Cysec. However, it is not listed on any exchange, does not disclose financial information and does not have a bank parent.

The bottom line is that eToro is regulated, licensed, and is a safe broker to trade forex and CFDs with. eToro is considered low-risk, with an overall Trust Score of 91 out of 99. eToro is not publicly traded and does not operate a bank.

eToro (UK) Ltd, a Financial Services Company, is authorized and regulated by the Financial Conduct Authority (FCA) under the license FRN 583263. eToro (or one of its subsidiaries) is also authorised by Australian Securities & Investment Commission (Licensce 491139) and the Cyprus Securities and Exchange Commission (license # 109/10). Learn more about Trust Score.

eToro's customer service is hard to reach, there is no live chat or phone support. The email support can be slow and does not give fully relevant answers.

The contact page refers to 24/5 support but there are no phone numbers listed—except for the Australian branch. A Help Center link leads to an FAQ and help database as well as a login gate for a low-tech ticketing system, a type of support abandoned by most businesses in the last decade. A phone number link on that page leads back to the contact page, inviting client frustration. There is live online chat for existing clients. The platform-based customer service link leads back to ticket and database menus. eToro maintains active Twitter and Facebook accounts, which are used primarily for marketing and analysis entries.

Our Review on eToro

We really don’t understand why there are so many negative feedback towards eToro. I see a lot of people complaining about things caused by their deep inexperience, the same complaints about things written clearly in the broker’s contract.

As far as we are concerned, the eToro is one of the best we’ve tried. We’ve never had big problems or received damages,. The social trading function is very important and innovative because it allows you to see and understand what other investors do in the world. You can exchange opinions, articles, intentions, ask for help … you are not alone but you have continuous support due to the network of people you create.

eToro can be great for retail traders who want to crowdsource investment ideas using the power of copy trading, or for highly experienced traders who want to be rewarded for sharing their ideas with other traders.

Less experienced traders requiring detailed guidance may find the user-friendly platform an added benefit. That said, I do not recommend eToro for active or high-volume traders as high spreads and small maximum trade sizes will be a limiting factor.

eToro is a fantastic trading platform, both from as ease use and technical perspective.
  • Social/copy-trading platform.
  • Detailed and Robust Charting.
  • Well-known fintech startup.
  • Limited fundamental data and customer service needs improvement.

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Ted Editor in chief

Ted is the author of some of the most highly rated review of Forex investment. Ted has consistently provided informative, relevant insight into the latest developments within the FX industry