eToro Rated 4/5

eToro Guide - Read our In Depth 2024 eToro Review

eToro is a social trading and investment platform that enables users to invest in various financial assets, such as Stocks, Cryptocurrency, Commodities, Forex, CFDs, Indices, and ETFs enable users to create diversified investment portfolios from desktop and mobile devices. Since 2019, eToro has experienced significant growth in user adoption, product offerings, and expansion into new markets, and in 2023 has over 30 million registered users worldwide. This large eToro user base is far larger than many other traditional investment platforms, making eToro a market leader in social and copy trading with a large, well-established community of traders. This growth can be attributed to eToro's user-friendly platform and its innovative social trading features that allow users to follow and copy the trades of other successful traders.

With an increased eToro user base, expansion into new markets, innovative social trading features, diverse product offerings, regulation and security, CopyPortfolio,SmartPortfolio, education and research, and global expansion, and plans to go public have contributed to its popularity among traders and investors. These developments position eToro as a leading player in the online investment space.


eToro is now also offering upto 5.3% annual interest on deposited funds in certain countries.

This detailed eToro review has been researched and fact checked by industry experts with over 30 years of financial experience in Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds. eToro USA LLC does not offer CFDs, only real crypto currencies are available on the eToro platform in the USA. In Germany the only crypto trading eToro offers is cryptocurrency CFD trading to German clients.

Learn more about eToro.

Benefits of Trading with eToro

eToro Review 2024 Quick Summary
๐Ÿ’ฐ Charges UK and Europe eToro have 0% free commission on stocks.
๐Ÿ’ฐ Leverage When clients buy stock at 1x leverage its completely free at eToro and they are buying the underlying stock. This isnt always the case with other brokers.
๐Ÿ’น Company eToro are a huge multi asset trading platform.
๐Ÿ“ˆ Shares eToro clients can buy fractional shares.
๐Ÿ’ฐ Min Deposit Min deposit is 50, but $10 is the minimum trade on stocks.
๐Ÿ“ˆ Pricing eToro are one of the cheapest place to buy stocks and cryptocurrency.
โœ”๏ธ Compared eToro are 10 times cheaper than Trading212 and Freetrade and upto 20 times cheaper than other brokers.
๐Ÿ’ฐ Min Deposit 50
๐Ÿ‘ฑโ€โ™‚๏ธ Used By 30,000,000 eToro users and traders
๐Ÿ“† Founded 2007
๐ŸŒ HQ Cyprus, UK
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
๐Ÿšซ Excluded Countries eToro is not available in the following countries : ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MG, MK, MO, UA, JO, KR,

Open eToro's Website

76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Learn more about eToro.
learn more Learn more about eToro.
76% of retail investor accounts lose money when trading CFDs with this provider.

What is eToro?

eToro are a worldwide financial trading platform and broker. founded in 2007 by Yoni Assia, Ronen Assia, and David Ring in 2007, who are now seen as innovators in the field of online trading. Originally Retail FX, it was renamed to eToro. Together, the three eToro founders have created a unique and innovative trading platform that has revolutionized the world of online trading. Their vision and leadership have enabled eToro to grow into a global brand that is recognized as a pioneer in the industry.

Over 16 years later eToro now serves over 30,000,000 retail investors Social trading, Stocks trading, Commodities trading, Indices trading, Forex (Currencies) trading, CFDs trading, Cryptocurrency trading, Exchange Traded Funds (ETF) trading, and Index Based Funds trading.

eToro are a global broker. eToro have a head office in Cyprus, UK.

When trading in the financial markets, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this eToro review and assess how well the eToro platform functions in its role as an international multi asset trading platform for traders in 2023.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like eToro. Choosing or shortlisting a trading platform like eToro can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like eToro.

As a result, selecting the right trading platform like eToro requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like eToro available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like eToro requires thorough due diligence and careful consideration. Some eToro trading features can be complex when trading on mobile or using the eToro online trading platform. Beginners and inexperienced traders must take the time to learn how to use the eToro trading tools properly. In our review of eToro we explain the pros and cons. What eToro offer, countries eToro are available in. Who eToro are regulated by and more.

eToro Review Screenshot

When it comes to online trading with brokers like eToro, carefully review eToro as your broker can make or break your success. Choosing the right broker is essential to ensure your eToro investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your eToro review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of eToro. You must also ensure the eToro broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, eToro needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with eToro into easily digestible information in this eToro review. We want to ensure you have all the knowledge necessary to use the eToro trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with eToro are the key to successful trading, so we've provided this detailed eToro review. So, take a seat, grab a cup of coffee, and dive in to learn about eToro and how it can benefit you or if eToro is not for you.

The fact that eToro has a Wikipedia page is a testament to its reputation and credibility in online trading. It's worth noting that Wikipedia content is highly moderated for accuracy, so having a page dedicated to eToro speaks to its legitimacy and significance.

Creating a eToro Wikipedia page is challenging, as it requires meeting strict criteria and providing accurate, verifiable information regarding eToro. Wikipedia must include reliable sources that support the eToro content on the page.

If you want to learn more about eToro and its history, its Wikipedia page is an excellent resource. You can find valuable information about the eToro founders, services, and industry reputation. Open the eToro Wikipedia page.

Online investing with eToro can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with eToro, evaluating the eToro platform is important. Evaluation includes researching the eToro management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with eToro. That's why it's essential to understand the eToro company policies and practices before making any investment decisions. By doing your due diligence and understanding eToro platform, you can make informed investment choices that align with your financial goals. So take the time to research eToro thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this eToro review you need to determine if eToro is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to eToro, so you can make a more informed decision and compare other brokers against eToro.

If you want to look at some eToro alternatives that might better fit your needs, we list and compare some of the best eToro alternatives further down this eToro review.

Trading online with eToro requires an understanding of what you are doing. It can be challenging and requires significant research and understanding of the eToro trading tools and features. You must know what you are doing when trading with eToro. That's why we've compiled this detailed eToro review with some important information that will hopefully make you more informed when online trading with eToro.

eToro Review Table of Contents

eToro review
eToro is a Multi-Assets Trading Platform with over 5000+ Assets

Learn more about eToro. eToro is a multi asset platform with 5000+ tradable Assets. Assets available on eToro include Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds.

eToro trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds are considered financial assets.

Features of eToro

  • Virtual Portfolio, or what is commonly known as a Demo Account
  • API Trading
  • Social Trading available
  • Copy Trading available
  • StopLoss
  • Trailing Stops
  • TakeProfit Orders
  • Offline-Trading
  • eToro offers Advanced Financial Chart comparison tools
  • eToro offers Research-backed analysis on financial markets and investments from top analysts
  • The eToro platform is available to use on multiple devices including iOS devices like iPhones and iPads, Android devices and online through a Web Browser.
  • eToro offers a trading platform with tools for both New Traders and Seasoned Experts
  • eToro users benefit from using the eToro platform in over 5 different languages

eToro review
What you should know

eToro offer nine ways to trade: Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds. The assets and products available to you on the eToro trading platform depends on the region of the world, you are in and the eToro entity you have an account.

With eToro you will need a minimum deposit of $50. You can sign up for a demo account to acquaint yourself with eToro platform.

eToro are able to accommodate various levels of traders whether you are experienced or a beginner.

Are eToro safe?

When considering eToro for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as eToro, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 2007, and in operation for 16 years eToro have a head office in Cyprus, UK.

eToro is regulated. This means eToro are supervised by and is checked for conduct by the FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 regulatory bodies.

eToro withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like eToro are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. eToro are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of eToro and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. eToro has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, eToro will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like eToro, you can enjoy peace of mind and focus on your trading activities. If eToro violate any regulatory rules their regulated status could be stripped.

76% of retail investor accounts lose money when trading CFDs with this provider.

Is my money safe with eToro?

All payments made to eToro by traders are securely held in a segregated bank account.

eToro uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

What are Tier 1 banks and why should eToro use them?

eToro partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their eToro clients' funds.

eToro clients can have greater confidence in their financial security when working with a Tier 1 bank because eToro are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

What does it mean to have your funds in eToro deposited in a Tier 1 bank?

Depositing funds with eToro ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if eToro were to go out of business unexpectedly.

eToro Trading Insurance (Free where applicable)

eToro's eligible Platinum+ and Diamond Club customers can receive free insurance from Lloyd's of London, protecting them from losses in case of eToro's insolvency or Event of Misconduct. Where available eToro insures to a upper limit of 1 million Euro / AUD for cash, CFD positions, and securities. eToro may apply an excess with some clients. Note that this insurance does not cover real cryptocurrency positions. Get more information about eToro's insurance on their site.

Based on the information presented, it is safe to conclude that eToro is a secure and safe platform.

Please be aware that trading in financial assets with eToro carries a risk of loss. eToro trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

eToro emphasizes this risk on its platform and provides clear risk warnings - 76% of retail investor accounts lose money when trading CFDs with this provider. After answering some important questions about eToro, let's closely examine its features.

To better understand the eToro trading platform, you can create two separate accounts - one with real money and the other a eToro demo account. A eToro demo account provides a risk-free environment for experimenting with the eToro platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in eToro trading decisions.

Open a demo account Visit eToro

76% of retail investor accounts lose money when trading CFDs with this provider.

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How eToro as a Company Compare Against Other Brokers

Broker eToro IC Markets Roboforex XM
Year Established 2007 2007 2009 2009
Head Office Cyprus, UK Australia Belize Cyprus
Regulation FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
Used By 30,000,000+ eToro users 180,000+ IC Markets users 1,000,000+ Roboforex users 3,500,000+ XM users
Negative balance protection Yes Yes Yes Yes
Guaranteed Stop Loss No No No No
Learn More Visit eToro Visit IC Markets Visit Roboforex Visit XM
Risk Warning 76% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.33% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

eToro review
eToro Pros and Cons

What we like about eToro

  • Used by over 30,000,000 eToro users and traders
  • Established in 2007
  • Regulated by FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
  • Min. deposit from $50

What we don't like about eToro

eToro review
eToro Regulation and Licensing in more detail

eToro is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of eToro going into insolvency. eToro compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like eToro to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for eToro traders.

  • FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263)
  • eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission)
  • ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139
  • CySec (Cyprus Securities and Exchange Commission under the license 109/10)
  • FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076

eToro Clients in Europe

eToro (Europe) Ltd is overseen by the Cyprus Securities and Exchange Commission (CySEC) and holds a license from CySEC to offer its services in the European Union European econonmic area, and members outside of the European economic area. Clients in other European countries that trading using eToro Europe Ltd are entitled to investor protection ranging from 20,000 EUR.

eToro UK Clients

eToro (UK) Ltd. are overseen by the FCA and maintains a FCA license to offer eToro services in the EU European Union. Clients in the UK have investor protection ranging from £85,000.

eToro Clients in Australia

eToro Australia Pty Ltd is overseen by the Australian Securities and Investments Commission. For Australian clients Gleneagle Asset Management Limited, holds a Australian Financial Services Licence and is a corporate authorised representative of eToro Australia Pty Ltd.

eToro Users in United States Of America USA

eToro USA is run by eToro USA LLC. eToro USA LLC is registered as a money services business with FinCEN.

eToro Interest Rate

eToro Users in certain countries (currently Denmark, Sweden and Norway) can earn upto 5.3% interest on non traded deposits to the eToro platform. 5.3% annual interest is very competitve. eToro clients who qualify to earn interest on deposits can withdraw at anytime. Earned interest is automatically added to verified eToro clients available balances.

Below is a table showing the eToro interest rate according to available deposited amount.

Total eToro funding balance required$250,000$50,000$25,000$10,000$5,000
interest rate (Annual)5.3%5%2.4%2%1.5%*

The interest rate tied to an eToro trading account is influenced by the aggregate balance, which encompasses both the funds committed to investments and the unutilized cash available. To qualify for interest accrual, a minimal threshold of one cent ($0.01) must be met.

One of the benefits of this interest rate structure is that it offers an additional earning potential on the cash balance that isn't actively invested. The rate is specifically applied to the cash lying idle in your account, which could be a boon for traders who maintain substantial liquidity.

A downside, however, is that the interest is not compounded; hence, the returns on the interest already earned aren't subsequently increased through additional interest. The interest calculation is a daily activity based on the eligible balance after deducting any credits or fees owed, but the payment is aggregated and disbursed monthly. This system simplifies understanding your earnings but might result in lower yield compared to compound interest scenarios.

Another point to consider is that while the payment is automated, arriving on the 1st of every month GMT, any non-invested funds tied to credit lines or bonuses are excluded from the interest calculation. This could reduce the perceived benefit for traders who frequently utilize credit facilities or bonuses offered by the platform.

Lastly, while eToro facilitates the interest payment, tax implications are the sole responsibility of the account holder, varying according to local jurisdiction tax laws. This means staying on top of tax obligations falls on you.

eToro is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like eToro you should be sure they're legitimate online agent.

Is eToro Global?

Yes, eToro is global as eToro is available in over 140 countries.

eToro is a global trading platform in the sense that it operates in 140 countries including nations in Oceania, and Europe. Major countries eToro covers include the UK, Germany, Thailand, the United States and Australia. As per its Wikipedia page, eToro has a total of more than 30,000,000 users. Commendable figures from eToro. eToro has been expanding internationally. If you are a resident of the United States, only certain trading features and financial markets are available on the eToro platform, depending on the state in which you are a resident. eToro availability is due to the regulatory restrictions in the United States. Also, eToro cannot provide access to its platform to citizens of the United States who live outside of the USA.

eToro review
eToro Awards

eToro have won numerious industry awards over the 16 years they have been operating as a financial broker. We have listed the most notable awards and mentions for eToro below.

  • Best Broker for Cryptocurrency Trading 2023 - Investopedia
  • Best Trader Community 2023 - Forex Brokers
  • Best Copy Trading Platform 2023 - Finder
  • Best Multi Asset Platform 2021 - Ultimate Fintech
  • Best Stock Broker 2021 - Ultimate Fintech
  • Best Educational Materials 2022 - Investment Trends
  • Best Platform for Trading Cryptocurrencies 2019 - ADVFN International Financial Awards
  • Best Crypto Award 2021 - Day Trading
  • Best Social Trading Platform 2019 - ADVFN International Financial Awards
  • Best Of Show 2015 - Finovate Europe
  • Best Trading Platform 2013 - Star Awards
  • Best Use Of Social Media 2012 - The Share Awards
  • Goldener Bulle 2012 - Finanzen Verlag
  • Best Mobile Trading Platform 2011
  • Best Active Trading Platform 2010 - Money AM Online Finance Awards

eToro review
eToro Fees Explained

  • eToro withdrawal requests are subject to a $5 fee. Also withdrawals sent in non USD currencies will also have conversion fees.
  • eToro does charge a fee for inactive accounts.
  • eToro doesn't charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from eToro are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

eToro Costs To Check

Modern brokers like eToro provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, eToro may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall eToro trading profitability.

Trading fees with eToro depend on the financial instrument that is being traded. There are zero trading fees on stock and ETF trading. But when trading Forex or CFD trades on the eToro platform, associated trading fees are the market average for those financial instruments. Unlike some trading systems, there is no management fee for having an eToro account. There are some non-trading fees, like the $5 withdrawal fee.

How eToro Fees Compare Against Other Brokers

Broker eToro IC Markets Roboforex XM
Min Deposit 50 200 10 5
Withdrawal Fees Yes No Yes No
Inactivity Fees Yes No No Yes
Deposit Fees No Varies No No
CFD Commission Fees Yes Yes No No

eToro Minimum Deposit

eToro requires a minimum deposit of 50 GBP/USD/EUR when opening an eToro trading account.

A minimum deposit is the minimum amount of money required by eToro to open a new online brokerage account with them.

Don't be scared off by brokers like eToro charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like eToro, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

eToro Withdrawal Fees

If you want to withdraw funds from eToro, please note that a withdrawal fee of $5 (approximately 4.22 GBP, depending on exchange rates) will apply. Additionally, withdrawing funds in a non-USD currency may incur conversion fees, as USD is eToro's base currency.

The eToro withdrawal fee waivers, and there is no withdrawal fee for Platinum or Diamond eToro Club members. To become an eToro Club Platinum member, you must hold at least $25,000 equity with eToro. Being an eToro Club member comes with many additional benefits.

eToro has a minimum amount you can withdraw of $30, and of course, you can only withdraw what is in your available eToro balance. eToro will send you a notification once your withdrawal has been completed.

eToro Withdrawal rules may vary across different brokers when it comes to transferring funds from your eToro or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with eToro may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the eToro withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from eToro. Researching and comparing eToro withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing eToro funds frequently or dealing with large sums of money. Awareness of these eToro fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your eToro funds.

eToro Withdrawal Methods

eToro funds are usually withdrawn to the same payment method used to fund your account. eToro, by default, prioritises withdrawals to credit cards, PayPal and bank transfers. But eToro can support multiple payment methods and allows you to withdraw your funds to Credit cards, VISA, MasterCard, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, Giropay, Electronic wallets (eWallets), Payoneer. Each separate payment method may have differing conversion fee costs.

For example, eToro allows you to withdraw your funds to Credit cards, VISA, MasterCard, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, Giropay, Electronic wallets (eWallets).

eToro Review Withdrawal of Funds

Past performance is not an indication of future results.

eToro Inactivity Fees

eToro does charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by eToro terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all eToro fees and services. It's recommended that you check the eToro website before signing up. If you decide to close your eToro account, it's important to do so with the eToro broker customer support and obtain confirmation that no remaining eToro fees are due.

Brokers like eToro must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

eToro Deposit Fees

eToro does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

eToro Commission Fees

eToro has 0% Commission on real stocks / ETFs investments.

Brokerage firms like eToro may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the eToro trading account level held by the trader.

eToro may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing eToro terms and conditions to understand the commission fees and any other charges that may apply is essential.

eToro review
What can you trade with eToro?

It's essential to note that the trading instruments offered under the eToro brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the eToro trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

You can trade a wide variety of instruments with eToro over 5000 instruments in fact.

If you want to trade currency pairs on global Forex markets, eToro offer over 50 currency pairs.

eToro Compared To Other Brokers

Compare eToro with IC Markets and Roboforex below.

76% of retail investor accounts lose money when trading CFDs with this provider.

How eToro Trading Options Compare Against Other Brokers

Broker eToro IC Markets Roboforex XM
Instruments Available 5000 2250 100 1000
Platforms Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 50 61 35 Yes
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies (availability subject to regulation) Yes Yes No No
Commodity CFDs        
Commodities Offered 31 20 21 Yes
Metals Yes Yes Yes Yes
Energies Yes Yes No Yes
Agricultural Yes Yes No No
Indiced & Stock CFDs        
Stocks Offered 2042 2100 0 Yes
UK Shares Yes Yes Yes Yes
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes Yes
Risk Warning Visit eToro
76% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit XM
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.33% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Buy Stocks on eToro

eToro is a multi-asset platform that allows investors to trade stocks and shares of over 3000 companies from 17 financial exchanges worldwide with zero commission fees.

eToro traders can invest in stocks and shares without paying additional charges on top of their trading fees.

eToro's zero-commission policy makes it an attractive option for those looking to invest in stocks and shares with a limited budget. Additionally, eToro's platform is user-friendly, making it accessible to both beginner and experienced traders.

Zero Commission Stocks on eToro

eToro offers zero commission on over 3,000 non-leveraged stocks and shares on their platform, meaning users can buy and sell these assets without incurring additional fees. This feature is not available for stock CFD trades. However, the availability of zero commission may differ depending on the regulatory body the user falls under, with different rules for customers in the United Kingdom, Cyprus, and Australia.

eToro has a low minimum trade requirement of $10 and no overnight fees on non-leveraged stocks. Additionally, eToro does not charge management, ticketing, or admin fees, making it a cost-effective choice for traders. eToro's large customer base allows them to offer competitive offers and pass savings on to their users.

Stamp Duty and Financial Transaction Tax when Trading with eToro

eToro ensures that applicable registered clients comply with local tax authorities by covering the cost of stamp duty and financial transaction tax. Clients in the UK, Ireland, France, and Italy may save up to 0.5%, 1%, 0.3%, and 0.1%, respectively. It's important to note that taxes may apply to all financial assets, such as stocks, currency, and crypto assets, based on your location. More information can be found on the eToro website.

Own the Underlying Stock on eToro

When trading with eToro, you can trade stocks where you own the underlying asset. Non-leveraged real asset stock trading is important because some brokers only offer CFD trading on stocks and shares.

When you buy a non-leveraged stock on eToro, it is logged on the platform. While you will not receive a stock issue certificate or voting rights, you will be entitled to share dividend payments if you meet the criteria for that financial asset.

eToro allows registered users to trade leveraged CFD stocks, but if you prefer to trade traditional stocks and shares, you can do so with eToro. You can buy and sell stocks and shares directly from the eToro web trading platform or their mobile app, which is available for both Apple and Android devices.

eToro Copy Trading and Stock Trading

If you're looking for a social trading and copy trading platform to invest in stocks and shares, eToro could be the right choice. With eToro's CopyTrader and CopyPortfolio features, users can copy the trades of successful investors and follow their strategies. This social trading option allows users to browse thousands of financial instruments and connect with top-performing investors that align with their investment objectives.

Copy trading on eToro isn't just limited to stocks; it includes asset classes such as cryptocurrencies, commodities, currencies, ETFs, Indices, and equity trading. eToro copy trading can open up new opportunities for traders who want to try different investment strategies and diversify their portfolios.

Copy trading has become a popular alternative to robo-advisors, and eToro provides access to more than 30 million users from over 140 countries, including the UK. Copy and social trading can help traders make better decisions and enhance their returns.

eToro's copy trading platform comes with risk management features such as limiting the number of traders a user can copy to 100 and setting a minimum investment amount of $200. eToro also has a minimum investment amount for each copied position of $1 and a default stop loss of 10% for CopyPortfolios.

It's essential to remember that anything you read or hear when copy trading should be researched thoroughly. While copy trading can be an excellent way to boost your portfolio's performance, it doesn't guarantee future returns. You should always perform your due diligence before investing in any trade, even if it's from a successful investor.

As with any investment, there are risks involved with eToro's copy trading feature. It is essential to have a solid understanding of the risks involved before you start investing. Even when copying other successful traders, it is crucial to manage your portfolio and limit your exposure to risk.

eToro also provides educational resources to help users develop their trading skills and make more informed investment decisions. They offer webinars, eCourses, and a social trading blog to help users learn from industry experts and successful traders.

eToro Cryptocurrency Trading

eToro offers a full set of crypto services that support and enable crypto traders the trading all of the major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Solana (SOL), Cardano (ADA), Polkadot (DOT), XRP (XRP), Dogecoin (DOGE), Terra (LUNA), Avalanche (AVAX), Shiba Inu (SHIB), Chainlink (LINK), USD Coin (USDC), Polygon (MATIC), Cosmos (ATOM), Internet Computer (ICP), Filecoin (FIL), Uniswap (UNI), Algorand (ALGO), and VeChain (VET). If you want to get into crypto trading or are one of the many experienced cryptocurrency traders trading crypto assets, eToro will have crypto services useful to you.

eToro cryptocurrency availability is subject to local regulation and country or region.

eToro Review Crypto Trading

Past performance is not an indication of future results.

Full List Of Cryptocurrencies Available On eToro

We list the full list of cryptocurrencies available on eToro below. The cryptocurrencies available on eToro may be subject to change.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Binance Coin (BNB)
  • Solana (SOL)
  • Cardano (ADA)
  • Polkadot (DOT)
  • XRP (XRP)
  • Dogecoin (DOGE)
  • Terra (LUNA)
  • Avalanche (AVAX)
  • Shiba Inu (SHIB)
  • Chainlink (LINK)
  • USD Coin (USDC)
  • Polygon (MATIC)
  • Cosmos (ATOM)
  • Internet Computer (ICP)
  • Filecoin (FIL)
  • Uniswap (UNI)
  • Algorand (ALGO)
  • VeChain (VET)
  • Theta Network (THETA)
  • Ethereum Classic (ETC)
  • The Graph (GRT)
  • Amp (AMP)
  • IOTA (MIOTA)
  • Dai (DAI)
  • Aave (AAVE)
  • Axie Infinity (AXS)
  • Wrapped Bitcoin (WBTC)
  • Celsius (CEL)
  • BitTorrent (BTT)
  • Flow (FLOW)
  • TerraUSD (UST)
  • Stellar (XLM)
  • Ren (REN)
  • Fantom (FTM)
  • Hedera Hashgraph (HBAR)
  • SushiSwap (SUSHI)
  • Bancor (BNT)
  • Loopring (LRC)
  • Maker (MKR)
  • Synthetix (SNX)
  • Serum (SRM)
  • NEXO (NEXO)
  • Elrond (EGLD)
  • OMG Network (OMG)
  • 1inch (1INCH)
  • Arweave (AR)
  • Ocean Protocol (OCEAN)
  • Band Protocol (BAND)
  • Gnosis (GNO)
  • Kusama (KSM)
  • Reserve Rights (RSR)
  • Energy Web Token (EWT)
  • Kyber Network (KNC)
  • Ankr (ANKR)
  • Audius (AUDIO)
  • Enjin Coin (ENJ)
  • Curve DAO Token (CRV)
  • Serum (SRM)
  • Storj (STORJ)
  • Perpetual Protocol (PERP)
  • Quickswap (QUICK)
  • Reef Finance (REEF)
  • Nervos Network (CKB)
  • Balancer (BAL)
  • The Sandbox (SAND)
  • Power Ledger (POWR)
  • Aragon (ANT)
  • OceanEX Token (OCE)
  • Injective Protocol (INJ)
  • My Neighbor Alice (ALICE)
  • Swipe (SXP)
  • Sora (XOR)
  • Celsius Network (CEL)
  • API3 (API3)
  • BarnBridge (BOND)
  • Orchid (OXT)
  • Augur (REP)

eToros Crypto Wallet App

With the increasing popularity of cryptocurrency trading, eToro has become a go-to platform for traders looking to store their digital assets in a secure location. The eToro crypto wallet app provides military-level encryption to ensure maximum security.

It's an all-in-one crypto exchange that allows users to buy, sell, send, receive, and convert over 120 cryptocurrencies and up to 500 cryptocurrency pairs. This feature makes it a favourite among active traders who deal with multiple cryptocurrencies simultaneously.

In addition to its comprehensive crypto wallet services, eToro offers other innovative products to cater to the needs of its over 30 million customers. To stay up-to-date with the latest trends, eToro introduced Crypto CopyPortfolios. This feature allows users to leverage copy trading with crypto assets, allowing them to replicate the trades of experienced traders. These portfolios have been a hit among eToro users and have helped many traders navigate the volatile crypto market. The eToro crypto wallet app is not available in all countries.

eToro Crypto CopyPortfolio Managed Cryptoasset Trading

As well as trading traditional crypto-related financial instruments, eToro users also have access to a managed crypto portfolio product called CopyPortfolios.

Investing in CopyPortfolios will automatically copy traders and multiple markets based on a predetermined investment strategy. Understand that eToro CopyPortfolios are not hedge funds or exchange-traded funds.

CopyPortfolios allows traders to gain diversified exposure to cryptocurrency markets. The CopyPortfolio crypto assets are calculated proportionately to their market cap, starting at 5%. The minimum investment for eToro CopyPortfolios is $500.

It's important to differentiate between actively participating in crypto trading on individual assets and copying the trades of other eToro users also trading crypto assets. While Crypto CopyPortfolio is a distinct managed service offered by eToro. Cryptoasset trading with eToro is not available in all countries.

eToro Review CryptoPortfolio CopyPortfolio Stats

Past performance is not an indication of future results.

eToro Review CryptoPortfolio CopyPortfolio

Past performance is not an indication of future results.

eToro review
Trading on eToro web platforms and other applications

eToro provides traders with a modern custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so here.

eToro also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

eToro Review Mobile App Financial Markets eToro Review Mobile App Trading Community eToro Review Review Mobile App Trading

Past performance is not an indication of future results.

You can download the IOS and Android apps from the links below. eToro users report the IOS and Android apps as easy to use.

See eToro's platforms

Is the eToro Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the eToro trading platform to protect you on PC and mobile eToro platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using eToro web trading platforms.

eToro Trading Platform Options

eToro does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

eToro offers its custom trading platform developed and tested in-house. The eToro trading platform allows traders to track their portfolios and the current markets, locate trade ideas and place trades.

The eToro platform allows traders to filter the financial marketplace for trade opportunities that match criteria.

With eToro, you can examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the eToro platform, including news and quotes. Discover possible trades with the strong charting tools found with eToro. eToro is available as downloadable applications or online through the cloud. Monitor your orders with eToro and receive breaking news in your positions.

eToro Trading Dashboard Home

eToro Review trading dashboard home

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How The eToro Main Dashboard Works

eToro Dashboard Main Screen

The eToro trading dashboard is the first thing you will see after logging in to your secure eToro trading account. The eToro dashboard helps to get a quick overview of financial market conditions.

The main screen displays a live price summary of securities and other financial assets. These are live market prices that update in real-time.

You can see how the most popular stocks, commodities, Indices, Forex currencies, cryptocurrencies and other financial assets perform on the live markets.

The interface is clean, with a simple navigation panel to the left.

eToro Dashboard Navigation

The main navigation for the eToro trading platform is always within easy access. Whether viewing on a desktop computer or mobile device, you will always be only 2-3 clicks away from whatever you need.

A good easy-to-use UI design and a trading platform responding quickly to your actions are crucial for active traders. The financial markets can be extremely volatile, and responding to market news and trends can make or break a trader's trade.

The eToro navigation is well-designed and responds quickly. The eToro platform feels very sturdy.

The eToro trading platform has the following navigation options on the left panel to review markets and access what you need quickly.

  • eToro Watchlist
  • eToro Portfolio tracker
  • Market News Feed
  • Trade Markets with eToro
  • Copy People - Copy other traders on eToro
  • Invest in CopyPortfolios with eToro
  • eToro Club Dashboard
  • Invite Friends to eToro
  • eToro Help Portal
  • eToro Guides
  • Withdraw Funds from eToro
  • eToro Demo and eToro Live markets toggle
  • Search markets and people on eToro

eToro Charting

eToro Review Charting ProCharts

Past performance is not an indication of future results.

eToro Charts Explained

eToro ProCharts

eToro is a trading platform that offers various charting options, including the eToro ProCharts, which display candle charts for different assets such as Apple Computer Inc.

One of the advantages of eToro's charting system is the ability to configure charts according to user preference, such as changing the data feed period from 1 minute to 1 week. The charts also update in real time. To increase the chances of success when trading, it is recommended to fully understand the range of charts and tools available on the eToro platform. With practice and time, these tools become easier to use.

eToro Charting Types

eToro offer the following chart types :

  • Candle
  • Hollow Candle
  • Bar
  • Line
  • Mountain

eToro Charting Tools

eToro offer the following charting tool options :

  • Line
  • Horizontal
  • Vertical
  • Channel
  • Rectangle
  • Ray
  • Segment
  • Annotation
  • Fibonacci
  • Pitchfork
  • Eclipse
  • Doodle
  • Measure

Available eToro Charting Studies

eToro offers the following charting tool studies :

  • Moving Average
  • RSI
  • Bollinger Bands
  • MACD
  • Stochastics
  • Ichimoku Clouds
  • Parabolic SAR
  • ADX / DMS
  • Standard Deviation
  • Money Flow Index
  • Momentum Indicator
  • Ultimate Oscillator
  • Average True Range
  • Williams %R
  • Donchian Channel
  • Detrended Price Oscillator
  • TRIX
  • Keltner Channel
  • Commodity Channel Index
  • Swing Index
  • Pivot Points
  • Weighted Close
  • Coppock Curve
  • Center of Gravity
  • Median Price
  • Random Walk Index
  • Linear Reg Forecast
  • Linear Reg Intercept
  • Linear Reg Slope
  • Linear Reg R2
  • High Minus Low
  • Alligator
  • Channel
  • Price Oscillator
  • Vertical Horizontal Filter
  • QStick
  • Awesome Oscillator
  • Aroon
  • Elder Ray Index
  • Schaff Trend Cycle
  • Stochastic Momentum Index
  • Accumulation / Distribution
  • Accumulative Swing Index
  • Chande Forecast Oscillator
  • Chande Momentum Oscillator
  • Prime Number Bands
  • Prime Number Oscillator
  • Pretty Good Oscillator
  • Average Deviation
  • Ehler Fisher
  • Fractal Choas Bands
  • Fractal Choas Oscillator
  • High Low Bands
  • Highest High Value
  • Lowest Low Value
  • Pitchfork
  • Price Rate of Change
  • Rectangle
  • Segment
  • Ray
  • Line
  • Doodle
  • Annotation

eToro Chart Stats and Indepth Details

eToro Review Charting Statistics

Past performance is not an indication of future results.

eToro allows you to view detailed statistics on financial securities and other assets easily.

In the image above, you will see that you can change the date range of the AAPL chart, view the previous close, days range, 52-week range, average volume, 1-year return, market cap, profit/earnings ratio, revenue, EPS and dividend yield. All are easily accessible within the eToro platform. Charting tools are essential when analysing market conditions and monitoring and spot trends that will help your investment strategy.

eToro Financial Summary

Scrolling down the eToro statistics page, you can see a financial summary of your selected security.

This includes useful information like income statements, balance sheets and cash flow statements.

eToro News Feeds

eToro Review News Feeds

Past performance is not an indication of future results.

eToro has a news feed built into the platform where you can read the market news from other traders on the eToro platform.

These active news feeds allow you to review market events and understand market trends and sentiment. Although some of this information may be useful, you should do independent research and verify what you read.

eToro CopyTrader

eToro Review CopyTrader

Past performance is not an indication of future results.

eToro has an innovative feature called eToro CopyTrader.

eToros CopyTrader allows registered users to copy trades of other successful traders on the eToro platform.

For convenience and ease of use, eToro layout the Copytrader page by Editors choice, Most Copied, Trending, Top Investors, Lower Risk Score, Medium Risk Score.

You can also search the eToro platform for specific successful traders in the niche you want to trade in and view their news feed, trading statistics, and performance.

eToro Copy People Search Filters

You can filter your search for eToro traders to copy by specific country.

You can filter the type of market you want your traders to trade in, for example, Forex brokers trading currencies, Crypto, Commodities, Indices, Stocks and ETFs.

Another great feature is that you can filter traders to copy by the average percentage their trading has gained. For example, you can type in a number to show only traders who have gained 10% over the last 12 months. You have a duration filter that accompanies the percentage gain filter. You could return eToro traders that have gained 10% over the last 1 month to 2 years.

A fascinating feature. But of course, you must take these tools with a pinch of salt. Do your research before committing to any trading activity.

eToro Copy People Trader Statistics in Detail

eToro Review Trader Stats eToro Review Trader Stats

Past performance does not indicate future results.

As you can see from the screen capture above, you can see a specific trader's trading performance historically by month and year. Understand that when you view any of these stats, although easy to use, past trading performance is not an indication or guarantee of future trading performance. eToro updates this statistics data every day.

eToro Trader Risk Score

eToro display a risk score for each trader. This trader risk score is an average calculated using eToro's bespoke risk score algorithm using data from that user over the last 7 days. You can see how a trader's risk score has changed over previous months and years. You have an average percentage of that trader's max drawdown over the last day, week and year. The eToro risk score is a value from 1 to 10. A 10-risk score is a high-risk eToro trader, and a 1-risk score estimates a low-risk eToro trader.

The trader statistics detail page shows how many other registered eToro users are copying this trader. You can see from the screen capture that 19,892 traders are copying the trader above.

eToro Trader Trading Type Breakdown

Scrolling down the trader statistics page, you will see a breakdown of the types of financial assets and securities they are trading.

You can see the total number of trades completed over the last year. The trade data is displayed in percentages, segregated into what percentage of these trades were stocks, indices, crypto, ETFs, commodities and currencies.

eToro Trader Average Trading Stats

Some of the most important values here are the average percentage of profitable trades and the average of traders with a loss. On the far right, there is a percentage of profitable trades.

You can see which securities are most frequently traded by your selected trader and how profitable they were when trading those financial assets.

You can see on average how many trades they complete each week, their average holding time, how many weeks on average their trades have been profitable and the date the trader completed their first trade on the eToro platform.

Invest in Copy Portfolios

eToro Review CopyPortfolios

Past performance is not an indication of future results.

eToro offers a portfolio management product called eToro CopyPortfolios. CopyPortfolios allows eToro clients to copy markets and traders based on a predetermined trading strategy.

eToro CopyPortfolios should not be considered a hedge or exchange-traded funds.

The eToro CopyPortfolio page is separated into the following sections: Top trader portfolios, Market portfolios and Partner portfolios.

eToro Trading benefits

  • eToro Offers STP
  • eToro Low min deposit
  • eToro Offers Negative Balance Protection
  • eToro offers low-cost stock purchases, and clients always buy the underlying stock at 1x leverage, which may not be the case with other brokers.

eToro Trading Accounts Offered

Below we give an overview of the account types that eToro offer. Whatever you are looking to trade, the varying eToro account types will be able to provide you with what you need.

  • eToro Demo account
  • eToro Standard account
  • eToro STP account
  • eToro Islamic account

Can I try eToro?

eToro provides a demo account that enables individuals to explore trading before investing their funds. By creating a eToro practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the eToro demo account can help individuals to make informed decisions before investing their money.

Open a demo eToro account to practice and trade.

76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

eToro withdrawal and funding methods

It's essential to remember that the payment methods provided by eToro vary based on the eToro entity and the eToro client's country of residence. To view the eToro payment options available, you can log into your eToro member's area.

eToro offers various funding payment methods listed in your eToro dashboard if available in your region. To learn more about the eToro funding and withdrawal options available in your area, you can explore the eToro website.

eToro provides several payment methods for funding your eToro account. You may utilize any of these deposit options if they are available in your region. eToro ensures that users have multiple payment methods to choose from, making it more convenient for verified eToro account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the eToro user's location. learn more about eToro funding and withdrawal methods.

eToro Payment Methods

Some eToro payment methods are local and are available only to specific regions. eToro account holders should check which payment methods are provided in your region.
  • eToro accepts Credit cards
  • eToro accepts VISA
  • eToro accepts MasterCard
  • eToro accepts Maestro
  • eToro accepts Debit Cards
  • eToro accepts Bank Transfer
  • eToro accepts PayPal
  • eToro accepts Neteller
  • eToro accepts Skrill
  • eToro accepts WebMoney
  • eToro accepts Giropay
  • eToro accepts Electronic wallets (eWallets)
Broker eToro IC Markets Roboforex XM
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal Yes Yes No No
Skrill Yes Yes Yes Yes
Payoneer No No Yes Yes
Neteller Yes Yes Yes Yes

*please note available eToro and other broker payment methods depend on the clients country of residence.

How can I start trading with eToro?

To open a trading account with eToro, individuals can sign up on the eToro website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for eToro account validation and making a deposit. Once completed, eToro users can download the trading platform of their choice.

It's important to note that eToro requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps eToro maintain a trustworthy financial environment for its 30,000,000 users. Detailed information on the eToro trading platforms is available on their website.

76% of retail investor accounts lose money when trading CFDs with this provider.

Performing trades with eToro

When using eToro, the minimum trade size is typically $10 units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. eToro have a max trade of 20% of equity. With STP execution on the eToro platform, traders can anticipate tighter spreads and greater transparency when it comes to trade pricing.

Like other brokers, eToro margin requirements can differ depending on the traded instrument.

eToro offers traders several risk management tools and features, such as Technical analysis, Fundamental analysis, Diversification of portfolio, Negative Balance Protection, Stop losses (with trailing stop loss orders), Position sizing techniques, Price alerts, Position sizing techniques, Limit orders, Hedging strategies, amonst others. You can learn more about eToro, and see all of the eToro account features on the official eToro website.

eToro Pending Close

When copying a trader on the eToro platform, you will, at some point, want to stop copying their trades.

How this works on the eToro platform is when you have someone you are copying, they will be listed in your eToro portfolio.

You can highlight a eToro portfolio item and select stop copying. Stop copying, then changes the status of that portfolio item to an eToro Pending Close.

When a stop copying action is initiated into the eToro system, the eToro platform will attempt to close all of the related positions. When you initiate a stop copying request, all related financial markets and exchanges may not yet be open. For example, if your portfolio has UK stocks but the stock markets in the United Kingdom are not yet open.

You can only sell your financial assets when the exchange it's traded on is open. Your related close orders will be executed when the related financial exchanges are opened.

This is something to be aware of, especially on the weekend when most markets are closed and open again on Monday morning. Time differences across geographical regions and differing bank and public holidays may affect when your trading positions are closed, and your eToro available balance is updated.

CFD Trading on eToro

We will show you an example of the basics of using eToro leverage.

CFD trading on eToro allows traders to speculate on the price movements of various financial instruments against the broker eToro, without actually owning real assets. With CFDs, eToro traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

eToro provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, eToro leverage profits and losses are magnified when trading. For instance, using CFDs, you use the eToro trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, eToro leverage magnifies both profits and losses in trading.

Trading CFD trades on the eToro platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced eToro traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider.

Limiting Your Risk When Trading with eToro Negative Balance Protection

Negative balance protection is important for traders using leverage on platforms like eToro. In an unfavourable market move, leverage can result in a loss that exceeds the trader's account balance, leaving them with a negative account balance. If a eToro trading position does not go in your favour, this is where negative balance protection comes in handy.

Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature. With negative balance protection, eToro trading losses are always limited to the current balance of funds in the trader's account.

Even if an eToro trader experiences a significant loss, they will never owe more money than what is available in their eToro account balance.

It's important for eToro traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks. By doing so, traders can trade with peace of mind, knowing that eToro losses are limited to the funds available in your eToro account when negative balance protection is in place.

Limit Risk When Trading with eToro Stop Loss, eToro Stop Limit Orders

Stop-loss orders are a popular risk management tool traders use on platforms such as eToro . By setting a specific price point for buying or selling a security, traders can limit their potential losses on a position.

Stop-loss orders are especially important for eToro traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses. However, the circumstances in which an eToro trader should use a stop-loss order can vary depending on the specific trade and market conditions.

Overall, stop-loss orders can provide eToro traders with an effective way to manage risk and protect their investments in volatile markets. Stop Loss and Take Profit are not guaranteed with eToro, you must actively monitor your live trading portfolio and financial exposure on eToro.

Education Resources at eToro

To trade effectively with eToro, it's important to have a good understanding of the eToro trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with eToro and externally.

eToro . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with eToro. Familiarizing yourself with the eToro trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using eToro. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with eToro involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like eToro, and risk management techniques can help you become a more confident and successful trader.

eToro Podcasts eToro Trading School

eToro Financial Guides and Tutorial Articles

Expand your trading knowledge with eToro's comprehensive educational resources. Whether you're a beginner or a seasoned trader, eToro offers a range of options to help you improve your skills and stay up-to-date with the latest market trends.

eToro Online Webinars

Join eToro's weekly online 90-minute webinars and exclusive trading podcasts featuring industry leaders and experienced traders. Additionally, eToro provides access to their Market Watch webinars, which dive into more technical aspects of trading.

eToro Podcasts

For those looking to delve deeper into financial topics, eToro's financial guides section offers detailed tutorials on various subjects. Prefer to learn on the go? eToro's weekly Digest and Invest podcast is available directly from your eToro dashboard. You'll hear from eToro contributors such as Sam North, Liam Vaughan, and Josh Gilbert.

eToro Video Tutorials

If you're new to the eToro platform, their video tutorials provide an excellent introduction to its features and functionality. However, it's essential to supplement your learning with additional educational resources to help you succeed in trading. Even when using eToro's copy trading feature, it's crucial to understand how other traders will use your money.

Take an analytical approach to trading with eToro. Explore the eToro platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with eToro, before live trading.

Customer Support at eToro

As part of our eToro review, we review customer service options, response times and problem resolution effectiveness on the eToro trading platform. The eToro trading platform supports multiple languages, which includes English, German, Spanish, French, Italian.

eToro Available Support Types

eToro has a triple AAA grade support and customer service rating because they offer various range of languages, live chat, and email support.

eToro customer service supports multiple languages from all over the world. Having a broker that can hire people from various locations worldwide who can better communicate with you in your local language is a huge advantage when dealing with issues.

Your customer service experience with eToro has to be positive for you to effectively trade the financial markets on the eToro platform. eToro should answer all of your questions and your eToro platform issues are solved. When an eToro customer has any queries regarding eToro, the eToro customer support team should take these issues seriously and offer a quick and effective solution. eToro has a great client support team, so we have rated their customer service highly.

Livechat Support at eToro

We experienced fast and responsive support from eToro

At eToro, customer support is a top priority. We put their live chat to the test, reaching out through both their app and website. We were pleasantly surprised to receive a response within three minutes. Don't take our word for it. Test the chat service yourself. A responsive chat service from eToro should be a positive support experience for all eToro users, saving you from waiting days for an email response.

We also tested communicating with eToro support in various languages and countries. The eToro help centre quickly resolved our customer issues.

Email Support at eToro

As part of our review process, we wanted to test the email support offered by eToro. We sent 25 emails at different times and were impressed with the response times. We received the fastest response in less than 2 minutes, and the slowest response was 3 hours. While your experience may vary, our testing shows eToro has excellent email support overall.

The support team quickly and efficiently resolved all of our queries. Overall, we were very satisfied with the email support provided by eToro. If you're looking for a broker with reliable email support, eToro is worth considering.

Phone Support at eToro

eToro does not offer Phone Support.

Although eToro does not offer phone support, they have a very effective ticketing and live chat system. The eToro live chat was quick and may be far more effective than a potential phone call.

See how eToro Support Compares Against Other Brokers

Broker eToro IC Markets Roboforex XM
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, German, Spanish, French, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish
Learn More Visit eToro Visit IC Markets Visit Roboforex Visit XM
Risk Warning 76% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.33% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What you will need to open an account with eToro

As eToro is regulated by FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076.

As a new client of eToro, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with eToro in your region. During the eToro account opening process, you will be asked to provide eToro with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with eToro have the following documents available.

  • eToro require a scanned colour copy of your passport, driver's license or national ID card.
  • A recent utility bill or bank statement that confirms your residential address for eToro compliance. This must be dated within the last six months.
  • If you plan to fund your eToro account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the eToro platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under eToro Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring eToro's platform.

However, remember that you won't be able to make trades on eToro until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the eToro KYC compliance process as soon as possible to avoid any delays in accessing the eToro platform's features.

It is important to note that eToro may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the eToro platform and features immediately. However, you must pass the verification process to start live trading with eToro, which can take up to a few business days.

To start the process of opening an account with eToro you can visit the eToro trading platform here.
76% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://www.etoro.com on December 03, 2023.

Watch this eToro Explainer Video

Is eToro A Good Broker?

We have spent over 5 years examining eToro in depth. Although eToro are not perfect; we found many really useful aspects with the overall offering from eToro. Our personal experience of trading with eToro was very good. Weighing up many points,eToro is a good broker.

  • eToro have a good track record of offering Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds.
  • eToro has a history of over 16 years.
  • eToro has a reasonable sized customer support of at least 10.
  • eToro are regulated by the FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076. eToro is subject to strict regulatory oversight from its respective jurisdiction, which holds eToro (the broker) accountable for misconduct. This regulatory framework helps ensure that eToro operates fairly and transparently and provides eToro customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and eToro.
  • eToro have regulation from reputable regulators.
  • One of the advantages of using eToro is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from eToro are particularly important as eToro traders want to receive their money quickly. With the efficient eToro payment processing system, traders can enjoy faster access to their eToro funds.
  • eToro have an international presence in multiple countries. Including local eToro seminars and training.
  • eToro can hire people from various locations in the world who can better communicate in your local language.

eToro Risk Disclosure

eToro is a multi-asset platform which offers both investing in stocks and crypto assets, as well as trading CFDs.

Please note that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to risk losing your money.

Past performance is not an indication of future results. The trading history presented is less than 5 complete years and may not be a basis for an investment decision.

Copy trading is a portfolio management service provided by eToro (Europe) Ltd., authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Tax on profits may apply.

Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilising publicly available non-entity specific information about eToro.

Trading Risk Disclaimer

Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

eToro not quite right?

If after reading this eToro review, eToro does not fulfill your needs check out these eToro Alternatives.

Click here to view the best eToro Alternatives

We have spent years researching the best alternatives to eToro. Click the links below to learn more.

After extensive research over several years, we have compiled a list of the most effective eToro alternatives available today. If you are unsatisfied with eToro or want to explore other options, we recommend checking out our carefully curated list of highly-rated eToro alternatives. Follow the links below to learn more about these eToro broker alternatives and choose the one that best suits your trading needs.

Related eToro Vs Comparisons

Throughout our comprehensive eToro review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing eToro against other popular brokers in the industry, check out our eToro Vs pages. Our team has compiled a series of detailed eToro comparison articles, pitting the eToro platform against some of the best-rated eToro competitors in the market. Dive into our informative eToro Vs pages below to find out how eToro stacks up against other leading brokers.

eToro review
ETORO Frequently Asked Questions

Read our detailed eToro FAQ Section updated for 2024.

Can I try eToro?

eToro offer a demo account so you can try the eToro platform with virtual trading before you put down a payment. Virtual trading with eToro is zero risk. Learn more here

What funding methods do eToro accept?

Please note that the list of payment methods below depends on the eToro Entity and the client's Country of Residence.

eToro offer the following funding payment methods Credit cards, VISA, MasterCard, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, Giropay, Electronic wallets (eWallets), among other payment methods.
Learn more here

76% of retail investor accounts lose money when trading CFDs with this provider.

Is eToro safe?

eToro have over 30,000,000 users. eToro are considered reliable as they are regulated by and checked for conduct by the FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076. Any payments funded to eToro accounts by traders are held in a segregated bank account. For added security,eToro use tier-1 banks for this. Tier 1 is the official measure of a bank's financial health and strength.Trading with eToro is risky, and because the market is so volatile, losses could happen at any time. Do not invest with eToro unless you are prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

76% of retail investor accounts lose money when trading CFDs with this provider.

Is eToro trading good?

eToro is considered good and reputable to trade with eToro. eToro is used by over 30,000,000 traders and eToro users. eToro offers Social trading, Stocks trading, Commodities trading, Indices trading, Forex (Currencies) trading, CFDs trading, Cryptocurrency trading, Exchange Traded Funds (ETF) trading, and Index Based Funds trading. Minimum deposit with eToro is 50.

Is eToro trading Legit?

eToro was founded in Cyprus, UK in 2007. eToro has been facilitating trade on the financial markets for over 16 years. eToro offers clients Social trading, Stocks trading, Commodities trading, Indices trading, Forex (Currencies) trading, CFDs trading, Cryptocurrency trading, Exchange Traded Funds (ETF) trading, and Index Based Funds trading. All funds deposited to eToro are held in segregated bank accounts for security. eToro is regulated by FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 so can be considered legit.

Is eToro a good broker?

eToro allows Social trading, Stocks trading, Commodities trading, Indices trading, Forex (Currencies) trading, CFDs trading, Cryptocurrency trading, Exchange Traded Funds (ETF) trading, and Index Based Funds trading. eToro is overseen by the top tier financial regulators FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 so can be considered a good broker.

Is eToro trustworthy broker?

eToro is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to eToro, money is in a segregated bank account that is separate from eToro company's funds. As a regulated broker, eToro cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by eToro. Instead, your eToro funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with eToro. Also eToro is regulated in its local jurisdictions including major financial regulators like FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076.

What is the minimum deposit for eToro?

The minimum deposit to trade with eToro is 50.

How long do eToro withdrawals take?

Withdrawing money from eToro processing time varies depending on the method but averages 1-5 days.

Is eToro regulated?

eToro is regulated by the FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076. Regulatory bodies conduct regular reviews and audits as part of eToro maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is eToro a market maker?

eToro is a market maker. Stocks, currency and other commodities and instruments will be brought or sold by eToro even if no buyer or seller is lined up.

How can I start trading with eToro?

When opening a trading account with eToro, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on eToro trading platforms, you can follow the link provided below: Learn more about signing up with the eToro trading platform here. This will provide useful information and insights into the various trading platforms offered by eToro, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with eToro?

Yes your money is safe with eToro.

Overall, strict financial regulation is essential for ensuring that trading platforms like eToro operate fairly, transparently, and responsibly, which ultimately benefits all eToro stakeholders involved.

Trading platforms like eToro must have strict financial regulation for several reasons:

  • Protecting eToro Investors: Strict financial regulation ensures that investors who use the eToro trading platform are protected against fraudulent or unethical behavior by the eToro platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the eToro platform.
  • Maintaining eToro Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the eToro trading platform. Regulatory procedures reduce the likelihood of the eToro platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing eToro Transparency: Regulations require trading platforms like eToro to maintain detailed records and disclose eToro client information. Financial regulatory requirements enhances transparency and helps to build trust between the eToro platform and its investors.

eToro is regulated by the FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076. When selecting a broker such as eToro, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, eToro ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like eToro.

Is eToro a con?

eToro is regulated and well established, having been in business for over 16 years. eToro is not a con.

Can you make money with eToro?

Although traders have had great success with eToro, trading on the financial markets with eToro is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. 76% of retail investor accounts lose money when trading CFDs with this provider.

Does eToro have fees?

eToro eToro charges a $5 withdrawal fee. Non-USD withdrawals are subject to currency conversion fees. eToro does charge a fee for inactive accounts. eToro doesn't charge deposit fees.

When was eToro founded?

eToro was founded in 2007.

How many people use eToro?

eToro is used by over 30,000,000 registered eToro users.

What is eToro Headquarters country?

eToro has its head quarters office in Cyprus, UK .

Does eToro offer negative balance protection?

eToro offers negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.

Does eToro offer guaranteed stop loss?

eToro does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does eToro allow scalping?

eToro does not offer scalping.

Does eToro allow hedging?

eToro does not offer hedging.

Does eToro offer CFD trading?

eToro offers CFD trading.

Does eToro offer STP?

eToro offers STP trading.

How many people use eToro?

eToro is used by over 30000000 eToro users and traders.

Is eToro an ECN broker?

eToro does not offer ECN trading.

Does eToro offer a demo account?

eToro offers a demo account.

Does eToro offer an Islamic account?

eToro offers an Islamic account.

What are the funding methods for eToro?

Please note that funding methods and options available with eToro can be found in the eToro Members area and depend on the eToro clientโ€™s country of residence. Please check your specific available payment methods on the eToro website. eToro accept the following funding methods : Credit cards, VISA, MasterCard, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, Giropay, Electronic wallets (eWallets).

eToro review written by Andrew Blumer and Mark Hansen

We hope you found our review of the eToro brokerage firm useful.

This article was written by our financial editors, Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

eToro review written by Mark Hansen of Comparebrokers.co