eToro Review

4.2

 4.2/5

CFDs are leveraged products. Trading in CFDs related to foreign exchange, commodities,indices and other underlying variables, carries a high level of risk and can result in the loss of all of your investment. As such, CFDs may not be suitable for all investors. You should not invest money that you cannot afford to lose.

eToro.com

Highlights

Established History: Founded in 2007, eToro has over a decade of experience and has become a popular choice for social and copy trading with over 30 million users worldwide.
Global Presence and Regulation: eToro operates in multiple regions and holds licenses from respected regulatory bodies, including ASIC (Australia), CySEC (Cyprus), FCA (UK), and MiFID (Europe), ensuring a high standard of security and compliance.
Diverse Trading Instruments: eToro offers a wide array of tradable assets, including stocks, ETFs, commodities, currencies, and cryptocurrencies, allowing traders to diversify their portfolios.
Social and Copy Trading: As a pioneer in social trading, eToro allows users to follow and copy the trades of successful investors, making it an ideal platform for beginners and those looking to learn from experienced traders.
User-Friendly Platforms: eToro provides a seamless trading experience through its proprietary web-based platform and mobile app, designed for both novice and experienced traders.
Innovative Features: The platform offers unique tools such as Smart Portfolios and advanced charts, providing traders with diverse options for managing and analyzing their investments.
Comprehensive Educational Resources: The eToro Academy offers a variety of learning materials, including video tutorials, webinars, and articles, catering to traders of all skill levels.
Secure Trading Environment: With segregated client funds, advanced encryption, and strong fraud prevention measures, eToro ensures a safe trading experience.

About

History: eToro was established in 2007 with the goal of making financial markets more accessible to the general public. Over the years, it has evolved from a simple trading platform to a comprehensive social trading network where users can trade, invest, and engage with other investors.
Domicile: eToro is headquartered in London, United Kingdom, with additional offices across various financial hubs including Australia, Cyprus, and Israel.
Ownership: eToro is a privately held company and has undergone several funding rounds with investments from prominent venture capital firms. This backing has allowed the company to innovate continuously and expand its global reach.

Rating

4.2

 4.2/5

Review By

Brendan Walsh

Seasoned macro trader, managed billions from the Credit Crunch to COVID-19 and everything in between. Traded most assets you’ve heard of and a few you haven’t, and still alive to tell the tale. A student of history, markets, and psychology and a lover of risk and weirdness.

Overview

eToro is a multi-asset platform known for its social trading features, allowing traders to copy the trades of experienced investors. The platform offers a wide variety of assets such as stocks, ETFs, cryptocurrencies, commodities, and forex. It also provides advanced tools for analysis, thematic portfolios, and an easy-to-use interface, making it suitable for both beginner and experienced traders. eToro’s regulatory compliance, focus on community-driven trading, and commitment to transparency make it a reputable choice in the online trading landscape.

Category	Details
Tradeable Assets	Stocks, ETFs, Commodities, Currencies, Cryptocurrencies
Min Deposit	$100
Forex Majors Spread	Starting from 1 pips (e.g., EUR/USD)
Regulators	FCA, CySEC, ASIC, MiFID
Trading Platforms	eToro WebTrader, eToro Mobile App
Funding Methods	Bank transfer, Credit/Debit Card, PayPal, Skrill, Neteller
Currency Pairs	Over 40 pairs including majors, minors, and exotics
Available Leverage	Up to 1:30 for retail clients (in regulated markets)
Broker Type	Market Maker
Founded	2007
Country	Headquartered in the UK with additional offices in Cyprus, Australia, and Israel
Free Demo Account	Yes
Clients Accepted	Global, except for restricted countries
Pricing System	Variable spreads; commission-free trading on some assets
Inactivity Fee	Yes

Introduction

Pros:

User-Friendly Platform: Intuitive interface suitable for both beginners and experienced traders.
Social Trading Features: Allows users to copy trades of successful traders through CopyTrader and CopyPortfolios.
Wide Range of Assets: Offers stocks, ETFs, commodities, cryptocurrencies, and currencies.
Regulated Broker: Holds licenses from top-tier regulators such as FCA, ASIC, and CySEC, ensuring a high level of safety.
No Commission on Stocks and ETFs: Commission-free trading on stocks and ETFs for many regions.
Comprehensive Educational Resources: eToro Academy offers extensive tutorials, webinars, and market insights.
Multiple Payment Options: Supports a wide range of deposit and withdrawal methods including PayPal, credit/debit cards, and e-wallets.
Strong Community Focus: Over 30 million users globally, creating a vibrant social trading community.

Cons:

High Spreads: Spreads on forex and CFDs are generally higher compared to other brokers.
Inactivity Fee: $10 per month after 12 months of inactivity, which can add up for dormant accounts.
Limited Advanced Trading Tools: Does not offer as many advanced trading tools or platforms as some competitors like MetaTrader.
Withdrawal Fees: A withdrawal fee of $5 applies for each withdrawal.
Not Available in Some Countries: Restricted in countries like the USA, Japan, and Canada due to regulatory constraints.

History of eToro.com

Founded in 2007 by brothers Yoni and Ronen Assia along with David Ring, eToro was established with the vision of making financial trading accessible to anyone, anywhere. The company started as a graphic-intensive forex platform and quickly evolved into a social trading network, allowing users to trade multiple asset classes, including stocks, commodities, and cryptocurrencies.

Over the years, eToro has continuously innovated its offerings, introducing the revolutionary CopyTrader™ system in 2010, which allows users to automatically replicate the trades of top-performing investors. In 2015, eToro launched CopyPortfolios™, which are thematic portfolios managed by eToro’s investment committee, further enhancing its value proposition for both new and experienced traders.

eToro has expanded globally, obtaining licenses from top-tier regulatory bodies like the FCA (UK), ASIC (Australia), and CySEC (Cyprus), which has helped cement its reputation as a trustworthy broker. In recent years, the platform has grown to over 30 million users worldwide, reflecting its popularity among traders seeking a social and user-friendly trading experience.

eToro’s history is marked by a commitment to providing an innovative, community-focused trading platform that empowers users with tools and insights to enhance their investment journey. This dedication to innovation and user engagement has positioned eToro as a leading broker in the online trading industry.

Where does eToro.com Operate

eToro operates globally, serving clients in more than 100 countries. The platform is widely recognized for its user-friendly interface and social trading features, making it accessible to traders of all experience levels. Here is a breakdown of eToro’s key operational regions:

Europe: eToro is highly popular across Europe, particularly in the UK, Germany, France, Italy, and Spain. It operates under the regulatory oversight of the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC) for the European Economic Area (EEA). These regulatory licenses enable eToro to offer its full suite of trading services to European clients, including stocks, cryptocurrencies, and CFDs.
Asia-Pacific (APAC): eToro has a strong presence in the Asia-Pacific region, particularly in Australia, where it is regulated by the Australian Securities and Investments Commission (ASIC). The platform’s offering of cryptocurrency trading has been particularly well-received in Asia, where digital assets are increasingly popular. Other countries in this region where eToro is available include New Zealand, Singapore, and Malaysia.
Middle East & Africa (MEA): eToro provides services to traders in the Middle East and Africa, operating under regulatory bodies such as the Financial Sector Conduct Authority (FSCA) in South Africa. The platform’s social trading and diverse asset offerings appeal to traders in these markets, particularly those looking to diversify their portfolios with both traditional and modern asset classes.
Americas: eToro is available in the United States for cryptocurrency trading only. The platform operates as eToro USA LLC, registered with FinCEN as a Money Services Business (MSB). While stock and CFD trading are not currently available in the U.S., eToro’s cryptocurrency offering has attracted significant interest due to the platform’s innovative social trading features.
Restrictions: eToro does not operate in certain countries due to regulatory constraints. These include Canada, Japan, Turkey, Iran, and other regions with stringent financial regulations. Potential clients in these regions are unable to access eToro’s services.

eToro’s global footprint and regulatory compliance allow it to cater to a diverse audience of traders, from beginners to seasoned professionals. With localized services, multilingual support, and regional payment options, eToro continues to expand its reach while ensuring a secure and regulated trading environment.

Investment Offering

eToro provides a diverse range of investment opportunities, catering to different trading styles and preferences. With access to a broad spectrum of asset classes, including stocks, cryptocurrencies, forex, commodities, indices, and ETFs, eToro offers traders numerous options to build a diversified portfolio.

Stocks: eToro offers commission-free trading on a wide range of stocks from global exchanges, including the NYSE, NASDAQ, LSE, and more. Users can invest in popular companies such as Apple, Amazon, Google, and Tesla. Fractional shares are also available, allowing traders to buy a portion of a stock rather than a full share.
Cryptocurrencies: eToro provides a comprehensive selection of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and over 40 others. Traders can buy and sell digital currencies directly, benefiting from real-time market data and advanced trading features.
Forex: With a variety of currency pairs available, including major, minor, and exotic pairs, eToro caters to forex traders looking for both popular and less commonly traded pairs. eToro’s forex offerings include competitive spreads, one-click trading, and advanced charting tools.
Commodities: eToro allows traders to invest in a range of commodities, such as gold, silver, crude oil, and natural gas. These commodities can be traded as CFDs, providing flexibility for traders to go long or short based on market conditions.
Indices: For traders interested in broader market trends, eToro offers CFDs on major global indices, including the S&P 500, NASDAQ 100, FTSE 100, and DAX 30. This enables users to speculate on the overall performance of stock markets rather than individual stocks.
ETFs: eToro offers a range of ETFs (Exchange-Traded Funds) that provide diversified exposure to various sectors, themes, and asset classes. These ETFs are managed by professional fund managers, allowing investors to benefit from their expertise and research.
Smart Portfolios (CopyPortfolios): eToro’s innovative CopyPortfolios allow traders to invest in professionally managed portfolios that combine various assets based on specific strategies or themes. These portfolios are designed to minimize long-term risk and promote growth through diversified investment strategies.
Copy Trading: eToro’s social trading features allow users to copy the trades of successful traders automatically. By choosing a Popular Investor to copy, traders can diversify their strategies and potentially benefit from the experience of seasoned traders.

eToro’s wide range of tradable instruments and unique social trading features provide traders with multiple avenues to engage in the markets, whether they prefer active trading or a more hands-off approach through copy trading and Smart Portfolios. The platform’s user-friendly interface, combined with access to global markets, makes it a versatile choice for both novice and experienced traders.

Trading Platforms

eToro provides a range of trading platforms designed to cater to different types of traders, from beginners to advanced investors. The platform’s intuitive design, coupled with advanced trading tools, makes it accessible to all levels of traders. Here is an overview of eToro’s trading platforms and tools:

Proprietary Web Platform: eToro’s proprietary web-based trading platform is known for its user-friendly interface and robust functionality. It offers a seamless trading experience with advanced charting tools, technical indicators, and customizable watchlists. The platform is designed to support social trading, allowing users to interact with other traders, view their portfolios, and copy their trades.
Mobile Trading App: eToro’s mobile app, available for both Android and iOS devices, provides traders with the flexibility to trade on the go. The app features real-time data, advanced charting, push notifications, and social trading capabilities, making it a powerful tool for managing investments from anywhere.
Copy Trading: One of eToro’s standout features is its CopyTrader™ system, which allows users to automatically copy the trades of top-performing traders. Users can choose from a wide range of experienced investors, view their performance statistics, risk scores, and trading strategies, and allocate a portion of their funds to mirror their trades.
CopyPortfolios: eToro’s CopyPortfolios are thematic investment vehicles that bundle together several assets or top traders into a single portfolio. These portfolios are professionally managed, diversified, and rebalanced periodically to align with specific market themes or strategies, such as technology, cryptocurrencies, or dividend stocks.
Advanced Charting Tools: The platform offers a comprehensive set of advanced charting tools that cater to traders who rely heavily on technical analysis. Multiple chart types, drawing tools, indicators, and a range of timeframes help traders analyze market trends and identify potential trading opportunities.
One-Click Trading: eToro provides one-click trading functionality for faster trade execution. This feature allows traders to open positions quickly with predefined parameters, making it ideal for those who want to capitalize on fast-moving markets.
Research and Analysis: eToro offers a range of research tools and market insights to help traders make informed decisions. This includes daily market analysis, news feeds from top-tier sources, economic calendars, and sentiment data.
eToro Trading Academy: The platform provides a variety of educational resources through its eToro Trading Academy. This includes webinars, articles, video tutorials, and guides that cover a wide range of trading topics, from the basics to advanced strategies.
Virtual Portfolio (Demo Account): eToro offers a free $100,000 virtual portfolio that allows users to practice trading without risking real money. This is particularly useful for beginners who want to familiarize themselves with the platform and develop their trading strategies.

eToro’s range of trading platforms and tools makes it a comprehensive solution for traders who value social trading, advanced analysis, and accessibility. The integration of social features and innovative tools like CopyTrader™ and CopyPortfolios distinguishes eToro from more traditional brokers and creates a more engaging trading environment.

eToro.com Account Types

eToro provides a range of account types designed to cater to various trader preferences and experience levels. Each account type offers different features, tools, and conditions to meet the needs of diverse investors, from beginners to professional traders. The account opening process on eToro is straightforward and can be completed online in a few minutes.

Here’s a breakdown of the main account types and their benefits:

Account Feature	Standard Account	Islamic Account	Demo Account	Professional Account
Minimum Deposit	$100	$100	Not Applicable	$10,000
Spreads From	Variable from 0.75 pips	Variable from 0.75 pips	Virtual environment (no real spreads)	Variable from 0.1 pips
Commission	None	None	None	None
Instruments	All	All	All (simulated)	All
Base Currencies	USD	USD	USD (Virtual)	USD, EUR, GBP, AUD
Leverage	Up to 1:30 (Retail)	Up to 1:30 (Retail)	Up to 1:30 (Simulated)	Up to 1:400 (Professional)
Margin Call	100%	100%	Not Applicable	100%
Stop Out	50%	50%	Not Applicable	50%
Swap Free	No	Yes	Not Applicable	No
Minimum Volume	0.01 lots	0.01 lots	0.01 lots (simulated)	0.01 lots

Account Types Explained:

Standard Account: This is the most common type of account available to all traders. It requires a minimum deposit of $100 and offers variable spreads starting from 0.75 pips. This account type is suitable for both beginners and experienced traders, providing access to all instruments, including stocks, ETFs, cryptocurrencies, commodities, and indices. It comes with no commission on trades and allows for leverage up to 1:30, depending on the asset class.
Islamic Account: Designed for traders who follow Islamic financial laws, this account provides swap-free trading without any interest on overnight positions. It requires a minimum deposit of $100 and offers the same features as the Standard Account, including access to all instruments and variable spreads.
Demo Account: The demo account provides a virtual trading environment with $100,000 in virtual funds, allowing traders to practice and familiarize themselves with the platform’s features and tools without risking real money. This is a great option for beginners looking to test strategies or learn the platform before opening a live account.
Professional Account: For traders who qualify as professional clients, the Professional Account offers higher leverage up to 1:400, access to all instruments, and tighter spreads starting from 0.1 pips. However, it requires a significant trading history and capital to qualify, with a minimum deposit of $10,000. This account is designed for more experienced traders who seek higher exposure and more advanced trading conditions.

Additional Account Features:

Segregated Accounts: All client funds are held in segregated accounts with top-tier banks, providing an additional layer of security and protection.
Regulated Environment: eToro operates under strict regulatory oversight by several regulatory authorities, including FCA, CySEC, ASIC, and others.
Educational Resources: All account types provide access to eToro’s educational resources, including the Trading Academy, webinars, market analysis, and more.
24/5 Customer Support: eToro offers dedicated customer support via live chat, email, and phone for all account types, ensuring that traders can get help whenever needed.

eToro’s diverse range of account types and flexible trading conditions provide an accommodating environment for traders of all levels, from beginners to advanced professionals. The platform’s comprehensive support and robust security measures make it a preferred choice for many.

Accepted Countries

eToro provides its services to clients across numerous countries around the globe, offering a comprehensive trading experience tailored to local regulatory environments. However, due to varying financial regulations and licensing requirements, eToro does have some restrictions on where it can operate.

Regions and Countries Where eToro Operates:

Europe: eToro is widely available across most European countries. With strong regulatory oversight from CySEC (Cyprus Securities and Exchange Commission) and the FCA (Financial Conduct Authority) in the UK, eToro is compliant with the stringent standards required in the European Economic Area (EEA). Key markets include the UK, Germany, France, Italy, Spain, and other EU countries.
Asia: eToro serves a growing user base in countries like Singapore, Thailand, and Malaysia. However, it does not currently operate in jurisdictions such as Japan or China due to local financial regulations.
Australia and New Zealand: eToro is fully licensed under ASIC (Australian Securities and Investments Commission) and offers services to residents in Australia and New Zealand, adhering to the specific regulatory requirements in these regions.
Middle East and Africa: eToro is available in several countries across the Middle East and Africa, including the United Arab Emirates, Saudi Arabia, South Africa, and more, where it complies with local regulations to provide a secure trading environment.
Latin America: eToro has established a presence in Latin American countries such as Brazil, Mexico, Argentina, and Colombia, catering to an increasing demand for online trading and investment services.
North America: eToro operates in the United States, where it is regulated by the Financial Crimes Enforcement Network (FinCEN) as a Money Services Business (MSB). It focuses on cryptocurrency trading for U.S. clients due to regulatory constraints around CFDs and other financial instruments.

Countries Where eToro Does Not Operate:

eToro does not provide services in several countries due to regulatory restrictions or policy reasons. Notably, eToro does not operate in:

Canada: eToro is not available in Canada due to regulatory challenges and the need for specific licensing in Canadian provinces.
Japan: The strict financial regulations in Japan prevent eToro from offering its full range of services there.
Turkey: Due to stringent local laws regarding online trading and forex, eToro does not operate in Turkey.
India: Local regulatory frameworks around online trading and investment services limit eToro’s ability to provide its platform in India.
Russia and Belarus: Geopolitical factors and sanctions have influenced the decision to restrict services in these regions.
Other Restricted Regions: eToro does not operate in several other countries, including North Korea, Iran, Sudan, Syria, and several more, due to legal restrictions and geopolitical considerations.

Key Notes:

Regulatory Compliance: eToro’s operations in different regions are guided by the regulatory frameworks specific to those regions. This compliance ensures that eToro can offer secure and legitimate trading services where it is legally permitted to operate.
Localized Services: eToro tailors its platform features, including payment methods and language support, to fit the local needs and preferences of its diverse client base worldwide.

The geographical reach of eToro showcases its commitment to offering a global trading platform that adapts to various market requirements and regulations, ensuring a comprehensive and inclusive trading experience.

Copy Trading Features

eToro is widely recognized as a pioneer in the realm of social trading, particularly for its innovative CopyTrader system. This feature allows traders to mimic the trades of seasoned investors, enabling both beginners and experienced traders to leverage the strategies of more experienced investors. eToro’s CopyTrader is a central part of its platform and offers several advantages for those interested in social trading.

Key Features of eToro’s Copy Trading:

Minimum Investment: The minimum amount required to start copying another trader is $200. This accessible entry point allows new users to get started without committing a large sum of money.
Transparency and Performance Monitoring: eToro provides detailed statistics on each trader available for copying, including their historical performance, risk score, portfolio composition, and average holding time. This transparency helps users make informed decisions about which traders to copy.
Diverse Strategies: Users can choose from a variety of traders with different trading styles and asset focuses. Whether interested in forex, stocks, ETFs, or cryptocurrencies, there is likely a trader that matches a desired strategy.
No Management Fees: Unlike traditional managed funds, there are no management fees for using CopyTrader. Instead, traders pay only the spreads on trades.
Customization Options: Users have the flexibility to manage their copy trading portfolio by setting stop-loss limits or manually closing individual trades that they copied. This feature allows for a more hands-on approach even when copying another trader.
Popular Investor Program: Traders who are copied frequently can earn additional income through the Popular Investor Program. This incentivizes skilled traders to perform well and attract followers.
Smart Portfolios (formerly CopyPortfolios): eToro offers a range of Smart Portfolios that allow users to invest in a collection of assets or top-performing traders bundled together under a specific theme or strategy. These portfolios are managed by eToro’s investment team and provide diversification with a single investment.

Pros of eToro’s Copy Trading:

User-Friendly and Intuitive: The CopyTrader interface is highly intuitive, allowing users to find and copy traders easily. This ease of use is ideal for beginners who want to learn from more experienced traders.
Diverse Choices: The wide range of traders available for copying ensures diversity in trading styles and risk levels.
Enhanced Learning Experience: By observing the trading decisions and strategies of successful investors, users can learn and improve their own trading skills over time.

Cons of eToro’s Copy Trading:

High Risk with High Returns: Copying traders does not guarantee profits, and there is a risk of significant losses, especially when copying high-risk traders. Users should carefully review the risk scores and historical performance data before investing.
Limited Customization on Risk Management: While there are some risk management tools, users may find the options somewhat limited compared to managing their own trades directly.
Market Hours Dependency: Copy trading is subject to market hours, and users must be aware of potential delays in trade execution, which can affect the copied trade’s outcome.

eToro’s CopyTrader system is a standout feature that has made social trading accessible to a global audience. With its robust suite of features, user-friendly interface, and strong community focus, eToro remains a leader in the copy trading space. However, potential users should always assess the risks associated with copying other traders and consider using risk management tools provided by the platform.

Deposit & Withdrawals

eToro offers a range of convenient and secure deposit and withdrawal options to cater to traders’ needs. The platform supports various payment methods, ensuring that users from different regions can fund their accounts and withdraw profits with ease.

Deposit Methods:

Credit/Debit Cards: eToro accepts major credit and debit cards such as Visa, MasterCard, and Diners Club. Deposits made via credit/debit cards are processed instantly, allowing traders to start trading without delay.
Bank Transfers: Bank wire transfers are available as a deposit option. While this method is secure, it may take up to 4-7 business days for the funds to be credited to the trader’s account.
E-wallets: eToro supports several e-wallet options, including PayPal, Neteller, and Skrill. These methods offer instant deposit processing, making them popular among users who prefer speed and convenience.
Other Methods: Regional payment methods are also supported, such as Rapid Transfer, Klarna, and online banking options available in specific countries.

Withdrawal Methods:

Credit/Debit Cards: Withdrawals can be made back to the same credit or debit card used for the initial deposit. Processing times for card withdrawals are typically 3-8 business days.
Bank Transfers: Withdrawals via bank wire transfer are processed within 4-7 business days, depending on the bank and location.
E-wallets: Withdrawals to e-wallets like PayPal, Neteller, and Skrill are generally processed within 2 business days, offering one of the fastest ways to receive funds from the platform.
Fees and Processing Time: eToro charges a withdrawal fee of $5 per transaction. There is no fee for deposits, but currency conversion fees may apply if the deposit or withdrawal is made in a currency other than USD.

Additional Considerations:

Minimum Withdrawal Amount: eToro has a minimum withdrawal amount of $30.
Processing Times: While eToro strives to process withdrawals as quickly as possible, the actual time it takes for funds to reach the user’s account can depend on the payment method and the user’s bank.
Verification Requirements: To ensure security and regulatory compliance, eToro requires users to complete a verification process before making a withdrawal. This includes providing proof of identity and address.
Currency Conversion Fees: A currency conversion fee of 50 pips is charged for transactions in non-USD currencies. This fee can add up, particularly for users outside the United States or those who prefer to trade in other currencies.

Pros of eToro’s Deposit and Withdrawal Process:

Variety of Payment Options: Multiple payment methods, including e-wallets, provide flexibility for users from various regions.
User-Friendly Process: The deposit and withdrawal process is straightforward and integrated directly within the platform for ease of use.
Fast Processing with E-wallets: E-wallets provide the fastest withdrawal processing times, making them a preferred choice for many users.

Cons of eToro’s Deposit and Withdrawal Process:

Withdrawal Fee: The $5 withdrawal fee might be a deterrent for traders who make frequent withdrawals.
Variable Processing Times: Bank transfers and credit/debit card withdrawals may take several days, which could be inconvenient for users needing quick access to their funds.
Currency Conversion Charges: Fees for currency conversion can add additional costs, particularly for users whose base currency is not USD.

eToro.com Spread and Commissions

eToro offers a transparent and straightforward fee structure, with no hidden costs. However, while the broker promotes commission-free trading for certain assets, traders should be aware of the various spreads and fees that apply to different asset classes and trading conditions.

Spreads:

Forex Spreads: eToro charges a variable spread on forex trading that can fluctuate depending on market conditions. For example, the typical spread for EUR/USD is 1.0 pips, which is relatively competitive but may widen during periods of low liquidity or high volatility.
Stock and ETF Spreads: eToro offers zero-commission trading on stocks and ETFs for non-leveraged positions. However, leveraged positions are considered as CFDs and will incur a spread. The spread on stock trading starts from 0.09% per side for each trade.
Cryptocurrency Spreads: The spread for cryptocurrencies can vary significantly depending on the asset. For example, the spread for Bitcoin (BTC) is 0.75%, while it may be higher for less liquid cryptocurrencies like Ripple (XRP) or Dogecoin (DOGE).
Commodity Spreads: Spreads on commodities such as Gold, Silver, and Oil vary. For instance, the typical spread for Gold (XAU/USD) is around 45 pips, while for Oil (WTI), it is 5 pips.
Index Spreads: Trading on major indices like the S&P 500 or NASDAQ 100 comes with competitive spreads starting from 0.75 points.

Commissions:

Stock and ETF Trading: eToro offers commission-free trading on stocks and ETFs for non-leveraged positions. For leveraged positions, a spread is charged, and they are traded as CFDs.
CFD Trading: eToro charges a spread on all CFD trades (including leveraged stocks, commodities, and indices), which is the difference between the bid and ask price.
Overnight Fees: Also known as swap fees or rollover fees, these are charged for holding CFD positions overnight. The fees vary based on the asset and the leverage used. For example, the overnight fee for major forex pairs is typically $0.10 per 100,000 units.
Currency Conversion Fee: eToro charges a currency conversion fee of 50 pips when deposits or withdrawals are made in a currency other than USD. This is important for traders outside the United States to consider.
Inactivity Fee: eToro charges an inactivity fee of $10 per month after 12 months of no login activity. The fee is deducted from the remaining available balance and does not affect open positions.

eToro.com Fee’s and Costs

Additional Costs:

Guaranteed Stop Loss Orders (GSLOs): eToro does not offer guaranteed stop loss orders (GSLOs). However, users can set regular stop losses, which do not guarantee a price.
Withdrawal Fee: A withdrawal fee of $5 is charged for each withdrawal made from the platform.
Deposit Fees: There are no fees for deposits, but users should be aware of any potential currency conversion fees.

Pros of eToro’s Spreads and Fees:

Commission-Free Stock and ETF Trading: Non-leveraged stock and ETF trades are commission-free, which is ideal for long-term investors.
Transparent Fee Structure: eToro is transparent about its fees, and they are clearly displayed on the platform, reducing the risk of unexpected costs.
No Deposit Fees: Deposits on the platform are free, providing cost savings for frequent depositors.

Cons of eToro’s Spreads and Fees:

High Spreads for Some Assets: The spreads on certain assets like cryptocurrencies and some forex pairs may be higher compared to other brokers.
Inactivity Fee: The $10 monthly inactivity fee can add up, especially for traders who are not frequently active on the platform.
Currency Conversion Charges: Non-USD accounts are subject to a currency conversion fee, which could be a significant cost for users outside the US.

Unique Features

eToro distinguishes itself in the trading world through several innovative features that are designed to enhance the user experience and offer diverse trading opportunities. These unique features cater to a wide range of traders, from beginners to seasoned professionals.

1. Social Trading Platform:

eToro is best known for its pioneering social trading platform, which allows users to interact with other traders, share insights, and learn from each other’s strategies. This community-centric approach provides an engaging experience, especially for those new to trading.

2. CopyTrader™ System:

eToro’s CopyTrader™ is a standout feature that allows users to replicate the trades of top-performing investors in real-time. This feature is particularly beneficial for novice traders who want to benefit from the expertise of seasoned traders without having to conduct in-depth market analysis themselves. Users can allocate a portion of their funds to automatically copy the trades of selected traders, with full control to stop or pause at any time.

3. Smart Portfolios (Formerly CopyPortfolios™):

Smart Portfolios are managed portfolios that allow users to invest in a basket of assets, curated around a specific theme or strategy, without paying portfolio management fees. These portfolios are designed by eToro’s investment committee and use a data-driven approach to maximize returns while minimizing risk.

4. Popular Investor Program:

eToro offers an incentive-based Popular Investor Program where traders can earn additional income by allowing others to copy their trades. Traders are ranked based on performance, risk score, and other factors. This program creates an environment where successful traders are rewarded for their expertise and transparency.

5. Wide Range of Tradable Assets:

eToro offers over 6,000 financial instruments, including stocks, ETFs, forex, commodities, indices, and cryptocurrencies. This wide variety allows traders to diversify their portfolios across multiple asset classes and markets, all within a single platform.

6. User-Friendly Trading Platform:

eToro’s proprietary trading platform is known for its intuitive and user-friendly interface, catering to traders of all experience levels. The platform integrates social and copy trading features seamlessly, along with advanced charting tools and technical analysis capabilities.

7. Comprehensive Trading Academy:

eToro provides a robust educational platform called the eToro Academy, which includes a range of learning materials such as courses, videos, webinars, articles, and guides. These resources are designed to help traders of all levels improve their skills and stay updated on market trends.

8. Advanced Charting and Analysis Tools:

The platform includes advanced charting tools with over 70 technical indicators, drawing tools, and chart types to cater to professional traders. The tools allow users to perform in-depth technical analysis and develop sophisticated trading strategies.

9. Regulation and Security:

eToro is regulated by several top-tier financial authorities, including ASIC (Australia), CySEC (Cyprus), and FCA (UK), ensuring a high level of trust and safety for its users. The platform uses state-of-the-art security protocols, such as SSL encryption and two-factor authentication, to protect client data and funds.

10. Multiple Deposit and Withdrawal Options:

eToro supports a wide variety of deposit and withdrawal methods, including credit/debit cards, bank transfers, and e-wallets such as PayPal, Neteller, and Skrill. This flexibility caters to a global audience and provides convenience for users.

eToro.com Regulation and Security

eToro operates under a robust regulatory framework, ensuring a secure trading environment for its users. The broker is licensed by several reputable financial authorities across multiple jurisdictions, reinforcing its commitment to transparency, security, and fair trading practices.

FCA (Financial Conduct Authority, UK): eToro (UK) Ltd is regulated by the FCA, which is one of the most stringent financial regulatory bodies globally. This ensures that eToro adheres to high standards of client protection, including segregated client funds and investor compensation schemes.
CySEC (Cyprus Securities and Exchange Commission): eToro (Europe) Ltd operates under the regulation of CySEC, providing services to clients within the European Economic Area (EEA). This regulation allows eToro to offer CFDs, stocks, cryptocurrencies, and other assets across Europe, following the MiFID II directive.
ASIC (Australian Securities and Investments Commission): eToro AUS Capital Ltd is authorized and regulated by ASIC, offering a secure and regulated environment for Australian traders. This includes stringent measures for client fund safety and a comprehensive dispute resolution mechanism.
FSCA (Financial Sector Conduct Authority, South Africa): eToro operates under the FSCA in South Africa, allowing it to offer services to South African clients. The FSCA’s oversight ensures eToro’s adherence to local financial regulations and protection standards.
MiFID (Markets in Financial Instruments Directive, EU): As a financial services provider within the EEA, eToro complies with MiFID II, a European Union law that provides harmonized regulation for investment services across member states. This enhances transparency, increases market efficiency, and offers robust client protections.
Additional Measures:
- Segregated Client Funds: eToro maintains client funds in segregated accounts with reputable financial institutions, ensuring that client money is kept separate from the company’s operating funds.
- Negative Balance Protection: eToro provides negative balance protection to retail clients, ensuring that traders do not lose more than their initial investment.
- Advanced Security Measures: eToro employs two-factor authentication (2FA), SSL encryption, and continuous monitoring for suspicious activity to protect client accounts and data.
- Compensation Scheme: As part of its regulatory obligations under CySEC, eToro offers compensation through the Investor Compensation Fund (ICF), which provides additional protection to eligible investors.

eToro’s comprehensive regulatory oversight, combined with its advanced security measures and commitment to client fund protection, underscores its position as a reliable and trustworthy broker. These regulatory frameworks ensure that clients can trade with confidence, knowing their assets and data are protected.

Research and Education

eToro provides a comprehensive range of research and educational resources designed to support traders of all experience levels. The broker focuses on enhancing traders’ market knowledge and improving their decision-making skills through various tools and educational content.

Research:

Market Analysis and Insights:
- eToro’s in-house team of analysts provides regular market updates, economic insights, and trading ideas through its Market News section. This content covers multiple markets, including forex, stocks, cryptocurrencies, and commodities, and offers both technical and fundamental analysis. Traders can access this information directly from the platform, enabling them to make more informed decisions based on the latest market trends.
Daily Market Reports:
- eToro offers daily market reports that summarize the most significant market movements and highlight potential trading opportunities. These reports provide a quick overview of the day’s market sentiment and are particularly useful for traders who want to stay updated on key market developments without diving deep into detailed analysis.
Economic Calendar:
- eToro integrates an Economic Calendar within its platform, which provides a schedule of upcoming economic events, such as central bank meetings, economic data releases, and geopolitical developments that could impact market volatility. This tool helps traders plan their trades around significant events and manage their risks accordingly.
Technical Analysis Tools:
- eToro’s platform includes various technical analysis tools, such as Advanced Charts with multiple timeframes and drawing tools, technical indicators, and overlays. These tools allow traders to perform in-depth technical analysis and identify potential entry and exit points in the market. Additionally, traders can save their chart settings and preferences for future use.
CopyTrader and Popular Investor Performance Metrics:
- The CopyTrader feature enables users to replicate the trades of experienced investors. To facilitate this, eToro provides detailed performance metrics and risk scores of its Popular Investors, which help users evaluate their strategies and risk management practices before copying them. This transparency ensures that traders can make informed decisions when choosing whom to copy.

Education:

eToro Trading Academy:
- eToro’s Trading Academy offers a wide array of educational materials, including courses, video tutorials, webinars, and guides. These resources cover essential topics such as trading strategies, risk management, technical and fundamental analysis, and platform tutorials. The academy is designed to cater to both beginners looking to grasp the basics of trading and experienced traders seeking to refine their strategies.
Live Webinars and On-Demand Content:
- eToro hosts regular live webinars, led by industry experts and experienced traders, to provide insights into current market trends, trading strategies, and risk management techniques. Additionally, recorded webinars and other on-demand content are available for users to watch at their convenience.
Podcasts and Articles:
- To cater to traders who prefer auditory learning, eToro produces Podcasts featuring discussions on various market topics, trading psychology, and interviews with successful traders. There are also numerous Articles available that cover diverse subjects such as trading tips, market outlooks, and detailed asset analyses.
Interactive Learning Tools:
- eToro employs interactive tools, such as Quizzes and Knowledge Tests, to engage traders and help them assess their understanding of different trading concepts. These tools provide an interactive way to learn, reinforce knowledge, and track progress over time.
Demo Account:
- eToro provides a free $100,000 demo account for new users to practice trading without risking real money. This feature is crucial for beginners to familiarize themselves with the platform, develop trading strategies, and build confidence before transitioning to live trading.
Trading Glossary:
- A comprehensive Trading Glossary is available on eToro’s website, explaining essential trading terms and concepts. This glossary is especially useful for new traders who may be unfamiliar with specific jargon and need quick references while learning.

Customer Support

eToro offers a multi-channel customer support system designed to assist traders effectively during their trading journey. The broker provides support in several languages and through various channels to ensure comprehensive assistance to its global client base.

Support Channels:

Live Chat:
- eToro provides a Live Chat option accessible directly from the platform. This feature is available during standard trading hours (9 AM–6 PM EST) and allows users to get instant responses to their queries from a customer support representative. Live chat is particularly beneficial for resolving urgent issues, such as platform navigation or technical difficulties.
Email Support:
- For inquiries outside of standard trading hours or for more detailed assistance, eToro offers Email Support. Clients can reach the support team via email to resolve various issues, including account-related questions, verification processes, and transaction concerns. The response time is generally within 24 hours, ensuring timely support.
Help Center and FAQ:
- eToro’s Help Center provides an extensive library of articles and answers to frequently asked questions (FAQs) on a wide range of topics, including account management, deposit and withdrawal processes, trading platform features, and technical support. The FAQ section is designed to help users find quick solutions without the need for direct contact with support agents.
Ticket-Based Support System:
- For more complex issues that require in-depth assistance, eToro offers a Ticket-Based Support System. Clients can open a support ticket through the platform’s help center, where they can describe their issue in detail. The support team will then respond with a personalized solution, often within 48 hours.
Community Support and Social Channels:
- eToro has an active Community Support system where users can discuss and resolve common issues, share insights, and offer advice to each other. This peer-to-peer support is complemented by eToro’s presence on social media platforms like Facebook and Twitter, where clients can stay updated on the latest announcements and reach out for help.

Support Services:

Technical Assistance:
- The customer support team at eToro provides comprehensive Technical Assistance to help users navigate the platform, resolve login issues, and troubleshoot technical glitches. This is particularly useful for traders who encounter problems with the platform’s features or need help configuring their trading environment.
Account Management:
- eToro’s support team assists with various Account Management tasks, such as setting up new accounts, verifying documents, handling deposits and withdrawals, and changing account settings. This service ensures a smooth and hassle-free experience for clients, especially those new to the platform.
Trading Support:
- For trading-specific queries, eToro’s support team provides Trading Support, which includes guidance on using different trading tools, understanding trading fees, managing leverage, and placing or modifying orders. This support is particularly valuable for beginners who need assistance navigating the platform’s various trading features.
Multilingual Support:
- To cater to its diverse global clientele, eToro offers Multilingual Support in several languages, including English, Spanish, German, French, Italian, and more. This makes it easier for non-English speaking users to access customer support in their preferred language.

Evaluation:

eToro’s customer support services are robust, offering a variety of channels and resources to address the needs of traders worldwide. The availability of live chat and email support, along with a comprehensive help center and a ticket-based system, provides clients with multiple avenues to resolve issues efficiently. However, expanding live chat availability beyond standard trading hours could further enhance user experience by providing real-time support at any time

The Bottom Line

eToro stands out as a unique broker in the trading industry, offering a blend of social trading, diverse asset offerings, and a user-friendly platform. Its innovative features, such as CopyTrader and Smart Portfolios, make it an excellent choice for both beginners and seasoned traders looking to diversify their investment strategies and learn from others in the trading community.

Pros:

Social Trading and Copy Trading: eToro’s platform enables users to engage in social trading and copy successful traders’ portfolios through the CopyTrader feature. This is particularly beneficial for novice traders who want to follow experienced investors’ strategies.
User-Friendly Interface: The platform is well-designed with an intuitive interface, making it easy for traders of all experience levels to navigate and execute trades effectively.
Wide Range of Tradable Assets: With over 6,000 instruments, including stocks, ETFs, cryptocurrencies, commodities, and forex pairs, eToro offers diverse investment opportunities across global markets.
Comprehensive Educational Resources: eToro’s Trading Academy provides traders with access to an array of educational materials, including webinars, eBooks, courses, and video tutorials, aiding in knowledge enhancement and strategic development.
Advanced Trading Tools: eToro provides advanced charting tools, technical indicators, and other analytical features suitable for professional traders seeking a more in-depth analysis of the markets.

Cons:

Higher Spreads Compared to Competitors: While eToro offers commission-free trading on certain assets, its spreads are generally higher than those of other brokers, which may affect cost-efficiency for frequent traders.
Inactivity Fees: eToro charges a monthly inactivity fee of $10 after 12 months of inactivity, which may not be ideal for long-term investors who don’t trade frequently.
Limited Advanced Order Types: While eToro provides a range of order types, it does not offer advanced options like OCO (One-Cancels-the-Other) orders, which some professional traders may find limiting.

Overall Evaluation:

eToro’s combination of a user-friendly platform, a wide range of tradable instruments, and innovative social trading features makes it a compelling choice for traders interested in a dynamic and collaborative trading experience. The broker’s regulatory compliance and focus on educational content add to its appeal, especially for new traders looking to learn and grow within a supportive community.

However, the higher spreads and certain fees might be a consideration for cost-sensitive traders. Those who prioritize low-cost trading and advanced order functionalities may want to explore additional broker options. Nevertheless, eToro remains an excellent choice for those who value social trading, ease of use, and a comprehensive range of investment options.

Others

eToro, a leading social trading platform, combines a user-friendly interface with a diverse range of assets, including stocks, ETFs, cryptocurrencies, and commodities. With innovative features like CopyTrading, advanced tools, and a strong regulatory framework, eToro provides a comprehensive trading experience for investors of all levels. Explore eToro and take your trading to the next level.