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| Category | Details |
|---|---|
| Tradeable Assets | Stocks, ETFs, crypto, forex, commodities, indices, options (US), futures (UK and EU) |
| Min Deposit | $50 in most countries ($100 in the US) |
| Forex Majors Spread | Around 1 pip on EUR/USD |
| Regulators | FCA (UK), CySEC (Cyprus), ASIC (Australia), MAS (Singapore), FSA (Seychelles), FINRA member in the US |
| Trading Platforms | eToro web platform, eToro mobile app (no MetaTrader) |
| Funding Methods | Bank transfer, debit and credit cards, eToro Money, PayPal, Skrill, Neteller, Trustly and other local methods |
| Currency Pairs | 65+ currency pairs |
| Available Leverage | Up to 1:30 on major pairs for retail clients in the UK, EU and Australia; higher for professional clients |
| Broker Type | Market maker (CFDs); real asset ownership for non-leveraged stocks, ETFs and crypto |
| Founded | 2007 |
| Country | Israel, with regulated entities in the UK, Cyprus, Australia, Singapore, the Seychelles and the US |
| Free Demo Account | Yes |
| Clients Accepted | Over 75 countries. US clients can trade stocks, ETFs, options and crypto but not forex or CFDs. |
| Pricing System | Spreads on CFDs; $1 to $2 commission on stocks in most regions; ETFs commission-free; 1% on crypto |
| Inactivity Fee | No |
eToro started in 2007 as a way to make trading social, and it is still best known for CopyTrader, which lets you automatically copy other investors’ trades. Since then it has turned into a broad investing app: real stocks and ETFs, crypto, and CFDs on forex, commodities and indices, all in one account. eToro Group listed on Nasdaq in 2025 under the ticker ETOR.
This review looks at eToro mainly from a forex and active trader’s point of view, but also covers the investing side, since that is what most people use it for. Figures were checked in October 2026 against eToro’s own fee pages and recent independent reviews.
eToro was founded in Israel in 2007 and built social and copy trading into its platform in its early years, long before most brokers offered anything similar. It expanded across Europe through its Cyprus entity, added UK and Australian licenses, and moved from CFDs into real stock and crypto ownership.
In May 2025 eToro Group listed on the Nasdaq exchange, which means its financial results are now public. Recent additions include options trading for US clients, futures in the UK and EU, a revamped eToro Academy and a Smart Portfolio co-managed with Franklin Templeton.
eToro operates through several regulated companies, and the one you join depends on where you live:
US clients can trade stocks, ETFs, options and crypto, but not forex or CFDs.
eToro lists about 7,400 instruments, which is far more than a typical forex broker:
The mix is the point. eToro works best as one account for investing and occasional trading, rather than as a specialist forex platform.
eToro runs only its own platform, on the web and as a mobile app. There is no MetaTrader 4 or 5, no desktop download and no support for automated trading robots.
The platform is simple to use. Charts are powered by TradingView, with around 100 indicators, and the social feed sits alongside your portfolio. The trade-offs show up if you trade actively: stop loss and take profit orders can only be set once a position is open, order types are basic, and there is no depth of market. Forex traders who rely on Expert Advisors or custom indicators should look elsewhere.
There is one main account type, with a few variations:
eToro also has a Club loyalty scheme. Higher tiers, based on your balance, get lower crypto fees, reduced currency conversion costs and extra research.
eToro serves clients in more than 75 countries. The minimum first deposit is $50 in most of them, including the UK, EU and Australia, and $100 in the US. Some countries have higher minimums, from $200 up to $10,000 in Israel.
What you can trade depends on your country. US residents get stocks, ETFs, options and crypto but no forex or CFDs, and crypto ownership is restricted in some regions. Some countries are not supported at all, so check eligibility before you sign up.
This is where eToro stands out. CopyTrader lets you pick another investor and copy their trades automatically, in proportion to the amount you allocate. You can filter traders by risk score, returns, drawdown and holding period, and see their full history before you commit. There is no extra fee for copying.
Traders who build a following can join the Popular Investor program, which pays them based on assets copying them. Entry level requires at least $1,000 in equity and a risk score below 7. You can also invest in Smart Portfolios, which are themed baskets of stocks or traders that eToro rebalances for you.
Copying does not remove risk. A trader with a great year can have a terrible one, so spread your money across several people and set a copy stop loss.
Deposits are free in USD. If you fund in another currency, eToro charges a conversion fee that depends on your country, payment method and Club tier. Methods include bank transfer, debit and credit cards, eToro Money, PayPal, Skrill, Neteller, Trustly and local options such as iDEAL and Przelewy24.
Withdrawals from a USD account cost $5, with a $30 minimum. Withdrawals from GBP, EUR and other local currency accounts are free, which is a good reason to use one if it is available to you. Timing depends on the method: e-wallets are usually quickest and bank transfers slowest.
eToro’s pricing depends on what you trade:
For investors buying ETFs and holding them, eToro is cheap. For active forex traders, the spreads add up quickly compared with raw-spread brokers.
Read the fee page for your country before you deposit. The headline prices are low, but conversion costs can quietly make eToro more expensive than it looks.
eToro is among the most closely watched brokers in the industry. Its main entities are regulated by the FCA in the UK, CySEC in Cyprus and ASIC in Australia, and as a Nasdaq-listed company it publishes audited results. ForexBrokers.com gives it a Trust Score of 97 out of 99.
Crypto held on eToro is not covered by these investor protection schemes, and eToro does not hold a banking license.
eToro’s research is built around its community. You get news, analyst ratings and earnings data on stock pages, a market sentiment view and the social feed, plus TradingView-powered charts. Deeper research tools are reserved for higher Club tiers.
The eToro Academy was rebuilt into structured beginner, intermediate and advanced courses, with videos, articles and webinars. It is a decent starting point for new investors, though it is lighter on forex-specific material than dedicated forex brokers.
Support is mainly through the online help center and a ticket system, with live chat available from the app. Independent reviewers regularly describe it as slow and hard to reach compared with brokers that offer direct phone lines. Higher Club tiers get a dedicated account manager, which makes a real difference if you need help regularly.
eToro is a strong choice if you want copy trading, a simple app and one account for stocks, ETFs and crypto. The commission-free ETFs, low minimum deposit and Nasdaq listing all count in its favor.
It is not the right broker for serious forex trading. Spreads are wider than specialists, there is no MetaTrader or automated trading, and currency conversion fees can make it expensive if your bank account is not in US dollars.
Prefer a forex broker with MetaTrader? Read our AvaTrade vs eToro comparison.
eToro is a Nasdaq-listed investing app best known for CopyTrader, its copy trading feature. It is a good fit if you want real stocks, commission-free ETFs and crypto in one place with a $50 minimum deposit. Forex traders will find the spreads wide and the platform limited, with no MetaTrader support.
Affiliate disclosure: AlphaInvestors may earn a commission if you open an account through links on this page, at no extra cost to you. Read our affiliate disclosure.
