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eToro review

Rated 4.4 / 5 · Best for Beginners and copy-traders; multi-asset traders who want stocks + crypto + FX in one regulated EU account.

Regulators
CySEC, FCA, ASIC, FSRA, MFSA
Min. deposit
$50
Spread from
1.0 pip (variable)
Max. leverage
Up to 1:30 (EU retail) / 1:400 (offshore)
Platforms
eToro WebTrader, eToro Mobile
Founded
2007 · Tel Aviv / Limassol / London

Pros

  • Largest social/copy-trading network in retail FX/CFDs (30M+ users)
  • Multi-asset: forex, CFDs, real stocks, ETFs, crypto from one account
  • Tier-1 regulation: CySEC, FCA, ASIC, MFSA, FSRA Abu Dhabi
  • Proprietary WebTrader is genuinely beginner-friendly
  • Fractional shares + zero commission on real US stocks

Cons

  • Spreads on FX (1.0+ pip) are wider than ECN brokers
  • $5 withdrawal fee on all withdrawals
  • No MT4 / MT5 — proprietary platform only
  • Inactivity fee after 12 months ($10/month)

eToro review summary

eToro is the pioneer of social trading and arguably the most recognised retail brokerage brand in the EU and MENA. Founded in 2007 in Tel Aviv with European HQ in Limassol, it serves over 30 million users across 100+ countries and is licensed by CySEC, FCA, ASIC, MFSA, and FSRA (Abu Dhabi).

Its standout feature is the CopyTrader network — users can automatically mirror the trades of “Popular Investors” with one click. This is unmatched in the industry by sheer scale.

eToro is not the cheapest broker on FX or CFDs (spreads start at 1.0 pip on EUR/USD vs 0.0–0.3 on ECN competitors), but it offers something most ECN brokers don’t: a single regulated account that holds real US stocks, ETFs, crypto, and CFDs together. For investors who want to mix long-term holdings with short-term speculation, this is a huge convenience.

Account & fees

  • Min deposit: $50 (first deposit), $10 thereafter
  • Spreads (typical): EUR/USD 1.0 pip, GBP/USD 2.0 pips, gold 45 cents, BTC 1.0%
  • Stock commissions: 0% on real US stocks
  • Withdrawal fee: $5 flat per withdrawal
  • Inactivity fee: $10/month after 12 months dormant

Regulation

  • eToro (Europe) Ltd — CySEC 109/10 (EU clients)
  • eToro UK Ltd — FCA 583263
  • eToro AUS Capital Pty Ltd — ASIC 491139
  • eToro USA LLC — FinCEN MSB (crypto only)
  • eToro (Seychelles) Ltd — FSA SD076 (international)

Bottom line

eToro scores 4.4/5. Best for traders who value social-trading + multi-asset breadth over the tightest spreads. Active scalpers should look at Exness or IC Markets instead.

eToro — Frequently Asked Questions

Is eToro regulated and safe?

eToro is regulated by CySEC, FCA, ASIC, FSRA, MFSA. Client funds are held in segregated accounts at tier-1 banks and the broker operates under active financial-services licenses. Verify each license number on the regulator's official website before opening an account.

What is the minimum deposit at eToro?

The minimum deposit at eToro is $50. Most account types accept this minimum; premium tiers may require higher deposits — see the account-types table above.

What are the typical spreads at eToro?

Spreads at eToro start from 1.0 pip (variable). Actual spreads vary by account type, instrument, time of day, and market volatility. Raw/ECN accounts add a per-lot commission on top of the tighter spread.

What trading platforms does eToro offer?

eToro supports: eToro WebTrader, eToro Mobile. MT4 / MT5 are the industry standards; cTrader is preferred for ECN execution; proprietary platforms offer broker-specific tools but less third-party compatibility.

What is the maximum leverage at eToro?

Maximum leverage at eToro: Up to 1:30 (EU retail) / 1:400 (offshore). EU retail clients are capped at 1:30 by ESMA rules regardless of broker policy. Professional clients and offshore-entity clients can access higher leverage subject to qualification.

Who is eToro best suited for?

Beginners and copy-traders; multi-asset traders who want stocks + crypto + FX in one regulated EU account.