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eToro Broker Overview

Explore eToro, a leading social trading platform offering stocks, cryptocurrencies, and more. Join over 30 million users and benefit from innovative features like CopyTrader™.

Updated: 2 April 2025
Overall rating
4.7 of 5
Minimum deposit
10
Tradable instruments
Cryptocurrencies, Stocks, ETFs, Smart Portfolios
Regulation
CySEC, FCA, ASIC, FSRA, FSA
Overview Users reviews
Marina Panasenko
Edited by
Marina Panasenko
Table of Content

Company Information

eToro is known worldwide for its unique form of social trading. They boast more than 30 million accounts worldwide. eToro abides by strict, strong regulatory frameworks to ensure safety and transparency when dealing with investors. The uniqueness of its platform is underscored to be user-friendly. Some of the features include the CopyTrader™ and Smart Portfolio.

Advantages:

  • A great selection of cryptoassets are available with over 80 to choose from
  • You can buy the underlying crypto asset
  • Fractional trading is available that makes it very accessible
  • The eToro Wallet is a great proprietary storage solution.

Disadvantages:

  • The eToro crypto spread can be high particularly on more volatile assets
  • Less cryptos are available here than you will find on a traditional exchange

Security

The eToro has a structured authorization:

  • Financial Conduct Authority (FCA) in the UK.
  • Cyprus Securities and Exchange Commission (CySEC).
  • Australian Securities and Investments Commission (ASIC).

Users' funds sit in tier-1 banks, and the broker employs SSL encryption to protect all user data. Negative balance protection ensures users cannot lose more than the balance they have in their account.

Tradable Place

eToro enables trading involving more than 3,000 instruments including:

  • Stocks - Trade in fractional shares from some of the most worldwide established companies.
  • Exchange Traded Funds - Trade through diversified exchange-traded funds.
  • Forex - Major, minor, few exotic pairs
  • Cryptocurrencies - Bitcoin, Ethereum, Dogecoin, among others.
  • Commodities - Trade gold, oil, or agricultural products.
  • Indices: S&P 500, NASDAQ, and FTSE 100 are the most popular ones whereby users can invest.

Account Types

Charges and Fees

Easy to remember charges at eToro are:

  • No trading fees or commission charges apply to stock exchanges, with 1 pip forex spreads.
  • The withdrawal fee stands at $5; it is in the form of an inactivity fee of $10 after 12 months if no activity has been detected.

Trading Platforms

Available tools Cryptocurrencies, Stocks, ETFs, Smart Portfolios
Cryptocurrencies AAVE, BAT, BNB, BTC, BTCCash, ADA, LINK, DASH, Doge, EOS, ETH Classic, ETH, FIL, IOTA, LTC, XMR, NEO, DOT, SOL
CFD Stocks: 3121 ETFs: 317 Commodities: 27 Forex: 49 Indices: 18

They provide their own in-home platform in web and mobile versions. Main features include:

  • CopyTrader™ - Follow and replicate the trades of successful investors
  • Smart Portfolios - Trades diversified portfolios designed and managed by eToro-Qi
  • Analytics Tools - Basic charting and technical analysis for informed trading

Customer Support

eToro offers multilingual services via:

  • Help Center - Complete assistance in FAQs and guides
  • Live Chat - Exclusive to eToro Club members
  • Support Tickets: Email-based support is dealt with quick response

Support hours vary accordingly with financial market hours.

Open Account

With eToro, it is also very easy to open up an account:

  • You can register using an email or a social login.
  • Next, fill out the KYC process annotating with your ID and proof of address.
  • The available payment channels are advertised to provide for depositing funds.

Deposits and Withdrawals

Several deposit and withdrawal methods supported on eToro include:

  • Payment Methods: Credit/Debit cards, PayPal, Skrill, Neteller, and bank transfer
  • Processing times are generally instant for deposits, while for withdrawals, it takes 1-3 business days.
  • Fees: Withdrawal fee is pegged at $5 while very little to no fees are charged upon deposits.

FAQ

Is eToro regulated?

Yes, it is under the guidance and regulation of CySEC, FCA, and ASIC complying with international standards.

What are the trading platforms available?

eToro runs its proprietary web-oriented trading platforms and mobile trading platforms, both of which are equally attractive.

What is the minimum deposit to open an account?

Its minimum deposits vary from one place to another, but $50 covers a deposit in most countries.

What is the maximum leverage available?

They offer leverage up to 1:30 for retail traders as per the regulation of ESMA.

Users reviews

Christian Agbalekpor

I must say, this platform has proven to be exceptionally dependable. The quick trade execution has significantly enhanced my overall experience. 😊

9 February 2025 Read
Dimitris

When it comes to selecting a platform, nothing else quite compares!

8 February 2025 Read
Mohammed Usman Ali

I tend to favor brokers that operate without a dealing desk, which is why FxPro caught my attention. They offer a diverse range of platforms, such as MT, along with a variety of assets to trade. However, I must admit that my experience didn't quite leave me amazed.

8 February 2025 Read
Jonathan Mayer

Numerous misleading five-star reviews The business development manager's arrogance is overshadowed by the flood of fabricated reviews, which bury the genuine feedback. Claiming that he doesn't exist and labeling him a scammer only adds to the suspicion. Exercise caution with these deceptive individuals.

5 February 2025 Read
Elias Strehler

I've been using the FxPro platform to trade Gold for an extended period, and just recently, I began trading Silver as well. The trading conditions for both of these assets are advantageous, which has been beneficial for my profits.

4 February 2025 Read
Alan

I am thoroughly impressed with the customer support provided by this broker. They are available to assist me five days a week, around the clock.

3 February 2025 Read
Alan

The match between West Ham and Everton wasn't the most thrilling showcase of Premier League football, ending in a goalless draw. However, the real highlight for me was the opportunity to connect with our host, Harry, and several other eToro users. The pre-match meal was outstanding, complemented by a continuous supply of drinks. Conversations with Harry and the group were delightful, focusing more on personal experiences than on investments. Overall, it was a thoroughly enjoyable afternoon.

2 February 2025 Read
Jake

Everything was going smoothly until eToro unexpectedly restricted my account, leaving me unable to access my portfolio. A significant amount of my savings is now trapped in the account, funds that I worked hard to accumulate. I've provided all necessary documents, including bank and credit card statements, my license, phone bill, insurance papers, passport, and even a live video for verification. Unfortunately, customer service has been completely unresponsive, showing no concern for the issue I've raised. I no longer feel that my money is secure on this platform. It's been two weeks without any communication, and I've had to escalate the matter to the financial ombudsman.

2 February 2025 Read
Raul Caciora

I was shocked when I received a response suggesting I use a period for decimals on the app. In reality, you can't even input a period in the price field! When I reached out to customer support, they confirmed that it's not possible to do this on the app. It's baffling that a trading app in 2024 lacks such a basic feature. How can a trading platform not support decimal trading? It's hard to believe this is happening. After withdrawing my funds, I got two emails asking for feedback and offering a $50 reward if I responded within two weeks. However, the promised bonus never arrived. When I reached out to support for help, they closed my case without any response or explanation. I'm considering reaching out to European Consumer Protection for assistance.

1 February 2025 Read
Manos Gryparis

I've faced my share of setbacks in the trading world, but my passion for it never wavered. 😊 Thankfully, FxPro has been a fantastic ally throughout my journey. I've advanced to a managing trader, and now others can invest in my PAMM account for extra earnings. I'm truly grateful to be associated with such a supportive broker, especially during challenging periods. 🤝

31 January 2025 Read
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