eToro Review

Social, multi-asset investors

CySEC FCA ASIC FSAS FSRA

Founded 2007 · Israel

Why investors choose this broker

No account opening fee
No management fee
No inactivity fee
Commission-free ETF trading

Review summary

eToro is a multi-asset platform with stocks, ETFs, crypto, CFDs, CopyTrader, Smart Portfolios and a free $100,000 demo account.

Pros

No account opening fee
No management fee
No inactivity fee
Commission-free ETF trading
Free $100,000 demo account
CopyTrader replicates other investors
No extra fees for CopyTrader
No conversion fees on same-currency local accounts

Cons

USD account withdrawals cost $5
Stock commission of $1-$2 per trade
Crypto starts at 1.00% for Bronze, Silver and Gold
Crypto transfers to wallet cost 2%
Selling crypto in the wallet costs 0.6% - 1%
Some non-leveraged stock positions execute as CFDs
Some non-leveraged ETF positions execute as CFDs
Crypto not covered by ICF or FSCS

Company background

eToro is a multi-asset trading and investing platform. It has been active in fintech since 2007 and offers stocks, ETFs, fractional shares, crypto, CFDs, futures, options, stock margin, recurring investments, CopyTrader, Smart Portfolios, an ISA, local currency accounts and a demo account. The platform combines self-directed investing with social trading features, including the ability to replicate the investment moves of other traders in real time through CopyTrader.

Fees and pricing

eToro lists account opening and management fees as Free. Inactivity is also Free. eToro does not charge deposit fees, though users depositing and trading in a currency different from their account currency may incur conversion fees. Withdrawals from local currency accounts to an external account have no fee, while withdrawals from a USD investment account to external accounts cost $5. The minimum withdrawal amount is $30 from a USD account, with no minimum from local currency accounts.

A stock commission fee of $1 or $2 may apply when opening and closing a stock position, depending on residence and the exchange. ETF trades are commission-free and also list eToro spread fee, overnight fee and custody fee as Free. Crypto trading uses a tiered structure: Bronze, Silver and Gold members pay 1.00% per crypto position, while higher Club tiers may pay reduced rates. Crypto transfers to the eToro Money crypto wallet cost 2%, and selling crypto in the wallet costs 0.6% - 1%.

Regulation and safety

eToro operates through entities authorised or licensed by CySEC, FCA, ASIC, FSAS and FSRA. Client funds are kept in top-tier banks or placed in qualifying money market funds. Crypto trading services are not governed by the same European investment-services framework and do not provide access to ICF or FSCS protections.

Platform experience

The eToro Platform is available on web and mobile, with app downloads through the App Store and Google Play. Features include a free $100,000 demo account, dark mode, 24/5 trading on 100+ US stocks, analyst ratings, recurring investment, fractional shares, ProCharts powered by TradingView, stop loss and take profit orders, Tori and trade syncing across web and mobile. The eToro Money crypto wallet supports crypto transfers and crypto selling.

Pros and cons

eToro's main advantages are its free demo account, commission-free ETF trading, social investing tools and absence of account opening, management and inactivity fees. The main drawbacks are product-specific costs, including a $5 USD withdrawal fee, stock commissions, crypto trading fees, a 2% crypto transfer fee and CFD execution for some stock, ETF and crypto positions.

Ready to open an account at eToro?

Open an account directly with the broker. Confirm current fees and account eligibility on the broker's website before depositing.

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Your capital is at risk. Other fees apply.

Trading fees & commissions

Account opening, management and inactivity fees are Free. Stock trades may carry a $1 or $2 commission, ETF trades are commission-free, and crypto trading starts at 1.00% for Bronze, Silver and Gold members.

Fees

Item	Fee
Cfds	0.15% for CFDs on stocks & ETFs; 1% for CFDs on crypto; eToro spread fee varies for CFDs on Forex, Commodities, and Indices
Crypto	Bronze, Silver, and Gold members are subject to a flat 1% fee per position on crypto trades
Margin	0.15% of trade value when opening and closing a stock position
Account	Account opening fee: Free; Management fees: Free
Custody	Free
Deposit	eToro does not charge deposit fees
Futures	Micro futures eToro fee: 0.75; Spot-Quoted Futures: $1.22 per contract
Inactivity	Free
Withdrawal	Free or $5; withdrawals from a USD investment account to external accounts cost $5
Crypto Wallet	Open/close eToro Money crypto wallet: Free; Send/receive transaction fees: Free; Selling crypto: 0.6% - 1%
Fx Conversion	Conversion fees may vary depending on location, payment method, and Club level
Cryptoasset Transfer	2%
Stamp Duty Reserve Tax	0.5%

Trading platform & features

Platforms

eToro Platform
Web app
iOS app
Android app
eToro Money crypto wallet
TradingView

Regulation and investor protection

eToro operates through entities authorised or licensed by CySEC, FCA, ASIC, FSAS and FSRA. Client funds are kept in top-tier banks or placed in qualifying money market funds, while crypto trading services do not provide ICF or FSCS protections.

Broker FAQs

Is eToro safe?

eToro operates through entities authorised or licensed by CySEC, FCA, ASIC, FSAS and FSRA. Client funds are kept in top-tier banks or placed in qualifying money market funds.

Is eToro a scam?

No. eToro operates through entities regulated or licensed by CySEC, FCA, ASIC, FSAS and FSRA.

Is eToro regulated and by whom?

Yes. eToro entities are authorised or licensed by CySEC, FCA, ASIC, FSAS and FSRA.

Does eToro keep client funds in segregated accounts?

eToro says client funds are kept in top-tier banks or placed in qualifying money market funds.

What happens to my money if eToro goes bankrupt?

Crypto trading services do not provide access to ICF or FSCS protections. For client funds, eToro says funds are kept in top-tier banks or placed in qualifying money market funds.

What products does eToro offer?

eToro offers stocks, ETFs, fractional shares, crypto, CFDs, futures, options, stock margin, recurring investments, CopyTrader, Smart Portfolios, an ISA, local currency accounts and a demo account.

Does eToro offer ETFs?

Yes. eToro offers ETFs and lists ETF trades as commission-free.

Does eToro offer crypto?

Yes. eToro offers crypto trading and crypto wallet services through the eToro Money crypto wallet.

Does eToro offer options?

Yes. eToro lists eToro Options as a product.

Can I buy fractional shares on eToro?

Yes. eToro lists fractional shares as a platform feature and says users can invest in top assets with less capital.

What does eToro charge for stock trades?

A commission fee of $1 or $2 may apply when opening and closing a stock position. The amount depends on residence and the exchange on which the asset is traded.

What does eToro charge for ETF trades?

eToro charges zero commission for ETF trades. The ETF fee section also lists commission, eToro spread fee, overnight fee and custody fee as Free.

What does eToro charge for crypto?

Bronze, Silver and Gold members pay a flat 1.00% fee per crypto position. Platinum, Platinum+ and Diamond members may receive lower rates depending on monthly crypto trading volume.

Is there a withdrawal fee at eToro?

Withdrawals from local currency accounts to an external account have no fee. Withdrawals from a USD investment account to external accounts cost $5.

Does eToro charge an inactivity fee?

No. eToro lists its inactivity fee as Free.

What is eToro's currency conversion fee?

Conversion fees may vary depending on location, payment method and Club level. Conversion may be required when trading, transferring, depositing or withdrawing in a currency different from the account currency.

Does eToro have a demo account?

Yes. Each registered user receives a free $100,000 demo account.

Does eToro have a mobile app?

Yes. eToro provides app downloads through the App Store and Google Play.

Is eToro good for beginners?

eToro provides a free $100,000 demo account, eToro Academy, fractional shares, recurring investments and CopyTrader. These tools can help users practise, learn and automate parts of their investing process.

Is eToro good for long-term investing?

eToro offers stocks, ETFs, fractional shares, recurring investments and Smart Portfolios. It also offers higher-risk products such as CFDs and crypto.

Bottom line

eToro suits users who want a broad platform with social investing tools, a free demo account, ETFs, stocks, crypto and CFDs. It may not suit users who want to avoid stock commissions, crypto transfer fees, USD withdrawal fees or CFD execution on some positions.

eToro

Social, multi-asset investors

Open Account

Your capital is at risk. Other fees apply.