Overall Rating
4.3
out of 5.0
Score Breakdown
Who Is This Broker For?
Best for: Beginners and social traders who want to copy experienced investors; also suitable for stock investors.
Pros & Cons
Pros
- CopyTrader feature lets you automatically copy successful traders
- Large social community with trader stats and sentiment data
- Zero-commission stock trading (non-leveraged)
- User-friendly interface for beginners
- Wide asset coverage: stocks, crypto, commodities, forex, indices
- Strong regulatory oversight across multiple jurisdictions
Cons
- Wider spreads on forex compared to specialist brokers
- $5 withdrawal fee on every withdrawal
- CFDs and leveraged products carry high risk
- Inactivity fee ($10/month after 12 months of no login)
- Limited charting tools compared to MT4/MT5 platforms
Fees & Costs
Spreads
Variable; wider than specialists on FX (1.0+ pips on EUR/USD typical)
Commission
$0 on stocks (non-leveraged); spreads on CFDs and crypto
Overnight/Swap
Market-based financing on leveraged positions; check per instrument
Deposit Fee
$0 for most methods; some payment processors may charge
Withdrawal Fee
$5 flat fee per withdrawal
Trading Platforms
Web Mobile eToro App
Safety & Regulation
Regulated by:
FCA (UK) CySEC (Cyprus) ASIC (Australia) FinCEN (USA - limited services)
Available in: Global (140+ countries); not available in USA for CFDs
Availability
Countries: Global (140+ countries); not available in USA for CFDs
Languages: 20+ languages including en, es, fr, de, it, pt, ru, ar
Payment Methods
- Credit/Debit Card$0 from eToro • Instant
- PayPal$0 from eToro • Instant
- Bank Transfer$0 from eToro; bank fees may apply • 3-7 business days
- Skrill$0 from eToro • Instant
- Neteller$0 from eToro • Instant
- Trustly$0 from eToro • Instant-24h
Frequently Asked Questions
Is eToro good for beginners?
Yes, especially for copy trading and stock investing. The social features and simple interface make it accessible, but always start small and understand the risks.
How does eToro CopyTrader work?
You can allocate funds to automatically replicate the trades of experienced investors. Your account mirrors their positions proportionally.
What is the minimum deposit on eToro?
Typically $50-$100 depending on your country. Check the deposit page for your specific region.
Does eToro charge withdrawal fees?
Yes, $5 per withdrawal regardless of amount. Plan withdrawals to minimize fees.
Can I trade real stocks on eToro?
Yes, eToro offers real stock trading (you own the underlying asset) when you open non-leveraged BUY positions. Leveraged and SELL positions are CFDs.
Is eToro regulated and safe?
Yes, eToro entities are regulated by FCA, CySEC, ASIC, and FinCEN. Client funds are segregated and eligible for investor compensation schemes in applicable jurisdictions.
Sources & Citations
- https://www.etoro.com/
- https://www.fca.org.uk/
- https://www.cysec.gov.cy/