76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

eToro Review

29 reviews
  • Deposit
  • Withdrawal

eToro general information

Founded in: 2007 year
Offices in the country:
Australia, United Kingdom, Cyprus, USA
Minimum Deposit: 50 $
Website: www.etoro.com
Website languages:
English, Arab, Spanish, Italian, Chinese, Deutsch, Polish, Russian, French
Execution model:
Deposit currency:
Support languages:
English, Arab, Spanish, Italian, Chinese, Deutsch, Russian
Regulated by:
ASIC (Australia) license №AFSL 335692
CySEC (Cyprus) license № 109/10
CNMV (Spain)
Mobile trading: iOS, Android
Types of offered accounts:
Unlimited Demo Accounts, Standard Accounts, VIP accounts
Autotrading: Etoro
Affiliate program: 1

eToro Forex broker description


  • eToro has a simple and intuitive interface that makes it easy for new traders to start trading.

  • The availability of Social trading features allows users to imitate the trades of other successful traders on the platform.

  • eToro offers a wide range of assets for trading, including cryptocurrencies, stocks, commodities, and more.

  • Also, its mobile trading app allows users to manage their portfolios and trade on the go.


  • eToro's fees can be higher than other trading platforms, particularly for certain asset classes.

  • eToro does not support the popular MetaTrader platform, which some traders may find inconvenient.

  • The platform's customer support can be slow to respond and may not always be able to resolve issues quickly.

  • Although eToro is available in the US, some trading restrictions on its services may limit access for some traders.

Unique Selling Points

1. eToro Club: This is a program designed to show appreciation. This program's membership is divided into five tiers, each with its own set of premium perks and exclusive features. The higher the tier, the more offers are available to you, including personalized assistance, lower fees and other discounts, crypto staking rewards, exclusive access to live webinars and hand-picked partner platforms, and access to leading digital financial publications.

2. Partner Smart Portfolios: Smart Portfolios are innovative, long-term investment portfolios that offer convenient access to various markets. Partner Portfolios are created in collaboration with some of the world's most innovative investment start-ups, money managers, and data research companies and then offered to millions of eToro users around the globe.

3. Social investing: With eToro's CopyTrader, you can copy trades automatically based on the moves of other traders. It's as easy as choosing an investor you want to copy, and begin mirroring their positions automatically. The minimum amount to copy a user is $200, and users can copy up to 100 traders simultaneously. Although the service is available only for crypto, eToro plans to add copy trading for stocks and ETFs.

Established in 2007, eToro has consistently provided an easy-to-use platform for traders, earning a reputation as a reliable and trustworthy service. Three entrepreneurs founded the company in Israel; eToro quickly expanded its product lineup to become a global service offering much more than forex trading. 

With an innovative approach, eToro introduced the social trading experience in 2010 with its OpenBook platform. This feature enabled users to learn from and copy other seasoned traders. And that was just the beginning. eToro continued to expand its services to include stock trading, automated portfolios, and cash management features.

One of the company's standout features is the social investing feature, CopyTrader. This dynamic feature lets users quickly find investors to copy trades based on investor star ratings, and performance metrics. With a minimum investment of just $200, traders can copy up to 100 investors simultaneously. It's a great way to learn from the experts and potentially earn profits.

In this eToro review, we will examine all there is to know about the broker platform.

Supported Countries

eToro is available globally and in most countries, so you can trade from almost anywhere globally and over 140 countries.

These countries include Algeria, Antigua and Barbuda, the United Kingdom and Virgin Islands, Romania, Slovakia, Denmark, Bulgaria, Finland, Hungary, Germany, France, Italy, Spain, Netherlands, Czech Republic, Nigeria, Austria, Ireland, Portugal, Poland, Sweden, Greece, Slovenia, Luxembourg, Croatia, Lithuania, Malta, Cyprus, Latvia, or Estonia, and others.

The eToro platform also provides some of its services to the residents of the United States of America. However, eToro is not available for trading in certain countries due to regulatory restrictions. If you're a resident of Canada, Japan, Brazil, Turkey, North Korea, Iran, Cuba, Albania, Serbia, Sudan, or Syria, unfortunately, you won't be able to access the eToro trading platform.

Customer Service Rating

According to TrustPilot, eToro has over 19,000 reviews and an excellent score of 4.4 out of 5 stars. That's an impressive feat and speaks to the platform's reliability and overall satisfaction of its users.

Many of the positive reviews mention the platform's stability and ease of use. This is great news for those new to trading and who might be intimidated by more complex platforms. Another standout feature that users love is the copy trading option. This feature allows users to follow and copy the trades of experienced investors, making it an incredibly useful tool for those still learning the ropes.

However, there are some negative remarks as well. Some users have mentioned difficulty connecting with customer service, which can be frustrating.

ETORO Trading Platforms

The eToro Broker platform gives clients access to two trading platforms. You can choose between the proprietary web platform or the mobile application. Both are user-friendly and intuitive.

  • Web Platform: One of the standout features of eToro is its web trading platform, which offers a clean design and great functions. The menus and buttons are where you expect them to be, making them easy to navigate and use, even if you're a beginner. You can also leverage its social trading feature, which allows users to engage with other platform members through the Popular Investor Program. Popular Investor Program members are compensated based on the number of copiers they have, which can be a great way to earn extra income. Another great feature of eToro is the CopyTrader tool, which lets you quickly search for and copy the crypto trades of popular investors. This feature makes it easy to learn from experienced traders and can be a great way to improve your trading skills.

  • Mobile App: With the mobile trading app, you can access all the platform's features from the palm of your hand. This user-friendly app allows you to do anything you would on the eToro site, from managing your portfolio to tracking markets and imitating other traders. You can trade on the go from a variety of devices and locations around the world as long as you have access to an internet connection. The social news feed is another interactive element of the eToro experience, with the site functioning much like a distinct social media feed. eToro's mobile app is available on both Android and iOS smartphones.

Type of Trading Accounts on ETORO

eToro offers two different trading accounts designed to meet the specific needs of their clients: retail and professional trading accounts. Both accounts provide a range of benefits to meet the varying needs of traders. 

  • Retail Account: This is perfect for both novice and experienced traders. With this Account, clients have access to a wide variety of trading assets, including shares, stocks, cryptocurrencies, indices, and commodities. Clients are also provided with negative balance protection, ensuring they will never lose more than their account balance. This Account also offers the option to manually trade or copy other successful traders.

  • Professional Account: This is designed for experienced traders willing to take on larger risks. To qualify for this Account, clients must meet certain criteria and apply for it on the eToro online platform. The professional Account offers several benefits, including the ability to use high-leverage trading with no restrictions and negative balance protection. Professional account holders can also withdraw funds from their accounts without incurring any charges.

Trading Denominations on ETORO 

eToro comes with a variety of currency options. You can either trade in US dollars, British pounds, euros, or Australian dollars.

Company Structure

eToro is not your typical investment platform. Instead of simply offering a place to trade stocks, the platform has built a community where users can connect, share ideas, and learn from each other. In 2015, eToro took things further by integrating its online trading capabilities with social trading features to create an all-in-one easy-to-use interface.

eToro was also one of the first platforms to pioneer Bitcoin trading in 2013. And in 2017, the platform expanded its digital asset offering, allowing users to trade and invest in cryptocurrencies like ether, XRP, and litecoin.

All of this innovation has not gone unnoticed. EToro has won several awards over the years for its groundbreaking platform. It was named Best of Show at Finovate Europe 2012, won a World Finance Award for Most Innovative Trading Platform in 2010, and the Red Herring 100 Award in 2012.

ETORO Licenses and Regulatory Compliance

eToro is a company that is regulated and licensed by multiple jurisdictions. This allows the platform to serve a global audience and ensures it adheres to the highest financial standards.

  • eToro (Europe) Ltd. is authorized and regulated by the Cyprus Securities Exchange Commission (CySEC) under license # 109/10.

  • eToro (UK) Ltd. is authorized and regulated by the Financial Conduct Authority (FCA) under the license FRN 583263.

  • For traders in Australia, eToro AUS Capital Limited is authorized by the Australian Securities and Investments Commission (ASIC) under Australian Financial Services License 491139.

  • eToro (Seychelles) Ltd. is licensed by the Financial Services Authority Seychelles ("FSAS") under the Securities Act 2007 License #SD076.

  • EToro is a registered Money Services Business (MSB) with the Financial Crimes Enforcement Network (FinCEN) in the United States.

  • eToro USA Securities Inc. is a broker-dealer registered with the US Securities and Exchange Commission (SEC) and a Financial Industry Regulatory Authority (FINRA/CRD) member.

  • In Gibraltar, eToroX is authorized and regulated by the Gibraltar Financial Services Commission (GFSC).

With these licenses and regulations, you can rest assured that eToro operates with transparency and accountability.

ETORO Customer Protection

It's essential to know that when you use eToro's Cryptocurrencies Trading Service, you won't benefit from the same protections available to clients receiving MiFID-regulated investment services. These protections include access to the Cyprus Investor Compensation Fund (ICF)/the Financial Services Compensation Scheme (FSCS) and the Financial Ombudsman Service for dispute resolution or the protections available under Seychelles regulatory framework (as applicable).

However, eToro is a regulated company that complies with regulatory standards. So, for equity assets like stocks and ETFs, eToro is a member of the Securities Investor Protection Corporation (SIPC), which provides insurance coverage of up to $500,000 per customer, including up to $250,000 for cash claims.

Additionally, eToro's clearing partner, Apex, has added supplemental insurance, providing additional protection for eToro customers. This insurance covers up to $37.5 million in securities and $900,000 in cash per individual, giving you even more peace of mind. eToro provides a digital wallet known as the eToro wallet. This wallet allows you to safely store and transfer your cryptocurrency to your digital wallet.

Customer Service

eToro offers multiple options for users who may need assistance. One of the first resources available is the help center, which contains many frequently asked questions. If you need more personalized help, eToro offers traditional customer support options such as phone (for Australian users, 1-800 778 439) and chat functionality through the help center. You can also do so if you prefer to submit a support ticket online.

Trading Information

When using eToro to trade cryptocurrencies, you will be charged a flat 1% spread on all buys and sales of cryptocurrency. Additionally, there is a variable spread on every trade. If you decide to keep your CFD position open overnight, there is a small fee relative to the value of your position. It's important to note that an inactivity fee of $10 per month exists.

Tradable Instruments

The eToro Broker platform offers access to multiple tradable assets, including:

  • Stocks

  • ETFs

  • Cryptocurrencies

  • Indices

  • Currencies

  • Commodities

ETORO Leverage

eToro offers different levels of leverage depending on the type of Account you have. Retail accounts, available to most traders, have a maximum leverage of 1:30. Its Professional accounts, available to experienced traders who meet certain requirements, have a much higher leverage of up to 1:400.

Deposits and Withdrawals



Transaction Time

MAX Single Deposit

eToro Money




Credit/Debit Cards
























Klarna / Sofort Banking






4-7 days


Online Banking – Trustly (EU region)








Przelewy 24





When depositing funds on eToro, the amount you must deposit for the first time depends on your region and country's regulations. The range can vary from $10 to $10,000. For all subsequent deposits after the initial one, you'll need to deposit a minimum of $50 regardless of location.

One of the biggest advantages of eToro is the plethora of deposit and withdrawal options available to you. You can pick from a credit card, bank transfer, or an online payment platform. It's worth noting that unverified accounts are limited to a total deposit of $2,250. So, if you plan on depositing more than that, you must verify your Account first.

Additionally, eToro does not support some payment methods in specific countries. Therefore, it's best to verify which payment gateway is available for you to use before making any deposits.


After requesting a withdrawal, eToro will send you an email to confirm the status of your withdrawal request within two business days. However, it's important to note that processing the withdrawal may vary depending on the payment method used and can take up to 10 business days.

If eToro cannot return your funds via your original deposit method, they will ask for an alternative payment method. It's also worth noting that withdrawal requests are subject to a processing fee, which you can see in the Cashier segment after entering the withdrawal amount. Additionally, conversion fees may apply if you choose to withdraw in a currency other than USD.

To keep track of your withdrawal status, you can easily check the history tab in your eToro account dashboard.

ETORO Trading Education and Training

If you're a sophisticated investor, you might find that eToro's tools and calculators are limited compared to what you're used to. While the platform may not offer as much functionality as other trading platforms, it has some great features that can help you get started with your investments.

One of the best things about eToro is the eToro Club offering. As you level up, this program provides access to more research features and news options. And as you progress through the levels, you'll gain access to a wealth of resources to help you make better investment decisions.

For beginners, the eToro Club offers a variety of resources, including guides, podcasts, webinars, and videos. These resources cover everything you need to know about trading, stocks, crypto, and investing on eToro.


Is ETORO Safe?

Most cryptocurrencies are stored in cold storage, which means they are not connected to the internet. However, some are kept in hot wallets for liquidity purposes. eToro takes several measures to ensure the safety of cryptocurrency assets stored on its platform.

In addition, eToro also has user-level protections, such as 2FA and account encryption. Several authorities, including FINRA, FinCEN, and FCA, regulate the platform. eToro also provides an external crypto wallet called eToro Money for users who want to move their cryptocurrency off the platform.

How do I open an ETORO trading account?

Opening an eToro trading account is a straightforward process. Here's a step-by-step guide on how to open an eToro trading account:

  • Visit the eToro website at www.etoro.com and click on the "Sign up" button in the page's top right-hand corner.

  • You will then be asked to fill in your details, such as your name, email address, and password. You can also sign up using your Facebook or Google Account.

  • Next, you must verify your email address by clicking the verification link sent to your email inbox.

  • Once your email is verified, you will be prompted to complete your profile by filling in additional personal information such as your date of birth, address, and phone number.

  • You must also complete a short questionnaire about your trading experience and goals. This helps eToro customize the platform to fit your needs and level of expertise.

  • Finally, you must verify your identity by uploading a copy of your government-issued ID, such as a passport or driver's license. This is a necessary step to comply with anti-money laundering regulations.

  • Once your Account is approved and verified, you can deposit funds and start trading on the platform.

It's important to note that eToro may require additional information or documentation depending on your country of residence and other factors.

Is eToro good for Beginners?

eToro is a great platform for beginners in investing and trading. eToro's user-friendly interface makes it easy to navigate, and its social trading features allow new investors to follow and learn from more experienced traders. The platform's minimum deposit is also low, making it accessible for those just starting. 

Additionally, eToro offers a demo account, which allows users to practice trading with virtual money before risking real funds. Overall, eToro is a great choice for beginners looking to dip their toes into investing and trading.


eToro is a versatile and innovative trading platform that caters to a wide range of traders, from beginners to experienced ones. With the ability to trade both forex and stocks, cryptocurrencies, and commodities, eToro has become a popular choice for many traders worldwide.

In this eToro review, we have highlighted the platform's standout features, including its user-friendly interface, copy trading feature, and innovative social trading tools that enable users to learn from other successful traders.

Furthermore, our eToro broker review has shown that the platform is regulated by multiple authorities worldwide, ensuring that clients' funds are kept safe and secure. With eToro's comprehensive help center and customer support options, traders can access support whenever needed.

Trading accounts of eToro

  • Standart
Trading platforms: eToro Trader
Minimum Deposit : 50 $
Deposit currency :
USD - US Dollar
EUR - Euro
JPY - Japanese Yen
GBP - British Pound
AUD - Australian Dollar
CAD - Canadian Dollar
CNY - Chinese Yuan Renminbi
RUB - Russian Ruble
Trading instruments:
Amount of assets : 1000
  • Indices
  • Products
  • Gold
  • Silver
Energy sources1:30
  • Oil
  • Gas
Stop Out:
20 %
Max. number of orders:
Execution type:
Market Execution
Swap Free:
VIP Account:
Spread type:
Decimal places:
4 characters
Margin Call:
20 %
Locked Margin level:
20 %
Phone trading:

Contacts of eToro

Кипр , LimassolOmirou Avenue, 7
show on the map

Recent customer reviews of eToro

Jeff morgan 22 June 2023

Advantages: lowest fees

Disadvantages: the support team takes too long to reply.

Comment: Overall not bad, but have some things to fix in order to become excellent.

Brian Anderson 03 January 2023

Advantages: Great for social trading Licensed by FCA Unlimited demo account

Disadvantages: None

Comment: This broker is definitely the best one if you want to use social trading as your strategy, and I don't regret choosing it. I started with a demo account there, and I can say that if you want to give trading a try in a pressure-free environment, it's a great option for you. It actually provides better trading conditions than most competitors. Also, I've never had any problems with the withdrawal, and that'snot something that every broker can provide.

Jackson Males 04 October 2022

Advantages: Optimal conditions for novice traders who get access to tested Expert Advisors The full package of services is available to the client regardless of his account balance Insurance of the client's funds due to the broker's participation in the investor compensation fund

Disadvantages: No

Comment: Over the past few months, I have started using bonuses to top up my account. At first, somehow I did not believe in the bonus system and refused bonuses, I thought that it would only confuse everything. Then I decided to try it anyway and, you know, I liked it. Now I'm trying to work out lots so that the bonus can be withdrawn later. This both stimulates and motivates - I began to devote more time to trading and it seems to me that the results only got better from this. You can take a bonus for each deposit. It turns out that the depot increases by one and a half times. True, the shoulder is now only up to 1:200, but I haven't taken a bigger shoulder before - it's risky to work with a shoulder of 1:1000. I thought at first that I would withdraw more often, but now I've changed my mind, it's still worth leaving a profit - the purpose of the depot is to increase.


Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.