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Risk Warning: 51% 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.

4.1
/ 5

eToro EU review

Updated on Sep 6, 2024
|
19 mins read
Start trading
Risk Warning

Overview

Tired of hearing about stock market gains when your portfolio doesn’t seem to catch up? You don’t have to get a PhD in finance to make money, as...
See full overview for eToro EU
Countries
+21
Devices
Minimum deposit
$50
Withdrawal fee
5$
Deposit fee
0$ (Conversion fees apply)
Max insured
€20,000
Our Verdict
4.1
/ 5
Commissions & Fees
4
/ 5
Deposit & Withdrawal
4.3
/ 5
Customer Support
3.9
/ 5
Account Opening
4.4
/ 5
Regulation & Safety
4.1
/ 5

Our 5-step process of verification and evaluation – How do we obtain information?

 

General inspection – 30%

Trading experience – 30%

Technical audit – 20%

Collective experience from collaborations with the broker – 10%

Interviews with real traders – 10%

 

See the entire process here.

Pros

  • User-Friendly Trading Experience

  • Innovative Social Trading Features

  • Regulated and Secure Platform

  • Practice Accounts

  • Diverse Range of Tradable Assets

Cons

  • Limited Advanced Trading Tools and Customization

  • Presence of Non-Trading Fees

  • Limited Research and Educational Resources

  • Mixed Reviews on Customer Support

General details

Type of accounts
Unlimited Demo Accounts
Standard Accounts
VIP accounts
Execution Model
NDD
STP
Deposit currency
USD
EUR
GBP
JPY
AUD
CNY
RUB
CAD
Regulatory complience
CySEC
ASIC
FINRA
FCA
Deposit payment systems
Withdrawal payment systems
Support Languges
English
Spanish
Italian
Chinese
Arabic
German
Russian
Autotrading
CopyTrader™
Contact details
[email protected] 1-888-271-8365

Customer reviews

Read real reviews from traders all over the world:

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Accounts

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.

Tradable instruments

The eToro trading platform offers over 5,000 tradable instruments across various categories, including stocks, cryptocurrencies, ETFs, commodities, indices, and CFDs. This extensive selection allows investors to diversify their portfolios and choose from a wide range of asset classes to suit their investment strategies.

Commodities
30
Currencies
50
Cryptocurrencies
70
ETF
300
Indices
15
Stocks
3000

Frequently asked questions

Find the right answer to your question below.

Is eToro a legitimate and safe platform?

eToro is definitely a legit and safe platform, as it’s regulated by several reputable regulatory bodies that ensure compliance with strict standards. Institutions like the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC) oversee its operations in various regions. Additionally, in Europe, eToro is regulated under the European Securities and Markets Authority (ESMA), and in the U.S., it adheres to regulations by the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC). This multi-layered regulation guarantees that eToro provides a secure trading environment for its users worldwide.

Can I trade cryptocurrencies on eToro?

Yes, eToro allows users to trade cryptocurrencies. However, it offers only a few options, limiting the choices available to those solely interested in crypto trading. So, if copy trading is your main goal, you should explore other options.

Does eToro offer a demo account?

The minimum deposit required to open an eToro account varies by country. In many countries, this amount is equal to $50. In other countries, like Israel, the amount is equal to $10,000. This minimum amount applies to personal accounts only, as corporate accounts are charged differently.

How can I contact eToro's customer support?

eToro’s customer support representatives are available via live chat, phone, and email. However, the availability and response will vary based on your location and the nature of your inquiry. We recommend that you check the FAQs section as you might find relevant answers to your queries without having to wait.

eToro EU compared with alternative brokers

To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page.

  • Overall verdict
  • Trading
  • Minimum deposit
  • Maximum leverage
  • Fees
  • Withdrawal fee
  • Deposit fee
  • Safety
  • Top-tier regulators
  • Investor protection
eToro EU
  • Specialized trading accounts
Start trading
Risk Warning
  • 4.1
    / 5
  • 4.3
    / 5
  • $50
  • 1:30
  • 4
    / 5
  • 5$
  • 0$ (Conversion fees apply)
  • 4.1
    / 5
  • FINRA, ASIC, CYSEC, FCA
  • Yes
  • See review
FxPro
  • 24/7 instant money withdrawal
  • Specialized trading accounts
  • Free VPS hosting
  • High leverage
  • 4.8
    / 5
  • 4.9
    / 5
  • $100
  • 1:10000
  • 4.7
    / 5
  • $0
  • $0
  • 4.8
    / 5
  • FCA
  • Yes
  • See review
FP Markets
  • Free VPS hosting
  • Specialized trading accounts
  • 3.8
    / 5
  • 3.6
    / 5
  • $50
  • 1:500
  • 3.5
    / 5
  • $0
  • $0
  • 4.8
    / 5
  • ASIC, CYSEC
  • Yes
  • See review
  • 3.7
    / 5
  • 3.8
    / 5
  • $100
  • 1:400
  • 3.2
    / 5
  • $0
  • $0
  • 4.2
    / 5
  • ASIC, CBI
  • Yes
  • See review
XM
  • Specialized trading accounts
  • Free VPS hosting
  • 24/7 instant money withdrawal
  • 4.5
    / 5
  • 4.6
    / 5
  • $5
  • 1:888
  • 4.3
    / 5
  • $0
  • $0
  • 4.7
    / 5
  • ASIC, FSC, CYSEC
  • Yes
  • See review
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