eToro Review 2025

Trust

How Is eToro Regulated?

In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation.

This is what I discovered about the six entities operating under the eToro trade name:

• eToro (UK) Ltd is licensed and regulated by the Financial Conduct Authority (FCA) of the UK under license number 583263. We rate FCA as a Tier-1 regulator.
• eToro (Europe) Ltd is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 109/10. We rate CySEC as a Tier-1 regulator.
• Etoro AUS Capital Limited is licensed and regulated by the Australian Securities and Investments Commission (ASIC) under license number 491139. We rate ASIC as a Tier-1 regulator.
• Etoro USA Securities Inc. is licensed and regulated by the Financial Industry Regulatory Authority (FINRA) in the United States under license number 298361/SEC#:8-70212. We rank FINRA as a Tier-1 regulator.
• Etoro (ME) Limited is licensed and regulated by the Abu Dhabi Global Market (ADGM) under license number 220073. We rate the ADGM as a Tier-2 regulator.
• eToro (Seychelles) Ltd is licensed and regulated by the Financial Services Authority (FSA) of the Seychelles under license number SD076. We rate FSA as a Tier-3 regulator.

How eToro Protects You?

Brokers operate multiple entities globally, but regulatory protections vary. Some regulators enforce stricter financial standards than others, so traders should understand the safety measures of the entity with which they choose to open an account.

Here is what you need to be looking for in a broker in terms of safety mechanisms:

• Segregation of Client Funds: Keeping client funds in segregated bank accounts from the ones used for the broker’s corporate capital negates the risk of accounting errors.
  eToro keeps client funds separately from its own.
• Negative Balance Protection: This safety mechanism removes the risk of trading losses exceeding the account balance. In other words, the losses you incur from trading are capped at the amount you have put in your trading account. All eToro entities guarantee negative balance protection, except for Etoro USA Securities Inc.
• Compensation Scheme: A compensation scheme protects traders against the broker’s liabilities if the company becomes insolvent.
  Clients of eToro (UK) Ltd are protected by up to GBP 85,000 under the Financial Services Compensation Scheme. Clients of eToro (Europe) Ltd are protected by up to EUR 20,000 under the Investor Compensation Fund (ICF). Clients of Etoro USA Securities Inc. are protected by up to USD 500,000 under the Securities Investor Protection Corporation (SIPC).
• Maximum Leverage: Capping the maximum leverage restricts the extent of market exposure to retail traders. The higher the leverage, the higher the potential profits and potential losses.
  The global eToro (Seychelles) Ltd entity provides the highest retail leverage 1:400.

Stability and Transparency

In our Trust category assessments, we evaluate factors tied to stability and transparency, including the broker’s longevity, company size, and information transparency.

eToro was founded in 2007 and has established itself as a reputable broker. According to its LinkedIn page, the company employs several thousand people worldwide, which also attests to its longevity and stability.

I pored over eToro’s legal documents, including its Client Agreement and order execution policy documentation, and found that everything was in order. All essential information is readily available and easy to discern.

Is eToro Safe?

I concluded that eToro ranks among the safest forex brokers due to the following factors:

• Holds multiple Tier-1 licenses
• Keeps client funds segregated
• Operates on a ‘best execution’ basis
• Ensures negative balance protection
• Participates in multiple compensation schemes

Fees

eToro Trading Fees

eToro Spreads

I tested eToro’s spreads on 6 June 2025 during the London and New York opens. The results are shown in the table below:

Broken down by asset class and compared to the industry average, eToro charges extremely low spreads on share CFDs, low-to-average forex spreads, and high spreads on commodities, indices, and cryptocurrencies. The BTCUSD spread, in particular, is among the highest in the industry.

eToro Swaps

A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.

The values listed below are for one full base currency contract (100,000 units).

According to my findings, eToro’s swaps range from low to high compared to the industry benchmark.

eToro Non-Trading Fees

Deposits and withdrawals with eToro are generally free of charge, except for withdrawals from USD accounts, which are liable for a $5 handling fee. Third-party processing fees may also apply.

eToro charges a $10 monthly inactivity fee on dormant accounts, which applies until trading activity resumes or the account balance reaches zero. Accounts are considered inactive after 12 consecutive months without any login or trading activity.

Are eToro’s Fees Competitive?

eToro’s fees are mixed compared to the industry average. It offers very low spreads on share CFDs and low-to-average spreads on major forex pairs like EURUSD. However, spreads on commodities, indices, and especially cryptocurrencies—such as Bitcoin—are significantly higher than industry norms.

Swap fees vary across instruments, ranging from competitive to quite elevated, and while most deposits and withdrawals are free, the broker charges a $10 monthly inactivity fee and a $5 fee for USD account withdrawals.

Platforms and Tools

eToro Platform

I tested eToro’s web platform, which facilitates advanced market research, technical analysis, and order execution. It also connects traders to eToro’s social and copy trading community – one of the biggest in the industry. The platform as a whole is easily customizable and very versatile.

eToro platform is available in 19 languages, including English, French, Spanish, German, Arabic, Chinese, and more.

It features:

• Alerts-Setting Option: Traders can set alerts for when the price of a given instrument falls/rises to a predetermined level, which could potentially signal a viable entry opportunity.
• Watchlist Customization: Traders can populate watchlists with their favorite instruments and track market changes more easily.
• One-click Trading: This feature enables instant market entries at the spot price and is invaluable for high-precision traders, such as scalpers.
• Trading from the Chart: Traders can place conventional trading orders directly from the chart, specifying the entry price, volume level, stop and take-profit levels, and more.

The platform also helps traders track the latest market developments and learn about the day’s gainers and losers in the stock market.

Charts

The eToro platform features TradingView-powered charts, which are fluid and easily scalable. Price action is represented in great detail, and traders can easily spot viable trading opportunities using the charts window.

I have broken down the available analytical tools and chart configurations below:

• 106 technical indicators: Including trend-based and volume-based indicators, and oscillators to analyze price action and assess market sentiment, helping predict market movements.
• 75 drawing tools: Tools like Fibonacci retracement levels and Elliott waves help identify price patterns, support/resistance levels, and breakout points.
• 9 timeframes: For multi-timeframe analysis, enabling detailed price action analysis.
• 13 chart types: Price action can be displayed in multiple ways, including as a line, bars, candlesticks, or more.

Orders

eToro platform features three types of order execution: market, pending, and one-click trading, which supports immediate entries at the spot price.

I have broken down the available order types on the trading station below:

• Market Orders: Used for immediate entry at the best available price. They guarantee volume filling, though the entry price may differ from the requested price.
• Limit Orders: Guarantee exact price entries, but won’t be filled if the price doesn’t reach the trigger level.
• Stop Orders: Used to limit potential losses if the market moves against a position. A stop-loss is set at a fixed price and, once triggered, becomes a market order executed at the best available price.

eToro Platform: My Key Takeaways

• I really liked how functional and user-friendly the eToro platform is—it strikes a great balance between power and simplicity.
• Beyond just placing orders or analyzing charts, I could use it as a full-on copy trading station.
• The charting experience was smooth and crisp, with high-definition visuals that made technical analysis a breeze.
• I was also impressed by the built-in market research—it’s insightful and adds real value to the trading process.
• The eToro platform comes packed with analytical tools and supports multiple trading modes, making it adaptable to different strategies.

eToro Delta App

The eToro mobile app is available on iOS and Android, enabling quick and easy access to the market on the go. It is very useful for opening, terminating, and adjusting open positions. It also features comprehensive market research tools.

The Delta app can also be used to place market, limit, and stop orders and adjust the exposure of open trades. However, it does not feature any technical indicators or drawing tools.

eToro Delta App: My Key Takeaways

The Delta app by eToro is a well-rounded mobile app offering everything a trader might need at his or her fingertips. It features advanced market analytics and fluid charts, though the latter are not equipped with any analytical tools. Still, the app is a great tool in a trader’s arsenal, especially when it comes to trading on the go.

eToro Execution Model

eToro operates as a market maker and principal to client orders. The broker creates liquidity by essentially trading against the client: it sells against buying orders and buys against selling orders.

At times, eToro can also serve as an ECN broker, whereby client orders are routed to the market via electronic communications networks where they are matched to the most suitable counterparty.

Tradable Instruments

Compared to the industry average, eToro offers a standard selection of currency pairs but stands out with an extensive range of commodities, share CFDs, indices, and cryptocurrencies.

What Are CFDs?

CFDs (Contracts for Difference) let you trade on the price movements of assets—like gold—without actually owning them.

For example, if you go long on gold and the price rises, you profit; if it falls, you lose—without ever buying real gold.

The biggest perk? You can jump in or out of the market quickly to take advantage of even the smallest price changes.

What CFDs* Can You Trade With eToro?

eToro Instruments: My Key Takeaways

eToro impressed me with its broad range of tradable assets, from low-risk options like ETFs to higher-risk choices like share CFDs and cryptocurrencies.

It also offers Smart Portfolios, which are designed for diversified investing and potential dividend income.

Customer Support

Customer Support Channels

Customer Support Test

When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are.

I contacted eToro’s live chat bot, available from the client portal. I asked it several questions, and it replied quickly and in detail.

I was pleasantly surprised to find that eToro has introduced a response bot since my last review over a year ago. It’s a great addition that significantly improves the user experience for both new and existing clients.

Deposit and Withdrawal

How Do You Deposit Money with eToro?

How Do You Withdraw Money from eToro?

Account Types and Terms

How to Open an Account with eToro?

To open an account with eToro, follow these simple steps:

1. Click ‘Join eToro’ from the main page.
2. Provide your email address.
3. Choose a username.
4. Set up a password.
5. Accept eToro’s T&Cs.
6. Provide your personal details.
7. Enter your address info.
8. Elaborate on your trading experience.
9. Answer trading questions.
10. Choose your preferred markets.
11. State your trading goals and risk expectations.
12. Elaborate on your financial background.
13. Enter your telephone number.
14. Confirm your phone and email address.
15. Upload proof of ID and proof of address to verify your account.

What Account Types Does eToro Offer?

eToro offers a single retail trading account with standard pricing and a wide choice of base currencies. It supports social, copy, and hedging strategies, but not automated trading. One thing to keep in mind is that the account has a relatively low margin call level and no stop-out, which could affect risk management.

The minimum deposit varies depending on your country of residence. See eToro’s breakdown of minimum deposit requirements by region below:

Professional Account

eToro’s professional account is available to eligible traders who meet at least two of the three criteria below:

1. Have carried out transactions, in significant size, on the relevant market at an average frequency of 10 per quarter over the previous four quarters.
2. Have an investment portfolio with a value in excess of EUR 500,000.
3. Have worked in the financial sector in a professional capacity for at least one year, which requires knowledge of the transactions or services envisaged.

Professional accounts are less restricted than retail accounts (e.g., they have a maximum leverage of 1:200) but also have fewer client protections.

Demo Accounts

eToro offers a demo account that introduces traders to the broker’s services and allows them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. You can set up a demo account for yourself prior to or alongside your live CFD account.

Swap-Free (Islamic) Accounts

While eToro is not licensed to offer Sharia-compliant accounts, it does offer swap-free accounts, which have zero interest on open positions and are subject to administrative fees instead. These accounts might suit clients who require a zero-interest account due to religious beliefs and/or personal preference.

What is CFD Leverage?

Leverage lets you control a larger trade size with a smaller amount of money. It’s like borrowing funds from your broker to open bigger positions. While leverage can boost your profits, it can also magnify your losses—so use it with caution.

What Leverage Does eToro Offer?

In the table below, I have listed the maximum retail leverage available with eToro for instruments from different asset classes:

eToro Restricted Countries

eToro does not accept as clients residents of Afghanistan, Aland Islands, Albania, Algeria, Angola, Anguilla, Antarctica, Antigua and Barbuda, Armenia, Aruba, Azerbaijan, Bahamas, Barbados, Belarus, Belize, Benin, Bermuda, Bhutan, Bonaire, Bosnia and Herzegovina, Botswana, Bouvet Island, Brunei, Burkina Faso, Burundi, Cambodia, Cameroon, Canada, Cape Verde, Central African Republic, Chad, Chagos Islands, China, Christmas Island, Cocos Islands, Comoros, Congo Republic, Cook Islands, Cote d’Ivoire, Crimea Region, Cuba, Curacao, Democratic Republic of the Congo, Djibouti, Dominica, Egypt, El Salvador, Equatorial Guinea, Eritrea, Ethiopia, Faeroe Islands, Falkland Islands, Fiji, French Polynesia, Gabon, Gambia, Georgia, Ghana, Greenland, Grenada, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and McDonald Islands, Honduras, India, Indonesia, Iran, Iraq, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, Kosovo, Kyrgyzstan, Laos, Lebanon, Lesotho, Liberia, Libya, Madagascar, Malawi, Maldives, Mali, Marshall Islands, Mauritania, Mauritius, Micronesia, Moldova, Mongolia, Montenegro, Montserrat, Morocco, Mozambique, Myanmar, Namibia, Nauru, Nepal, Netherlands Antilles, New Caledonia, Nicaragua, Niger, Nigeria, Niue, Norfolk Island, North Korea, North Macedonia, Northern Cyprus, Pakistan, Palau, Palestinian Territories, Panama, Papua New Guinea, Paraguay, The Philippines, Pitcairn Islands, Russia, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Pierre, Saint Vincent and the Grenadines, Samoa, San Marino, Sao Tome, Saudi Arabia, Senegal, Serbia, Sierra Leone, Sint Maarten (Dutch Part), Solomon Islands, Somalia, South Georgia and the South Sandwich Islands, South Sudan, Sri Lanka, Sudan, Suriname, Svalbard and Jan Mayen, Swaziland, Syria, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, Uzbekistan, Vanuatu, Vatican City, Venezuela, Virgin Islands (British), Wallis and Futuna, Yemen, Zambia, Zimbabwe, or any other jurisdiction where trading with leveraged products is prohibited by law.

Research

Research Tools

eToro has developed a unique economic calendar that informs traders of upcoming releases, financial news, and stock market events (dividend dates, report releases, etc.). The calendar is available from the client portal, where traders can also read up on the latest gainers and losers in the ‘Discover’ section of the platform.

eToro’s in-house research also includes penetrating market breakdowns and video analyses, which present a broad and comprehensive picture of what, how, and when is driving the market.

eToro Research: My Key Takeaways

eToro keeps things smooth with its layered and penetrating market research. It touches upon different market events and developments, and generally affords the user a broad picture of the market. My only gripe with it is that it does not include any actionable trading signals or third-party content for extra perspective.

Education

eToro’s educational materials are nuanced and examine essential trading and investing topics, like how and where to place stop-losses, how to develop a comprehensive trading strategy, etc. I found this content equally suitable for first-time traders, intermediate traders, and even seasoned professionals looking to brush off some forgotten skills or knowledge.

The Bottom Line

eToro is a financial derivatives broker founded in 2007 and headquartered in London. It stands out in the online trading and investing space with over 7,300 assets, a user-friendly platform, a vast social trading network, and strong research and educational content.

The eToro platform is versatile and packed with features, supporting copy trading, advanced market research, and detailed technical analysis. Its high-definition charts are powered by TradingView, and the broker further enhances its offering with the Delta trading app—a sleek, multifunctional tool for trading on the go.

On the downside, eToro’s spreads are higher than the industry average, and it does not support automated trading.

Overall, I found eToro to be an excellent choice for traders of all experience levels—particularly those interested in copy and social trading.

FAQ