Robert J. Williams
Reviewed by:
Sikirty Chatterjee
USP: Regulated by FCA & CySEC (Tier-1) | 0% Stock Commissions | CopyTrader Social Trading
eToro is a multi-asset broker founded in 2007 with global headquarters in Tel Aviv, Israel. It has grown into a leading social trading platform, empowering over 35 million users across 100+ countries to invest and trade globally. eToro has earned numerous industry accolades (e.g. Best Trading Platform 2024 by Forbes Advisor) and is widely recognized for pioneering copy-trading.
🏦 Headquarters: Tel Aviv, Israel
📅 Founded: 2007
📜 Regulation: FCA (UK), CySEC (Cyprus), ASIC (Australia), ADGM (UAE), FSAS (Seychelles)
🏳 Supported Countries: Over 100
💻 Platforms: eToro Proprietary Web & Mobile (iOS/Android)
💵 Min Deposit: US$50
Founded by Israel-based entrepreneurs, eToro’s mission is to make trading accessible, transparent and community-driven. The company introduced social copy-trading in 2010 and has continuously expanded its offerings (e.g. 0% commission stocks in 2019). Today eToro combines a global community network with a broad asset offering, serving both retail and professional clients. It has achieved significant scale – millions of accounts worldwide – and has successfully obtained multiple regulatory licenses, cementing its position as a trusted player in online trading.
Social Trading: eToro offers built-in copy trading, while most competitors do not.
Pricing: 0% stock commissions gives it an edge for equity investors; CFD spreads are market-standard.
Assets: One-stop for stocks, crypto, CFDs. Some rivals focus on forex only or lack crypto integration.
Platforms: eToro’s proprietary web/mobile is simple and social-driven; others may offer advanced APIs or MT4.
Education & Community: eToro integrates social feeds and internal analysis (Daily Breakdown), whereas others rely on external tools.
eToro is regulated by multiple top-tier authorities. Its global entities hold licenses from the UK’s FCA, Cyprus’s CySEC, Australia’s ASIC (Tier-1 regulators), as well as ADGM FSRA (UAE) and FSAS (Seychelles). This strong regulatory mix (Tier-1 oversight) means strict capital requirements and customer protections are in place, boosting trust. Retail traders benefit from EU/UK investor protection schemes (Cyprus ICF or UK FSCS cover up to €20k/£85k in default). However, note that crypto trading is unregulated – crypto positions do not benefit from these funds.
FCA (UK) – FRN 583263
CySEC (Cyprus) – Licence 109/10
ASIC (Australia) – AFSL 491139
FSAS (Seychelles) – Licence SD076
ADGM FSRA (UAE) – Perm. No. 220073
SEC (USA) – Reg. No. 8-70212 (eToro USA Securities)
FINRA (USA) – CRD No. 298361 (broker-dealer registration)
Client Fund Protection: eToro maintains segregated bank accounts for client deposits. In regulated entities (UK/Cyprus), client funds are held separately from corporate funds.
Compensation Schemes: Eligible retail clients have deposit protection via CySEC’s Investor Comp. Fund or the UK’s FSCS, covering losses up to statutory limits. (Unregulated crypto does not qualify.)
Negative Balance Protection: As per FCA/CySEC rules, retail clients cannot lose more than their account equity; negative balances are absorbed by eToro.
Data Security & Encryption: The platform uses SSL encryption for all data transfers. Two-factor authentication and biometric logins are available to secure accounts.
✅ Instruments: Stocks, ETFs, Cryptocurrencies, Commodities, Currencies, Indices, and more (7,000+ instruments). Direct ownership is offered for stocks/crypto; leveraged CFDs for forex, indices, etc.
✅ Spreads: From ~1 pip on major FX pairs (EUR/USD 1 pip; USD/JPY 1 pip). Spreads vary by market volatility. Commodity spreads also competitive (e.g. Gold ~0.025%).
✅ Commission: $0 on stock/ETF trades. Crypto trades carry ~1% fee on buy/sell (built into price). No per-trade commissions on CFDs (costs are embedded in spreads).
✅ Leverage: Up to 1:30 for major forex (per ESMA/FCA limits on retail). Leverage is lower (1:20, 1:10) on minor currency pairs and some indices. Professional accounts may access higher leverage per local rules.
Available Platforms:
✔ eToro Web Platform: Intuitive browser interface with full functionality. Offers advanced charting, watchlists, and easy navigation.
✔ eToro Mobile App (iOS/Android): Feature-parity with web; includes push alerts and secure login. Supports “offline trading,” allowing order placement even during maintenance.
Key Platform Features:
Chart Analysis: Interactive multi-charting tool (ProCharts) for comparing multiple assets or timeframes. Standard charts include various timeframes, drawing tools and custom layouts.
Technical Indicators: 40+ built-in indicators (RSI, MACD, Bollinger Bands, etc.) can be overlaid on charts to aid analysis. Traders can combine studies and customize charts in real time.
Copy Trading / Automated Investing: eToro’s CopyTrader lets you automatically mirror the trades of top investors in real time. Smart Portfolios (theme-based baskets) allow semi-automated investment. These features serve as an alternative to expert advisors (EAs) by social means.
Order Management: Advanced risk controls: set Stop Loss, Take Profit and Trailing Stops to manage open trades. One-Click Trading allows rapid order entry with pre-defined settings.
Mobile & Offline Trading: The mobile app provides the core platform on the go. Notably, eToro supports offline order placement – you can queue orders that the system executes once maintenance ends. All features (copying, charting, alerts) are synced across web and mobile.
Research Tools:
TipRanks Research Tab: Integrated research powered by TipRanks. Aggregates professional analyst ratings and smart money sentiment on each asset (platform-native feature).
Market News & Analysis: eToro’s own Daily Breakdown and Market Insights blog provide expert market commentary. Users can access in-platform news feeds for timely updates on stocks, crypto and global markets.
TradingView Charts & Calendar: The platform incorporates TradingView charts and an economic calendar for fundamental analysis. These third-party tools (embedded in eToro) help traders stay informed on market events and visualize data.
Sentiment & Community Data: Each asset shows community sentiment (percentage of buyers vs sellers). Users also benefit from the social news feed where traders share analysis and ideas (platform-native content).
| Account Types | Min Deposit (USD) | Spread | Commission | Platforms |
|---|---|---|---|---|
| Retail Account (Standard) | $50 | From ~1 pip (EUR/USD) | None (0% on stocks) | eToro Web & Mobile |
| Professional Account | $250,000 | From ~0.7 pip | None | eToro Web & Mobile |
| Corporate Account | $50,000 | From ~1 pip | None | eToro Web & Mobile |
Retail Account: Default account type for individuals. Requires a $50 minimum first deposit. Spreads start around 1 pip on majors. No commissions on stock/ETF trades. Use the standard eToro platform (web/mobile).
Professional Account: For experienced traders meeting FCA/CySEC criteria (experience, volume, etc.). Higher capital requirement (commonly ≥$250K). Offers higher leverage (per local rules) and market-level conditions (but no negative balance protection). Commission structure remains the same (0% on equities).
Corporate Account: Tailored for businesses and organizations. Higher deposit (e.g. $50K) and typically larger volume discounts. Spreads and fees follow the retail model. Available on the same eToro platform.
Special Features:
Demo Account: Free practice account with $100,000 virtual balance. Perfect for beginners to learn and test strategies risk-free with real-time market data.
Islamic (Swap-Free) Account: Available for clients who require Sharia-compliant trading. No overnight interest (swap) is charged for up to 7 days on CFD positions; small administrative fees apply after that. Minimum for a swap-free account is $1,000. Spot stocks, ETFs and crypto have no daily fees on any account type.
VIP / Premium Accounts: eToro Club membership tiers (Silver, Gold, Platinum, etc.) reward higher balances with perks. Higher tiers enjoy benefits like dedicated support, premium market research, and exclusive event invitations. (Membership is based on equity in the account.)
Managed Accounts: eToro does not offer traditional managed account services where a manager trades on your behalf. Instead, it provides passive investment solutions like Smart Portfolios and the CopyTrader system, which automatically mirror expert traders under user control.
eToro supports major payment methods. Common options include:
Credit/Debit Cards: (Visa, MasterCard, Maestro) – Instant funding, no deposit fees.
Bank Transfer (ACH/SEPA): Electronic transfer – typically takes 2–5 business days; no fees in many regions. (US ACH transfers are often instant.)
E-Wallets: PayPal is accepted (instant, $50 min). Other e-wallets like Skrill/Neteller may be supported depending on your country.
Others: Depending on jurisdiction, local methods (Sofort, iDEAL, Boleto, etc.) may be available via partner gateways.
Funds can be withdrawn to the same card/account originally used or via bank wire.
Credit/Debit Card: Withdrawal to card (Visa/MasterCard) is supported in many regions – usually processed within 1 business day.
Bank Transfer: ACH/SEPA or international wire – typically 2–5 business days.
PayPal: Withdrawals back to PayPal are instant if you have linked accounts.
All withdrawals have a minimum of $30 (flat fee, no per-transaction fee). Most methods are free of charge for clients.
Processing Time: Card and e-wallet deposits/withdrawals are usually instant or within 24 hours. Bank transfers take 2–5 business days.
Deposit Fees: eToro does not charge fees on deposits; however, your payment provider may have its own charges.
Withdrawal Fees: $0 flat fee (subject to minimum $30); note there is a $5 wire processing fee for non-US residents according to terms.
Minimum/Maximum Limits: The minimum deposit is $50 (USD). Maximum limits depend on method: e.g., up to $40,000 per card transaction, or $10,000 per day via bank/PayPal.
Open Your Account: Go to eToro’s website and click “Join Now”. Enter your email, choose a password, and fill in your personal details.
Verify Identity: eToro will send a confirmation link via email – click it. Then verify your phone number when prompted.
Complete KYC: Upload required documents for verification (e.g. government ID and proof of address) as per the on-screen instructions.
Fund Your Account: Deposit funds using your preferred payment method (credit card, bank transfer, etc.). The minimum first deposit is $50.
Access Platform: Log in to eToro’s trading platform (web or mobile). You can explore the virtual portfolio (demo mode) or switch to Real mode.
Choose an Instrument: From the list of markets (stocks, forex, crypto, etc.), select a market you want to trade or invest in.
Analyze the Market: Use eToro’s charting tools and technical indicators to analyze the price action. Check market news or sentiment if needed.
Place Your Trade: Click Trade. Enter the trade size (units), set the Stop Loss and Take Profit levels to manage risk, and choose Buy or Sell. You can also enable CopyTrader to automatically mimic another trader’s positions.
Monitor and Manage: Monitor your open position in the portfolio. You can adjust or close it at any time. If you set TP/SL orders, eToro will execute them automatically when the price is reached.
Summary: eToro’s trading process is designed to be straightforward, even for beginners. Opening an account and funding it is quick, after which the intuitive platform (web or mobile) guides you seamlessly. The social features allow you to copy experienced traders easily, but you can also trade manually with professional tools like charting and risk controls. Overall, eToro emphasizes ease-of-use and accessibility, making it suitable for both novice and seasoned investors.
Support Channels: eToro provides customer support primarily through digital channels:
Live Chat: Available 24/5 via the eToro platform or Help Center. (Click the chat icon after logging in.)
Email / Support Tickets: Submit a request through the Help Center for detailed inquiries (tickets usually get a response within ~24 hours).
Social Media: eToro maintains official pages (Twitter, Facebook, etc.) for general updates, but specific support should go through the Help Center.
No Dedicated Phone Line: eToro does not publicly offer a phone hotline; support is online-only.
Support Hours: Support is available around the clock during the trading week. Generally, live chat and ticket support operate 24 hours a day Monday–Friday (covering all major markets). Crypto support may be extended to weekends since crypto markets run 24/7.
Multilingual Support: eToro’s platform and Help Center articles are available in many languages (English, Spanish, German, Chinese, Arabic, etc.), and support agents can assist in several languages.
Dedicated Account Managers: Premium eToro Club members (Gold tier and above) receive a dedicated account manager and higher-tier support privileges.
Response Quality: eToro’s Help Center is extensive, offering FAQs and guides. For urgent issues, live chat is usually the fastest channel. Feedback on support is generally positive, with quick resolution for most queries.
“Ideal for social and long-term investors seeking a user-friendly platform with a vast asset range and social copy-trading features.”
Avoid If: You require fixed, ultra-tight spreads or rely on MetaTrader/third-party platforms. Also, those needing 24/7 phone support or specialized institutional tools may find eToro limiting. Traders in regions with limited payment options or traders preferring heavy leverage (beyond regulatory caps) should consider other brokers. Avoid if you want advanced backtesting or in-depth research tools beyond the basics provided.
Bottom Line: eToro stands out for its social trading ecosystem, commission-free stock trading, and strong regulatory licenses. Its intuitive web/mobile platform and demo account make it highly accessible to beginners. While spreads on CFDs are variable and advanced traders may miss platforms like MT4, eToro’s unique CopyTrader and educational resources add great value. Overall, we recommend eToro for retail investors and social traders who prioritize ease-of-use, regulation, and a broad market offering. Advanced or high-frequency traders may look elsewhere for faster execution and fixed spreads.
2025 BROKERINSPECT
There are no reviews yet.