Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
eToro Pros & Cons
- Low copy entry threshold. Forex copy trading on eToro allows users to start with small amounts.
- Social trading focus. The platform is designed for passive investing and strategy replication, a core feature when trading Forex on eToro.
- Strong regulatory framework. eToro operates under multiple regulators, which is relevant when evaluating whether eToro is a Forex broker suitable for long-term use.
- Fractional investing. Traders can open positions with amounts below the price of one share, which supports flexible Forex and CFD trading on eToro.
- Real asset access. It is possible to buy real US-listed shares rather than CFDs, which appeals to users combining Forex trading and stock investing.
- Higher trading costs. Spreads for Forex on eToro are often wider than those of classic Forex brokers, affecting overall Forex fees on the platform.
- Execution stability issues. Some traders report occasional technical disruptions, which may impact active Forex trading on eToro.
- Limited platform choice. eToro does not support MetaTrader platforms, which may be a drawback for traders used to traditional Forex trading platforms.
- No ECN access. Orders are processed via an STP model only, which matters when comparing eToro Forex spreads with ECN-based brokers.
- Withdrawal fees. A fixed commission applies when withdrawing funds, increasing total Forex trading fees on eToro.
- Customer service complaints. Support quality is sometimes criticized in reviews covering eToro relative to other Forex platforms.
- Interface limitations. The overall layout on the eToro website may feel inconvenient for users focused on advanced Forex trading.
TU Expert Verdict
eToro is a reliable and well-established choice. I’ve reviewed its features, tested its services, and found that traders generally report positive results. It offers stable performance, dependable execution, and overall solid quality for everyday trading.
Top-5 Brokers Traders Prefer
eToro User Reviews
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5-star
23%
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4-star
28%
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3-star
41%
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2-star
5%
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1-star
3%
No weaknesses
eToro is a very user-friendly app. It's an intuitive, making it easy to choose assets with plenty of filters to help you out. Plus, it’s the only app where copy trading is seamlessly integrated—you can start copying traders right from the main page with tons of filters to narrow down your choices.
On the downside, the spreads for forex are a bit on the high side compared to other top brokers. A 1-pip spread for EURUSD is manageable, but 2.0 pips for GBPUSD and over 2.0 for less liquid pairs is quite a lot. There’s also no ECN account for active trading, which is a drawback if you're looking for tighter spreads.
No weakness found yet
I never had issues with eToro and it’s because I never complicate my strategy with leverages and stuff. My investment strategy is always 1:1 which means I only invest what I can afford and this minimizes the risks and the hidden high cost of leverage trading. It’s true that sometimes the spread is larger on eToro. For example when I am looking at EURUSD on TradingView and on eToro’s trading terminal I am always caught with a 20c difference but I don't care for the most part. For me profit is profit and I will take as much as I can regardless of spreads and fees. I love the flexibility of trading different asset classes and CFDs in eToro and for this alone I am willing to pay that price. eToro is ideal for traders like me who like keeping it straightforward and clean. If you like leverage trading then be ready to pay some price if you consider using eToro for this.
Financial Instability
Been using eToro for full year and here is my impartial review of the broker:
Most compatible for trading stocks with its zero-fee structure for securities, but charges high for crypto + high spread for forex
Order fulfillment is fast and glitches rarely happen. If they do, their customer service agent will promptly reach out to explain the issue and find a common ground to solve it
Great for portfolio diversification with the availability of thousands of tradable assets
Simple trading terminal with a number of good features e.g. copy trading, social trading, etc
No deposit fee + $5 fee for withdrawals (regardless of the amount)
Has a lot of ancillary charges such as inactivity fee, currency conversion fee, and overnight fee
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria5 /10The trading and non-trading commissions of eToro have been analyzed and rated as having Medium fees, with a fees score of 5/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
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Is eToro Safe?
We checked the eToro officeScore:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria10 /10eToro has a safety score of 10/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Regulated in the UK
- Track record over 19 years
- Strict requirements and extensive documentation to open an account
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.6.5 /10eToro offers the following account options: Demo, Standard, Micro, Swap Free, VIP, Managed.
However, eToro does not provide a Standard account, which can be a drawback for traders who prefer classic spread-based pricing models.
- Demo account
- Standard account with balanced trading conditions
- Low minimum deposit
- No Cent account
- No ECN/Raw spread account
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6.8 /10eToro received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria8.3 /10eToro offers a wider selection of trading assets than the market average, with over 5000 tradable assets available, including 40 currency pairs.
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Trading Account Opening
We successfully registered an account with eToro in 30 minutes. The KYC verification was completed within 3 business days. The minimum deposit amount at eToro is $50.Score:We evaluated Trading Account Opening at eToro by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria6.5 /10eToro received a score of 6.5/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.
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Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria7.6 /10 -
Customer Support
Score:We evaluated Customer Support at eToro by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria9.3 /10
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eToro Video Guides
FAQs
How is eToro regulated and what safety measures protect client funds?
eToro has a safety score of 10/10 and is regulated by several authorities, including Tier-1 regulators such as the FCA in the UK, CySEC in Cyprus, and ASIC in Australia, as well as the FSA in Seychelles (Tier-3). The broker offers negative balance protection, follows KYC verification procedures, and in some jurisdictions clients may be covered by investor compensation schemes, although specific coverage depends on the regulator and is detailed in this section.
What account types does eToro provide and what are their key features?
According to this section, eToro offers demo, standard, micro, swap-free (Islamic), VIP, and managed accounts, although it is also stated that in practice the broker mainly has a demo account and a standard trading account. The demo account is used for practicing with a $100,000 virtual balance, while the standard account supports direct trading and copying, with a minimum of $200 allocated per copied trader and $50 per copied transaction; other details about micro, VIP, swap-free, and managed accounts are not further specified here.
What do user reviews and ratings indicate about eToro’s overall satisfaction level?
eToro has a user satisfaction score of 7.3/10 based on 138 reviews, with 23% of users giving 5 stars, 28% giving 4 stars, 41% giving 3 stars, and smaller shares giving 2 or 1 star. According to user reviews, overall sentiment is mixed, and 2756 users have chosen this broker as reported in this section.
What markets and instruments can you trade with eToro according to user feedback?
This section states that eToro offers over 5000 tradable assets, including 40 currency pairs, stocks, commodity futures, cryptocurrencies, and stock indices, but does not provide specific user feedback or comments about these markets. Bonds are not available, while ETFs, copy trading, and managed accounts are supported as additional investment options.
How does eToro’s customer support operate and what service level can clients expect based on feedback?
Customer support at eToro is available 24/5 via multiple channels such as live chat, feedback forms, social networks, and through the website and personal account. Based on testing described in this section, responses were prompt, communication was clear, and support continued until issues were resolved, although there is no weekend support, which may affect users needing assistance on those days.
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