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.
Founded in 2007, eToro positions itself as a global trading platform with a strong focus on social investing and Forex trading, serving traders in more than 140 countries. When reviewing eToro as a Forex broker, it is important to note that the company operates through several regulated entities. eToro (Europe) is licensed by CySEC (109/10), while eToro (UK) is authorized by the FCA (583263). The company also maintains a presence in Australia and the United States, which supports access to Forex and CFD trading under different regulatory frameworks.
TU Expert Verdict
eToro demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
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%
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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
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of eToro with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, eToro’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
eToro Standard spreads eToro OANDA FOREX.com EUR/USD min, pips 0.3 0.1 0.7 EUR/USD max, pips 1.1 0.5 1.2 GPB/USD min, pips 0.3 0.1 0.9 GPB/USD max, pips 1.1 0.5 1.4 Does eToro support RAW/ECN accounts?
As we discovered, eToro does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with eToro. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
eToro Non-Trading Fees eToro OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 5 0-15 0 Inactivity fee ($, per month) 10 0 15 -
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
eToro Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level FCA UK
Full Name Financial Conduct Authority Country of regulation United Kingdom Investor Protection Fund Up to £85,000 Regulation Level Tier-1 CySec
Full Name Cyprus Securities and Exchange Commission Country of regulation Cyprus Investor Protection Fund Up to €20,000 Regulation Level Tier-1 ASIC
Full Name Australian Securities and Investments Commission Country of regulation Australia Investor Protection Fund No specific fund but has stringent consumer protection Regulation Level Tier-1 FSA (Seychelles)
Full Name Financial Services Authority of Seychelles Country of regulation Seychelles Investor Protection Fund No specific fund Regulation Level Tier-3 eToro Security Factors Foundation date 2007 Negative balance protection YesVerification (KYC) Yes -
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.
eToro covers the core account types, making it convenient for traders with different preferences and strategies.
- Demo account
- Low minimum deposit
- Standard account with balanced trading conditions
- No Cent account
- No ECN/Raw spread account
eToro account types vs top competitors eToro Plus500 Trading.com Standard YesYesYesECN/Raw spread NoNoNoDemo YesYesYesCent NoNoNoMicro YesNoNoSwap Free YesNoNoVIP YesNoNoManaged YesNoNoeToro accounts trading conditions
The eToro broker has only two accounts: a demo account and a standard trading account. Both are designed for direct trading and copying transactions. In some cases, a separate account may be opened in shares (when working with the US stock exchanges).
Account Type Description Demo account Designed to get acquainted with the functionality of the trading platform and trading skills practice. Starting deposit is $100,000; Standard account The minimum amount allocated for copying one trader is $200, the maximum is $2 million. The minimum amount for copying one transaction is $50. The eToro broker is an interesting company for those who prefer passive investing, who understand approaches to the formation and management of investment portfolios.
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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.
eToro provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- PayPal supported
- Bank wire transfers available
- Bank card deposits and withdrawals
- Minimum deposit below industry average
- BTC payments not accepted
- USDT payments not accepted
- Only major base currencies available
What are eToro deposit and withdrawal options?
eToro provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, PayPal, Skrill, Neteller.
eToro Deposit and Withdrawal Methods vs Competitors eToro Plus500 Trading.com Bank Wire YesYesYesBank card YesYesYesPayPal YesYesNoWise NoNoNoBTC NoNoNoWhat are eToro base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. eToro supports the following base account currencies: USD, EUR, GBP.
What are eToro's minimum deposit and withdrawal amounts?
The minimum deposit on eToro is $50, while the minimum withdrawal amount is $30. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact eToro’s support team.
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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.
- Indices trading
- ETFs investing
- 5000 assets for trading
- Bonds not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by eToro with its competitors, making it easier for you to find the perfect fit.
eToro Plus500 Trading.com Currency pairs 40 60 69 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 5000 2800 69 Stocks YesYesNoCommodity futures YesYesNoCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesYesNoStock indices YesYesNoOptions NoYesNoInvestment options
We also explored the trading assets and products eToro offers for beginner traders and investors who prefer not to engage in active trading.
eToro Plus500 Trading.com Bonds NoNoNoETFs YesYesNoCopy trading YesNoNoPAMM investing NoNoNoManaged accounts YesNoNo -
Trading Account Opening
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 /10We 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. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fully online account opening process
- Low minimum deposit requirement
- Registration process may take longer than expected
- Account approval may require extra time depending on the documentation.
eToro account opening eToro Plus500 Trading.com Online Registration YesYesYesMinimum deposit $50 $100 $50 Mandatory KYC YesYesYesRegistration time (min) 30 20 KYC time (days) 3 3 2 Is eToro available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
Disclaimer:
eToro is a multi-asset platform that offers both investing in stocks and crypto assets, as well as Forex and CFD trading.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. According to the provider, 76 percent of retail investor accounts lose money when trading CFDs. Before starting Forex trading on eToro, traders should consider whether they understand how CFDs work and whether they can afford to take the high risk of losing their money.
Past performance does not guarantee future results. Trading history presented may cover less than five full years and may not be sufficient as a basis for an investment decision. Forex copy trading on eToro does not constitute investment advice, and the value of investments may go up or down. Your capital is at risk, and losses may exceed expectations.
Users should not invest unless they are prepared to lose the full amount invested. This is a high-risk activity, and regulatory protection may be limited depending on jurisdiction. eToro USA LLC does not offer CFDs and does not assume responsibility for the accuracy or completeness of information prepared using publicly available sources.
How to open an account on eToro
Cooperation with the broker begins with registering a personal account. To start trading Forex on eToro, traders should first register on the Traders Union website and then visit the eToro official website using the partner link, which may help reduce the overall Forex trading fees for them on eToro in the long run.
Account registration. Click the “Register” button located in the top panel of the website, regardless of the page you are on.
Authorization. Enter your email address, name, and password. This information is sufficient to access the personal account and begin exploring Forex trading assets available on eToro.
Features available in the eToro personal account
After registration and login, traders gain access to a range of tools.
- Market analytics. Current analytics for major assets, including a Market Sentiment Indicator relevant for Forex trading on eToro.
- Trader ratings. Rankings of traders with open statistics, often used for Forex copy trading on eToro.
- Portfolio overview. Detailed statistics on investment portfolios and open positions.
- News feed. Updates related to markets, assets, and trading activity.
- CopyPortfolios. Structured portfolios combining multiple strategies.
- Funds management. Deposit and withdrawal functionality.
- eToro Club. A loyalty program offering additional features based on account status.
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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.
- Trade directly from TradingView
- API access for automated trading
- One-click trading
- Proprietary platform with unique features
- No access to MetaTrader
- No access to cTrader and its advanced tools.
- Strategy (EA) Builder is not available
Supported trading platforms
eToro supports the following trading platforms: TradingView, Proprietary platform. This selection covers the basic needs of most retail traders. We also compared eToro’s platform availability with that of top competitors to assess its relative market position.
eToro Plus500 Trading.com MT4 NoNoNoMT5 NoNoYescTrader NoNoNoTradingView YesYesYesProprietary platform YesYesYesNinjaTrader NoNoNoWebTrader NoYesYesKey eToro’s trading platform features
We also evaluated whether eToro offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features 2FA YesAlerts YesTrading bots (EAs) NoOne-click trading YesScalping NoSupported indicators 110 Tradable assets 5000 Additional trading tools
eToro offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
eToro trading tools vs competitors eToro Plus500 Trading.com Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making. YesNoYesAPI YesNoNoFree VPS NoNoNoStrategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills. NoNoNoAutochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels. NoNoNo -
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 /10eToro supports mobile trading, offering dedicated apps for both iOS and Android. eToro received a score of 7.6/10 in this section, indicating a generally acceptable mobile trading experience.
- Mobile alerts supported
- Indicators supported
- Supports mobile 2FA
- Weak user feedback on Android
We compared eToro with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
eToro Plus500 Trading.com Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 10,000,000 10,000,000 50,000 App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 3.9 4.7 4.8 Google Play score 3.2 4.4 4.7 Mob. 2FA YesYesYesMob. Indicators YesYesYesMob. Alerts YesYesYes -
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 /10eToro demonstrates a high level of customer support. Assistance is available through multiple channels, and most requests are handled quickly.
During TU testing, managers responded promptly, communication was clear and structured, and support continued until the issue was fully resolved. Overall, eToro shows reliable service and active engagement with clients.
InformationCustomer support at eToro is available to traders on a 24/5 basis. This availability is often highlighted when assessing service quality for users, especially those trading across different time zones.
- Live chat support. Real-time assistance is available, which is helpful for traders actively trading Forex on eToro.
- No weekend support. Customer service does not operate on weekends, which may affect traders monitoring positions outside standard trading days.
There are several ways to contact customer support:
- via feedback form;
- via social networks.
Support is available on the broker's website and in a personal account.
Contacts Foundation date 2007 Registration address eToro (UK) Ltd. 24th floor, One Canada Square Canary Wharf London, E14 5AB, United Kingdom Regulation FCA UK, CySEC, ASIC, FSA (Seychelles) Official site https://www.etoro.com/ Contacts support@etoro.com
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FAQs
How is eToro regulated and what safety measures are mentioned in reviews of its security?
The review notes that eToro has a safety score of 10/10, is regulated by Tier-1 authorities such as the FCA (UK), CySEC (Cyprus), and ASIC (Australia), and also holds a Tier-3 license from the FSA in Seychelles. It highlights features like negative balance protection, KYC verification, participation in investor compensation schemes in some jurisdictions, and a track record since 2007 as factors contributing to a high security level.
What types of trading accounts are available with eToro and how do they differ?
The review explains that eToro primarily offers a demo account and a standard trading account, with an additional separate shares account in some cases for working with US stock exchanges. It also lists Demo, Standard, Micro, Swap Free, VIP, and Managed as available options, while noting that there is no ECN/Raw spread or Cent account, which may be a drawback for some experienced traders.
What do user reviews and feedback indicate about overall satisfaction with eToro?
The user satisfaction score for eToro is 7.3/10 based on 138 reviews, and 2,756 users chose this broker according to the section. Rating distribution shows 23% 5-star, 28% 4-star, 41% 3-star, 5% 2-star, and 3% 1-star reviews, and the review describes the overall user sentiment as mixed; according to user reviews, experiences vary across different aspects of the service.
What do reviews say about eToro’s deposit and withdrawal methods and limits?
The review gives eToro a medium score of 6.75/10 for deposits and withdrawals, noting a reasonable range of methods including bank cards, bank wire, PayPal, Skrill, and Neteller, with a minimum deposit of $50 and a minimum withdrawal of $30. It also mentions that only major base currencies (USD, EUR, GBP) are supported and that BTC and USDT payments are not accepted, which may limit options for some users.
How does the account opening process work at eToro and what feedback is given on its speed?
The review states that eToro’s account opening is fully online, with registration taking about 30 minutes and KYC verification typically completed within 3 business days, and the minimum deposit set at $50. It notes that the process is considered accessible and relatively hassle-free, although registration and approval may take longer than expected depending on the documentation provided.
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