According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $50, $100 (for UK clients)
- Proprietary platform
- CySEC
- FCA
- ASIC
- 2007
Our Evaluation of eToro
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
eToro is a reliable broker with the TU Overall Score of 7.18 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by eToro clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews showed that the broker’s clients are mostly satisfied with the company.
The eToro broker is a non-standard broker that focuses exclusively on social trading.
Brief Look at eToro
The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA. eToro Profile Details
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- the minimum transaction amount for copying is $1;
- handy functionality for passive investing;
- regulated by independent monitors;
- it is possible to purchase contracts for fractional shares (that is, to invest amounts less than the cost of one share);
- it is possible to buy shares at once (not CFDs) on the US stock exchanges.
- high spreads;
- periodic technical failures in order execution;
- lack of the most popular platforms such as MetaTrader 4 and MetaTrader 5 in Europe and the CIS;
- no access to ECN systems, orders are processed only according to the STP (straight-through processing) scheme with access to specific liquidity providers;
- there is a commission for withdrawing funds;
- impolite support staff;
- inconvenient website.
TU Expert Advice
Author, Financial Expert at Traders Union
eToro offers a diverse range of trading instruments, including Forex, stocks, commodities, and cryptocurrencies, accessible through its proprietary trading platform. It supports Standard and demo accounts with minimum deposits starting from $50. The company is regulated by reputable CySEC, FCA, and ASIC, ensuring compliance with industry standards. Users benefit from social trading features, particularly the ability to copy trades starting at a minimum of $1, and leverage set by European regulators remains within 1:1 to 1:30.
Despite its attractive offerings, eToro faces drawbacks such as high spreads, occasional technical issues, and a withdrawal fee of $5. The lack of popular platforms like MetaTrader may not appeal to traders who prefer these tools for advanced features. eToro's social trading focus may be best suited for beginners and passive investors looking for a user-friendly platform to explore copy trading strategies. However, active traders seeking competitive spreads or automated trading options may find other platforms more suitable for their needs.
We checked the office of the eToro brokerage company in Cyprus, which is located at the following address according to the information on the company’s website:
st. Profiti Ilias, 4, business center "Kanika", 7th floor, Yermasogeia, 4046, Limassol, Cyprus
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The company is located at the stated address
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We were able to speak to a company representative
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We were able to visit the office as clients
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Video of the company’s office
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eToro Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
💻 Trading platform: | a proprietary unified platform |
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📊 Accounts: | Standard and demo |
💰 Account currency: | USD |
💵 Deposit / Withdrawal: | Bank transfer, Neteller, Skrill, Webmoney, GiroPay, e-wallets |
🚀 Minimum deposit: | $50, $100 (for UK clients) |
⚖️ Leverage: | 1:1-1:30 |
💼 PAMM-accounts: | No |
📈️ Min Order: | $1 (when copying transactions) |
💱 EUR/USD spread: | 0,3-1,1 pips |
🔧 Instruments: | Currencies, assets of stock and commodity markets, cryptocurrencies |
💹 Margin Call / Stop Out: | n/a |
🏛 Liquidity provider: | n/a |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Order execution: | Market execution |
⭐ Trading features: | Cryptocurrency trade; Structural investment portfolios; Copy Portfolios; Trading Central. |
🎁 Contests and bonuses: | No |
The eToro broker's trading conditions can be considered relatively attractive due to the specifics of the service provided. eToro requires a first-time deposit of $200 USD, after the first deposit; there is a minimum deposit amount of $50 USD, $100 USD (for UK clients) and the amount required to copy another trader is $200, also minimum Copy position size from $1 to $2. Leverage is set by the requirements of the European regulators. Learn more about eToro Forex and CFD Assets.
eToro Key Parameters Evaluation
Video Review of eToro
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Disclaimer:
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Cooperation with a broker starts with the registration of a personal account. First, register on the Traders Union website and go to the eToro website using the partner link to save on the spread. To register:
Click the "Register" button on the top panel regardless of which page of the site you are on.


Go through authorization by specifying the following data: email address, name, account password. This data is sufficient to gain access to the personal account.

The following is available in the eToro personal account:
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Current analytics for major assets with Market Sentiment Indicator;
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Rating of traders with open statistics and different groups.
Other features of the personal account:
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investment portfolio statistics;
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news feed;
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CopyPortfolios structural portfolios;
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statistics on accrued bonuses for invited friends;
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withdrawal of funds;
eToro - How to open, deposit and verify a trading account | Firsthand experience of Traders Union
Regulation and safety
eToro 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 18 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 |
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Financial Conduct Authority | United Kingdom | Up to £85,000 | Tier-1 |
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Cyprus Securities and Exchange Commission | Cyprus | Up to €20,000 | Tier-1 |
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Australian Securities and Investments Commission | Australia | No specific fund but has stringent consumer protection | Tier-1 |
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Financial Services Authority of Seychelles | Seychelles | No specific fund | Tier-3 |
eToro Security Factors
Foundation date | 2007 |
Negative balance protection | Yes |
Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker eToro have been analyzed and rated as Medium with a fees score of 5/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
- Inactivity fee applies
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 | Pepperstone | OANDA | |
EUR/USD min, pips | 0,3 | 0,5 | 0,1 |
EUR/USD max, pips | 1,1 | 1,5 | 0,5 |
GPB/USD min, pips | 0,3 | 0,4 | 0,1 |
GPB/USD max, pips | 1,1 | 1,4 | 0,5 |
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 | Pepperstone | OANDA | |
Deposit fee, % | 0 | 0 | 0 |
Withdrawal fee, % | 0 | 0 | 0 |
Withdrawal fee, USD | 5 | 0 | 0-15 |
Inactivity fee ($, per month) | 10 | 0 | 0 |
Account types
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).
The eToro broker is an interesting company for those who prefer passive investing, who understand approaches to the formation and management of investment portfolios.
Deposit and withdrawal
eToro 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.
- No deposit fee
- Bank card deposits and withdrawals
- Bank wire transfers available
- Low minimum withdrawal requirement
- USDT payments not accepted
- BTC 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 | Pepperstone | |
Bank Wire | Yes | Yes | Yes |
Bank card | Yes | Yes | Yes |
PayPal | Yes | Yes | Yes |
Wise | No | No | No |
BTC | No | No | No |
What are eToro base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. eToro supports the following base account currencies:
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.
Markets and tradable assets
eToro offers a wider selection of trading assets than the market average, with over 5000 tradable assets available, including 40 currency pairs.
- Indices trading
- Copy trading platform
- Crypto trading
- Bonds not available
eToro 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 | Pepperstone | |
Currency pairs | 40 | 60 | 90 |
Total tradable assets | 5000 | 2800 | 1200 |
Stocks | Yes | Yes | Yes |
Commodity futures | Yes | Yes | Yes |
Crypto | Yes | Yes | Yes |
Stock indices | Yes | Yes | Yes |
Options | No | Yes | No |
Investment 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 | Pepperstone | |
Bonds | No | No | No |
ETFs | Yes | Yes | Yes |
Copy trading | Yes | No | Yes |
PAMM investing | No | No | Yes |
Managed accounts | Yes | No | No |
Trading platforms & tools
eToro 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.
- One-click trading
- Trade directly from TradingView
- API access for automated trading
- Proprietary platform with unique features
- Strategy (EA) Builder is not available
- No access to cTrader and its advanced tools.
- No access to Free VPS
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 | Pepperstone | |
MT4 | No | No | Yes |
MT5 | No | No | Yes |
cTrader | No | No | Yes |
TradingView | Yes | Yes | Yes |
Proprietary platform | Yes | Yes | Yes |
NinjaTrader | No | No | No |
WebTrader | No | Yes | Yes |
Key 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 | Yes |
Alerts | Yes |
Trading bots (EAs) | No |
One-click trading | Yes |
Scalping | No |
Supported 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 | Pepperstone | |
Trading Central | Yes | No | No |
API | Yes | No | Yes |
Free VPS | No | No | Yes |
Strategy (EA) builder | No | No | Yes |
Autochartist | No | No | Yes |
Mobile apps
eToro supports mobile trading, offering dedicated apps for both iOS and Android. eToro received a score of 7.55/10 in this section, indicating a generally acceptable mobile trading experience.
- Supports mobile 2FA
- Indicators supported
- Mobile alerts supported
- 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 | Pepperstone | |
Total downloads | 10,000,000 | 10,000,000 | 100,000 |
App Store score | 3.9 | 4.7 | 4.0 |
Google Play score | 3.2 | 4.4 | 4.0 |
Mob. 2FA | Yes | Yes | Yes |
Mob. Indicators | Yes | Yes | Yes |
Mob. Alerts | Yes | Yes | Yes |
Education
Information
There is a separate "Training" section to help novice traders. It describes the key points of social trading, the scheme for copying transactions, and the principle of choosing a trader by an investor.
Each of these tools can be useful when creating an investment portfolio.
Customer support
Information
The broker's customer service is available for each trader twenty-four five.
Advantages
- Live chat
Disadvantages
- Does not work on weekends
There are several ways to contact customer support:
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via feedback form;
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via social networks.
Support is available on the broker's website and in a personal account.
Contacts
Foundation date | 2007 |
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Registration address | eToro (UK) Ltd., 24th floor, One Canada Square, Canary Wharf London, E14 5AB, United Kingdom |
Regulation | CySEC, FCA, ASIC |
Official site | etoro.com |
Comparison of eToro with other Brokers
eToro | Bybit | Eightcap | XM Group | IC Markets | |
Trading platform |
MobileTrading, WebTrader | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, cTrader, MT5, TradingView |
Min deposit | $100 | No | $100 | $5 | $200 |
Leverage |
From 1:2 to 1:30 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:500 |
Trust management | No | No | No | No | No |
Accrual of % on the balance | No | No | No | No | No |
Spread | From 2 points | From 0 points | From 0 points | From 0.8 points | From 0 points |
Level of margin call / stop out |
No | No / 50% | 80% / 50% | 100% / 50% | 100% / 50% |
Order Execution | Instant Execution | Market Execution | Market Execution | Market Execution | Market Execution |
No deposit bonus | No | No | No | No | No |
Cent accounts | No | No | No | No | No |
Detailed Review of eToro
The broker eToro is a fully-featured transactions-copying platform. It is a highly specialized company that has chosen the social trading sector as its main niche. This makes the platform suitable for use by trading beginners. For over 10 years, eToro managed to develop and offer innovative technologies in the field of online trading and auto-following, such as instant copying of transactions with the ability to constantly monitor the actions of a trader in a web terminal.
A few figures about eToro that may be of interest to traders when choosing a company for trading:
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over 2,000 assets available, including CFDs, stocks: Nvidia stock, Apple stock, Google stock, Tesla stock etc. , and cryptocurrencies;
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over 6 million customers;
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over 140 countries.
How to copying transactions on eToro
The broker eToro is focused on providing transactions copying services. In 2007, the company offered the Visual FX social trading platform, which in 2009 was developed into a web version and got the name WebTrader. In 2010, another OpenBook platform was developed and it was powered by the innovative CopyTrader technology. In 2015, the two platforms were merged.
Another unique eToro service is access to the US stock market , where each trader can become a real shareholder (in most cases, other brokers offer to trade only CFDs on shares), and eToro, in this case, acts as a sub-broker.
Can You Trade Options At eToro?
Other eToro useful services:
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Copy Portfolios. Thematic investment tool for long-term investors. It is a range of investment portfolios with different structures and risk levels, the management of which involves the use of machine learning technology. The minimum investment amount is $200;
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Trading Central. Conditions apply and eToro provides its clients with free access to restricted exclusive materials of the information and analytical platform;
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analyst at the Financial Times. Traders/investors can get free access to analytical materials and research results from one of the best information providers;
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a calendar of the release of reports on the profit of companies.
Advantages:
detailed statistics for each trader are available in the personal account;
there are ready-made structural investment portfolios;
the minimum amount for copying is $1.
There are no restrictions on choosing a strategy when copying transactions.
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