eToro Review

The category leader in copy and social trading, with real stocks and crypto.

Our verdict

eToro is the benchmark for copy and social trading, combining CopyTrader and Smart Portfolios with real stocks, ETFs and crypto under FCA, CySEC and ASIC regulation. Beginner-friendly — with wider FX spreads as the trade-off.

Founded
2007 Tel Aviv, Israel
Regulators
Multiple FCA, CySEC, ASIC…
Minimum deposit
~US$50 varies by country
EUR/USD from
~1.0 pips spread-based
Platforms
eToro web & mobile
Instruments
3,000+ stocks, crypto, CFDs

The score, by criterion

How eToro scores

Regulation & fund safety · 30%
9.0
Trading costs · 25%
7.4
Execution quality · 20%
8.0
Client protections · 15%
8.7
Platforms & range · 10%
8.8

Strengths

  • Market-leading copy and social trading (CopyTrader, Smart Portfolios).
  • Real stocks, ETFs and 70+ cryptocurrencies alongside CFDs.
  • Regulated by multiple tier-1 authorities (FCA, CySEC, ASIC).
  • Commission-free stock and ETF investing in many regions.
  • Beginner-friendly proprietary web and mobile platform.

Considerations

  • FX/CFD spreads are wider than at cost-focused brokers (EUR/USD from ~1.0 pip).
  • A $5 withdrawal fee (waived on eToro Money in some regions) plus currency-conversion fees.
  • Inactivity fee after prolonged dormancy.
  • No MT4/MT5 — proprietary platform only.

Regulation & fund safety

eToro is regulated by a broad set of authorities — FCA (UK), CySEC (EU) and ASIC (Australia) among them, plus dedicated US and Abu Dhabi entities. Its multi-entity structure reflects a genuinely global, multi-asset business.

RegulatorJurisdictionLicence / reg. no.Legal entity
FCAUnited Kingdom583263eToro (UK) Ltd
CySECCyprus (EU)109/10eToro (Europe) Ltd
ASICAustraliaAFSL 491139eToro AUS Capital Limited
FSASeychellesSD076eToro (Seychelles) Ltd
SECUnited States8-70212eToro USA Securities Inc.
ADGM FSRAAbu Dhabi220073eToro (ME) Limited
MASSingaporeCMS101824eToro Singapore Pte. Ltd.

Trading costs

eToro's pricing is spread-based, with EUR/USD from about 1.0 pip — wider than raw-spread brokers, a fair trade for its social features. Real stock and ETF investing is commission-free in supported regions; watch the $5 withdrawal fee and currency-conversion costs.

Platforms & range

Everything runs on eToro's own web and mobile platform, built around its social feed and CopyTrader, spanning 3,000+ instruments including real equities and crypto. There is no MetaTrader.

Who it's for

Ideal for beginners and social traders who want to copy others, invest in real stocks and crypto, and learn in a friendly interface. Cost-sensitive, high-frequency forex traders will prefer a raw-spread ECN broker.

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Risk warning

Trading forex & CFDs carries a high risk of loss — between 74% and 89% of retail investor accounts lose money when trading CFDs. This is independent editorial analysis, not financial advice or a recommendation to trade. Figures such as spreads and licences were verified as of August 2026 and may change; always confirm current terms and licence status in the regulator's own register.

WFX

World FX Awards Editorial Desk

Independent research & rankings

Our reviews follow a fixed, weighted and published methodology — regulation, cost, execution, client protections and platforms. Recognition is never sold, and licence details are verified in each regulator's official register.