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eToro Review

Steven Hatzakis

Written by Steven Hatzakis
Director of Online Broker Research

Jeff Anberg

Edited by Jeff Anberg
Senior Editor

Blain Reinkensmeyer

Fact-checked by Blain Reinkensmeyer
Managing Partner

May 14, 2026
  Fact Checked
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Steven Hatzakis Steven Hatzakis
Director of Online Broker Research

Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. He is a forex industry expert and an active fintech and crypto researcher.

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.

eToro is best suited for retail investors focused on copy trading, cryptocurrency trading, or a beginner-friendly multi-asset experience. It offers 7,441 tradeable symbols spanning stocks, ETFs, forex CFDs, and over 150 cryptocurrencies, alongside one of the largest copy trading networks in the industry. Where I find drawbacks is in its pricing and order management. A spread of 1 pip for EUR/USD sits above the industry average, and stop-loss and take-profit orders can only be attached after a position is opened, not as part of the pre-trade setup.

Overall, retail investors drawn to copy trading or crypto will find eToro well-equipped. If tight spreads or advanced order management are your priorities, I'd explore alternatives with better pricing or more advanced platforms.

verified#1 for Beginners
  • Minimum Deposit: $50-$10,000
  • Trust Score: 97
  • Tradeable Symbols (Total): 7441
5.0
5/5 Stars
OVERALL SCORE
Range of Investments5/5 Stars
Trading Fees4/5 Stars
Trading Platforms4.5/5 Stars
Research4.5/5 Stars
Mobile Trading4.5/5 Stars
Education5/5 Stars

Check out ForexBrokers.com's picks for the best forex brokers in 2026.

#1 BeginnersWinner
#1 Copy TradingWinner
#1 Crypto TradingWinner
2026#9
2025#9
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2020#19
2019#13
2018#18
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Led by Steven Hatzakis, Global Director of Online Broker Research, the ForexBrokers.com research team collects and audits data across more than 100 variables. We analyze key tools and features important to forex and CFD traders and collect data on commissions, spreads, and fees across the industry to help you find the best broker for your needs.

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Table of Contents

eToro pros and cons

thumb_up_off_alt Pros

  • Beginner-friendly platforms ideal for casual traders and first-time investors.
  • Industry leader for copy trading and crypto trading, with millions of traders available to follow.
  • eToro Club VIP membership rewards higher-balance accounts with spread rebates, staking bonuses, and tiered perks up to Diamond level.

thumb_down_off_alt Cons

  • Spreads sit above the industry average; EUR/USD typically runs 1 pip.
  • Stop-loss and take-profit orders can only be added after a position is opened, not as part of the pre-trade setup.
  • No downloadable desktop platform is available for Windows or Mac.

My top takeaways for eToro in 2026:

  • Average EUR/USD spread of 1 pip on the standard account, above the industry average for major pairs.
  • Massive copy trading network with millions of traders to follow and smart portfolios, including co-managed strategies with Franklin Templeton.
  • 7,441 tradeable symbols spanning forex, stocks, ETFs, crypto, options, and futures.
  • eToro Academy underwent a major overhaul with structured courses across beginner, intermediate, and advanced levels.
  • Newly launched trading API and agentic trading capabilities open the door to algorithmic and AI-driven strategies for advanced users.

Trust Score

Developed by ForexBrokers.com and in use for nearly 10 years, Trust Score is a proprietary rating system powered by a range of unique quantitative and qualitative metrics, including each company’s number of regulatory licenses. Trust Scores range from 1 to 99 (the higher a broker’s rating, the better). Learn more.

Is eToro safe?

Trust Score
97
ForexBrokers.com

eToro is considered Highly Trusted, with an overall Trust Score of 97 out of 99. eToro is publicly traded (Nasdaq: ETOR) and does not operate a bank, but is authorised by four Tier-1 regulators (Highly Trusted), one Tier-2 regulators (Trusted), zero Tier-3 regulator (Average Risk), and one Tier-4 regulators (High Risk). eToro is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), and regulated in the European Union via the MiFID passporting system. Learn more about Trust Score or see where the different eToro entities are regulated.


Feature eToro logoeToro
Year Founded info 2007
Publicly Traded (Listed) info Yes
Bank info No
Tier-1 Licenses info 4
Tier-2 Licenses info 1
Tier-3 Licenses info 0
Tier-4 Licenses info 1

Range of investments

eToro's multi-asset lineup is one of the broadest I've tested among social trading platforms. The broker lists 7441 tradeable symbols in total, including at least 65 forex pairs, over 150 cryptocurrencies, 4,910 stocks across 26 global exchanges, 981 ETFs, 46 indices, and 69 commodity CFDs. In a practical design touch that sets eToro apart, the trade ticket lets you toggle between the underlying asset and a CFD without leaving the order window. This is very useful when switching between, for example, buying physical Bitcoin and trading a crypto CFD. Product availability varies by country of residence and the applicable eToro entity.

Cryptocurrency: eToro was one of the first global forex brokers to list Bitcoin, back in 2014, and has since expanded to over 150 cryptocurrencies including both the underlying assets and crypto CFDs. Spot Bitcoin ETFs are available in supported regions, and crypto trading runs 24/7 on the platform. eToro's dedicated eToro Money wallet app manages transfers of supported crypto assets in and out of the platform. Note: crypto CFDs are not available to retail traders from any broker's U.K. entity or to residents of the Netherlands; cryptocurrency trading at eToro is also unavailable in Russia.

Options and futures: Options trading is available across asset classes through a dedicated options tab, and I found it straightforward to switch between the main and options accounts and to transfer funds between them. Futures are available in the EU and UK, spot-quoted by CME Group, with micro-sized contracts on popular assets including Bitcoin and major indices. Copy trading is not currently supported for futures positions.

Smart portfolios: Smart portfolios are thematic, periodically rebalanced collections of assets or grouped traders, functioning like a managed fund accessible with a single trade. Institutional partnerships are a feature here; the Target 2033 Smart Portfolio, co-managed with Franklin Templeton, is one example. Each portfolio displays its underlying holdings and allocation weightings before you invest.

Available investment products

During our audit, we verified access to 7441 tradeable symbols including at least 65 forex pairs, alongside options, futures, CFDs, and exchange-traded securities spanning stocks, ETFs, indices, commodities, and crypto across globally available asset classes.

Feature eToro logoeToro
Tradeable Symbols (Total) info 7441
Forex Pairs (Total) info 65
Forex trading (Spot) info Yes
Forex trading (CFDs) info Yes
Forex trading (Options) info Yes
Forex trading (Futures) info Yes
Forex trading (Crypto) info Yes
Commodities: Agriculturals info Yes
Commodities: Oil info Yes
Commodities: Gold info Yes
Commodities: Silver info Yes
U.S. Stocks (Shares) info Yes
U.S. Stocks (CFDs) info Yes
U.S. Stocks (Crypto) info No
Global Stocks (Non-U.S. Shares) info Yes
Global Stocks (Non-U.S. CFDs) info Yes
24/5 Trading (U.S. Stocks - Shares) info Yes
24/5 Trading (U.S. Stocks - CFDs) info Yes
24/7 Trading (Crypto) info Yes
Prediction markets info No
Copy Trading info Yes
Bitcoin (BTC) info Yes
Ethereum (ETH) info Yes
Cryptocurrencies (Total) info 159
Cryptocurrency (Underlying) info Yes
Cryptocurrency (CFDs) info Yes
Cryptocurrency (Futures) info No
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).

Available funding options

Our tests confirm support for bank wire, credit and debit cards, PayPal, Skrill, Neteller, Apple Pay, Google Pay, and cryptocurrency wallet transfers. International wire deposits carry no added fee from eToro's side.

Feature eToro logoeToro
Debit card (Deposit/withdraw) info Yes
Credit card (Deposit/withdraw) info Yes
Bank Wire (Deposit/Withdraw) info Yes
Non-wire bank transfer info Yes
Apple Pay (Deposit/Withdraw) info Yes
Google Pay (Deposit/Withdraw) info Yes
Crypto (Deposit/withdraw) info Yes
Cryptocurrency (Wallet transfers) info Yes
PayPal (Deposit/Withdraw) info Yes
Skrill (Deposit/Withdraw) info Yes
Neteller (Deposit/Withdraw) info Yes

eToro fees

eToro is a market-maker broker with a typical variable EUR/USD spread of 1 pip on its standard account, which sits slightly above the industry average for major pairs. Retail traders generally don't choose eToro for its pricing; the spread premium is offset by the copy trading infrastructure, social discovery tools, and multi-asset product breadth. That said, if you trade forex at high volume or run strategies sensitive to tight pricing, the spread difference relative to lower-cost competitors will be costly.

VIP accounts: eToro Club is the broker's VIP tier program, with five membership levels based on account balance: Silver ($5,000), Gold ($10,000), Platinum ($25,000), Platinum+ ($50,000), and Diamond ($250,000 and above). A shortcut to Platinum-tier access is also available for $4.99 per month on a subscription basis. Perks scale with tier and include spread rebates on crypto trading, a higher staking yield, interest on uninvested USD cash balances, and at the Diamond tier, deposit insurance up to $1 million and airport lounge access. Availability of specific perks depends on your country of residence.

Popular Investor program: eToro's Popular Investor program is a separate incentive track for traders who share their strategy for others to copy. Four levels run from Cadet to Elite, with benefits including spread rebates and monthly payments, progressing to a management fee at Elite status. To qualify for the Cadet tier, you need at least $1,000 in account equity, $500 in assets copying your strategy, and a risk score below 7 for two consecutive months.

Cryptocurrency trading: Crypto positions at eToro carry a flat fee of 1% on each side of the trade, applied both when opening and closing a position, in addition to the prevailing spread. Crypto-to-crypto conversions cost 0.1%.

Exchange-traded securities: eToro offers zero-dollar commission for stock trading in the U.S. and U.K. and supports fractional shares. Residents of other countries may pay $1 or $2 per trade depending on the exchange. For U.K.-specific details, see our StockBrokers.com U.K. review of eToro.

Other fees: Options trading for non-U.S. residents carries a charge of $0.50 per contract. An inactivity fee of $10 per month applies once an account goes dormant. U.S. clients who maintain more than $5,000 across their eToro accounts avoid the $2 monthly clearing fee that applies to eToro USA Securities customers with smaller balances.

Trading fees

In our live pricing analysis, we observed a typical variable EUR/USD spread of 1 pip with no commission on forex trades; additional costs including overnight carry charges and the 1% crypto flat fee apply depending on instrument type and holding period.

Feature eToro logoeToro
Average spread (EUR/USD) - Standard account info 1
Average spread (EUR/USD) - Active trader account info N/A
Commission per trade (EUR/USD) - Standard account info N/A
Commission per trade (EUR/USD) - Active trader account info N/A
Inactivity Fee info Yes
International Wire Fee info 0
Minimum Deposit info $50-$10,000

Account types

We confirmed the availability of standard, professional, Islamic, and VIP (eToro Club) account types during our evaluation; eToro does not offer a commission-based raw-spread or ECN account.

Feature eToro logoeToro
Variable Spreads info Yes
Fixed Spreads info No
Active Trader Program info Yes
VIP/Premium Account info Yes
Professional Account info Yes
Islamic Account info Yes

Mobile trading apps

I spent considerable time in the eToro mobile app across both Android and iOS and found it one of the most feature-complete social trading apps on the market. The interface closely mirrors the web platform in design and capability, making transitions between desktop and mobile easy. For most retail traders, the app works as a fully viable primary trading platform.

Navigation: Five dedicated bottom navigation tabs (Home, Watchlist, Portfolio, Discover, and Wallet) keep the core sections immediately accessible. Watchlists sync across devices, though a logout-login cycle is required to trigger a refresh. The Discover tab stands out: its sub-categories let you filter not just by asset class but also by other traders in the network available to copy, treating community members almost like investable instruments. The economic calendar is accessible only via the expanded side panel rather than surfaced in the default shortcuts, which makes it harder to find than it should be.

Charting: Charts are powered by TradingView and support 104 indicators. You can save a chart template with preferred indicators applied, and that template syncs with the web platform, which I found useful. No drawing tools are available on mobile despite TradingView's extensive drawing support on the web version. Nine timeframes span 1-minute to weekly, with no sub-minute or monthly options for traders who need finer granularity.

Order management: The most significant limitation in the app is that stop-loss and take-profit orders can only be applied after a position is already open, not as part of the pre-trade setup. Most brokers let you set these controls before placing a trade. For active day traders, an unprotected open position in a fast-moving market is a real risk. Risk-reward visuals do appear when modifying an existing position, but not at the point of trade entry where they matter most.

Copy trading and discovery: This is where the app is strongest. Adding traders to a watchlist, reviewing performance statistics and open positions, and configuring the balance percentage to allocate to a specific investor all work well. Smart portfolios including institutional co-managed offerings are also accessible from the app. The Discover tab's social feed surfaces trending assets and community trade updates, adding a discovery layer that goes beyond what most trading apps offer.

eToro

eToro's mobile app extends its social trading approach to options with the Options Trade Feed, displaying real-time trades made by community members. Each entry shows the trader's username, the action taken (bought call or bought put), the underlying symbol (NIO, NVDA, SPY), strike price, and expiration date, letting users see what others are trading as it happens. The top navigation allows quick switching between Stocks, Crypto, ETFs, CopyTrader, and Options tabs.

Cryptocurrency wallet: eToro Money, the brand's dedicated wallet app, functions separately from the main platform and enables deposits, withdrawals, and transfers of supported crypto assets. Its interface mirrors the main eToro app. Note: eToroX, the brand's crypto exchange, is no longer available to retail clients.

Available mobile platforms and tools

In our hands-on testing, we found 104 built-in TradingView charting indicators in the eToro mobile app, alongside a deep copy trading discovery layer and synced watchlists, though drawing tools are absent and stop-loss orders cannot be placed before a trade is opened.

Feature eToro logoeToro
Proprietary Mobile Trading App info Yes
Android App info Yes
Apple iOS App info Yes
Mobile Price Alerts info Yes
Mobile Charting - Draw Trendlines info Yes
Mobile Charting - Trendlines Autosave info No
Mobile Charting - Indicators / Studies info 104
Mobile Charting - Indicators Autosave info Yes
Mobile Watchlists - Column Filtering info Yes
Mobile Watchlists - Column Customization info Yes
Mobile Watchlists - Create & Manage info Yes
Mobile Watchlists - Syncing info Yes

Trading platforms

eToro's defining proposition is merging self-directed trading and copy trading under a single web interface. There is no MetaTrader and no downloadable desktop client for Windows or Mac. What you get is a proprietary web platform refined over nearly two decades for retail investors who want to trade, invest, and follow others without the overhead of a professional-grade terminal.

Navigation and customization: The web platform features a collapsible left-side navigation panel with clearly labeled sections and sub-tabs. The layout is fixed and non-modular. You cannot rearrange windows or link chart panels the way a more professional terminal supports. Customization is limited to light or dark mode and a default landing page. For eToro's target audience, this is a deliberate design choice rather than a gap.

A screenshot of eToro

eToro's Explore Crypto section ranks cryptocurrencies by market cap alongside a CoinFi Signal column showing Hold or Sell recommendations based on technical indicators. A token carousel at the top and global market cap figure add market context at a glance.

Charting via TradingView: Charts are powered by TradingView and include 106 indicators. ProCharts, available to Silver-tier eToro Club members, enables simultaneous multi-chart analysis on multi-monitor setups, and saved chart layouts including applied indicators sync across devices and instruments. That said, trading directly from the chart is not supported. Positions appear as markers but cannot be modified by dragging stop-loss or take-profit levels. Nine timeframes run from 1-minute to weekly, with no sub-minute or monthly options.

Order management: Stop-loss and take-profit orders can only be set on a mid-trade basis, after a position is already open. The platform supports market orders, limit entry orders, and a trailing stop-loss applied post-trade. There are no OCO or OTO order types available, and no depth of market accessible. For scalpers or active day traders, this is a meaningful constraint. That said, one useful feature is the ability to switch between the underlying asset and a CFD within the order ticket itself, particularly when trading crypto.

API and agentic trading: eToro recently launched a trading API, opening the door to programmatic execution and third-party tool integration. More recently, the broker announced agentic trading capabilities, letting users connect an AI agent to their account to execute thesis-driven strategies, react to external data feeds such as earnings releases, and rebalance portfolios based on predefined rules. A planned App Store for third-party developers will expand this further. These are early-stage features, but they represent a meaningful evolution for technical users.

Copy trading: The web platform is the optimal environment for exploring eToro's copy trading ecosystem. You can filter millions of traders by risk score, analyze performance statistics, review open positions, and allocate a specific balance percentage to copy. Fully automated trading systems are not permitted at eToro, however. Traders in the network place each trade manually, which is a meaningful trust signal when evaluating who to follow. Smart portfolios can also be monitored and configured from the web interface.

Steven's expert take

"The ability to add other traders to your watchlist and treat them almost like investable assets isn't something I've seen replicated anywhere else. eToro's Discover tab functions as a screener for both markets and people simultaneously, which is highly innovative."

Steven Hatzakis
Director of Online Broker Research

Steven_headshot_170x170.png

Available trading platforms and features

Our platform walkthrough verified 106 TradingView-powered charting indicators, including ProCharts for multi-monitor setups and chart layout syncing across devices, though drag-to-modify chart trading and pre-trade stop-loss placement are not currently supported.

Feature eToro logoeToro
Desktop Platform (Windows) info No
Desktop Platform (Mac) info No
MetaTrader 4 (MT4) info No
MetaTrader 5 (MT5) info No
FX Blue info No
Proprietary Desktop Trading Platform info Yes
Proprietary Web Trading Platform info Yes
TradingView info No
cTrader info No
Algorithmic trading info No
API Access info Yes
Charts can be saved info Yes
Client sentiment data info Yes
Trading Signals info Yes
Price Alerts info Yes
Virtual Private Server (VPS) info No
Virtual Trading (Demo) info Yes
Charting - Indicators / Studies (Total) info 106
Charting - Trade From Chart info Yes
Charting - TradingView info Yes

Available order types

We verified the availability of market, limit, and stop orders alongside a trailing stop-loss within the trade ticket; stop-loss and take-profit orders cannot be set before a position is opened, which is a notable limitation relative to most competing platforms.

Feature eToro logoeToro
Order Type - Market info Yes
Order Type - Limit info Yes
Order Type - Stop info Yes
Order Type - Trailing Stop info Yes
Order Type - OCO info No
Order Type - OTO info No
Order Type - GSLO info No

Research

eToro's research offering has improved noticeably year over year and now represents a relatively strong range of analysis and tools. The combination of third-party data tools and in-house analyst content produces a capable research workflow, and I found the breadth of coverage across asset classes and formats to be competitive.

News and market analysis: News headlines are aggregated by CityFalcon from top-tier sources including CNBC, FXStreet, Finbold, Benzinga, and CoinDesk, and are presented asset-specifically under the News tab for each instrument. In-house analyst content includes daily market commentary articles and videos, quarterly investment outlooks, and original series including Digest and Invest, Market Bites, Trader Talks, and Loud Investing. Podcasts are available on Spotify under the eToro channel. Some older series have not been updated recently and may have been discontinued, but the active programming is substantial in both breadth and format variety.

A screenshot of eToro

eToro's YouTube channel spans 127K subscribers and more than 630 videos across several branded series, including Real Investors Real Journeys, Market Bites, Trader Talks, and Loud Investing. Content ranges from short community profiles and stock-specific analysis to longer-form market commentary, extending the research offering well beyond the platform.

TipRanks and CoinFi: TipRanks is integrated directly into the platform and provides analyst consensus, price targets, and ratings for supported stock assets. For crypto assets, CoinFi supplies a technical analysis summary based on a confluence of eight indicators including RSI, stochastics, and exponential moving averages. These tools are available to funded account holders and add meaningful analytical depth, particularly for equity and crypto research. There is no comparable analysis tool for forex pairs beyond the integrated news tab.

Economic calendar and sentiment: The economic calendar covers global economic events and earnings releases, though it lacks forecast and consensus figures alongside the event labels, which limits its utility compared to more detailed calendars at other brokers. Sentiment data at eToro is drawn from the trade activity of top performers in the network rather than all users, which I consider a more reliable signal than raw client positioning data. The social wall feed provides a real-time stream of community posts and trade updates, filterable by language.

Available research tools

Our analysis found CityFalcon-aggregated news, integrated TipRanks stock research, CoinFi crypto analysis, and an active in-house content series spanning articles, videos, and podcasts, though Autochartist, Acuity Trading, and Trading Central are not available.

Feature eToro logoeToro
Forex News (Top-Tier Sources) info Yes
Daily Market Commentary (Articles) info Yes
Daily Market Commentary (Videos) info Yes
Economic Calendar info Yes
Research - Earnings Calendar info Yes
Acuity Trading info No
Autochartist info No
TipRanks info Yes
Trading Central info No
Mobile Research - News info Yes
Mobile Research - Economic Calendar info No
Mobile Research - Market Movers info Yes

Education

eToro's education offering has undergone a significant overhaul and now ranks among the strongest I've reviewed for a retail trading platform. The eToro Academy delivers structured courses organized by asset class and experience level, with content that goes well beyond surface-level introductions into actual trading education. This improvement is one of the clearest year-over-year progress stories among the brokers I evaluate annually.

Course structure: The Academy features courses organized by theme (stocks, crypto, forex, ETFs) and by experience level (beginner, intermediate, advanced), with each course broken into multiple lessons. Instructors including Sam North and Justin Freeman bring meaningful financial markets experience to the course content. Progress tracking is visible through a percentage bar in each course, though the implementation could be better. Navigating away and returning sometimes requires re-orientation rather than a clean resumption, and the ability to skip sections makes it easy to browse without fully engaging.

A screenshot of the eToro Academy

eToro Academy's Advanced Trading Strategies course shows the structured lesson format, with key concepts highlighted and a progress tracker showing 17% completion. Written content, illustrative images, and end-of-lesson quizzes give the experience more shape than a standalone article or video.

Platform tutorials and video library: eToro dedicates more than 20 videos to platform basics through its eToro Basics playlist, covering copy trading fundamentals, order placement, and account features. The YouTube channel supplements this with over 600 total videos since inception, including archived webinars, market analysis, and product explainers. I found the mix of research, promotional, and educational content could benefit from clearer categorization to help beginners identify relevant material quickly.

Quizzes and interactivity: Quizzes appear at the end of course sections, though the difficulty level is modest. Questions such as "What defines a trader?" or asking which of three options best describes behavioral finance set a low bar and do not require learners to engage closely with the material. Raising quiz rigor would strengthen the learning outcome without undermining the beginner-friendly positioning that has made eToro's Academy competitive.

Available educational offerings

We found a substantially revamped eToro Academy with structured, multi-level courses, over 20 platform tutorial videos, regular webinars, and an active YouTube library; raising quiz difficulty would strengthen engagement with the course materials.

Feature eToro logoeToro
Education (Forex) info Yes
Education (CFDs) info Yes
Education (Crypto) info Yes
Education (Stocks) info Yes
Education Area (Website) info Yes
Education Area (Mobile App) info Yes
Webinars info Yes
Videos - Beginner Trading Videos info Yes
Videos - Advanced Trading Videos info Yes

Final thoughts

eToro makes it easier than almost any other platform for retail investors to participate in copy trading, explore multi-asset markets, and benefit from the collective activity of millions of traders. Spreads that sit above the industry average and the absence of pre-trade stop-loss placement prevent it from competing head-to-head with tighter-priced brokers for active forex and CFD trading. For beginners, copy traders, and crypto investors, eToro is a standout choice and earned first place for copy trading in our 2026 Annual Awards, a ranking that reflects the depth and scale of what the platform has built over nearly two decades.

eToro's Star Ratings

Feature eToro logoeToro
Overall Rating info 5/5 Stars
Trust Score info 97
Range of Investments 5/5 Stars
Trading Fees 4/5 Stars
Trading Platforms 4.5/5 Stars
Research 4.5/5 Stars
Mobile Trading 4.5/5 Stars
Education 5/5 Stars

ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Here's how we test.

Getting started

What is eToro?

eToro is a global online trading platform that lets you buy and sell a wide range of assets, including stocks, forex, crypto, ETFs, and more. One of its main features is copy trading, which lets you automatically replicate the trades of experienced investors. This makes it a strong starting point for new traders.

eToro is considered a market maker broker, meaning it acts as the counterparty to your trades. Depending on your account location and the asset being traded, eToro may also operate in an agency capacity by routing orders to external liquidity providers.

Regulated in several major jurisdictions, eToro carries one of the higher Trust Scores in our broker database and has been a publicly traded company (Nasdaq: ETOR) since 2025.

How to open an account with eToro

Opening an eToro account is quick and beginner-friendly. The entire process can be completed online in just a few minutes. Here's how to get started:

  1. Visit eToro's website or download the mobile app. You can sign up from your desktop browser or directly through the eToro mobile app on iOS or Android.
  2. Create your account. Register using your email address, Google, or Apple account. You'll be asked to create a password and accept the platform's terms and conditions.
  3. Verify your identity. As part of eToro's regulatory requirements, you'll need to upload a government-issued ID (such as a passport or driver's license) and proof of address. This step helps protect your account and ensures compliance with financial regulations.
  4. Answer a few quick questions. eToro asks short questions about your trading experience and financial knowledge to help tailor tools and risk warnings appropriately.
  5. Fund your account. Once verified, you can make your first deposit using a method such as a bank transfer, PayPal, or credit/debit card. Minimum deposits typically start from $50, depending on your country of residence.

After funding your account, you'll gain access to eToro's trading dashboard, where you can browse assets, follow experienced traders, and explore copy trading and smart portfolios. Note that the range of available markets and features may vary depending on your country of residence and the eToro entity that holds your account.

How to buy and sell on eToro

Buying and selling assets on eToro is designed to be intuitive, even for first-time traders. Here's how to place your first trade:

  1. Search for an asset. Use the search bar at the top of the platform to find what you want to trade, such as Bitcoin (BTC), Apple (AAPL), or EUR/USD.
  2. Open the trade window. Click "Trade" next to the asset. A trade ticket will appear showing the current price and options for buying or selling.
  3. Decide how much to invest. Enter a dollar amount or the number of units you'd like to trade. eToro supports fractional trading, so you can start with small amounts.
  4. Choose Buy or Sell. Buy if you believe the price will rise. Sell if you expect it to fall (shorting is available through CFDs where permitted).
  5. Review and place your trade. Double-check your details, then click "Open Trade." Once live, monitor performance from your Portfolio tab. You can add a stop-loss or take-profit by editing the open position after it is placed.

eToro's clean layout and straightforward trade ticket make it an ideal platform for learning the basics of buying and selling.

Start with an eToro demo account

If you're not ready to risk real money, eToro offers a free demo account loaded with $100,000 in virtual funds, letting you practice trading and test strategies in a real-time market environment. Switching between live and demo accounts is seamless from within the platform on both web and mobile.

FAQs

Is eToro safe?

eToro is trusted by more than 30 million traders worldwide and is licensed to hold client funds and operate as a broker in multiple countries. Founded in 2007 and publicly traded since 2025 (Nasdaq: ETOR), it is regulated across multiple tier-1 jurisdictions including the FCA in the U.K., ASIC in Australia, MAS in Singapore, CySEC in Cyprus, and the MFSA in Malta, earning a Highly Trusted rating for forex and CFD trading.

Factors that determine trust in financial services include proper regulatory licensing, operational history, adequate financial capital to ensure solvency, and a record of client service. In all of these areas, eToro has demonstrated the consistency you'd expect from a long-established, publicly traded broker.

Is eToro really free?

The cost of eToro's copy-trading service is incorporated into its spreads. While there are no explicit commissions on most trades, you will still incur trading costs in the form of the bid/ask spread on each transaction, plus overnight carry charges for positions held past the daily rollover.

All online brokers make money by charging commissions, spreads, or a combination of both. eToro's model leans on spread-based revenue plus the 1% flat fee on physical crypto trades and a $10 monthly inactivity fee for dormant accounts.

Is eToro good for beginners?

Yes, eToro is a strong choice for beginner forex traders. Its platform is easy to learn and not overly complex, and the copy trading feature lets new investors observe and replicate the strategies of more experienced traders while they build their own knowledge.

One area where beginners should take care is in selecting who to copy. Looking beyond raw returns to consider a trader's risk score, drawdown history, average holding time, and number of weekly trades will lead to better decisions than following recent performance alone.

How does leverage work with eToro?

Leverage allows you to control a larger position size with a smaller deposit. On eToro, the maximum leverage available depends on your location and the asset you're trading. Under Tier-1 regulators such as the FCA, CySEC, and ASIC, retail accounts are capped at 1:30 for major forex pairs, with lower limits for minor pairs, commodities, and crypto. Professional clients and users under offshore entities may access leverage up to 1:400.

Leverage amplifies both gains and losses, so it's important to understand the risks before using it and to set appropriate risk management parameters for each trade.

What cryptocurrencies are available at eToro?

eToro offers more than 150 cryptocurrencies, including popular assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), Dogecoin (DOGE), and Ripple (XRP). Both the actual cryptocurrencies and crypto-based CFDs are available, depending on your region and account type. Newly approved spot Bitcoin ETFs are also available in supported regions. Crypto trading runs 24/7 on the platform.

Is eToro available in the United States?

eToro is available in the U.S. through eToro USA Securities, which is registered with FINRA and SIPC. However, eToro USA operates under different domestic regulations and does not offer forex trading or leveraged CFDs to U.S. residents. U.S. clients can trade real stocks, ETFs, crypto, and options through the U.S. entity. Copy trading availability for U.S. residents may also be subject to restrictions.

Our testing

Why you should trust us

Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA).

All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.

Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Click here to learn more about how we test.

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At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).

Mobile testing is conducted on modern devices that run the most up-to-date operating systems available:

  • For Apple, we use MacBook Pro laptops running macOS 15.3, and the iPhone XS running iOS 18.3.
  • For Android, we use the Samsung Galaxy S20 and Samsung Galaxy S23 Ultra devices running Android OS 15.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser.

Our researchers thoroughly test a wide range of key features, such as the availability and quality of watch lists, mobile charting, real-time and streaming quotes, and educational resources – among other important variables. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.

Article Resources

eToro Regulation, eToro Learning Academy, eToro YouTube channel

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About eToro

An early pioneer in social copy trading, eToro was founded in Israel in 2007 and has grown to serve more than 40 million registered users across more than 75 countries. The company became publicly traded in 2025 (Nasdaq: ETOR) and reported $18.4 billion in assets under administration as of Q2 2025. eToro is regulated across multiple tier-1 jurisdictions including the FCA (U.K.), ASIC (Australia), MAS (Singapore), CySEC (Cyprus), and MFSA (Malta), as well as the DFSA in the UAE and the FSA in the Seychelles. The platform continually evolves its product offering, having added options trading, futures, a trading API, agentic trading capabilities, and a revamped eToro Academy in recent years.


About the Editorial Team

Steven Hatzakis

Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

Jeff Anberg

Jeff Anberg is a Senior Editor at ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.

Blain Reinkensmeyer

Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.

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