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TickmilleToro Forex Review
Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Blain Reinkensmeyer
Steven HatzakisSteven 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 a winner for its easy-to-use copy-trading platform where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies. I find eToro to be an excellent choice for those focused on copy trading or crypto, though active or high-volume traders might wish to seek out platforms with lower spreads.
With over 5,000 tradeable symbols, including CFDs, forex, crypto, and exchange-traded securities, eToro offers a comprehensive — albeit slightly pricey — trading experience.
-
Minimum Deposit:
$50-$10,000 -
Trust Score:
96 -
Tradeable Symbols (Total):
5461
| Range of Investments | |
| Commissions & Fees | |
| Platforms & Tools | |
| Research | |
| Mobile Trading | |
| Education |
Check out ForexBrokers.com's picks for the best forex brokers in 2025.
| #1 Copy Trading | Winner |
| #1 Crypto Trading | Winner |
| #1 Ease of Use | Winner |
| 2025 | #9 |
| 2024 | #9 |
| 2023 | #9 |
| 2022 | #10 |
| 2021 | #9 |
| 2020 | #19 |
| 2019 | #13 |
| 2018 | #18 |
| 2017 | #13 |
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Table of Contents
eToro pros & cons
Pros
- User-friendly platforms are great for casual traders and beginners.
- Excellent choice for copy trading and crypto trading.
- VIP-style perks are available to eToro Club members.
Cons
- eToro is slightly pricier than most of its competitors.
- Algo trading strategies are not supported.
- Mandatory stop-loss and take-profit orders may hinder certain trading strategies.
- Trading Central is only available to eToro Club members.
My top takeaways for eToro in 2025:
- eToro is excellent for copy trading and cryptocurrency trading.
- Fantastic for ease of use thanks to its user-friendly web platform and the eToro mobile app that is great for casual and beginner investors.
- eToro offers spot Bitcoin ETFs, in addition to a handful of popular crypto assets in the U.S.
- eToro has significantly expanded its educational content with new courses and an extensive selection of materials as part of its eToro Academy offering.
- Trading Central research and tools are only available to certain eToro Club members who have reached higher Club tiers.
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?
eToro is considered Highly Trusted, with an overall Trust Score of 96 out of 99. eToro is not publicly traded, does not operate a bank, and is authorised by three Tier-1 regulators (Highly Trusted), one Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (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
|
|---|---|
| Year Founded | 2007 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 3 |
| Tier-2 Licenses | 1 |
| Tier-3 Licenses | 0 |
| Tier-4 Licenses | 1 |
Range of investments
eToro offers a total of 5461 tradeable symbols. The following table summarizes the different investment products available to eToro clients.
Usability: As a multi-asset broker, eToro goes above and beyond to make the experience smooth for traders. For example, eToro provides the ability to select between trading CFDs and the underlying assets directly from the trade-ticket window. A subtle feature, but very useful. eToro also recently added options trading to its range of instruments that you can trade across asset classes as part of its multi-asset brokerage offering.
Cryptocurrency: Cryptocurrency trading is available at eToro through CFDs and through trading the underlying asset (e.g. buying Bitcoin). eToro also offers the newly-approved spot Bitcoin ETFs. With its large number of crypto assets – both CFDs and the underlying assets – eToro was our No. 1 broker for Crypto Trading in our 2025 Annual Awards.
Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to residents of the U.K. or the Netherlands. In addition, cryptocurrency trading at eToro is not available in Russia.
| Feature |
eToro
|
|---|---|
| Forex Trading (Spot or CFDs) | Yes |
| Tradeable Symbols (Total) | 5461 |
| Forex Pairs (Total) | 55 |
| U.S. Stock Trading (Non CFD) | Yes |
| Int'l Stock Trading (Non CFD) | Yes |
| Social Trading / Copy Trading | Yes |
| Cryptocurrency (Physical) | Yes |
| Cryptocurrency (Derivative) | Yes |
| 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). |
eToro fees
eToro is a market-maker broker and lists a typical variable spread of 1 pip on the EUR/USD, which is slightly higher than the industry average. Considering its trading fees, retail traders don't choose eToro for its spreads, but rather for its social copy trading platform capabilities.
VIP accounts: eToro offers a VIP club (called eToro Club) with five tiers of membership that range from Silver to Diamond. These tiers are for traders who maintain balances between $5,000-$250,000 and feature varying benefits depending on the level of membership. VIP perks range from access to Trading Central, to discounted withdrawal and deposit fees, to a dedicated account manager – among other VIP-style benefits.
Popular Investor program: eToro's Popular Investor program (for traders who allow other investors to copy their strategy) has four levels – ranging from Cadet to Elite – where traders can become eligible for various perks. To qualify for the Cadet tier you must have more than $1,000 in account equity, attract $500 in customer assets that copy your strategy, and maintain a risk score below 7 for at least two months. Benefits available to Popular Investors include spread rebates, monthly payments, and even a management fee for those who reach elite status.
Cryptocurrency trading: Overall, eToro’s pricing is close to the industry average for trading physical cryptocurrency. For each buy and sell position, users pay a single fixed fee of 1% (on top of the spread) on each side of the trade (both when opening and closing a position).
While trading bitcoin has become a little more expensive (when compared to its prior pricing at 0.75%), eToro has leveled the playing field on nearly 200 crypto assets with its 1% flat rate commission, which can be helpful when trading emerging cryptocurrencies that would have otherwise been more expensive (on its previous fee schedule).
Meanwhile, converting from crypto to crypto at eToro only costs 0.1% (in addition to prevailing spreads).
Exchange-Traded Securities: In addition to trading CFD shares, eToro also offers zero-dollar commission for stock trading to residents of the U.S. and the U.K. and supports fractional shares. Residents of other countries may have to pay a $1 or $2 commission depending on the exchange. To learn more, see our UK.StockBrokers.com review of eToro.
| Feature |
eToro
|
|---|---|
| Minimum Deposit | $50-$10,000 |
| Average Spread EUR/USD - Standard | 1 |
| All-in Cost EUR/USD - Active | N/A |
| Active Trader or VIP Discounts | Yes |
| ACH or SEPA Transfers | Yes |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
| Bank Wire (Deposit/Withdraw) | Yes |
Mobile trading apps
eToro offers an excellent mobile experience. The ease-of-use factor is high, and eToro delivers nearly all the same features across both its web platform and its mobile app, which multi-device clients will appreciate.
Apps overview: eToro provides two mobile apps: the eToro app and eToro Money for crypto and money transfers. Both apps are available on Google Play for Android, and Apple App Store for iOS devices. eToro also offers Delta, an app for digital assets which includes Non-Fungible Tokens (NFTs).
Ease of use: Testing on Android, I found that the eToro mobile app maintains the look and feel of the web version, including useful functions such as dark and light mode themes, and synced watchlists that help to unify the platform experience across devices.
The watchlist on the eToro mobile app shows popular assets for trading.
Charting: Like the rest of the mobile app, the charts are responsive and closely match the web platform experience, though just five indicators are present compared to 67 on the web. Drawing tools are missing from the app entirely and would be a welcome enhancement to an otherwise cleanly-designed and well-integrated mobile app.
Cryptocurrency wallet: The eToro wallet, known as eToro Money, is a separate mobile app where users can deposit and withdraw money and actual cryptocurrencies. The eToro Money Wallet closely resembles the look and feel of the eToro mobile app, and includes support for social trading.
Note: While crypto trading services are available for investors on the eToro platform, it should be noted that eToroX – the brands crypto exchange – is no longer available to retail clients.
| Feature |
eToro
|
|---|---|
| Android App | Yes |
| Apple iOS App | Yes |
| Mobile Alerts - Basic Fields | Yes |
| Watchlist Syncing | Yes |
| Mobile Charting - Draw Trendlines | No |
| Mobile Charting - Multiple Time Frames | Yes |
| Mobile Economic Calendar | No |
| Mobile Charting - Indicators / Studies | 104 |
Trading platforms
eToro's main innovation is merging self-directed trading and copy trading under a unified trading experience. It is a winning combination. See our guide to the best copy trading platforms.
Platforms overview: Ease of use and simplicity of design are at the heart of the eToro web platform experience, and carrying out basic operations is straightforward and painless. Traders gain access to functions such as the ability to create watchlists, as well as the option to add instruments simply by searching available markets. These design qualities helped eToro win #1 Ease of Use and rank Best in Class for the Beginners category in our 2025 Annual Awards.
Charting: The full functionality of eToro’s charting truly comes alive when you launch its ProCharts setting. ProCharts comes with 66 indicators, 13 drawing tools and the ability to save and choose from predefined layouts.
Trading tools: Another innovative tool from eToro is its CopyPortfolios feature, which groups traders into single funds for copy trading. CopyPortfolios help to bridge the gap for investors who want to use eToro on a passive basis, as they can create a portfolio based entirely on one or more CopyPortfolios. On the other hand, self-directed traders can also use CopyPortfolios to diversify their trading, making it a potentially useful tool for all eToro clients.
Cryptocurrency tools: eToro users can find crypto-trading ideas and copy other individuals or groups of traders across 108 supported cryptocurrency pairs. Investors looking to withdraw underlying crypto assets from their eToro account can use the eToro Mobile wallet app. This app acts as a custodian with a multi-signature scheme and closely mirrors the brand's forex mobile app.
A watchlist of different popular cryptocurrencies on the eToro web trading platform that includes support for copy trading.
Copy trading structure: Fully automated trading systems (i.e. algo trading) such as those supported on MetaTrader are not permitted at eToro. Therefore, when you copy another trader on eToro, you can be sure they are placing each trade manually. This is quite useful to know, as many other social trading platforms that aggregate the performance of traders usually permit discretionary (manual) trading as well as automated strategies.
| Feature |
eToro
|
|---|---|
| Virtual Trading (Demo) | Yes |
| Proprietary Platform | Yes |
| Desktop Platform (Windows) | No |
| Web Platform | Yes |
| Social Trading / Copy Trading | Yes |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
| DupliTrade | No |
| ZuluTrade | No |
| Charting - Indicators / Studies (Total) | 104 |
| Charting - Drawing Tools (Total) | 161 |
| Charting - Trade From Chart | No |
| Watchlists - Total Fields | 6 |
Research
eToro's research offering is competitive and continues to improve year-over-year. The addition of weekly video updates that include market analysis alongside research articles from in-house analysts has elevated eToro's research offering, bringing it into closer competition with the best brokers for market research.
Research overview: eToro offers a standard economic calendar, an earnings reports calendar, news headlines, daily market analysis series, and podcasts. That said, several of these features are not directly integrated into the eToro platform. Trading Central is also available, but is not offered to all clients – it’s reserved for eToro club members that have reached a specific tier status. There are also research reports for stocks available to funded account holders. eToro has the distinction of being one of the first brokers to integrate TipRanks, a superb resource for research on the other asset classes the broker offers besides forex.
Market news and analysis: eToro does an excellent job incorporating fundamental analysis into its platform for shares trading, and in the daily articles posted to eToro’s blog. However, the lack of technical analysis leaves eToro falling behind category leaders such as IG and Saxo, and is a feature that would improve eToro’s Analyst Weekly series of articles. It's worth noting that eToro has made considerable progress in this category, with the addition of eToro Plus, Digest & Invest, Trader Talks, and its Weekly Crypto Roundup series.
A screengrab of recent Digest & Invest podcasts with leading technical analysis.
Sentiment data: Only the trades of top traders at eToro are used to calculate sentiment data, rather than showing sentiment based on data from all users. This takes it a step above the usual sentiment tools brokers provide, and is similar to how CMC Markets displays this data.
Wall newsfeed: eToro uses a Twitter-style wall feed of collective commentary for each given instrument. This public feed appears as a stream of updates from other eToro users, designed to give you an idea of what other traders are posting about in the eToro network. As the content is sourced by eToro users, it can vary in quality. It is certainly unique; that said, I find content that is generated by in-house staff or from third-party professionals to generally be of higher quality.
| Feature |
eToro
|
|---|---|
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | No |
| Autochartist | No |
| Trading Central (Recognia) | Yes |
| Social Sentiment - Currency Pairs | Yes |
Education
eToro's Learning Academy offers a great balance of educational content including videos, articles, webinars. It also recently revamped its Academy offering by adding new courses. Overall, eToro has made significant progress in this category, and the addition of new courses and content on the eToro Academy helped eToro earn Best in Class honors for Education in our 2025 Annual Awards.
Learning center: eToro offers an online trading academy containing dozens of videos and articles that are organized by category and experience level. While eToro has made significant progress with the introduction of dedicated courses, it was hard to distinguish a course from a guide even with the added quizzes at the end, and I believe there is still room for improvement on the major progress it has already made.
Integrated educational tidbits: eToro provides extra details for beginners next to each symbol available within its platform, such as information about trading instruments (like the EUR/USD currency pair), and general facts to consider before investing.
The landing screen to the course description and overview of a typical beginner's educational lesson on the eToro platform.
Room for improvement: eToro has a decent number of videos on its YouTube channel, including archived webinars and market analysis, but I found it hard to distinguish between research, promotional, and educational videos. Organizing educational content by playlist and separating platform tutorials from financial market education would help to balance eToro’s video content in this category.
| Feature |
eToro
|
|---|---|
| Education (Forex or CFDs) | Yes |
| Client Webinars | Yes |
| Client Webinars (Archived) | Yes |
| Videos - Beginner Trading Videos | Yes |
| Videos - Advanced Trading Videos | Yes |
| Investor Dictionary (Glossary) | Yes |
Final thoughts
eToro is great for retail traders who want to crowdsource investment ideas using the power of copy trading, or for highly-experienced active traders who want to be rewarded for sharing their ideas with other traders.
Less experienced traders that require some degree of handholding may find the user-friendly platform an added benefit. Algo trading is not supported at eToro.
Steven's expert take
"I do not recommend eToro for active or high-volume traders, as higher spreads and small maximum trade sizes will be a limiting factor (unless you want other investors to copy your strategy)."
eToro is an excellent choice for copy trading and crypto trading, earning first place ranking for both categories in our 2025 Annual Awards.
eToro Star Ratings
| Feature |
eToro
|
|---|---|
| Overall Rating |
|
| Trust Score | 96 |
| Range of Investments |
|
| Commissions & Fees |
|
| Platforms & Tools |
|
| Research |
|
| Mobile Trading |
|
| Education |
|
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.
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.
How we tested
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.
ForexBrokers.com 2025 Annual Awards
For the ForexBrokers.com 2025 Annual Awards, brokers were evaluated against ForexBrokers.com’s 8 Primary Categories: Commissions & Fees, Range of Investments, Platforms & Tools, Mobile Trading Apps, Research, Education, Trust Score, and Overall.
Best in Class honors were awarded to the Top 7 forex brokers in each of the following areas: Beginners, Copy Trading, Ease of Use, MetaTrader, TradingView, Algo Trading, Crypto Trading, and Professional Trading.
Category awards
| Rank #1 | Streak #1 | Best in Class | Best in Class Streak | |
| Education | 2 | |||
| Copy Trading | 8 | 8 | ||
| Crypto Trading | 7 | 8 | ||
| Ease of Use | 3 | 7 | ||
| Beginners | 6 |
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 as a financial trading technology developer. After launching its first product, it has since grown to service over 32 million registered users with an innovative platform that continually evolves to be one of the largest social networks globally, with clients in over 140 countries, and $7.5 billion in assets under administration. eToro has added ESG scores for over 2,700 tradeable stocks.
About the Editorial Team
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).
John Bringans is the Managing Editor at ForexBrokers.com. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
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.