eToro Review
Key Facts
Regulation
SEC · FINRA · FCA+7 more
Broker Type
Market Maker
Min. Deposit
$50
Platforms
Etoro Mobile App, Etoro Web Platform
Fees
Low
Max Leverage
1:400
Demo Account
Yes
Inactivity Fee
-
Our Ratings
4.2
out of 5
Safety & Regulation4.6
Fees & Costs4.0
Platforms & Execution4.0
Education4.5
75% of retail FX and CFD accounts lose money.
eToro - At a Glance
Company & Overview
- Headquarters
- Sheshet Hayamim 30, Bnei Brak, Israel
- International Offices
- United States, United Kingdom, Israel, Cyprus, Australia, Gibraltar, United Arab Emirates, Singapore, Malta
- Broker Type
- Market Maker
- Regulation
- SEC (United States), FINRA (United States), FCA (United Kingdom), ASIC (Australia), CySEC (Cyprus), GFSC (Gibraltar), MFSA (Malta), ADGM-FSRA (UAE), FSA (Seychelles), MAS (Singapore)
- Segregated Client Funds
- Yes
- Negative Balance Protection
- Yes
- Languages
- English, Spanish, Italian, German, Russian, Chinese (traditional), Chinese (simplified), French, Arabic, Polish, Dutch, Norwegian, Portuguese, Swedish, Czech, Malaysian, Danish, Romanian, Vietnamese, Finnish, Thai
- Customer Support
- Live Chat, Email, WhatsApp
Account Types
- Demo Account
- Yes
- Swap Free Account
- Yes
- Joint Account
- No
- Managed Account
- Yes
- PAMM / MAM Trading
- No
- Social / Copy Trading
- Yes
Account Conditions
- Minimum Deposit
- $50
- Payment Methods
- Bank Transfer, Debit cards, Credit Cards, Paypal, Skrill, Neteller, Rapid Transfer, Ideal, Klarna, Sofort Banking, Trustly, POLi, Przelewy24, Payoneer
- Account Currencies
- USD, GBP, EUR
- Maximum Leverage
- 1:400
- Bonuses
- Yes
- Contests
- Yes
Trading Conditions
- Markets & Products
- Forex, CFDs
- Minimum Lot Size
- 0.01
- Maximum Lot Size
- 200
- Decimal Pricing
- 5 decimals
- Hedging
- Yes
- Scalping
- No
Fees & Costs
- Spread Type
- Variable
- Spread From
- 1.2 pips
- Commission
- No commission (for forex trading)
Platforms & Tools
- Trading Platforms
- Etoro Mobile App, Etoro Web Platform
- API Access
- Yes
- VPS Hosting
- No
Pros & Cons
Pros
- Strong global regulatory oversight
- Wide range of global assets
- Fast and easy account opening
- Multiple fast and secure payment methods
- Low minimum deposit (varies by region)
- Negative balance protection
- Islamic (swap-free) accounts available
- Free demo account available
- Great educational resources for beginners
- Very beginner-friednly interface
- User-friendly mobile and web platforms
- Integrated social and copy trading features
- Active social community with over 30+ million active users
Cons
- $5 withdrawal fee apply
- High currency conversion fee
- Limited account currency options
- Average forex trading fees, compared to competitors
- Platform better for casual traders than long-term investors
- Customer support needs improvement
- Limited charting and technical analysis tools for professional traders
- Does not supports advanced platforms like TradingView, MT4, MT5, and cTrader
- Limited research tools
- An inactivity fee applies, after a year of account inactivity
