FBRForex Broker Rating
Gerald Stratton
Written by Gerald Stratton
Broker Analyst
Updated
eToro logo

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

Our Ratings

4.2
out of 5
Safety & Regulation4.6
Fees & Costs4.0
Platforms & Execution4.0
Education4.5
VISIT ETORO

75% of retail FX and CFD accounts lose money.

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

eToro - At a Glance

Trading Conditions

Broker Type
Market Maker
Minimum Deposit
$50
Maximum Leverage
1:400
Spread Type
Variable
Spread From
1.2 pips
Commission
No commission (for forex trading)
Decimal Pricing
5 decimals
Minimum Lot Size
0.01
Maximum Lot Size
200
Hedging
Yes
Scalping
No
Assets Offered
Forex, CFDs

Account Types

Demo Account
Yes
Swap Free Account
Yes
Managed Account
Yes
PAMM / MAM Trading
No
Joint Account
No
Social / Copy Trading
Yes
Bonuses
Yes
Contests
Yes

Platforms & Tools

Trading Platforms
Etoro Mobile App, Etoro Web Platform
One Click Trading
Yes
OCO Orders
No
Trailing Stop Loss
Yes
API Access
Yes
VPS Hosting
No

Company

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
Headquarters
Sheshet Hayamim 30, Bnei Brak, Israel
International Offices
United States, United Kingdom, Israel, Cyprus, Australia, Gibraltar, United Arab Emirates, Singapore, Malta
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
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
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VISIT ETORO

75% of retail FX and CFD accounts lose money.