eToro Review
Overall Rating
4.2 / 5
Fees
4.0 / 5
Safety
4.6 / 5
Platforms
4.0 / 5
Education
4.5 / 5
Min. deposit
$50
eToro — At a Glance
- 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)
- Broker Type
- Market Maker
- 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
- Assets Offered
- Forex, CFDs
- Trading Platforms
- Etoro Mobile App, Etoro Web Platform
- Demo Account
- Yes
- 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
- Swap Free Account
- Yes
- Managed Account
- Yes
- PAMM / MAM Trading
- No
- Joint Account
- No
- Social / Copy Trading
- Yes
- Hedging
- Yes
- Scalping
- No
- One Click Trading
- Yes
- OCO Orders
- No
- Trailing Stop Loss
- Yes
- API Access
- Yes
- VPS Hosting
- No
- Bonuses
- Yes
- Contests
- Yes
- Headquarters
- Sheshet Hayamim 30, Bnei Brak, Israel
- International Offices
- United States, United Kingdom, Israel, Cyprus, Australia, Gibraltar, United Arab Emirates, Singapore, Malta
- 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
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