eToro Review
Updated regularly · Independent ratings
Overall Rating
4.2 / 5
Fees
4.0 / 5
Safety
4.6 / 5
Platforms
4.0 / 5
Education
4.5 / 5
Min. deposit
$50
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the risk of losing your money.
eToro — At a Glance
Full broker data from our database
| Minimum deposit | $50 |
| Broker type | Market Maker |
| Spread type | Variable |
| Spreads from | 1.2 PIPS |
| Commission | No commission (for forex trading) |
| Maximum leverage | 1:400 |
| Minimum lot size | 0.01 |
| Maximum lot size | 200 |
| Decimal pricing | 5 decimals |
| Trading platforms | Etoro Mobile App, Etoro Web Platform |
| API access | Yes |
| VPS | No |
| Demo account | Yes |
| Segregated account | Yes |
| Swap-free account | Yes |
| Managed account | Yes |
| PAMM / MAM account | No |
| Joint account | No |
| Copy trading | Yes |
| Social trading | Yes |
| Account currencies | USD, GBP, EUR |
| One-click trading | Yes |
| OCO orders | No |
| Trailing stop loss | Yes |
| Hedging allowed | Yes |
| Scalping allowed | No |
| Interest on margin | Yes |
| Bonuses | Yes |
| Contests | Yes |
| Regulators | SEC (United States), FINRA (United States), FCA (United Kingdom), ASIC (Australia), CySEC (Cyprus), GFSC (Gibraltar), MFSA (Malta), ADGM-FSRA (UAE), FSA (Seychelles), MAS (Singapore) |
| Headquarters | Sheshet Hayamim 30, Bnei Brak, Israel |
| International offices | United States, United Kingdom, Israel, Cyprus, Australia, Gibraltar, United Arab Emirates, Singapore, Malta |
| Assets offered | Forex, CFDs |
| Payment methods | Bank Transfer, Debit cards, Credit Cards, Paypal, Skrill, Neteller, Rapid Transfer, Ideal, Klarna, Sofort Banking, Trustly, POLi, Przelewy24, Payoneer |
| 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 |
| Contact email | support@etoro.com |
| Minimum deposit | $50 | Social trading | Yes |
| Broker type | Market Maker | Account currencies | USD, GBP, EUR |
| Spread type | Variable | One-click trading | Yes |
| Spreads from | 1.2 PIPS | OCO orders | No |
| Commission | No commission (for forex trading) | Trailing stop loss | Yes |
| Maximum leverage | 1:400 | Hedging allowed | Yes |
| Minimum lot size | 0.01 | Scalping allowed | No |
| Maximum lot size | 200 | Interest on margin | Yes |
| Decimal pricing | 5 decimals | Bonuses | Yes |
| Trading platforms | Etoro Mobile App, Etoro Web Platform | Contests | Yes |
| API access | Yes | Regulators | SEC (United States), FINRA (United States), FCA (United Kingdom), ASIC (Australia), CySEC (Cyprus), GFSC (Gibraltar), MFSA (Malta), ADGM-FSRA (UAE), FSA (Seychelles), MAS (Singapore) |
| VPS | No | Headquarters | Sheshet Hayamim 30, Bnei Brak, Israel |
| Demo account | Yes | International offices | United States, United Kingdom, Israel, Cyprus, Australia, Gibraltar, United Arab Emirates, Singapore, Malta |
| Segregated account | Yes | Assets offered | Forex, CFDs |
| Swap-free account | Yes | Payment methods | Bank Transfer, Debit cards, Credit Cards, Paypal, Skrill, Neteller, Rapid Transfer, Ideal, Klarna, Sofort Banking, Trustly, POLi, Przelewy24, Payoneer |
| Managed account | 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 |
| PAMM / MAM account | No | Customer support | Live Chat, Email, WhatsApp |
| Joint account | No | Contact email | support@etoro.com |
| Copy trading | Yes |
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