eToro Review Of 2026

eToro Summary

Trading Fees

eToro charges no commissions on trades. This may seem like a positive, but there are other fees that eToro users might see as higher than low fee forex brokers as shown below.

Standard Account Spreads

eToro’s spreads are generally higher than other ECN Forex Brokers, such as Pepperstone and IC Markets as there are no commissions. This is because eToro uses a trading execution model standard with Market Maker Brokers.

For EUR/USD is 1 pip compared to Pepperstone, which is 1.10 and 0.1 for IC Markets. Another is the EUR/GBP which is 1.50 pips compared to Pepperstone which is 1.20 and for IC Markets is 1.27.

No Commission Spreads: Standard Accounts, compared on spreads.

No Commission Spreads: Standard Accounts	EUR/USD	AUD/USD	EUR/GBP	EUR/JPY	USD/CAD
	1.00	1.00	1.50	2.00	1.50
	1.10	1.10	1.20	2.20	1.30
	0.10	0.10	1.27	1.30	0.12
	0.83	0.83	1.01	1.38	0.91
	1.00	1.20	1.00	1.20	1.00
	0.80	1.20	1.20	1.50	1.20
	0.90	0.90	1.00	1.20	1.00
	0.80	0.90	0.80	2.10	1.80
	1.40	1.90	1.70	2.80	2.30
	1.10	1.40	1.30	1.70	1.40
	1.00	1.11	N/A	1.30	1.28
	0.60	0.60	0.90	1.50	1.30
	1.10	1.10	1.10	1.20	1.20
	0.70	0.70	0.90	1.10	0.80
	1.20	1.30	1.20	1.20	4.00

Avg. spreads are taken from each broker’s website and updated monthly. Last update on 1 Sep 2026

Looking more closely at the most trading currency pairs, eToro has lower average spreads for most currency pairs except for the EUR/JPY.

Other Fees

Inactive And Overnight Fees

Beyond the spreads, eToro applies a $5 USD withdrawal fee when you withdraw from a USD-denominated wallet. Withdrawals from a local currency wallet (AUD, GBP, EUR or DKK depending on your entity) are free. The minimum withdrawal is $30 USD. eToro’s help centre states that no inactivity fee applies, as of 28 May 2026. Overnight fees apply on leveraged positions held past the daily rollover.

eToro Accounts

There are two trading accounts offered by eToro which are regulated by ASIC, CySEC and the FCA in the UK.

The first is the Retail Clients Account (also known as a retail investor account) designed for non-professional traders. This account provides both Copy Trade functionality and manual trading. There are strict margin closeout restrictions for retail investor accounts while negative balance protection ensures losses don’t exceed a trader’s deposit. Leverage is restricted as shown:

• 30:1 for major currency pairs
• 20:1 for non-major currency pairs, gold and major indices
• 10:1 for other commodities
• 5:1 for CFD stocks
• 2:1 for cryptocurrency CFD

These caps apply under ASIC, FCA, CySEC and ADGM. MAS retail caps differ (1:20 across all FX pairs, with no major/minor split). The eToro USA entity offers no CFDs and no leverage at all.

The second is the Professional Clients Account, designed for traders who can demonstrate the experience and portfolio size required by their regulator. Pro leverage rises to 1:400 on FX, 1:100 on indices and commodities, 1:10 on shares and 1:5 on crypto. In return, Pro clients forfeit Negative Balance Protection and other retail safeguards, meaning losses can exceed the deposited balance. UK and EU clients also lose FSCS / ICF entitlement on certain protections after upgrading.

Verdict on eToro Fees

While no commissions may seem like eToro has low brokerage , the high spreads and other charges mean fees will be higher for most trading activity. While eToro may suit your trading strategies, you will need to take into account the higher brokerage charged by the online broker. We recommend Pepperstone if spreads, commissions and trading experience are important for your trading requirements. Check out our full Pepperstone comparison for more information.

Trading Platforms

eToro offers its proprietary Investing Platform via a web app (WebTrader) and browser-based desktop view, with no separate downloadable terminal. The platform is exclusive to eToro across all major languages, with a clean design, an accessible interface and built-in social and copy trading. TradingView’s Advanced Charts are embedded as ProCharts, but trading itself is executed only inside eToro. That said, only the watchlist is customisable with all other panels fixed. Both indicative prices and current market prices are displayed on the platform. There is advanced search functionality with predictive text and a range of placing orders:

• Market Limit
• Stop Loss

Leverage can also be set for any position that is opened. You can also view a Fee report to see the total fees you have paid overtime or on a particular trade. Finally, you can set alerts on your desktops such as an icon update for market-sensitive events or movements.

There is the option of a demo account or you can trade with real money on a live account through the eToro platform.

Mobile Trading Platform

The eToro mobile app is available on Apple’s IOS and Android devices for those looking to trade on the go. The mobile trading app allows trading CFD stocks, indices, EFTs, forex (currencies) as well as commodities. Social trading such as the ability to copy leading investors is also available using the mobile app. A bit advantage of the mobile trading platform is that you can get notifications of movements across relevant markets.

eToro Platform Charts

There is the choice of standard charts or ProCharts. The below screenshot shows an eToro ProChart giving insights into their functionality, including changeable:

• Time-frames from 1 minute to 1-week intervals
• Time zones based on your Australian location
• Layouts from 2×2 to 3×3
• Multi-asset platform comparison such as forex pairings

This eToro review focused more on trading tools like the Trader Chart feature, which like social trading is unique to the trading platform. Traders can visualise the performance of individual traders and understand profit-loss amounts over set periods. For example, you can calculate “what profit or loss will be made if I copied trader XYZ 2 months ago with a starting capital of $5,000?”. This trader’s track record can then be compared to other indices or traders or even individual share performances. Below compares three traders’ performances over a set period.

eToro Exclusively Offers Social Trading

What makes eToro unique when trading CFDs is the ability to find and copy trading. With more than 140 countries having access to the social trading platform and millions of users, there are a plethora of options. These can be filtered to find the most popular investors using the ‘editor’s choice’ or by filtering via the search tool. Filters include location, risk score, and other factors shown in the image below. CopyTrader and CopyPortfolio allow the selected trader’s strategies to be reproduced. Just note that past performance is not an indication of future results when choosing a trader to copy.

To incentives, the top traders to share their data eToro provides payouts on how many copiers an individual has. This means that experienced traders can make money based on their trades and additional profits as high as 2% of assets under management as rewards for having copiers of the strategy.

Social News Feeds

A further enhancement is the eToro social trading feeds. These news feeds help traders interact with the brokers’ community to share information and discussions and can also assist in following financial instruments. The social trading platform also allows traders to post updates, share posts, and comment on others’ posts to build a community online. The feed can be tailored towards the interests of the trader filtering out unnecessary noise.

The social trading platform notifies the trader when important updates occur or increased volatility across the CFD assets watched. Notifications can also be given when a user a trader has copied creates a new post. The notifications can be pushed to a mobile device or a desktop trading platform.

Social Media Sharing

eToro allows traders to share their actions across platforms such as Twitter and actions. Charts are also created through the social trading platform, which can then be shared on visual social platforms such as Instagram. The main social media platform eToro connects to is Facebook where traders can view recent news, product and community information. There are also live broadcasts through Facebook periodically. Twitter also offers news and Twittersphere conversations with real-time updates on the main feature. Instagram allows for graphs to be shared, which as mentioned above are created through the eToro social trading platform. Finally, YouTube and Telegram have informative videos, interviews and tutorials.

There is no doubt that social trading is unique to eToro. While Copy trading only exists in the form of automated trading by other brokers, eToro offers some of the best social trading platforms.

Conclusion Of The eToro Trading Platform

eToro offers-an-easy to use trading platform on mobile and desktop devices. The key issue though is that this platform is unique to eToro, making it hard to switch online brokers and learn a new interface. The other key issue is the lack of functionality of features such as guaranteed stops and customisable charting. Generally, if social trading is your core interest the eToro trading platform will meet your needs. If you’re looking for an online broker with more advanced platforms across CFDs and forex trading, then Pepperstone may be more suitable for you.

Is eToro Safe?

eToro has a trust score of 80, from its regulation, reputation, and reviews.

1. Regulation

eToro is regulated by four tier-1 regulators, three tier-2 regulators and one tier-3 regulator.

eToro is a supervised trading firm that follows the regulatory framework of the world’s most powerful regulatory bodies, as follows:

• In Australia, eToro operates under two entities. eToro AUS Capital Limited holds AFSL 491139 from ASIC and provides CFDs. eToro Asset Management Limited acts as the Responsible Entity for the managed investment scheme (ARSN 637 489 466) that delivers real share ownership.
• In Europe, eToro (Europe) Ltd is licensed by CySEC under licence 109/10 and holds a MiCA crypto-asset services authorisation (effective 2025). EUR and DKK wallets are issued by eToro Money Malta Ltd, which is regulated by the MFSA.
• In the United Kingdom, eToro (UK) Ltd holds FCA authorisation under FRN 583263 and is registered with the FCA for crypto-asset services under the Money Laundering Regulations 2017. GBP wallets are issued by eToro Money UK Ltd (FCA FRN 900923). See our forex broker UK table for comparable FCA-regulated options.
• In the USA, eToro USA Securities Inc is a SEC-registered broker-dealer (8-70212) and FINRA member (CRD 298361), providing SIPC-protected coverage up to $500,000 (including $250,000 cash). Crypto is handled by eToro USA LLC as a FinCEN-registered MSB (NMLS 1769299) with state money transmitter licences.
• In the UAE, eToro (ME) Limited is licensed by the ADGM FSRA under FSP 220073.
• In Singapore, eToro Singapore Pte. Ltd. holds MAS Capital Markets Services Licence CMS101824.
• The eToro digital wallet is provided by eToroX Ltd, which is licensed by the Gibraltar Financial Services Commission (DLT Licence 1333B).

Note: eToro USA is available across all 50 states plus DC and US territories, although certain products (such as crypto in NV, HI, PR and USVI) are restricted in some jurisdictions.

All forex brokers have trading instruments such as CFDs. These CFDs are included leverage, which means you can trade a multiple of your deposit. Leverage means you are more exposed to the market, which can lead to greater profits from movements but also losses. As stated above, 51% of retail investor accounts lose money with eToro, so it’s important to have safeguards in this high-risk environment. Below goes through some of these.

Stop-Loss Orders: Yes

eToro has stop-loss order functionality. This means a trader can set the maximum amount they are willing to lose on a trader and when that price-point is achieved the software exits the trader from the market. The same applies once a profit target is reached. Below shows an example stop-loss order on a copy trader.

Guaranteed Stop-Loss Orders: No

While a stop-loss order is useful to determine the maximum amount a trader wants to lose on a trade, the figure isn’t actually guaranteed. This is due to ‘slippage’ which is when volatility is high and the software program is unable to exit the trader at the price requested. This can lead to losses substantially exceeding the amounts set. The only way to stop this is by placing a guaranteed stop-loss order. This is not available with eToro, and if this feature is important to you, another broker may be more appropriate.

Negative Balance Protection: Yes

Like a stop-loss trigger. eToro has a margin call trigger, which exits a trader when they reach zero balance. This is standard across online, but in extreme situations losses may exceed the online trading deposit. While some brokers will request a repayment of a negative balance, eToro offers negative balance protection. This means that they will pay the difference when losses exceed a traders deposit.

2. Reputation

eToro demonstrates exceptional popularity in the online trading space. With approximately 673,000 monthly Google searches, it ranks as the 6th most popular forex broker among the 67 brokers analyzed. Web traffic data confirms this leading position, with Similarweb reporting 24,820,000 global visits in February 2026, also positioning eToro as the 2nd most visited broker.

Founded in 2007, eToro has built one of the largest social trading networks globally. The company reported serving over 30 million registered users across more than 100 countries as of 2024. In terms of financial scale, eToro manages assets exceeding $11 billion and is valued at approximately $10 billion based on private investment rounds. The broker’s exceptional visibility metrics match its substantial operational scale, positioning it firmly among the leading global trading platforms.

Country, 10 rows.

Country	2026 Monthly Searches	Rank
United Kingdom	90,500	1st
Italy	90,500	2nd
France	74,000	3rd
Spain	60,500	4th
Germany	49,500	5th
United States	27,100	6th
Australia	18,100	7th
Netherlands	14,800	8th
United Arab Emirates	12,100	9th
Colombia	12,100	10th

3. Reviews

eToro earns 4.1/5 on Trustpilot based on 32,006 reviews. Users love CopyTrader, intuitive platform, and smooth trading experience with diverse assets.

What other review sites say about eToro

These are ratings of eToro from other platforms, read on the date shown and expressed on each platform's scale, so you can weigh them against our own score.

Platform	Rating	Volume	Read on
Trustpilot	4.1 / 5	32,057	Sep 10, 2026
App Store (United States)	4.4 / 5	9,889	Sep 10, 2026
Google Play	4.0 / 5	157K	Sep 10, 2026

eToro holds a Trustpilot rating of 4.1 out of 5 from 32,057 reviews, checked Sep 10, 2026.

eToro's app etoro: Trade & Invest is rated 4.4 out of 5 from 9,889 ratings on the United States App Store, checked Sep 10, 2026.

eToro: Trade. Invest. Connect. is rated 4.0 out of 5 on Google Play (United States store) from 157K reviews shown worldwide, checked Sep 10, 2026.

Our score is based on published criteria and is not influenced by these third-party ratings.

App Store and Google Play ratings

The eToro app is rated 4.1 out of 5 from 4.8k ratings on the Australian App Store, and 2.8 out of 5 from 156k ratings on the Australian Google Play store, both captured September 2026. Google Play reports the star rating per country and the review total globally, so the Australian score sits beside a worldwide count.

Conclusion On eToro Safeguards

eToro having Negative Balance Protection is a real positive with the ability of online trading, knowing that losses won’t exceed the deposit. There is also stop-loss functionality to help determine preferred profit/loss levels, but these are not guaranteed and need to be understood. Overall, while not perfect, the safeguards help manage the high-risk environment of CFDs trading. If you are new to leverage, then an eToro demo account is recommended. A broker more suited to beginner traders is easyMarkets.

Deposit and Withdrawal

The minimum deposit set by eToro is $50. In the USA this is less at USD$10 while in Israel it’s considerably more at USD $10,000. Below is the details minimum deposit requirement by region.

What is the minimum deposit at eToro?

The minimum first deposit for Australian residents is $50 USD equivalent (about AUD 75 at current rates). Most major markets sit at $50 USD, with a few exceptions noted in the table above. Withdrawals from a local currency wallet are free; withdrawals from a USD wallet carry a $5 USD fee. The minimum withdrawal is $30 USD, and conversion fees may apply when funding currency does not match the wallet currency.

Deposit Options and Fees

Additional fees may be charged by the withdrawal provider with deposit/withdrawal methods including:

• Credit / debit card
• Bank transfer (AUD, GBP, EUR, USD and other supported currencies)
• PayPal (region-dependent; not available to UK clients)
• Skrill (region-dependent; not available to UK clients)
• Neteller (region-dependent; not available to UK clients)
• eToro Money local currency wallet (AUD for Australia, GBP for the UK, EUR / DKK for eligible EU clients)
• Crypto transfer (to and from the eToro digital wallet, 2% transfer fee)

Funding methods vary sharply by region. UK clients are limited to cards, bank transfer and eToro Money GBP, with no PayPal, Neteller or Skrill due to FCA restrictions. US clients are limited to four methods: debit card ($50 minimum), ACH ($50 minimum), PayPal ($50 minimum) and wire transfer ($500 minimum).

Withdrawals may take a business day, but note that paperwork is required before processing your first withdrawal. It’s recommended to use the same withdrawal method as the deposit method to avoid delays in payment methods. There is a longer wait time for depositing and withdrawing money from your bank account due to the wait times of commercial banks. Cryptocurrency transfers are accepted from outside wallets such as Coinbase straight into your eToro wallet.

Withdrawal Options and Fees

eToro charges a flat $5 USD withdrawal fee when you withdraw from a USD-denominated wallet. Withdrawals from a local currency wallet (AUD for Australia, GBP for the UK, EUR or DKK for eligible EU clients) are free. The minimum withdrawal is $30 USD. In my experience the fee is low enough to be a non-issue for occasional withdrawals, although traders moving funds frequently may prefer brokers with no withdrawal fee at all.

Product Range

There are six key markets that can be traded on eToro with leverage varying by asset class.

CFDs

Currency markets are the most traded in the world, with over $5 trillion USD dollars traded every working day. Markets are open 24 hours, 5 days a week, with small movements regularly occurring. Larger movements can also occur when market-sensitive announcements are made, such as jobs data or interest rate decisions of a reserve bank. eToro offers the major currency pairs from EUR/USD, GBP/JPY through to exotic pairings such as NZD/CHF

Cryptocurrencies

Cryptocurrencies from Bitcoin, Bitcoin Cash, Stellar, Litecoin to Ethereum have increased in trader volume with high volatility on a daily basis. When a trader trades on crypto-assets such as Bitcoin in Australia (under ASIC) they are NOT purchasing an underlying asset. Rather than purchasing crypto, a Contract For Difference (CFDs) is exchanged so no actual cryptocurrency is purchased by eToro on a trader’s behalf.

eToro offers cryptocurrency trading on 233 digital currencies (Bitcoin BTC, Ripple XRP, Dash, Neo, etc.) with low trading fees and 0% commissions.

UK position: UK retail clients of eToro (UK) Ltd can still trade real cryptocurrencies. What is prohibited under FCA rules (effective January 2021) is leveraged crypto derivatives (crypto CFDs) for retail clients, not crypto itself. eToro (UK) Ltd is registered with the FCA for crypto-asset services under the Money Laundering Regulations 2017, which lets UK retail clients buy and sell real crypto in the user’s own name. EU and rest-of-world clients continue to access crypto, including the limited crypto CFD offering where their local regulator permits it.

Share Trading

Australian clients have access to two distinct share products on eToro. Real share ownership is delivered through eToro Asset Management Limited as Responsible Entity of a registered managed investment scheme (ARSN 637 489 466), with a flat $2 USD commission per stock trade (in effect since 11 August 2024). Share CFDs, used for short-selling or leveraged exposure of up to 1:5 for retail clients, are provided separately by eToro AUS Capital Limited under AFSL 491139. Fractional shares are also available on the real-share side. CFDs are complex instruments and we recommend using a demo account before trading them with real capital.

Commodities

Another way to trade with leverage is through commodity trading across valuables from oil, gold to platinum. Traded as CFDs, traders can short a commodity if they predict prices to fall or trade long if prices are predicted to rise. The key commodities traded through eToro are:

• Gold
• Oil
• Natural Gas
• Platinum
• Silver

Exchange-Traded Funds and major Indices can also be traded as CFDs with leverage.

Conclusion Of eToro Tradable Markets

eToro offers all the tradable markets in the form of CFDs from cryptocurrency, shares to forex. The only negative is that eToro doesn’t offer stockbroker services that allow an individual to buy shares (not CFDs shares). Only large retail online brokers like CMC Markets or IG offer these services, but they don’t offer the social trading experience of eToro. Overall, an individual can easily use one broker for a stockbroker and another for tradable markets, in which case eToro has the investment product to suit your needs.

Customer Service

Support is handled almost entirely online through live chat, the Help Center and a ticket system, with a dedicated account manager reserved for higher eToro Club tiers. That model works well for self-sufficient traders and is a weaker fit for anyone who wants phone-based or hands-on support.

1) How to Contact eToro

There is no general phone line for account or trading enquiries. Support runs through the eToro platform and Help Center instead. An AI chatbot is available 24/7 for common questions, and human agents can be reached through in-app live chat during market hours. For login or account-access problems, you raise a ticket through the Customer Service Center. The Help Center also holds detailed FAQs covering everything from CopyTrader to deposits and withdrawals, which resolves most routine questions without needing an agent.

2) Support Hours and Languages

Human live chat runs on a 24/5 basis, covering the full trading week from the Sunday market open to the Friday close, while the AI chatbot stays available around the clock. Support is offered in multiple languages, with regional teams for specific markets, including a Singapore office (Monday to Friday, local business hours) and a dedicated US support team. Response times are generally quicker through live chat than through tickets, so chat is the better route for anything time-sensitive.

3) Account Managers and eToro Club

A dedicated account manager is not standard on every account. Direct account-manager contact, including a WhatsApp channel, is a benefit tied to the higher eToro Club tiers (Platinum and above). Standard and lower-tier accounts rely on the shared live chat, ticket and Help Center channels rather than a named point of contact.

Summary: Who eToro’s Support Suits

eToro’s support is built around self-service and live chat rather than phone lines and personal account managers. For confident, independent traders comfortable navigating the platform, that is rarely a problem. If you want to call someone directly or want a dedicated manager without holding a high Club tier, eToro is more limited than brokers offering 24/5 phone support as standard. A beginner who wants more guided support may prefer easyMarkets, referenced elsewhere in this review.

Research and Education

Training

eToro has live webinars that include investment advice, eCourses, and trading videos to help those new to Forex trading. The demo account can also be used for educational purposes and for virtual trading before using real money. It’s these online training facilities that can introduce and refine trading strategies across markets.

Final Verdict on eToro

eToro stands out for its social trading tools and broad range of markets including crypto. Traders need to weigh those features against conversion and crypto fees that can add up, alongside a support model built around live chat rather than phone lines. As with all CFD providers, a majority of retail CFD accounts lose money, so leverage needs to be used with care. If you’re looking for alternatives, view the awards for different Countries. Otherwise, you can open a demo account and try the features and markets eToro offers.