Our verdict on eToro
eToro Singapore Pte. Ltd. suits a newer trader: the firm states retail CFD clients get negative balance protection and client money sits in segregated accounts, and it advertises a demo account with virtual funds. The firm also states a US$50 minimum deposit and that retail clients must pass the Customer Knowledge Assessment before trading CFDs. What gives me pause is cost: the firm states crypto CFDs cost 1% per trade.
Weigh the firm's stated terms yourself before depositing. I would read the fee pages on its Singapore site closely before funding an account. The published score of 54.9 out of 100 comes from our global broker test, not a Singapore test, and it ranks the firm eighth of 16 in our rated set.
Pros
- FID lists eToro Singapore Pte. Ltd. as a Capital Markets Services Licensee, so you can verify the licence yourself.
- The firm states client money is kept in segregated accounts, separate from the company's funds.
- The firm states retail CFD clients receive negative balance protection when trading CFDs.
- The firm advertises a demo account for practice.
- The firm states it will typically process a valid and complete withdrawal request by the end of the following business day.
Cons
- Crypto CFDs cost 1% per trade, as the firm states on its fees page.
- On the Singapore pages we read, the firm advertises only its own platform and TradingView charts, with no MetaTrader.
- Base currencies are USD, GBP, and EUR only, the firm states; SGD deposits convert to USD.
eToro score breakdown
2.5/5 · Fair
Our global rating
The overall CFB Score comes from the full methodology, more than 100 data points per broker. The category ratings summarise each area and do not reconcile by simple average.
How is our rating calculated?How popular is eToro in Singapore?
Singaporeans made 3,020 branded searches for eToro in August 2026, placing it 4th of the 8 MAS-licensed firms we rate on a global score. Search interest measures attention, not quality; the score above is the review verdict.
- 3,020
- Brand searches, August 2026
- +3.1%
- vs July 2026
- 280
- Login searches
- 3.5%
- Share of these 8 firms' searches
Source: Google search volume, Singapore, August 2026.
How this is measured
Google Ads reports how many times a month people in Singapore searched each broker's brand terms, and the brokers are ranked on that figure alone.
A term counts for a broker only when that broker's own website holds the first organic Google result for it in Singapore; bare brand words that any company could own are left out.
A month-on-month change prints only where the previous month reached 1,000 searches, because Google rounds smaller volumes.
The figures refresh on the 15th of each month with the newest month Google has published, and the first-result check repeats every quarter.
Is eToro safe? MAS licence, eToro Singapore Pte. Ltd.
Yes, I am comfortable that eToro Singapore Pte. Ltd. is a licensed firm a Singapore retail client can verify independently. The MAS Financial Institutions Directory, read on 24 September 2026, lists eToro Singapore Pte. Ltd. as a Capital Markets Services Licensee.
| Fact | What the record says | Source |
|---|---|---|
| Legal name on FID | eToro Singapore Pte. Ltd. | MAS Financial Institutions Directory, read 24 September 2026 |
| Licence types on FID | Capital Markets Services Licensee | MAS Financial Institutions Directory, read 24 September 2026 |
| Products FID lists under Dealing In Capital Markets Products | Securities; Collective Investment Schemes; Over-The-Counter Derivatives Contracts; Spot Foreign Exchange Contracts for the Purposes of Leveraged Foreign Exchange Trading | MAS Financial Institutions Directory, read 24 September 2026 |
| FID record last updated | 25 August 2026 | MAS Financial Institutions Directory, read 24 September 2026 |
| MAS enforcement actions and media releases naming the entity as subject | None found, searched 24 September 2026 | MAS enforcement actions and media releases, searched 24 September 2026 |
| Entity printed on the Singapore site | etoro Singapore Pte. Ltd. | Firm's Singapore site, read 24 September 2026 |
We also searched MAS’s enforcement actions and media releases on the same date and found none naming the licensee as their subject. That is the check I would want any firm holding my money to pass.
What FID lists for the entity
Verify each entry on the MAS website before you deposit.
MAS actions and the Investor Alert List
MAS’s Investor Alert List carries an entry dated 21 March 2025 for “eToroTrade”, which states that the entity impersonates eToro Singapore Pte. Ltd., a firm regulated by MAS, and directs the public to the Financial Institutions Directory to confirm they are dealing with the regulated entity. It is not an action against the firm, and I would treat it as a reason to check you are on the firm’s own site before you deposit.
This page covers eToro Singapore Pte. Ltd. for a Singapore reader, while our eToro review covers the brand worldwide.
MAS enforcement and alerts
A search of MAS enforcement actions, media releases and the Investor Alert List on 24 September 2026 under 2 search terms (eToro Singapore Pte. Ltd., eToro) returned no MAS enforcement action against this company.
MAS Investor Alert List entry that names eToro Singapore Pte. Ltd., with the note MAS publishes on it (an alert list entry, not a MAS enforcement action):
- eToroTrade
This entity impersonates a financial institution that is regulated by MAS, eToro Singapore Pte. Ltd. Members of the public should take care in ensuring that they are dealing with the regulated entity. Contact details for the MAS-regulated entity may be found in the Financial Institutions Directory on MAS' website.
Source: the Monetary Authority of Singapore, mas.gov.sg, searched 24 September 2026.
eToro client money
A Singapore retail client contracts with eToro Singapore Pte. Ltd., the Capital Markets Services Licensee covered in the trust section, and the firm’s own Singapore site prints the same legal entity.
Client money, as the firm states it: segregated accounts (Firm's document for its Singapore entity, read 24 September 2026)
Negative balance, as the firm states it: negative balance protection for retail CFD clients (Firm's document for its Singapore entity, read 24 September 2026)
Who a Singapore client contracts with
The firm’s Singapore site prints the contracting entity as etoro Singapore Pte. Ltd., matching the legal name on the directory.
eToro at a glance: 3 key facts
| Fact | What the record says | Source |
|---|---|---|
| Minimum deposit, as the firm states it | USD 50, stated on the firm's Singapore home page | Firm's Singapore site, read 24 September 2026 |
| Demo account | Available ($100K in virtual funds) | Firm's Singapore site, read 24 September 2026 |
| Base currencies | USD, GBP, EUR | Firm's Singapore site, read 24 September 2026 |
eToro spreads and commission
The firm states current figures for its currency CFD pricing appear on its own site.
Commission
The firm states its commissions for currency, stock, and crypto CFDs. Check the firm’s fees page for the spread component before you trade.
What it costs to trade with eToro
The firm states its pricing for currency, stock, and crypto CFDs.
| Fact | What the record says | Source |
|---|---|---|
| Currency CFDs: commission | spread-based; see the CFD spreads page | Firm's Singapore site, read 24 September 2026 |
| Stock CFDs: commission | 0.15% per trade | Firm's Singapore site, read 24 September 2026 |
| Crypto CFDs: commission | 1% per trade | Firm's Singapore site, read 24 September 2026 |
Other fees a Singapore trader should check
Before your first deposit, check the firm’s Singapore site for any withdrawal fee, inactivity fee, or currency conversion cost. The firm’s deposit FAQ states SGD deposits are converted to USD, so ask the firm what that conversion costs.
eToro deposits and withdrawals
The firm lists SGD as a supported deposit currency converted to USD.
Funding route: credit/debit card, bank transfer, PayPal, Skrill, Neteller (Firm's Singapore site, read 24 September 2026)
Withdrawals, as the firm states them: processed by the end of the following business day (Firm's document for its Singapore entity, read 24 September 2026)
eToro accounts and minimum deposit
Accredited investor terms, as the firm states them: accredited investors open without the CKA or Customer Account Review and lose certain protections (Firm's document for its Singapore entity, read 24 September 2026)
Customer Knowledge Assessment, as the firm states it: retail clients must pass the CKA before trading CFDs (Firm's document for its Singapore entity, read 24 September 2026)
Minimum deposit
The firm states a US$50 minimum deposit.
eToro trading platforms
The firm advertises its own platform on web and app, with TradingView charts, and no MetaTrader on the pages we read. If MT4 or MT5 matters to you, this is not your broker. Your charts and your order entry would both run on the firm’s own platform, with TradingView built in.
eToro execution speed and slippage
Our global panel holds no fill time for eToro, so this page quotes no execution figure for the Singapore entity. In my view, that leaves you weighing the platform’s other terms rather than any speed claim, and I would ask the firm what fill quality to expect before committing funds.
eToro markets
If CFDs across several asset classes matter to you, the firm’s general risk disclosure states its CFDs cover currencies, commodities, and indices.
| Fact | What the record says | Source |
|---|---|---|
| Product: FX CFDs | Offered | Firm's Singapore site, read 24 September 2026 |
| Product: other CFDs | Crypto, Stocks, ETF, Indices, Commodities | Firm's Singapore site, read 24 September 2026 |
| Platforms on the Singapore site | eToro platform (web, app), TradingView charts | Firm's Singapore site, read 24 September 2026 |
eToro leverage and margin for Singapore clients
The firm states that leverage varies by underlying, that applicable law sets the maximum it can offer, and that current leverage appears on its website, so I would check the figure shown for your market before you fund the account.
Margin or leverage, as the firm states it: leverage varies by underlying; maximum set by applicable law; current leverage shown on the website (Firm's document for its Singapore entity, read 24 September 2026)
Risk warning, as the firm prints it: CFDs are complex instruments... 61% of retail investor accounts lose money when trading CFDs with this provider (Firm's Singapore site, read 24 September 2026)
Table 18 of the Fourth Schedule to the Securities and Futures (Financial and Margin Requirements for Holders of Capital Markets Services Licences) Regulations (Rg 13) sets a 5% minimum margin for a retail customer (20:1, our arithmetic) and 2% for an accredited, expert, or institutional investor (50:1, our arithmetic). That rule binds every MAS licensee alike, so it is neither this firm’s advantage nor its limit.
eToro vs Plus500 vs Phillip Nova
eToro sits eighth of 16 in our rated Singapore set. Plus500, whose legal entity is Plus500SG Pte. Ltd., ranks just above it with a published score of 58.8 out of 100 from our global broker test, and Phillip Nova, Phillip Nova Pte. Ltd., ranks just below it.
Neither rival states an EUR/USD figure on its Singapore pages, so I cannot compare spreads here. Ask each firm for its current EUR/USD pricing before you decide.
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 | 10 September 2026 |
| App Store (United States) | 4.4 / 5 | 9,889 | 10 September 2026 |
| Google Play | 4.0 / 5 | 157K | 10 September 2026 |
eToro holds a Trustpilot rating of 4.1 out of 5 from 32,057 reviews, checked 10 September 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 10 September 2026.
eToro: Trade. Invest. Connect. is rated 4.0 out of 5 on Google Play (United States store) from 157K reviews shown worldwide, checked 10 September 2026.
Our score is based on published criteria and is not influenced by these third-party ratings.
Should you open an account with eToro?
Yes, if you want a MAS-listed Capital Markets Services Licensee with a low stated minimum deposit, a funded demo, and card or e-wallet funding, eToro Singapore Pte. Ltd. suits that reader.
Open the demo first and check the firm’s own Singapore pages for the leverage it shows per product. Before you deposit, confirm the licence details on the MAS Financial Institutions Directory and the current spreads and fees on the firm’s Singapore site yourself.
FAQs
Is eToro licensed in Singapore?
How do I deposit with eToro from Singapore?
What leverage can I get with eToro Singapore?
How does eToro rate for a beginner in Singapore?
Testing log
| Record | Detail |
|---|---|
| MAS Financial Institutions Directory read | 24 September 2026 |
| MAS enforcement actions, media releases and Investor Alert List searched | 24 September 2026 |
| Global rating record verified | 25 November 2025 |