eToro established the first social trading platform, disrupting the online brokerage industry.
eToro allows traders to follow other traders, discuss trade ideas, and mimic the successful trading strategies of other traders in the community with its CopyTrading feature.
This eToro review provides an overview of the company, discusses the platform’s major features, and helps you determine if their services are available in .
This content is not intended for US users: eToro USA LLC does not offer CFDs, only real Crypto assets available.
Quick Summary of eToro
eToro fits new and social traders who want CopyTrader, crypto access, and an easy platform more than deep pro tools.
| What's Good About eToro? | What Could eToro Do Better? |
|---|---|
| Trustworthy broker (we scored eToro 90/100 in our broker trust rating) | Limited initial display of tradable assets on the first page (e.g. CFDs for listed companies aren't included) |
| Traders who follow Sharia law can open Islamic accounts | Modern display of leverages and margin requirements may be unclear for seasoned traders. |
| Traders can integrate social features into their trading through the CopyTrader tool | |
| Free demo account (which you can keep for life) | |
| 24/5 customer support via live chat, fax or email |
Data last reviewed:
Who Is eToro Best For?
The new generation of traders who want to trade cryptocurrencies or incorporate a social community into their online trading, may find eToro suitable.
eToro was designed for traders who wish to learn from the practices of more experienced traders by taking advantage of its social platform.
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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Key Facts About eToro
| Regulation | See all 7 licences
CSLR up to AUD 150,000 (from Jan 2025) | ||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CFD Risk | 50% of retail CFD accounts lose money when trading with this provider | ||||||||||||||||||||||||||||||||||||||||
| Founded | 2007 (19 years in business) | ||||||||||||||||||||||||||||||||||||||||
| Min Deposit | $50 | ||||||||||||||||||||||||||||||||||||||||
| Max Leverage | 1:30 (major forex, EU/UK regulated) | ||||||||||||||||||||||||||||||||||||||||
| Spreads From | From 1 pip | ||||||||||||||||||||||||||||||||||||||||
| Platforms | eToro | ||||||||||||||||||||||||||||||||||||||||
| Markets | CFDs, Bonds | ||||||||||||||||||||||||||||||||||||||||
| Demo Account | Yes - Unlimited | ||||||||||||||||||||||||||||||||||||||||
| Negative Balance Protection | Yes | ||||||||||||||||||||||||||||||||||||||||
| Compensation Scheme | CSLR up to AUD 150,000 (from Jan 2025) | ||||||||||||||||||||||||||||||||||||||||
| Public Company | Yes (Nasdaq Global Select Market: ETOR) |
Where Does eToro Operate?
eToro is an international company that operates in many countries (full list below). eToro operates as eToro USA LLC in the United States.
See all the countries eToro operates in.
- Argentina
- Australia
- Austria
- Bahrain
- Bangladesh
- Belgium
- Bolivia
- Brazil
- Bulgaria
- Chile
- Colombia
- Costa Rica
- Croatia
- Cyprus
- Czechia (Czech Republic)
- Denmark
- Dominican Republic
- Ecuador
- Estonia
- Finland
- France
- Germany
- Gibraltar
- Greece
- Holy See
- Hungary
- Iceland
- Ireland
- Israel
- Italy
- Kuwait
- Latvia
- Liechtenstein
- Lithuania
- Luxembourg
- Malta
- Mexico
- Monaco
- Norway
- Oman
- Peru
- Poland
- Portugal
- Qatar
- Romania
- Seychelles
- Slovakia
- Slovenia
- Spain
- Sweden
- Switzerland
- United Arab Emirates
- United Kingdom
- United States* (some states)
- Uruguay
See the countries that are restricted from trading with eToro.
eToro is not available in the following countries:
- Afghanistan
- Aland Islands
- Albania
- Algeria
- Andorra
- Angola
- Anguilla
- Antarctica
- Antigua and Barbuda
- Armenia
- Aruba
- Azerbaijan
- Bahamas
- Barbados
- Belarus
- Belize
- Benin
- Bermuda
- Bhutan
- Bonaire
- Bosnia and Herzegovina
- Botswana
- Bouvet Island
- Brunei
- Burkina Faso
- Burundi
- Cambodia
- Cameroon
- Canada
- Cape Verde
- Central African Republic
- Chad
- Chagos Islands
- China
- Christmas Island
- Cocos Islands
- Comoros
- Congo Republic
- Cook Islands
- Cote d’Ivoire
- Crimea Region
- Cuba
- Curacao
- Democratic Republic of the Congo
- Djibouti
- Dominica
- Egypt
- El Salvador
- Equatorial Guinea
- Eritrea
- Ethiopia
- Faeroe Islands
- Falkland Islands
- Fiji
- Gabon
- Gambia
- Georgia
- Ghana
- Greenland
- Grenada
- Guatemala
- Guinea
- Guinea-Bissau
- Guyana
- Haiti
- Heard Island and McDonald Islands
- Honduras
- Hong Kong
- India
- Indonesia
- Iran
- Iraq
- Jamaica
- Japan
- Jordan
- Kazakhstan
- Kenya
- Kiribati
- Kosovo
- Kyrgyzstan
- Laos
- Lebanon
- Lesotho
- Liberia
- Libya
- Macau
- Madagascar
- Malawi
- Maldives
- Mali
- Marshall Islands
- Mauritania
- Mauritius
- Micronesia
- Moldova
- Mongolia
- Montenegro
- Montserrat
- Morocco
- Mozambique
- Myanmar
- Namibia
- Nauru
- Nepal
- Netherlands Antilles
- New Caledonia
- New Zealand
- Nicaragua
- Niger
- Nigeria
- Niue
- Norfolk Island
- North Korea
- North Macedonia
- Northern Cyprus
- Pakistan
- Palau
- Palestinian Territories
- Panama
- Papua New Guinea
- Paraguay
- Pitcairn Islands
- Russia
- Rwanda
- Saint Barthelemy
- Saint Helena
- Saint Kitts and Nevis
- Saint Lucia
- Saint Martin
- Saint Pierre
- Saint Vincent and the Grenadines
- Samoa
- San Marino
- Sao Tome
- Saudi Arabia
- Senegal
- Serbia
- Sierra Leone
- Sint Maarten (Dutch Part)
- Solomon Islands
- Somalia
- South Africa
- South Georgia and the South Sandwich Islands
- South Korea
- South Sudan
- Sri Lanka
- Sudan
- Suriname
- Svalbard and Jan Mayen
- Swaziland
- Syria
- Tajikistan
- Tanzania
- Timor-Leste
- Togo
- Tokelau
- Tonga
- Trinidad and Tobago
- Tunisia
- Turkey
- Turkmenistan
- Turks and Caicos Islands
- Tuvalu
- Uganda
- Ukraine
- Uzbekistan
- Vanuatu
- Vatican City
- Venezuela
- Virgin Islands (British)
- Wallis and Futuna
- Yemen
- Zambia
- Zimbabwe
eToro offers cryptocurrency trading in 38 states and two territories.
US states, districts, and territories that allow cryptocurrency trading.
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- District of Columbia
- Florida
- Georgia
- Idaho
- Indiana
- Iowa
- Kansas
- Kentucky
- Maine
- Maryland
- Massachusetts
- Michigan
- Mississippi
- Missouri
- Montana
- New Jersey
- New Mexico
- North Dakota
- Northern Mariana Islands
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Texas
- United States Minor Outlying Islands
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
US states and territories that don’t allow cryptocurrency trading.
- American Samoa
- Delaware
- Guam
- Hawaii
- Illinois
- Louisiana
- Minnesota
- Nebraska
- Nevada
- New Hampshire
- New York
- North Carolina
- Puerto Rico
- Tennessee
- U.S. Virgin Islands
- West Virginia
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.
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Products & Markets
eToro gives you a wide mix of markets across stocks, ETFs, crypto, forex, commodities, and CFDs. The range is broad, but the first screen does not show everything well, so some traders may want a clearer full list.
| Feature | Available |
|---|---|
| API Trading | No |
| Copy Trading | Yes |
| Educational Resources | Yes |
| Fractional Shares | No |
| Feature | Available |
|---|---|
| Islamic Account | Yes |
| Negative Balance Protection | No |
| Segregated Client Funds | Yes |
| Social Trading | Yes |
Data last reviewed:
In the United States, eToro offers trading on stocks & cryptocurrencies.
Customers can trade crypto coins and store them in an e-wallet.
Account Types
eToro keeps account choices simple, with standard accounts, Islamic accounts, and a free demo account that stays open for life. That makes it easy to start, and the low-friction setup suits newer traders.
| Feature | Retail | Professional |
|---|---|---|
| Maximum Leverage | 30:1 (major forex), 20:1 (indices), 10:1 (commodities), 2:1 (crypto) | Up to 500:1 |
| Negative Balance Protection | Yes (mandatory under ESMA rules) | Not guaranteed |
| Eligibility | Open to all clients | Must meet 2 of 3: relevant work experience, portfolio over €500,000, or 10+ leveraged trades per quarter in the past year |
ESMA regulations apply to brokers operating under EU/EEA licenses. Account features may differ by jurisdiction.
Data last reviewed:
Traders can choose from three different eToro account types – a standard trading account, an Islamic account, and a demo account.
Standard Trading Account
Traders can open a standard eToro trading account with $50 – $10,000. It offers traders various leverage limitations based on the product being traded. Here are some examples:
| Trade Type | Leverage |
|---|---|
| Major currency pairs | 30:1 |
| Minor currency pairs, gold, and major indices | 20:1 |
| Commodities and minor indices | 10:1 |
| CFD stocks | 5:1 |
| Cryptocurrency CFDs | 2:1 |
Islamic Accounts
Islamic traders can open Islamic accounts. These halal accounts don’t utilize swaps (Riba) in accordance with Islamic law.
Demo Accounts
Traders who sign up for an eToro demo account receive $100,000 in virtual currency to trade.
With their demo account, traders can test their strategies by executing practice trades in real-time. The eToro demo account also allows traders to test the functions of the platform before committing real money.
eToro demo accounts never expire. Traders can use the demo as long as they need to.
Start Trading Now at eToro.com
eToro Account Requirements
eToro serves more than 60 countries worldwide. The process of opening an account is largely the same in each jurisdiction.
Account Verification With eToro
First, traders fill out a form with some basic information and create a username.
Before you can trade with eToro for the first time, you need to verify your account with the following information:
- Government-issued ID
- Phone number
- Proof of address.
The government-issued ID (eg, passport) must be a high-resolution copy that shows both sides of the document and contains the following:
- Full Name
- Date of Birth
- Photograph
- Valid Expiry Date.
Proof of Address
Proof-of-address can include items issued by a financial institution, utility company, government agency, or judicial authority:
| Acceptable Forms of Proof | Unacceptable Form of Proof |
|---|---|
| Bank statement | Receipts |
| Credit card statement | Invoices for purchasing goods |
| Electricity bill | Hand written bills |
| Water or gas bill | |
| Council tax bill | |
| Tax letter or bill |
Data last reviewed: Warning: data published 5 years ago. Verify before relying on it.
Funding an eToro Account
eToro offers several different first-time minimum deposit options for customers, depending on where they live:
| Country | Minimum Initial Deposit |
|---|---|
| United States | $10 |
| Australia, Austria, Cyprus, Denmark, Estonia, Finland, Greece, Guernsey, Hungary, Indonesia, Ireland, Latvia, Liechtenstein, Malaysia, Malta, Netherlands, Norway, Portugal, Singapore, Sweden, Switzerland, Taiwan, Thailand, Vatican City | $50 |
| Belgium, Czech Republic, France (including French Guiana, Guadeloupe, Martinique, Mayotte), Germany, Italy, Luxembourg, Monaco, Poland, Romania, Slovakia, Slovenia, Spain, United Kingdom | $100 |
| French Polynesia, Isle Of Man, Jersey Island, Kuwait, New Zealand, Reunion Island | $1,000 |
| Bulgaria, Cayman Islands, Croatia, Gibraltar, the Philippines, South Africa, Vietnam | $2,000 |
| Israel | $10,000 |
| Everywhere else | $200 |
After your initial deposit, the minimum deposit is $50 for all countries’ residents.
Deposit Methods
You can fund your eToro account with a variety of deposit methods:
- iDEAL
- Maestro debit card
- MasterCard debit card
- Rapid Transfer
- Trustly
- Visa debit card
- Wire Transfer.*
* If you use a wire transfer to fund your account the minimum deposit amount is $500.
Funding Times and Maximum Deposit
The time it takes for your deposit to hit your eToro account depends on your deposit method:
- Wire transfers take 4-7 business days.
- Cryptoassets transfers take one business day processing since they must be manually reviewed. However, after eToro reviews the transaction, the transfer is subject to the amount of time it takes each blockchain involved to complete it.
- All other methods can take up to 3 business days to process.
The maximum deposit amount is $10,000 per day, regardless of country.
Start Trading Now at eToro.com
Spreads & Fees
eToro is not the cheapest pick. The $5 withdrawal fee and inactivity fee after 12 months stand out, and the spread-based pricing can add up if you trade often.
| Fee Type | Details |
|---|---|
| Typical Spreads | Commodity spreads: From 2 pips (copper) - 20,000 pips (palladium) | Bitcoin spread: From 0.75% | EUR/USD typical spread: 1 pip | USD/JPY typical spread: 1 pip | GBP/USD typical spread: 2 pips | USD/CHF typical spread: 1.5 pips | EUR/GBP typical spread: 1.5 pips SourceVerified verified |
| Commission | Crypto trading fee (non-US): 1% SourceVerified verified |
| Inactivity Fee | $10/month SourceVerified verified |
| Currency Conversion | Varies SourceVerified verified |
| Withdrawal Fees | Flat withdrawal fee: $5 SourceVerified verified |
| Minimum Deposit | $50 USD |
Fees may vary by account type and region. Always check the broker's fee schedule before trading.
Data last reviewed:
eToro’s compensation comes via the market bid/ask spreads, which vary by product. eToro traders are charged these spreads only when a position is closed.
Spreads vary day-to-day and even minute-to-minute. The spread ranges below are indicative only.
- Commodity Spreads – From 2 Pips (copper) – 20,000 Pips (palladium)
- Cryptocurrencies – From 0.75% (Bitcoin) – 5.0% (XTZ). A fee of 1% is added to the spread when buying or selling crypto assets on eToro. The fee is included in the price shown when users open or close a position.
- Currencies – From 1 Pip (AUD/USD) – 50 Pips (USD/TRY)
- ETFs – BUY Position Fee: 6.4%; SELL Position Fee: 2.9%
- Indices – From 4 Pips (US Dollar Index) – 1200 Pips (China A50 Index)
- Stocks – Buy Position Fee: 6.4%; Sell Position Fee: 2.9%
Reduced Forex Spreads & Pipettes
eToro recently reduced its forex spreads and made many of them variable, as opposed to fixed.
They’ve also made their spreads more granular with the introduction of “pipette” pricing. Pipettes are smaller than pips by a factor of 10.
| Pip | Pipette |
|---|---|
| 0.0001 | 0.00001 |
Overnight Fee
This overnight eToro fee is applied to a trader’s account when a position remains open past a certain period of time.
The eToro overnight fees are multiplied by three if a trader holds a position over Wednesday or Friday night. Overnight fees are charged to customer accounts and credits are applied at 17:00 New York time.
eToro doesn’t charge overnight fees for non-leveraged buy positions.
Withdrawal Fee
eToro charges a flat $5 fee for all withdrawals. The minimum withdrawal amount is $30. (See below for cryptocurrency withdrawal fees.)
Stock Investing Commission Fee
For customers residing in Australia, Denmark, Finland, the Netherlands, Norway, Spain, and Sweden, stock investing now incurs a flat fee of US$1-2 per trade, both when opening and closing positions. This fee does not apply to CFD positions, ETFs, copy trading, or Smart Portfolios. Customers can view commissions and other fees by tapping ‘Estimated Cost’ on the trade execution screen.
Conversion Fee
eToro charges a conversion fee if customers want to convert the funds they withdraw from US dollars into other currencies or if they make a deposit with a currency other than USD.
The amount of the conversion fee also depends on whether your transaction is via wire transfer or another method.
| Currency Pair | Wire Transfer | Credit Cards, PayPal, Neteller, Skrill | Charged Upon |
|---|---|---|---|
| AUD/USD | 50 pips | 100 pips | Withdrawal or Deposit |
| EUR/USD | 50 pips | 250 pips | Withdrawal or Deposit |
| GBP/USD | 50pips | 50 pips | Withdrawal or Deposit |
| RUB/USD | 50 pips | 50 pips | Withdrawal or Deposit |
| MYR/USD | n/a | 100 pips | Withdrawal or Deposit |
| RMB/USD | n/a | 50 pips | Withdrawal or Deposit |
| THB/USD | n/a | 100 pips | Withdrawal or Deposit |
| IDR/USD | 1% of deposit amount | 1% of deposit amount | Deposits Only |
| VND/USD | 1% of deposit amount | 1% of deposit amount | Deposits Only |
Inactivity Fee
eToro charges traders a monthly $10 inactivity fee if they don’t use the platform for a period of 12 months. This fee cannot take your account below zero, however.
Traders simply need to log in to their accounts periodically to avoid these fees.
Cryptocurrency Fees
When depositing, withdrawing, or converting cryptocurrencies — whether to or from fiat currencies or other crypto coins — several types of fees and limits apply.
Crypto Withdrawal Fee
Cryptoasset withdrawals from the crypto wallet incur their own fees, charged in the same crypto coin, as follows:
| Cryptocurrency | Minimum Withdrawal Amount | Fee |
|---|---|---|
| BCH | 0.18 BCH | 0.001 units |
| BTC | 0.008 BTC | 0.0005 units |
| ETH | 0.26 ETH | 0.006 units |
| LTC | 0.68 LTC | 0.001 units |
| XLM | 534 XLM | 0.01 units |
Fiat-to-Crypto Conversion Fees and Limits
When convert fiat currencies (eg, Pounds Sterling) to cryptocurrencies in your eToro wallet, you incur a fee of 5%, charged in the fiat currency.Here’s a breakdown of what’s in the 5% fee:
- eToro charges a 1% fee
- Fiat conversions are facilitated by Simplex, which charges a 4% fee.
Additionally, blockchain fees apply which are deducted from the crypto amount purchased. Your bank or credit card may also charge you fees.
Fiat-to-crypto currency conversion and transaction limits are stated in US dollars:
| Minimum | Maximum | |
|---|---|---|
| Per Conversion | $20 | $10,000 |
| Per Transaction | none | $50,000 |
| Per Day (Transactions) | none | $200,000 |
Crypto-to-Crypto Conversion Fees and Limits
If you wish to convert a cryptocurrency into another type of crypto coin, eToro charges a 0.1% fee.
The minimum allowed crypto-to-crypto conversion transaction is $20 and the maximum is $10,000.
Crypto Wallet Fees
There are two crypto coins that charge initial wallet creation fees:
- XRP – 45 XRP*
- XLM – A minimum non-spendable deposit of 2.5 XLM
*At the time of updating this article, eToro does not charge a fee for an XRP wallet creation.
Start Trading Now at eToro.com
Deposits & Withdrawals
eToro supports common deposit and withdrawal methods, and deposits are usually quick. The main catch is the $5 withdrawal fee, which makes small cash-outs feel pricey.
eToro Payment Methods
Deposit Methods
Withdrawal Methods
Data last reviewed:
You can withdraw funds at any time up to the value of the balance and minus the amount of margin.
The processing fee for a withdrawal is $5, plus a conversion fee from USD to other currencies, if applicable.
You can only withdraw funds using the same method that you used to deposit them and to the same account as previously used to deposit.
Withdrawal Requirements
- The minimum withdrawal is $30
- You must have a verified account
To verify your account, you must answer some personal and financial questions and submit documentation that meets eToro’s requirements for anti-money laundering.
The answers to these questions include:
- Your personal details
- Your experience and objectives for trading
- Upload of a utility bill
- Upload of a photo ID
- Phone verification.
See eToro Withdrawal Times
| Payment provider | Time taken to receive funds on your payment method |
|---|---|
| China Union Pay | 1-2 Working days |
| Credit / Debit card | Up to 5 working days |
| Neteller | 1-2 Working days |
| PayPal | 1-2 Working days |
| Skrill Limited UK | 1-2 Working days |
| WebMoney | 1-2 Working days |
| Wire Transfer | Up to 5 working days |
Data last reviewed: Warning: data published 8 years ago. Verify before relying on it.
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Platforms
eToro sticks to its own web and app platform, and that is the point - it is built for social trading, CopyTrader, and easy use. New traders will like it, but pros may miss deeper charting and more control.
| Platform | Available On | Description |
|---|---|---|
| eToro | iOS Android | Broker's own trading platform with integrated tools and account management. |
| eToro Platform | Web | Broker's own trading platform with integrated tools and account management. |
Data last reviewed:
The eToro platform sets it apart from its competition. An entirely web-based trading tool, the platform’s detailed graphics, and clean dashboard make it a popular tool for traders.
The platform also incorporates many advanced features.
Signing Up for eToro
After you set up an eToro profile, choose the “Trade for Real” option. Next, you’ll be asked to fund the account.
Once inside the eToro trading application, traders will see a screen with some of the instruments available for trading, like so:
eToro’s Charting Features
eToro offers functionalities like live interactive charts, a one-click buy/sell button, and account balances, among other features.
The sentiment function shows off one of the unique aspects of eToro’s social platform. Here, traders can see the percentage of all traders in the eToro community who are buying or selling any particular instrument.
When inside the eToro platform, clicking on an interactive chart button brings up a chart for the security, like so:
Charts can be customized using over 60 popular charting tools including Bollinger bands, moving averages, and oscillators, among others.
Buying and Selling on eToro
When a trader clicks the buy or sell button, they can set the size of the trade, leverage, a stop-loss, and a take profit value.
Most of the features available on the trading ticket screen are industry-standard.
How eToro Uses Market Sentiment
The market sentiment gauge shows allows traders to tap into what others on eToro are saying about the market, as well as what they’re doing.
Find Elite Traders on eToro with People Discovery
The People Discovery section of eToro is where the platform really stands out from its competitors.The eToro trading platform has a Discover People feature that works like a search engine for traders.
This section allows the trader to screen for different traders on the platform using country of origin, markets traded, percentage gains, and time frame.
The first thing you’ll notice about the discovery feature is the series of filters at the top of the page:
These filters allow you to narrow down the traders you want to follow according to specific criteria:
- People From: Traders can choose a country from a dropdown list or they can pick “Everywhere.” The platform then returns a list of traders from the country or countries.
- Who Invest In: You can filter by “Any Market” or choose a specific asset class (ie, currencies, commodities, indices, stocks, ETFs or Cryptocurrencies).
- Gained At Least and During The: You can filter by trader returns (ie, 5%, 10%, 25%, etc) over a specified time period (ie, 6 months, 12 months, current quarter, last two years, etc)
- Risk profiles: Traders can also screen by the risk profile of the trader and whether the results have been verified.
Additional Discovery Features
- Copy People — Traders on eToro can click on a trader they want to copy, set a copy amount for trading and begin copying the trades made by that individual — including the opening of new trades, managing stop-loss orders, and closing positions.
- Top Trader Insights — Here eToro collects data from the top 100 traders on the platform. It also features an economic calendar and market news.
How Does CopyTrader Work?
One of the main advantages of signing up with eToro is that traders can integrate social features into their trading. These features include:
- CopyTrader — With CopyTrader, traders can interact with each other, copying strategies and interacting with more experienced traders since all trader activity is visible.
- Popular Investor Program — With enough experience, anyone can become a trading influencer and earn monetary rewards from it. See more about the Popular Investor Program below.
- Social News Feeds — Read posts from other traders and post information and status updates yourself.
- Sharing Externally — eToro allows traders to share news, analysis, charts (and more) to other social networks like Facebook, Twitter, Instagram, Youtube, and Telegram.
CopyTrader Guidelines
eToro has certain guidelines that apply when using the CopyTrader feature:
- Copy Minimum: $200 is the minimum trade amount that you can copy.
- Copy Maximum: $500,000 is the maximum trade amount that you can copy from a sole trader.
- Limit: You can only copy 100 traders simultaneously.
- Minimum trade amount: For a copied trade, $1 is the minimum amount.
- Closing: When you manually close a copied trade, your copy balance will be copied with any funds from this position. (This is not the amount traded in open positions but the amount you’ve allocated to copy this trader.)
Additional guidelines must be adhered to if traders want to copy an entire list of trades from one trader:
- Market rates: Your account will be opened with the existing open positions at the market rates at the time of copying — not the rates the Copied Trader opened the original trades.
- Stop-loss: Your trades will have the original trade’s stop-loss and take profit.
Stop-loss and take profit are not guaranteed. - Future actions: Your trades will mirror the future actions of the Copied Trader. This includes stop-loss and profit, as well as the closing of the trade as soon as you copy them.
- Closing trades: Closing a specific copied trade won’t close your entire copy account.
- Market orders: Should a position be opened in a market that’s closed at the time of copying (eg, a market break), a Market Order will be opened by the system for the Copier. As soon as the market opens, an order is executed into a position with the first market rate.
- See all copied trades: If you wish to see all of the trades you’ve copied from one trader, simply go to your portfolio and click on the name of the Copied Trader.
Key Differentiator
One of eToro’s key differentiators is its CopyPortfolios feature. Once you’ve found a Popular Investor whose strategies you like, you can copy that person’s entire portfolio over to your own account.
Alternatively, traders can opt to take advantage of eToro’s Market Portfolios, which are managed by eToro itself. The CopyPortfolios committees in charge of each Market Portfolio automatically rebalance them when necessary.
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eToro Mobile
eToro’s Mobile app features the same interface and platform that its browser-based platform uses for both Android and iOS devices.
Advanced Features for High Level Traders
eToro also has more advanced trading filters for traders who want more control over whom they follow.
Choosing “Advanced Search” brings up these additional filters:
- Time Period: The timeframe for the trader’s activity.
- Status: Traders can choose to follow only traders who have verified their accounts with eToro as well as only traders who are part of the Popular Investor Program (see below).
- Country: Location of trader.
- Name and Picture: You can choose to follow only traders with profile pictures.
- Copiers: You can choose to follow traders based on how many other people follow them:
- Copiers Change: The percentage change in the number of people following the copied trader.
- Copy AUM: The total assets under management of the copied trader. With this feature, you can choose, for example, to follow only traders with assets in their account over a certain amount.
- Performance: With these filters, you can choose to follow traders based on the returns of their account, their percentage of profitable trading months, or their percentage of profitable trades.
- Risk Score: eToro assigns a risk score to each portfolio, which is an indicator of how exposed the portfolio is to market volatility. You can filter by risk score to gauge how much volatility to expect from following a particular trader.
- Portfolio: A filter for following based on a trader’s allocation or average trade size.
- Activity: A filter for following based on how active a trader is in the market.
How to Participate In eToro’s Popular Investor Program
eToro’s Popular Investor Program allows traders to be found in People Discovery and to let others copy their trades. The program has four levels, each with its own requirements and benefits:
- Cadet
- Champion
- Elite
- Elite Pro.
In order to apply for the Popular Investor Program, traders must verify their account with eToro.
To be accepted at the minimum level (Cadet), traders must meet the following requirements:
- Leverage: You must not have open positions exceeding the leverages outlined in the eToro Responsible Trading requirements.
- Risk score: You must not have had a risk score higher than 6 in the 2 calendar months prior to joining the program.
- History: You have at least 2 months of trading history.
- Strategy: You have your own unique trading strategy and you are not copying an individual trader or CopyPortfolio with more than 25% of your equity.
- Funding: Your deposits total at least $1,000, minimum average equity of $500, and at least one verified copier with a minimum AUM of $200.
When trades are copied by other people, an eToro Popular Investor can earn up to 1.5% payment based on average assets under construction (AUC). These payments are added to any other profits you make.
eToro pays you if you have traders follow you and copy your trades.
How To Use The eToro Demo Account
The eToro demo account looks identical to the eToro standard account. The only difference is that traders start with a $100,000 balance in virtual funds.
To access the demo account, the trader logs into the account. Next, the trader clicks virtual portfolio and confirms the selection.
Once in demo mode, traders have access to the trading screen, the trade ticket, charts, and all of the social features of the platform.
eToro Trading Academy
In addition to the demo mode, traders can access other resources to help them learn how to trade, like the Trading Academy,
Trading Academy offers webinars on how to maximize success on the eToro platform and an education center with e-courses and training videos.
Trading Academy also offers a section with tips for traders.
eToro Platform Limitations
Here are some of eToro’s limitations as a trading platform.
Brokers Set Amounts
With most brokers, the trader sets the number of units, lots, or shares for purchase and the broker calculates the leverage needed given the trader’s account balance.
However, with eToro’s platform, the trader sets the amount of capital and leverage and the broker calculates the number of units, lots, or shares the trader can purchase.
Although this is not necessarily a disadvantage of eToro, it may be confusing for some traders.
Finding Available Instruments Can Be Tricky
Another shortcoming of the platform is that the first screen in the real trading application only shows some of the instruments available for trading.
The drop-down menu shows currency pairs, indices, and commodities, but fails to list the CFDs for listed companies.
To find these instruments, a trader must either use the menu under the Markets section or find them using the search function in the menu bar. Thus, a trader unfamiliar with equity markets may not know what stocks are available for trading.
Start Trading Now at eToro.com
Trust & Regulation
eToro has been around since 2007 and it is a public company, which adds real weight. It also keeps client funds in segregated accounts, so the setup feels solid and well watched.
Any discussion of online brokerage safety primarily centers on three topics: regulation, security technology, and quality of customer service.
Which Agencies Regulate eToro?
eToro receives regulatory oversight from the following regulatory bodies, depending on the countries where they operate:
- eToro USA is registered with FinCEN as a Money Services Business.
- eToro Europe is a registered Cypriot Investment Firm (CIF), registration number HE20058. It’s regulated by the Cyprus Securities & Exchange Commission (CySEC) under license number 109/10.
- In the UK, eToro UK, company registration no. 7973792, is regulated by the Financial Conduct Authority (FCA), firm reference number 583263.
- eToro Europe and eToro UK both operate under and comply with the Markets in Financial Instruments Directive (MiFID).
- eToro Australia, ABN 66 612 791 803, holds Australian Financial Services Licence (AFSL) 491139, issued by the Australian Securities and Investments Commission (ASIC), and regulated under the Corporations Act (Commonwealth).
These agencies require the firms they regulate to meet stringent guidelines.
The table below helps you to understand which countries fall under the jurisdiction of which regulator so you can better understand the protections offered.
| Regulator | Country | Licence # | Tier |
|---|---|---|---|
| ASIC | 🇦🇺 Australia | 319738 | Top Tier |
| FCA | 🇬🇧 United Kingdom | FRN 583263 | Top Tier |
| FinCEN | 🇺🇸 United States | - | Top Tier |
| CySEC | 🇨🇾 Cyprus | 109/10 | Established |
| MAS | 🇸🇬 Singapore | - | Established |
| ADGM | 🇦🇪 United Arab Emirates | Financial Services Permission Number 220073 | Established |
| FSA | 🇸🇨 Seychelles | SD076 | Basic |
| Protection | Status |
|---|---|
| Negative Balance Protection | ✓ Yes (retail clients) |
| Segregated Client Funds | ✓ Yes |
| Compensation Schemes | ✓ FSCS (UK, up to GBP 85,000); ICF (Cyprus, up to EUR 20,000) |
| Detail | Information |
|---|---|
| Headquarters | 🇮🇱 Bnei Brak, Israel |
| Founded | 2007 (19 years) |
| Publicly Listed | Nasdaq Global Select Market (ETOR) |
Trust Indicators
How Secure Is eToro’s Technology?
eToro takes the following steps to secure its technology:
- SSL encryption
- Firewalls
- Two-factor authentication (“2FA”) via SMS (optional, requires opt-in)
- Mandatory proof of identity and address for all accounts (see Account Verification above)
- Compliance with the US Patriot Act to prevent funding of terrorism and money laundering.
How to Contact eToro’s Customer Support
eToro offers customers 24-hour support 5 days a week. Customers who need assistance can reach the company by email, fax or live chat. The eToro website supports over 20 languages, including:
- Arabic
- Chinese
- Czech
- Danish
- Dutch
- English
- Finnish
- French
- German
- Italian
- Malay
- Norwegian
- Polish
- Portuguese
- Romanian
- Russian
- Spanish
- Swedish
- Vietnamese.
Start Trading Now at eToro.com
eToro’s History
eToro was the brainchild of brothers Ronen and Yoni Assia, who founded the firm in 2007 along with their partner David Ring.
The trio’s vision was to create a trading platform that appealed to a wide audience and was user-friendly.
eToro has recently secured sponsorship deals with five UK Premier League clubs including Leicester City, six German soccer teams, as well as Danish champions FC Midtjylland, and AS Monaco.
Who Runs eToro?
The eToro board currently consists of 4 directors. We have listed the main management team and board members:
| Name | Title | Notes |
|---|---|---|
| Yoni Assia | Founder | CEO |
| Ronen Assia | Co-Founder | Chief Product Officer |
| Santo Politi | Board Member | Co-founder and General Partner at Spark Capital. |
| Anver Stepak | Board Member | ex-CEO of Meitav Dash |
| Eddy Shalev | Board Member | Founder & Managing Partner, Genesis Partners |
Start Trading Now at eToro.com
Verdict
eToro is a pioneering social trading platform that enables traders to copy successful strategies from other community members while trading CFDs and cryptocurrencies across multiple asset classes.
Top advantages:
- Established social trading network with CopyTrader tool for copying successful trader strategies
- Free demo account available for life
- Islamic accounts available for traders following Sharia law
FAQs
Is eToro trustworthy?
In Europe and the UK, eToro is regulated by the Financial Conduct Authority (FCA) and the Cyprus Securities Exchange (CySEC). It also complies with the Markets in Financial Instruments Directive (MiFID). In Australia, the company is regulated by the Australian Securities and Investments Commission (ASIC). The regulatory body in the US is FinCEN.
You can find out more about regulatory agencies on our Regulators reference page.
Is eToro good for learning?
eToro has educational material that is made for learners, like its Trading Academy. eToro also has social trading aspects that can help learning traders understand the strategies of other traders, like CopyTrader and CopyPortfolio. Still, eToro as a multi-asset platform involves risks for all instruments like stocks, crypto assets, and CFDs.
Risk Warning
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Crypto investments are risky and may not suit retail investors; you could lose your entire investment. Understand the risks here.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Past performance is not an indication of future results.
Commodity.com is compensated if you access products or services offered by eToro USA LLC and/or eToro USA Securities Inc., as applicable. This compensation incentivizes Commodity.com to describe those products and services in favorable terms. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.
Credits: Original eToro review written by Lawrence Pines. Major updates and additions by Natalie Mootz with contributions from the Commodity.com editorial team.
Update history
This page was revised 82 times between April 2020 and April 2026.
Replaced embedded jurisdiction table with structured data shortcodes for regulatory information in the Agencies Regulation section.
Removed toggle functionality from eight collapsible sections across the review, converting them to static headings.
Reorganized Fast Facts section by relocating the comparison table shortcode to the "Who Is eToro Best For?" section.
Added disclosure about $TRUMP token availability restrictions across multiple regions.
Reorganized leverage table to group related asset classes and added pros/cons comparison widget to Verdict section.
Restructured page headings for consistency, standardizing section titles and removing product-specific prefixes across six sections.
Added new sections covering eToro's global operations across 70+ countries, quick summary table, eligibility criteria, and compliance disclaimers for US users.
Removed entire introductory content structure including quick summary table, fast facts comparison table, operational coverage details for 60+ countries, and call-to-action buttons.
Replaced generic crypto risk disclaimer with more specific warning about investment loss potential and added link to risk information.
Replaced generic crypto risk disclaimer with more specific guidance about losses and regulatory understanding in learning section.
Updated retail investor loss statistic in CFD risk disclaimer.
Updated retail investor loss rate from 51% to 61% in CFD risk disclosure.
Added new section detailing stock trading commission fees for seven specific countries and updated alert box to reflect these regional fee changes.
Added new section detailing regional stock trading commissions for seven countries and updated related disclosure box with current fee information.
Updated regulatory disclaimers for UK traders, removed three payment methods, clarified debit card types, and corrected retail loss statistic from 76% to 51%.
Updated regulatory disclosures across multiple sections with revised risk warnings, cryptocurrency restrictions for UK traders, and current loss statistics for CFD trading.
Updated minimum deposit table with expanded geographic breakdown, adding 40+ countries with tiered deposit requirements from $50 to $2,000.
Replaced outdated deposit minimums table with breakdown covering 50+ countries and specific regional tiers.
Added risk disclosure statement about investment value and capital risk.
Added risk disclosure statement to "Who Is eToro Best For?" section.
Removed Netherlands from the $50 minimum deposit tier in the country comparison table.
Removed Netherlands from the $50 minimum deposit tier and its listing of operating countries due to regulatory changes.
Updated US account terms with separate $10 minimum deposit, added cryptocurrency fee details, clarified crypto wallet withdrawal mechanics, and updated risk disclosure percentages.
Added crypto fee clarification and regulatory warnings, updated minimum deposit structure for US users, and refined withdrawal fee language.
Removed Dash (DASH) from the cryptocurrency offerings list in both the introductory text and reference table.
Removed Dash (DASH) from the cryptocurrency trading table in the Cryptocurrency Coins Trading section.
Removed five Asian countries from eToro's supported jurisdictions list.
Removed outdated wallet regulation details and Diners Club payment method, updated CFD loss percentage from 78% to 77%, and added risk clarification to stop-loss feature.
Removed wallet regulatory details, dropped Diners Club payment option, added risk disclaimer to stop-loss guidance, and updated ESMA statistic
Added list of 195+ countries where eToro operates, providing clearer geographic availability information for potential users.
Updated regulatory disclaimers for crypto and CFDs with current risk statistics, replaced outdated terminology, and added tax implications notice.
Updated risk disclaimers throughout with current CFD loss statistics, clarified cryptocurrency volatility warnings, and corrected "CopyFund" to "CopyPortfolio."
Simplified and clarified US regulatory restrictions by removing outdated CFD references and XRP trading suspension note, while consolidating country-specific disclosures into conditional sections.
Simplified US regulatory messaging by removing outdated CFD restrictions and clarifying that eToro USA now offers stocks and cryptocurrencies trading.
Reorganized crypto fee disclosure to exclude US traders via conditional tag and corrected grammar in forex spreads sentence.
Reorganized crypto fees section to clarify that the 1% trading fee applies universally except for US traders, and fixed grammar error in Forex section.
Added clarification that eToro charges an additional 1% universal crypto trading fee on top of spreads.
Added clarification that eToro charges an additional 1% universal crypto trading fee on top of spreads in the Spreads and Fees section.
Added risk warning disclosure and affiliate compensation notice to comply with regulatory transparency requirements.
Added affiliate disclosure and risk warning elements to strengthen transparency about eToro compensation and regulatory information.
Fixed spelling error in language list (Spanish was truncated to "Spanis").
Fixed spelling error in supported languages list.
Clarified that US citizens can trade stocks and ETFs on eToro in addition to cryptocurrencies.
Updated USA trading restrictions section to clarify that stocks and ETFs are also available alongside cryptocurrencies.
Added risk warning section covering CFDs, leverage risks, and regulatory disclosures, removed outdated section heading, and updated country availability list.
Added risk warnings about CFDs and cryptoassets in the learning section, removed a section heading, and updated the countries list.
Expanded the $50 minimum deposit tier to include 10 additional countries beyond Australia and the United States.
Added specific cryptocurrency examples to the list of coins offered and clarified that XRP suspension applied to US customers only.
Added specific cryptocurrency examples to the coins list and clarified that XRP suspension applies only to US customers.
Clarified that United States users can only access crypto trading on eToro.
Clarified that United States users have access only to crypto trading on eToro in the regional availability list.
Added alert box noting eToro's recent sports sponsorship deals across European football leagues.
Added alert box highlighting eToro's recent sports sponsorship deals with Premier League and European football clubs.
Added list of 60+ countries where eToro is unavailable, replaced brief mention, and added risk disclosure alerts for stocks, ETFs, and crypto products.
Added list of 60+ countries where eToro is unavailable, expanded regulatory disclaimers for stocks/ETFs and cryptocurrencies, and replaced outdated country restriction summary.
Updated copy trading limits and terminology for accuracy, refined several headings for conciseness, and added language about country availability.
Refined copy guidelines language for precision, updated section headings for conciseness, and clarified CopyTrader description while adding country-availability context.
Updated cryptocurrency offerings to reflect eToro's suspension of Ripple trading following SEC lawsuit against Ripple Labs, removing XRP from supported coins and fee table.
Updated cryptocurrency trading section to reflect eToro's suspension of Ripple trading following SEC lawsuit and removed XRP from withdrawal fee table.
Simplified two subheadings by removing redundant "eToro" references and added table of contents.
Removed reference to local phone support and added US regulatory disclaimer in learning section.
Added product offerings documentation covering 250+ ETF CFDs, stock trading categories across nine exchanges, 15 tradeable indices with descriptions, commodity and forex options, and US regulatory restrictions.
Added forex spread reduction data with new comparison table showing 10 currency pairs and introduced pipette pricing explanation.
Replaced 12 repetitive static risk warnings with dynamic templated risk warning components across all major sections.
Added risk disclaimer notices to two sections.
Added risk disclosure statements to three product sections and reformatted USA liability notice.
Added regulatory CFD risk disclosure, softened absolute language in one recommendation, and corrected two minor grammar issues.
Added multiple regulatory risk warnings throughout the review, expanded geographical restrictions detail, and clarified CFD availability limitations across regions.
Added details across multiple sections including crypto withdrawal fees table, fiat conversion rates, account verification requirements, CopyTrader mechanics, security features, and customer support languages.
Rewrote opening sentence in eToro Overview for improved clarity and flow.
Updated eToro's risk warning percentage across six sections to reflect current trader loss statistics.
Added geographic availability details including 160+ countries where eToro operates, restricted markets, and 38 US states/territories allowing cryptocurrency trading.
Reordered regulatory information to prioritize US registration and added editorial credits acknowledging original author and May 2020 updates.
Standardized and simplified risk disclaimers throughout the article, removing redundant explanatory text about CFD complexity while updating retail investor/trader terminology.
Added cryptocurrency trading section with detailed listings of eToro's crypto crosses and coins, wallet functionality, and regulatory oversight information across five jurisdictions.
Added sections detailing eToro's CFD offerings across stocks, ETFs, indices, commodities, and forex with specific product counts and tables, plus new cryptoassets section.
Expanded geographic coverage details with 38 U.S. states and restructured operational regions as bulleted lists, while softening language about market disruption.
Restructured FAQ section into distinct headings, updated minimum withdrawal from $50 to $30, and refreshed risk disclaimers across multiple sections.
Rewrote platform overview for clarity, simplified cryptocurrency section, removed redundant phrasing in inactivity fee description, standardized punctuation in People Discovery filters, and added external link targeting.
Added substantial content across multiple sections including cryptocurrency CFD details, account requirements, spread/fee tables, charting features, market sentiment explanation, People Discovery filters, and CopyPortfolios overview.
Added sections on account setup, verification requirements, deposit options, fee structures including leverage table, and withdrawal procedures.
Added structural framework with multiple new sections covering eToro's operations, trading products (CFDs, cryptocurrencies, stocks, indices, commodities), regulatory geography, and platform features.
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