This is a much higher fee than is charged at other similar brokers. EToro’s withdrawal fees are higher than other similar brokerages, and while it does not charge a fee for deposits, it charges high currency conversion fees for deposits in anything other than USD. To aid traders who commonly trade the same pairs, eToro’s platform gives traders a customisable dashboard overview of different currency pairs. EToro’s mobile trading platform is well-designed and easy to use. These include free market analysis, access to the Trading Signals platform, free withdrawals, access to a dedicated Customer Success Agent, analyst consultations, and more.
Trading Cost
EToro doesn’t disclose order execution quality statistics, but it has a best execution policy and has a very low level of payment for order flow, suggesting that the broker follows it. They include market order, limit order, stop-loss order, and take-profit order. The U.S. platform has very limited offerings compared to competitors. EToro offers a significantly broader range of options on its international versions of the experience. Beginner investors may feel more comfortable with the app’s familiar feel since eToro is not modeled on other traditional brokerage offerings. The app is built with interactive functionality so you can engage with other traders and navigate to popular investor profiles.
Deposit and Withdrawal
You’ve successfully signed up for our forex newsletter, where you’ll receive expert insights, market analysis, and the latest news straight to your inbox. We’ve tested hundreds of Forex brokers to etoro forex broker review find the safest, low-cost, and reliable brokers. Check out these other guides to enhance your forex trading knowledge and skills. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Every broker we recommend meets strict trust and safety criteria and is tested for reliability, transparency, and overall trading experience. To ensure fairness and transparency, we independently verify broker claims and integrate real-user feedback, regulator data, and live trading tests.
What CFDs* Can You Trade With eToro?
It offers very low spreads on share CFDs and low-to-average spreads on major forex pairs like EURUSD. Deposits and withdrawals with eToro are generally free of charge, except for withdrawals from USD accounts, which are liable for a $5 handling fee. In particular, the broker has its unique ‘Smart Portfolios’ allowing traders and investors to earn dividends over time. EToro stands out with its enhanced social and copy trading solutions and a wide selection of trading and investing instruments. The only thing lacking is actionable trading signals and third-party content for extra nuance. EToro offers a variety of instruments and contracts that are quite suitable for long-term trading, such as futures, ETFs, indices, and more.
eToro Non-Trading Fees
Naturally, some users find the lack of phone support inconvenient, especially for urgent matters. For more complex issue, such as identity verification, transaction disputes or document submission, users are encouraged to open a support ticket. EToro offers customer support primarily through live chat and ticket-based messaging, available in most regions 24 hours a day, from Monday to Friday.
Leverage
EToro offers a limited selection of market analysis and sentiment tools, but it offers excellent copy trading tools. And, unlike other brokers, eToro does not offer support for third-party platforms such as MT4. EToro offers a limited selection of trading platforms, only offering support for its in-house crowd trading platform. Although the CFD trading account is commission-free, spreads start at 1.0 pips on the EUR/USD, which is wider than other similar brokers.
EToro has developed a multifunctional web platform, which accommodates advanced technical analysis, market research, and copy trading. EToro charges a $10 monthly inactivity fee on dormant accounts, which applies until trading activity resumes or the account balance reaches zero. Social and copy trading are free, and most deposits and withdrawals come at no cost—except for withdrawals from USD-denominated accounts. Some regulators enforce stricter financial standards than others, so traders should understand the safety measures of the entity with which they choose to open an account. It safeguards client funds in segregated accounts, offers negative balance protection, participates in compensation schemes, and enforces capped leverage for retail clients. I opened a Retail trading account with eToro (UK) Ltd and performed my tests on the eToro web platform and the Delta mobile app.
Market Research and Analysis
The broker offers thousands of real stocks and investing contracts suitable for portfolio building. When reviewing a broker, we assess whether it suits different trading strategies and trader profiles. Its proprietary platform is intuitive and packed with features, including one of the best copy trading systems in the industry. EToro, founded in 2007 and based in London, is one of the most recognized names in online trading. Check out your top assets, see community stats, track your time in the market, and more. If you’ve been trading with eToro for over a year, the new feature us ready for you to discover.
Portfolio Analysis
Its diversified offering means investors can build broad portfolios under a single roof, although in some regions, crypto options will be limited by regulation constraints. Under eToro Europe (CySEC regulated), users may be legible for up to €20,000 as part of the Investor Compensation Fund (ICF) in case of insolvency. By adhering to strict compliance standards across different jurisdictions, eToro ensures robust investor protection, financial transparency, and operational integrity in every region it serves.
Its emphasis on copy trading is a core differentiator, allowing users to copy strategies of experienced traders. In this eToro Review 2025, we assess the broker’s credibility by using our FX Trust Score Index to evaluate regulatory compliance, security and fund protection measures, customer suppoty, online reputation and trading conditions. Our detailed eToro review provides valuable insights you may wish to consider before trading with this forex broker. For me, eToro is a gateway platform — a place to test ideas, copy a few smart traders, and get exposure to a mix of assets in one account. Moreover, the lack of advanced trading tools, in-depth research, and margin trading makes eToro less suitable for experienced traders looking to deploy advanced trading strategies. In addition to crypto trading, eToro users can also invest in stocks, ETFs, and options, providing a suite of products to choose from.
On the flip side, in-house platforms such as the one offered by eToro are often more beginner-friendly and easy to use. Retail clients can elect to become professional traders by successfully passing a test to determine their suitability. You can follow your verification status on the eToro platform. Known as one of the strictest regulators in the world, the FCA has put in place a number of restrictions to protect traders. We also found eToro’s customer service to be generally non-responsive and we were let down by the lack of educational support.
- It is important for individuals to conduct their own research and consider seeking advice from an independent financial advisor before making any trading or investment decisions.
- Check out these other guides to enhance your forex trading knowledge and skills.
- 77% of retail investor accounts lose money when trading CFDs with this provider.
- In 2010, eToro launched its flagship social trading feature that allows users to copy the trades of successful traders on the platform.
- We then developed a proprietary model that scored each company to rate its performance across 11 major categories and 89 criteria to find the best online brokers and trading platforms.
There are no fees for stock and ETF trading, although some ETFs may carry additional expenses on their own. While many of the articles provide information on cryptocurrency, other materials focus on products like the Smart Portfolio and trading strategies like technical indicators. You can also use it to send and receive money and store cryptocurrency. EToro offers cash management through eToro Money, which enables you to seamlessly deposit and withdraw funds to and from your eToro account. Currently, there are no fixed-income screener tools available, as this asset class is not offered on the platform. Currently, there are no mutual fund screener tools are available, as this asset class is not offered on the platform.
- CopyTrader provides the extent of trading idea generators at eToro.
- Moreover, the lack of advanced trading tools, in-depth research, and margin trading makes eToro less suitable for experienced traders looking to deploy advanced trading strategies.
- Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers.
- EToro stands out with its enhanced social and copy trading solutions and a wide selection of trading and investing instruments.
For users seeking advanced charting tools or deep technical analysis, the built-in toolkit may feel limited compared to MetaTrader platforms. The core strength is its social/copy trading architecture which gives traders the ability to follow, copy and interact with fellow traders. The platform also includes charts, market news, built-in sentiment indicators, and easy trading access.
Unlike many traditional brokers, eToro is not integrated with MetaTrader 4 or 5. Negative balance protection is available, ensuring traders cannot lose more than their account equity. Client funds are held in segregated bank accounts, separate from eToro’s operational capital. This broad regulatory footprint strengthens eToro’s credibility and reinforces its reputation as a globally trusted trading platform. In Australia, the broker is licensed by the Australian Securities and Investments Commission (ASIC), providing additional assurance for traders in the Asia-Pacific region. EToro is long-established and widely recognised for its social trading model and strong brand presence.
Although eToro has fractional investing, dividends paid out on the platform are not automatically reinvested in your portfolio. EToro’s third-party research is powered by TipRanks, a leading source for up-to-date recommendations from professional analysts at investment banks and financial companies from around the world. CopyTrader provides the extent of trading idea generators at eToro. Some more sophisticated tools are available from the chart screen as well, including Fibonacci retracement and the accumulative swing index.