eToro review

Regulated by

FCA (583263); CySEC (109/10); ASIC (AFSL 491139); Seychelles FSA (SD076); ADGM FSRA (220073); MAS (CMS101824); SEC/FINRA (CRD 298361)

Regulator tier

Tier 1

Register entry

FCA Financial Services Register, FRN 583263

Client money segregated

Yes

Held at

J.P. Morgan, UBS, Citi, Barclays and other applicable custodian banks

Negative balance protection

Yes

Compensation scheme

FSCS up to £85,000 for eligible UK clients; ICF up to €20,000 for eligible EU clients; SIPC up to $500,000 including $250,000 cash for eligible US securities clients

Audited by

EY

Not available to

Afghanistan, Belarus, Cuba, Iran, North Korea, Russia, Syria and other unsupported/restricted jurisdictions

The licence is what decides where your money sits and who is obliged to do something about it.

eToro holds tier-one authorisations from ASIC, FCA, CySEC and MAS. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

It also operates an offshore entity (FSA). Which one you are onboarded to depends on where you live, and the two carry very different protections - worth confirming before you deposit.

ASIC caps retail leverage at 1:30, requires negative balance protection, and obliges the broker to hold client money in a separate trust account.

The FCA caps retail leverage at 1:30, mandates negative balance protection, and covers eligible clients under the Financial Services Compensation Scheme.

CySEC licences passport across the EU and follow the 1:30 retail leverage cap, with the Investor Compensation Fund covering eligible claims.

Check the licence yourself: the FCA Register, the CySEC register of investment firms, ASIC Connect, the Seychelles FSA list of regulated entities, the MAS Financial Institutions Directory, FINRA BrokerCheck.

Legal entity

eToro Group Ltd.

Company number

515734151

Headquarters

Bnei Brak, Israel

Founded

2007

Publicly listed

Yes, Nasdaq (NASDAQ: ETOR)

Parent company

Independent

Employees

Approx. 1,500

Also trades as

eToro; eToro Money

Spread from

0.2 pips

EUR/USD spread

Approx. 0.5 pips

GBP/USD spread

Approx. 0.5 pips

Commission

$0

All-in cost, EUR/USD

Approx. 0.5 pips

Spread type

Variable

Overnight swap

Both: overnight fees apply to leveraged/CFD positions

Withdrawal fee

$5 from USD account; free from eligible local-currency accounts

Currency conversion

Variable by currency, payment method, location and eToro Club tier

Cost is the last thing to weigh here, and never the thing that should decide it.

A quoted spread from 0.2 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

eToro lists a minimum deposit of $50. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Platforms

eToro Web Platform, eToro mobile app

Own platform

Yes

Mobile app

Proprietary

Browser trading

Yes

Automated trading

No traditional MT4/MT5 EAs; automation possible through API/app ecosystem

Copy trading

Yes, CopyTrader

Indicators

100+

Third-party tools

TradingView charting, TipRanks, AI-powered tools/apps

API access

Yes, Public API

eToro offers eToro Web Platform, eToro mobile app. A proprietary platform can be excellent, but it means your setup does not transfer if you later change broker.

Markets

Forex, Stocks, ETFs, Indices, Commodities, Cryptocurrencies, Futures

Currency pairs

60+

Total instruments

7,000+

Crypto CFDs

Yes, jurisdiction-dependent

Maximum leverage

1:30

Execution model

Market maker / principal execution

Execution speed

Under 1 second

Order types

Market, limit, stop-loss, take-profit, trailing stop-loss

Servers

Global cloud/data-centre infrastructure

Leverage is capped at 1:30, which is the retail limit under tier-one regulation. It is a protection rather than a restriction: it caps how quickly a position can move against your balance.

eToro covers forex, stocks, etfs, indices, commodities, cryptocurrencies, futures. A wider range matters less than depth in the instruments you actually trade.

Funding options: credit/debit card, bank transfer, paypal, skrill, neteller, etoro money and regional methods. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Minimum deposit

$50

Account types

Retail, Professional, Corporate, Islamic, Demo

Account currencies

USD, AUD, GBP, EUR, DKK

Islamic account

Yes

Demo account

Yes, unlimited with $100,000 virtual funds

Professional account

Yes

Minimum trade size

$10

Time to open

Typically a few minutes

Deposit methods

Credit/debit card, bank transfer, PayPal, Skrill, Neteller, eToro Money and regional methods

Withdrawal methods

Bank transfer, cards, PayPal, eToro Money and supported payment methods

Deposit time

Instant for cards and most e-wallets; bank transfers generally 4-7 business days

Withdrawal time

Typically up to 10 business days depending on method

Minimum withdrawal

$30 from USD account; no minimum from eligible local-currency accounts

Local payment methods

eToro Money; local bank transfer and jurisdiction-specific payment methods

Support hours

24/5

Contact channels

Live chat, support ticket/email

Languages

20+ languages

Telephone

N/A

Email

customerservice@etoro.com

Live chat response

Typically under 5 minutes

Education

Extensive: eToro Academy, courses, guides, videos, tutorials and webinars

Research

Extensive: market analysis, news, analyst research, sentiment, TipRanks and community data