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Written by: Gyula L. Updated: Jan 2023
Expert verified
Recommended for
  • beginners 4.7/5
  • equity trading 4.7/5
Trusted broker
Regulated by top-tier financial authorities
Popularity
23,495 people chose this broker in the last 6 months
BrokerChooser Score
4.9/5

eToro review summary

eToro is an excellent choice for those interested in low-cost trading of stocks, CFDs, forex and cryptos on an outstanding mobile app. eToro offers free stock and ETF trading, easy account opening, and one of the best crypto selections in the industry. Its biggest appeal is copy trading, where you can track the trades and portfolios of other users. eToro’s trading platforms are intuitive and easy to use, making it suitable for beginners. Still, there are areas where eToro disappoints, including high non-trading fees (for withdrawal and currency conversion), inflexible account plans and elusive customer service. eToro USA LCC does not offer CFDs, only real Crypto assets available

You can be sure that eToro is not a scam, as we tested it with a live account and had no trouble accessing our funds. In case of any major problems, you may be eligible for state-mandated investor protection and/or additional insurance of up to €/AUD1 million by eToro.

eToro is available in United States

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eToro pros and cons

Pros Cons
Free stock and ETF trading High non-trading fees
Seamless account opening Only one account base currency
Social trading Customer support should be improved

eToro main highlights

🗺️ Country of regulation UK, Cyprus, Australia
💰 Trading fees class Low
💰 Inactivity fee charged Yes
💰 Withdrawal fee amount $5
💰 Minimum deposit $10
🕖 Time to open an account 1 day
💳 Deposit with bank card Available
👛 Depositing with electronic wallet Available
💱 Number of base currencies supported 1
🎮 Demo account provided Yes
🛍️ Products offered Stock, ETF, Forex, Options, CFD, Crypto

eToro video summary

🆕 If you’re a first-time investor, we’re here to help you buy your first stock!
Follow our new step-by-step guide , including screenshots and hands-on tips, and you’ll have no trouble purchasing your first stocks by yourself!
To read much more details about the broker's services and features, expand on the sections below.

eToro review
Fees

4.2
eToro offers free stock, ETF and options trading, while forex and CFD fees are low. On the negative side, non-trading fees are high, including a $5 withdrawal fee.
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eToro review
Account opening

5.0
Account opening at eToro is seamless and very fast, and the minimum deposit is relatively low for most countries.
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eToro review
Deposit and withdrawal

3.8
Depositing money is easy, with a lot of available options, although there is a $5 withdrawal fee. As only USD accounts are available, you may pay a high conversion fee if you deposit or withdraw in another currency, like EUR or GBP.
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eToro review
Web trading platform

4.4
eToro offers a user-friendly and well-designed web trading platform, where social trading is also available. On the other hand, the platform's customizability is limited.
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eToro review
Mobile trading platform

4.9
eToro's mobile platform is well-designed, intuitive and considered safe thanks to the two-step and biometric login functions.
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eToro review
Desktop trading platform

eToro does not offer a desktop trading platform.
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eToro review
Markets and products

4.7
At eToro, you can trade CFDs and forex, as well as real stocks, ETFs, many cryptos and options. Innovative services like social trading and Smart Portfolios are also available.
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eToro review
Research

3.5
eToro has good technical analysis tools. There are some analyst recommendations and market sentiment indicators available, but no comprehensive fundamental data.
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eToro review
Customer service

4.0
eToro customer service is below average: you can reach them mainly via web-based tickets but it may take a long time to get a response. Live chat is only available for Club members.
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eToro review
Education

5.0
eToro has various educational tools available in different formats, but the overall quality is mediocre.
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eToro review
Safety

eToro is regulated by top-tier financial authorities like the FCA, and ASIC as well as CySEC. However, it is not listed on any stock exchange and does not have a bank parent.
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eToro review
Bottom line

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eToro review
FAQ

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Author of this review

Gyula Lencsés, CFA

Author of this review

Gyula has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex and derivatives markets.

Gyula Lencsés, CFA

Head of Content

Gyula has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex and derivatives markets.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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