I've thoroughly tested eToro services with our analyst team by opening a real-money account and these are my most important findings:
- At eToro, you can trade US, UK and German stocks commission free
- Commission-free stock trading is increasingly common among stock brokers
- Commission-free stock brokers often charge users via a wider buy/sell spread
You can view stock trading fees charged by eToro in the most popular trading locations in the table below.
Country | Fee amount |
---|---|
US | Free stock and ETF trading, except for clients in Australia, Denmark, Finland, the Netherlands, Norway, Spain, and Sweden, where a $1-2 commission per trade applies for stocks |
UK | Free stock and ETF trading, except for clients in Australia, Denmark, Finland, the Netherlands, Norway, Spain, and Sweden, where a $1-2 commission per trade applies for stocks |
Germany | Free stock and ETF trading, except for clients in Australia, Denmark, Finland, the Netherlands, Norway, Spain, and Sweden, where a $1-2 commission per trade applies for stocks |
Data updated on March 17, 2025
At BrokerChooser, we only publish objective analyses based on live testing. Every recommendation is unbiased and based on first-hand experience: we open a live account anonymously at each broker, deposit real money and test every important feature.
eToro securities trading offered by eToro USA Securities Inc, member of FINRA & SIPC. Investing involves risk.
How does commission-free stock trading work?
Are you worried that stock trading commissions will put a dent in your investment performance? There's an easy remedy for that: commission-free stock trading. Yes, you heard that right. Many brokers in the US, and now also increasingly in Europe, charge you nothing for buying or selling stocks (or ETFs).
Some of you must be wondering, how can brokers make a living if they offer stock trading for free? First of all, while stock trading may be free, these brokers often charge fees for trading assets other than stocks (such as bonds or mutual funds), or for other services such as money withdrawals or currency conversion.
Also, did you notice that tiny spread between the buy/sell prices of a stock? That spread goes toward the profit of so-called market makers - basically large traders that help execute everyone's buy/sell orders. Brokers can receive a slice of this profit in exchange for channeling your buy/sell order to a specific market maker; this is called payment for order flow. Because of this, you may get slightly less favorable price quotes than at non-commission-free brokers.
Like with all things free, watch the fine print. Commission-free trading sometimes applies to US stocks only, not international stocks. Be mindful of conversion fees, which may apply if you trade an asset in a currency other than that of your account. In general, don't let a tiny stock commission deter you from a broker if its other fees are low and its services overall are great.
To read more about possible expenses you may face as a long-term investor, check out our summary of the most common brokerage fees.
Risk disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Disclaimer: 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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.
eToro USA LCC does not offer CFDs, only real Crypto assets available.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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 minutes 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.
This material has been translated, and its content may not be suitable for every recipient. Additionally, certain products may be restricted in your region.
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.
Further reading
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.