eToro
eToro is the world's leading social trading platform, letting EU traders copy successful investors while also offering commission-free stock trading alongside forex.
#30/30|EUR/USD all-in: $10.00/lotSpread Index- EUR/USD spread
- 1.0 pips
- Min deposit
- $50
- Max leverage
- Up to 1:30
- Regulators
- CySEC
- Platforms
- eToro Platform, eToro App
eToro does not onboard clients from your region — editorial link only, no commission.
etoro.comCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Quick Answer
eToro is the world's leading social trading platform, letting EU traders copy successful investors while also offering commission-free stock trading alongside forex. With an overall score of 8.5/10, it is best suited for multi-asset traders as well as risk-conscious traders. Key features: Social/copy trading - follow successful traders; Real stock and ETF trading (zero commission); User-friendly proprietary platform.
Based on our independent 2026 evaluation of eToro across 8 scoring dimensions.
Latest News
eToro in the News
ESMA Risk Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Platforms Desk
Platforms desk
Key Facts
Min Deposit
$50
EUR/USD Spread
1.0 pips
Max Leverage (Retail)
Up to 1:30
Commission
None (spread-only)
Platforms
eToro Platform, eToro App
Regulators
CySEC
Last verified
7 September 2026 · Markets Desk
Verified eToro's multi-jurisdiction licence stack against the CySEC, FCA and ASIC public registers (licences unchanged since the 24 July 2026 check; re-confirmed 7 September 2026). EU/EEA retail clients contract with eToro (Europe) Ltd (Cyprus Company No. HE 200585), a Cyprus Investment Firm under CySEC licence 109/10; the same entity holds a CySEC MiCA authorisation (granted February 2025) to provide crypto-asset services across the EU. UK retail runs through eToro (UK) Ltd (FCA FRN 583263) and Australia through eToro AUS Capital Pty Ltd (ASIC AFSL 491139). The parent, eToro Group Ltd, has been listed on NASDAQ (ticker ETOR) since its 14 May 2025 IPO, so audited financials are public — a meaningful E-E-A-T signal. Its Q2 2026 results (released 11 August 2026) reported net contribution up 9% YoY to $229M, adjusted EPS of $0.68 (beating the $0.61 consensus), funded accounts up 18% YoY to roughly 4.3M, and $1.2B cash with no debt; eToro also announced an agreement to acquire US brokerage TradeZero (expected to close 1H 2027, not yet completed) and launched a new AI-first app. EEA retail clients are covered by the Cyprus Investor Compensation Fund up to EUR 20,000, with ESMA-compliant 30:1 retail leverage caps and negative-balance protection binding the CySEC entity. Spread-only CFD pricing and the USD 5 withdrawal fee confirmed against eToro's published fee schedule.
Sources reviewed
Facts confirmed
- CySEC CIF licence 109/10 active for eToro (Europe) Ltd (Cyprus Company No. HE 200585), the EU/EEA retail servicing entity(CySEC Investment Firms Register)
- eToro (Europe) Ltd granted a CySEC MiCA authorisation (February 2025) to offer crypto-asset services across the EU(eToro regulation & licence disclosure)
- FCA FRN 583263 active for eToro (UK) Ltd (UK retail)(FCA Financial Services Register)
- ASIC AFSL 491139 active for eToro AUS Capital Pty Ltd(ASIC Professional Register)
- Parent eToro Group Ltd listed on NASDAQ (ticker ETOR) since its 14 May 2025 IPO, with audited financials public(eToro Group investor relations (NASDAQ: ETOR))
- Q2 2026: net contribution +9% YoY to $229M, adjusted EPS $0.68 (beat $0.61 est.), funded accounts +18% YoY to ~4.3M, $1.2B cash and no debt; TradeZero acquisition announced (expected close 1H 2027, pending)(eToro Q2 2026 results (11 August 2026))
- EU/EEA retail clients covered by the Cyprus Investor Compensation Fund up to EUR 20,000, under ESMA 30:1 retail leverage caps and negative-balance protection(eToro regulation & licence disclosure)
- Spread-only CFD pricing (no separate per-trade commission); USD 5 flat withdrawal fee and USD-denominated accounts(eToro fees schedule)
We verify each broker against primary regulator registers and the broker's own published documentation. We do not maintain live trading accounts with every broker. Where a claim requires observation we cannot make ourselves (live spread snapshots, platform UX), we cite the broker's published documentation and flag any unverifiable claim plainly. Operator can request a re-verification cycle via the Markets Desk.
Scores Breakdown
Overall Score
Weighted average across all categories
Pros & Cons
Pros
- Social/copy trading - follow successful traders
- Real stock and ETF trading (zero commission)
- User-friendly proprietary platform
- CySEC and FCA regulated
- Wide range of assets beyond forex
Cons
- Wider forex spreads than dedicated forex brokers
- Withdrawal fee of $5
- No MetaTrader platform support
- Conversion fees for non-USD deposits
- Overnight fees can be high
eToro Review 2026
Overview
eToro occupies a unique space in the European brokerage landscape as the pioneer and market leader in social trading. For EU clients, the broker operates through eToro (Europe) Ltd, regulated by CySEC.
The core innovation is CopyTrader, which allows users to automatically replicate the trades of successful traders on the platform. This is particularly valuable for beginners who want market exposure without deep technical knowledge. Users can browse trader profiles, see their historical performance, risk scores, and portfolio composition before deciding to copy.
Pricing & Fees
Beyond social trading, eToro offers commission-free real stock and ETF trading across major global exchanges. This multi-asset approach means users can diversify beyond forex into equities, commodities, crypto, and indices all from one account.
The proprietary platform prioritizes simplicity and social features over advanced charting. While experienced forex traders may find it limiting compared to MetaTrader or cTrader, beginners and casual investors appreciate the clean interface.
Platforms & Tools
The downsides for serious forex traders are notable. Spreads on EUR/USD average around 1.0 pip, which is significantly wider than ECN brokers. The $5 withdrawal fee and USD-denominated accounts (meaning conversion fees for EUR deposits) add to the cost. eToro is best suited for casual investors and social traders, not high-frequency forex specialists.
Recent developments (as of Q2 2026): eToro Group Ltd, the NASDAQ-listed parent (ticker ETOR), reported second-quarter 2026 results on 11 August 2026 with net contribution up 9% year-on-year to $229 million, adjusted EPS of $0.68 (ahead of the $0.61 consensus), and funded accounts up 18% year-on-year to roughly 4.3 million — distinct from its approximately 40 million total registered users. Cash and equivalents stood at $1.2 billion with no debt. During the quarter eToro launched a new AI-first app organised around its 'Tori' assistant, alongside sub-accounts, eToro edge for active traders, eToro wealth and eToro work, and announced an agreement to acquire US brokerage TradeZero (expected to close in the first half of 2027) — its third acquisition signed in 2026 after completing the Zengo self-custodial wallet and Bit2C deals. The strategic direction is a broadening from social investing toward a four-pillar trading, investing, wealth-management and neo-banking platform with AI at its centre.
How to Open an Account with eToro
Register
Visit etoro.com and fill out the online registration form with your personal details.
Verify Identity
Upload your proof of identity (passport or national ID) and proof of address (utility bill or bank statement) to comply with KYC requirements.
Fund Account
Deposit funds using Bank Transfer, Credit/Debit Card, PayPal, or other supported methods. Minimum deposit is $50.
Start Trading
Choose your preferred platform (eToro Platform or 1 other options), set up your charts, and begin placing trades.
Trading Conditions
| Minimum Deposit | $50 |
| EUR/USD Spread | 1.0 pips |
| Commission | None (spread-only) |
| Max Leverage (Retail) | Up to 1:30 |
| Max Leverage (Pro) | 400:1 |
| Swap-Free Accounts | Not available |
| Platforms | eToro Platform, eToro App |
| Account Types | Retail, Professional, Corporate |
| Deposit Methods | Bank Transfer, Credit/Debit Card, PayPal, Skrill, Neteller, Klarna, iDEAL |
| Withdrawal Fee | $5 per withdrawal |
| Founded | 2007 |
| Headquarters | Tel Aviv, Israel |
EU Regulation & Protection
ESMA Compliant
Yes
Negative Balance Protection
Yes
Segregated Client Funds
Yes
Compensation Scheme
ICF up to EUR 20,000
Regulatory Licenses
CySECeToro FAQ
Common questions about eToro
Community Reviews
eToro User Reviews
Compare eToro With
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Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFD Risk Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This website is for informational purposes only. The content does not constitute investment advice. Trading leveraged products carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. EU retail leverage limits apply (ESMA): up to 30:1 on major FX pairs, 20:1 on minor FX, 20:1 on major indices, 10:1 on commodities, 5:1 on equities, 2:1 on crypto.
Free: EU Broker Regulatory Cheatsheet
4-page A4 reference — ESMA leverage caps, regulator strength ranking, and the 12-point pre-account checklist. Plus weekly broker updates.
No spam. Unsubscribe at any time. We respect your privacy.