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This eToro review gives you all the key facts you need to decide if it’s the right platform for your money. 


Let me tell you the Story

The Israeli brokerage firm eToro offers social trading services and multi-asset brokerages, specializing in financial and copy trading services. The company has registered offices in Cyprus, the United Kingdom, the United States, and Australia. As of 2018, the company’s value was $800 million, which tripled to $2.5 billion in 2020.


You pay no commission when you open a long, non-leveraged position on eToro. No spreads, no fees, and no hidden charges, and you actually own the underlying asset. With eToro, you can trade other asset classes with competitive spreads, including spreads as low as 1 pip for leading Forex pairs.

Deposits & Withdrawals Review



How long will it take for my deposit to show on eToro?

With a debit or credit card, you can make the deposit instantly. A bank transfer takes 2-3 business days.

When will I have access to my money if I withdraw from eToro?

Withdrawal via bank transfer takes around 2 working days.

What is eToro minimum deposit?

It is necessary to deposit a minimum of $50 to open an account with eToro. In the case of an electronic wallet, you can make a deposit of up to $30k if you use a credit or debit card, but you can make a deposit of as much as $40k if you use a debit or credit card.

Can I withdraw any amount?

There’s a minimum limit of $30.

Does eToro charge withdrawal fees?

Yes, it’s $5 per withdrawal.

Are there any terms on where I direct any funds I withdraw?

There is just one requirement for eToro withdrawals: they must be to your own name.

Accounts Type Review

Online account opening is easy with eToro. If you have a Facebook or Google account, you can also use that. You will just need an email address. A demo account is used to test the platform, and a live account is used to start trading with real money. In order to verify your identity and residency after depositing funds, you must upload a copy of your passport or ID and a utility bill or a bank statement.

Assets Review

Trading currency pairs on global Forex markets is what eToro can offer you if you're looking for a broker offering over 50 currency pairs.

As of right now, U.S. customers of eToro can trade 18 cryptocurrencies. TradeStation and Robinhood, two brokerages that offer crypto access, offer less. However, crypto exchanges such as Coinbase and Binance.US offer more than 50 cryptocurrencies for trading.


Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, XRP, Litecoin, Dash, Stellar Lumens, NEO, EOS, Cardano, IOTA, Zcash, TRON, Tezos, Dogecoin, Uniswap, and Chainlink are currently available for EToro clients to trade.

Zero-commission real stock trading is offered by eToro. All clients from Australia are eligible for commission-free trading of US stocks beginning May 2020. If you choose the free option, you are getting the real stock instead of a CFD. You cannot leverage your position with the free feature. If you set the leverage to more than one, you can trade stocks and ETFs as CFDs as well, with eToro. As a result of eToro's low spreads on this CFD product, the CFD is available with low fees.

  • CFDs on the SPX and EUSTX50 stock indexes

  • A CFD on Apple and a CFD on Vodafone

Copy Trading

eToro has a very popular feature called CopyTraderTM, which does exactly what it sounds like! Copying successful traders is basically watching what they do in real time.


The Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Markets in Financial Instruments Directive (MiFID) and the Australian Securities and Investment Commission (ASIC) regulate eToro. As part of maintaining eToro’s regulatory status, regulatory bodies conduct regular reviews and audits. Visit the regulator websites for more details.

Is eToro a market maker?

The company is a market maker. eToro will purchase stocks, currency, and other commodities and instruments even if there is no buyer in place.

Is eToro trustworthy broker?

It can be considered trustworthy to use eToro. Money that is funded to eToro is placed into a segregated bank account at a tier 1 bank. In other words, your money isn’t held by eToro directly and is held by a tier 1 bank instead. A broker cannot access your funds directly, so money cannot be misappropriated. Further, EToro is regulated by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC).

What is eToro Headquarters country?

eToro has its headquarters in Cyprus, UK.