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eToro Review – Is it Legit? (July 2024)

The Best in Service Provided by an Industry Titan

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Fees: 1% Spread on Crypto Buy/Sell

Best For: Easy to use trading platform

Warning: Trading in cryptocurrency is highly speculative and carries a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. {etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

eToro is one of the biggest names in the industry as far as the forex market is concerned. They have been operating since 2007, and have become a household name around the world thanks to their excellent, top-tier regulation, and the unbeatable trading experience they offer to those looking to get involved in social trading or forex.

They are also increasing becoming popular for both stock trading and crypto trading.

They now have locations worldwide and offer services to more than 7 million traders across hundreds of countries. Through this eToro review, you will get a comprehensive look inside one of the biggest brokers on the planet to see what they can offer you as a broker choice.


  • Top-tier regulation in place
  • User-friendly trading platform
  • Great social and copy trading capabilities
  • Dedicated customer support available


  • Higher than average minimum deposit
  • Some withdrawal fees applied
  • USA clients prohibited from CFDs



Safety and security are paramount across the entire industry. This applies no matter how large or small your trading volumes, or where in the world you are trading from. Thankfully, these are things that eToro recognizes, and takes very seriously.

eToro is extremely well-regulated by top-tier bodies around the world. These bodies include CySEC in the EU which makes the broker fully ESMA compliant, as well as the FCA in the UK, and ASIC in Australia. eToro is now also registered with FinCen in the USA as a money services business, which gives it a platform to expand its service offering within the US through its American entity, eToro USA LLC.

As you would expect from a top forex broker like eToro, it keeps you further protected by using segregated bank accounts within top-tier financial institutions only. This ensures that in the very unlikely event there were some financial issues at the broker, your funds would be fully protected. eToro also furthers this protection by providing negative balance protection as standard. This stops you from ever losing more money than you deposit in your trading account.

Investment Products


When it comes to trading at eToro, you can look forward to having a broad range of markets to choose from, along with a number of unique offerings that can provide you with more ways to get involved in trading.

Starting with forex trading, the broker provides access for you to trade a total of 47 different currency pairs. Commodities and indices trading is also available with more than a dozen markets in both categories. eToro goes from strength to strength in stock trading which you can trade either as real, or CFDs, with more than 950 stocks to choose from around the world. There are also 145 ETFs on offer and a huge cryptocurrency range.

Of course, the core of eToro is in copy and social trading. To that end, you can get involved in copying other traders, or provide your own signals through the eToro CopyTrader product. Copy Portfolios are another unique offering, also available, which allow for you to copy entire baskets of assets from certain market sectors that you may be interested in.

Commission & Fees


eToro offers variable spreads only. The broker does a remarkable job in maintaining an environment that can be considered as ‘low-fee’, with spreads typically starting from 1 pip on many major forex pairs and other markets, though they can go higher with spreads of 2-3 pips on major markets like the EUR/USD not uncommon.

The only other fees which you have to consider with eToro are the overnight fee which is variable, and charged by every broker in the industry unless you have an Islamic trading account. eToro Islamic trading accounts are available if you require one. An inactivity fee is also levied by the broker, though the conditions here are reasonable. A fee of $10 is applied if you have not been active for a period of 12 consecutive months.

With deposit and withdrawal fees, these remain competitive overall. There are very limited fees on deposits which only apply if you are depositing with a wire transfer, or a non-base currency. The withdrawal fees meanwhile stay at a flat $5 per withdrawal.

Trading Platform


The eToro trading platform is likely the best known strength of the broker, and is one of the most user-friendly trading platforms in the entire industry. Here the eToro proprietary trading platform is offered. This platform is web-based so you can trade directly from your browser. It is also a very visually appealing platform that is extremely intuitive and with less of a learning curve than other major trading platforms.

There are more than 60 tools and indicators to give you the most detailed, and customizable trading experience possible, while you also have a full social side to the platform through which you can follow, and stay updates with the activities of other traders through a live feed section.

On mobile, the trading platform can be accessed on both iOS, and Android devices, and appears without much difference, and no loss of capability when compared with the desktop counterpart.

Customer Support


As you would expect from a top name in the industry, eToro provides comprehensive customer support to all traders. This is done through common mediums such as a website-based live chat, email support, etc.

From the outset when you open your account with eToro, you will also be assigned a dedicated account manager who can help you with many of the more common questions and challenges you might face. The eToro customer support team are well-known for being fast to respond to questions, and knowledgeable in their replies. There is also support for a huge range of languages, 19 in total. This is perfect to cater for the global trader base who use eToro.



Not only is eToro a well-suited platform for new traders – given the ease of use of their trading platform – it also provides a strong educational infrastructure to ensure you continue learning and developing as a trader.

This offering includes access to a detailed range of blog articles written by the team that can help you through a wide range of trade-related topics. Also included is access to a number of live webinars delivered by industry professionals, and a broad range of educational videos which can show you how to overcome many obstacles in forex trading.



Overall, our eToro review showcases a broker who is at the top of its industry. This applies to all areas of trading and not only the social trading aspect for which the broker is well-known. eToro has worked hard to provide an extremely transparent, secure trading environment that is well-regulated by several top-tier bodies, along with a wide range of market choices, competitive trading costs, and one of the easiest to use trading platforms in the industry.

eToro services more than 30 million traders worldwide and is growing all the time. This is ultimately due to the strong attention to detail it provides, and the level of service which all traders are met with.

Click Here to Visit eToro

Warning:  eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. {etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy Trading does not amount to investment advice.  The value of your investments may go up or down.  Your capital is at risk.

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 mins 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.