eToro Review (2025): Features, Fees and Trustworthiness

eToro is a multi-asset investment platform, founded in 2007, that allows users to trade stocks, cryptocurrencies, ETFs, and commodities. The platform also has a social trading feature, where you can copy the trades of other successful investors. 

eToro has more than 35 million registered users across over 140 countries and offers a user-friendly web-and-mobile platform, regulated by the top financial authorities of the world, such as FCA, CySEC, and ASIC.

In this guide, we will provide you with a detailed eToro review. We will cover what eToro is, what are the best features of eToro, and what are the eToro fees and commissions. We will also explain a step-by-step guide on how to open a new account to buy and sell crypto on eToro.

What is eToro?

eToro is a social trading and multi-asset investment platform, founded in 2007 by brothers Yoni and Ronen Assia, in Tel Aviv, Israel. It has 10 offices worldwide, including centers in the US, UK, Israel, Cyprus, and Australia. It has completely changed online trading by bringing a new type of social and copy trading that makes it possible for investors to see, communicate, and automatically follow the trades of other successful traders across the globe.

The company is available in more than 140 countries, and it has more than 35 million registered users. eToro allows trading in a variety of financial instruments such as stocks, cryptocurrencies, ETFs, indices, commodities, and currencies. Regarding platform fees, the exchange does not charge commissions for stock and ETF trades on US stocks. Nevertheless, there’s a 1% fee for the purchase and selling of cryptocurrencies.

The platform also supports multiple payment methods through credit cards, PayPal, bank transfers, and online payment systems. Security is also high, and the platform is regulated by top-tier financial authorities such as FCA, CySEC, and ASIC. It also has a user-friendly web interface and mobile app for iOS and Android devices.

Here is a quick eToro overview table:

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How does eToro work and make money?

eToro works as an online social trading platform where users can invest in stocks, cryptocurrencies, and other financial assets. They can open an account, deposit funds, and directly trade or follow the strategy of other good trading performers on the system.

The eToro trading platform makes money by collecting interest on cash balances. When customers leave funds in their eToro account, the company invests these sums in money market accounts and then collects interest from the banks.

The platform also charges specific crypto trading fees. There is a redemption fee when users transfer their crypto assets to their eToro Money crypto wallet. Further, every buy or sell transaction done by the user incurs a fee, which is about 1% of the value of the transaction.

Another source of income is the Payment for Order Flow (PFOF). The clearing firm Apex Clearing Corporation receives small payments from market centers for executing trades when users trade stocks, ETFs, or options. These payments are then shared with eToro. The platform also makes money through margin trading interest. 

Is eToro available in New York?

Yes, eToro is available in New York since November 19, 2024. It has become operational in New York State through its subsidiary company, eToro USA Securities Inc. New York-based residents can now trade fractional stocks, exchange-traded funds, and options on the platform. eToro now covers all 50 states in the United States, including New York.

What are the pros and cons of eToro?

The pros of eToro are listed below:

• Social Trading Feature: eToro allows you to copy the trades of professional investors. This will help beginners learn and trade with minimal knowledge. It also saves time for those who want automated strategies.
• Multiple Investment Options: eToro not only offers a wide variety of cryptocurrencies but also stocks, ETFs, and commodities. This easily allows users to manage their multiple investments in one single place.
• Free Demo Account: eToro provides a demo account with virtual money. So, you can practice crypto trading and test strategies without risking your real money.
• Global Availability: eToro is available in many countries, including the USA, UK, and Australia. This makes it accessible to investors worldwide.
• User-Friendly Platform: eToro is user-friendly, with a simple interface and vast educational resources. This makes it easy for beginners to navigate and trade without confusion.

The cons of eToro are listed below:

• High Crypto Fees: eToro charges a 1% fee on crypto trades, which is much higher than platforms like Binance or Coinbase. This can lower profits for traders who trade frequently.
• Limited Advanced Trading Tools: eToro does not offer margin trading or perpetual futures contracts for professional traders. Such features are available on Binance or Kraken for professionals.
• High Minimum Deposit Requirement: The initial first deposit varies by country and can go up to $1,000 in some places, which might act as a barrier for small investors.

What are the best features of eToro?

The best features of eToro are CopyTrader, Social Trading, Smart Portfolios, and the eToro Money crypto wallet. Here is a detailed overview of each feature:

CopyTrader

eToro’s CopyTrader system allows you to automatically copy the trades of other successful investors. You can scroll through a list of popular Investors, see their past performance, risk score, and portfolio composition. If you find someone whose investment strategy is aligned with your goals, you can allocate a part of your funds to copy his or her trades in real-time.

This implies that every time they trade, your account will automatically replicate the same trade in proportion to the amount you have allocated. This eToro automated trading feature is especially useful for beginners who are still learning to trade, which will allow them to learn from more experienced traders.

Social Trading

eToro’s social trading feature provides a community-based investment experience. The platform integrates social media elements. Simply, you can connect with fellow traders, discuss market trends, and share trading insights. You can also follow other people, comment on their posts, and discuss with them. This fosters a collaborative environment where traders can learn from others and gain insights.

eToro also offers resources to help users evaluate other users’ performance, so it is much easier to decide on a social trader to follow or copy. This social element makes eToro unique from other trading platforms: investing is made to be an enjoyable and accessible experience, especially for new people.

Smart Portfolios

Smart Portfolios are thematic investment portfolios managed by the investment committee at eToro. Each portfolio focuses on a specific market segment, be it renewable energy, big tech, Shopping Cart, or cryptocurrencies.

The portfolios bundle several assets together under a defined methodology and offer diversified exposure to a particular sector. 

For instance, a renewable energy portfolio may include the stocks of manufacturers of solar panels, wind turbine companies, and electric vehicle producers.

This feature helps simplify the construction of a diversified portfolio, mainly for investors who might not have enough time or even expertise to find out about each individual asset. eToro automatically rebalances these portfolios so that they continue to perform on their intended investment strategy. There are various smart portfolios available and you can start with a $500 minimum investment amount.

eToro Money crypto wallet

The eToro Money crypto wallet is a tool for holding, sending, and receiving cryptocurrencies. It supports many cryptocurrencies such as Bitcoin, Bitcoin Cash, Cardano, Ethereum, Litecoin, Stellar, Tron, and XRP.

You can transfer crypto from your eToro investment account to the eToro Money wallet. Once in the wallet, your crypto can be sent to other wallets or received from them. The wallet uses the same login details as the eToro trading account, so access is easy.

The crypto-to-crypto convert feature is no longer available on the wallet. However, you can still send crypto to external wallets. Therefore, the eToro Money crypto wallet is secure and easy to use when dealing with cryptocurrencies.

What are the eToro fees and commissions?

eToro charges two main types of fees: Trading Fees and Non-Trading Fees. The following is a detailed explanation of each fee, followed by a table summarizing the fees.

1. Trading Fees

• Spread: The spread is the difference between the buy price (bid) and the sell price (ask) of an asset. It is a cost that traders pay indirectly because eToro includes it in the asset price. It generally depends on market conditions and the type of asset you are trading. No extra spread fee is charged by eToro.
• Overnight Fee: This fee applies if you keep positions open overnight. It is also called a “rollover fee.” eToro charges this for leveraged positions or CFDs. And, currently, most positions on eToro do not have an overnight fee.
• Currency Conversion Fee: A currency conversion fee is applied when you deposit, withdraw, or trade in a currency other than your account’s base currency. Let’s say, your account is in USD and you deposit in GBP, a conversion fee applies. Standard conversion fees vary by currency and payment method. In case you have an active recurring investment plan, the conversion fee is reduced to 0.75%.
• Stocks Fee: eToro charges a commission when you trade in stocks. The fee will be according to your location and the exchange on which you are trading. For the exchanges in Australia, Hong Kong, and Dubai, charges are $2 for a trade. For other exchanges, it is $1 per trade.
• Crypto Buy/Sell Fee: When you are buying or selling cryptocurrencies on eToro, a fixed fee of 1% applies. It is added to the purchase and deducted from the sale. All crypto transactions have a 1% fee.
• Crypto Transfer Fee: A transfer fee is applied if you transfer crypto assets from your eToro trading account to your eToro Money wallet. It’s 2% of the amount transferred.

2. Non-Trading Fees

• Withdrawal Fee: The withdrawal fee differs from one account to another. For the USD account, a withdrawal fee of $5 is charged per transaction. For GBP and EUR accounts, however, there is no stated withdrawal fee. Furthermore, the minimum withdrawable amount on USD accounts is $30; however, that does not apply to GBP and EUR accounts.
• Inactivity Fee: If you do not log into your eToro account for 12 months, an inactivity fee will be charged. This fee is $10 monthly. It will only be deducted from your available balance. So, if you have no funds in your account, no inactivity fee will be charged.
• Deposit Fee: In case you need to deposit funds into your eToro account, deposits in terms of USD do not attract a fee. Making a deposit in another currency, however, will incur a conversion fee that varies with the currency and the payment method you utilize.

Below is a table summarizing eToro’s fees:

Note: The SEC and FINRA also charge sellers regulatory fees any time a stock is sold. The fees chargeable are usually minimal and are being passed on to the trader. 

On top of that, eToro does not charge any commission on self-directed trades of U.S. equities and options contracts. However, some transactions could be charged by nominal regulatory fees, for instance, an ORF (options regulatory fee) for options or a TAF (trading activity fee) for selling the securities.

Get started with eToro and earn a $30 sign-up bonus by using our referral code with a minimum deposit of $100.

User Score

9.4

Exclusive Benefits

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$10 Welcome Reward

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Is eToro legit and good for trading and selling?

Yes, eToro is a legitimate platform for trading and selling. It was established in 2007 and has become a global site that has gained the trust of over 35 million registered users from more than 140 countries. The company is licensed and regulated in several regions.

eToro is licensed and regulated in the United Kingdom by the Financial Conduct Authority. It is regulated in Europe by the Cyprus Securities and Exchange Commission. In the United States, eToro USA LLC. is registered with the Financial Crimes Enforcement Network (FinCEN). 

Moreover, eToro has been licensed by the Australian Securities and Investments Commission (ASIC) in Australia and is regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) in the Middle East. All these licenses ensure that eToro abides by tight financial laws and offers a secure trading environment.

eToro is also a safe trading platform with multiple security measures:

• Segregated Funds: eToro customer’s money is held in separate accounts by top-tier banks, so their money is never mixed with eToro’s own money.
• SSL Encryption: Personal information is protected through SSL encryption, thereby ensuring that your data is secured during transmission.
• Two-Factor Authentication (2FA): eToro provides 2FA, where an additional layer of security is applied by requiring a second form of verification during login.
• SOC 2 Type II Compliance: eToro has achieved SOC 2 Type II Compliance Certification, ensuring its commitment to data security and the privacy of its custody services.

eToro is good for trading and selling because it offers a user-friendly platform with advanced features. There is a social trading feature that allows you to follow and copy the strategies of experienced investors. Also, it offers a wide variety of assets like stocks, cryptocurrencies, commodities, and forex.

It is also transparent with the pricing, without hidden fees, and offers commission-free stock trading in most countries. eToro offers other helpful tools such as risk management features, real-time updates on the market, and a virtual portfolio for practicing trades without actually risking any real money.

Are you a new user? Use our exclusive referral link to join eToro, deposit $100, and receive up to $40 bonus to start your trading journey.

Who is eToro right for?

eToro is right for users who want:

• Multi-Asset Investment Platform: eToro lets you trade and invest in various assets, such as stocks, cryptocurrencies, commodities, forex, and ETFs. This diversification makes it easy to create a balanced portfolio according to your financial goals.
• Social Trading and CopyTrader: eToro is renowned for its social trading feature. You can interact with other traders, learn from their trading strategies, and use that learning to decide how you wish to invest. With CopyTrader, you can automatically copy experienced investors’ trades into your account; hence, it is perfect for beginners to learn as they invest.
• Regulated and Secure Platform: The eToro platform is licensed and regulated in several regions including the US, UK, Australia, Middle East, and Europe, so you can be assured of a safe trading environment.
• Beginner-Friendly Features: The platform is created to be intuitive and user-friendly, even for a novice who has never engaged in trading. It has a virtual portfolio where eToro’s users can start practicing trading CFDs or crypto in virtual money.

How to open a new account to buy and sell crypto on eToro?

You can open a new account to buy and sell crypto by first creating an account on eToro, completing the identity verification process, depositing funds, and then selecting the cryptocurrency you wish to trade.

Step 1: Open an eToro Account

First, you need to access the eToro website and look at the “Join Now” button. On this page, you will be asked to provide a username, your email address, and to pick a password. On the other hand, you can register via your Facebook or Google accounts. 

As a new user, you can use our eToro referral code to create an account and enjoy up to $40 eToro sign-up bonus when you deposit $100.

User Score

9.4

Exclusive Benefits

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$10 Welcome Reward

OPEN ACCOUNT NOW

Before proceeding, read and agree to eToro’s Terms and Conditions, Privacy Policy, and Cookie Policy by checking the appropriate boxes. After completing these steps, click on the “Create Account” button. Check your email inbox for a verification message from eToro and follow the instructions to verify your email address.

Step 2: Complete Identity Verification (KYC)

As a matter of regulatory compliance, you are expected to verify your identity on the platform. This means uploading a POI and a POA. With the eToro app, you can scan and upload the documents from there. 

The acceptable POI documents are a passport, driving license, or any other government-issued ID reflecting your name, date of birth, a clear photograph, issue date, and if applicable, expiry date. 

In the case of POA, utility bills, bank statements, or any government correspondence must have been printed within the last three months.

Step 3: Deposit Funds

Once you have verified your account, you can begin depositing funds to start trading. eToro has several deposit options available, such as bank transfers, credit/debit cards, and e-wallets. 

Simply log into your eToro account, click on the “Deposit Funds” tab, and select your preferred payment method. Then enter the amount you wish to deposit and follow the instructions on the screen to complete the transaction.

Step 4: Start Buying and Selling Cryptocurrency

Once you have funds in your account, you can start trading cryptocurrencies. You need to search for the cryptocurrency you want to buy or sell. Click on the cryptocurrency to see its details and then click on the “Trade” button. In the trading window, specify how much to buy or sell, input in any of the stop loss and/or take profit settings, and confirm through the “Open Trade” button.

Remember, you need to pay a 1% fee to buy and sell crypto. If you don’t want to pay the fee, check out our guide on the best zero-fee crypto exchanges.

What is the eToro minimum deposit required to start trading?

The minimum deposit required to start trading on eToro depends on your location. For the United States and the United Arab Emirates, the first deposit is US $100. In the United Kingdom, Germany, and France, the first deposit is US $50. For most other eligible countries, like Canada and Japan, the first deposit is US $200.

In specific cases, like New Zealand, the required first deposit is US $1,000. For Israel, the minimum deposit is significantly higher at US $10,000.

Also, after the initial deposit, the minimum deposit changes to US $50 (US $10 in the UK and US $1 in the USA). But remember, all bank transfer deposits must be at least US $500, regardless of your location.

What are the best alternatives for eToro?

The best alternatives to eToro include Coinbase, Binance, Kraken, and Crypto.com. eToro is best for social trading and copy trading, which the others such as Coinbase, Binance, Kraken, and Crypto.com do not have. For beginner investors, Coinbase is excellent because it’s user-friendly and offers multiple payment methods to buy crypto instantly.

Binance, on the other hand, would be ideal for a more advanced trader because of lower fees and many advanced trading tools. Kraken is more inclined towards advanced safety measures and offers margin trading tools to expert traders. Crypto.com is best for a Crypto Visa Card and staking rewards.

Unlike Binance and Kraken, eToro does not give crypto leverage trading but allows stock and ETF trading, which is good for people wanting more portfolio diversification options.

The top eToro alternatives are summarized in the comparison table below:

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