eToro review 2026

Hello, fellow investor! We’ll review eToro to help you figure out whether it’s the right investment platform for you.

You can also invest in other products such as ETFs and CFDs (leveraged positions) on stocks, commodities, forex, and indices.

eToro USA LLC does not offer CFDs (only crypto and US stocks/ETFs are available there), and this review is not aimed at US investors.

eToro is a well-known fintech and the leader in the social trading space, with more than 40 million registered users and 4.28 million funded accounts at the end of June 2026. The company listed on the NASDAQ in May 2025 under the ticker ETOR, marking a major milestone for the platform. Its growth has been driven by $0 commission on ETFs, low stock commissions ($1 per trade in most EU markets and $0 for UK residents), social trading features, and an intuitive, easy-to-use trading platform available across desktop and mobile, making it a solid choice for a wide range of investors.

Opening an account and depositing is easy, and you can even open a demo account to try it out with $100,000 in virtual funds. On the downside, withdrawals from the USD account carry a $5 fee with a $30 minimum (withdrawals from GBP and EUR accounts are free), and spreads can be high on some products. CFD trading carries significant risk: 51% of retail investor accounts lose money when trading CFDs with eToro (Europe) Ltd, and 52% with eToro (UK) Ltd.

That’s our eToro review in a nutshell. If you want a more detailed breakdown, keep reading.

Overview

eToro is a fintech and social trading broker founded in 2007 in Israel with the mission to make trading accessible to anyone, anywhere, and to reduce reliance on traditional financial institutions. (In our blog, we analyse whether eToro is a safe platform to use.) The platform allows users to trade a wide range of financial assets online, including stocks, ETFs, cryptocurrencies, and CFDs on stocks, indices, currencies, and commodities. As mentioned above, eToro listed on the NASDAQ in May 2025 under the ticker ETOR, adding a layer of public-company transparency to the business.

Here’s what the investor’s dashboard looks like:

eToro is known for its product innovation. Two flagship features have shaped its platform over the years: CopyTrader, which lets any user automatically follow and replicate the trades of other investors on the platform; and Smart Portfolios (formerly CopyFunds), thematic long-term investment products that bundle multiple assets or groups of traders under a defined strategy, monitored by eToro’s algorithms.

In other words, CopyTrader lets you copy individual traders, while Smart Portfolios let you invest in a curated basket of securities aligned with a particular theme, for example a Smart Portfolio focused on technology companies, AI, renewable energy, or specific sectors. Here are some examples:

Past performance is not an indication of future results.

Past performance is not an indication of future results.

eToro lets you invest in more than 200 cryptoassets with a flat 1% fee when you buy and when you sell (lower from the Platinum Club tier). In the EU, crypto services are provided under the MiCA (Markets in Crypto-Assets) regulation, after CySEC granted eToro (Europe) Ltd a MiCA licence in January 2025:

When you invest in crypto through eToro, you gain ownership of the underlying asset (similar to real stock ownership) provided both conditions are met:

1. You are not using leverage (i.e. not trading the crypto as a CFD);
2. You are not short-selling the position.

eToro also provides educational resources through the eToro Academy (courses, podcasts and webinars) and its News and Analysis section, for both beginners and more experienced investors.

eToro has also created the eToro Club to reward investors with larger account balances. Membership unlocks benefits like a dedicated account manager, lower currency conversion and crypto fees, and no withdrawal fees at higher tiers, depending on your account balance:

The table below sums up the tiers. Platinum and Platinum+ can also be unlocked with a monthly subscription ($4.99 and $14.99).

eToro also offers stock lending to users in the UK and the EU, with no tier requirement. You earn 50% of the net lending revenue on the shares you lend. Fractional shares and positions held through CopyTrader or Smart Portfolios are excluded.

Overall, eToro is one of the best platforms for investors who want a broker that combines social trading, low commissions on real stocks and ETFs, and direct crypto exposure on a single, intuitive interface. You can also open a Professional Account if you meet the eligibility requirements (typical retail-to-professional criteria around portfolio size and trading experience), or an eToro business account if you have a company.

Pros and cons

An introduction to social trading

Social trading is a form of investing that lets regular investors copy the trades of others on the platform, whether they’re labelled “experts” or simply other retail investors. Copying carries no extra fee: you pay the same spreads and overnight fees as on manual trades. Traders who are copied can join the eToro Pro Investor Program (formerly Popular Investor), which pays up to 1.5% a year of the assets copying them.

This can be useful if you’re just starting out in investing, as it allows you to follow, discuss, and absorb trading ideas from other community members. You can browse traders by category, including Most Copied, Trending, Long-Term Stock Investors, Long-Short Investors, and Multi-Strategy Investors:

Past performance is not an indication of future results.

That said, you should know how to assess an investor’s performance and profile before deciding to copy them. This is harder than it sounds. There are likely good traders to copy on these platforms, but finding them takes time and skill. Many copy-trading candidates are inexperienced traders with poor risk management and high-volatility strategies. Be selective and look closely at metrics like maximum drawdown, time-weighted returns, and consistency across market cycles, not just headline returns.

Account opening

Opening an account with eToro is straightforward: just follow the step-by-step registration process. First, click “Start Investing” (or “Join Now”) on the homepage:

Next, enter a username, email, and password (or sign up using your Apple, Facebook, or Google account). You’ll need to check the two boxes confirming you’ve read the terms and conditions. Note that the eToro subsidiary that opens your account depends on your country of residence. For example, since we registered from an EU country, our account sits under eToro (Europe) Ltd (the CySEC-regulated entity, licence number 109/10):

It will immediately ask you to confirm your email:

Finally, it will ask you to complete your profile (full name, date of birth, trading knowledge and so on):

And you are ready to go:

Note: I already have an account in eToro with the user name “FranklinCarSilva.” For illustration purposes, I started the registration process again with another email to show you every step. That’s why you see the user “franklin_7755” in the image above.

Trading platform

eToro has both a mobile app and a web-based trading platform. Below, we’ll walk you through navigating the eToro web trading app.

Once you’re logged in, you have access to a search bar to find any asset quickly (it works well), a moving top bar showing which assets are up or down, and a clear summary of your portfolio value alongside how much is in cash versus invested:

If you scroll down, a feed of posts will appear as you see in Facebook or Instagram. Here, investors will share their thoughts, trades or other information they think is helpful for their current and potential followers:

In the left panel, you can navigate to other tabs like a “watchlist,” where you can easily add the stocks you are planning to buy or have just bought:

eToro provides a dedicated page to your “Portfolio,” where you can see all your investments in a single place. It shows your profit/losses in absolute ($) and relative terms (%). It also separates your money between the “cash available” and “total invested”:

On the “Discover” tab, you will notice a quick overview of all the asset classes available, Investment Opportunities, the Daily Movers, and Trending Assets, among other sections:

Finally, there are quick access buttons to the economic calendar, deposit/withdraw funds, and getting help from customer support is also at your disposal at all times.

Products and markets

eToro offers real stocks, ETFs, and cryptocurrencies, as well as CFDs on stocks, ETFs, commodities, forex, and indices. You can buy whole shares or fractional positions, with orders starting from as little as $10. Besides the USD account, you can hold local GBP, EUR, DKK or AUD accounts. GBP and EUR accounts launched in October 2024 for UK and EU users, and AUD accounts in October 2025. They remove conversion costs when you trade assets in the same currency.

Stocks: You can trade over 6,000 real stocks from 20 exchanges, including the NASDAQ, NYSE, London, Frankfurt, Amsterdam, Paris, Milan, Madrid, Hong Kong, Tokyo and Sydney. In 2024, eToro added over 1,000 UK stocks and 290 German stocks through partnerships with the London Stock Exchange and Deutsche Börse.

UK investors can also open a Stocks and Shares ISA (Individual Savings Account). Since July 2026 it has no commission and no custody fee, though a 0.70% FX charge applies to non-GBP assets. It is run on Moneyfarm’s platform and also gives access to bonds and mutual funds.

ETFs: eToro offers EU-domiciled (UCITS) ETFs like the iShares Core MSCI World UCITS ETF (SWDA) as real assets, plus exposure to non-EU-domiciled ETFs (such as SPY, the world’s largest ETF) via CFDs. So with SWDA you actually own units of the underlying ETF, but with SPY you hold a CFD that tracks the ETF’s price rather than the ETF itself.

Beyond the SWDA and SPY example, many instruments listed under “ETFs” on eToro are not real ETFs but CFDs. European investors cannot directly hold US-domiciled ETFs due to the EU’s PRIIPs regulation (which requires US issuers to publish a Key Information Document that most do not provide), including the ARK Innovation ETF, VOO, and SPY. To work around this, eToro offers exposure to these well-known ETFs through CFDs. We believe eToro could be clearer in flagging which “ETFs” in its list are CFDs versus real fund units.

Cryptocurrencies: You can choose from more than 200 cryptoassets, including well-known ones like Bitcoin, Ethereum and Dogecoin.

In the CFD space, eToro offers a wide variety of products covering stocks, ETFs, commodities, forex, indices, and (where regulation permits) cryptocurrencies, from unleveraged positions up to 30x leverage, depending on the instrument. Current leverage limits for retail clients in the EU and UK (per ESMA and FCA rules):

• Major forex pairs: up to 30:1;
• Non-major forex pairs, gold, and major indices: up to 20:1;
• Commodities (other than gold) and minor indices: up to 10:1;
• Individual stocks and ETFs: up to 5:1;
• Crypto CFDs (where available): up to 2:1 (note: the FCA banned crypto CFDs for UK retail clients in 2021, so this applies only outside the UK);
• Real crypto (spot): no leverage.

Fees

Low-commission and commission-free trading

eToro offers $0 commission on real ETFs. For EU residents, real stock trades cost a flat $1 on most exchanges and $2 on the Australian, Hong Kong, Tokyo, Dubai and Abu Dhabi exchanges. UK residents pay no commission on stocks. Only “Real ETFs” trade commission-free: if you’re buying a CFD that mimics an ETF, standard CFD spreads apply. You can verify whether you’re trading a real instrument or a CFD on the trade confirmation window before placing an order:

The commission depends on your country of residence and on the exchange, as shown below:

To know more, please check eToro’s fee page.

Spreads

The primary revenue source of eToro is the spread, the difference between the price you pay and the price you sell if you made both trades simultaneously. For the same asset, you see that the spread varies between platforms.

Below, we will compare eToro with Interactive Brokers, side by side, in the same asset (Apple stock) on 7 July 2025 at 5:07 pm.

To buy Apple stock in eToro, you would have to pay $212.02. Whereas in Interactive Brokers, the same stock would cost you $212.05. To sell, you would get $212.01 in eToro and $212.02 at Interactive Brokers:

Crypto fees

On crypto, the fee structure is simple: eToro charges 1% when you buy and 1% when you sell (Platinum, Platinum+ and Diamond members pay less, depending on monthly volume). So, if you invest $1,000 in Dogecoin, you pay $10 to buy and another 1% of the position value when you sell. That is why a new position shows a value slightly below what you invested:

CFD fees

On CFDs, the fees may vary and include spreads and overnight fees. Spreads may be wide in less liquid products and differ within asset classes:

The overnight fee is applied in leverage positions. Since you are using borrowed money, you must make interest payments daily. The interest is based on the size of your exposure to the market and is calculated daily. This cost is based on a benchmark rate for the currency (such as SOFR for USD or SONIA for GBP) plus eToro’s markup.

Non-trading costs

eToro charges no extra fees for CopyTrader or Smart Portfolios, and there is no deposit fee. If you deposit GBP or EUR into the USD account, a conversion fee of 150 pips applies, while deposits into a local-currency account have no conversion fee.

Withdrawals from GBP and EUR accounts are free. Withdrawals from the USD account cost $5, with a $30 minimum (Platinum, Platinum+ and Diamond members pay no withdrawal fees). The minimum first deposit is $50 in the UK and most EU countries, but it is higher elsewhere (for example $200 in many other eligible countries). eToro stopped charging an inactivity fee on 28 May 2026.