eToro in Greece – all you need to know!

Is eToro legal in Greece?

Yes, eToro is legal and authorised to operate in Greece, and Greek residents can open and use eToro accounts.

eToro operates in Greece through its EU-licensed entity, eToro (Europe) Ltd, which is regulated by the Cyprus Securities and Exchange Commission (CySEC) under licence number 109/10. This CySEC authorisation enables eToro to passport its services across the EU under the MiFID II single-market framework, including Greece. Greece’s own regulator, the Hellenic Capital Market Commission (Επιτροπή Κεφαλαιαγοράς, HCMC), recognises this EU passport.

For Greek investors, this means you benefit from the same EU-wide investor protections that apply to any CySEC-regulated broker, including coverage under the Cyprus Investor Compensation Fund (ICF) up to €20,000 in the unlikely event of broker insolvency.

eToro Greece highlights

How safe is eToro?

This is typically the first question that comes to mind when choosing a broker, and rightly so. As investors ourselves, platform safety was our first concern too.

eToro offers four layers of protection for Greek investors:

• Segregated client assets: when you buy a non-leveraged position in a stock or ETF, you own the underlying asset, which is held with a custodian separately from eToro’s own balance sheet. If something went wrong with eToro itself, these assets would not be available to its creditors.
• Investor compensation scheme (regulatory protection): as a Greek investor, your account is opened through eToro (Europe) Ltd, authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) under licence 109/10. As a CySEC-authorised firm, eToro must maintain membership of the Cyprus Investor Compensation Fund (ICF), which provides coverage of up to €20,000 per client in the event of broker insolvency.
• Private insurance: eToro offers free insurance from Lloyd’s of London of up to €1 million covering cash, securities and CFD positions in case of insolvency. It is only available to Platinum, Platinum+ and Diamond Club members, applies to losses above the first €20,000 and does not cover real crypto positions.
• Public company reporting: as a Nasdaq-listed company since May 2025, eToro publishes audited financial statements and regular business updates, which adds financial transparency beyond broker regulation.

If you need more details on eToro’s safety framework, check our analysis of eToro safety.

What financial instruments and features will I find?

eToro offers Greek investors access to a wide range of financial products:

• Stocks: buy stocks from major US, European and Asia-Pacific exchanges, including the NYSE, Nasdaq, London, Frankfurt, Paris, Amsterdam, Zurich, Milan, Madrid, Hong Kong, Tokyo, Australia, Dubai and Abu Dhabi. For shares listed in Athens (now part of Euronext), check the eToro app for availability or use a Greek broker.
• ETFs: commission-free trading on ETFs from providers such as iShares, Vanguard, SPDR, Invesco, VanEck and WisdomTree, covering equity indices, sectors, bonds and commodities. As an EU investor, you can buy UCITS ETFs, but not US-domiciled ETFs, under the PRIIPs rules.
• Cryptocurrencies: direct ownership of cryptoassets such as Bitcoin and Ether under the EU’s MiCA (Markets in Crypto-Assets) rules, not just CFDs on crypto prices. Cryptoassets are highly volatile and you could lose your entire investment.
• Commodities: exposure to gold, silver, copper, platinum, palladium, oil, natural gas, and agricultural commodities (typically via CFDs).
• Forex: major, minor and selected exotic currency pairs, such as EUR/USD, GBP/USD and USD/JPY, traded as CFDs.
• CFDs: eToro offers CFDs on stocks, ETFs, indices, commodities, forex, and cryptocurrencies for leveraged trading. CFDs are complex instruments: 55% of retail investor accounts lose money when trading CFDs with eToro, according to its risk warning.

Beyond traditional trading, eToro’s distinctive features include:

• CopyTrader: automatically replicate the trades of other eToro investors in real time, in proportion to the amount you allocate. Copy trading is not investment advice, and past results do not guarantee future returns.
• Smart Portfolios: ready-made thematic portfolios built around specific strategies, such as AI, renewable energy or dividend stocks, that you can invest in with one click.
• eToro Academy: extensive educational content covering investing basics, technical analysis, options strategies, and more.

eToro’s fees

Like any broker, eToro generates revenue through a combination of trading commissions, spreads, and ancillary fees. Here’s the current fee structure for Greek investors:

• Stock trading: $1 commission when opening and when closing a position on most exchanges, including the US and Europe. Stocks listed in Australia, Hong Kong, Dubai, Abu Dhabi and Tokyo cost $2. For Greece, these fees apply to positions opened since 3 February 2025.
• ETFs: $0 commission. Currency conversion applies if the ETF trades in a different currency from your account.
• Cryptocurrencies: a 1% fee when buying and when selling, reduced for Platinum, Platinum+ and Diamond Club members based on monthly volume.
• CFDs: variable spreads (priced into the bid-ask difference) plus overnight financing costs on leveraged positions held overnight. Spreads vary significantly by instrument, so check the eToro fees page for the products you plan to trade.
• Currency conversion: no conversion on euro deposits and withdrawals to a EUR account. A conversion fee applies when you trade assets in another currency, such as US stocks, and varies with your Club tier.
• Withdrawal fee: free from a EUR account, with no minimum. From a USD account, $5 per withdrawal with a $30 minimum.
• Inactivity fee: none.
• No account opening or custody fees.

For Greek investors, the EUR account is the biggest improvement, since it removes conversion costs on deposits and withdrawals from a Greek bank account. For fee details on specific instruments, check eToro’s fees page before trading.

How to open an account?

To open an account, you need to go to eToro’s website, click on “Join now”, and provide the required information, as shown in the following image:

In the first check box (underlined in red), confirm in which subsidiary you are registering.

After this step, you need to verify your identity and address. Your proof of identity could be your ID card or passport, and your proof of address could be a bank statement or a utility bill.

We suggest you submit all the documents as soon as you open an account to prevent delays when withdrawing your money. We have had no issues taking money out of the platform, but it may take longer if your account is not fully verified.

Once everything is correctly set up, you’ll be able to deposit money to start trading with your real account on the eToro platform:

The sidebar and the search bar at the top make the platform easy to navigate.

How to deposit and withdraw funds?

Before committing real money, remember you can use eToro’s demo account (with $100,000 in virtual funds) to practise and explore the platform first.

Deposits: from your eToro dashboard, click “Deposit Funds” to see the methods available to you. These usually include debit and credit cards, SEPA bank transfer and e-wallets such as PayPal, Skrill and Neteller. The minimum first deposit is $50, and eToro charges no deposit fee on a EUR account funded in euros.

Withdrawals: click “Withdraw Funds” on your dashboard. eToro typically requires withdrawals to use the same method as your deposit (this is standard anti-money-laundering practice across regulated brokers). Key facts:

• From a EUR account: free, with no minimum amount.
• From a USD account: $5 per withdrawal, with a $30 minimum.
• Processing time: typically 1 to 3 business days, plus your bank’s processing time.

Currency conversion: with a EUR account, euro deposits and withdrawals are not converted. Conversion still happens when you buy assets priced in other currencies, such as US stocks, so check the estimated cost on the trade screen before you confirm an order.

How to trade stocks or any other security?

The process for buying or selling stocks is straightforward, and is similar to other asset classes (ETFs or any security).

First, use the search bar to find the company you are looking for and then click on “Trade”, as shown in the image below:

Second, a pop-up will appear where you can buy the stock. With leverage set to “X1”, you are buying the underlying asset, not a CFD. Selecting a higher leverage or opening a short position turns the trade into a CFD.

Customer support

Our assessment of eToro’s customer support comes from direct experience contacting the team multiple times. In our experience, replies usually take 1 to 3 business days for non-urgent queries, with most straightforward issues resolved on the first contact. Longer waits of up to a week can happen during very busy periods.

eToro offers several support channels:

• In-app live chat for account holders (faster response times than email)
• Help Centre / FAQ covering most common questions about deposits, withdrawals, trading, and account management
• Email support via the contact form on the eToro website
• Priority support for higher eToro Club tiers, including dedicated account managers

The bottom line

eToro is a solid option for Greek investors at most experience levels. Beginners benefit from the intuitive interface, demo account and educational content, while more experienced users can use CopyTrader, Smart Portfolios and a broad range of markets.

What works well for Greek investors:

• EUR account: no conversion costs on euro deposits and withdrawals, and free withdrawals.
• Low costs on ETFs and stocks: no commission on ETFs and $1 per trade on most stocks.
• Public company: listed on the Nasdaq since May 2025, with audited financial reporting.
• Real crypto: direct ownership of cryptoassets under the EU’s MiCA rules.

Important caveats for Greek investors:

• Greek-listed stocks: eToro focuses on international markets. If you want to invest in companies such as OPAP, Public Power Corporation or National Bank of Greece, check availability in the app or use a Greek broker.
• Greek taxes: eToro does not withhold Greek tax, so you declare your income in your annual tax return to AADE (Independent Authority for Public Revenue). According to PwC Tax Summaries, dividends are taxed at 5%, and gains on listed shares are exempt for holdings below 0.5% of a company’s capital (15% above that). Gains on EU UCITS funds are exempt, while gains on derivatives such as CFDs are taxed at 15%. Foreign dividends may also suffer withholding tax at source, so consider speaking to a Greek tax adviser.
• CFDs carry significant risk: 55% of retail investor accounts lose money when trading CFDs with eToro. If you’re new to investing, focus on stocks and ETFs rather than leveraged products.

For a complete overview of how eToro operates globally, read our eToro review.