eToro Review 2026: Fees, Regulation & Products

What eToro is and who it suits

eToro is a multi-asset investment platform that combines a conventional broker account with a social network. From one account, users can buy stocks and ETFs, buy cryptoassets and, in most regions, trade contracts for difference (CFDs) on currencies, commodities and indices. Its best-known feature is CopyTrader, which automatically mirrors the trades of other users.⁷ eToro says it has more than 40 million users and serves customers in over 75 countries.¹¹

The platform suits people who want a simple app for long-term investing in shares and ETFs and who are curious about copy trading. It is a weaker fit for frequent traders who hold money in currencies other than the US dollar, because conversion and withdrawal fees add up. This review is based on eToro's published terms and on public regulator registers; we did not open an account or place trades.

Key facts

Type: Multi-asset investment platform: stocks, ETFs, crypto, CFDs, copy trading
Founded: 2007; CySEC investment firm licence since January 2010 (formerly RetailFX Ltd)^6,12
Parent company: eToro Group Ltd., incorporated in the British Virgin Islands, principal executive offices in Bnei Brak, Israel¹⁵
Stock listing: Nasdaq, ticker ETOR, since 2025⁶
Main regulators: FCA (UK), CySEC (EU), ASIC (Australia), FSRA (Abu Dhabi), MAS (Singapore), FSA (Seychelles), SEC and FINRA (US securities), FinCEN (US crypto)¹
Minimum first deposit: From $50 in many countries, higher in some regions⁴
Account currencies: USD investment account; local currency accounts in GBP, EUR, AUD or DKK where available²
Practice account: $100,000 virtual portfolio included with every account⁷
Website: www.etoro.com
Facts checked: 15 October 2026

Company background

eToro dates back to 2007, when three entrepreneurs set out to make trading accessible to more people.⁶ Its Cyprus entity, eToro (Europe) Ltd, has held a CySEC investment firm licence since January 2010 and was previously called RetailFX Ltd.¹² Social trading arrived with OpenBook in 2010, stocks and Bitcoin were added in 2013, and the current all-in-one platform launched in 2015.⁶

The parent company, eToro Group Ltd., is incorporated in the British Virgin Islands and names Bnei Brak, Israel, as its principal executive office in filings with the US Securities and Exchange Commission. Its shares have traded on Nasdaq under the ticker ETOR since the 2025 initial public offering,⁶ so the group files annual reports that anyone can read.¹⁵

Products: stocks, ETFs, crypto, CFDs and copy trading

Stocks and ETFs are the core of the offer, with more than 20 connected stock exchanges and fractional shares.^6,11 An unleveraged buy order normally gives you ownership of the shares. Short and leveraged positions are executed as CFDs, and eToro notes that some unleveraged buy positions are executed as CFDs too because of product restrictions; such trades are marked "CFD" on the trade screen.²

Cryptoassets can be bought directly. CFDs give leveraged exposure to stocks, indices, commodities and currencies without owning the asset, and they are what the risk warning on this page refers to. Availability varies: eToro says new users from Spain have not been able to trade CFDs since August 2024, following guidance from the regulator CNMV, and futures are only in a limited beta.²

CopyTrader mirrors another user's trades in your account. The minimum to copy one trader is $200, you can copy up to 100 traders, and the feature itself costs nothing extra, although the normal spreads and overnight fees apply to copied positions.^7,2 Smart Portfolios are ready-made themed portfolios without a management fee.² eToro stresses that copy trading is not investment advice and that your capital is at risk.⁷

Regulation in each region

eToro is a group of regulated entities, and the one you deal with depends on where you live. That decides the rules, the products and any compensation scheme. The list reflects eToro's regulation page in October 2026; for the UK, EU and US entities we also checked the regulator's own register.¹

United Kingdom: eToro (UK) Ltd, authorised and regulated by the Financial Conduct Authority (FCA), firm reference number 583263; also registered with the FCA for cryptoasset activities.^1,13
European Economic Area: eToro (Europe) Ltd, authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), licence 109/10; according to eToro, also licensed under the EU crypto-asset regulation MiCA since January 2025.^1,12
Australia: eToro AUS Capital Limited, regulated by the Australian Securities and Investments Commission (ASIC), Australian Financial Services Licence 491139.¹
United Arab Emirates: eToro (ME) Limited, regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market, Financial Services Permission 220073.¹
Seychelles: eToro (Seychelles) Ltd, licensed by the Financial Services Authority Seychelles as a broker-dealer, licence SD076.¹
Singapore: eToro Singapore Pte. Ltd., Capital Markets Services licence CMS101824 from the Monetary Authority of Singapore (MAS).¹
United States: eToro USA LLC (crypto) is registered with FinCEN as a money services business (NMLS ID 1769299) and holds state money transmitter licences where required. eToro USA Securities Inc. is an SEC-registered broker-dealer and FINRA member (CRD 298361).^1,14

Protection differs by entity. If the firm fails and client money or assets are missing, eToro UK clients can claim from the UK Financial Services Compensation Scheme up to £85,000 and eToro Europe clients from the Cyprus Investor Compensation Fund up to €20,000.¹ Neither scheme covers investment losses, and eToro's risk disclosure says its crypto services do not give access to them.¹⁰ The FCA register also lists clone firms that have used eToro's name, so check the web address before you enter any details.¹³

Fees and charges

eToro's fee schedule has become more detailed in recent years, so the old "zero commission" headline no longer tells the full story. These are the main charges listed on its fee pages in October 2026:^2,3

Account opening and management: Free.
Stocks: $1 or $2 when opening and when closing a position, depending on your country and the exchange. Not charged on ETFs, CFDs, copy trading or Smart Portfolios. UK share purchases also carry 0.5% stamp duty reserve tax.
ETFs: No commission.
Crypto: 1% per position on buying and on selling for the Bronze, Silver and Gold Club tiers; lower for Platinum, Platinum+ and Diamond members, depending on monthly volume. Transfers from the platform to the eToro Money wallet cost 2%.
CFDs: Opening and closing spread, for example 1% on crypto CFDs and 0.15% on stock and ETF CFDs, plus overnight fees (triple for the weekend).
Withdrawals: $5 from the USD account (minimum withdrawal $30); free from a local currency account.
Inactivity: Listed as free.
Currency conversion: Charged when money changes currency, for example 150 pips on EUR or GBP deposits into the USD account and 0.75% between a local currency account and USD. Higher Club tiers get discounts.

For a long-term buyer of US shares and ETFs, currency conversion and the per-trade stock commission are likely to cost more than anything else. A local currency account in GBP, EUR, AUD or DKK, where available, avoids conversion on deposits and withdrawals.^2,3 Costs are shown on the trade screen before you confirm, and fees change, so check the current schedule before you invest.²

Minimum deposit and payment methods

The minimum first deposit depends on your country: $50 in many countries, including the UK, the US, Australia and most of the EU; $100 in Bahrain, Kuwait, Oman, Qatar and the UAE; $200 in other eligible countries; and up to $2,000 in a few places. Later deposits start at $50 ($10 in the UK, $1 in the US), bank transfers at $500.⁴

Payment options include cards, bank transfer, eToro Money and, depending on the country, PayPal, Trustly, iDEAL and Przelewy24. Unverified accounts can deposit no more than $2,250 in total, and payments from an account in another person's name are not accepted.⁵

How opening an account works

Opening an account is free, but a regulated broker has to check who you are. eToro describes these stages:^8,9

Check that you are eligible: 18 or older, resident in a country eToro serves, with a valid email address and mobile number.
Create a profile on eToro's website or app with a username, email address and password, or a Google or Facebook login, and read the terms and privacy policy before accepting them.
Add your personal details exactly as they appear on your ID and answer the questions about your investment knowledge.
Verify your phone number and upload a proof of identity and a proof of address issued within the last three months. eToro says the check can take a few days.
Set a budget before your first deposit and consider practising with the virtual portfolio first. The minimum first deposit depends on your country.

Only invest money you can afford to lose, and make sure you understand a product before you use it. CFDs and leverage can multiply losses. Capital at risk.

Pros and cons

What we like

Regulated by well-known supervisors, including the FCA, CySEC and ASIC; parent company listed on Nasdaq
Stocks from more than 20 exchanges, ETFs, crypto and CFDs in a single account
Copy trading and Smart Portfolios without a separate management fee
No commission on ETFs, free account opening and no inactivity fee listed
Local currency accounts in GBP, EUR, AUD or DKK avoid conversion on deposits and withdrawals
Free $100,000 virtual portfolio for practice

What to watch

$5 fee on withdrawals from the USD account and conversion fees for money in other currencies
Stock commission of $1 or $2 per trade now applies in many countries
1% crypto fee per position for standard Club tiers adds up for frequent traders
CFDs and copy trading carry a high risk of loss: 51% of retail CFD accounts lose money with this provider
Products, minimum deposit and investor protection depend on your country and the eToro entity

eToro FAQ

Is eToro regulated?

Yes. Its main entities are supervised by the FCA in the UK, CySEC in the EU and ASIC in Australia, with further regulated entities in Abu Dhabi, Singapore, the Seychelles and the US. Which one serves you depends on where you live.

What is the minimum deposit on eToro?

It depends on your country: $50 in many countries, including the UK, the US, Australia and most of the EU, and up to $2,000 elsewhere. eToro's help centre has the full table.

Does eToro charge withdrawal or inactivity fees?

Withdrawals from the USD account cost $5; withdrawals from a local currency account are free. The inactivity fee is currently listed as free.

Is copy trading on eToro free?

There is no extra fee for CopyTrader, but the normal spreads and overnight fees apply to copied positions. The minimum is $200 per trader, and you can lose money even when copying experienced users.

Is my money protected if eToro fails?

That depends on the entity: up to £85,000 through the FSCS for eToro UK clients and up to €20,000 through the Cyprus fund for eToro Europe clients, if client money or assets are missing. Trading losses are not covered, and eToro says its crypto services are not either.

Can I try eToro without risking money?

Yes. Every account includes a $100,000 virtual portfolio. No real money is involved, so it cannot show how you would handle real losses.

Our verdict on eToro

eToro is a well-established, widely regulated platform with an easy route into share investing and copy trading. Its strengths are the breadth of the offer in a single app, supervision by regulators such as the FCA, CySEC and ASIC, and a fee schedule that is published in detail.

The weak points are the costs at the edges: stock commission in many countries, conversion fees outside the US dollar, the $5 withdrawal fee from the USD account and a 1% crypto fee for standard tiers. CFDs and copy trading carry a real risk of loss. For buying and holding shares or ETFs, eToro is worth a closer look once you have checked the entity, fees and products for your country.

Visit eToro's websiteCapital at risk · 51% of retail investor accounts lose money when trading CFDs with this provider

Sources

This review is general information, not investment advice. It is an editorial assessment based on eToro's published terms, fee pages and help centre and on public regulator registers, checked on 15 October 2026. We did not open an account or trade with real money. Products, fees and availability change and differ by country, so check the current terms for your country before you invest.