eToro was founded in 2007 and now has over 40 million registered users across 140 countries. The broker is registered in Cyprus and regulated by the UK’s Financial Conduct Authority, the Australian Securities & Investments Commission, and the Cyprus Securities and Exchange Commission.
eToro is great for cryptocurrency investing, offering over 15 coins. It also features social trading, allowing users to copy other traders automatically. In addition, eToro provides access to 6,000+ stocks, 700+ ETFs, and savings plans. However, high forex fees and slow, costly withdrawals can be drawbacks. Let’s take a closer look in our in-depth eToro review.
| 5 Stars |
|
0% |
| 4 Stars |
|
0% |
| 3 Stars |
|
0% |
| 2 Stars |
|
0% |
| 1 Star |
|
0% |
When conducting our eToro review, we want to ensure that the platform’s usability meets modern standards. Ease of use is clearly a priority for eToro, and features like social trading enhance the overall user experience.
eToro’s website and trading app are truly a treat for those who like clean, modern design that’s paired with brilliant functionality. The colour scheme is pleasing whilst menus and buttons are clearly labelled and are exactly where you would expect them to be.
The built-in search bar is predictive and simple to use. Price alerts and notifications can be activated with a single click.
eToro offers powerful features like CopyTrader. With just one click, you can mirror the trades of selected investors. Users can copy up to 100 traders at once or simply follow their stats, portfolios, and risk scores.
You also get access to in-depth portfolio and fee reports, helping you stay informed about your performance and risk exposure.In addition, eToro gives users access to over 6,000 stocks, 700+ ETFs, savings plans, and 3.5% interest starting from just $1.
eToro hasn’t dropped the ball in the security department either. The broker has embraced cutting edge security protocols which include data encryption by default and a mechanism to prevent cyber-attacks.
eToro doesn’t compromise on security. The platform uses cutting-edge protocols, including default data encryption and robust protection against cyber threats.
User accounts are protected with Level 3 identity verification and all updates require dual-process authentication.
An important aspect of our eToro review is to look at making payments. eToro makes it easy to deposit money with lots of available options to do so. However, withdrawing money will set you back and only USD accounts are available.
One thing to note is that eToro only allows USD accounts. This means that your funds will be automatically converted to USD by eToro. For example, if you deposit EUR, a 0.025% fee will be applied and the same fee will also be charged when you withdraw.
eToro charges no deposit fees but the minimum deposit is $200. Thankfully, there are a lot of depositing options, making it easy for all. These include:
If you decide to make a bank transfer deposit, it will take 4-7 business days to appear in your account but there is no maximum deposit limit.
However, credit/debit card and electronic wallet deposits are instant but the drawback is maximum deposit limits. Credit/debit cards have a $40,000 limit whilst electronic wallets can be either $10,000 or $20,000.
Unfortunately, eToro does have a $5 withdrawal fee which is high in comparison to other brokers, with many crypto exchanges not charging a fee at all.
eToro also has a $50 minimum amount limit on withdrawals. You can make a withdrawal using any of the above options, the same as making a deposit.
The time it takes to make a withdrawal on eToro depends on the method, please see the list below:
eToro provides customer support through two main channels: live chat and a web-based ticketing system, which responds via email. While the service is generally helpful and responsive during working hours, it’s not available on weekends and there’s no telephone support.
Customer support is available in all 21 languages supported by the eToro platform. However, the lack of 24/7 availability and limited contact methods might be a downside for some users.
eToro is fully regulated and complies with top-tier financial authorities, including the FCA in the UK, ASIC in Australia, and CySEC in Cyprus. While it does not hold a banking license and its financial reports aren’t publicly available, eToro remains a trusted platform due to its strong regulatory framework.
eToro operates under different regulatory authorities depending on your country of residence, which also affects your level of investor protection.
UK users are protected by the Financial Conduct Authority (FCA). In case of insolvency, compensation of up to £85,000 is available through the Financial Services Compensation Scheme (FSCS).
eToro Australia is regulated by ASIC. However, unlike in the UK or EU, Australian clients are not entitled to any mandatory compensation scheme.
EU users are regulated by CySEC. Eligible clients can benefit from deposit protection of up to €100,000, depending on local implementations and account structure.
It’s important to note that cryptocurrencies are not covered by investor compensation, as crypto markets are not regulated in the same way. Still, eToro works to resolve issues quickly and maintain user trust.
Founded in 2007, eToro has over 40 million users worldwide and has proven its resilience by surviving major market disruptions. While the company is not listed on a stock exchange and does not publish financial statements, it remains one of the most widely used trading platforms globally—supported by strict regulation and a solid reputation.
eToro offers an impressive selection of over 70 cryptocurrencies, making it one of the most comprehensive crypto trading platforms among regulated brokers. This broad variety appeals to many investors—especially compared to platforms like TradeStation Crypto (5 coins) and Robinhood (7 coins).
Here are some of the cryptocurrencies currently available on eToro:
You can currently trade cryptocurrency on eToro in 39 US states. At the time of writing, eToro is unlicensed for cryptocurrency trading for residents in these states: Delaware, Hawaii, Illinois, Louisiana, Minnesota, Nebraska, Nevada, New Hampshire, New York, North Carolina and Tennessee.
Beyond crypto, eToro provides access to over 6,000 stocks from 16 global stock exchanges, including
eToro has a minimum deposit starting from $50, depending on your country of residence. The platform offers zero-commission stock and ETF trading for European clients when investing in real assets (non-CFDs). For non-EU clients, commission-free trading may not apply, but the overall fees remain competitive.
In addition, eToro charges a non-trading inactivity fee of $10 per month after 12 months of no login activity.
eToro charges crypto trading fees via variable spreads, which adjust based on market conditions and are reviewed regularly. For example, Bitcoin spreads start from 0.75%, while coins like Tezos can go up to 5%.
eToro is regulated by the Cyprus Securities and Exchange Commission (CySEC), the UK’s Financial Conduct Authority (FCA), and the Australian Securities and Investments Commission (ASIC). This multi-jurisdictional oversight contributes to eToro’s credibility and global accessibility.
In the United States, eToro currently supports only cryptocurrency trading, and is licensed in 39 US states. It is not registered with the U.S. Securities and Exchange Commission (SEC), as it does not offer securities trading in the US—this limits its ability to operate in all states.
In Europe, client funds may be protected by deposit insurance up to €100,000, depending on local regulations and account structure.
⚠️ Your capital is at risk.
The first step to trading cryptocurrency on eToro is creating your account. Getting started is easy—you just need your email address and phone number to begin.
After verifying your email, you can log into your eToro account and complete your profile. To meet regulatory requirements, you’ll need to confirm your identity and provide some personal information. Just click “Complete Profile” under your username and follow the instructions.
Once your account is fully verified, you can deposit funds and begin trading. Click “Deposit Funds” under your profile and enter the amount you wish to deposit. The minimum deposit starts from $50, depending on your country of residence.
Once the funds have been successfully deposited into your account, you’re ready to buy on eToro! Now what you need to do is go to the “Trade Markets” section in the navigation bar and click “Crypto”.
You will then see a list of all the cryptocurrencies available to purchase on eToro. Let’s take a look at how to buy some Bitcoin:
Once you’ve selected your cryptocurrency, a window will pop up where you can put in the details of the trade.
You can now select the amount that you wish to invest. Under “Stop Loss” you can enter the maximum loss you are willing to have in the trade. This means that if the price falls to your stop loss, the Bitcoin will be automatically sold.
Under “Take Profit”, you can set the price at which your Bitcoin will be automatically sold.
You can also disable both “Stop Loss” and “Take Profit”.
Once everything is set, click “Open Trade” to execute your order.
⚠️ Your capital is at risk.
Positive eToro reviews highlight its ease of use, beginner-friendly interface, and useful reports. Many users also mention that customer service responded quickly and effectively.
Some negative reviews point to high fees or mixed results with CopyTrader. However, it’s important to remember that performance depends on the traders you choose to follow—not on eToro itself.
eToro is a powerful platform for anyone looking to get started with cryptocurrency trading. It offers a wide variety of coins, is accessible in the US for crypto trading, and the interface is intuitive for both beginners and experienced users. The helpful reports make managing your portfolio easier than ever.
What truly sets eToro apart is its unique features. CopyTrader enables users to follow top-performing investors in real time—making professional strategies more accessible to everyone.
That said, eToro has a few downsides. Fees are on the higher side, accounts are USD-only, and the platform’s availability is limited in parts of the US. Still, eToro provides access to over 6,000 stocks, 700+ ETFs, and savings plans—making it a well-rounded choice for many traders.
So, what did you think of our eToro review – will you try it out?
⚠️ Your capital is at risk.
Disclaimer: eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% 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.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results. 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.
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.
This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.
