As known from:
CoinWireICOBenchCoinCodex
Write a Review
Write a Review
Nothing Found
Contains commercial content
TradersBest.com / eToro Review

eToro Review & Rating USA 2025

Is eToro USA Scam or Legit?

Crypto
eToro
Favicon
4.6/5
Minimum Deposit
$50.00
Deposit Protection
$20,000.00
Amount of Currencies
94
BTC/USD Spread
1 %
Go to eToro
eToro USA LLC and eToro USA Securities Inc.; Investing involves risk, including loss of principal; Not a recommendation
Details
Payment Methods
User Reviews

eToro is perhaps one of the best-known online trading platforms. In this eToro review, we’ll explore whether the platform truly lives up to its claim of making financial trading accessible to everyone, beyond the traditional stock exchange environment.

For some time, trading regulations meant eToro was unavailable in the US, despite its popularity across Europe and beyond. We’re pleased to report that eToro is now accessible again in over 40 US states, though with limited features. That’s why we’re bringing you this eToro USA review, where we’ll explore the platform in depth and test everything currently available to US customers.

 

Read More
eToro Pro and Con
  • Simple and easy-to-use platform with an intuitive design
  • Fast and hassle-free account opening process
  • Strong cryptocurrency trading capabilities
  • Access to 6000+ stocks and 700+ ETFs
  • Earn 3.5% interest starting from just $1
  • Trusted platform with global reputation
  • Some features are limited for US-based users depending on state regulations
Payment Methods
Bank Transfer
Neteller
Skrill
+
License
MSB - Money Services Business (USA)
Accepts Customers from
USA
USA
Company
eToro Ltd
Founded
2007
Website
etoro.com
Available Languages
EN
ES
+
Customer Support
Live Chat
Verified by
Information Security Management (ISO 27001)
Overall Rating
4.6/5
  • New Customer Offers
    4.6/5
  • Usability
    4.6/5
  • Mobile App
    4.7/5
  • Available Account Types
    4.2/5
  • Trading Platforms
    4.7/5
  • Payments
    4.3/5
  • Customer Service
    4.7/5
  • Regulation & Deposit Insurance
    4.6/5
Payment Provider Fees Safety
Bank Transfer Payout at most 5€ very high
Neteller Payout at most 5€ high
Skrill Payout at most 5€ high
Visa high
Mastercard high
No review posted yet.
User Rating
0/5
5 Stars
0%
4 Stars
0%
3 Stars
0%
2 Stars
0%
1 Star
0%
Last Updated on 23/06/2025

eToro USA - Usability, Look & Feel

When testing their website for this eToro review, it’s hard not to be aware of their open desirability to be the ‘social media of financial trading’. It’s certainly fair to say that eToro’s website resembles a social media site, however, it also manages to retain its own identity and character – not to mention the fact it’s sleek, clever, and extremely easy to navigate.

The design follows a green-and-white colour scheme that’s pleasing to the eye without being too bland or boring. In terms of getting around the website, everything is where you want it to be, with a button for everything you seemingly need on each page managing to appear as if by magic.

The eToro open account process is quick, easy and safe with a secure two-step login system. Once you’ve created your account and are inside, making deposits can be done quickly and seamlessly. Withdrawals are equally as easy to do, however, withdrawal times can be slow.

Overall, this is just what a modern financial trading website should look like – much better than the dated look and feel of some of their competitors as discussed in our Fortress Capital and Autoshares review.

As this is an eToro review USA, we’ll be focusing on the parts of the website and trading platform that are available to US account holders.

eToro Open Accounts

Our eToro review noted that eToro operates in numerous countries throughout the world, the different types of eToro open account clients can have depends strictly on the laws and regulations of each country. Rather than being dictated by what type of account you have, it’s the country you open your account in that has a bigger influence on what you can and can’t do with your eToro open account.

Worldwide, there are 2 different types of eToro open account: Retail and Professional.

Retail Clients

A retail client is essentially an individual, private and non-professional client. Retail clients have access to all of the eToro trading functions and platforms that are available in their country of residence. US clients do not have the option of working with leverage. However, depending on the country, funds are protected by the supervisory authorities and they receive protection against negative balances and restrictions on the closing of margins.

Professional Clients

To become a professional client at eToro, you must successfully pass an eligibility test to verify that you qualify as a professional trader. Professional clients at eToro still have protection against negative balances. Professional clients also cannot trade with leverage in the US. However, professional clients must forgo certain asset protection measures such as the Investor Compensation Fund.

Demo account

If you’re completely new to the complex world of trading, then you can get to grips with it and practice without investing any real money thanks to the eToro demo account. The eToro demo account allows you to do absolutely everything you can do with an eToro Retail Client Account, only with virtual money so it involves zero risk. The eToro demo account is easy to open: simply register with your email, Google+ or Facebook account and you’re off!

eToro Open Account USA

Before we go any further, only customers from the following states are eligible for an eToro open account in the USA:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin and Wyoming.*

*As the laws and regulations are ever evolving and changing, it’s highly likely that the states allowed to open eToro accounts will be updated, as will the capabilities for US customers. We hope (and are confident) that these changes will be for the better, however we always recommend reading through EToro’s updated T&Cs before opening an account. 

eToro open account: step by step

Opening an account with eToro USA is quick and can be done within a day.

  • Register

You can register your eToro open account by signing up with your email, Google+ or Facebook account and entering a couple of extra details. At this stage, you’ll already be able to use your eToro demo account with virtual money. If you want to go on to create a proper account and invest real money, move onto step 2.

  • Verify

To open a fully functional eToro open account in the USA you’ll have to provide the following documents to prove your identity and residence:

  • ID: copy of your passport or personal ID (drivers license etc.)
  • Residence: copy of a utility bill or bank statement

It shouldn’t take eToro USA more than 24 hours to verify your documents and open your account providing there aren’t any problems, however it can take longer.

  • Deposit

Once verified, you can make your first deposit — starting from as little as $1. From that point, you can begin trading and also earn 3.5% interest on available balances. For more details on payment methods, see the payment section of this eToro review.

If you’re interested in international brokers and our eToro opinions and reviews, read on! If you’re interested in a US-based broker, check out our Ally Invest review and Betterment review!

 

Trading Platforms

Much like their website, eToro’s trading platforms are sleek, easy on the eye and extremely user friendly, which is why we’ve scored them so highly in this part of our eToro review. If there’s one tiny negative we can get out of the way early on here, it’s eToro’s lack of a downloadable desktop trading platform. However, we have to say that it’s not really missed or needed as their web-based platform as quick and well – just as an online trading platform should in this modern age we live in!

eToro Web Platform

The web-based trading platform is clean, innovative, and easy to navigate—especially for beginners. More experienced users may miss deep customization options, as most elements are fixed in place. Still, the layout is logical, the search function works well, and helpful guides are readily available. Features like the CopyTrader™ system also highlight eToro’s strength in social trading—setting it apart from traditional brokers.

eToro Mobile Platform

Replicating an impressive web or desktop trading platform for the small screen is a hard feat to pull off, and many big online trading companies have failed. eToro have managed to bring their platform to mobile excellently. There are some things missing on the mobile version, such as less charting features and even more limited customization options, but that’s to be expected when reducing such a large scale and highly functioning platform. When testing the mobile platform for our eToro review, we experienced no bugs or lagging. The eToro mobile trading platform is available for both iOS and Android.

Payments

Making payments with eToro is quick and easy, with numerous payment options available. Rather strangely, given that eToro was unavailable to US customers for a number of years, the only base currency permitted with eToro is USD. This shouldn’t restrict any readers of this eToro review.

Deposits

Depositing money with eToro USA is straightforward. You can fund your account using a variety of methods including bank transfer, credit/debit card, PayPal, Skrill, and Neteller. The minimum deposit is just $1, and deposits made with cards or eWallets are typically processed instantly. Bank transfers may take 4–7 business days. Note that deposits must come from an account in your name—third-party payments are not accepted.

There are no deposit fees for US clients, and since the account base currency is USD, there are no currency conversion charges either.

eToro Review: Deposit step by step guide

  1. Sign in to your eToro account
  2. Click the “Deposit Funds” button in your account homepage
  3.  Enter the amount that you want to deposit
  4. Choose your preferred deposit method

Withdrawals

Withdrawals are also easy to initiate, with a minimum amount of $30 USD. However, eToro charges a $5 withdrawal fee, and processing can take some time. Internal approval may take up to 2 business days, provided your account information is verified. After that, payment processing by your bank or eWallet can take another 1–3 business days, though in some cases longer. For bank transfers, the full process may take up to 7 days or more.

eToro Review: Withdrawal step by step guide

  1. Sign into your account
  2. Click on the “Withdraw Funds” button on the left-hand menu
  3. Enter the amount you wish to withdraw in USD
  4.  Fill out the online withdrawal form
  5. Click “Submit” and wait for the lengthy withdrawal period to begin

Customer Service

eToro’s FAQs, help tools and educational tools are extremely helpful and work efficiently, which is just as well as their customer service leaves a lot to be desired, unfortunately.  For a website that we’ve otherwise lauded for being super slick, easy to navigate and efficient, the customer 24/7 live chat is extremely difficult to locate. In the end, what we had to do was type “Customer Service” into the search bar in order to find it.

During our eToro review it’s easy to see why eToro USA might want to keep their customer support live chat hidden; it’s not very good and they’re often unavailable. They claim to be 24/7, but we had difficulty getting through on evenings and weekends. When we did get answers they were, for the most part, useful, however sometimes answers appeared to be simply copied and pasted from the FAQs. If you’d like compare service support with another platform, check out our Tastyworks review, a great option for active traders.

If you do want to get in touch with eToro USA, we’d recommend doing so via email or their phone line, where you’ll get dealt with on a more personal level. The good news for US customers here is that they are contactable via a toll-free phone line with an American number.

Our overall experience with eToro’s customer service was a decidedly average one, as they could never strike the right balance; either the response times were slow but the answers were good, or the response times were fairly quick but the answers were either copy and pasted, not useful or impersonal. When we looked into other customers’ experiences, we found similar results, with many citing saying they had to go through bad experiences until they found the right service agent to help them. From this, it seems that eToro need to work on their customer service staffing and their live chat’s functionality.

Regulation & Deposit Insurance

Let’s start off here by answering the first question everyone wants to know when researching a trading platform or broker, is eToro legit?

The answer is yes—eToro is a fully legitimate brokerage. It’s licensed by the Cypriot Investment Firm (CIF) and regulated by the Cyprus Securities and Exchange Commission (CySEC), the UK’s Financial Conduct Authority (FCA), and the Australian Securities and Investments Commission (ASIC).

In the US, things work a bit differently. eToro is registered as a Money Services Business (MSB) with the Financial Crimes Enforcement Network (FinCEN) and operates in more than 40 US states under individual state-level licenses:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

A full list of state regulators, including contact details and consumer rights, can be found on eToro’s website.

Deposit Protection

UK customers are protected up to £85,000 via the FCA, and European clients up to €20,000 through CySEC. In the US, however, protection schemes vary by state and apply only to specific financial instruments.

As crypto trading is currently the only service available to US customers, no federal or state-level investor compensation scheme applies. Funds are not protected by the FDIC or SIPC. However, eToro USA keeps client funds in segregated accounts and complies with anti-money laundering (AML) and Know Your Customer (KYC) obligations under US law.

Additional Offers

eToro Referral Program – Earn Bonus Cash

If you refer a friend to eToro and they sign up, verify their account, and make a qualifying deposit, you may both be eligible to receive a referral bonus. The exact bonus amount and eligibility criteria can vary depending on your location and the current promotion. Referral bonuses are subject to specific terms and conditions, so be sure to review the latest details on eToro’s website. If someone you know is already an eToro user, it might be worth checking if both of you can benefit from this program!

eToro Demo Account

If you’re new to online trading—or just want to get a feel for the platform—you can sign up for a free demo account. It allows you to explore the eToro platform using virtual funds, so there’s no risk to your own money. Signing up is quick via email, Google, or Facebook. You’ll be able to simulate real trading in real market conditions—perfect for gaining experience before switching to a live account.

eToro Cryptocurrency

Crypto trading is currently the only asset class available to eToro US customers. With eToro, you can trade a variety of leading cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), along with a range of crypto-to-crypto trading pairs. Please note that eToro is not available in certain US states, including Delaware, Minnesota, New Hampshire, New York, Nevada, Puerto Rico, Tennessee, Hawaii, Guam, American Samoa, and the US Virgin Islands.

Social Trading

eToro’s social trading feature allows you to view and automatically copy the moves of more experienced crypto traders. Once you find a trader whose strategy you like, you can mirror their positions with just one click. To use the CopyTrader feature, a minimum deposit of $200 per trader is required.

eToro Crypto Trading Costs

Stock Trading Costs On eToro

The fees required to trade stocks on the eToro platform are generally minimal, but they can vary depending on your location. For UK-based traders, eToro does not charge a commission on ETF trades. However, a $2 commission applies when trading on the Australian or Hong Kong exchanges, and a $1 commission applies for trades on all other exchanges.

CryptoTrading Costs On eToro

Trading crypto on eToro comes with variable fees depending on the asset. Instead of fixed trading commissions, eToro uses spreads, which are built into the buy and sell prices. For Bitcoin, the spread typically starts at around 1%, while other cryptocurrencies may carry higher spreads. These costs are displayed transparently on each asset’s trade screen.

There are no additional fees from eToro for depositing or withdrawing crypto internally within the platform. However, blockchain network fees do apply when sending or receiving crypto outside the platform. If you’re converting one cryptocurrency to another, eToro charges a crypto-to-crypto conversion fee of 0.1%.

eToro Wallet

eToro offers a free wallet app for both iOS and Android users. The wallet allows you to store, send, receive, and convert crypto assets. While the wallet itself is free to use, converting crypto to USD (or vice versa) within the wallet is subject to a relatively high fee of 5%, with a minimum transaction of $125 and a maximum of $10,000. These wallet-specific fees do not apply if you’re simply selling crypto directly on the eToro trading platform—only the regular spreads apply there.

Product Summary & Conclusion

Overall, crypto trading with eToro offers a solid and user-friendly experience, though fees are somewhat higher compared to some competing platforms. US users currently only have access to crypto trading, as other eToro products like stock or ETF trading are not yet available in the United States.

That said, there are strong positives worth highlighting. The trading platform itself is intuitive, modern, and easy to use for traders of all experience levels. It also looks and feels polished. One standout feature is the CopyTrader function, which allows less experienced users to follow and automatically replicate the strategies of seasoned crypto traders—potentially helping them make more informed decisions.

eToro’s crypto offerings are still growing, however, but still aren’t on a par with some other brokerages put there, as found in our Forex.com review.

Your capital is at risk!

eToro Review - Overall Conclusion

To wrap up our eToro review, we can confidently say that this is a modern, user-friendly trading platform with a strong global presence. If you’re based in Europe, Australia, or any region where the full suite of eToro products is available, it’s easy to recommend eToro—as we also concluded in our IG Broker review.

For users in the US, access is currently limited to cryptocurrency trading, which is a notable drawback compared to other platforms offering a wider asset range. That said, eToro still offers an intuitive and secure experience, particularly for users focused on crypto investing. Features like the CopyTrader system and interest on balances from just $1 add further value.

While we hope that regulatory changes will eventually allow US users full access to eToro’s capabilities, crypto-focused traders already have a solid platform here. If you trade in decent volume and appreciate a sleek, social-style trading environment, eToro is certainly worth considering.

Our Merrill Edge review, as well as our M1 Finance review are useful comparisons for traders looking at a range of options.

Your capital is at risk!

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS:1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not an assurance of future performance. Tradersbest is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

eToro
4.6/5
Rating
Go to eToro
Highlights
  • Start trading crypto with as little as $1
  • Social Trading tools available (Crypto only in the US)
  • Access to 24/7 customer support (response times may vary)
Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk.

User Reviews for eToro

No review posted yet.

Post your own Review

* required
Latest News
Study: how do finances shape our love life?
Do we find someone less attractive if they're ...
Is FTX Bankrupt? 
The crypto market has seen a drastic change ...
Disney Shares Jump 6% After Positive Earnings Report
A booming subscriber base and the return of ...
Alibaba Posts Flat Revenue Growth But Stock Still Jumps 6%
Chinese ecommerce giant Alibaba posted its first earnings ...
Intel Stock Slumps Over 8% Following Weak Earnings Report
Chip-maker Intel suffered a disastrous end to last ...
Top Crypto Sites
Coinbase
Coinbase
Coinbase Review
4.8/5
eToro
eToro
eToro Review
4.6/5
Kraken
Kraken
Kraken Review
4.3/5
TradeStation
TradeStation Review
3.9/5
SogoTrade
SogoTrade Review
4.0/5
Receive the latest trading news by email + our free eBook
Crypto eBook EN
Nobody is born a trading expert. Register now to receive the Ultimate Guide to Trading Cryptocurrencies in 2022 (and beyond), and receive the TradersBest.com newsletter with the latest market news and broker reviews!.

By registering, I agree that TradersBest.com may send me newsletters via email at regular intervals. This consent can be revoked at any time.
Receive the latest trading news by email + our free eBook
Nobody is born a trading expert. Register now to receive the Ultimate Guide to Trading Cryptocurrencies in 2022 (and beyond), and receive the TradersBest.com newsletter with the latest market news and broker reviews!.

By registering, I agree that TradersBest.com may send me newsletters via email at regular intervals. This consent can be revoked at any time.
Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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.

21+NCPGGamblers AnonymousCloudflareSSL
Close
Unlock the Market’s Potential! Discover Our Top Trading Platform Deals.
eToro
eToro
eToro USA LLC and eToro USA Securities Inc.; Investing involves risk, including loss of principal; Not a recommendation
Go to eToro
Coinbase
Coinbase
T&Cs apply, 18+
Go to Coinbase
×
Your Promo Code:
The bonus offer of eToro was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site