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eToro Review
A multi-asset social-trading platform popular in the UK/EU, with copy-trading, stocks, crypto and CFDs. Limited US product set.
Best for
- Copy-trading beginners
- Multi-asset dabblers
- Social traders
Not best for
- You want the lowest possible fees
- You need advanced charting
- You dislike spread-based pricing
Our verdict & scoring
eToro is best known for social and copy-trading, letting users mirror other traders. It offers real stocks and crypto plus CFDs in the UK/EU; its US offering is more limited (e.g. stocks and crypto, without CFDs). Fees include spreads and a withdrawal fee; understand the CFD risks before using leverage. Parent eToro Group went public on Nasdaq (ticker ETOR) in May 2025.
Scores are based on our review methodology. Affiliate relationships do not buy higher ratings.
Who should actually use eToro
eToro is the copy-trading pioneer: its core draw is mirroring other traders' portfolios inside a simple multi-asset app spanning real stocks, ETFs, crypto and (in the UK/EU) CFDs, backed by a large social community and a Nasdaq-listed parent (ETOR since May 2025). Social-minded beginners and multi-asset dabblers are the audience. It's the wrong pick for cost-minimisers, advanced chartists, or anyone who dislikes spread-based pricing — and the US product set is narrower (no CFDs).
What we'd change
The fee stack adds up: spreads on everything, a withdrawal fee, an inactivity fee and currency conversion on non-USD deposits. Advanced tooling is limited — this is a social app, not a trading platform — and the CFD side carries the usual leverage risk. Copying another trader copies their losses as faithfully as their wins.
How it compares to Fidelity
They solve different problems. Fidelity (US-only) is the low-cost, full-service wealth-builder — $0 commissions, deep research, retirement tooling; eToro (UK/EU/US) is the social layer — copy-trading, community and multi-asset simplicity, paid for via spreads and ancillary fees. A US long-term investor picks Fidelity without hesitation; someone who specifically wants copy-trading has few alternatives to eToro at its scale.
Pros
- Pioneer of copy-trading
- Simple multi-asset app
- Large social community
Cons
- Spread and withdrawal fees add up
- CFDs are high-risk
- Limited advanced tooling
Fees & hidden costs explained
Spread-based pricing; withdrawal fee and inactivity fee may apply; currency-conversion fee on non-USD deposits.
Safety, regulation & availability
UK: eToro (UK) Ltd is FCA-authorised (FRN 583263). EU: eToro (Europe) Ltd is CySEC-regulated. US: operates a separate US entity with a narrower product set (no CFDs for US retail). CFD leverage caps and negative-balance protection apply in UK/EU. Parent eToro Group is Nasdaq-listed (ETOR) since May 2025.
Account protection: UK: FSCS up to £85,000 (eligibility depends on product/entity). EU: Cypriot ICF up to €20,000. US: crypto/stock entity — verify protections.
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Frequently asked questions
Can US users trade CFDs on eToro?
No. CFDs are banned for US retail traders. eToro's US entity offers a narrower product set such as stocks and crypto.
Is eToro regulated?
Yes — eToro (UK) Ltd is FCA-authorised (FRN 583263), eToro (Europe) Ltd is CySEC-regulated, and there's also ASIC authorisation. UK clients may have FSCS protection up to £85,000 and EU clients the Cypriot ICF up to €20,000, depending on product and entity. Parent eToro Group is Nasdaq-listed (ETOR) since May 2025.
How does eToro charge?
Spread-based pricing plus a withdrawal fee, a possible inactivity fee, currency-conversion fees on non-USD deposits, and overnight financing on CFDs.
What is copy-trading on eToro?
You allocate money to automatically mirror another trader's positions. It's eToro's signature feature — but you copy their losses as well as their wins, and past performance doesn't guarantee anything.
What is the minimum deposit on eToro?
$50.
Does eToro have a demo account?
Yes — a paper-trading mode lets you practise (including copy-trading) with virtual money first.
Official sources
Risk warning: Trading stocks, options, futures, forex, crypto, CFDs and funded accounts involves risk. You can lose money. This website is educational only and does not provide financial, investment, tax or legal advice.
Leverage, volatility, fees, spreads, liquidity and platform rules can increase losses.
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