eToro Review 2026
eToro is a social trading broker known for its copy trading tool. It now faces an active ASIC court case, and many Trustpilot users report slow withdrawals.
Min Deposit
$100
Spreads From
1 pip
Max Leverage
1:30
Platforms
2
Pros
- Regulated by the FCA, ASIC, CySEC, MAS, and the SEC across its main markets
- Lets new users copy the trades of experienced investors automatically
- Combines stocks, ETFs, crypto, and CFDs in a single account
- Removed its monthly inactivity fee for dormant accounts
- Simple web platform and app that most beginners can learn fast
- eToro Europe holds an EU MiCA license for regulated crypto since January 2025
Cons
- Fined 1.5 million dollars by the SEC in 2024 over unregistered crypto sales
- ASIC settlement talks collapsed in 2025, so the CFD sales case went to trial
- No MetaTrader 4, MetaTrader 5, or cTrader for forex traders
- Trustpilot reviewers often report slow withdrawals and document requests
- Forex spreads from 1.0 pip are wide next to many dedicated forex brokers
- Crypto trading stays unregulated, so FCA and CySEC protections do not cover it
eToro started in 2007 in Tel Aviv and grew into a social trading platform used in over 75 countries, known for letting users copy other investors' trades. In 2024 the SEC fined eToro's US arm 1.5 million dollars over unregistered crypto sales. ASIC sued eToro in 2023 over risky CFD sales, and after a 2025 settlement collapsed, the case went to trial in 2026.
eToro offers stocks, ETFs, crypto, and CFDs on forex, commodities, and indices in one account, but there is no MetaTrader 4 or 5, only its own web platform and app. Forex spreads start near 1.0 pip on EUR/USD, above many forex only brokers. USD withdrawals cost 5 dollars, GBP and EUR stay free, and eToro no longer charges an inactivity fee.
On Trustpilot, eToro scores near 4.2 out of 5 from over 31,000 reviews, yet 1 in 5 leave 1 star, often over slow withdrawals and repeated ID checks. It holds real licenses from the FCA, CySEC, ASIC, the SEC, FINRA, and the MAS, so oversight covers its main markets despite the cases above.
Min. Deposit
USD 50
Max Leverage
1:30 for retail clients in the UK and EU
Spreads From
1.0 pips
Platforms
eToro is the pioneer of social trading and one of the world's most recognized trading brands with over 35 million users globally. Founded in 2007, eToro revolutionized online trading by introducing CopyTrader, which allows users to automatically replicate the trades of successful investors with transparent performance history.
Beyond social trading, eToro offers a comprehensive multi-asset platform covering forex, stocks (real ownership in many regions), ETFs, commodities, indices, and cryptocurrencies. The platform provides commission-free trading on US-listed stocks and ETFs, making it popular among retail investors.
eToro (Europe) Ltd is authorised and regulated by CySEC (licence 109/10) under MiFID II passporting rights. The platform also holds FCA and ASIC licences. The platform features a user-friendly interface designed for beginners, with a free demo account offering $100,000 in virtual funds that never expires.
Retail
eToro Club
- Dedicated manager
- Lower fees
49 currency pairs available for trading
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
Regulators
Platforms
- CySEC (Cyprus)
- FCA (UK)
- ASIC (Australia)
