eToro Review 2026
Good for beginners and copy traders. Spreads are not the tightest.
Social trading pioneer. Best for copy trading and beginners who want to follow experienced traders. Spreads are wider than raw-spread brokers.
What's on the menu
eToro has been serving since 2007, with the kitchen based in Tel Aviv, Israel. Its shares trade publicly under the ticker NASDAQ:ETOR. The order book runs deep: 3,000 CFD instruments spanning forex, indices, commodities and crypto. Beyond the CFD menu, you can also own real shares outright.
MetaTrader is off the menu; the broker cooks only on its own in-house platform. A copy-trading table lets you mirror another trader's orders automatically, no recipe of your own required.
| Founded | 2007 |
| Headquarters | Tel Aviv, Israel |
| Instruments | 3,000+ |
| Platforms | eToro Platform, iOS, Android |
| MetaTrader | No |
| Copy trading | Yes |
| Real stocks | Yes |
Kitchen inspection: is eToro safe?
FCA-regulated brokers must keep client funds in accounts segregated from company funds, provide negative balance protection, and contribute to the Financial Services Compensation Scheme (FSCS), which covers up to £85,000 per client if the broker becomes insolvent.
| Regulator | Licence | Entity |
|---|---|---|
| FCA | 583263 ✓ | eToro (UK) Ltd |
| CySEC | 109/10 ✓ | eToro (Europe) Ltd |
| ASIC | 491139 ✓ | eToro AUS Capital Ltd |
| FinCEN | Registered ✓ | eToro USA LLC |
| FSA | SD076 ✓ | eToro (Seychelles) Ltd |
Want to inspect the kitchen yourself? Pull up register.fca.org.uk and look up the FCA licence. The listing lays out the entity name, its authorisation status and the full list of what it is cleared to do. A minute, tops.
Ready to open an account?
eToro - FCA regulated, min deposit $50, 3,000+ instruments.
Ingredient costs: eToro spreads
Here is what the raw ingredients cost on a standard eToro account. Spreads breathe with the market and with your account tier; step up to an ECN or raw-spread table and the spread shrinks, but a per-trade commission joins the bill.
| EUR/USD | 1.0 pips |
| GBP/USD | 1.5 pips |
| USD/JPY | 1.0 pips |
| Gold (XAU/USD) | 45c/oz |
| S&P 500 | 0.75pt |
That EUR/USD figure of 1.0 pips is a fair price to pay on a commission-free account.
The bill: eToro withdrawal fee and timing
Cost to take money out: $5 per withdrawal. This is charged by eToro on every withdrawal request. It is one of the few major brokers that charges a withdrawal fee.
How long it takes: 1 to 8 business days. eToro processes requests within 1 business day, but bank transfers take additional time. E-wallets and cards are typically 1 to 3 days.
No cash leaves the till until your identity checks out. If your proof of ID and address are not yet filed and cleared, the payout waits; once you are fully verified, cash-outs follow the timings shown above.
The cover charge by entity
The opening deposit at eToro depends on which entity seats your country. Offshore branches tend to set a smaller cover charge, but you dine with a thinner layer of regulatory protection.
| Entity | Regulator | Min deposit | Max leverage (forex) |
|---|---|---|---|
| eToro (UK) Ltd | FCA 583263 | $50 | 1:30 |
| eToro (Europe) Ltd | CySEC 109/10 | $50 | 1:30 |
| eToro AUS Capital Ltd | ASIC 491139 | $50 | 1:30 |
| eToro USA LLC | FinCEN Registered | $50 | 1:1 |
| eToro (Seychelles) Ltd | FSA SD076 | $50 | 1:400 |
eToro vs Plus500
| eToro | Plus500 | |
|---|---|---|
| Primary regulator | FCA 583263 | FCA 509909 |
| Min deposit | $50 | $100 |
| EUR/USD spread | 1.0 pips | 0.6 pips |
| MetaTrader | No | No |
| Instruments | 3,000+ | 2,000+ |
| Copy trading | Yes | No |
| Withdrawal fee | $5 per withdrawal | Varies |
Both kitchens hold real licences, so neither is a bad table. Pull up a chair at eToro if you value copy trading and following other traders. Plus500 plates up better for anyone who leans on leaner spreads.
The licences, line by line
| FCA | 583263, eToro (UK) Ltd |
| CySEC | 109/10, eToro (Europe) Ltd |
| ASIC | 491139, eToro AUS Capital Ltd |
| FinCEN | Registered, eToro USA LLC |
| FSA | SD076, eToro (Seychelles) Ltd |
Under ESMA house rules, retail traders in the EU and UK are served leverage no higher than 1:30 on the major forex pairs. The offshore entity will pour up to 1:400, but that comes with a lighter seal of protection.
What tastes good, what leaves a bad aftertaste
Cooked well
- FCA and CySEC regulated
- NASDAQ listed (ETOR)
- Copy trading, follow top traders
- Real stocks and crypto ownership
- $50 minimum deposit
- Commission-free stock trading
Sent back
- EUR/USD spread 1.0 pip, wider than ECN brokers
- Withdrawal fee of $5
- No MetaTrader
- Complex fee structure
- $10/month inactivity after 12 months
Compare eToro before you commit
4.3/5 rating - FCA regulated - min deposit $50
The verdict
Nothing on the plate here is fake: eToro is a genuine, regulated broker, and FCA licence 583263 checks out on the public register. The table is set best for social traders who like to follow the chef. We rate it 4.3 out of 5.
Other tables worth a look
If eToro is not quite to your taste, these regulated kitchens are worth comparing:
Frequently asked questions
Is eToro safe?
FCA-regulated brokers must keep client funds in accounts segregated from company funds, provide negative balance protection, and contribute to the Financial Services Compensation Scheme (FSCS), which covers up to £85,000 per client if the broker becomes insolvent. The kitchen holds FCA licence 583263, and you can confirm it for yourself on the official register.
What is the eToro minimum deposit?
The cover charge is $50 at the main regulated entity. Offshore branches may plate it differently, so check the entity table above for the full spread.
What is the eToro EUR/USD spread?
On a standard eToro account the EUR/USD ingredient runs about 1.0 pips. It moves with the market; an ECN or raw table trims the spread in exchange for a per-trade commission.
How long does eToro take to process withdrawals?
1 to 8 business days. eToro processes requests within 1 business day, but bank transfers take additional time. E-wallets and cards are typically 1 to 3 days.
Does eToro charge withdrawal fees?
$5 per withdrawal. This is charged by eToro on every withdrawal request. It is one of the few major brokers that charges a withdrawal fee.
Does eToro have MetaTrader?
No. MetaTrader is not served here; the broker cooks only on its own platform. If MT4 or MT5 is a must for your automated recipes, look elsewhere.