Table of Contents
eToro Review 2025 - Is the eToro Online Brokerage Safe?
What we like
- Social trading features
- 100+ popular cryptocurrencies up for trade with fixed 1% fee
- 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. Learn more
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eToro is an online brokerage platform that offers trading on thousands of stocks and ETFs, options, and 125+ cryptocurrencies. Our eToro review found that this wide selection of assets isn’t the exchange’s only advantage. It also stands out for low trading fees—including 0% commission on stocks, ETFs, and options—and its innovative social trading network. You can share your trades and copy over 100 experienced traders with just a click or tap.
eToro does have some shortcomings, though, including limited stock analysis and research tools and a lack of crypto-crypto trading pairs. However, if you want access to a wide range of assets and take part in social trading at the lowest possible price, this brokerage platform can be very attractive.
eToro Pros and Cons
eToro lets you trade 6,000+ stocks, 125+ cryptocurrencies, 680+ ETFs, 24 indices, and 43 commodities using its web platform and mobile app. Its list of trading products and services also includes CFD trading, copy trading, and staking. However, what makes eToro stand out is its Smart Portfolios. These portfolios, created by eToro analysts, give you exposure to a wide range of commodities using a single portfolio. Most require a minimum investment of $500, making them accessible to a wide range of traders.
eToro also stands out from the competition with its copy trading service. You can copy up to 100 traders simultaneously, as well as test this service in demo mode. The minimum amount to invest in a trader is $200, which can be a financial obstacle for some investors, while the maximum limit is $2,000,000.
Regarding staking, you can stake Cardano, Solana, Ethereum, Near Protocol, Polygon, Tron, Polkadot, and Cosmos. However, the staking service isn’t available in Germany and the US. Moreover, US traders can open and close their crypto positions only in BTC, BCH, and ETH. Another downside of using eToro includes the lack of crypto-crypto trading pairs.
Pros
- Invest in 6,000+ stocks, 125+ cryptocurrencies, 680+ ETFs, 24 indices, and 43 commodities
- Copy up to 100 traders simultaneously
- Free demo account with $100,000 in virtual money
- Zero commission for ETF trades
- Interactive charting tools, including 7 chart types, 50+ drawing tools, and 100+ indicators
Cons
- The staking service is not available in the US
- Only in BTC, BCH, and ETH available for US traders
- Crypto trading is not available in NY, NV, HI, Puerto Rico, and the US Virgin Islands
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. Take 2 mins to learn more.
Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk
About eToro
eToro launched in Tel Aviv, Israel, in 2007 as a broker for contracts for difference (CFDs) for forex and commodities. It added stocks, ETFs, and Bitcoin to its list of assets in 2013, then expanded into the US in 2017 as a cryptocurrency-only broker. In 2022, eToro opened up stock, ETF, and options trading for US customers.
eToro added its signature copy trading feature in 2010. This was highly innovative at the time and remains one of the biggest draws to eToro. Copy trading has since been mimicked by several other brokerage firms in the US and abroad.
Today, eToro has more than 25 million users across more than 40 countries, including more than 2 million users in the US. It’s available in all U.S. states, except American Samoa and Guam. However, crypto trading is not available in New York, Nevada, Hawaii, Puerto Rico, and US Virgin Islands.
eToro now supports deposits, withdrawals, and trading in EUR, alongside GBP and USD, making it a cost-efficient choice for European traders. By using the currency that matches your bank’s, you can avoid unnecessary conversion fees
What is eToro Good For?
eToro is a competitive brokerage for stock, ETF, options, and crypto trading in the US. It offers 0% commission trades on stocks, ETFs, and options, and a low 1% fee on cryptocurrency trades. eToro also offers extended hours trading, which makes this platform suitable for active traders, especially those dealing with global markets.
eToro also stands out for its social trading tools, including copy trading. It’s worth noting that the platform offers a 4.3% interest on unused capital for all users. In addition to that, you can make deposits and withdrawals in EUR, and choose the currency of the asset you’re trading in (EUR, GBP, or USD) to avoid conversion fees.
Let’s take a closer look at the areas in which eToro excels compared to the competition:
Commission-free Stock and ETF Trading
eToro offers 0% commission trades on over 6,000 stocks and 682 ETFs. The company provides nearly all stocks on the NYSE and NASDAQ exchanges, along with a wide range of popular American Depository Receipts (ADRs). eToro doesn’t support trading on OTC stocks or penny stocks. There are also new filters available to sort through assets (e.g., UCITS, dividend yield, stock exchange, price changes).
Commission-free Options Trading
Options trading on eToro is also commission-free for hundreds of US stocks. Options trades can have up to 2 legs, enabling a wide range of hedging strategies. An options builder helps you analyze the risk and reward of each options trade.
Please note that there’s no withdrawal fee for GBP and EUR accounts. However, if you use USD, you’ll have to pay a fixed $5 fee.
Cryptocurrency Trading
Cryptocurrency trading is a highlight of using eToro. You gain access to 125 cryptocurrencies at a fixed trading fee of 1% for each buy and sell transaction. This low fixed fee makes eToro one of the best crypto exchanges in the US for buying crypto with a debit card.
However, it’s important to note that US investors can only trade Bitcoin, Ethereum, and Bitcoin Cash on eToro.
You can withdraw crypto you purchase at eToro to an external crypto wallet for a fee. eToro even offers its own free mobile crypto wallet called eToro Money Wallet. However, you can’t transfer crypto back from an external wallet to your eToro account.
Social trading is another major draw to eToro and one of its most unique features. On this platform, you can share your trades, follow other traders, and comment on trades. You can also share your thoughts on the market in a feed that feels similar to Twitter (now X).
Another helpful aspect of social trading on eToro is that you can monitor sentiment on any asset. For example, you can see what percentage of eToro users are buying a stock versus selling it. This can help you decide how to trade.
The platform also offers AI-driven features to allow users to ask about top investors, popular stocks, daily movers, and other trending topics.
eToro offers copy trading, which lets you mimic the positions of another trader or investor with just a click. This is great for actively trading without a lot of work or for quickly building a portfolio in a new asset class, such as cryptocurrency. Investors can also sign up for eToro’s Popular Investor Program, which pays you to allow other users on the platform to copy your trades.
Earning on Uninvested Cash
Traders who qualify for an options account at eToro can earn up to 4.9% APY on uninvested cash. That’s significantly higher than the average US savings rate of 0.41% APY.
Customer Support
eToro offers 24/7 customer support by live chat and email. We found that the support agents were responsive and helpful when we got in touch. eToro reviews from current customers praise the broker’s customer service team as well.
In addition, eToro has a very detailed online help center. There are FAQs covering almost every aspect of trading and the eToro platform, so this is a great place to start if you have questions. There is also newly available educational content, including free trading courses for both beginners and advanced users
Charting Tools
eToro offers basic candlestick charts to quickly give you an idea of an asset’s price action. For more in-depth analysis, eToro offers access to ProCharts, an advanced charting software with tons of built-in indicators and customization features.
It’s worth mentioning here that eToro now integrates TradingView charts, offering professional-grade analysis capabilities.
Where Could eToro Improve?
While we enjoyed most aspects of the trading experience on eToro, there are some areas where the platform could be improved.
eToro’s fees are generally lower than those of competitors, but there are some hidden fees to watch out for. For example, you’ll pay $5 to withdraw cash from the platform (there’s no withdrawal fee for GBP and EUR accounts). You’ll also pay a 2% fee to transfer crypto from your eToro account to an external wallet.
Crypto-Crypto Swaps
eToro doesn’t offer any crypto-crypto trading pairs. If you want to swap one crypto for another, you’ll first need to convert it to USD and then purchase the new token. This results in additional trading fees and settlement periods. The conversion fee on eToro ranges between 1.5% and 3.0%, based on the currency and/or payment method. However, if you initiate a recurring investment plan and keep it active, you’ll pay a 0.75% conversion fee.
Stock Analysis
eToro offers only limited financial information about stocks, such as their market cap, revenue, and price-to-earnings ratio. The platform doesn’t provide access to balance sheets or additional financial metrics that many investors use when evaluating companies..
Cryptocurrencies Available on eToro
eToro supports 125 cryptocurrencies, from well-known crypto behemoths, like BTC, ETH, and SOL, to some of the best meme coins, like DOGE, SHIB, PEPE, and BONK. We were impressed with its dynamic dashboard that allowed us to monitor the performance of our tokens in real-time, and use 100+ indicators and 50+ drawing tools.
eToro recently added new tools, such as portfolio breakdown, risk insights, expected dividends, and portfolio comparison, to further facilitate its trading process.
On the downside, US traders can use only three coins to open and close their positions – Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH). This results from a settlement that eToro made with the SEC on Sept. 12, 2024.
With that in mind, eToro is available in over 40 countries, such as Australia, Belgium, Chile, Denmark, and France. Check out its official website to view the full list.
Copy Trading on eToro
Copy trading is a standout eToro feature that involves automatically mimicking the positions of another trader. If they buy or sell an asset, a proportional amount of that asset will be bought or sold in your trading account.
Anyone can copy trade on eToro. You must commit a minimum of $200 to copy a trader and you can copy up to 100 different traders at a time. eToro offers detailed statistics about each trader, including a list of their recent trades and a chart of their overall profitability, so you can decide who to copy.
There are no fees for copy trading, but all normal eToro trading fees apply.
Smart Portfolios
eToro’s Smart Portfolios are long-term investment portfolios created by eToro analysts that give you exposure to commodities using a single portfolio. You can choose between three types of Smart Portfolios: top trader portfolios, thematic market portfolios, and partner portfolios. eToro offers more than 65 smart portfolios tailored for different strategies. For example, thematic market portfolios include gaming companies such as Sony and Nvidia, as well as fashion companies like Nike and Crocs.
The minimum investment amount stands at $500 for the thematic market portfolio and the partner portfolio, while for the top trader portfolios, you’ll have to invest a minimum of $5,000. Moreover, you’ll be able to close your Smart Portfolios for zero fees.
eToro CryptoPortfolio
eToro’s CryptoPortfolio is a Smart Portfolio that provides diversified exposure to the largest crypto assets based on their market cap. Once you enter the eToro CryptoPortfolio dashboard, you’ll see four tabs: overview, stats, portfolio, and chart.
The first tab will give you an overview of your portfolio’s performance. The second tab contains charts showing your monthly and annual returns, average monthly risk scores, and asset allocation. When you click on the Portfolio tab, you’ll see a detailed breakdown of your investments, while the Chart tab will let you check your portfolio’s historical performance.
eToro Crypto Wallet
eToro has a native wallet called eToro Money. It’s compatible with Android and iOS devices, and you can download it from the Google Play and App Store. The wallet supports 39 cryptocurrencies, such as BTC, ETH, and XRP, and you can connect it directly to your account to make transactions.
After testing the wallet, we noticed that it comes with certain limitations. Namely, you can only transfer seven coins from the eToro trading account to the eToro wallet: Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Stellar, Tron, and Ripple. The transfers also come with a 2% transaction fee. Moreover, you won’t be able to use the wallet to send funds to your eToro account.
The wallet app is user-friendly; however, it can also be buggy at times. On a positive note, you can convert cryptocurrencies directly within the wallet.
eToro Deposit and Payment Methods
You can buy crypto on eToro using the following payment methods:
- eToro Money: Supports GBP and EUR
- Credit/Debit Cards: Visa and Mastercard
- Paypal: Supports USD, GBP, EUR, and AUD
- Neteller: Available for USD, GBP, EUR
- Skrill: Deposits with USD, GBP, and EUR
- iDEAL: EUR only
- Bank Transfers: Supports USD, GBP, EUR, AUD, AED, CHF, DKK, NOK, PLN, SEK, HUF, RON, and CZK
- Trustly: Supports EUR, GBP, SEK, and NOK
- Przelewy 24: PLN only
eToro doesn’t charge deposit fees. However, when you open a private account for the first time, you’ll have to make a minimum deposit that varies between $10 and $10,000, depending on your country. After that, the minimum deposit requirement is $50. For corporate accounts, the minimum deposit stands at $10,000 (Australia, Denmark, Estonia, France, Germany, Ireland, United Kingdom), $25,000 (Italy), and $50,000 (all other eligible countries).
When it comes to withdrawals, if you use USD, you’ll have to pay a fixed $5 fee, while the minimum withdrawal requirement stands at $30.
eToro Fees
Next, in our eToro review, we’ll discuss the platform’s fees. eToro won’t charge you for opening an account. You also won’t have to pay management, overnight, and spread fees (this doesn’t apply to CFDs). Withdrawals come with zero fees if you use GBP and EUR accounts, while for USD accounts, the fee stands at $5. If you don’t use your account for 12 months, you’ll pay an inactivity fee of $10 monthly.
Opening and closing a stock position will cost you $1 or $2, depending on your country, while opening and closing a cryptoasset position comes with a 1% fee. Commission fees for futures range between $3 and $5. Opening CFD positions, ETFs, Copy trading, and Smart Portfolios is free.
eToro also charges conversion fees ranging from 1.5% to 3.0%, based on the currency and/or payment method. You’ll pay reduced conversion fees (0.75%) if you initiate a recurring investment plan. While you can open and close your eToro wallet for free, if you want to transfer the funds from your eToro trading account to your wallet, you’ll have to pay a 2% fee.
| Account Opening Fee | Free |
| Management Fee | Free |
| Withdrawal Fee | Free or $5 (for USD) |
| Inactivity Fee | $10 per month |
| Conversion Fee | 1.5%-3.0%, based on the currency and/or payment method |
| Opening and Closing a Stock Position | $1 or $2 (doesn’t apply to CFD positions, ETFs, Copy trading, and Smart Portfolios) |
| Opening and Closing a Crypto Position | 1% |
| Crypto Transfer Fee | 2% |
| Open/close eToro Money Crypto Wallet | Free |
| Commission Fee For Futures | $3-$5 |
eToro Mobile Trading Apps
eToro offers outstanding mobile trading apps for iOS and Android. They offer access to all of the broker’s features, including trading, copy trading, and more. It’s easy to deposit or withdraw money using the mobile apps, and you can initiate new trades in a few taps.
Importantly, ProCharts is available through eToro’s mobile trading apps. This enables you to analyze price action on the go in order to make trading decisions. You can also monitor news and check analyst price targets for stocks.
Is eToro Safe?
eToro is a major brokerage with more than 25 million users worldwide and more than 2 million users in the US.
All eToro customers’ fiat funds in the US are protected by the Securities Investor Protection Corporation (SIPC). This guarantees your fiat funds up to $500,000 ($250,000 for cash). In addition, eToro’s clearinghouse, Apex, offers supplemental fiat insurance for up to $37.5 million per customer ($900,000 for cash).
Your online eToro account is protected by 2-factor and biometric authentication. These are highly secure measures widely used throughout the financial industry. eToro’s safety is one of the main reasons this trading platform ended up taking the top spot on our best Binance alternatives list.
On Feb. 19, 2025, eToros’ European subsidiary, eToro (Europe) Ltd, received a license from CySEC to provide services throughout the EU in accordance with MiCA. The platform has also achieved its annual SOC 2 Type II Compliance Certification. This certification was issued by Grant Thornton, which confirms that eToro adheres to the highest security standards.
Opening an eToro Account
We found the process of opening an eToro account to be fast and painless. The broker’s online sign-up takes about 3 minutes.
You’ll need to provide your name, email, and phone number to get started, then create a username and password for your account. After that, eToro requires that you upload a copy of your ID in accordance with regulations.
The minimum deposit to open an account is $50, which is reasonable for most traders. Future deposits have a minimum of $1. You can make a deposit by debit card or bank transfer.
Visit eToroDon’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. Take 2 mins to learn more.
Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk
Our Rating for eToro
eToro earned a net rating of 4.3/5 at the end of our eToro review. We were impressed with many aspects of this brokerage platform, including its low fees, copy trading, and overall seamless user experience.
- Fees (4/5): eToro offers 0% commission for stocks, ETFs, and options and a low 1% fee for cryptocurrency trades. However, it does have withdrawal fees.
- Assets (4/5): eToro offers 6,000+ stocks, 680+ ETFs, and 125+ cryptocurrencies. It lacks forex or bond trading and doesn’t support crypto-crypto trading pairs.
- Analysis Tools (5/5): You get access to ProCharts and analyst price targets for stocks, advanced charts, powered by TradingView, and interactive charting tools, like 50+ drawing tools and 100+ indicators.Additional Features (5/5): eToro’s copy trading and social networking features are highly unique and offer additional ways for users to trade on the platform.
- Support (4/5): eToro offers 24/7 customer support by live chat and email.
- User Experience (4/5): eToro’s sign-up process is fast and easy, and the broker has user-friendly mobile apps for iOS and Android. However, the mobile app can be buggy.
How Does eToro Compare?
It’s worth comparing eToro against several other popular US brokers that offer stock and crypto trading so you can decide if eToro is the best option for you.
| eToro | Robinhood | Webull | |
| Assets | Stocks, ETFs, options, cryptocurrency | Stocks, ETFs, options, cryptocurrency | Stocks, ETFs, options, cryptocurrency, commodities |
| Number of Cryptocurrencies (Non US countries) | 125 | 51 | 8 |
| Minimum Deposit | $50 | $0 | $0 |
| Trading Fees | 0% for stocks and ETFs, 1% for crypto | 0% for stocks, ETFs, and crypto | 0% for stocks, ETFs, and crypto |
| Unique Features | Copy trading | Retirement accounts | Advanced charting |
eToro Review Conclusion: Is It a Good Choice in 2025?
After in-depth analysis and long hours of testing, we came to the conclusion that eToro is an ideal exchange for beginners and social traders. This platform will enable you to trade stocks, EFTs, cryptos, indices, and commodities. At the same time, its social trading tools and features, as well as the eToro Academy, will help you improve your trading strategies.
Its standout features include Smart Portfolios and copy trading services. The former helps you invest in commodities through ready-made diversified portfolios curated by eToro analysts, while the latter allows you to copy up to 100 traders simultaneously.
This platform is available in the US. However, US traders can trade only Bitcoin, Ethereum, and Bitcoin Cash. They also won’t be able to use eToro’s staking service.
Visit eToroDon’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. Take 2 mins to learn more.
Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk.
Our eToro Evaluation Methodology
We tested out eToro by opening a US account with the broker. We evaluated everything from the sign-up and deposit process to how easy it was to trade stocks and crypto to how long it took to make a withdrawal. In addition, we also took a close look at eToro’s social and copy trading tools since these are relatively unique among US brokerage platforms.
We compared eToro’s range of assets and trading fees directly against similar brokerage firms. Our analysis also considered additional tools, like charting and research features, to determine what types of traders and investors would most benefit from using this brokerage.
eToro FAQs
Does eToro charge any additional fees?
What kind of social community does eToro offer?
What are CopyTrader and Popular Investor?
What is eToro Club?
Is eToro trustworthy?
Is eToro really free?
Can you make money with eToro?
Is eToro good for beginners?
What type of broker is eToro?
References
- eToro Expands U.S. Investment Offering to Include U.S. Stocks & ETFs (PR Newswire)
- National Rates and Rate Caps (FDIC)
- eToro Reaches Settlement with SEC and Will Cease Trading Activity in Nearly All Crypto Assets (SEC)
- Is eToro supported in my country? (eToro)
- eToro granted a MiCA permit to offer crypto services across the European Union (eToro)
- SOC 2 Compliance (Imperva)
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Ihssan El Medkouri
SEO Content Editor
Ihssan is a dedicated Content Editor at Cryptonews, where she excels in producing well-researched, insightful content. She has made notable contributions to the cryptocurrency industry, including writing and editing comprehensive cryptocurrency whitepapers, creating engaging token presentations, and playing a key role in the launch of new currencies.
