Score
eToro
https://www.etoro.com/
Website
Rating Index
Influence
Influence
AAA
Influence index NO.1
Contact
Single Core
1G
40G
1M*ADSL
- WikiFX has received a total of 47 user complaints against this broker, please be aware of the risks and do not be scammed!
eToro United Kingdom Verified: No Physical Presence Found
The on-site inspection team visited the UK as planned to conduct a field visit to the forex broker eToro. At the publicly displayed business address, no information such as the company name of the broker was found, indicating that the broker's actual business premises are questionable. Investors are advised to make their choices after comprehensive consideration.
eToro Cyprus Verified: No Physical Presence Found
The on-site investigator visited the forex broker eToro in Cyprus as planned. At the publicly displayed business address, no information such as the company name of the broker was found, indicating that the broker does not have a genuine business premises. Investors are advised to make their choices after comprehensive consideration.
An On-Site Visit to eToro in Australia
After the on-site survey, the survey confirmed that the actual address of the Australian broker eToro is consistent with the regulatory address. It holds a MM forex license issued by ASIC (reference number: 491139), a MM forex license issued by CySEC (reference number: 109/10), a retail forex license issued by FCA (reference number 583263) and a retail forex license issued by IFSC. These licenses
A Site Visit to eToro in Cyprus -- Regulatory Address Confirmed True
The company eToro did exist according to the investigation staff’s on-the-site visit. According to the investigation staff, the company was well located with enjoying environment but a relatively small scale.
eToro United Kingdom Verified: No Physical Presence Found
The on-site inspection team visited the UK as planned to conduct a field visit to the forex broker eToro. At the publicly displayed business address, no information such as the company name of the broker was found, indicating that the broker's actual business premises are questionable. Investors are advised to make their choices after comprehensive consideration.
eToro Cyprus Verified: No Physical Presence Found
The on-site investigator visited the forex broker eToro in Cyprus as planned. At the publicly displayed business address, no information such as the company name of the broker was found, indicating that the broker does not have a genuine business premises. Investors are advised to make their choices after comprehensive consideration.
An On-Site Visit to eToro in Australia
After the on-site survey, the survey confirmed that the actual address of the Australian broker eToro is consistent with the regulatory address. It holds a MM forex license issued by ASIC (reference number: 491139), a MM forex license issued by CySEC (reference number: 109/10), a retail forex license issued by FCA (reference number 583263) and a retail forex license issued by IFSC. These licenses
A Site Visit to eToro in Cyprus -- Regulatory Address Confirmed True
The company eToro did exist according to the investigation staff’s on-the-site visit. According to the investigation staff, the company was well located with enjoying environment but a relatively small scale.
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Company Summary
| Quick eToro Review Summary | |
| Founded in | 2007 |
| Headquarters | United Kingdom |
| Regulations | ASIC, CySEC, FCA |
| Tradable Assets | 7,000+, 6,202 stocks, 703 ETFs, 42 commodities, 55 currences, 18 indices, 106 cryptocurrencies |
| Demo Account | ✅ ($100,000 in virtual funds) |
| Min Deposit | $10 |
| Trading Fees | From 1 pip (EUR/USD) & commission-free (forex) |
| Non-Trading Fees | Withdrawal fee: Free (GBP and EUR accounts) or $5 (USD investment account) |
| Inactivity fee: $10/month applies to accounts with no logins in the previous 12 months | |
| Leverage | Up to 1:30 (retail)/1:400 (professional) |
| Trading Platforms | eToro proprietary platform, MetaTrader 4 |
| Copy/Social Trading | ✅ |
| Payment Methods | Credit/debit cards, bank transfers, PayPal, Neteller, Skrill |
| Customer Support | / |
Overview of eToro
eToro is a multi-asset social trading platform that has gained widespread popularity among investors, traders, and social media enthusiasts since its inception in 2007. It offers users access to a wide range of financial instruments, including stocks, cryptocurrencies, forex, indices, and commodities, among others. The platform provides a user-friendly interface that caters to both novice and experienced traders alike, making it one of the most popular trading platforms on the market.
One of eToro's standout features is its social trading capabilities, which allow users to copy the trades of successful traders and build their investment portfolios. The platform has a large community of traders who share insights, strategies, and knowledge, making it an excellent learning resource for traders looking to improve their skills.

Pros & Cons
eToro's user-friendly interface, range of trading assets, and social trading features have made it popular among both beginner and experienced traders.
However, as with any trading platform, eToro has its pros and cons, which potential users should consider before signing up.
In this section, we will discuss the advantages and disadvantages of using eToro as a trading platform.
| Pros | Cons |
| User-friendly and easy-to-use platform | Inactivity fee charged after 12 months of inactivity |
| Regulated by reputable financial authorities | $5 withdrawal fee for the USD investment account |
| Copy trading and social trading features | Limited contact options |
| Demo accounts available for practice |
Is eToro Legit?
eToro is a legitimate and regulated online brokerage firm that has been operating since 2007.
It is licensed and regulated by several reputable financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC).
| Regulated Country | Regulated by | Regulated Entity | License Type | License Number |
![]() | ASIC | ETORO AUS CAPITAL LIMITED | Market Making (MM) | 000491139 |
![]() | CySEC | Etoro (Europe) Limited | Market Making (MM) | 109/10 |
![]() | FCA | eToro (UK) Ltd | Straight Through Processing (STP) | 583263 |



The company is also a member of the Investor Compensation Fund, which provides additional protection for traders' funds.
However, as with any investment platform, there are risks involved in trading, and traders should always be aware of the potential risks and take steps to protect their investments.
Market Instruments
eToro offers a wide range of financial instruments for traders to choose from, covering various markets globally.
Traders can access more than 7,000 assets, including 6,202 stocks, 703 ETFs, 42 commodities, 55 currences, 18 indices, and 106 cryptocurrencies.
With this wide range of instruments available, traders can diversify their portfolios and explore various markets to find the best investment opportunities.
| Asset Class | Supported |
| Stocks | ✔ |
| ETFs | ✔ |
| Commodities | ✔ |
| Currencies | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |

Leverage
eToro offers leverage for trading various financial instruments. The maximum leverage provided by eToro varies depending on the instrument and the jurisdiction of the client.
| Asset Class | Max Leverage (Reatil) | Max Leverage (Professional) |
| Major forex pairs | 1:30 | 1:400 |
| Commodities | 1:20 | 1:100 |
| Stocks | 1:5 | |
It is noted that high leverage can amplify your potential returns, but more importantly, it can increase your risks.
Spreads and Commissions
The spread for EUR/USD pair is from 1 pip, which is more competitive than most other brokers. If you are interested in spreads on other trading instruments, you can directly visit https://www.etoro.com/trading/fees/cfd-spreads/

As for commissions, if you trade on ETFs or CFDs, there is no commission. However, there is a commssion of $1 or $2 for stock trading and 1% commission for crypto trading.
| Asset Class | Commission |
| Stock | $1/2 |
| ETFs | ❌ |
| Crypto | 1% |
| CFDs | ❌ |
Fees
On eToro, account opening and management are both free of charge. However, withdrawal fee, inactivity fee, and conversion fee are charged, and you can find detailed info in the table below:
| Account Opening Fee | ❌ |
| Management Fee | ❌ |
| Withdrawal Fee | Free (GBP and EUR accounts) or $5 (USD investment account) |
| Inactivity Fee | $10/month applies to accounts with no logins in the previous 12 months |
| Conversion Fee | 0.75% |
Trading Platform
eToro offers its proprietary trading platform, which is designed to be user-friendly and intuitive, particularly for novice traders. The platform provides a variety of tools and features, including real-time market data, advanced charting tools, and an easy-to-use order entry system.
One of the most notable features of the eToro platform is its social trading functionality, which allows users to follow and copy the trades of successful traders. This feature is particularly appealing to new traders who may lack the knowledge or experience to make their own trades.

In addition to its proprietary platform, eToro also supports the popular MetaTrader 4 (MT4) platform, which is widely used by traders around the world. MT4 is known for its advanced charting capabilities, extensive library of technical indicators, and the ability to automate trading strategies through the use of Expert Advisors (EAs).
Deposits & Withdrawals
Deposit
eToro accepts multiple payment methods, including credit/debit cards, bank transfers, and e-wallets such as PayPal, Neteller, and Skrill.
The minimum deposit amount is $10, which is relatively low compared to other brokers in the industry.
Deposits are usually processed instantly or within one business day, depending on the payment method.
eToro does not charge any deposit fees, but some payment providers may have their own fees.
eToro allows you to withdraw funds using the same payment methods as deposits.
Withdrawal
The minimum withdrawal amount is $30, and there is a withdrawal fee of $5 for USD investment account, while free for GBP and EUR accounts.
Withdrawals are usually processed within one business day, but it may take longer for bank transfers.
Before making a withdrawal, you need to verify your identity and complete the necessary KYC (Know Your Customer) procedures.
eToro also has a policy of returning funds to the original payment method used for deposits, whenever possible.




When it comes to educational resources, Toro offers a variety of educational content to help traders improve their skills and knowledge of the financial markets.
These resources include but are not limited to:
- eToro Academy: This is an online education portal that provides traders with a wide range of educational materials, including articles, videos, webinars, and courses on various topics such as trading strategies, market analysis, risk management, and more.

- Trading Guides: eToro also offers a series of trading guides that provide in-depth information on various trading topics, including stocks, commodities, currencies, and indices.
- Market News and Analysis: eToro provides traders with up-to-date news and analysis on the financial markets. This includes daily market updates, weekly market analysis, and other educational content.
More other educational resources can be found on its official website.
Conclusion
Overall, eToro is a reputable and user-friendly online trading platform that offers a wide range of financial instruments and trading options to its clients. Its innovative social trading features, intuitive platform, and excellent customer service make it an attractive choice for both beginner and experienced traders. However, it does have some drawbacks, such as withdrawal and inactivity fees charged, as well as limited direct contact channels.
FAQs
Is eToro a regulated broker?
Yes, eToro is a regulated broker. It is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) in Europe, the Financial Conduct Authority (FCA) in the UK, and the Australian Securities and Investments Commission (ASIC) in Australia.
What trading instruments are available on eToro?
eToro offers 7,000+ trading instruments, including 6,202 stocks, 703 ETFs, 42 commodities, 55 currences, 18 indices, and 106 cryptocurrencies.
Does eToro offer a demo account?
Yes, eToro offers a demo account that allows you to practice trading with up to $100,000 virtual funds. The demo account is free and can be used for an unlimited period of time.
Keywords
- 15-20 years
- Regulated in Australia
- Regulated in Cyprus
- Regulated in United Kingdom
- Regulated in United Arab Emirates
- Regulated in Singapore
- Regulated in Seychelles
- Market Maker (MM)
- Straight Through Processing (STP)
- Retail Forex License
- Self-developed
- Global Business
- Belize Common Financial Service License Revoked
- Suspicious Overrun
- High potential risk
- Offshore Regulated
Disclosure
Warnings (unauthorized companies and other entities)..
Country/Region
ES CNMV
Disclosure time
2025-10-06
Disclose broker
FCA Warning List of unauthorised firms AI -Arbitrage (Clone of FCA authorised firm)
Country/Region
UK FCA
Disclosure time
2025-08-08
Disclose broker
SEC ADVISORY AGAINST ETORO
Country/Region
PH SEC
Disclosure time
2024-03-14
Disclose broker
ASIC sues eToro in its first design and distribution action to protect consumers from high-risk CFD products
Country/Region
AU ASIC
Disclosure time
2023-08-03
Disclose broker
ASIC sues eToro in its first design and distribution action to protect consumers from high-risk CFD products
Country/Region
AU ASIC
Disclosure time
2023-08-03
Disclose broker
News

News eToro Deputy CEO Hedva Ber Files to Sell $4 Million in Company Shares
FNG has learned through recent U.S. regulatory filings that Hedva Ber, Global COO and Deputy CEO of the multi-asset brokerage eToro, has filed to sell roughly $4 million worth of company shares.

News eToro Cash ISA Launch Shakes UK Savings Market
eToro introduces a Cash ISA with Moneyfarm, offering 4.67% AER. UK brokers debate impact on equities as IG pushes “Save Our Stock Market.”

News eToro CopyTrader Expands to U.S. Investors
eToro launches CopyTrader for U.S. stocks, ETFs, and crypto, pairing social trading with APIs and an app ecosystem under tighter oversight

Exposure eToro Under Review: How Safe is This Popular Broker?!
Despite its strong global regulation and solid WikiScore of 7.77, eToro faces mounting trader complaints and uneven investor protections that raise important questions about how safe this popular broker truly is.

Exposure eToro Review 2025: Top Trading Opportunities or Hidden Risks?
Is eToro a trustworthy broker or a scam in 2025? Explore its regulations, user reviews, and reputation to decide if it’s safe for trading forex, stocks, and crypto. Read now!

Exposure ASIC sues eToro!
ASIC has taken legal action against eToro Aus Capital Limited (eToro), an online investment platform, in the Federal Court.
Wiki Q&A
What trading platform does eToro offer?
eToro is a versatile trading platform that not only supports the proprietary eToro platform but is also compatible with the widely used MetaTrader 4.
What is the minimum deposit on eToro?
The minimum deposit at eToro is $10, which is a relatively low amount compared to other brokers in the industry.
What are the pros and cons of eToro?
eToro was founded in the UK in 2007 and is a regulated broker. It offers over 7000 trading instruments, including currencies, cryptocurrencies, and more.
Is eToro legit?
Yes, ASIC, CYSEC, and FCA regulate eToro, which is secure and legal. The license numbers are 000491139, 109/1,0 and 583263.
User Reviews 73
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Augustinee
France
Hey everybody! I recently opened an account with EToro, bought some BTC and wanted to transfer it to my EToro Wallet, however I can’t seem to find the option for doing so, is it because I must withdraw a minimum of 0.007 BTC or is this option not available in my jurisdiction? I’m in France btw
Exposure
البلوشي الهاشمي
United Kingdom
Etoro not letting me withdraw AUD: "Withdraw Failed", with no clear reason Today when I attempted to withdraw some AUD, it gave me the following error message: Withdrawal Failed.
Exposure
يوسف الزهراني
France
Trying to withdraw usdt to Coinbase as my country is no longer supported. By I can't! it. I have 58.76 usdt but when I click max in the withdrawal page it fills amount to only 33.76 and says can not be less than 40. And if I manually enter 58.76 it says max I have is 33.76 which is incorrect. please help
Exposure
Amorim
Germany
Very good and supportive app ☺️ of course it is among the best 💯
Positive
طارق الأنصاري
Germany
Having good service is one of a positive move for brokers and of course Etoro has mmve a very good customer service 😊
Positive
أمير البلوشي
United Kingdom
very good broker 😇 I love when ever I trade with it
Positive
رشيد السبيعي
France
Nice user interface, fast payouts...
Positive
حمزة الدوسري
Germany
Nice move on this small account and good valuation on this broker also just sweet and amazing
Positive
فارس القحطاني
France
it is very nice how I can find almost everything I need in the app of course it is one of the best
Positive
خالد العتيبي
United Kingdom
one of the best broker am using 😇
Positive
FX3267720191
Morocco
I lost 170,000 dollars on eToro due to unfair slippage, platform failures, and forced closures. As a beginner, I had no real understanding of CFDs, leverage, or the extreme risks involved. Instead of protecting me, eToro moved my account from Australia’s AFCA regulation to Seychelles, stripping away my legal protections without warning and then took advantage of my ignorance. The way my account was closed was disrespectful, as if they were doing me a favor Now I’m buried under $200,000 in debt, my family is suffering, and my health has collapsed. eToro’s system is not built to protect traders, it profits from their mistakes. I have full evidence of every trade showing the technical issues. Please read this before trusting eToro, once you lose, you lose everything
Exposure
FX2417072952
Thailand
Deceiving users by closing their accounts without notifying them. The reason given was just for security? When the price went up, I couldn't buy. Another issue is withdrawing money—sometimes it takes too long, sometimes it's impossible. Problems keep happening. Support is useless, as if they know nothing about trading.
Exposure
แอดแอ่ดแอ้ด
Thailand
I used etoro for a while, tried to withdraw money but it didn't come through. Contacted support and they just gave vague answers, then later went completely silent. It's clearly a scam. The platform is also laggy. Did some more research and found out it's not approved by the SEC. I don't recommend it, I'll pass.
Exposure
Beam9340
Thailand
Different karma, different circumstances. I didn't invite anyone to play, and I'm still wondering if it's safe. I've been playing Etoro for four and a half years, depositing via credit card and PayPal. I've withdrawn about three times to see if I can withdraw. In short, I haven't had any problems with withdrawals. The withdrawals are as follows: 1) $4,000. I just started playing. I withdrew because it wasn't my style. I was going to quit (because I lost money). 2) $2,600. I wanted it back, but I lost again. 3) $1,000. I tested the system in March 2021. I'd like to see the Etoro deposit history in PayPal, but the system won't let me screenshot it. Currently, I focus on stocks, a long-term investment. I have a small amount of money to start with using cryptocurrencies. I don't trade exchange rates at all. I don't use leverage. I emphasize withdrawals through the system. If you deposit with a credit card within six months, the money will be returned to the card used for the deposit. If you use PayPal, the money will be returned to your PayPal account within six months.After six months, you can choose how you want to deposit. I also don't know if it's safe or not. I've been trying to find information, but some say it's safe, while others say it's not.
Neutral
肯尼
Taiwan
On Friday (2025.07.25), testing started around 10:30 PM Taiwan time and lasted for about an hour. Updates with inquiry messages were sent approximately every 5-10 minutes during the test. The company initially displayed the message 'eToro Assistant has entered the chat,' followed by a prompt to fill out a service ticket (https://etoro.tw/3muOsFR). After clicking the link, a webpage titled 'Customer Service Center' opened, which displayed the online customer service option I initially selected and 'Get useful solutions.' Since the online customer service was unresponsive, I chose 'Get useful solutions,' scrolled down, and selected 'Open a Ticket,' only to be redirected back to the 'Customer Service Center' webpage, creating a loop.
Neutral
Nicolas Navarro
Argentina
eToro stands out for its intuitive interface, wide variety of assets, and accessibility even for beginners. And as an added bonus, its COPYTRADER tool receives praise as it allows users to follow experienced investors.
Positive
AlfredoRomero
Argentina
Excellent Broker Etoro, super easy interface to operate and a lot of currencies to trade. Truly an excellent platform. Happy to trade on etoro
Positive
Enzo Corte
Argentina
It's good, the platform is very user-friendly and nice.
Positive
Starye
United States
eToro's leverage is super flexible, fitting all my needs! And the demo account for practice trading? I'm loving it!
Positive
prastawa
Indonesia
Please return my money
Exposure
Marshall111
New Zealand
Gaberia answered all my questions patiently and professionally. I am glad he is my account manager. Besides, I followed the real expert in trading.
Positive
FX8021856382
Taiwan
etoro requires the regulation of other regions before allowing you to trade, but this regulatory guarantee is not as good as the original one!
Exposure
虚构b
Hong Kong
Scammers, they ask for tax payment before allowing withdrawals, otherwise no withdrawals are permitted. Not even a single cent is given out, and they even threaten to freeze the account if you submit any more requests.
Exposure