eToro
Good for first-time EU/CIS investors who want zero-commission ETFs plus copy trading and Smart Portfolios. Skip if you trade actively in non-USD currencies — the 0.75% FX markup makes XTB or IBKR cheaper.
Excellent · above median (83)
Affiliate link · doesn't change your terms
eToro is best for first-time EU and CIS investors who want zero-commission ETFs with social investing features. Copy trading and Smart Portfolios lower the entry barrier. The 0.75% FX markup (EU accounts) makes it more expensive for active non-USD traders compared to XTB or IB.
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Take the 2-min quiz →About eToro
eToro is a multi-asset platform founded in 2007, regulated by the FCA (UK), CySEC (Cyprus) and ASIC (Australia). It pioneered social investing — CopyTrader lets you follow other traders and automatically mirror their portfolios, while Smart Portfolios are eToro-curated thematic baskets. The FCA entity is covered by FSCS up to £85,000.
The core offering is ETF investing with zero commission and fractional shares from $10. Real stock trades cost $1 per open + $1 per close. The platform is mobile-first and designed for first-time investors. For leveraged trading, CFDs on FX, indices and commodities are available. Minimum deposit is $50.
The primary cost: eToro charges 0.75% on currency conversions for EU local-currency accounts. Each withdrawal from a USD account costs $5. EUR- or GBP-based investors who trade frequently will find the FX markup adds up despite zero ETF commissions.
FOUNDED
2007
19 years operating
HEADQUARTERS
London, UK
EU jurisdiction
MIN. DEPOSIT
$50
Below industry median
COMPENSATION
FSCS (£85,000)
ICF / investor protection
What you'll actually pay
Estimated all-in annual cost on a $10,000 portfolio with 24 stock trades and one $10k FX conversion. Inactivity and custody not included unless you trigger them.
- Stock commissions
- Free
- FX markup
- $7.50
- Custody
- Free
- Stock commissions
- Free
- FX markup
- $75.00
- Custody
- Free
- Stock commissions
- Free
- FX markup
- $750.00
- Custody
- Free
Interest on uninvested cash
What the broker pays on money sitting in your account between trades. Rates are variable and verified against the broker's own page.
Balance $1–$50,000
EU/UK & similar residents; total balance $1–50k
From $50,000
EU/UK residents $50k+; Germany-registered accounts get 3.55% at all balances
USD cash only; the rate is set by total realised equity but paid on available USD cash, and must be activated in the Club dashboard. Other regions get a tiered 0.5–3.55% from $10k. Headline "up to 3.55%".
Verified 2026-07-01 · broker source →
Why this broker scores 100/100
Full methodology →How safe is your money
Segregated client accounts
Client funds held separately from operating capital. Required by regulator.
Investor compensation: FSCS (£85,000)
If broker becomes insolvent, your covered assets are reimbursed up to the scheme's limit.
Publicly traded company
Listed on a regulated exchange — financials are public.
19 years of operations
Founded 2007. No major regulatory actions on record.
Negative balance protection
You cannot lose more than your account balance.
CFD/crypto exposure
Offers high-leverage products. 74–89% of retail CFD accounts lose money in the long run.
What you can trade
Real assets you own
Stocks
NYSE · NASDAQ · LSE · XETRA
ETFs
0% commission on most US/EU listed ETFs
Crypto
BTC · ETH · 30+ pairs
Forex
50+ currency pairs · raw spreads
CFDs & leveraged products
CFDs
74-89% of retail CFD accounts lose money
Where you trade
eToro Platform
eToro Mobile
How to open + where you can
ACCOUNT TYPES
Individual
BASE CURRENCIES
USD · GBP · EUR
DEMO ACCOUNT
Unlimited · $100k virtual
KYC VERIFICATION
1-3 days typical
WITHDRAWAL SPEED
Wire 3-8 days · Card 1-3 days
CUSTOMER SUPPORT
Business hours · EN · RU · DE · FR · ES · IT
Open fast
EASY · 9Open slower
1Restricted / blocked
READ FIRST · 111 jurisdictions · grouped by friction
0% commission on ETFs — no threshold, no monthly cap
ETF trades are genuinely commission-free. Real stock trades cost $1 per open + $1 per close. Revenue comes from FX conversion and other fees, not ETF commissions.
Copy trading and Smart Portfolios — one-click diversified exposure
CopyTrader lets you replicate a live trader's portfolio in real time from $200. Smart Portfolios are eToro-curated thematic baskets (Tech Giants, Crypto, etc.) with automatic rebalancing.
Fractional shares from $10 — access any stock regardless of price
Buy $10 of NVDA, AAPL or BRK.B without needing the full share price. Fractional ownership means real dividends, not synthetic exposure.
Available in Kazakhstan, Ukraine, Georgia, Turkey and Uzbekistan
eToro accepts clients from KZ, UA, GE, TR and UZ under standard KYC via its CySEC-licensed entity. Belarus has restricted access. Most EU-regulated brokers restrict CIS onboarding. Accepted countries are a commercial policy that can change — verify current eligibility on eToro before relying on it.
Strong Trustpilot rating (4.1★)
Above the 4★ threshold with a healthy review base
0.75% FX conversion markup on every trade for non-USD investors
EUR/GBP local-currency account holders pay 0.75% on each FX conversion. For a EUR-based investor making 10 × $2,000 ETF trades, that's $150 in FX fees despite zero commission. IB charges 0.2% FX; XTB charges nothing on stock trades in account currency.
$5 withdrawal fee (USD accounts) + real stocks cost $1/open + $1/close
Each withdrawal from a USD account costs $5. Real stock trades (not ETFs) cost $1 per open + $1 per close — the zero-commission headline applies to ETFs only.
Social feed can obscure fundamental analysis
The platform surfaces trader performance stats and social commentary more prominently than balance sheets. Investors who want to evaluate stocks on their own terms have to work around the social layer.
Slow wire withdrawals (3-8 days)
For $10k+ cash-outs, wire is the only realistic path
- ✓First-time investor in the EU or CIS wanting zero-commission ETFs
- ✓Passive investor attracted to copy-trading and curated Smart Portfolios
- ✓Small portfolio ($50-$5k) wanting fractional shares with minimal setup
- ×Active traders with high FX conversion needs (0.75%+ markup stacks up)
- ×Stock-focused traders (stocks cost $1/open + $1/close, not free)
- ×Investors wanting advanced order types, screeners or fundamental data
How to open a eToro account
- 1
Visit eToro
Click the button below to open eToro's registration page. The link is affiliate — no extra cost to you.
- 2
Provide personal info
Enter your legal name (as in passport), residential address, date of birth, and tax residency country. Use the exact spelling from your ID — mismatches delay verification.
- 3
Submit verification documents
Upload passport or national ID + proof of address (utility bill or bank statement, dated within the last 3 months). eToro typically completes KYC verification in 1-3 days.
- 4
Fund the account
Make your first deposit. eToro's minimum is $50. Wire transfers usually clear in 3-8 days; card deposits are instant where supported.
- 5
Start trading
Log into the platform — eToro Platform, eToro Mobile — and place your first order. Start small to confirm execution and fees match expectations before scaling up.
Frequently asked questions
Is eToro safe and regulated?
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Does eToro support W-8BEN forms for US stock trading?
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What is eToro's Trustpilot rating?
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How we verified this review
Every fact below is verified against primary sources. We refresh on a schedule and on reader feedback.