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.
The basics
eToro was founded in 2007 and is headquartered in Tel Aviv, Israel. It is publicly listed under the ticker NASDAQ:ETOR. The broker offers CFDs on 3,000 instruments across forex, indices, commodities, and crypto. Real stock ownership is available in addition to CFDs.
There is no MetaTrader. The broker operates a proprietary platform only. Copy trading lets you replicate the positions of other traders automatically.
| Founded | 2007 |
| Headquarters | Tel Aviv, Israel |
| Instruments | 3,000+ |
| Platforms | eToro Platform, iOS, Android |
| MetaTrader | No |
| Copy trading | Yes |
| Real stocks | Yes |
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 | N/A ✓ | eToro USA LLC |
| FSAS | SD076 ✓ | eToro (Seychelles) Ltd |
You can verify the FCA licence at register.fca.org.uk. The registration shows the entity name, authorisation status, and full permissions list. It takes under a minute.
eToro spreads
These are the typical spreads on eToro's standard account. Spreads vary by market conditions and account type. ECN or raw-spread accounts offer lower spreads in exchange for a per-trade commission.
| 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 |
eToro's EUR/USD spread of 1.0 pips is competitive for a retail broker without a per-trade commission.
eToro withdrawal fee and processing time
Fee: $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.
Processing time: 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.
Withdrawal requests must pass identity verification before processing. If your account is not yet fully verified (proof of identity and address submitted), expect additional delays. Verified accounts follow the standard processing times above.
eToro minimum deposit by entity
The minimum deposit depends on which eToro entity serves your country. Offshore entities often allow lower minimums but with less 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 N/A | $50 | 1:1 |
| eToro (Seychelles) Ltd | FSAS 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 brokers are regulated and legitimate. eToro suits traders who value copy trading and social features. Plus500 is better for traders who prioritise tighter spreads.
Regulation — the numbers that matter
| FCA | 583263 — eToro (UK) Ltd |
| CySEC | 109/10 — eToro (Europe) Ltd |
| ASIC | 491139 — eToro AUS Capital Ltd |
| FinCEN | N/A — eToro USA LLC |
| FSAS | SD076 — eToro (Seychelles) Ltd |
Leverage for retail clients in the EU and UK is capped at 1:30 on major forex pairs under ESMA rules. The offshore entity offers up to 1:400, but with lighter regulatory protection.
Pros and Cons
What works
- FCA and CySEC regulated
- NASDAQ listed (ETOR)
- Copy trading — follow top traders
- Real stocks and crypto ownership
- $50 minimum deposit
- Commission-free stock trading
What does not work
- 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
The verdict
eToro is a legitimate, regulated broker. The FCA licence number 583263 is verifiable on the public register. It is best suited for social and copy traders. Rating: 4.3 out of 5.
Alternatives to eToro
If eToro does not fit your needs, these regulated alternatives 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. eToro holds FCA licence 583263, which is publicly verifiable on the official register.
What is the eToro minimum deposit?
The minimum deposit is $50. This applies to the main regulated entity. Some offshore entities may differ. See the entity table above for full breakdown.
What is the eToro EUR/USD spread?
The EUR/USD spread on eToro standard accounts is typically 1.0 pips. Spreads vary with market conditions. ECN or raw accounts offer lower spreads with a per-trade commission instead.
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. eToro does not offer MetaTrader. It operates a proprietary platform only. Traders who require MT4 or MT5 for automated strategies should consider an alternative.