eToro Review 2026
Full eToro review for United States traders — regulation, spreads, fees and our honest verdict.
Regulation in United States
| Regulator | FinCEN — FinCEN |
| Licence Number | N/A |
| Regulated Entity | eToro USA LLC |
| Max Leverage (Forex) | 1:1 |
| Max Leverage (Crypto) | 1:1 |
| Minimum Deposit | $50 |
| EUR/USD Spread | From 1 pips |
| Instruments | 3,000+ |
| Platforms | eToro Platform, iOS, Android |
| Copy Trading | ✓ |
| Real Stocks | ✓ |
| Inactivity fee | Inactivity fee: USD10/month after 12 months |
Verdict
Regulated by FinCEN (licence N/A). Minimum deposit $50. In United States: maximum forex leverage 1:1.
About eToro
eToro was founded in 2007 and is headquartered in Tel Aviv, Israel. The broker offers 3,000 tradeable instruments including forex pairs, CFDs on stocks, indices and commodities. eToro is publicly listed on the NASDAQ:ETOR. It is regulated across multiple jurisdictions with a primary licence held by eToro USA LLC under FinCEN.
In United States, eToro operates as eToro USA LLC, authorised by FinCEN under licence number N/A. United States traders are subject to a maximum leverage of 1:1 on forex pairs under FinCEN rules.
Trading Platforms
Pros
- FinCEN regulated — licence N/A
- 3,000+ instruments to trade
- Negative balance protection in United States
- Platforms: eToro Platform, iOS, Android
- Copy trading available
- Real stock ownership (not CFD)
Cons
- Inactivity fee: USD10/month after 12 months
- 77% of retail clients lose money
- CFD trading — you do not own the underlying asset
Key Facts About eToro
- Founded 2007, publicly listed on NASDAQ (ticker: ETOR) since 2024
- CopyTrader allows copying exact positions of other traders in real-time
- Offers fractional real stock and crypto ownership alongside CFDs
Known Limitations
- Withdrawal fee of $5 per withdrawal
- USD-denominated accounts create conversion costs for non-USD deposits
- Platform can feel slow on complex portfolios with many positions
Frequently Asked Questions
Is eToro regulated?
eToro holds FinCEN licence N/A, issued to the regulated entity {entity}. This is a real, verifiable licence recorded in the official FinCEN public register.
What is the minimum deposit for eToro in United States?
The minimum deposit is $50. This is the amount required to open a live trading account for traders in United States under FinCEN regulation.
What leverage does eToro offer in United States?
In United States, eToro offers maximum forex leverage of 1:1 under FinCEN rules. Higher leverage may be available through offshore-regulated entities.
Is eToro safe to trade with?
eToro is regulated by FinCEN, which requires segregated client funds, negative balance protection and independent audits. Regulation does not eliminate trading risk, but it provides meaningful investor protection.
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