Best known for social/copy trading. No MT4/MT5 -- everything happens on eToro's own platform.
| Regulated entity | eToro (Europe) Ltd |
|---|---|
| Regulation | CySEC No. 109/10 + FCA No. 583263 + FSA Seychelles No. SD076 |
| Other Tier-1 regulators | ASIC, FSAS |
| Founded | 2007 |
| Headquarters | Tel Aviv / Limassol |
| Minimum deposit | $50 |
| Avg. spread (EUR/USD) | 1 pips |
| Platforms | Proprietary (CopyTrader) |
| Instruments | 5,000+ across forex, stocks, ETFs, commodities, indices, 100+ crypto |
See eToro's full regulation dossier → · How to check whether a forex broker is regulated
Derived from the same confirmed data behind this broker's score (regulation, cost, platforms, deposit minimum) -- not a separate editorial judgment.
Via its FCA-regulated UK entity, eligible clients are covered by the UK's Financial Services Compensation Scheme (FSCS) up to £85,000 per person if the firm fails. Via its CySEC-regulated Cyprus entity, eligible clients are covered by Cyprus's Investor Compensation Fund (ICF) up to €20,000 per person if the firm fails. Via its Seychelles FSA-licensed entity, there is no statutory investor compensation scheme -- if that entity fails, there is no guaranteed fund to recover client money from.
Beyond the headline spread and minimum deposit above. Where our research hasn't independently confirmed a specific detail, we say so rather than guess -- verify directly with the broker before relying on it.
| Account types | Retail, Professional (EEA clients can opt up post-ESMA for higher leverage), Corporate, and an Islamic/swap-free account restricted to residents of several Middle Eastern and North African countries, reportedly requiring a $1,000 minimum deposit. |
|---|---|
| Execution model | Uses spread-based pricing with no flat commission on most CFDs; the underlying execution classification (market maker vs. STP) wasn't explicitly disclosed in sources found. |
| Withdrawals & deposits | A flat $5 withdrawal fee applies on USD accounts (not reported for GBP/EUR external accounts); minimum withdrawal $30 on a USD account. Deposit methods include bank transfer, debit/credit card, PayPal, Skrill and Neteller. Deposits typically process instantly to within 3 days (wire 2-3 days); withdrawals vary by method, up to 5 business days for cards/bank transfer and about 2 days for e-wallets. |
| Overnight financing (swap) | Standard accounts are charged per-instrument overnight fees (exact methodology wasn't fully detailed in sources found beyond "daily, based on instrument"). The Islamic/swap-free account has a 7-day grace period with zero interest, after which a daily administrative fee (which eToro states is not interest, for Sharia compliance) applies per instrument to positions held past 22:00 GMT. |
| Currency conversion cost | On GBP/EUR accounts, a deposit conversion cost of roughly 150 pips is cited, alongside a conversion fee of about 0.75% on trades/transfers from GBP/EUR to USD; withdrawal/deposit conversion fees of 1.5-3.0% are also cited depending on currency and payment method -- sources broadly agree on the general range but the exact figure depends on the specific currency pair and method. |
| Inactivity fee | $10/month charged if there's no login for 12 months. |
| Customer service | Independent ratings are mixed -- G2 rates it 3.6/5 (26 reviews) and Capterra 4.3/5 (20 reviews), with recurring complaints about difficulty reaching support, slow or unresolved issues, and long withdrawal timeframes. |
| Mobile experience | iOS App Store rating around 4.4/5 from about 9,300 reviews; an Android rating wasn't found. Independent reviewers cite the CopyTrader social feed and beginner-friendly interface as strengths, alongside some reports of technical glitches and slow loading. |
| Educational offering | eToro Academy provides articles, videos, investment courses, podcasts and webinars, alongside a $100,000 virtual-fund demo account usable with CopyTrader to test strategies risk-free. One independent review site calls it "Highly Trusted" and notes it's strong for beginner education. |
See how eToro's spread cost compares across every researched broker → · Forex broker fees explained
Is eToro regulated?
Yes -- CySEC No. 109/10 + FCA No. 583263 + FSA Seychelles No. SD076. See the regulation dossier on this page for the underlying licence numbers.
Is my money protected if eToro fails?
Via its FCA-regulated UK entity, eligible clients are covered by the UK's Financial Services Compensation Scheme (FSCS) up to £85,000 per person if the firm fails. Via its CySEC-regulated Cyprus entity, eligible clients are covered by Cyprus's Investor Compensation Fund (ICF) up to €20,000 per person if the firm fails. Via its Seychelles FSA-licensed entity, there is no statutory investor compensation scheme -- if that entity fails, there is no guaranteed fund to recover client money from.
What is the minimum deposit at eToro?
Our research confirms a minimum deposit of $50.
What trading platforms does eToro offer?
eToro offers Proprietary (CopyTrader).
What is eToro's average spread on EUR/USD?
Our research confirms an average EUR/USD spread of 1 pips. See our cost calculator to compare this across every broker we've reviewed.
When was eToro founded?
eToro was founded in 2007.
How is eToro's overall score calculated?
eToro currently scores 3.4/5 overall under our disclosed nine-category methodology -- regulation & client protection 30%, trading costs 20%, non-trading fees 10%, platforms & tools 10%, execution/trading conditions 10%, product range 5%, deposits/withdrawals 5%, transparency 5%, track record 5%. It is not a comparison to other brokers and not based on hands-on testing.
Ratings as found via each site's published/indexed content, not our own testing and not independently re-verified against the live page -- treat as a snapshot and check the source before relying on it. Each card links to where we found it.
A dated log of when our own published data about this broker actually changed -- not a reconstructed history of what the broker itself did. See the full change log tool for every broker.
EU clients typically served under Central Bank of Ireland / MiFID passporting rather than a direct CySEC CIF licence -- worth confirming which entity applies to you.
Publicly listed on Nasdaq (IBKR) and an S&P 500 constituent, Interactive Brokers is one of the largest electronic brokers globally by client equity, with access to 150+ markets worldwide. Founder Thomas Peterffy remains Chairman. Widely regarded as a low-controversy, Category-A-regulator-only broker relative to CFD-focused peers.
ThinkMarkets is a dual-headquartered (Melbourne/London) group founded in 2010 by brothers Nauman and Faizan Anees, in which each of its major-jurisdiction licences (FCA, ASIC, FSCA, DFSA, FMA) sits in a different legal entity from its CySEC-licensed European arm.