eToro review 2026

Quick verdict

eToro is a multi-asset platform. That means you can use it for CFDs, and also for real stocks and crypto. This review looks at the CFD side as a broker, and at the facts that matter to a trader who wants to deposit, trade and withdraw.

The short version:

• Regulation: three licences in our record, each held by a different group company. The FCA licence is 583263 (eToro (UK) Ltd). The CySEC licence is 109/10 (eToro (Europe) Ltd). The ASIC licence is AFSL 491139 (eToro AUS Capital Limited).
• First deposit: from $10 to $10,000, depending on region.
• Withdrawals: a $5 fee when you withdraw from a USD account to a bank, and a minimum withdrawal of $30.
• Leverage: 30:1 on major currency pairs for retail clients.
• Payments: credit and debit card, bank transfer, PayPal, Neteller, Skrill, Trustly, iDEAL and Przelewy24.
• Not confirmed: spreads, withdrawal times and the list of trading platforms. eToro does not give them in the facts we checked, so read them on eToro's website.

Our view: eToro is a strong name on the safety side because its licences come from major regulators. The cost is that those regulators set strict limits on leverage, and which entity serves you depends on where you live. If you live in Africa, Asia or Latin America, you must check carefully which eToro company will open your account, and under which rules.

This is a plain-English check of the facts we could confirm. It is not personal advice. CFDs are complex instruments and most retail traders lose money. Only use money you can afford to lose.

Is eToro legit and safe?

Many new traders ask, is eToro a scam? On the facts in our record, eToro is a real company supervised by regulators in three major markets. That is a good start. But legit has two meanings. First, is the company real and supervised? Second, will you get your money out when you ask? A licence helps with the first. For the second, you must test with a small amount.

An important point is that a licence belongs to a company, not to a brand. eToro is the brand. The legal company that signs your contract can be one of three, and each is supervised by a different regulator, in a different country.

• eToro (UK) Ltd, supervised by the FCA, licence 583263.
• eToro (Europe) Ltd, supervised by CySEC, licence 109/10.
• eToro AUS Capital Limited, supervised by ASIC, licence AFSL 491139.

Your protections depend on which company holds your account. We did not confirm which eToro company serves which country, and we will not guess. Before you deposit, read the account terms and write down the exact company name. If it is not one of the three above, ask support in writing which company it is and which regulator supervises it.

A safety checklist for any broker:

• Find the company name in the terms you accept at sign-up.
• Open the regulator's own public register and search for that name.
• Check the licence is active, and that the website address matches.
• Look for warnings from the regulator about the firm.
• Start with a small deposit, and test a withdrawal.

A licence does not remove market risk. You can still lose money on any trade, and leverage makes losses faster.

FCA licence (eToro (UK) Ltd)

The FCA is the Financial Conduct Authority of the United Kingdom. Our record shows licence 583263 for eToro (UK) Ltd. The FCA is one of the best-known financial regulators in the world.

How to check it yourself:

1. Open the FCA register at register.fca.org.uk.
2. Search for eToro (UK) Ltd or the number 583263.
3. Read the status and the activities the firm may carry out.
4. Check for any warnings or restrictions on the page.

Remember that this licence covers the UK company. If your account is opened with another eToro company, a different regulator applies to you.

CySEC licence (eToro (Europe) Ltd)

CySEC is the Cyprus Securities and Exchange Commission. Our record shows licence 109/10 for eToro (Europe) Ltd. Brokers licensed in Cyprus can serve clients across the European Union under European rules.

How to check it yourself:

1. Open the CySEC website and go to its list of Cypriot investment firms.
2. Search for eToro (Europe) Ltd or the number 109/10.
3. Open the firm page and read the licence status and services.
4. Compare the website address with the one you plan to use.

European rules cover things like keeping client money apart from company money and showing clear risk warnings. They do not remove the risk of losing money.

ASIC licence (eToro AUS Capital Limited)

ASIC is the Australian Securities and Investments Commission. Our record shows AFSL 491139 for eToro AUS Capital Limited. AFSL means Australian Financial Services Licence.

How to check it yourself:

1. Open the ASIC Connect online register.
2. Search for eToro AUS Capital Limited or the number 491139.
3. Read the licence status and the financial services the firm may provide.
4. Look for any conditions or notices on the licence.

This licence is for the Australian company. Rules for retail clients in Australia, such as limits on leverage, apply to that company.

eToro fees and spreads explained

Costs are easy to underestimate. They repeat on every trade, so small differences add up.

We could not confirm eToro's spreads or commissions from the facts we checked. We will not state a number. This is what you should look for on the eToro website.

The spread. The spread is the gap between the buy price and the sell price. You pay it when you open a trade. A pip is the standard small price step in a currency pair. Check the typical spread on the pair you trade most, and check it at busy times and at quiet times. Spreads usually widen during news.

Commission. Some brokers add a fee per trade. Others include everything in the spread. Look for a clear statement of which model applies to your instrument.

Overnight fee, also called the swap. If you hold a CFD trade past the daily cut-off, a small fee or credit is applied. For trades held for days or weeks, this can matter more than the spread.

Non-trading fees. This is where we have a confirmed fact. eToro charges a $5 fee when you withdraw from a USD account to a bank. The minimum withdrawal is $30. These are small, but they count for small accounts. If you withdraw a small amount often, the $5 fee takes a bigger share each time. It is smarter to withdraw less often and in larger amounts.

Currency conversion. If your bank account uses another currency, a conversion cost may apply. We did not confirm eToro's conversion cost. Read the fees page before you fund your account.

The best way to compare costs is to open a demo or a small live position and look at the real cost on screen. Then write down the total cost of getting in, holding and getting out. Compare it with another broker on the same market.

Account types at eToro

eToro is built as a platform for several kinds of investing, not only CFDs. Our record describes it as a multi-asset platform that offers CFDs alongside real stocks and crypto.

This difference matters. When you buy a real stock, you own the stock. When you trade a CFD, you do not own the asset. A CFD is a contract that follows the price. You can profit when the price rises or falls, but you can also lose more quickly, because CFDs usually use leverage. The risk and the fees are different for each type. Always check which type you are about to open before you press the button.

We did not confirm a list of named account tiers at eToro, such as standard or professional accounts. We also did not confirm special account types such as Islamic accounts. If you need one of these, ask eToro support before you deposit and keep the answer in writing.

What can we say for sure? The first deposit depends on your region, from $10 to $10,000. That wide range tells you something. The account you can open in one country may be very different from the account in another. Always read the account terms for your own country.

When choosing how to start, ask yourself:

• Do I want to own real assets, or trade price moves with CFDs?
• Do I understand how leverage can multiply my losses?
• Is the platform available for my country, and under which eToro company?
• Can I use a payment method I already have?

If you are new, start with the smallest option and learn. Do not use CFDs until you understand margin, stop-out and overnight fees.

Minimum deposit: how much do you need to start?

The eToro minimum depends on where you live. In our record, the first deposit ranges from $10 to $10,000, depending on region. This is a very wide range. For many countries the figure will be near the low end, and for some it will be much higher. We could not confirm the exact amount for each country.

How to find your own number:

1. Open the eToro help article on the minimum deposit amount. It is one of our sources.
2. Choose your country if you are asked.
3. Read the minimum for your payment method.
4. If it is unclear, ask support in writing and keep the answer.

Think about what a small deposit can do. A small balance limits how large your positions can be. If you try to make up for a small balance with high leverage, a single move against you can end the account. Many beginners lose their first account this way.

A good plan is to start with an amount you can afford to lose entirely. Risk only a small part on each trade. Use a demo account first if one is available in your country. Our record does not confirm it, so check.

Remember the cost of moving money. A bank or card provider may charge a fee. A currency conversion may reduce the amount you receive. And on the way out, eToro charges $5 from a USD account to a bank, and you need at least $30 to withdraw. A deposit that is too small can be hard to take out again.

Deposit and withdrawal methods

eToro lists these deposit methods in our record:

• Credit or debit card
• Bank transfer
• PayPal
• Neteller
• Skrill
• Trustly
• iDEAL
• Przelewy24

Some of these are regional. iDEAL and Przelewy24 are payment systems linked to specific European countries. Trustly is a bank payment service used in some countries. For traders in Africa, Asia and Latin America, the most likely options are cards, bank transfer and e-wallets, but the exact list shown to you depends on your country. We could not confirm which methods are offered where.

On withdrawals, our record gives us two confirmed facts. First, eToro charges a $5 fee when you withdraw from a USD account to a bank. Second, the minimum withdrawal is $30. We did not confirm a list of withdrawal methods beyond this, so check the withdrawal help article on the eToro website.

Practical rules that apply to almost every broker:

• Use a payment method in your own name. Third-party payments are normally refused.
• Expect to withdraw to the source you used to deposit.
• Finish identity checks early. These checks are called KYC, which means know your customer.
• Check fees on every step: the broker, your bank and your wallet.
• Check which currency your account uses, and what happens when your bank uses another.

Always read the payments page for your country before you choose a method. Compare two methods if you can.

How long do eToro withdrawals take?

eToro does not give a withdrawal time in the facts we confirmed. So we cannot say how many hours or days it takes, and we will not repeat numbers from forums. Our own timed withdrawal tests are shown on the withdrawal tests page when we have them.

What we can say are the confirmed costs and limits. A withdrawal from a USD account to a bank costs $5. The minimum withdrawal is $30.

Factors that change withdrawal speed in real life:

• The payment method. E-wallets are often quicker than bank transfers.
• Identity checks. If your documents are not approved, the request waits.
• Processing hours. Requests sent at the weekend or on holidays may wait.
• Where the money is. Open trades lock part of your balance. You can only withdraw free money.
• Your bank. After eToro sends the money, your bank may need more time to show it.

How to test safely:

1. Complete identity verification before you trade seriously.
2. Deposit a small amount.
3. Withdraw a small part, above the minimum of $30.
4. Write down the date of the request and the date the money arrives.
5. Note every fee taken, including the $5.
6. Only then deposit more.

If a withdrawal is delayed without a clear reason, write to support and keep copies. Then use the complaint route of the regulator for your eToro company. This is one more reason to know which company holds your account.

Trading platforms

Our record does not list the trading platforms of eToro, so we cannot name any. We know that it is a multi-asset platform offering CFDs, real stocks and crypto. For details of the website, the mobile app and any other tools, read the platform pages on the eToro website.

Here is what to check before you choose any platform.

• Does it run on your device? Most traders use a phone. Test the app on yours.
• Which instruments are available in your country? Not all markets are open to all clients.
• How easy is it to place a stop loss and a take profit? Learn this on a demo or a tiny trade first.
• How does it behave during news? A platform that freezes at the wrong moment is costly.
• Can you see all costs before you confirm a trade? A clear screen shows the spread, the commission and the overnight fee.
• Are there charting tools you need? Technical traders often want many indicators.

Many forex brokers offer MetaTrader platforms. We did not confirm that eToro does, and we will not say it does. If you need MetaTrader, or a copy of a platform you already use, ask eToro before you deposit.

Also check what happens if the platform is down. Does the broker offer a phone or chat route for closing a trade? Is there a status page? A good broker is open about this.

Take your time with the demo or the first small trades. Learn where each button is. Most beginner losses come from pressing the wrong button, not from bad analysis.

Leverage and risk

Leverage lets you control a larger position with less money. A ratio of 30:1 means $1 of your money can control $30 of the market. Our record shows 30:1 on major currency pairs for retail clients at eToro.

This is the standard cap that regulators in major markets apply to retail forex accounts. It is much lower than the extreme levels some offshore brokers show. That is good news for safety. A lower cap means a smaller chance of losing your account in one move.

Do not think of a lower cap as zero risk. A 30:1 ratio can still produce large losses, especially on a small account or around news. Here is how to keep risk under control.

• Risk only a small share of your balance on a single trade.
• Always set a stop loss before you enter. It is an order that closes the trade at a loss you chose.
• Understand margin. It is the money held while a trade is open. If your balance falls too low, trades can be closed automatically. This is called a stop-out. We did not confirm eToro's stop-out level.
• Beware of slippage. In fast markets, the price you get can be worse than the price you saw.
• Never add money to a losing trade to try to win it back.

We did not confirm eToro's own figure for the percentage of retail clients who lose money. Regulated brokers in Europe, the UK and Australia must publish one. Look for the risk warning on the eToro website for the current number, and read it.

CFDs are complex instruments. Many retail clients lose money. Do not use money you need for rent, food or school fees.

Who is eToro best for?

eToro can suit these traders.

• Traders who want strong regulation. Licences from the FCA, CySEC and ASIC are well respected.
• People who want more than CFDs. eToro offers real stocks and crypto next to CFDs.
• Those who want a clear withdrawal fee. A $5 fee from a USD account to a bank and a $30 minimum are easy to understand.
• Users who like many payment choices. Cards, bank transfer, PayPal, Neteller, Skrill, Trustly, iDEAL and Przelewy24 are all listed.

eToro may not suit these traders.

• Traders who want very high leverage. The 30:1 cap for retail clients on major pairs is low by design.
• Small-balance traders who withdraw often. A $5 fee and a $30 minimum take a larger share of small amounts.
• Traders who need MetaTrader. We could not confirm that eToro offers it.
• Anyone who needs a known withdrawal time or published spreads. These are not in the facts we confirmed.
• Traders in countries where eToro is not available. Which company serves you, and whether it serves you at all, depends on your country.

A fair note: the best broker is the one that is regulated for where you live, takes a payment method you use, and lets you withdraw without trouble. Check your own country on the eToro website, and test with a small amount.

How to open a eToro account

The exact screens can change, so follow what you see on the eToro website. These are the usual steps.

1. Go to the official eToro website at etoro.com. Type the address yourself. Do not follow links from messages or ads.
2. Choose to sign up and select your country of residence. This decides which eToro company serves you.
3. Enter your name, email address and phone number. Use real details that match your ID.
4. Read the terms. Find the legal company name and write it down.
5. Check that company name against the licences in this review.
6. Verify your identity. You will usually upload an ID and a proof of address.
7. Look at the minimum deposit for your region and payment method.
8. Make a small first deposit with a payment method in your own name.
9. Open a very small position with a stop loss.
10. Withdraw a small amount, at least $30, and see how long it takes.

Keep these in mind. Never share your password or codes. Never give anyone remote access to your device. Never pay anyone who promises guaranteed profits. Real brokers do not call you to ask for money. If a stranger on social media offers to trade for you, say no.

Save your agreement and receipts. They help if you ever need to make a complaint.

The fine print

Read these items in the eToro terms before you deposit. Where our record has a fact, we show it. Where it does not, we say so.

• Withdrawal fee. A $5 fee applies when you withdraw from a USD account to a bank. This is confirmed.
• Minimum withdrawal. $30. This is confirmed.
• Inactivity fees. Does eToro charge a fee if you do not log in for a long time? We did not confirm this.
• Currency conversion. What rate and fee apply when your bank uses another currency? We did not confirm this.
• Overnight fees. What does it cost to hold a CFD for days? Check the fees page.
• Stop-out level. At what margin level are your trades closed automatically?
• Negative balance protection. If a fast market makes you lose more than your balance, who pays the gap? This is common for retail clients in Europe, the UK and Australia, but you should confirm it for your own entity.
• Which company holds your account. It sets your leverage, your protections and your complaint route.
• Promotions. Deposit bonuses are banned for retail clients in the EU, the UK and Australia. Be careful with any offer that looks like one.

Also read the risk warning page. A broker must tell you plainly that you can lose money.

The Forex Bridge may earn a commission if you open an account through a link on this site. This does not change our scores or our words. We show the same facts and the same warnings whether a broker pays us or not.

Our final verdict

eToro is a regulated, multi-asset platform with licences in our record from the FCA (583263), CySEC (109/10) and ASIC (AFSL 491139). It offers CFDs next to real stocks and crypto, a wide list of deposit methods, and a clear withdrawal rule: a $5 fee from a USD account to a bank, with a $30 minimum withdrawal. The first deposit runs from $10 to $10,000 depending on region, and retail leverage on major pairs is 30:1.

What we like: strong regulators, clear withdrawal costs, and a mix of products.

What to watch: spreads, withdrawal times and the platform list are not in the facts we confirmed. Which eToro company serves you depends on your country. The small withdrawal fee and the $30 minimum hurt small accounts.

Our advice is practical. Find out which eToro company will hold your account. Check its licence on the right regulator's register. Start with a small deposit, open a small trade with a stop loss, and make a small withdrawal to learn the timing and the fees. Only then add more money.

CFDs carry a high risk of losing money quickly. Never trade with money you cannot afford to lose, and never believe a promise of guaranteed profit. We update this review when the facts change.