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eToro

eToro (founded 2007, Tel Aviv, by Yoni Assia, Ronen Assia and David Ring; pioneered CopyTrader-style social trading in 2010; completed a Nasdaq IPO on 14 May 2025 under ticker ETOR) runs the most extensive, best-documented multi-entity regulatory structure of any provider on this site: eToro (UK) Ltd under the FCA (583263), eToro (Europe) Ltd under CySEC (109/10), eToro AUS Capital Ltd under ASIC (491139), plus registered entities in the UAE (ADGM FSRA), Singapore (MAS), the US (FinCEN, NYDFS, and SEC broker-dealer registration for eToro USA Securities), Gibraltar (crypto arm eToroX), and an offshore Seychelles FSA catch-all entity. Being a public company brings real, verifiable financial disclosure that no other provider here currently has — but it also comes with a genuine, confirmed SEC enforcement action: eToro USA LLC paid a $1.5 million penalty in 2024 for operating as an unregistered broker and clearing agency over certain crypto-asset trading, and had to restrict US crypto trading to Bitcoin, Bitcoin Cash and Ethereum. Trading runs exclusively on eToro's own proprietary web/mobile platform (CopyTrader, Smart Portfolios, ProCharts, an AI assistant) — it does not offer MT4, MT5, or TradingView, a real limitation for algorithmic/EA traders compared to every other broker on this site. Fees are relatively transparent (0% ETF commission, $1-2/trade on stocks, tiered 0.85-1% crypto commission, $5 flat USD withdrawal fee, no inactivity fee), and a live "Welcome Bonus" promotion (stock-based, not cash, started Jan 2026, no promo code needed via a qualifying partner link) runs alongside a no-cost equity-tiered "eToro Club" loyalty ladder. Review reputation is genuinely split rather than uniformly good or bad: the flagship Trustpilot profile for www.etoro.com sits at a strong ~4.1-4.2/5 from 30,000+ reviews, but two other eToro-linked Trustpilot profiles (go.etoro.com, etoro.net) score as low as 1.9-2.3/5, and Forex Peace Army sits around 2/5 — recurring complaints across both center on withdrawal delays/fees and being forced onto a different payment method than the one used to deposit.

Recently checkedAffiliate partner (labelled)eToro Platform
Open account
Provider score
69
weighted mean of the dimensions below
Data confidence
Medium
how complete & sourced the fields are
Last fully verified
Sep 12, 2026
last checked Sep 12, 2026
Commercial relationship
Affiliate
never affects the score
Legal entities

Regulation is per entity, not per brand

Which entity you are onboarded to decides your regulator, protections and available leverage.

eToro (Seychelles) Ltd
RegulatorFSA Seychelles (offshore)
Licence numberSD076
Licence statusClaimed, not checked
JurisdictionSeychelles
Investor protectionnone
AcceptsNot on file
RestrictedNone recorded
eToro AUS Capital Limited
RegulatorASIC (tier1)
Licence numberAFSL 491139
Licence statusClaimed, not checked
JurisdictionAustralia
Investor protectionnone (no ASIC compensation scheme for CFD/FX)
AcceptsNot on file
RestrictedNone recorded
eToro (Europe) Ltd
RegulatorCySEC (tier1)
Licence number109/10
Licence statusClaimed, not checked
JurisdictionCyprus
Investor protection€20k ICF
AcceptsNot on file
RestrictedUnited States
eToro (UK) Ltd
RegulatorFCA (tier1)
Licence number583263
Licence statusClaimed, not checked
JurisdictionUnited Kingdom
Investor protection£85k FSCS
AcceptsNot on file
RestrictedUnited States
Conditions

Trading conditions

Spreads are only comparable when sampled on the same day at the same account tier.

Account tier shownRetail (CFD + real stocks/crypto)

Source: eToro — official regulation & licence page · last checked Sep 12, 2026 · confidence Medium

Typical EUR/USD spreadNot disclosed

no sample date on file

Commission$0 disclosed

Source: eToro — official regulation & licence page · last checked Sep 12, 2026 · confidence Medium

Minimum depositNot disclosed

Source: eToro — official regulation & licence page · last checked Sep 12, 2026 · confidence Medium

Swap-free availableNot on file

Source: eToro — official regulation & licence page · last checked Sep 12, 2026 · confidence Medium

Max leverageUp to 1:30 major FX for UK/EU/AU retail clients (ESMA/FCA/ASIC caps) — lower on indices/stocks/crypto per standard retail-CFD tiering

Varies by entity and client jurisdiction.

Source: eToro — official regulation & licence page · last checked Sep 12, 2026 · confidence Medium

Conditions

Markets & access

PlatformseToro Platform

Source: eToro — official regulation & licence page · last checked Sep 12, 2026 · confidence Medium

Instrumentsforex, indices, commodities, metals, crypto, stocks, etfs

Source: eToro — official regulation & licence page · last checked Sep 12, 2026 · confidence Medium

Payment methodscard, bank wire, crypto, skrill, neteller

Source: eToro — official regulation & licence page · last checked Sep 12, 2026 · confidence Medium

Trading restrictionsNo MT4/MT5/TradingView or third-party EA support — eToro's proprietary platform only, so algorithmic/EA strategies common on other brokers reviewed here are not portable to eToro. Swap-free/Islamic account availability was not confirmed in the pages reviewed. Standard retail-CFD leverage caps apply for FCA/CySEC/ASIC clients; the offshore Seychelles entity is understood to offer higher leverage but exact figures were not found in this pass.

Source: eToro — official regulation & licence page · last checked Sep 12, 2026 · confidence Medium

Offers

Current & past offers

Expired offers stay listed so the history is not quietly rewritten — their codes are disabled.

LIVE
No-cost equity-tiered loyalty ladder — fee discounts up to a dedicated account manager
Auto-applied
No expiry on file
LIVE
Up to $500 in free stocks on your first deposit
Auto-applied
No expiry on file
Score breakdown

How this score was built

Each dimension is scored 0–100 with a written rationale and its own weight. No single unexplained star.

Commercial deals excluded
20%Regulatory & entity clarity78

By far the most extensive, best self-documented multi-entity regulatory structure of any provider on this site (FCA, CySEC, ASIC, MAS, ADGM, FinCEN, SEC broker-dealer registration, NYDFS, Gibraltar FSC) — and being Nasdaq-listed since May 2025 adds real audited-disclosure accountability no other provider here has. Held below the top of the range by a real, SEC.gov-confirmed $1.5M enforcement action (2024) against eToro USA LLC for operating as an unregistered broker/clearing agency in crypto.

15%Cost transparency75

Official fee page is genuinely detailed and clear: 0% ETF commission, $1-2/trade stocks, tiered crypto commission, flat $5 USD withdrawal fee, no inactivity fee. The forex-specific spread table was referred to a separate page not fetched in this pass, the one gap found.

15%Funding & withdrawal clarity50

Despite the strong flagship Trustpilot score, the recurring complaint theme across Forex Peace Army and eToro's own other Trustpilot profiles (go.etoro.com, etoro.net) is specifically withdrawals — delays, fees, and being forced to add a different payment method than the one deposited with. This is a genuine, cross-source pattern, not an isolated anecdote.

12%Platform / execution disclosure62

Modern, well-built proprietary platform (CopyTrader, Smart Portfolios, ProCharts, AI assistant) is a real strength for social/beginner trading, but the total absence of MT4/MT5/TradingView support is a genuine limitation for anyone wanting algorithmic or EA-based strategies. Some anecdotal FPA complaints about spread discrepancies and position closures, unverified.

12%Country eligibility accuracy72

One of the broadest legitimate global footprints reviewed — dedicated regulated entities for the UK, EU, Australia, US (via SEC/FinCEN/NYDFS registration), Singapore and the UAE, rather than routing everyone through one offshore shell.

12%Terms / promotion fairness68

The live Welcome Bonus is stock-based (not cash) with a straightforward 90-day value-lock rather than InstaForex-style lot-wagering traps — genuinely fairer mechanics. Marked down because the exact tier amounts conflict between the two secondary sources found, and the official PDF terms could not be parsed as text in this pass to resolve which is correct.

8%Operational history85

A 19-year operating history (2007–2026), a genuine pioneer of social/copy trading since 2010, and a completed Nasdaq IPO (May 2025, ticker ETOR) — the strongest, most independently verifiable operational-history signal of any provider on this site so far.

6%User-feedback quality58

Reputation is genuinely fragmented rather than simply good or bad: a strong ~4.1-4.2/5 on the flagship Trustpilot profile sits alongside two other eToro-linked Trustpilot profiles at 1.9-2.3/5 and a Forex Peace Army score around 2/5 — reported as the split picture it is rather than leading with only the flattering number.

Reviews

What readers report

Member reviews are kept separate from our editorial assessment and from the provider score — they are moderated, not curated for tone.

No approved member reviews yet. An empty review list is not a negative signal — it means nobody has published one here.

Write a review

Sourcing

Where this data came from

If a field is missing here, treat it as unverified rather than as a negative.

Verification statusRecently checked
Data confidenceMedium
Last checkedSep 12, 2026
Last fully verifiedSep 12, 2026
Reviewed byNot recorded
Attached sources

Editor note: Regulatory entity list and the SEC settlement are both directly primary-sourced (etoro.com itself, and sec.gov) — unusually strong for this site. The Welcome Bonus tier amounts conflict between the two secondary aggregators found, and the official PDF T&Cs could not be parsed as text in this pass (compressed/encoded PDF) — re-check the exact tier table directly before quoting specific dollar figures to a user. The fragmented Trustpilot-profile pattern (go.etoro.com / etoro.net scoring far below www.etoro.com) is flagged, not resolved — worth understanding why before treating either figure as "the" eToro Trustpilot score.