Broker review

eToro review 2026: fees, platforms and regulation

eToro was founded in 2007 and is listed on Nasdaq. It is best known for social and copy trading on its own web platform and app, where you can automatically copy other traders' positions.

Figures last verified 3 Nov 2026 Checked against eToro's own website and legal documents

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Key facts

Item

eToro

Founded

2007

Listing

Nasdaq (ticker ETOR)

Minimum first deposit

Between $10 and $10,000 depending on region

Forex pricing

Spread-only, no commission on currencies

Platforms

eToro web platform and mobile app (no MT4, MT5 or TradingView trading)

Copy trading

CopyTrader: minimum $200 per copied trader, up to 100 traders, no extra charge for copying

Max retail leverage

30:1 on major currency pairs, 20:1 on non-majors

Swap-free account

Available; fees apply after a seven-day grace period

Users

eToro states over 40 million users

Fees and spreads

eToro publishes forex spreads as a percentage of the trade and as a best case, not as an average. Withdrawals from a USD account cost $5 (minimum $30); there is no fee from local-currency accounts, and no inactivity fee. Currency conversion fees vary by location, payment method and Club level.

Account

EUR/USD spread

Commission

eToro account

0.005% per trade (eToro's lowest possible scenario; variable)

None

Platforms

eToro uses its own web platform and mobile app. It does not offer MetaTrader or TradingView trading. Copy trading is built in: when a copied trader opens or closes a position, a proportional position is opened or closed in your account. See how copy trading works.

Regulation and legal entities

UK clients are served by eToro (UK) Ltd. In the US, eToro's pages list stocks, ETFs, crypto and options; we could not confirm that forex or CFDs are offered to US clients.

Company

Regulator

Licence

eToro (UK) Ltd

FCA (UK)

FRN 583263

eToro (Europe) Ltd

CySEC (Cyprus)

109/10

eToro AUS Capital Ltd

ASIC (Australia)

AFSL 491139

eToro (Seychelles) Ltd

FSA (Seychelles)

SD076

eToro (ME) Ltd

FSRA (Abu Dhabi Global Market)

220073

eToro USA Securities

SEC / FINRA

CRD 298361

Strengths

✓Built-in copy trading with no extra charge for copying.

✓Nasdaq-listed parent and licences from the FCA, CySEC and ASIC.

✓No inactivity fee and no withdrawal fee from local-currency accounts.

Things to check

✕Spread format. EUR/USD is published as a percentage and as a best case, not an average.

✕No MetaTrader or TradingView. Only eToro's own platform.

✕Conversion fees. Not published as a single rate; this matters if you fund in GBP or EUR.

Who it may suit

Newer traders who want to copy other traders on a simple platform, provided they check the copied trader's risk and drawdown first.

Read how we score brokers, check the legal entity you would join, and compare terms side by side on our compare page.

Sources

Compare eToro head to head:IG vs eToro. New to copying other traders? Read how forex copy trading works.

Researched by the Forex Awards research desk

Terms change often and can differ by country. Always confirm the figures for your entity on the broker's site before opening an account. Spotted something out of date? Tell us.

eToro review 2026: fees, platforms and regulation

Key facts

Fees and spreads

Platforms

Regulation and legal entities

Things to check

Who it may suit

Sources

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