eToro Review 2022

Why Trade with eToro?

eToro offers a unique social trading experience via a secured platform that has access to over 3000 markets!


* 68% of retail CFD accounts lose money

Find Out Why eToro Is Better Than Ever With This Updated Review

**Does not apply to US users

Is eToro a legit and reliable broker? This detailed, updated and unbiased eToro review will answer this frequently asked question so keep reading to find out the results of our tests.

Look: With trading, you can speculate on the rising or falling prices of instruments. It allows you to find opportunities not only on rising prices but also on assets that have falling prices as well.

If you are curious and would like to explore trading online, then you would be familiar with eToro or you would have seen one of its many promotional contents.

eToro logo
eToro logo

Table of Contents

  1. What is eToro?
    How does it work? (22sec)
  2. Summary
    What is the overview of this eToro review? (44sec)
  3. Registration
    How to sign-up? (11sec)
    1. 3.1 Countries Supported
      Can I open an account in my country? (46sec)
    2. 3.2 Types of Accounts
      What accounts are available? (55sec)
    3. 3.3 Demo Account
      Is there a practice mode? (1min 23sec)
    4. 3.4 How to Sign-up?
      Step-by-step guide (59sec)
    5. 3.5 Minimum Deposit
      What is the lowest starting capital? (27sec)
  4. Trading Platforms
    Is eToro a good platform? (52sec)
    1. 4.1 User-Friendliness
      Is it easy to use? (42sec)
    2. 4.2 Logging In
      How can I login to my account? (18sec)
    3. 4.3 Searching for Instruments
      How can I look for the tradable assets? (40sec)
    4. 4.4 Favorites
      Can I save my preferred assets? (48sec)
    5. 4.5 Order Types
      What orders can I place on eToro's platform? (32sec)
    6. 4.6 Notifications
      What kind of notifications can I get? (1min 22sec)
    7. 4.7 Quotes Accuracy
      Are the price quotes in real time? (35sec)
    8. 4.8 Fee Details
      Will I be able to see the fees clearly? (13sec)
  5. Tradable Assets
    What assets can I invest on? (38sec)
    1. 5.1 Indices
      Are the most popular equity indices included? (9sec)
    2. 5.2 Forex
      Which FX currencies are on eToro? (12sec)
    3. 5.3 Commodities
      What commodities can I trade? (9sec)
    4. 5.4 Cryptocurrencies
      Is eToro good for cryptocurrency? (16sec)
    5. 5.5 Stocks
      Can I buy shares? (18sec)
    6. 5.6 ETFs
      What exchange-traded funds are available? (3sec)
  1. Deposits and Withdrawals
    What payment gateways are supported? (12sec)
    1. 6.1 Supported Currencies
      What currencies are accepted? (20sec)
    2. 6.2 Deposits
      What payment methods can I use? (30sec)
    3. 6.3 Withdrawals
      How to withdraw funds? (28sec)
    4. 6.4 Withdrawal Processing Time
      How long will my withdrawal take? (28sec)
  2. Fees and Charges
    How are these calculated? (12sec)
    1. 7.1 Spreads
      What spreads does eToro offer? (37sec)
    2. 7.2 Overnight Funding
      Does eToro charge overnight funding? (21sec)
    3. 7.3 Inactivity Fee
      What happens if my account doesn't show any activity? (19sec)
  3. Trading Tools
    What tools can be used for technical analysis? (18sec)
    1. 8.1 News Feed
      How to make discussions with users and markets? (21sec)
    2. 8.2 Charts and Indicators
      How to use Charts and ProCharts? (26sec)
  4. Education
    Does eToro have training? (51sec)
  5. Customer Support
    How do I contact eToro? (1min 34sec)
  6. Reputation
    Can eToro be trusted? (8sec)
    1. 11.1 Is eToro Safe?
      Is it a trustworthy broker? (29sec)
    2. 11.2 Regulation
      What regulates eToro? (33sec)
    3. 11.3 Background
      What's the history of eToro? (55sec)
  7. Conclusion
    Is it worth trading on eToro? (49sec)

Interested to test out eToro?

Curious enough to already test out this broker? You can quickly sign-up for an account by clicking the button below. The entire registration process takes only a few minutes so you can have an account in no time.


68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

What is eToro?

eToro is an international trading platform that enables you to invest on various types of instruments such as currencies, stocks, commodities, indices, cryptocurrencies and ETFs.

This brokerage firm is regulated and approved by different financial organizations such as the Cyprus Securities and Exchange Commission (CySEC), Financial Conduct Authority (FCA) and Australian Securities and Investments Commission (ASIC) and these current licenses that they have from these regulators allow them to offer certain financial products.

So, are you curious to learn more regarding eToro? Let's study it in detail to find out!


It's very easy to be an eToro member from the process of registration and even until the withdrawal stage. Its platform is very user-friendly and unique in terms of design and it has integrated risk management tools for trading.

It has over 3000 options with very modest spreads regarding the available assets or instruments. In addition, eToro's fees are transparent and it doesn't have hidden trading charges.

Reputation-wise, it has managed to maintain its popularity and credibility in the industry and its operating companies are all in accordance with different regulators.

The downside?

There's only a few to mention such as the lack of a MetaTrader platform and that it doesn't offer any spread betting service rather the standard stock, crypto and CFD trading.


Category Rating
🖥️ Platform 4.8
🛠️ Trading Tools 4.7
🛍️ Instruments 4.5
💱 Fees and Spreads 4.7
👨‍🏫 Research 4.9
🎓 Education 4.8
💁 Customer Support 4.7
⭐ Overall Rating 4.7
eToro Review Rating

Majority of the screenshots that you will see in this review are from their web-based platform.


The registration process is just a matter of a few minutes and won't require you to spend a long time to accomplish it.


  • Quick registration process
  • Can use Facebook, Google account or Apple ID


  • You need to eventually complete your profile in detail

Countries Supported

Anyone from the globe can register with eToro with just a few exceptions. Below is the list of countries which they don't support:

North America

  • Canada
  • US Minor Islands


  • Albania
  • Belarus
  • Belgium
  • Bosnia and Herzegovina
  • Macedonia
  • Montenegro
  • Serbia

Asia Pacific

  • American Samoa
  • Brunei
  • Cambodia
  • Fiji
  • Guam
  • Hong Kong
  • Japan
  • Laos
  • Maldives
  • Mauritius
  • Mongolia
  • Myanmar
  • North Korea
  • Northern Marianas
  • Pakistan
  • Palau
  • Samoa
  • Singapore
  • Sri Lanka
  • Vanuatu

Latin America

  • Bahamas
  • Barbados
  • Cuba
  • Guyana
  • Jamaica
  • Nicaragua
  • Puerto Rico
  • Trinidad and Tobago
  • Venezuela


  • Algeria
  • Botswana
  • Burundi
  • Chad
  • Congo Republic
  • Ethiopia
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Libya
  • Mali
  • Namibia
  • Somalia
  • Sudan
  • Tunisia
  • Uganda
  • Zimbabwe

Middle East

  • Afghanistan
  • Egypt
  • Iran
  • Iraq
  • Lebanon
  • Syria
  • Turkey
  • Yemen

Here's the thing…
You don't need to find out if your country is supported by eToro or not, as it will notice your location by itself and will alert you. For example, if you're in Canada then you'll see a message that your country is not supported when you access their website.

Notice from eToro if your country is not supported
Notice from eToro if your country is not supported

Keep in mind that this will only work if you're using your real internet connection. You should not be using any VPN service while opening the eToro website.

Types of Accounts

Rather than account types, they have the eToro Club which comes with a selection of benefits, services and tools that you will have exclusive access to according on your membership tier:


Tier Equity
Silver $5,000
Gold $10,000
Platinum $25,000
Platinum+ $50,000
Diamond $250,000
eToro Club minimum equity requirements

Membership is of this club will be determined not the amount you deposited on your account but rather by the size of your equity, which is the sum of your available balance (funds available to open new trades), the total allocated funds (those that were currently invested) and your profit.

Like to open an account?

If you're curious and ready to open one right now, you can click this button and this will take you to their sign-up page. As mentioned earlier, the process of opening an online trading account will only take a few minutes.


68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Does eToro offer bonuses?
eToro no longer offers sign-up bonuses. This is because of their agreement with regulators not to provide any kind of gratuities, offers, bonus, incentives or trader points to their customers for their protection.

Demo Account

If you sign-up with eToro, then you'll be eligible to utilize their unlimited demo account or what they lableled as "virtual portfolio". This practice account is very useful to explore the platform's features especially if you're a newbie and you are using it for the first time, or if you simply like to do a test without risking your real funds.

It already contains $100,000 virtual funds that can be used whenever you want to since there's no expiry. And in case you've used up them all up, you can simply request additional virtual funds by contacting the customer support team.

eToro demo account virtual funds
eToro demo account virtual funds

Take note that the demo account can only be accessed just after you sign-up with eToro. You just need to choose the "Virtual Portfolio" on the left sidebar of the main platform screen.

In comparison:
Some other services also facilitate users with a demo account but they simulate the market situations and won't let the user know about the real situation.

Professional traders can make use of this demo account to make their strategies. The coolest thing regarding eToro's demo account is that it displays real-time market conditions and gives you the opportunity to be more familiarized with the interface without worrying about your funds or if there's a time limit.

And in addition...
It enables you to build confidence and strategy prior to engaging in real live trading.

Ready to test out eToro's demo account?

You can easily do so just by clicking on the button below. Keep in mind that opening an account won't require you to make a deposit if you just want to utilize the virtual portfolio. You have the choice of funding your account later should you decide to pursue live trading with this broker.


68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

How to Sign-up?

eToro's registration process is quite easy and won't take much of your time. This can be done via the following:

Simple, right?

eToro registration page
eToro registration page

After finishing the registration, you'll see the main trading platform screen.

Now, you will able to use the "Real Portfolio" option through the free demo account. However, to start live trading, it is required for you to complete your profile and verify your account by accomplishing a series of forms.

The following documents are required to be uploaded in order to verify your identity:

  1. A POI (proof of identity) document such as a passport, driving license or any other government-issued ID. If it has important details on the back, be sure to send this as well.
  2. A POA (proof of address) document which can be any of the following:
    1. Credit card statement
    2. Bank statement
    3. Phone bill
    4. Internet bill
    5. Electricity, water or gas bill
    6. Council tax bill
    7. Tax letter or bill
    8. Letter from your employer
    9. Letter from your local municipality
    10. House rental official agreement that's issued by a rental agent

After uploading these documents, eToro will verify them and will allow you to access the deposit menu for adding funds to your account.

Minimum Deposit

If you are a UK resident, then you can initially fund your account with as low as $10. This amount is now much lower as compared to its previous first minimum deposit requirement of $50.

The amount is perfect and a lot lower as compared to other brokerages. Also, if you are a novice in this field, it is actually the ideal amount. On the contrary, if you plan to use bank transfers to fund the eToro account, you need to deposit $500.

The $50 minimum deposit applies to clients who are residents of Australia, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Guernsey, Hungary, Indonesia, Ireland, Italy, Latvia, Liechtenstein, Luxembourg, Malaysia, Malta, Monaco, Netherlands, Norway, Philippines, Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, Taiwan, Thailand, United Arab Emirates, Vatican City and Vietnam.

However, this really doesn't matter if you are a long-term trader because you will make ensuing deposits with the passage of time.

The lowest amount that you can re-deposit to your eToro account is $50 when you're doing it via credit cards or debit cards.

Trading Platforms

The trading platform of eToro has a very simple structure, loads quickly, and is extremely slick. This allows you to get familiar with the interface without investing a lot of time.


  • User-friendly
  • Loads quickly
  • Colors won't strain your eyes


  • Doesn't support MetaTrader platforms

eToro's combination of proprietary platforms are developed by themselves and are not provided by any other party.

Here's a fact:
It is not common in this industry for a brokerage to have their own software or platforms. With eToro having the capability to enhance their platforms, they can add more features and functionality in line with the needs of their clients.

And one more thing: The platform of eToro consumes fewer system resources, irrespective of its use from the mobile application or browser. It's safe to say that eToro is very easy to use, loads quickly, and lag-free.


System/Device Platform
Web eToro
Desktop None
Mobile iOS App, Android App
Other N/A
eToro's trading platforms

You'll be able to access the platform and use any of the following languages. However, the default will be based on the language that supports your country of jurisdiction during the time that you registered.

  • English
  • Spanish
  • Italian
  • German
  • Russian
  • French
  • Arabic
  • Chinese
  • Polish
  • Dutch
  • Norwegian
  • Portuguese
  • Swedish
  • Czech
  • Danish
  • Romanian
  • Vietnamese
  • Thai
  • Finnish



It seems that eToro has worked very hard on making its design to be simple and fitted for all types of traders especially if you're a novice so that you can understand everything and won't feel lost in the process of familiarizing yourself with their platform.

It actually won't take long for traders who are using it for the first time. This is very important as no one desires to have a difficult trading experience.

What's interesting is that...
There is no considerable difference in the eToro's web-based platform and its mobile apps for iOS and Android. If you have used it on one of the above-mentioned devices, you can simply use it on other devices as well and you'll be able to access your account without any fuss.

This has been made possible due to the specific optimization for different operating systems.

Have a look at the two images below. The first image shows the web-based platform through a mobile browser whereas the second image is of eToro app for Android. You'll notice that the user interface of these 2 are very identical so whatever platform you choose, you'll basically have the same kind of experience.

eToro trading platform
eToro trading platform
eToro mobile app for Android
eToro mobile app for Android

Logging In

Whenever you sign-in to eToro, it will provide you these choices for logging into your account:

  • Via your Facebook account
  • Via your Google account
  • Via your Apple ID
  • Via your email address and password

There's really not that much of a difference among these login methods. Whatever you choose, it will only require just a few seconds of your time in order to sign in and access your account.

Take note:

Logging-in through social media accounts is available only if you have used them in the registration process. If you haven't linked any account then you won't be able to use this option.

eToro login page
eToro login page

Searching for Instruments

There are two ways to look for a specific asset. The first allows you to look through the list of markets on the right and wider section of the main screen.

eToro instrument search page
eToro instrument search page

You just need to click on the class of asset to identify in the list.

The second way for searching the instrument is through the search bar. This feature is very cool if you know the keyword of the asset to get the best results or you may just enter the ticker symbol manually (e.g. "AAPL" for Apple or "AMZN" for Amazon).

Here's an example:

If you're interested in trading the US dollar, you may search for "USD" or "dollar", and the search results will show all the assets that are related to this currency. This may also include other categories (if they exist), such as cryptocurrencies, indices, and others.


If you usually do trading on a particular instrument then it is best to add it to the list of your favorites or what they call as "Watchlist".

How can you actually use this?
The Watchlist can save a lot of your time as you don't need to search a particular asset at the time of placing a Buy or Sell order. This is very useful if you're in a hurry and you don't want to miss the action.

Here's how to do it:
You can add a particular instrument to favorites by searching it and then clicking on the plus5 (+) symbol. This way it will be added to the "My Watchlist" or a new list with a specific name that you can edit.

eToro enables you to add unlimited assets to your watchlists. However, it's recommended to add only the most important ones. Otherwise, this list will get crowded and would defeat its purpose.

This list can be easily accessed via the "Watchlist" category. You can see it in the left section of the main page.

eToro Watchlist
eToro Watchlist

Order Types

eToro allows you to place various type of orders on their online trading platform. These are stated below:

  1. Market order: It is the default order type and is placed when you desire to execute the order quickly.
  2. Take profit: In this type of order, you can reset a particular value to sell or purchase a specific asset.
  3. Stop loss: This automatically prevents the order from selling or purchasing if the particular asset meets the pre-set value for reducing the potential loss.
    eToro order
    eToro order

With eToro, you can set a particular rate to close at a particular price level by itself in order to reduce the loss and increase the profit.


eToro's notifications is very beneficial if you like to track the latest updates regarding your trading. You'll get all the updates as soon as possible through this feature.

eToro notification settings
eToro notification settings

eToro permits you to change the settings on your account according to your wish to get the latest updates about the following:

Email notifications

  • Updates, promotions and tips
  • Social activity – if someone started following you, commented on your post, wrote on your wall, started copying you, one of your Facebook friends joined eToro or someone commented on a post that you participated in.


You can completely opt out from eToro's marketing communication or even a particular newsfeed activity.

However, you won't be able to turn off the notifications on important matters such as the status of your deposits, withdrawals, requests to receive documents and technical notifications.

Push Notifications

  • Night Mode – you may opt not to receive notifications at night and turn off the sound
  • Types – you can toggle the switch according to type and this includes the following:
    • Trading
    • Account
    • Social
    • Volatility Alerts
    • eToro Updates and Promotions
    eToro web push notification settings
    eToro web push notification settings

You can set the types of notifications that you wish to receive. Do take note that you may still receive a minimal set of mandatory notifications due to regulation requirements.


Web Push Notifications – similar to Push notifications, you can receive alerts according to type:

  • Trading
  • Account
  • Social
  • Volatility Alerts
  • eToro Updates and Promotions

Take note:

If you have enabled this notification but noticed that it's not working, you might need to approve eToro first in your browser settings.

You'll get the notifications or latest updates through push notifications on the platform application on your phone through the email that you provided during the registration process.

And one more thing: There's no fee for these notifications! Isn't that cool?

Quotes Accuracy

The prices of assets on the broker platform is the key to your success in trading. Therefore, it is of great importance for you.

How do you do it?
You just need to make a comparison of the actual market prices with quotes and if there is a huge difference between the actual market prices and quotes, then you might want to reconsider trading with this broker.

We did a simultaneous test of Apple's stock price at the same time with 3 reliable quote providers: Nasdaq, Yahoo Finance, and Google Finance. At the same time, we also did a test of the underlying asset's price in eToro. The actual test was done while the stock market as open and the screenshots below were taken exactly at 12:00:00 pm.

Here's the actual price of Apple in Nasdaq's website. The price was $172.17.

Apple stock quote in Nasdaq
Apple stock quote in Nasdaq

Next, here's a screenshot of Apple's price in Yahoo Finance taken at the same time. The price was $172.16.

Apple stock quote in Yahoo Finance
Apple stock quote in Yahoo Finance

And lastly, here's the value of Apple via Google Finance. The price was also $172.16.

Apple stock quote in Google Finance
Apple stock quote in Google Finance

Now let's compare Apple's stock price via eToro during the same time. As you can see from the image below, AAPL's value was $172.17.

Apple stock quote in eToro's platform
Apple stock quote in eToro's platform

So how did it turn out?
Based on the comparison that we did, the quotes displayed on eToro's platform are in sync with other quote providers. There were noticeable delays and price changes are very quick, usually happening several times even within just a second. This is a solid indication that the platform is capable of providing real-time market prices.

In addition, it is not prone to slippages. Instead, it provides the precise rates before and after the deal. So, based on the above review, eToro has managed to get an exceptional rating in this important category because due to the accuracy of prices in their platform.

Fee Details

eToro's platform openly discloses the fees that you have to pay at the time of trading. Whenever you're going to execute a Buy or Sell order on the platform, you'll be able to see the applicable fees that may apply for that particular trade.

Look at this image for example. Here, you'll see that the overnight fees for buying Gold CFDs are already indicated in the trading screen.

Fees displayed on eToro's trading platform
Fees displayed on eToro's trading platform

In fact, there is an option for you to check the full details of the fee to avoid any unexpected surprise when you execute a Buy or Sell order.

Tradable Assets

With eToro's 3000+ tradable instruments, you'll be able to diversify your portfolio.


  • More than 3000 instruments
  • Thematic investing via CopyPortfolios
  • Different financial assets across several categories


  • None

What's great about eToro is that it allows you to access a wide range of markets and won't just limit you to a specific group or category.

eToro tradable assets
eToro tradable assets

Via the platform, you'll be able to invest on forex, stocks, indices, commodities, crypto and ETFs. That's almost any instrument type that we can think of.

In comparison to other well-known brokerages, there is a huge difference as eToro offers more than 3000 instruments whereas its competitors like XM and AvaTrade only offer around 1000.

Coming to the point:

With a wide range of choices, you have the liberty to choose the asset in which you are most comfortable to invest on. This is the reason why eToro was able to secure a position with an exemplary score in this category.


For this specific asset class, you can find the most common country indices counting the Netherlands 25, Germany 30, USA 500, US-TECH 100 and Japan 225 amongst many others.

eToro indices
eToro indices


You are allowed to make an investment on all the currency pair types that you can imagine:

  • Crosses (EUR/CHF, EUD/CAD, GBP/ZHF, NZD/JPY, CAD/JPY and many more)
  • Exotics (EUR/TRY, USD/TRY, USD/SEK, USD/NOK, USD/DKK, USD/HKD, USD/MXN and many more)
eToro currencies
eToro currencies


You have the choice to invest in both type of commodities: Hard and Soft.
Soft commodities include sugar, cocoa, coffee, corn whereas hard commodities include copper, oil, gold, platinum, silver, etc.

eToro commodities
eToro commodities


This latest category of assets will give you the option to buy real crypto or trade them via CFD (depends on your country of jurisdiction or regulator). There are over 50 cryptocurrencies to choose from and this list is expected to further increase since they continually add new supported digital coins or tokens.

Tradable cryptocurrencies with eToro
Tradable cryptocurrencies with eToro

What's interesting about eToro is that they regularly add new crypto assets so you can have more choices. You can invest not only on all-time favorites like Bitcoin, Ethereum and Ripple, but also on the hottest tokens like Shiba Inu and The Sandbox.


If you're into stock trading then you'll definitely be satisfied with the number of instruments that are available on this platform. As of this writing, there are over 2,000 choices and you can place a sell or buy position on particular company shares from different countries counting Germany, USA, UK, Italy, Hong Kong, Japan, Australia, Ireland, Singapore, etc.

eToro stocks
eToro stocks

In comparison…
The other services also provide some stocks, however, they are mostly from a few countries only. This is because they have shares in the markets of UK, US and some European countries.

Sounds exciting, right?


You'll find contracts of over 80 choices for commodities and indices.

eToro ETFs
eToro ETFs

Deposits and Withdrawals

It is extremely easy and quick to make a deposit and withdrawal through eToro.


  • $5 flat withdrawal fee regardless of the amount
  • All transactions utilize Secure Socket Layer (SSL) technology
  • Various payment methods are supported


  • Non-USD deposits are subject to a conversion fee

Supported Currencies

The eToro platform only operates with USD. However, visually speaking you can change the currency displayed as your equity. This can be set to USD, EUR, GBP, NZD, CAD, JPY, CHF, AUD, HKD, ZAR, RUB, CNY, NOK, SEK, TRY, MXN, SGD, HUF, CZK, or RON.

eToro platform in GBP currency
eToro platform in GBP currency

To change the currency displayed in your Equity, you just need to click on the Equity badge on the bottom of the platform and you will be able to select the display currency there.

Take note: If you're going to use other currencies on the platform, this converted with additional fees.


When you are done with the registration process, the next step to take is to make your initial deposit. For this, you just need to select "Deposit" and then choose your preferred method. Making a deposit into your eToro account is very simple and quick through a number of payment options.

Listed below are the banking methods that they currrently support:

  • Credit / Debit card (Visa, Mastercard, Diner's Club)
  • China Union Pay
  • Giropay (Sofortüberweisung)
  • Neteller
  • PayPal
  • Skrill Limited UK
  • WebMoney
  • Wire Transfer
  • Wire
  • Yandex
  • Local Online Banking
  • ACH

These are the most reliable and commonly used payment gateways and it's very easy to make a deposit through them. Via credit or debit cards, the funds are credited instantly so you can start trading in no time. Do take note that some payment methods like bank transfer may take longer as the processing time is dependent on your service provider.

eToro deposit page
eToro deposit page


If you have deposited money through a credit card in your account, then the withdrawal will also be made in the same credit card even if you have mentioned any other payment method in the withdrawal process.

eToro withdrawal
eToro withdrawal page

If your first attempt to withdraw does not succeed, then the withdrawal will be made to your secondary payment option.

If you wish to make a withdrawal to your PayPal account, you will be required to login to your PayPal account for claiming the funds.

Important: We highly recommend verifying the email address of your PayPal account before making any withdrawal.

Withdrawal Processing Time

It is very frustrating if your withdrawal request takes a lot of days to process. This is the case of some brokers and in some situations, the withdrawal request does not even succeed.
That's annoying, right?

So how long does eToro takes to process a withdrawal request?
Luckily, the withdrawal processing feature of eToro is very quick and it takes only three days to transfer funds from your eToro account to your credit card or bank account.

It means that eToro is highly reliable because they transfer your funds within minimum possible time and without any difficulty.

Fees and Charges

eToro is very transparent in terms of charges as there are no hidden fees.


  • No deposit fees
  • Transparency on current spreads and overnight fees
  • Very simple to avoid inactivity fee


  • $10 monthly inactivity fee if no login for 12 months


eToro gets the benefit only from the market spread that is the difference between the selling and buying price of the instrument. It is not benefited from commissions.

In comparison, other renowned services earn a lot from commissions when you trade on a particular share. The commission value is dependent on the country or market. Only eToro allows you to earn with zero commissions.

Some instruments have dynamic spreads. They vary sometimes whereas some instruments have fixed spreads and they do not change.

Look: It is very important for you to get yourself familiarize with spreads as it indicates the amount that you will earn with the successful trade.

In conclusion, the spreads of eToro are a lot better in comparison to other services and deserve the highest score.

Overnight Funding

This is the amount that will be added or subtracted to your account if you hold a position for more than a day.

Here is how it works:
If you are interested to know the details, you can select the desired asset on the trading platform, click the Trade button and you will be able to see the daily and weekend overnight fees at the bottom of the pop-up window.

eToro overnight fee
eToro overnight fee

Inactivity Fee

You will be charged $10 if you stay away from your account for 12 months. This cost is due to the active service and maintenance of your account.

The best thing is: You can avoid this fee by signing in daily to your account as it will not take more than a minute to do this. Besides, 12 months is such a long time if you're a trader, regardless of your experience, to leave your account dormant for that period.

Trading Tools

The trading tools are very important to speculate on the position of the market. eToro has a variety of tools that helps you to make an analysis of historical prices, events, and trends for successful trading.


  • Shows the percentage of traders buying/selling on a particular asset
  • Detailed instrument stats
  • High quality charts
  • Research information


  • Research information only accessible if you have a funded account

News Feed

What's great about eToro is that it has incorporated not just real-time news feed for a particular instrument but also feeds from other traders as well.

eToro news feed
eToro news feed

That means you'll get useful information not just from news resources but also from other users who are also interested about this market. By following professional traders, you'll get more insights on which markets they are investing on and what their opinions are.

It's like having a Facebook newsfeed of anything related to your favorite asset and it's really helpful in knowing the latest trends. In addition, it's also having like a customized feed of trader opinions and sentiments.

Charts and Indicators

If you like to use the charts feature to do the technical analysis, then you will definitely like the charts tools of eToro. The below-mentioned chart styles are made available by this broker:

  • Candle
  • Hollow Candle
  • Bar
  • Line
  • Mountain
eToro trading charts
eToro trading charts

There are more than 70 technical indicators for you if you are really interested in the deep analysis via Studies I and II. This gives you the opportunity to know the upcoming market situation. Below are just some of the many indicators that you can use:

  • Alligator
  • Bollinger Bands
  • MACD
  • Parabolic SAR
  • RAVI
  • RSI
  • Standard Deviation
  • Weighted Close


If you want to be a professional in this field, then eToro's trading academy is the best tool to learn and refresh your knowledge.


  • Most of the resources are free


  • Education center can be expanded further

While talking about the other trading services, they offer particular education centers and trading academies, eToro keeps up with the competition as it has all the essential tutorials and information regarding their service and how you can be a better trader.

eToro trading academy
eToro trading academy

eToro has a specialized financial trading Trading Academy which is not just for newbies but also for advanced traders as well. Via these resources, you will have the opportunity to enhance your trading skills:

  • Live Webinars: With the help of their online trading experts, you'll be able to learn your way around the platform and get top trading tips.
  • eCourse: This is an exclusive financial trading online course which allows you to learn and understand financial trading without any time pressure.
  • Trading Videos: If you're not fond of reading then their videos are you next best learning tool.

Customer Support

Getting in touch with eToro's support service is very easy and can be done in a number of ways.


  • Well-trained support agents
  • Available 24/5
  • Ticket submissions available


  • None

Never forget:
When selecting a broker to sign-up with, the factor of customer support service is of great importance. The customer support service of any trading website should provide you the required information and they should adopt every possible measure to help you out.

The good news is…
This is what the customer support service of eToro actually does!

eToro help page
eToro help page

They can be accessed via the most common methods available: email and live chat. Phone support is no longer available as with most brokerages but the live chat support is a much better option since you can get in touch with them using a desktop, laptop, tablet or smartphone.

So how did it turn out?
To check their support service quality, we contacted them via email and threw a set of questions. They were able to provide us with all the answers that we need professionally and without any marketing tactics. We were also suprised that response time didn't take too long given that the correspondence is via email.

eToro Customer Service Center
eToro Customer Service Center

We've also tried contacting them via live chat and also sent them the same kinds of questions that we asked via phone. Satisfactorily, they were able to provide the same answers in detail

eToro live chat
eToro live chat

Take note: The customer support service through live chat can only be accessed if you are registered and logged in on eToro account.

The reality is that:
The customer support service of other brokerages takes more than 24 hours to answer an email. This is the reason that the customer support service of eToro is best and very fast.

Moreover, we noticed that the reply to our inquiries was very sincere, quick, and honest. Their staff did not try to market their service at all and that's the kind of support that we're looking for.

Bottom line?
The customer support service of eToro is very quick, sincere and honest. They are well-trained and can answer all of your questions and within no time.


eToro has been able to keep an established credibility since the company started its operations.


  • Licensed from different regulators
  • Functioning since the year 2007
  • One of the pioneers in social trading
  • Good number of reviews and ratings


  • None

Is eToro Safe?

That's the magic question. If fact, this is a very common question and here's the answer:

eToro is definitely a safe and secure platform for trading. They have a good background and history and has never been flagged by financial authorities for any violations.

We've also done an extensive research on the user ratings and from various review sites and we found that most of them are highly satisfactory. They also have a fair share of negative reviews of course but in comparison to the positive ones, it's just minor. In Google Play for example, they have a rating of 4, which is quite a good score.

eToro app rating on Google Play
eToro app rating on Google Play

They also have good reviews on the App Store and its current rating from Apple users is 4.3. These are strong indications that they are trusted and safe.

eToro app rating on App Store
eToro app rating on App Store

We've also done a comprehensive research from trusted review sites like Investopedia and NerdWallet, and discovered that eToro's ratings are mostly high with very good comments and points made.


Reviewer Rating
Investopedia 4.3
NerdWallet 4.0
The Balance 4.4
G2 3.7
Trustpilot 4.2
Benzinga 4.5
Google Play 4.0
App Store 4.7
eToro Ratings from Trusted Review Sites

We can't stress more than this:
You should trade on a platform that is transparent. eToro is not only transparent and honest but also very friendly and they even go the extra mile to facilitate you so it's safe to say that they have a sound reputation.

In conclusion, eToro is the best platform in terms of safety for trading.


eToro is approved and controlled by the below bodies:

eToro is verified and licensed with renowned bodies. This ensures that they meet all the trading regulations and standards to provide the best possible experience to their clients.


In the year 2007, eToro came into existence, so it has been more than a decade since it provides the CFD service to traders. The period of over ten years is undoubtedly enough to prove their constancy.

And it is important to know that they also have a license to operate from trusted financial regulators. The above mentioned are enough to conclude that eToro is a verified and financially strong organization for trading.

What else?
eToro doesn't charge any commission on any of the transactions and for this reason, it is appreciated by many traders. This fact can be proved by the reviews and comments that are available on famous forex trading forums, sites and on even social media such as Twitter and Facebook.

There is an agreement of sponsorship by eToro with the Premier League and in fact, it is the club's biggest club sponsor for the 2021/22 season. The sponsorship with sports clubs such as this one is too costly specifically if this is a long-term sustainable agreement.

So what do we mean by this? It indicates that eToro is enough financially strong to sign such agreements and stable!


💰 Minimum Deposit $10 - $1000 (depends on country)
📈 Assets 3000+
🛍️ Asset Types Stocks, Commodities, Currencies, Indices, Crypto, ETFs
💱 Spreads Variable
💳 Deposit Methods Credit/Debit Card, PayPal, Neteller, Skrill, Rapid Transfer, iDEAL, Klarna/Sofort Banking, Bank Transfer, Local Online Banking
🖥️ Demo Account Yes (Unlimited)
👮‍♂️ Regulation FCA (UK), CySEC (Cyprus), ASIC (Australia)
💁 Customer Support Email, Live Chat
eToro Broker Details


So what's the result of this comprehensive review?
Based on our detailed test and research, eToro is a very stable online trading and investment service having all the important aspects and risk management tools that are suitable for traders of all types and that includes beginners, intermediate, and the experienced ones as well. Their minimum deposit requirement is reasonable so you won't have to shell out a huge amount just to get started.

Guess, what is the best thing?
They have a complete trading package. It provides the best trading opportunities, reliable and quick order processing, and a friendly customer support team that is very quick and knowledgeable enough to easily answer all of your inquiries.

It's not really surprising if other brokerages follow their footsteps (although it would be really hard for them to emulate this one) as it is the best trading service in the market because of its numerous notable features particularly its unique social investment network.

Ready to try eToro?

If you think that eToro is the better choice for trading and are already interested to invest with this broker then you can click the button below and you'll be directed straight to their quick-and-easy registration page.


eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

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68% of retail CFD accounts lose money