In this eToro Review, we are going to take a look at the offer that this broker prepared for its traders. eToro is regulated by the CySEC in Cyprus, by the ASIC in Australia and by the FCA in the UK. eToro operates on the financial market since 2006. When it comes to trading platforms, the broker features WebTrader. The eToro minimum deposit is 50 USD (in most countries).
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this eToro Review
| Website address: | https://www.etoro.com/en (81% of of retail investor accounts lose money when trading CFDs with this provider) |
| Operated by: | eToro group |
| Licensed and authorised by regulatory bodies: | CySec ASIC FCA |
| Supported languages: | English, German, Spanish, French, Italian and Portuguese |
| Customer support available via: | E-mail, live-chat |
| Contact details: | [email protected] |
| Available deposit methods: | Bank transfer, VISA, MasterCard, Giropay, Local Bank Deposits, Local bank transfers, Neteller, PayPal, Skrill, UnionPay, WebMoney, Yandex Money |
| Available withdrawal methods: | Bank transfer, VISA, MasterCard, Giropay, Local bank transfers, Neteller, PayPal, Skrill, UnionPay, Yandex Money |
| Minimum deposit: | 50 USD (in most countries) |
| Min. trade in lots: | 0.1t |
| Spreads: | Typical spread on the currency pair EUR/USD - 1,0 pips * on standard account type |
| Tradable assets:
Might be a CFD. |
Forex (45), cryptocurrencies (30) |
| Mobile app: |  |
| MetaTrader 4: |  |
| Other trading platforms: | WebTrader |
| Social trading: | |
eToro Fees (typical spreads)
We have scanned fees (typical spreads) that eToro charges when trading popular currency pairs, here is their breakdown in pips.
| EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
|---|---|---|---|---|---|
| 1,5* | 1,0* | * | 2,0* | 2,0* | 1,0* |
*Typical spreads were recorded on 15.02.2021 at 09:55 for the standard account. eToro spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: SMCapitalMarkets, Globalix, KajeForex and Pelliron
Frequently Asked Questions
🧐 Is eToro a Scam?
eToro is a broker licensed and regulated by the CySec, ASIC and FCA. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that eToro is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the eToro minimum deposit?
In order to start trading with eToro, you have to deposit at least 50 USD.
📵 What deposit and withdrawal methods eToro supports?
⚖️ Would you recommend me choosing eToro?
We don’t have our own personal experience with eToro. However, because the broker is regulated by the CySec, ASIC and FCA, there is a high chance that it is not a scam. With that being said, it still does not mean that eToro is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker IQ Option – (83% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 17.03.2023 at 11:42 GMT.
This is good broker
I must say this broker provide the incredible services.