eToro Review 2026
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This eToro review covers eToro as both an investing and trading platform. In a nutshell, eToro is a popular trading platform that provides access to crypto as well as other asset classes like stocks, commodities, and indices. It's a beginner-friendly platform that makes buying and selling financial instruments intuitive and accessible. Still, its trading interface is very user-friendly, making it an excellent choice for beginners learning to trade crypto and other assets.
Throughout our eToro review, we'll explore the platform's features, security measures, regulatory licenses, and customer support team. We'll also provide a guide to getting started with eToro and compare it to a few dedicated crypto exchanges.
eToro Review: Pros and Cons
Pros
- Regulated by leading authorities
- Beginner-friendly
- Provides access to multiple asset classes
- Operating for almost 20 years
- Supports external crypto withdrawals
- Easy to use but powerful
Cons
- High minimum crypto withdrawal limits
- Only 2x leverage on crypto
- Relatively high fees for trading and moving crypto
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro Background and Reputation
Company Overview
Founded in 2007, eToro is a leading mixed-asset trading platform. It operates internationally and has over 38 million users across 75 countries trusting it. eToro lets people buy Bitcoin and dozens of other cryptocurrencies directly, which can be withdrawn to an external wallet. It also offers leveraged Contracts for Difference (CFD) that suit experienced traders.
Yoni Assia, Ronen Assia, and David Ring founded eToro to make investing/trading accessible to everyone, regardless of experience. Headquartered in Bnei Brak, Israel, eToro became a publicly traded company in 2025, resulting in stricter transparency requirements and the need for regularly conducted third-party audits, which significantly enhanced its trust.
Regulation & Licensing
Because it's a public company that offers traditional financial instruments, like stocks and commodities, in addition to cryptocurrency, eToro is subject to strict regulations. Being listed on the Nasdaq, eToro is registered with the United States Financial Crimes Enforcement Network (FinCEN) as a Money Services Business (MSB).
The UK's Financial Conduct Authority (FCA). Europe's CySEC (Cyprus), AMF (France), OAM (Italy), and the Bank of Spain have issued licenses for eToro. After researching for our eToro review, we found that Malta's MFSA, Abu Dhabi's FSRA, Australia's ASIC, Singapore's MAS, and the Seychelles's FSAS also regulate the trading platform.
Trust & History
Users seeking a secure crypto exchange will feel at home on eToro. In its 18-year history, the trading and investing platform has not been hacked, leading to the loss of user funds. Hackers allegedly listed the details of 62,000 eToro accounts for sale, but information was gathered using means like malware, not through a fault in eToro’s security measures.
In late 2024, eToro faced a Securities and Exchange Commission (SEC) lawsuit resulting from claims that it acted as an unregistered broker and facilitated trading of crypto assets as securities. eToro settled the suit by agreeing to pay $1.5 million and delisting most of its crypto assets. Yet, eToro has since steadily reintroduced crypto assets to the US market.
User Reviews
Is eToro legit? People generally have mixed feelings about it. Although it's one of the most widely used mixed-asset trading platforms, eToro draws negative comments from people who believe it's overly basic or excessively expensive. However, for most people, eToro is accessible and capable enough.
eToro is highly recommended on Trustpilot with a 4.2/5 rating, responding to 99% of negative comments. On Reddit, some users advise avoiding eToro, citing high spread fees and withdrawal issues. However, most agree that eToro is a genuine, regulated trading platform. They praise it for being easy to use and say the eToro customer support is responsive and helpful.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
How to Sign Up for eToro
Figuring out how to use eToro can be challenging, so we've compiled a step-by-step guide to help new users get started.
Step 1: Create an Account
The first step in the eToro sign-up process is creating an account. Head to the eToro homepage, click the green 'Join eToro' button, enter an email address, username, and password (or register with Google). Make sure to select a secure, unique password for added safety.
Step 2: Verify eToro Account
After creating an account, you'll need to verify it. You must provide details like your name, date of birth, and gender. You'll then have to provide your home address. You can optionally use your National Insurance number for verification. eToro requires new users to answer a few basic questions to gauge their trading knowledge and financial status.
Once you've provided your general information, you must input a phone number to receive a verification code. If you have an old account linked to your phone number, eToro will ask if you want to delete it. Then you'll need to provide a photo ID (passport, driving license, residence permit) and proof of address (driving license, bank statement, utility bill).
Based on my experience, the user's side of the verification process takes around 15 minutes. After providing your details, eToro will confirm them and verify your account. This process usually takes around 24 hours.
Step 3: Deposit Funds
Following your account's verification, you're ready to fund your eToro account. Click the blue 'Deposit Funds' button in the bottom left, choose a payment method, select a currency, enter your desired deposit amount, input your details, and press the 'Deposit' button to confirm the payment. The funds will arrive within a few minutes, and then you can buy crypto on eToro.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Initial Setup & User Experience
Nobody wants to spend excessive time learning how to use a trading platform, so there's no reason for an exchange to be overly complex. eToro caters to beginners, so it must offer a stellar user experience.
Ease of Use
If you're looking for a simple-to-use trading platform, then eToro is an excellent choice. It makes trading and investing in a broad range of assets intuitive and straightforward. The trading interface is bare bones, which makes it easy for novices to get used to. Programs like staking or dividend distribution are mostly automatic, so eToro is highly convenient.
While relatively simple and approachable, eToro packs an impressive amount of advanced crypto trading features, such as TradingView integration and its copy trading platform. As such, eToro could be the best crypto exchange for simplicity compared to other mixed asset class platforms.
Display & Buttons/Touchscreen
While testing for our eToro review, we found the web platform intuitive and beginner-friendly. It's been designed for ease of use, with key features easily accessible via a persistent menu. It's easy on the eyes, has good contrast, and lets users swap between light and dark modes, which is a nice touch.
When accessing key features like the portfolio section or the list of assets, eToro is fast and responsive. However, it first loads a skeleton of the feature, while the actual content takes a second or two longer to appear. eToro is clear and straightforward, making it accessible for those unfamiliar with trading platforms.
Mobile App Review
The eToro mobile app has been expertly designed to be easy to use while retaining all the features of the web platform. Navigation is simple thanks to a convenient menu that contains key sections and an additional, more hidden menu containing admin features like the help center and account settings.
Despite being packed into a mobile app, eToro retains the same features as the web platform. Users can invest in crypto, stocks, commodities, and other asset classes, stake their crypto, or access the copy trading service. TradingView, with all its drawing tools and technical indicators, is available, and eToro Money is mobile-only, so it's easier to use with the eToro app.
eToro is well-liked on the iOS App Store. It has a 4.1/5 rating based on over 13,000 reviews. On the Google Play Store, it's rated lower, 3.7/5 based on nearly 150,000 eToro app reviews. Users complain of glitches when placing a sell order or find mobile charting challenging due to the ease of erroneous presses. However, most agree it's beginner-friendly and approachable.
eToro Key Features & Services
eToro is packed with useful tools and services, some of the most valuable include:
Buying & Selling Crypto
eToro lets users buy Solana and 100+ other crypto assets. While the total number of eToro-supported coins is 130 on the international platform, only 79 are available on the US platform. The limited US availability stems from SEC litigation, which restricted the assets eToro could offer. However, hundreds of stocks, commodities, and indices are available.
After depositing cash, people can buy Ethereum and 129 other digital assets on eToro. They cannot purchase crypto directly using a card or bank account. eToro deposit methods include credit/debit cards, bank transfers, PayPal, Neteller, Skrill, iDEAL, and Poland's Przelewy24, providing local and general options.
Once your account is funded, buying crypto on eToro is easy. As one of the top cryptocurrency platforms for beginners, eToro boasts a simple order interface that contains only essential information. It makes acquiring crypto accessible for anyone. Users can withdraw certain assets via the eToro Money Wallet, but reversing the process and depositing crypto is impossible.
With it not supporting digital asset deposits and offering a relatively limited selection of cryptos compared to dedicated crypto investment platforms, like Bybit (515) or Coinbase (302), eToro best suits investors building a mixed-asset portfolio or traders who don't want to be restricted to a specific asset class.
Trading Platform
On mobile and desktop, eToro features a basic trading interface, displaying a simple line chart and a few details about the asset. Some extra information is on the asset page, but is not immediately displayed, keeping the interface digestible. A toggle for TradingView charts ensures advanced crypto trading tools are available, while keeping eToro suitable for beginners.
Crypto trading order types enable conditional execution, enhancing a trader's ability to enter a position precisely and exactly when they want. Unfortunately, eToro is limited compared to platforms like OKX. It only offers basic market (executes at the current price) and limit (executes at a specific price) orders, but these still provide some flexibility.
Although eToro's proprietary charting system is limited, it has integrated TradingView to enable advanced charting and analysis. Users can access TradingView's full suite of features, including a diverse selection of drawing tools and many technical indicators, allowing experienced analysts to utilize complex strategies and validation techniques.
eToro users can use leverage to boost their crypto positions by up to 2x. When you use leverage, positions are opened as Contracts for Difference (CFDs). As such, you do not own the assets you buy with leverage; they represent value only. On other asset classes, leverage limits are higher, up to 30x (major forex pairs). eToro doesn't offer crypto futures.
eToro is a centralized exchange (CEX) for CFDs and multiple asset classes, so its volume and liquidity data are unavailable. However, eToro can handle relatively large crypto order sizes, indicating it has reasonable liquidity and a good reserve of digital assets.
Supported Wallets & Custody
eToro offers two crypto wallets where users can store their digital assets. One is built into the trading platform, and the other is a standalone wallet; both are custodial, meaning eToro controls the private keys and recovery codes. This can be convenient for beginners as they don't have to worry about losing the seed phrase, but it reduces user control and ownership.
The eToro Money wallet is the standalone alternative. It stores and manages crypto assets. The wallet connects directly to your eToro account, so users can transfer assets from the trading platform to eToro Money, but not vice versa. It supports cashing out for fiat and internal/external transfers, but is only available as a mobile app.
During our eToro crypto wallet review, we found that while it can handle basic functions, the eToro Money wallet is limited compared to dedicated providers like MetaMask or Trust Wallet. Users can only store certain assets and cannot connect to decentralized applications (dApps). It also differs by region. UK users can sell for cash, but USA users can only store crypto.
Earning & Lending
Crypto staking lets people earn passive rewards for contributing to transaction validation and a network's stability. Most crypto trading platforms will stake assets on the user's behalf, enabling them to earn rewards with minimal input.
eToro enables people to stake eight assets: Ethereum, Cardano, Solana, Tron, Polygon, Polkadot, Near Protocol, and Cosmos. Reward rates vary by asset and volume. eToro distributes the total staking reward among all users proportional to their contribution and calculates the monthly APR based on this data.
Besides dividends on stocks or Exchange-Traded Funds (ETFs), eToro doesn't offer other methods of earning interest on crypto. It doesn't support contributing to Bitcoin mining pools and has no crypto loan eToro lending service for people to earn rewards. Residents of Germany and the US are not eligible to participate in eToro's crypto staking program.
Security Measures
The best crypto exchanges will be safe and boast excellent security measures. eToro is a regulated trading platform and public company, so security is even more critical. Users can set up SMS Two-Factor Authentication (2FA), but there is no option to use a dedicated authenticator app or hardware key, potentially leaving users vulnerable to SIM-swap attacks.
When you buy Cardano or any other crypto, you need to be able to store it securely. To keep user assets safe, eToro holds the majority of crypto on the trading platform in cold storage. However, assets in the eToro Money wallet are stored in hot wallets for convenience.
eToro stores user funds in segregated bank accounts away from company assets. People with Platinum, Platinum+, and Diamond Club tiers are eligible for a free insurance policy protecting up to 1 million EUR, USD, or AUD. The policy doesn't include crypto but covers positions, cash, and securities. US users' deposits are protected up to $250,000 by FIDC insurance.
Because eToro is publicly traded, it is subject to stricter audits than decentralized exchanges (DEXs) or mainstream crypto exchanges. Following an independent audit, the company achieved an SOC 2 Type II, indicating strong security, but its regular audits are not public. As a mixed asset broker, eToro doesn't disclose its proof of reserves.
Users can withdraw their cryptocurrency from the eToro trading platform to the eToro Money wallet mobile app. However, when we tested the app for our eToro crypto exchange review, we found that users cannot set up withdrawal address allowlists or anti-phishing codes. All settings are managed from the eToro trading platform, which is limited.
Payment Methods & Fees
After testing for our eToro review, we found there are no fees for depositing cash. However, GBP or EUR deposits are converted to USD, but eToro's rate is slightly below the actual figure, causing users to pay a premium of around 0.75%. Users cannot fund their accounts using cryptocurrency.
There are a few eToro withdrawal limits to be aware of. Withdrawals of GBP and EUR are fee-free, and there's no minimum. However, USD withdrawals incur a $5 charge and have a $30 minimum. For cryptocurrency, there is a 2% fee ($1 minimum, $100 maximum) for withdrawing to the eToro Money Wallet. The minimum varies by asset; we've highlighted a few below.
| Asset | Minimum Position for Withdrawals |
|---|---|
| Bitcoin (BTC) | 0.007195 ($826) |
| Ethereum (ETH) | 0.107588 ($394) |
| XRP (XRP) | 120 ($367) |
From this data, we can see eToro’s cryptocurrency fees explained in context. It has an extremely high minimum withdrawal fee for crypto. Most dedicated crypto exchanges, like Coinbase, KuCoin, and OKX, set minimums around $10 to $30, so eToro's limits are excessive and will only suit those with significant capital.
Exchanges make money by charging a fee when users open or close a position. These charges either take the form of a commission (a flat percentage fee taken from each trade) or spread (the difference between buy and sell prices). The eToro fees for trading crypto are 1% whenever you buy or sell. It also charges a small spread fee that varies by asset and market conditions.
Determining the spread fee you must pay can be challenging, as most platforms don't provide an exact figure, leaving users to work it out. However, because eToro is a crypto exchange for beginners, it makes understanding what spread you pay simple. It shows the buy/sell prices and provides an estimated spread based on your position size, which is highly convenient.
eToro is transparent about its fees, making the information available in its help center. However, it charges a few fees that might be unexpected. Users only receive 45% to 90% of their staking rewards based on their eToro Club tier. A monthly $10 fee is applied to accounts without logins in the past 12 months. Selling crypto in the eToro Money app incurs a fee of 0.6% to 1%.
Customer Support
eToro has established a robust customer support system to ensure that users can always receive assistance when and where needed.
The trading platform offers a help center containing dozens of articles explaining general topics, like the withdrawal process or how certain features work. It provides a live chat function with a chatbot, which can provide information on the users' queries. Users can also connect to a human support agent to assist with more challenging questions.
I tested the eToro customer support team to assess its capabilities. After one message explaining my issue (a problem placing a trade), I connected to a human support advisor; the process took around one minute. The support agent was courteous and quick to respond. The chatbot is accessible 24/7, but human agents are unavailable on Sundays.
Geographical Availability
eToro is widely accessible to Western traders and investors, but it is blocked in some regions. People in 170 countries, including Canada, China, India, and Japan, are restricted from using eToro. This significant restriction is due to eToro blending traditional finance, like stocks or forex, with cryptocurrency, which results in strict regulatory oversight.
Because eToro is a global platform, it must comply with local regulatory requirements. For example, US investors cannot stake crypto due to an SEC lawsuit and have access to fewer assets. Moreover, due to FCA regulations, UK customers cannot short or use leverage to trade crypto.
Other eToro Products and Services
eToro primarily focuses on trading and investing in various asset classes. However, it offers a few other valuable features too.
Price Alerts
One of the most convenient tools is eToro's price alerts system. Users can set up custom price notifications, alerting them when an asset hits a certain price. eToro provides pre-set alerts (-10%, -5%, +5%, +10%) or users can set up custom levels. The tool is excellent for buying Shiba Inu or any other crypto or traditional asset, as it helps you invest at your target price.
Copy Trader
The Copy Trader tool is one of the most powerful eToro features. It lets people automatically mirror the positions of other users, enabling passive trading. Users can view data like the number of copiers, 2-year returns, year-to-date returns, risk score, and percentage of profitable weeks.
The tool is ideal for beginners learning how to trade crypto. It lets people understand what strategies experienced traders use and how they handle various market conditions. It also enables knowledgeable traders to earn additional profits as they receive a portion of their followers' earnings.
eToro Club
eToro Club is a loyalty program that rewards users based on their tier. There are six tiers in total, and they require balances between $0 and $250,000. Bonuses include higher crypto staking earnings, interest on USD balances, a dedicated account manager, a cashback program, and eToro tax reports that can be plugged into tax software to simplify reporting.
eToro vs Other Crypto Exchanges
Here is how eToro stacks against other top crypto exchanges in the market
| Crypto Exchange | Top Choice For | Price | Products and Offerings | Standout Features |
|---|---|---|---|---|
| eToro | Multi-asset class trading | 1% | Crypto, stocks, ETFs, other asset classes, staking, copy trading | Highly active copy trader platform |
| Coinbase | Beginners learning to trade | 0.60% / 1.20% | Simple interface, advanced interface, crypto staking, TradingView integration | Easily toggle between beginner and advanced mode |
| Binance | International traders seeking advanced features | 0.1% | Easy convert tool, futures, margin, P2P marketplace, fiat on-ramp | Highly active P2P marketplace, advanced trading capabilities |
| OKX | Low-fee trading | 0.08% / 0.1% | Varies by region, derivatives, crypto loans, TradingView, and P2P marketplace | Region-specific features, low trading fees |
| ByBit | Advanced crypto staking / structured earn products | 0.1% | Trading bots, staking, structured earn products, derivatives, crypto loans | Many staking / structured earn products with various APRs and risk levels |
Who is eToro Best Suited For?
Because eToro prioritizes traditional finance (TradFi) and charges relatively high crypto fees and minimum withdrawal limits, it's better suited to crypto traders than to investors who want to buy and withdraw to an external wallet for long-term storage. Due to its focus on TradFi, eToro is best for mixed asset traders or short-term investors.
Conclusion & Final Verdict
Our eToro review determined that it's a well-regarded platform for buying and selling a mixture of asset classes, including cryptocurrency and stocks. Its focus is primarily on traditional finance, but it offers a reasonable range of cryptocurrencies. However, users can only withdraw specific assets, and minimums are high, limiting its usefulness for crypto enthusiasts.
Despite its somewhat restricted crypto-centric features, eToro is a highly capable trading platform. It supports leverage (in eligible regions), TradingView for in-depth analysis, and a copy trading service. While eToro is not a low-fee crypto exchange, it is beginner-friendly and surprisingly powerful, making it a strong choice for people wanting to trade crypto CFDs.
FAQs (Frequently Asked Questions)
How does eToro make money?
eToro is a commission-free trading platform, so how does it make money? It charges a 1% commission on crypto trades and a variable spread (the difference between an asset’s buy and sell prices). It charges for overnight financing on leveraged positions. eToro also earns interest on uninvested cash, paying a portion to users and keeping the rest.
Can I earn passive income on eToro?
While eToro is limited regarding passive income opportunities, the trading platform lets users stake their crypto to earn monthly rewards. EU users must opt in, but people in the UK, Australia, the UAE, and Seychelles are automatically enrolled. eToro also distributes dividends to holders of applicable stocks.
What are the tax implications of using eToro?
You must pay taxes on your profits when you make money from trading, investing, or staking. The rates and policy vary by region, earnings, and investor classification (casual or professional). Failure to pay or incorrect payments can lead to significant penalties, so you should consult a local tax professional to prevent surprises.
What is KYC/AML, and why is it required on eToro?
Regulators impose Know-Your-Customer (KYC) requirements for financial platforms. This requirement mandates the gathering of specific information about a user’s identity. Anti-money laundering (AML) is similar but focuses on user financial information rather than identity. Both guidelines are in place to prevent money laundering and other criminal uses.
Is eToro good for beginners?
With its intuitive interface, unique social trading tools, and wealth of easy-to-understand learning materials, eToro is widely recognized as an ideal launchpad for beginner investors.
