eToro Review
Social and copy trading · Founded 2007 · Tel Aviv, Israel
FCA-authorised
Reviewed by Adrian Rochester Updated 30 September 2026
Not financial advice. Our rankings and reviews are for general information only and are not a recommendation to open an account or to trade. Forex and CFDs are high-risk; consider independent advice and whether you can afford to lose your money.
51% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
eToro is the go-to platform for social and copy trading, trading off slightly higher FX costs for simplicity and community features.
Our verdict on eToro
eToro, founded in 2007, is best known for social and copy trading: you can see what other investors are doing and automatically copy their portfolios. UK clients are served by eToro (UK) Ltd, which is authorised by the FCA (FRN 583263).
eToro prices CFDs as a percentage of the trade rather than in pips: EUR/USD costs 0.005% per trade, which works out at around 0.57 pips at today's exchange rate. UK clients can hold a GBP account, and withdrawals from it are free, but trading US assets from GBP or withdrawing from a USD account adds conversion costs or a US$5 fee. There are no account, management or inactivity fees, and no overnight or custody fees on unleveraged shares.
For beginners who want to invest and trade in one friendly app, including shares, ETFs, crypto and an ISA, eToro is hard to beat. Active forex traders will find it limited, though: there is no MetaTrader, no spread betting and far fewer advanced tools than at specialist brokers.
Ratings breakdown
Key facts
- UK status
- FCA-authorised (FRN 583263)
- EUR/USD spread
- 0.6 pips typical (eToro CFD account)
- Commission
- None
- All-in cost
- £4.53 per standard lot
- Minimum deposit
- ~£8
- Max leverage
- 1:30 (UK retail limit)
- Instruments
- 5,000+
- Founded
- 2007
- Headquarters
- Tel Aviv, Israel
Pros
- Industry-leading copy trading
- Very easy to use, with ISA and GBP account
- No inactivity, account or custody fees
Cons
- Spreads quoted as % can be wider for forex
- No MetaTrader or spread betting
- USD account: US$5 withdrawals and conversion costs
Regulation
Highlighted = tier-1 regulator. Protection depends on the entity you open an account with.
Platforms
Who eToro is for
Good fit
- Beginners who want a simple app for shares, ETFs, crypto and CFDs
- Investors interested in copying experienced traders (CopyTrader) or ready-made portfolios
- UK investors who want a Stocks and Shares ISA or Cash ISA alongside trading
- People who want a GBP account with free withdrawals
Look elsewhere if
- Active forex traders who want MT4, MT5 or advanced order tools
- UK traders who want tax-free spread betting
- Anyone keeping most of their money in the USD account (US$5 withdrawal fee and conversion costs)
eToro fees and spreads
eToro builds its CFD charge into the spread and shows it as a percentage of the trade value. The figures below are eToro's published spreads for CFDs.
| Market | eToro spread (per trade) |
|---|---|
| EUR/USD | 0.005% |
| GBP/USD | 0.005% |
| USD/JPY | 0.002% |
| UK 100 | 0.01% |
| S&P 500 (SPX500) | 0.007% |
| NASDAQ 100 | 0.007% |
| Gold | 0.01% |
| Oil | 0.04% |
From eToro's CFD spreads page. 0.005% on EUR/USD is roughly 0.57 pips at an exchange rate of 1.1355.
Other costs
| Charge | eToro |
|---|---|
| Account, management & inactivity fees | None |
| Withdrawals | Free from a GBP account; US$5 from a USD account (minimum US$30) |
| Currency conversion | Charged when converting between GBP and USD or trading assets priced in another currency; varies by payment method and Club level |
| Stock commission | US$1 or US$2 may apply per stock position, depending on exchange |
| UK shares | 0.5% Stamp Duty Reserve Tax on purchases (a government tax) |
| Crypto | 1% per position for Bronze, Silver and Gold Club members; lower for higher tiers |
| Overnight fees | Charged on CFD and leveraged positions; none on unleveraged shares |
Account types
- Investment account
- Buy shares, ETFs and crypto, and use CopyTrader or Smart Portfolios.
- CFD trading
- Leveraged and short positions on forex, indices, commodities and shares are executed as CFDs.
- GBP account (eToro Money UK)
- Hold and withdraw pounds without conversion fees.
- Stocks and Shares ISA and Cash ISA
- Tax-efficient accounts for UK residents.
- Professional account
- Higher leverage for clients who qualify.
- Demo account
- Practise with a free virtual portfolio before investing real money.
Deposits and withdrawals
| Deposit methods | Easy Bank Transfer, bank transfer, debit/credit card, and e-wallets where available |
| Minimum first deposit (UK) | From US$10 (see eToro's help centre) |
| Withdrawal fees | Free from a GBP account; US$5 from a USD account |
| Minimum withdrawal | No minimum from a GBP account; US$30 from a USD account |
Is eToro safe?
- eToro (UK) Ltd is authorised and regulated by the Financial Conduct Authority (FRN 583263).
- Client funds are held in segregated accounts, separate from eToro's own money.
- Money and assets held with eToro UK are treated as investments for the FSCS, with compensation of up to £85,000 per person if the firm fails.
- Retail CFD accounts have negative balance protection.
Platforms and tools
- eToro web platform & app
- One easy-to-use app for investing, CFDs and copy trading, with a social feed.
- CopyTrader
- Automatically copy the trades of other eToro investors in proportion to your investment.
- Smart Portfolios
- Ready-made themed portfolios managed by eToro.
- No MetaTrader
- eToro does not support MT4, MT5 or TradingView trading.
Research and education
The eToro Academy offers courses and guides, and the platform includes news, analysis, an earnings calendar and investor sentiment from the eToro community.
Customer support
Support is provided through eToro's online help centre and ticket system, with extra service levels for higher eToro Club tiers.
eToro FAQs
Is eToro safe?
eToro (UK) Ltd is authorised and regulated by the FCA (FRN 583263). Client money is kept in segregated accounts, and eligible UK clients are covered by the FSCS up to £85,000.
What is eToro's minimum deposit in the UK?
UK clients can make a first deposit from US$10, according to eToro's help centre.
Does eToro charge an inactivity fee?
No. eToro's fee page lists the inactivity fee as free.
What are eToro's forex spreads?
eToro charges 0.005% of the trade value on EUR/USD and GBP/USD, roughly 0.57 pips on EUR/USD at current rates.
Does eToro offer MT4 or spread betting?
No. eToro uses its own platform only and offers CFDs rather than spread bets.
Does eToro offer an ISA?
Yes. eToro offers a Stocks and Shares ISA and a Cash ISA to UK residents.
How much does it cost to withdraw from eToro?
Withdrawals from a GBP account are free. Withdrawals from a USD account cost US$5, with a US$30 minimum.
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Where these figures come from
Checked on 30 September 2026 against eToro's own website (UK site where available). Figures marked ~ are converted from US$ at £1 = $1.3247 (ECB reference rate, 29 September 2026). Spreads, fees and deposits change often, so confirm them with eToro before opening an account.
51% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
How we make money: some links on this page are affiliate links. If you open an account through them we may earn a commission, at no extra cost to you. This never affects our ratings, which follow our published methodology.
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