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eToro

  • Regulated by: Financial Conduct Authority, CySEC
  • Used by: 6,000,000 traders
  • Trust Rating: AAA
Open eToro's Website

Losses can exceed deposits.

eToro offer two ways to trade: CFD trading, and social trading.

To open a live account, you’ll need a minimum deposit of at least $50. Alternatively, eToro offer a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by the Financial Conduct Authority, UK (FRN: 583263), and CySEC (Licence: 109/10). eToro puts all client funds in a segregated bank account and uses tier-1 banks for this. eToro have been established since 2006, and have a head office in Cyprus, UK.

Before we dive into some of the more detailed aspects of eToro’s spreads, fees, platforms and trading features, you may want to open eToro‘s website in a new tab by clicking the button below in order to see the latest information directly from eToro.

Open a demo account Visit eToro

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

PROS

  • Used by 6,000,000 traders
  • Established in 2006
  • Regulated by Financial Conduct Authority, CySEC
  • Min. deposit from $50

CONS

What are eToro's spreads & fees?

The spreads displayed below are based on the minimum spreads listed on eToro’s website. The colour bars show how competitive eToro’s spreads are in comparison to other popular brokers featured on BrokerNotes.

eToro variable spread is not available. If you believe this is incorrect please fill in our form

See all Spreads

Example: How much would it cost to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) at an exchange rate of 1.1719 and then sell it the next day at the same price you could expect these fees:

eToro AvaTrade Plus500
Spread from: $30.00 $7.00 $9.00
Typical overnight fee: $6.00 $5.00 $9.40
Commission: 0 0 0
Total cost of a 100k trade: $36 $12 $18.4
+$24 saving +$17.6 saving
Visit eToro Visit AvaTrade Visit Plus500

All fees/prices are for informational purposes and are subject to change. Last updated: 17/11/2017.

General Fees

  • eToro does charge inactivity fees
  • eToro withdrawal fees varies on payment method

Overnight fees & swap rates

When you hold a position overnight, it is usually subject to overnight interest which you must pay to your brokerage (sometimes called a rollover fee or swap rate).

  • the roll over fee for long positions on EUR/USD is -$6
  • the roll over fee for short positions on EUR/USD is $0

Commissions

  • eToro doesn't charge commission on CFD shares

What instruments can you trade with eToro?

FX / Currencies eToro AvaTrade Plus500
# of forex pairs offered 47 59 61
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies Yes Yes Yes
Commodity CFDs eToro AvaTrade Plus500
# of commodities offered 0 16 17
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs eToro AvaTrade Plus500
# of Stocks offered 957 99 1816
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
See eToro's Instruments See AvaTrade's Instruments See Plus500's Instruments

What's the eToro trading experience like?

1) Platforms and apps

eToro offer a user-friendly custom trading platform, available as both a downloadable program or as a broswer based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here.

eToro Screenshot See eToro's Platforms

eToro also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you‘re on the move.

See eToro's platforms

Trading Features:

  • Offers STP
  • Low min deposit

Accounts offered:

  • Demo account
  • Mini account
  • Standard account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

eToro allow you to execute a minimum of trade of $25. This may vary depending on the account you open. eToro allow you to execute a maxium trade of 20% of equity.As eToro offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, eToro offer margin up to 0.5% on currencies.

Finally, we‘ve listed some of the popular funding methods that eToro offers its traders on the right.

Funding methods:

  • Credit cards
  • Bank Transfer
  • PayPal
  • Skrill
  • Payoneer
  • Neteller

3) Client support

eToro support a wide range of languages including English, German, Spanish, French, and Italian

eToro have a BrokerNotes triple AAA support rating because they offer a wide range of languages, live chat, phone and email support.

CFDs are leveraged products and can result in the loss of your capital. All information collected from www.etoro.com on November 21, 2017.