eToro review 2023

Finder Award

Finder exclusive bonus with eToro

• Get $10 $15 when you sign up and deposit $100
• $0 stock trading fee
• Winner for Best Trading Platform for Beginners

Get exclusive offer

Our verdict

Our verdict

Consider eToro if you're a beginner investor interested in social investing and want access to stocks, ETFs, options and crypto with low fees. Look elsewhere if you live in NY, NV, MN or HI or if you're looking for a retirement account. eToro is the winner for Best Trading Platform for Beginners in the 2022 Finder Stock Trading Platform Awards.

Best for: Beginner investors and crypto traders.

Pros

• $0 fees for stock trading and no annual fee.
• Interact with over 25 million social traders.
• Access 20 cryptocurrencies.

Cons

• Not available in NY, NV, MN and HI.
• Limited account types.

Finder Award

4.3

★★★★★

Finder rating

Go to site

Stock trade fee

$0

Minimum deposit

$0

Complete signup bonus

FINDER EXCLUSIVE: Guaranteed $15 bonus when you sign up and deposit $100

Hide

eToro

Learn more and sign up on eToro's secure site

Go to site

How we rated eToro’s features

To learn how our star ratings are calculated, read our methodology at the bottom of the page.

eToro is best for new and active traders

Beginner traders will find a user-friendly web and mobile platform that simplifies trading without sacrificing features. And active traders will appreciate the commission-free stock, ETF and options trades as well as the advanced, customizable charts and research tools.

Account types available with eToro

• Individual

Where eToro shines

eToro offers an accessible trading platform that doesn’t skimp on features. Analyst ratings and price targets, advanced charts and social trading features, all on an easy-to-use interface. Stocks and ETFs trade commission-free and options are free of both commissions and contract fees — something we don’t see often.

Where eToro falls short

eToro does not support stock and crypto trading in New York, Nevada, Minnesota and Hawaii. While residents of these states can sign up for a free account, they can only access eToro’s virtual trading. For those eligible to trade with eToro, account types are also limited to brokerage accounts — no tax-advantaged retirement accounts or joint accounts.

As of right now, eToro also does not support margin trading.

eToro’s fees

Is eToro legit?

Yes. While it’s fairly new in the US, eToro is a global broker. It boasts 25 million+ users in more than 100 countries since it began in 2007.

eToro USA Securities Inc is registered with the Financial Industry Regulatory Authority (FINRA) and handles the brokerage services. eToro USA LLC is registered with the US Financial Crimes Enforcement Network (FinCEN) and handles crypto assets.

Trading on eToro

Here are some of the tools you can use to trade with on eToro:

• Social feed
• Stock watchlist
• Portfolio
• Investing ideas
• CopyTrader
• TipRanks
• ProCharts (web platform only)

eToro’s trading app

eToro’s home screen is simple and functional. Its social feed allows you to post and interact with other traders. Tabs allow you to easily switch between the “watchlist” or “portfolio”. While the “discover” tab takes you to trading, investing ideas and the CopyTrader feature, which allows you to automatically mirror crypto trades of other eToro users.

Note: There is a separate app for trading options called eToro Options Trading.

eToro’s desktop tools

On the web platform, you can access more advanced charting tools, including time frames, chart types, drawing tools and studies. eToro’s ProCharts is exclusive to the desktop platform and allows you to look at multiple charts simultaneously.

eToro’s app store reviews

eToro’s customer support

You can reach eToro’s customer support in two ways:

• Online web chat
• Online ticket system

How to open an account with eToro

1. Click the “Sign up now” button below and click “Get started”.
2. Enter your username, email and password and select Create Account. Alternatively, use your Facebook or Google login credentials to sign up.
3. Verify your email, which will bring you to your account page. Then hit Verify to confirm your account.
4. Complete your profile by entering the required personal information, including your name, date of birth, address and Social Security number.
5. Deposit funds via PayPal, debit card, bank account or wire transfer to begin trading.

Eligibility and required information

Sign up now

How safe is eToro?

eToro’s platform is considered safe and secure. Advanced encryption and masking technologies, two-factor authentication and 24/7 infrastructure monitoring are some of the measures in place to keep customers’ personal and financial information safe.

eToro operates in accordance with FINRA and FinCEN and any funds in your eToro account is held in FDIC-insured US banks.

Frequently asked questions about eToro

• How do you buy Tesla stock on eToro?

  You can buy Tesla stock on eToro in a few simple steps:

  1. Open a stock trading account on eToro. Click "Sign up now" below.
  2. Confirm your payment details.
  3. Fund your account with a bank transfer and take advantage of any signup bonuses.
  4. Search for the stock name by ticker symbol – TSLA – and buy the stock.

  Sign up now

• Where is eToro based?

  eToro has offices in Cyprus, Australia, the UK and the US, with the main headquarters being in Tel Aviv, Israel.

• How do I close my eToro account?

  If you'd like to close your eToro account, ensure that you have withdrawn your funds from your balance and closed any open positions. You can then close your eToro account by going to the Account Settings section and following the instructions after clicking "Close your eToro account."

• Is eToro safe?

  Yes. eToro is considered safe. It uses several security measures to keep its customers' personal and financial information secure. Advanced encryption, masking technologies, two-factor authentication and 24/7 infrastructure monitoring are all active with eToro.

Compare eToro to other platforms

eToro

★★★★★

Finder rating 4.3 / 5

Go to site

---

Available asset types

Stocks, Options, ETFs, Cryptocurrency

---

Stock trade fee

$0

---

Minimum deposit

$0

---

Complete signup bonus

FINDER EXCLUSIVE: Guaranteed $15 bonus when you sign up and deposit $100

SoFi Invest

★★★★★

Finder rating 4.3 / 5

Go to site

---

Available asset types

Stocks, Options, ETFs, Cryptocurrency

---

Stock trade fee

$0

---

Minimum deposit

$0

---

Complete signup bonus

Get up to $1,000 when you fund a new account within 30 days.

Robinhood

★★★★★

Finder rating 4 / 5

Go to site

---

Available asset types

Stocks, Options, ETFs, Cryptocurrency

---

Stock trade fee

$0

---

Minimum deposit

$0

---

Complete signup bonus

Get a free stock when you successfully sign up and link your bank account.

How we rate trading platforms

★★★★★5/5 — Excellent

★★★★★ 4/5 — Good

★★★★★ 3/5 — Average

★★★★★ 2/5 — Subpar

★★★★★ 1/5 — Poor

We analyze top online trading platforms and rate them one to five stars based on factors that are most important to you. These factors include fees, securities available for trade, customer support, customer feedback, platform resources and overall reliability.
For a complete breakdown of how we score each category, read the full methodology of how we rate trading platforms.