eToro review 2023
- Stock trade fee
- $0
- Minimum deposit
- $0
- Complete signup bonus
- FINDER EXCLUSIVE: Get a guaranteed $25 bonus when you sign up and deposit $100
Our verdict
eToro is a robust trading platform with appealing features for beginner to advanced traders.
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.
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Access 20 cryptocurrencies.
Cons
-
Not available in NY, NV, MN and HI.
-
Limited account types.
Finder exclusive bonus with eToro
- Get a guaranteed bonus of $25 when you sign up and deposit $100
- $0 stock trading fee
- Winner for Best Trading Platform for Beginners
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Finder is not an adviser or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.
How we rated eToro’s features
| Fees | ★★★★★ | Commission-free trades on stocks, ETFs and options, and no withdrawal fees. |
| Available securities | ★★★★★ | Stocks, ETFs, options and cryptocurrencies. |
| Customer support | ★★★★★ | You can only reach out to customer support on live chat or via ticket. |
| Mobile app | ★★★★★ | Some mobile app users commend the app’s simplicity, while others claim the interface is clunky and unintuitive. |
| Research and tools | ★★★★★ | Advanced charting capabilities, discussion boards and TipRanks-powered research. |
| Reliability | ★★★★★ | No major outages have been reported. |
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.
What you can trade on eToro
- Stocks
- ETFs
- Options
- Crypto — for more information about the fees and features of trading crypto on eToro, check out our full eToro crypto review.
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.
eToro has further expanded its social trading features through a recent partnership with Twitter. Announced on April 13, 2023, the partnership will enable Twitter users to not only instantly see real-time prices of stocks, crypto and other assets when using Twitter’s new $Cashtags feature but also click through to the eToro platform to see more information on the asset and have the option to invest.
What Matt thinks about eToro
eToro's unique social trading features let you collaborate with other investors and quickly put investment discussions into action. Its CopyTrader feature, though only currently available for crypto, takes this a step further and lets you automatically copy the trades of other investors. It's a unique take on automated investing and it's a feature that sets eToro apart from the competition. We hope to see it available to stock and ETF traders soon.
— Matt Miczulski, Editor, Investments.
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
| Minimum deposit | $0 |
| Annual fee | $0 |
| Stock and ETF trading fees | $0 |
| Options trading and per contract fees | $0 |
| Crypto trading fees | 1% for buying or selling crypto |
| Withdrawal fee | $5 (minimum withdrawal amount of $30) |
| Inactivity fee after 12 months | $10 per month will be deducted from the remaining balance |
| Domestic wire transfer | $8 incoming, $25 outgoing |
| Returned check, ACH or stop wire transfer fees | $30 |
| Outgoing account transfer fee | $75 (check if your new broker will cover this fee) |
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 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 app reviews
| Google Play app reviews | 4.1/5 stars based on 127,000+ reviews |
| Apple App Store app reviews | 4.2/5 stars based on 5,400+ 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
- Click the “Sign up now” button below and click “Get started”.
- Enter your username, email and password and select Create Account. Alternatively, use your Facebook or Google login credentials to sign up.
- Verify your email, which will bring you to your account page. Then hit Verify to confirm your account.
- Complete your profile by entering the required personal information, including your name, date of birth, address and Social Security number.
- Deposit funds via PayPal, debit card, bank account or wire transfer to begin trading.
Eligibility and required information
- At least 18 years old
- Valid phone number and residential and email address
- Live in any state other than NY, NV, MN, or HI
- Existing bank to fund your account
- Valid Social Security number
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.
Compare eToro to other platforms
eToro
★★★★★
Finder rating 4.2 / 5
Available asset types
Stocks, Options, ETFs, Cryptocurrency
Stock trade fee
$0
Minimum deposit
$0
Complete signup bonus
SoFi Invest®
★★★★★
Finder rating 4.6 / 5
Available asset types
Stocks, Options, ETFs, Cryptocurrency
Stock trade fee
$0
Minimum deposit
$0
Complete signup bonus
Get up to $1,000 in stock when you fund a new account within 30 days.
tastytrade
★★★★★
Finder rating 4.8 / 5
Available asset types
Stocks, Options, ETFs, Cryptocurrency, Futures
Stock trade fee
$0
Minimum deposit
$0
Complete signup bonus
Get $100-$5,000 when you open and fund an account with $5,000 to $1,000,000+
How we rate trading platforms
★★★★★5/5 — Excellent
★★★★★ 4/5 — Good
★★★★★ 3/5 — Average
★★★★★ 2/5 — Subpar
★★★★★ 1/5 — Poor
For a complete breakdown of how we score each category, read the full methodology of how we rate trading platforms.
Frequently asked questions
Your reviews
Matt Finder
Editor, Investments
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