eToro
Social investing platform with copy trading and crypto.
Last reviewed: March 2026
out of 10
eToro has a large user base and a genuinely unique copy trading product, but the 1.5% FX spread makes it expensive for long-term ETF investors. On a €10,000 investment in a USD-denominated asset that's €150 gone before the market moves. For copy trading or crypto, it has a strong product. For passive ETF investing, it's not the recommendation.
Right for you if…
- Investors interested in copy trading — automatically replicating other investors' portfolios
- Those who want crypto, stocks, and ETFs all in one place
- Social investors who value community features and sentiment data
Not right if…
- Long-term passive ETF investors — the FX fees compound significantly over time
- Cost-conscious investors comparing total annual costs carefully
- Those wanting the widest European ETF selection
Fee Breakdown
Applied on non-USD base currency deposits
After 12 months inactivity
The zero-commission headline is accurate, but the 1.5% FX spread is the real cost. A European depositing in EUR and buying a USD-denominated asset loses 1.5% immediately. For EUR-denominated UCITS ETFs this is avoided, but eToro's EUR ETF selection is limited.
1.50% of €2,400 invested/year at eToro
Pros and Cons
What works
Copy trading is genuinely unique — automated replication of verified experienced traders
Large active community with useful portfolio sentiment data
Wide crypto selection alongside traditional assets
Clean, accessible interface that works well for new users
What doesn't
1.5% FX spread on EUR/USD is among the highest in European retail brokerage
ETF selection is narrower than DEGIRO or Interactive Brokers
$5 withdrawal fee — small but present on every withdrawal
CySEC regulation for EU users — €20,000 investor protection
$10/month inactivity fee after 12 months without login
Safety & Regulation
Regulated by FCA (UK), CySEC (Cyprus for EU), and ASIC (Australia). Operating since 2007 with substantial venture backing. EU user protection is €20,000 under the ICF.
Platform Experience
The platform is genuinely well-designed for social features. Copy trader discovery, portfolio feed, and community statistics are polished. Research on individual assets is present but not as deep as Interactive Brokers.
Tax Reporting
eToro provides account statements but tax reporting quality has historically been inconsistent. Investors with complex tax situations should verify all data independently.
Available In
eToro FAQ
Regulated by FCA (UK), CySEC (Cyprus for EU), and ASIC (Australia). Operating since 2007 with substantial venture backing. EU user protection is €20,000 under the ICF.
The zero-commission headline is accurate, but the 1.5% FX spread is the real cost. A European depositing in EUR and buying a USD-denominated asset loses 1.5% immediately. For EUR-denominated UCITS ETFs this is avoided, but eToro's EUR ETF selection is limited.
eToro is available in: NL, DE, FR, ES, BE, IT, PL, SE. Availability may change — check eToro's website for the latest.
Investors interested in copy trading — automatically replicating other investors' portfolios. Those who want crypto, stocks, and ETFs all in one place. Social investors who value community features and sentiment data.
How It Compares
Open a eToro account
Regulated broker. Takes 5–10 minutes to sign up.
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This review reflects Etfora's editorial assessment based on publicly available fee data. Fees may change — verify current rates on eToro's website before opening an account. Not financial advice.