ETORO
FULL REVIEW 2026
Overview
eToro, founded in 2007, is the largest social-trading platform in retail finance — 30M+ registered users, regulation from the FCA, CySEC, ASIC and others, and a genuinely beginner-friendly proprietary platform covering CFDs, real stocks, ETFs and crypto. It pioneered copy trading and remains the brand most new traders meet first.
What it is not: a MetaTrader broker. There is no MT4, no MT5, no cTrader — only eToro's own web and mobile platform. Forex spreads start around 1.0 pip on EUR/USD and run to ~2.0 on GBP/USD, wider than every raw broker we list. Non-trading costs add up: a $5 withdrawal fee on USD accounts, $10/month inactivity after a year, and 0.5% currency conversion on non-USD funding.
Minimum deposit starts around $50 in many regions (varies). US clients get real stocks and crypto — CFDs are banned in the US, so no forex or index CFDs there.
Key Information
The firm
Cost of a trade
Leverage is shown as the retail cap set by the named regulator. A different group entity may offer more offshore, and a wholesale client may legitimately be offered more again.
Pros & Cons
| What works | |
|---|---|
| ✓ | The most beginner-friendly regulated platform in retail trading |
| ✓ | Multi-asset: CFDs, real stocks, ETFs and crypto in one account |
| ✓ | Strong multi-jurisdiction regulation (FCA, CySEC, ASIC…) |
| ✓ | Low entry from ~$50; commission-free real US stocks |
| What to watch | |
|---|---|
| ✗ | No MT4/MT5 — our signal workflow does not transfer |
| ✗ | FX spreads 1.0–2.0 pips — the widest of any broker we review |
| ✗ | $5 withdrawal fee, $10/mo inactivity, 0.5% conversion fees |
| ✗ | Six-TP management is manual and clunky on the platform |
| ✗ | US clients: no CFDs — our instruments untradeable |
eToro is excellent at its actual job — bringing new people into markets with real stocks, crypto and social features behind serious regulation. As a venue for our signals, it is the wrong tool: the spread alone hands back a meaningful slice of every trade's edge, and there is no MetaTrader.
If eToro is where your money already is, our signals can be traded there manually — just understand the cost. If you are choosing a broker specifically to run our signals, choose a raw-spread MT5 broker.
All 10 Brokers Compared
Every broker we review, side by side. Spread and commission are shown separately because a headline “0.0 pips” means nothing on its own — the commission beside it is what you actually pay. Figures are the raw or ECN account where one exists, checked August 2026.
| Broker | Platforms | Min dep | EUR/USD spread | Commission | Max leverage | Regulator | US | EU |
|---|---|---|---|---|---|---|---|---|
 IC MarketsAustralia · est 2007 | MT4MT5cTTV | $200 | 0.0 pips | $7 RT | 1:30 retail ASIC · 1:500 offshore | ASIC | No | Yes |
 PepperstoneAustralia · est 2010 | MT4MT5cTTV | $0 ▲ | 0.0 pips | $7 RT ($6 cT) | 1:30 retail ASIC · 1:500 offshore | FCA · ASIC · CySEC | No | Yes |
 FP MarketsAustralia · est 2005 | MT4MT5cTTV | $100 | 0.0 pips | $6 RT ▲ | 1:30 retail ASIC · 1:500 offshore | ASIC · CySEC | No | Yes |
 EightcapAustralia · est 2009 | MT4MT5cTTV | $100 | 0.0 pips | $7 RT | 1:30 retail ASIC · 1:500 offshore | ASIC | No | Check |
 TMGMAustralia · est 2013 | MT4MT5cTTV | $100 | 0.0 pips | $7 RT | 1:30 retail ASIC · 1:500 offshore | ASIC | No | Check |
 VantageAustralia · est 2009 | MT4MT5cTTV | $50 | 0.0 pips | $6 RT ▲ | 1:30 retail ASIC · 1:500 offshore | ASIC | No | Yes |
 XMCyprus · est 2009 | MT4MT5cTTV | $5 | 0.6 pips | None | 1:30 retail CySEC · 1:1000 offshore | CySEC · ASIC | No | Yes |
 IGUnited Kingdom · est 1974 | MT4MT5cTTV | ~$0 | 0.6–0.9 pips | None | 1:30 retail FCA | FCA + 7 more ▲ | FX only | Yes |
 Interactive BrokersUnited States · est 1978 | MT4MT5cTTV | $0 | institutional | per notional | 1:50 retail US | SEC · FINRA + 4 ▲ | No | Yes |
| eToro Israel / UK · est 2007 · ● HERE | MT4MT5cTTV | ~$50 | 1.0+ pips | None | 1:30 retail CySEC | FCA · CySEC · ASIC | No CFDs | Yes |
LEVERAGE NOTE: ASIC caps retail CFD leverage at 30:1 on major FX pairs, 20:1 on minor pairs, gold and major indices, and 10:1 on other commodities (Product Intervention Order, in force since 29 March 2021). CySEC and the FCA apply the same 30:1 major-pair cap. Higher figures shown here are offered by these brokers’ offshore entities, which sit outside those regimes and outside the investor-protection schemes that come with them. Check which entity is opening your account before you rely on any leverage figure.
Platforms: a lit chip means the platform is offered. ▲ marks the best figure in that column — on cost, lower is better, and spread and commission must be read together. Maximum leverage is the tier-1 regulated figure — offshore entities of the same brand often advertise more, with weaker protection. “Check” means availability depends on your country of residence and the entity that onboards you, so confirm before funding. Costs move with market conditions; the figure on your own account is the only real one.
WANT STOCKS, CRYPTO AND SOCIAL FEATURES?
eToro does that well. Keep signal execution on MT5.
