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

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.

Spreads & Trading Costs

eToro charges a spread and no separate commission on CFDs. Every spread and charge is shown on the trade ticket before you confirm it, which is a genuine transparency advantage over brokers that make you find the schedule.

EUR/USD — typically around 1 pip. That is roughly a pip wider than a raw account once commission is counted on the other side, and it is the number that decides whether eToro suits you. On a handful of swing positions a month it is immaterial. On frequent FVG fills it compounds into a real drag.

Non-trading charges: withdrawals from a USD account cost a flat $5, with a $30 minimum; withdrawals from a local-currency account (GBP, EUR or DKK, depending on your country) are free and carry no minimum. Overnight funding applies to leveraged positions, charged on weekdays with a weekend adjustment.

Currency conversion is the cost most people miss. If your account is denominated in USD and you fund it in another currency, you pay a conversion charge on the way in and again on the way out. Opening in your local currency where eToro offers it avoids that entirely.

Figures taken from eToro's own published pages and captured 24 September 2026. Spreads are variable and every broker quotes its tightest number; treat a “from” figure as a floor, not an average. eToro's dormancy fee changed during 2026 and the current position could not be confirmed on eToro's own fee page at the capture date: CANNOT VERIFY — check it before you leave an account idle.

Platforms & Execution

Platforms: eToro's own web and mobile platform, and nothing else. There is no MetaTrader 4, no MetaTrader 5 and no cTrader — an earlier version of this page listed all three plus TradingView. That was wrong throughout.

What it means for our signals: you would be reading our levels and entering them by hand. No Expert Advisor, no automation, no bridge. The whole Quant side of this operation assumes MetaTrader; on eToro it simply does not run. For the FVG book, where you are placing a handful of discretionary orders against published levels, manual entry is workable.

Why the platform is built this way: eToro declined MetaTrader deliberately. CopyTrader and Smart Portfolios are social features MetaTrader cannot host, and those features are the product. It is a coherent choice — it is just a different product from the rest of this page.

Execution: eToro is the counterparty on CFD trades. No average fill-speed figure is published, so none is quoted here.

Figures taken from eToro's own published pages and captured 24 September 2026. Spreads are variable and every broker quotes its tightest number; treat a “from” figure as a floor, not an average. Account currency options and available features differ by entity and country of residence.

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 Markets Australia · est 2007	MT4MT5cTTV	$200	0.0 pips	$7 RT	1:30 retail ASIC · 1:500 offshore	ASIC	No	Yes
Pepperstone Australia · est 2010	MT4MT5cTTV	$0 ▲	0.0 pips	$7 RT ($6 cT)	1:30 retail ASIC · 1:500 offshore	FCA · ASIC · CySEC	No	Yes
FP Markets Australia · est 2005	MT4MT5cTTV	$100	0.0 pips	$6 RT ▲	1:30 retail ASIC · 1:500 offshore	ASIC · CySEC	No	Yes
Eightcap Australia · est 2009	MT4MT5TVTL	$100	0.0 pips	$7 RT	1:30 retail ASIC · 1:500 offshore	ASIC	No	Check
TMGM Australia · est 2013	MT4MT5IRS	$100	0.0 pips	$7 RT	1:30 retail ASIC · 1:500 offshore	ASIC	No	Check
Vantage Australia · est 2009	MT4MT5TVPT	$50	0.0 pips	$6 RT ▲	1:30 retail ASIC · 1:500 offshore	ASIC	No	Yes
XM Cyprus · est 2009	MT4MT5APP	$5	0.6 pips	None	1:30 retail CySEC · 1:1000 offshore	CySEC · ASIC	No	Yes
IG United Kingdom · est 1974	MT4MT5TVPRT	~$0	0.6–0.9 pips	None	1:30 retail FCA	FCA + 7 more ▲	FX only	Yes
Interactive Brokers United States · est 1978	TWSIBDAPI	$0	institutional	per notional	1:50 retail US	SEC · FINRA + 4 ▲	No	Yes
eToro Israel / UK · est 2007 · ● HERE	OWN	~$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.