Broker review · 2026
eToro review 2026
The original social trading network with CopyTrader.
eToro is the best-known social trading platform. Its CopyTrader feature lets you automatically mirror other investors, and one account covers stocks, ETFs, crypto and CFDs on forex. Forex spreads are higher than specialists, and there is no MetaTrader.
Pros
- Market-leading copy trading
- Very easy to use for beginners
- Stocks, ETFs, crypto and forex in one account
- Listed on NASDAQ since 2025
Cons
- Forex spreads are wider than ECN brokers
- $5 withdrawal fee and currency conversion fees
- No MT4/MT5; forex not available to US clients
eToro overview
eToro launched in 2007 and popularised social trading. Today it has tens of millions of registered users and listed on NASDAQ in 2025. Forex is one part of a broad multi-asset offering.
Is eToro safe and regulated?
eToro is regulated by the FCA, CySEC, ASIC and other authorities. In the US, eToro offers stocks and crypto but not forex.
Tier-1 regulators are shown in bold. Always confirm the licence on the regulator’s own register.
eToro spreads and fees
EUR/USD spreads are typically around 1.0 pips with no commission. Accounts are USD-denominated, so non-USD deposits may incur conversion fees, and withdrawals cost $5.
| Account | EUR/USD spread | Commission (round turn) | Cost per lot |
|---|---|---|---|
| Standard | 1.0 pips | $0 | $10.0 |
Trading platforms
eToro uses its own web platform and app. It is simple and social, with feeds, popular investor profiles and Smart Portfolios, but lacks the advanced tools of MetaTrader.
How eToro scores
- Trust & regulation 30%
- 4.5
- Fees & spreads 25%
- 3.6
- Platforms & tools 15%
- 4.1
- Markets & range 10%
- 4.4
- Ease of use 10%
- 4.8
- Research & education 10%
- 3.8
Verdict
Choose eToro if copy trading or multi-asset investing is your priority. For pure forex cost, look at Pepperstone, IC Markets or Exness.
Open an account with eToroYou will be taken to etoro.com.
eToro FAQ
Can you trade forex on eToro?
Yes, as CFDs in most regions. Forex is not available to eToro US clients.
What is the eToro minimum deposit?
The minimum first deposit is $50 in most countries; it can be higher in some regions.
Is eToro good for beginners?
Yes. Its simple app, demo account and CopyTrader make it one of the most beginner-friendly brokers.
Is eToro good for beginners?
Yes. eToro scores 4.8/5 for ease of use in our testing, with a $50 minimum deposit.