eToro

eToro Overview

eToro is a pioneering social trading and multi-asset investment platform founded in 2007 in Tel Aviv, Israel by brothers Yoni Assia (CEO) and Ronen Assia, together with David Ring. Originally launched as RetailFX, the company rebranded to eToro and introduced its groundbreaking social trading features in 2010 with the OpenBook platform and CopyTrader™ technology.

As of 2025, eToro has grown to over 40 million registered users and 3.6 million funded accounts across 140+ countries. The company went public on NASDAQ in May 2025 with a valuation of approximately $5.64 billion. Headquarters are in Central Israel, with global offices in London, Limassol (Cyprus), Sydney, New York, and Abu Dhabi.

eToro is regulated by multiple top-tier financial authorities including the FCA (UK), CySEC (Cyprus), ASIC (Australia), FINRA/SEC (USA), FSAS (Seychelles), and ADGM FSRA (UAE). In February 2025, eToro received MiCA (Markets in Crypto-Assets Regulation) authorization from CySEC to offer crypto services across the EU.

Investment Products & Features

Tradable Assets

eToro provides access to a diverse range of financial instruments:

• Stocks: 3,000+ stocks from 20+ global exchanges (US, UK, Europe, Asia)
• ETFs: 250+ commission-free ETFs from iShares, Vanguard, SPDR, and others
• Cryptocurrencies: 100+ crypto assets including Bitcoin, Ethereum, and altcoins
• Forex: 49 currency pairs
• Commodities: 27 commodities including gold, oil, and agricultural products
• Indices: 19 major global indices
• CFDs: Available for most asset classes (not available in US)

Key Features

• CopyTrader™: Automatically replicate trades of successful investors
• Smart Portfolios: Professionally managed thematic investment portfolios
• Social Feed: Community-driven insights and discussions
• Demo Account: $100,000 virtual balance for practice
• Fractional Shares: Invest from as little as $10
• Crypto Staking: Earn rewards on supported cryptocurrencies (not available in UK/US)
• Interest on Balance: Earn up to 3.8% annual interest on uninvested cash
• eToro Academy: Free educational courses, webinars, and market analysis
• eToro Money: Digital wallet and Visa debit card (UK only)

Platform & Technology

eToro operates a proprietary web and mobile platform designed for simplicity:

• User-friendly interface suitable for beginners
• Advanced charting with TradingView integration
• Price alerts and notifications
• Portfolio analytics via Delta app integration
• Two-factor authentication (2FA)
• Biometric login options

Fees & Pricing

Trading Fees

Asset Class	Fee Structure
Stocks	0% commission (market spread only)
ETFs	0% commission
Cryptocurrencies	1% buy + 1% sell (2% round-trip)
Forex	Variable spreads (1-50 pips)
CFDs	Spread-based + overnight fees

Note: A flat fee of $1-$2 per stock trade applies in Australia, New Zealand, Spain, Portugal, Denmark, Finland, Netherlands, Norway, and Sweden.

Non-Trading Fees

Fee Type	Amount
Account Opening	Free
Minimum Deposit	$50-$200 (varies by country)
Withdrawal Fee	$5 per withdrawal
Inactivity Fee	$10/month (after 12 months of inactivity)
Currency Conversion	0.5% (non-USD deposits)

Investor Protection

• UK (FCA): Up to £85,000 via FSCS
• EU (CySEC): Up to €20,000 via ICF
• US: SIPC protection for securities
• Crypto: Up to $1M insurance coverage

Supported Countries

eToro is available in over 140 countries worldwide.

Full Access Regions

Europe: United Kingdom, Germany, France, Spain, Italy, Netherlands, Austria, Belgium, Switzerland, Poland, Sweden, Norway, Denmark, Finland, Ireland, Portugal, Greece, Czech Republic, Romania, Hungary, Bulgaria, Croatia, Slovakia, Slovenia, Estonia, Latvia, Lithuania, Luxembourg, Cyprus, Malta, Iceland, Liechtenstein, Monaco, Gibraltar

Americas: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Mexico, Peru, Uruguay

Asia-Pacific: Australia, New Zealand, Singapore, Malaysia, Hong Kong, Thailand, Vietnam, South Korea, Taiwan, Bangladesh, Philippines

Middle East & Africa: United Arab Emirates, Bahrain, Qatar, Jordan, Kuwait, Oman, South Africa, Mauritius, Seychelles

United States (Limited)

US residents can access eToro for cryptocurrency and stock trading only. CFD trading is not available. US citizens residing outside the United States cannot use eToro.

Restricted Countries

eToro does not accept clients from the following jurisdictions:

Completely Blocked: Afghanistan, Belarus, Central African Republic, China, Congo, Cuba, Ethiopia, Iran, Iraq, Lebanon, Libya, Mali, Nicaragua, North Korea, Palestinian Territory, Russia, Somalia, Sudan, South Sudan, Syria, Venezuela, Yemen, Zimbabwe

Not Available Due to Regulatory Restrictions: Canada, Japan, Turkey, India, Saudi Arabia, Indonesia, Pakistan, most African countries (Nigeria, Kenya, Egypt, Morocco, Ghana, etc.)

Regulation & Licenses

Entity	Regulator	License Number
eToro (UK) Ltd	FCA (UK)	FRN 583263
eToro (Europe) Ltd	CySEC (Cyprus)	109/10
eToro AUS Capital Ltd	ASIC (Australia)	AFSL 491139
eToro USA Securities Inc	FINRA/SEC (US)	Member FINRA/SIPC
eToro (Seychelles) Ltd	FSAS	SD076
eToro (ME) Limited	ADGM FSRA (UAE)	220073

Additional registrations include AMF (France), Bank of Spain, DNB (Netherlands), and OAM (Italy) for crypto services.

Pros and Cons

Pros

• Commission-free stock and ETF trading
• Innovative CopyTrader social trading feature
• Multi-asset platform (stocks, crypto, forex, commodities)
• User-friendly interface ideal for beginners
• Strong regulatory oversight (FCA, CySEC, ASIC)
• Interest on uninvested cash (up to 3.8%)
• Large community of 40M+ users
• Free demo account with $100,000 virtual funds
• Fractional shares from $10 minimum
• MiCA-compliant for EU crypto services

Cons

• 1% crypto fee is higher than dedicated exchanges (2% round-trip)
• $5 withdrawal fee
• $10/month inactivity fee after 12 months
• 0.5% currency conversion fee for non-USD
• CFD trading not available in US
• Limited advanced trading tools compared to professional platforms
• Crypto staking not available in UK and US
• Some countries face product restrictions
• SEC settlement ($1.5M) in 2024 for unregistered broker activities

Target Users

eToro is best suited for:

• Beginner Investors: Intuitive platform with educational resources
• Social Traders: Those who want to copy successful investors
• Passive Investors: CopyTrader and Smart Portfolios for hands-off investing
• Diversified Portfolios: Access to multiple asset classes in one platform
• Crypto Beginners: Simple crypto trading with regulated custody
• Long-term Investors: Commission-free stocks and ETFs
• Global Users: Available in 140+ countries with multi-currency support