Featured partnerSign up to Lightyear and get up to €100 in a free fractional shareCapital at risk, terms apply. Seek guidance if necessary. Claim Up to €100 Capital at risk, terms apply. Seek guidance if necessary. - eToro is a multi-asset platform founded in 2007 and publicly traded on Nasdaq since 2025. Its simple interface and social features can suit newer European investors.
- ETF trades have zero commission. Stock trades can cost $1 or $2 when opening and again when closing, depending on your country and the exchange. Other account and product fees can also apply.
- Currency conversion can be a major cost for EU investors: converting between a local EUR or GBP account and USD costs 0.75%. Deposits or withdrawals in EUR or GBP to or from a USD account generally cost 150 PIPs.
- Eligible whole securities can be transferred, but eToro does not support partial outbound transfers. Fractional shares, copied positions and some unsupported securities cannot be transferred.
eToro is a well-established multi-asset broker offering zero-commission ETF trades, social features, and regulatory oversight across multiple jurisdictions. Stock commissions of $1 or $2 can apply when opening and again when closing, depending on the customer's country and the exchange. Founded in 2007, eToro has been publicly traded on Nasdaq since May 2025.
For European investors, eToro provides a decent platform with several useful features. However, the currency conversion fees present a significant concern that can substantially impact returns over time, particularly for EUR-based investors trading USD assets. This cost structure requires careful consideration before committing to the platform.
For investors who prefer alternatives with lower fees or better EUR support, we also recommend checking out our Lightyear bonus guide or our comprehensive Interactive Brokers review for EU investors. If you are deciding specifically between eToro and Trading 212, see our eToro vs Trading 212 comparison.
Strengths & drawbacksWhat we like about eToro, and what we don't
After testing eToro across its platform and fee structure, here is how its strengths and limitations stack up for a European investor.
- Publicly traded company. Listed on Nasdaq since 2025, which adds transparency through public reporting.
- Operating since 2007. A long operating history for an online investment platform.
- Zero-commission ETF trades. No eToro commission on ETF trades, although fund costs, market spreads, account fees and CFD charges can still apply.
- User-friendly interface. Clean dashboard with good position tracking and partial position closing.
- eToro Club rewards program. Tiered benefits that grow with your portfolio, including fee reductions at higher tiers.
- Copy Trading features. Follow and replicate the strategies of other investors. Copy Trading does not amount to investment advice and your capital is at risk.
- Currency conversion fees. The main drawback for EU investors, at 0.75% on EUR or GBP to USD conversions.
- Stock commissions can apply. $1 or $2 when opening and again when closing, depending on your country and the exchange.
- Restricted portfolio transfers. Outbound transfers must include all eligible securities. Fractional, copied and some unsupported positions cannot be transferred.
- USD account withdrawal fee. Generally $5 with a $30 minimum. Withdrawals from local currency accounts are free, and Club exemptions can apply.
eToro at a glance
What eToro is known for
eToro has developed a position in the brokerage industry through social trading innovations. The platform pioneered social trading, allowing users to follow and automatically copy the strategies of other investors. This included the copy trading feature, enabling users to replicate the trading strategies of top-performing investors automatically.
The broker focuses on making investing accessible through a user-friendly interface, social features and fractional investing. ETF trades carry no eToro commission, while stock commissions vary by country and exchange and are shown in the trade ticket before confirmation.
The eToro Club loyalty program offers tiered benefits based on the customer's balance. Paid access to Platinum and Platinum+ is also available in supported locations.
Fees and pricing breakdown
eToro's fee structure combines zero-commission ETF trades with country-dependent stock commissions, currency conversion charges, market spreads and product-specific costs. The full, current breakdown is on the eToro fees page.
| Fee type | Cost | Notes |
|---|---|---|
| Stock commission | $0, $1 or $2 | Can apply when opening and again when closing, depending on country and exchange |
| ETF commission | 0% | Fund costs, market spreads, account fees and CFD charges can still apply |
| Account opening | Free | No cost to register |
| Currency conversion (trading) | 0.75% | Between an eligible EU local currency account and USD |
| Deposit & withdrawal conversion | ~150 PIPs (~1.5%) | EUR or GBP via most payment methods |
| Withdrawal fee | Free (EUR/GBP) | Free from local currency accounts; $5 per withdrawal with a $30 minimum from USD accounts |
| Inactivity fee | Free | eToro currently charges no inactivity fee |
| Crypto trading | 0.10% to 1% | Per manual crypto position, tiered by Club level and monthly volume |
| Currency, commodity & index CFDs | Variable eToro fee + market spread | From 10 August 2026, the eToro fee is deducted separately at entry and exit; overnight and weekend fees may also apply |
From 10 August 2026, eToro says CFDs on currencies, commodities and indices will open and close at underlying market prices, with eToro's spread fee deducted separately from the available balance at both entry and exit. The market spread can still affect execution, so the total cost may be lower or higher depending on the instrument. eToro's fee page does not give a complete country or legal-entity rollout, so eligible users should confirm the estimated costs on the trade ticket.
eToro Club tiers start at Silver with a $5,000 balance and run to Diamond at $250,000. For UK and European customers, eToro lists conversion-fee discounts of 20% for Silver and Gold, 40% for Platinum and Platinum+, and 80% for Diamond. Cash interest, premium support and other benefits depend on tier, region and product availability. Paid Platinum or Platinum+ access is also offered in some locations.
SafetySafety and regulation
eToro operates through different regulated entities. eToro's regulation page lists eToro Europe under CySEC investment-firm licence 109/10 and a Cyprus MiCA licence. UK customers use an FCA-regulated entity.
At the beginning of 2025, the company filed for Nasdaq (U.S.) listing and went public on May 14, adding transparency and regulatory oversight as a publicly traded entity.
eToro's long operating history and public-company reporting provide useful transparency, but neither removes investment or counterparty risk. Regulation is a baseline requirement for any regulated broker, not a guarantee against loss, and your capital is at risk.
Protection depends on the entity, product and claim. For eToro Europe customers, eligible claims against products and services authorised under eToro Europe may be covered by the Cyprus Investor Compensation Fund up to €20,000, subject to its rules. UK customers may be eligible for FSCS protection up to £85,000. These schemes do not cover ordinary market losses.
PlatformTrading experience and platform
We find eToro's trading platform reasonably user-friendly, particularly for European investors new to online trading. The interface provides a decent balance between simplicity and functionality.
Account opening process. Registration is completed online, followed by identity and address checks. eToro says verification can take a few days. Proof of address must be dated within the last three months, not six months as this review previously stated.
Platform features
- Clean dashboard with clear portfolio overview
- Detailed position tracking showing individual purchase history
- Ability to close partial positions without affecting entire holdings
- Real-time market data and basic charting tools
- Mobile app with functionality matching the web platform
Trading execution. Order execution is generally reliable during our testing, with reasonable spreads on major assets. The platform handles normal trading volumes adequately, though some delays may occur during extreme market volatility.
We appreciate the platform's position management capabilities. Unlike many brokers, eToro allows you to view your individual purchases separately and close specific lots without affecting your entire position in that asset.
Supported assets and features
eToro offers European investors access to a comprehensive range of investment opportunities:
Asset classes
- Over 6,000 stocks across 20 exchanges platform-wide
- More than 300 ETFs covering various sectors and regions (including popular S&P 500 ETFs, see our guide on S&P 500 investing for Europeans)
- More than 200 cryptoassets platform-wide
- Currency pairs (forex trading)
- Commodities including gold, oil, and agricultural products
- Stock and crypto CFDs (where permitted by regulation)
Key features
- Copy Trading: Follow and automatically replicate strategies of other investors. Copy Trading does not amount to investment advice and your capital is at risk.
- Smart Portfolios: Invest in ready-made portfolios built around themes or strategies.
- Fractional Shares: Buy portions of expensive stocks with as little as $10.
- Dividend Collection: Automatic dividend payments for eligible stock positions.
Market coverage. eToro advertises more than 6,000 stocks across 20 exchanges. The instruments available to you depend on your country, legal entity and product restrictions, so confirm a specific asset in the platform before opening an account.
SupportCustomer support evaluation
eToro provides customer support through multiple channels, though response times can vary based on inquiry complexity and market conditions. Its official support page states that customer service is available 24/6.
Support channels
- Customer service available 24/6 across multiple time zones
- Live chat and the Tori AI assistant, subject to availability
- Help Center and logged-in case tracking
- Support in more than seven languages
Support quality. eToro does not promise a standard public response time, so allow extra time for complex account, payment or verification cases. The Tori assistant is informational and eToro warns that its answers can be incomplete or inaccurate.
eToro Club members receive priority support, with platinum-level members and above getting access to dedicated account managers.
Best fitWho eToro is best for
Based on our analysis, eToro suits specific investor profiles, with important caveats around currency costs:
Suitable users
- New European investors seeking a user-friendly introduction to stock market investing
- Social trading enthusiasts interested in learning from and copying other traders
- Investors comfortable with USD-denominated portfolios who can minimize conversion frequency
- Moderate portfolio sizes ($5,000+) who can access eToro Club benefits and fee reductions
Consider alternatives if
- You primarily want to invest in EUR-denominated assets
- You plan to make frequent deposits or withdrawals
- You're sensitive to ongoing conversion costs impacting returns
- You need partial outbound transfers or must move fractional or copied positions
Growing portfolios. The eToro Club program can provide some relief from conversion costs for larger portfolios, as higher tiers receive conversion fee discounts of up to 80%.
CaveatsThings to be aware of
Several limitations require consideration before choosing eToro:
Portfolio transfer restrictions. eToro Europe's terms support transfers of eligible whole securities on a best-efforts basis, but important limits apply. You can only request to transfer out all eligible securities, not a partial selection. Fractional shares may be liquidated, while positions held through CopyTrader or Smart Portfolios and some unsupported securities cannot be transferred. The account is restricted from opening positions, depositing or withdrawing while an outbound transfer is processed.
For investors who want to track portfolios across multiple brokers, our reviewed Delta Portfolio Tracker can consolidate supported holdings from eToro and other brokers in one view.
Currency conversion impact. The most significant consideration for European investors is eToro's currency conversion structure. While the platform offers useful features, the conversion costs can accumulate substantially over time.
For Europeans using a local EUR or GBP account to fund USD-denominated assets, eToro lists a 0.75% conversion fee between the local account and USD. Deposits or withdrawals in EUR or GBP to or from the USD account generally carry a 150 PIP conversion charge. Local currency account availability, payment methods and Club discounts vary.
Limited EUR/GBP options. While eToro has introduced local currency trading for some assets, the selection remains limited compared to USD offerings. Many popular international ETFs and stocks still require currency conversion.
VerdictFinal verdict
eToro offers a solid choice for European investors seeking a user-friendly broker with social trading features. The platform's 18-year track record, public company status, and features like the eToro Club program provide value for many investors.
We can recommend eToro for its user experience, social trading features and zero-commission ETF trades. Stock investors must check the trade ticket because a $1 or $2 commission can apply at both opening and closing, depending on their country and the exchange.
However, the currency conversion costs are a significant concern that European investors must factor into their decision. For investors primarily trading USD assets or making frequent transactions, these fees can meaningfully erode returns over time.
Serious consideration should also be given to the portfolio transfer limitations. Investors who need partial outbound transfers, or who expect to move fractional or copied positions, may prefer alternatives like Lightyear or Interactive Brokers, both of which we've thoroughly reviewed for different investor profiles.
eToro provides good functionality and features, but the currency conversion fee structure creates ongoing costs that limit its appeal for many EU investors.
Getting startedHow to open an eToro account
Frequently asked questions
eToro Europe says it will use best efforts to support transfers of eligible securities to an account in your name at another broker. Outbound requests must include all eligible securities, not a partial selection. Fractional shares, CopyTrader or Smart Portfolio holdings, and some unsupported securities cannot be transferred. Your account is also restricted during an outbound transfer.
eToro lists a 0.75% fee for conversions between an eligible local currency account and USD. Deposits or withdrawals in EUR or GBP to or from a USD account generally cost 150 PIPs. Costs vary by payment method, location and Club level. For UK and European customers, Club discounts are 20% for Silver and Gold, 40% for Platinum and Platinum+, and 80% for Diamond.
eToro Club tiers start at Silver with a $5,000 balance and progress to Diamond at $250,000. Benefits can include conversion-fee discounts, cash interest in eligible regions, premium support and event access. Some locations also offer paid access to Platinum or Platinum+. Benefits and availability vary by country.
eToro Europe is regulated by CySEC under licence 109/10, while UK customers use an FCA-regulated entity. Eligible claims against products and services authorised under eToro Europe can be covered by the Cyprus Investor Compensation Fund up to €20,000, subject to its rules. Protection depends on the legal entity, product and claim, does not cover normal investment losses, and is not a guarantee that you will not lose money.
ETF trades carry zero eToro commission. Stock trades can incur a $1 or $2 commission when opening and again when closing, depending on your country and the exchange. Market spreads, currency conversion, taxes and account fees can still apply. Leveraged, short and some restricted stock or ETF positions are CFDs with a different fee structure.
The first-deposit minimum depends on your country and is shown during registration. eToro says later deposits generally require at least $50, or $500 by wire transfer. Check the deposit screen because local payment methods and limits vary.
Yes, eToro automatically collects and distributes dividends for eligible stock positions. Dividend payments appear in your account balance and can be reinvested or withdrawn according to your preference. This makes eToro suitable for dividend-focused investment strategies.
eToro stands out for user experience and social trading features but faces competition from brokers with lower fees and better EUR support. For comprehensive broker comparisons, see our detailed reviews of Interactive Brokers for EU investors and Lightyear. To track holdings across multiple brokers, consider using Delta Portfolio Tracker alongside your chosen platforms.
Featured partner: Capital at risk. Provider of the investment services is Lightyear Europe AS for the EU. Terms apply: lightyear.com/terms. Seek qualified advice if necessary. This is not investment advice. Sponsored Link.
