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eToro: Invest in stocks, cryptos, and social trading

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Key Takeaways

eToro Review: If you're looking for a simple trading platform focused on social trading and copy trading, eToro has some real strengths... but also some "hidden" fees and cautionary points that many discover too late.

number of users on etoro

eToro is an online broker established in 2007, available in over 140 countries, designed for active investors with a focus on short-term trading.

The platform also won the 'Best of Show' award at the Finovate Europe conference in 2011 for its CopyTrading feature.

Here, I'll give you a factual analysis (fees, assets, regulation, customer feedback) + a comparison with popular alternatives in France. By the way, the platform aims to make stock market investing accessible to everyone. eToro is an online broker that allows you to invest in the stock market across various markets.

eToro in 90 seconds: What you're really "buying" (and what you're not)

eToro is a multi-asset social trading platform: stocks, ETFs, cryptocurrencies, and also derivatives (CFDs) depending on the markets. eToro is an online broker that provides access to the stock market and allows investing in numerous financial markets, making online investing easier for all types of investors. eToro offers over 7,000 assets for trading, including 265 ETFs mainly from iShares, SPDR, and Vanguard, allowing investment in a wide range of securities offered by eToro.

🚨 Important point: The eToro experience mixes "classic" investment (buying with underlying assets) and more speculative trading (CFDs + leverage), with a wide variety of products offered by eToro, such as stocks, ETFs, indices, cryptocurrencies, and other financial instruments. This is often where beginners get it wrong.

cta for etoro to sign up

Another point for the French: eToro does not offer a PEA, so no associated tax advantage.

eToro in brief 🧾

🧾 eToro in brief
🔎 Topic ✅ What's Cool ⚠️ To Watch Out For 🎯 For Whom
🧠 Positioning social trading + simple interface may encourage "trading for fun" curious beginners, intermediates
💼 Products stocks/ETFs/crypto + CFDs possible confusion "stock vs CFD" profiles wanting everything in one place
🌍 Currencies USD accounts + EUR/GBP options depending on region conversion fees depending on case investors who manage currency well
🇫🇷 Taxation securities account no PEA (as of now) those who don't care / beginners

Is eToro reliable and secure? Regulation + fund protection

Regarding reliability, eToro is a regulated company: entities supervised by CySEC (Europe), FCA (UK), and ASIC (Australia), depending on your country/residence. eToro is a regulated online broker registered with the AMF as a digital asset service provider, which enhances security and trust for investors.

Regarding fund security, eToro explains that it keeps clients' money in segregated accounts (separate from its own funds), which limits risk in case of company issues. Additionally, eToro has insurance with Lloyd’s of London to protect clients' funds up to 1 million euros in case of bankruptcy.

Finally, if you're classified as "retail" (individual), eToro indicates a negative balance protection: in short, you're not supposed to lose more than you have in the account, even if a market moves very quickly.

Regarding data security, eToro uses the SSL encryption protocol to secure information related to clients' funds.

etoro stock price on Nasdaq

Last "financial transparency" signal: eToro is listed on Nasdaq (ETOR) and publishes results (investor relations + press releases).

Finally, eToro obtained the MiCA license in February 2025, allowing it to offer its services in all European countries.

eToro fees: where it stings (and where it's OK)

eToro has a "simple on paper" fee structure, but it heavily depends on your usage (long-term stocks, crypto, CFDs, conversions, inactivity).

Note: eToro charges $5 for each withdrawal, with a minimum withdrawal amount of $30. Additionally, inactivity fees of $10 per month apply if the account is not used for more than 12 months.

fees and charges of an etoro account

Regarding spreads, they vary depending on the products. For example, spread fees on CFDs can vary, with a spread of 0.15% on stock CFDs.

For currency conversion, conversion fees from EUR to USD are 1.5% for card deposits and 0.5% for bank transfers.

Finally, for investment products like ETFs or the Retirement Savings Plan (PER), it's important to consider management fees. The annual management fees for eToro's PER range from 0.5% to 0.8%, impacting long-term profitability.

Key fees at eToro 💸 (to know BEFORE)

💸 Key fees at eToro (to know BEFORE)
💰 Fee Type How Much? When Does It Apply? 🧠 Quick Read
🧾 Opening / Management 0 account pretty clean
🏧 Withdrawal 0 or $5 free from EUR/GBP accounts to external bank; $5 from USD account small but frustrating if you withdraw often
💤 Inactivity $10/month if no login for 12 months the classic "forgotten account" trap
🇺🇸 Stocks $1 or $2 opening and closing (depending on country & market) "no-fee stocks" is no longer true everywhere
🪙 Crypto 1% on purchase + sale clear, but adds up quickly if you go back and forth
🔁 Conversion variable depending on payment method, country, Club level to anticipate if you're not in USD
📲 Transfer to wallet 2% crypto transfer to eToro Money crypto wallet important if you want to move your cryptos out

Competitive spreads? eToro reminds that the "spread" is the market one (bid/ask) and varies depending on liquidity/volatility; it's especially critical at night/outside "normal" hours.

What assets are available on eToro?

In practice, you'll find (at least):

  • 📈 stocks and ETFs (depending on assets/countries)
  • 🪙 cryptocurrencies
  • 🌍 currencies (FX), indices, commodities
  • ⚙️ derivatives (CFDs) for certain uses

The products offered by eToro include nearly 50 currency pairs and over 100 cryptocurrencies available for direct purchase, highlighting the diversity and richness of eToro's offering.

If you want a simple "diversification" logic: eToro scores points, but always check if you're buying the underlying or a CFD (and thus with different fees/risks).

What are the downsides of Etoro?

  • 💱 Possible conversion fees depending on currency/payment/Club level.
  • 💤 $10/month after 12 months without login (if balance available).
  • 🏧 Withdrawal: free from EUR/GBP accounts to an external EUR/GBP account, but $5 from a USD account to an external account.
  • 🪙 Crypto: "simple" fees but quickly heavy if you go back and forth (and 2% if you transfer from the broker to the eToro Money wallet).
  • 🇫🇷 For France: no PEA at eToro (so no associated tax advantages).

What is the minimum deposit on eToro?

discover and invest on eToro

It varies by country, but the most common rule: $50 (and bank transfer deposits must be at least $500).

💡 Suggestion: start with the demo account, then make a small deposit + a small withdrawal to validate conversion/fees/timelines before putting in a more serious amount.

Social Trading & CopyTrader: the best... and the classic trap

The heart of eToro is copy trading: you can automatically replicate other investors' positions via CopyTrader.

It's important to note that copy trading is not investment advice; this feature allows you to copy other traders' strategies, but each user must remain attentive to risk management and the speculative nature of these activities.

ranking of traders to copy on etoro

And you also have eToro's thematic portfolios ("Smart Portfolios"), designed for the long term, with a minimum investment often at $500 (and more for certain types). eToro also offers a Popular Investor program that allows traders to earn money when they are copied by other users.

But eToro also issues a clear reminder: copying people (even "top" ones) remains risky, as their goals, level, or risk-taking may not align with yours.

Mini-check (without the fluff) before copying someone:

  • 📅 long history (not 2 "lucky" months)
  • 🧯 consistent risk (score/volatility)
  • 🧺 diversified portfolio
  • 🧍 alignment with your horizon (1 year ≠ 10 years)

Finally, eToro's social trading platform works like a real social network where users can interact, follow other traders, and exchange information on investment strategies.

eToro demo account: REALLY use it (especially if you're starting)

sign up for an eToro demo account

eToro offers a demo account credited with $100,000 in virtual funds to test the platform and your skills.

It's useful for testing:

  • currency conversion (and its impact)
  • orders (stop loss / take profit)
  • copy trading without stress
  • the difference between stock vs CFD

Customer service + online reputation: what users say

etoro reviews - online chat

On the support side, eToro indicates operation via chatbot + tickets, and live chat during announced hours (often 24/5 during the week on certain help pages).

On the online reputation, Trustpilot shows a rating of around 4 stars with a large volume of reviews (to be interpreted with caution: mix of countries + products + expectations).

Here are the user feedbacks: recurring themes 🧠

🧠 User feedback: recurring themes
Theme 📌 👍 Positive (often) 😬 Negative (often) 🎯 My Conclusion
📱 Mobile Experience simple interface bugs/latency at times OK for investing, less for "scalping"
💸 Withdrawals clear process $5 fees / perceived delays test early with a small withdrawal
🧑‍💻 Support live chat appreciated frustration on complex cases ticket + patience required
🪙 Crypto simplicity total cost (1% + spread + wallet transfer) avoid hyperactivity

Points to watch out for (especially for beginners): the 5 most common traps

  1. Leverage via CFDs: it amplifies gains AND losses, very quickly. Leverage can increase or decrease the value of your investment, meaning you could make significant gains but also suffer equally significant losses.
  2. Conversion fees: if you deposit/buy in a different currency, the impact can be real.
  3. Inactivity: a forgotten account can cost you.
  4. Crypto: 1% going in + 1% coming out, and 2% if you transfer to the eToro Money wallet. There is a high risk of losing all or part of your capital, and many retail investors lose money trading CFDs or cryptocurrencies.
  5. French Taxation: no PEA, and depending on sources, some practical elements (like tax documents) may require more organization on the investor's side.

As retail investors, you could lose your entire investment, and the amount invested in each position should be chosen carefully to limit potential losses. Retail investor accounts often lose money, so it's essential to understand the risks before investing.

Trading risks (to keep in mind) ⚠️

If you're starting, the number one danger ⚠️ is confusing "investing" with "playing." CFDs + leverage + night trading can make you overreact to fluctuations, especially when spreads widen and liquidity drops.

eToro: scam or not?

Calling eToro a "scam" isn't consistent with the fact that the platform is regulated (CySEC/FCA/ASIC depending on the entity) and that it details its protection and risk frameworks.

The real "scam" risk is mostly:

  • fake advisors posing as eToro
  • ads/WhatsApp/Telegram promising unrealistic returns
    The simple rule: only go through official channels and never send funds to an "intermediary."

eToro vs Trade Republic (and others): which one for which profile?

Quick comparison (France) 🥊

🥊 Quick comparison (France): 6 criteria that quickly decide
Criterion 🧭 eToro 🟢 Trade Republic 🟣 DEGIRO 🟠 XTB 🔵
👥 Social trading / copy trading yes no no mostly no
💶 Visible "simple" fees average (depending on case) €1 per trade (excluding plans) variable + calculator depends on markets
🔁 DCA / scheduled investments yes (recurring) yes (savings plans) depending on products depending on offers
🇫🇷 PEA no no no yes (PEA launched in 2025)
🪙 Crypto yes yes (depending on country) limited limited depending on country
🎯 Profile beginner + social long-term "simple" fee-sensitive investors France/PEA + trading

My opinion "profile by profile" (without selling dreams)

  • If you want copy trading + a simple interface: eToro makes sense, provided you manage the fees + risk.
  • If you want to do DCA on ETFs with an ultra-simple model: Trade Republic might be more straightforward.
  • If you want to optimize French taxation: aim for a PEA solution (eToro doesn't offer one as of now).

Verdict: Do I recommend eToro or not?

eToro is a good platform if you want an intuitive experience, lots of assets, and especially social trading (CopyTrader + Smart Portfolios).

But it becomes less appealing if you do a lot of micro-trades, if you're very sensitive to conversion fees, or if you want to build a "France-friendly" portfolio via a PEA. It can still suit retail investors of all styles.

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eToro Club

eToro club membership

This is a special loyalty program for members with a high-balance portfolio, starting from $5,000.

Club members enjoy exclusive benefits based on their membership level, such as cash rewards, discounts on exchange fees, access to a dedicated manager, or exclusive content.

This program offers several perks like zero withdrawal fees, online webinars, and a dedicated account manager.

The higher your capital, the higher your membership level:

  • 👉 Number of levels: Five membership levels: eToro Silver, eToro Gold, eToro Gold, eToro Platinum, eToro Platinum+, and eToro Diamond.
  • 👉 Access conditions: Entry thresholds with a portfolio of $5,000 (Silver) to a portfolio of $250,000 (Diamond).
  • 👉 Status update: Automatic every 24 hours.
  • 👉 Subscription to specialized information: Available from the Platinum level.
etoro reviews

Main Benefits

  • 👉 Personal account manager.
  • 👉 Smart portfolios.
  • 👉 Webinars and educational resources.
  • 👉 No withdrawal fees.
  • 👉 Reduced or waived exchange fees.
  • 👉 Invitations to VIP events.

Pros and Cons of Membership

Membership offers brokerage tools, management tools, webinars, market analysis, and subscriptions to financial publications.

However, the requirements to reach the capital are strict.

For example, the Silver level requires a portfolio of $5,000, while the Gold level requires double that. If the requirements aren't met, the status is lost.

Membership status can be viewed in the user account.

Types of eToro Accounts

Members by portfolio level with eToro Account Types
  • 👉 eToro Silver Broker: Entry threshold of $5,000. Access to smart portfolios, participation in webinars, services of a customer success agent.
  • 👉 eToro Gold Broker: Entry threshold of $10,000. Exclusive market analysis, access to partner offers, services of a dedicated customer success agent.
  • 👉 eToro Platinum Broker: Entry threshold of $25,000. No withdrawal fees, 50% reduction on exchange fees, free access to premium publications, services of a customer success agent.
  • 👉 eToro Platinum+ Broker: Entry threshold of $50,000. No withdrawal fees, 50% reduction on exchange fees, free access to VIP events, access to exclusive online seminars, services of a personal account manager.
  • 👉 eToro Diamond Broker: Entry threshold of $250,000. No withdrawal fees, no exchange fees, access to exclusive VIP events, access to online seminars with financial experts, services of a personal account manager.

It offers many benefits to make the experience more enjoyable and efficient.

However, it's important to remember that each level has its own capital requirements, and the status is updated daily. If the requirements aren't met, the current status is lost in this regard.

Security and Privacy

Security and privacy are crucial aspects for any online platform.

eToro, one of the most popular platforms, is no exception and takes several measures to ensure security.

etoro reviews - security

Regulations and Supervision

  • 👉  eToro is regulated by several international financial authorities, including the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities & Exchange Commission (CySEC), registered with the AMF.
  • 👉 These regulations contribute to eToro's credibility and ensure that the platform complies with international security and privacy standards.

Protection of Information and Funds

  • 👉 Users' sensitive information and funds are protected and stored in tier 1 banks in Europe.
  • 👉 This is particularly important as many retail investor accounts lose money when trading CFDs, cryptocurrencies, or other financial assets.

Risks Related to Cryptocurrencies

  • 👉 Despite eToro's efforts to protect users' information and funds, cryptocurrency trading still carries a high risk of loss due to the volatile nature of the cryptocurrency market.
  • 👉 eToro does not offer insurance against losses related to cryptocurrency risks in the UK or elsewhere, and due to the lack of regulation in this area, there is no provision for filing a complaint in case of issues.

In summary, eToro makes significant efforts to ensure the security and privacy of its users.

While it is regulated by several international financial authorities and protects users' information and funds, it's important to note that cryptocurrency trading remains risky and is not insured by eToro.

The eToro Mobile App: Trade Anywhere, Anytime

The eToro mobile app is designed to allow users to manage their investments and trade freely, wherever they are and at any time. Available on iOS and Android, it offers a simple and intuitive experience, true to the platform's philosophy: making trading accessible to everyone, whether you're a beginner investor or an experienced trader. With this app, eToro provides a complete solution to follow financial markets, place orders, and interact with the community, all from your smartphone.

eToro app available on Google Play and Apple Store for everyone to invest in the stock market

The user experience on the eToro mobile app is designed to be as simple as it is effective. The interface is clean, with clear menus and features accessible in just a few clicks. Whether you're checking your accounts, placing an order, or analyzing an asset, navigation is smooth and intuitive, even for those new to online trading.

Users particularly appreciate the ability to quickly switch between different sections: markets, portfolio, community, analysis tools... Everything is designed so that managing your accounts is quick and seamless, whether you're at home or on the go. The eToro mobile app allows you to stay connected to financial markets and react instantly to opportunities, without sacrificing ease of use.

How to Open an Account on eToro

etoro reviews

Opening an eToro account takes just a few minutes, but full access (deposits/withdrawals without restrictions) requires a KYC verification due to regulatory obligations.

1. Account Creation (Sign Up)

  • Go to eToro and click on “Join / Trade Now”.
  • Enter your information (email, name, etc.) then choose a strong password.
  • Accept the terms and privacy policy.
  • Confirm the account creation.

2. KYC Verification (to be done from the start)

To start the verification, eToro generally asks for:

  • Proof of Identity (POI): passport or official ID card (valid).
  • Proof of Address (POA): recent document (often < 3 months) like a water/gas/internet bill, or some accepted documents depending on the country.
  • Phone number + some additional information.

⚠️ Common pitfall: the proof of address must be different from your ID (otherwise it will be rejected).

3. Investor Questionnaire (Profile)

eToro asks you to answer a questionnaire (experience, goals, risk tolerance). This helps tailor certain options (especially access to riskier products).

4. Minimum Deposit (What You Need to Know)

The “first deposit” can vary by country. However:

  • Deposits via bank transfer must be at least $500.
  • After the first deposit, deposits are often at least $50 (excluding bank transfers).

Opening Checklist ✅🧾

✅🧾 Opening Checklist: 4 Steps to Avoid 80% of Hassles
Step What You Need Tip
🧍 Identity Passport or ID card Clear photo, valid document
🏠 Address Recent bill / accepted proof < 3 months + different from POI
🧠 Profile Investor questionnaire Answer truthfully: it avoids blocks
💳 Deposit Variable minimum / transfer $500 Start small to test withdrawals

Trading Experience on eToro (Web + Mobile) + eToro Visa Card

eToro focuses on a simple interface (web + app) and social trading: you follow profiles, exchange, and can activate copy trading (CopyTrader).

What the Platform Does Well

  • Clear view of prices + “classic” order placement (market / limit, depending on instruments).
  • CopyTrader: you automatically replicate another investor's positions (no “specific” fees announced for activating the feature, but usual trading fees apply).
  • Access to more speculative products (CFD, leverage) depending on country/profile… but that's also where the risk increases.

Where eToro Is Less “Pro Trader”

  • Fewer advanced tools than some platforms focused on technical trading (complex conditional orders, very detailed charts), depending on your expectations.

The eToro Visa Card: What It's For (and Who It's For)

eToro Visa card

eToro offers a debit Visa card via eToro Money, with availability depending on the country and eToro Club level (progressive rollout).

Key points:

  • Card linked to an eToro Money account (often in EUR or GBP depending on the country).
  • Usable everywhere Visa is accepted (payments + withdrawals), with rules/conditions depending on the region.
  • eToro highlights a “cashback in stocks” offer of up to 4%, with conditions and possible changes.

eToro Visa Card 💳🌍

💳🌍 eToro Visa Card: The Essentials + What to Check
Point Detail Caution
🎫 Eligibility Depends on country + Club level Check the “availability” table
🌍 Foreign Payments Accepted everywhere Visa is accepted Conditions depend on program/zone
🎁 Rewards Up to 4% “back in stock” (depending on offer) Offer subject to change + opt-in

Final Verdict

etoro pillars

After detailed reviews of the eToro Europe ltd platform as a trusted brand, we can say that eToro is a reliable forex broker and the best.

The fact that it doesn't offer too many cryptocurrencies like Bitcoin for trading and investment doesn't prevent it from being effective.

Moreover, the platform offers all the major cryptocurrencies that most traders deal with.

Powerful features such as the unique blend of CFD with crypto trading in the form of CopyPortfolio, CopyTrading, Crypto CopyPortfolio, 'Cryptocurrency', 'Gibraltar Regulatory Verification Process', etc., easily result in a very stable platform for trading and investment in the crypto or stock sphere.

In addition, security features such as registration with the AMF deserve a big thumbs up from us.

However, investors should act diligently and only invest when they can afford to take the risks involved.

They should consider whether to invest according to their financial standards.

Check out my list of the best investment platforms, where we've covered various brokerage platforms suitable for every trader.

FAQ

Is eToro safe for investing?

Yes, eToro Europe Ltd is a well-known brand and a leader in the field of social trading.

Additionally, the company is fully regulated and follows the guidelines of the FCA and CySEC.

Are there any requirements to use eToro?

As long as using eToro is legally allowed in your country, you can use eToro.

Currently, the countries where eToro cannot be used include Canada, Cuba, Japan, North Korea, Iran, Syria, Turkey, Serbia, Albania, Sudan, and others.

See the full list of countries in the eToro account opening section.

What digital assets are available on eToro?

eToro offers a wide range of digital assets, including popular cryptocurrencies like Bitcoin, Ethereum, and more. It's also possible to trade CFDs, stocks, commodities, and other financial assets.

What is the maximum leverage available on eToro?

The amount of leverage available on eToro varies depending on the type of asset you are trading. For example, for stock CFDs, the maximum leverage is 5:1, while for cryptocurrencies like Bitcoin, XRP, or Ethereum, it is 2:1. It's important to note that trading with leverage involves additional risks.

Are there any withdrawal fees on eToro?

Yes, eToro charges a withdrawal fee of $5 for each withdrawal. Additionally, there may be currency conversion fees if you withdraw funds in a currency other than your account's currency.

Is eToro a reliable site?

Yes: eToro operates through regulated entities (e.g., eToro (Europe) Ltd under CySEC, and eToro (UK) Ltd under the FCA). You can check the license numbers directly on the official pages and on the regulators' registers.
Quick security tip: there are also "clone" sites pretending to be well-known brands, so it's always better to go through official channels.

Why am I losing money on eToro?

The most common reason: the market is going down (so your asset decreases), and some products increase risk, especially CFDs with leverage. eToro also reminds that many retail accounts lose money on CFDs (the exact figure depends on the entity/country).
Another frequent cause: making too many trades → spreads + fees (crypto, conversion) eat into performance.

Is it easy to withdraw money from eToro?

Generally, yes, but you need to meet a few conditions: verified account, "withdrawable" funds, and sometimes a minimum (e.g., $30 from a USD account). The timeframes depend on the withdrawal method and security checks.

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