eToro Review

Is eToro a Trusted Forex Broker?

In this eToro Review 2025, we assess the broker’s credibility by using our FX Trust Score Index to evaluate regulatory compliance, security and fund protection measures, customer suppoty, online reputation and trading conditions.

eToro is long-established and widely recognised for its social trading model and strong brand presence. With its recent IPO and expanding financials, we took a fresh look to see if its trust metrics justified a higher rating than we had previously given in 2024.

Introduction to eToro: A Brief Overview

Launched in 2007, eToro began as a social trading pioneer and has evolved into a full-featured multi-asset platform combining forex, stocks, crypto, commodities, ETFs, indices and more. Its emphasis on copy trading is a core differentiator, allowing users to copy strategies of experienced traders.

In May 2025, eToro successfully listed on the NASDAQ, raising its public profile and reporting strong Q2 2025 results, it was reported that assets under administration jumped 54 % to $17.5 billion. The broker is certainly one of the strongest players in the industry.

The eToro platform is available across many global jurisdictions and continues to expand its offering. Gain some more insights below.

Is eToro safe?

Licensing and Regulation

eToro operates under one of the most extensive regulatory frameworks in the industry, holding licences from several top-tier financial authorities across multiple continents. Within the European Union, eToro (Europe) Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC), whilst eToro (UK) Ltd falls under the supervision of the Financial Conduct Authority (FCA) in the United Kingdom.

In Australia, the broker is licensed by the Australian Securities and Investments Commission (ASIC), providing additional assurance for traders in the Asia-Pacific region. eToro also maintains authorisation with the Financial Crimes Enforcement Network (FinCEN) in the United States, as well as a Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS) and approval from the Financial Services Regulatory Authority (FSRA) in the United Arab Emirates.

This broad regulatory footprint strengthens eToro’s credibility and reinforces its reputation as a globally trusted trading platform. By adhering to strict compliance standards across different jurisdictions, eToro ensures robust investor protection, financial transparency, and operational integrity in every region it serves.

Security of Funds & Protection

Client funds are held in segregated bank accounts, separate from eToro’s operational capital. Negative balance protection is available, ensuring traders cannot lose more than their account equity. Under eToro Europe (CySEC regulated), users may be legible for up to €20,000 as part of the Investor Compensation Fund (ICF) in case of insolvency.

As always, protection differs across entities and jurisdictions. Regulation in the U.S. or other offshore entities may not be as extensive as in Europe.

The eToro Trading Platforms

Unlike many traditional brokers, eToro is not integrated with MetaTrader 4 or 5. eToro has invested heavily in developing a proprietary platform with in-built social and retail features. The platform also includes charts, market news, built-in sentiment indicators, and easy trading access.

The core strength is its social/copy trading architecture which gives traders the ability to follow, copy and interact with fellow traders. This feature still remains as one of its signature advantages.

For users seeking advanced charting tools or deep technical analysis, the built-in toolkit may feel limited compared to MetaTrader platforms. But for most traders, it’s intuitive and effective and has the potential to further develop, since the platform is proprietary.

eToro’s Trading Assets

eToro offers an extensive selection of assets. Our research shows it offers over 3,500 stocks, over 290 ETFs, more than 50 cryptocurrencies and a diverse selection of other assets, leading to a total count of over 7,300 tradable instruments.

eToro also recently added access to HKEX-listed stocks for eligible jurisdictions.

Its diversified offering means investors can build broad portfolios under a single roof,  although in some regions, crypto options will be limited by regulation constraints.

Trading Conditions at eToro

Spreads & Commissions

eToro maintains a simple and transparent pricing model designed to make trading accessible to traders of all levels. The broker offers zero-commission on most global stocks and ETFs,  However, traders in certain European regions, including Denmark, Finland, the Netherlands, Norway, Spain and Sweden, are now subject to a small flat fee of between $1 and $2 per stock trade, following recent price updates.

For cryptocurrency trading, eToro applies a 1% fee on both the buy and sell sides, resulting in a total round-trip cost of 2%. While this is higher than some dedicated crypto exchanges, it includes custody and transfer management directly within the platform, offering convenience and simplicity.

Beyond trading costs, several non-trading fees are worth noting. A $5 withdrawal fee applies per transaction and an inactivity charge of $10 per month is levied after 12 months of no login activity. Overnight fees are incurred on CFD positions held open past market close, calculated according to the asset type and position size. Additionally, a 0.5% currency conversion markup applies when converting funds between account currencies.

Leverage

eToro offers different levels of leverage depending on the trader’s location, regulatory status and chosen asset class. Under its FCA (UK) and ASIC (Australia) licences, leverage is capped at 1:30 for major forex pairs, in accordance with regulatory guidelines. Traders dealing in minor currency pairs and gold can access leverage up to 1:20, while individual shares and ETFs are limited to 1:5, not surprising considering the higher volatility of these markets.

For clients registered under eToro’s offshore entity regulated by the Seychelles Financial Services Authority (FSA), higher leverage, reportedly up to 1:400, is available, depending on eligibility and account type. These variations ensure that traders operate within the appropriate risk parameters for their jurisdiction, but also gives advanced traders the flexibility to select higher leverage options where permitted.

eToro’s Customer Support

eToro offers customer support primarily through live chat and ticket-based messaging, available in most regions 24 hours a day, from Monday to Friday.  The live chat option appears once you have logged in and engaged with the help centre pages. 

For more complex issue, such as identity verification, transaction disputes or document submission, users are encouraged to open a support ticket. This route allows uploading attachments and receiving updates via email. eToro states responses can take up to 48 business hours depending on the nature of the issue. 

Naturally, some users find the lack of phone support inconvenient, especially for urgent matters. While eToro’s large online help centre, community forums and chatbot contribute helpful self-service options, this absence of voice support remains a gap.

For jurisdictions such as the U.S., the broker provides a dedicated phone line for financial services queries: 1-888-271-8365 (used for money-transmission concerns) under the eToro USA entity. 

eToro’s support system is robust for general issues and accessible via digital means, but those wishing to call in, will be unable to do so.

The FXTS Verdict: Is eToro a Trusted Broker?

Given eToro’s recent IPO, strong growth metrics and expanding user base, it is an opportune time to revisit its trust rating. In our new evaluation, eToro earns an FX Trust Score Index of 74%, a significant upgrade, reflecting stronger financial standing, regulatory breadth and platform innovation.

Pros: A compelling social trading ecosystem, broad asset selection and a modern, user-centric platform. Its public listing and financial results enhance its institutional credibility.

Cons: Spread costs can be high, especially in volatile markets; the proprietary platform has limited advanced tools; phone support is lacking and U.S. crypto access is restricted following SEC settlement.

To conclude, eToro presents a balanced proposition for traders seeking a regulated, multi-asset platform that supports social and copy trading. 

We completely re-evaluated eToro and hence this 2025 review was fully updated by FX Trust Score on 8th October 2025.