The verdict in 30 seconds
Independent review of eToro, covering regulation, licenses, accounts, spreads, platforms, funding methods, and swap-free account terms.
eToro is regulated through Tier 1, offers eToro Platform, eToro App, spreads from 1 pips, and leverage up to 1:400.
Best for: eToro is best suited for beginner traders and those interested in social and copy trading, given its user-friendly platform and innovative features. It appeals to traders seeking regulated environments (FCA, CySEC, ASIC) and a unified platform for stocks, crypto, and CFDs. The 1-pip spread on major FX pairs and 1:400 leverage make it accessible for small to medium-sized accounts, though the lack of MT4/MT5 support may deter advanced traders.
Look elsewhere if: $5 withdrawal fee on all withdrawals
Regulation & licensing
License status is shown explicitly. Withdrawn or revoked licenses are never hidden.
| Regulator | Full name | Jurisdiction | License number | Tier | Status |
|---|---|---|---|---|---|
| CySEC | Cyprus Securities and Exchange Commission | Cyprus | 109/10 | Tier 1 | Active |
| FCA | Financial Conduct Authority | UK | 583263 | Tier 1 | Active |
| ASIC | Australian Securities and Investments Commission | Australia | 491139 | Tier 1 | Active |
Accounts, spreads & leverage
The spread band is 1 pip on major FX pairs. Maximum leverage depends on the account and regulating entity.
| Account | Minimum | EUR/USD spread | Commission / lot | Execution | Leverage | Swap-free |
|---|---|---|---|---|---|---|
| Standard | $50 | 1 pips | 0 | Market Maker | 1:400 | — |
| Islamic | $50 | 1 pips | 0 | Market Maker | 1:400 | ✓ |
Deposits & withdrawals
Withdrawal timing: Verify the official withdrawal timetable (deposit methods show instant to 3-8 business days, but withdrawal specifics are undisclosed).
| Method | Deposit fee | Withdrawal fee | Processing | Currencies |
|---|---|---|---|---|
| Bank Wire | Free | $5 | 3-8 business days | USD |
| Visa/Mastercard | Free | $5 | Instant | USD |
| PayPal | Free | $5 | Instant | USD |
| Skrill | Free | $5 | Instant | USD |
Trading platforms
Islamic account & our Sharia checklist
Swap-free account: Available.
A swap-free label is not the same as a Sharia-compliance verdict. Check that no overnight interest is charged under another name, replacement fees are fixed rather than interest-linked, leverage terms are understood, and the exact contract is reviewed.
Our factual note: eToro offers an Islamic account with swap-free implementation disclosed as available. However, the broker does not provide detailed terms or conditions for this feature, and swap-free availability alone does not confirm religious compliance. Traders must verify the official terms to assess alignment with their requirements.
Who eToro is for
eToro is best suited for beginner traders and those interested in social and copy trading, given its user-friendly platform and innovative features. It appeals to traders seeking regulated environments (FCA, CySEC, ASIC) and a unified platform for stocks, crypto, and CFDs. The 1-pip spread on major FX pairs and 1:400 leverage make it accessible for small to medium-sized accounts, though the lack of MT4/MT5 support may deter advanced traders.
- Pioneer in social and copy trading — follow top traders
- Trade real stocks and crypto alongside CFDs
- User-friendly platform — excellent for beginners
- Regulated by FCA, CySEC, and ASIC
Who should look elsewhere
No broker fits everyone. Consider another option if the following limitations matter to you.
- $5 withdrawal fee on all withdrawals
- Only USD base currency — conversion fees apply
- No MT4/MT5 support
Frequently asked questions
Is eToro regulated?
eToro is regulated by CySEC (109/10), FCA (583263), ASIC (491139). Review the licensing table for current status.
What is the minimum deposit at eToro?
The disclosed minimum deposit starts from $50.
Does eToro offer an Islamic account?
eToro advertises a swap-free account. This does not constitute a halal or Sharia-compliance verdict; verify its fees and terms.
What platforms does eToro support?
eToro supports eToro Platform, eToro App.
What is the maximum leverage at eToro?
The disclosed maximum leverage is up to 1:400, subject to account and regulator.
How long do withdrawals take at eToro?
Verify the official withdrawal timetable (deposit methods show instant to 3-8 business days, but withdrawal specifics are undisclosed).
Reviews are independent and informational, not investment advice. Trading carries high risk. Regulatory status and terms can change. Last reviewed: June 8, 2026.
