eToro Review

1.725 · 229 REVIEWS
Updated: Jun 11, 2021 ·  · Is this your company?

75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.


Broker Details

Minimum Trade Size: 0.1
Maximum Leverage: 30:1
Minimum to Open Live: $200
Established: 2007
Address: 24th floor, One Canada Square Canary Wharf E14 5AB London, E14 5AB, United Kingdom
Contact:, +44-866-350-0881
Regional offices:
Regulators: ASIC #491139, CySEC #109/10, FCA #FRN 583263
Prohibited countries:
Trading platforms: WebTrader
Web Trading: Yes
Mobile Trading: Yes
Currencies: (45+)
Cryptocurrencies: (30+) Bitcoin, Litecoin, Ethereum
CFD: (5+) Gold, Silver, Other Precious Metals, Stocks, Oil, Other Commodities
EAs/Robots: No
Deposit Methods: Bank Wire, VISA, MasterCard, Giropay, Local Bank Deposits, Local Bank Transfers, Neteller, PayPal, Skrill, UnionPay, WebMoney, Yandex Money
Withdrawal Methods: Bank Wire, VISA, MasterCard, Giropay, Local Bank Transfers, Neteller, PayPal, Skrill, UnionPay, Yandex Money

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1.725 · 229 REVIEWS
Forex Peace Army

Let other traders know if this service is worth checking or should be avoided.

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Traders Reviews

Daily trader,
Odense, Denmark,
Apr 22, 2020,

Horrible app

Length of use: 3-6 Months

It's dangerous to use this app. There is a lot of problems with their platform, half the time it displays irrelevant charts, has expensive spread, always signs me out and I can go on...
Charilaou Konstantinos,
Cyprus, Cyprus,
Apr 22, 2020,

Blocked me for speaking out

Service use: Live

Length of use: over 1 Year

They blocked me because i gave a solution to all those scamed by them, here is the post as was posted "Talked with cysec they are willing to open an investication, please go ahead and submit proof and claim thought their webportal, also if you want to make a claim for you money you should also contact

These are two different offices which requlate financials and protect investors in cyprus. Everything you can contripute contact them thought mail or portal. DO NOT use phone calls! " last time i checked we still had free speech!
  1 trader has found this review helpful
Romania, Romania,
Mar 27, 2020,
Registered user

Same result again

Service use: Live

Length of use: 6-12 Months

After my failed in January, I decided to give them a try again. Was a mistake. You will guess, ended up the same. I done with them, never again.

Jan 23, 2020 - 1 Star I decided to give a try on their copy trade system... social trading...
As they advertise: "Just find a top investor" and copy their trades. Of course, they just forgot to mention that top investors somehow start to make losing trades after you start following them. Same as Zulu...
I didn't had too much expectations, but still wondering how they are still in business...
ho chi minh, Viet Nam,
Mar 22, 2020,
Registered user

they are criminal - if I can rate negative start , I will do it

Service use: Live

Length of use: 0-3 Months

I have been waiting them more than 10 days since I completed my profile, and they totally ignore me . Do you want to invest your money to the broker like that ? I paid my mistake , but you can avoid it .
Riyadh, Saudi Arabia,
Mar 15, 2020,

Biggest scam in the Forex & CFD market

Service use: Live

Length of use: 3-6 Months

The biggest question in the Forex & CFD market, how such a scammer broker still exist and get bigger?

They practice every single type of scamming:
1. Fake prices which don’t match any of the other brokers.
2. Manipulating the spreads.
3. Canceling the profits.
4. Showing unrealistic profits of their alleged top traders for copying.
5. Paying people to promote on social media that they are making Millions trading with them.

I lost any kind of faith in the financial authority in Cyprus because of allowing such scammers.
  2 traders have found this review helpful
Auckland, New Zealand,
Mar 11, 2020,
Registered user

They are scam

Service use: Live

Length of use: 0-3 Months

I opened my account with minimum required amount and then was overwhelmed with phone calls asking me personal questions about my savings.. And the were asking me to wire usd $10000, which I refused to do. So I tried the platform which turned out to be not a real one as you do not loos any positions, after a week they called again asking me to deposit more money, and my response was that your company is not regulated and it is scam. In return (STEVEN MARKS
Senior Account Manager) was angry and said that he will block my account and refund the money, and within seconds he blocked the account and I didn't get any money back.
simply they are a bunch of thieves.
  1 trader has found this review helpful
Santander, Spain,
Jan 17, 2020,
Registered user

Unfit for eurozone users - High slippage - Market makers

Service use: Live

Length of use: over 1 Year

1. This broker trades in USD. When you send your deposit in EUR a 3.2% comission will be charged.

2. Same for withdrawals, another 3.2% comission, plus a $25 fee. Incredible.

3. SL orders are fired with a high slippage. They say they're NDD (No Dealing Desktop) but actually they're MM (Market Makers).

There are much better alternatives. Stay away.
  1 trader has found this review helpful
DUBAI, United Arab Emirates,
Jan 2, 2020,

Service use: Live

I just wished to advise any e-toro account user that should your account be hacked, e-toro take no responsibility for fraudulent trades placed onto your account.

I'm sure like myself, you will find this deeply concerning as if the same customer service protocols were applied to your bank, you would not deposit 1 penny into any bank however well known.

Below is a response from E-toro following 2 fraudulent positions placed onto my account. Very very concerning for any e-toro user.

Thank you for your emails.

Kindly note that we are not insinuating that you did open the positions. But, since it is the client's responsibility to protect his account, therefore we are very sorry to inform you that we cannot give any compensation in this regard.
We kindly ask you to change the password and use the 2 layers authentication to protect your account's privacy.

In case you need any help on how to activate the 2FA please do not hesitate to confirm in a reply to this email.

Thank you for your understanding and cooperation,

Best regards,

eToro Customer Service
Soha Noujeim
  1 trader has found this review helpful
Bansko, Serbia,
Dec 30, 2019,

Service use: Live

Length of use: 0-3 Months

blocked my account for no reason,i was not even using it for the day it god blocked
keep away!!!
  1 trader has found this review helpful
Florence, Italy,
Dec 14, 2019,
Registered user

Attenzione!! Denunciati alla Consob per Indebita Appropiazione!!

Service use: Live

Length of use: 6-12 Months

Attention .. they steal your money when you make the withdrawal!

In a totally unjustified way I have seen myself cut off in addition to their exorbitant commissions of $ 25.00 (which moreover no other broker charges), have made a change in their favor of as much as $ 51.00 over $ 25.00 which they had already stayed.

I state that I had asked for a payment to a Paypal account and that paypal does not charge any commission in the payments.

Their justification was that my bank charges the commissions on the money (liars, thieves and scammers) as I had asked for the payment on Paypal and in fact they paid without any cost on Paypal therefore, to steal the money they made a conversion to Euro (thinking obviously I was stupid and I wouldn't have used the calculator to see how much they changed) and they kept me an additional $ 51.00 (then 51 + 25 for a total of $ 76.00). Practically they have unduly appropriated an additional $ 51.00 over at $ 25.00 which they already take commissions.

I feel strongly to advise against opening any account with them as they have high spread rates, transaction fees, overnight rates (swaps) and in addition they also steal on the withdrawals you make. I advise you to support your money on more honest, serious and transparent brokers.

As proof of what I have written, I proceeded to make a complaint to Consob with file number 2.333 and I am thinking of turning to the Postal Police who will take further action.

I also add that I did not receive replies to my complaints via email, I asked to be contacted and they replied that I was not available. The only answer I had was to call my bank because he charged the fees on the payment (false and liars because there was no bank, they made it to Paypal and Paypal as reiterated does not charge anything )


In modo del tutto ingiustificato mi sono visto decurtare oltre alle loro esose commissioni di $ 25,00 (che oltretutto nessun'altro broker fa pagare), hanno fatto un cambio a loro favore di ben $ 51,00 ulteriori ai $ 25,00 che gia si erano trattenuti.

Premetto che avevo chiesto un versamento su un conto Paypal e che paypal non addebita alcuna commissione nei versamenti.

La loro giustificazione è stata che la mia banca addebita le commissioni sui soldi (bugiardi, ladri e truffatori) poichè il versamento lo avevo chiesto su Paypal e difatto hanno versato senza alcun costo su Paypal pertanto, loro per rubarmi i soldi hanno fatto una conversione in Euro (pensando evidentemente fossi fesso e che non avrei usato la calcolatrice per vedere a quanto hanno fatto il cambio) e mi hanno trattenuto ulteriori $ 51,00 (quindi 51+25 per un totale di $ 76,00). Praticamente si sono indebitamente appropiati di ulteriori $ 51,00 oltre ai $ 25,00 che gia si prendono di commissioni.

Mi sento vivamente di sconsigliare di aprire qualsivoglia conto con loro poichè hanno tassi spread alti, costi di commissioni sulle operazioni, tasso overnight (swap) e in piu rubano anche sui prelievi che farete. Consiglio di appoggiare i vostri soldi su broker piu onesti, seri e trasparenti.

A prova di quanto ho scritto ho provveduto ad effettuare una denuncia presso la Consob con pratica numero 2.333 e sto pensando di rivolgermi anche alla Polizia Postale che prenderà ulteriori provvedimenti.

Aggiungo anche che non ho avuto risposte alle mie lamentele via email, avevo chiesto di essere contattato e hanno risposto che non ero reperibile. L'unica risposta che ho avuto è stata di chiamare la mia banca perchè ha addebitato le commissioni sul versamento (falsi e bugiardi in quanto non c'e stata alcuna banca, loro il versamento lo hanno fatto su Paypal e Paypal come ribadito non addebita niente)

Dec 12, 2019 - 1 Star They are scoundrels and dishonest people who, in addition to having high spreads, commissions and withdrawal costs (as much as 25 dollars).

They cleverly sent my money in Eur (instead of dollars) stealing an additional 54 Eur from the total I should have received. I have all the photographic documentation of my withdrawal in dollars but they have decided to send in Euro taking well 54 € over the already 25 $ that they have taken.
So I advise you to stay away from these deceitful scammers into believing that they have "only 25 dollars" on the withdrawal because when you withdraw your money they still want to eat money.

Their response was that the bank takes money for the exchange, but they are great liars. First, because the money was sent to a paypal account (no a bank) and paypal does not take commissions on the money received! and according to me I did not ask for any conversion of the money into Eur (for this game they did stole a good 54 € ).

I report this scam on as many sites as possible so that other customers do not fall for these dishonest people. In addition to this, I am proceeding to make related complaints. I have all photographic documentation of the withdrawals and the money actually entered and which are far less than those I should have received.

I advise you not to open an account with them if you do not want then (one day you take your money) to be scammed as it happened to me.

I can prove everything and I have proofs with the screenshots where even their operator via chat told me that there was only $ 25 in commission on withdrawals. Dishonest to the end!
  1 trader has found this review helpful

Frequently Asked Questions

Is eToro legit?

eToro Group is regulated in 3 countries.

  • eToro (Europe) Ltd. is authorised and regulated by the Cyprus Securities Exchange Commission (CySEC) under the license # 109/10.
  • eToro (UK) Ltd. is authorised and regulated by the Financial Conduct Authority (FCA) under the license FRN 583263.
  • eToro AUS Capital Pty Ltd. is authorised by the Australian Securities and Investments Commission (ASIC) under Australian Financial Services Licensce 491139

eToro possesses a virtual currency license in the USA and is currently rolling out cryptocurrency trading across the USA.

In terms of financial services, eToro is not regulated with any USA financial authorities.

What is the minimum deposit for eToro?

eToro requires a minimum first-time deposit ranging from $50-$10,000 depending on your region and country regulations.

  • In general, the minimum first-time deposit is $200
  • For residents of Australia and the USA, the minimum first-time deposit is $50
  • Funding your account via Wire Transfer, the minimum first-time deposit is $500.
  • For residents of Israel, the minimum first-time deposit is $10,000
  • For a corporate account, a minimum first-time deposit of $10,000 is required

Can I deposit bitcoin to eToro?

Yes, eToro supports sending or receiving crytpo to and from other wallets, provided they are supported by the eToro Wallet and in line with the applicable Terms and Conditions.