eToro Review 2025

eToro provides regulated access to both cryptocurrency and traditional assets through a single platform. It stands out for its social trading features, particularly CopyTrader functionality that allows newer investors to mirror experienced traders’ strategies automatically.

Its primary strengths include regulatory compliance from major financial authorities, integration of diverse asset classes, and robust educational resources. However, traders should consider its higher cost structure, with cryptocurrency spreads averaging 0.75-1.90% plus a 1% transaction fee, significantly exceeding rates at specialized exchanges. The mandatory $5 withdrawal fee and limited technical analysis tools may also deter active traders.

We found that eToro offers an excellent entry point for crypto beginners, particularly those intimidated by traditional exchanges. Its copy trading functionality removes much of the learning curve, though this convenience comes with higher fees than specialized platforms. For investors wanting both crypto exposure and traditional assets in one place, eToro delivers a unified experience that most competitors can’t match.

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. eToro USA LLC and eToro USA Securities Inc.; Investing involves risk, including loss of principal; Not a recommendation. eToro USA LLC does not offer CFDs. Crypto investing carries a high risk and is highly volatile. eToro (Europe) Ltd crypto trading is provided via DLT Finance, crypto custody by Tangany. Tax may apply.

What is eToro?

eToro is a multi-asset investment platform founded in 2007 that combines social trading features with regulated brokerage services. It allows users to trade cryptocurrencies, stocks, ETFs, forex, and commodities through a single interface. eToro is regulated by financial authorities including the FCA, CySEC, and ASIC, serving over 30 million users across 75+ countries with features such as CopyTrader that lets beginners automatically replicate successful investors’ strategies.

Notable exceptions include Canada, Japan, and Turkey. U.S. residents access a limited version through eToro USA LLC under state money transmitter licenses.

The company maintains headquarters in Israel with offices in Cyprus, the UK, US, and Australia. While privately held, eToro has secured significant venture capital funding, combining institutional stability with fintech innovation.

Pros and Cons of eToro

✅ Pros

• Beginner-friendly interface with straightforward cryptocurrency trading process
• FCA regulation provides enhanced consumer protection compared to unregulated exchanges
• Social and copy trading features allow users to follow and automatically replicate successful traders’ strategies
• Wide selection of over 120 cryptocurrencies covering major coins and smaller altcoins
• Multi-asset platform enables trading cryptocurrencies alongside stocks, ETFs, and other financial instruments

❌ Cons

• Spreads on cryptocurrencies (BTC ~0.75%, ETH ~1.90%) are higher than specialized exchanges like Binance
• 1% fee when buying or selling cryptoassets
• Limited technical analysis tools compared to dedicated crypto trading platforms
• Mandatory $5 withdrawal fee applies to all transactions regardless of size

Is eToro a Good Exchange to Use in 2025?

eToro is a good exchange for specific types of users in 2025. It works well for beginners who value ease of use, investors who want to trade both crypto and traditional assets in one place, and those who benefit from social trading features like CopyTrader. The regulatory oversight from FCA, CySEC, and ASIC provides security advantages compared to unregulated exchanges.

However, eToro isn’t ideal for cost-conscious traders due to its 1% fee plus spreads (0.75-1.90% for major cryptocurrencies), which exceed rates at specialized exchanges like Binance. Advanced traders will find its technical analysis tools limited compared to dedicated crypto platforms. The value proposition depends on whether its user-friendly approach and regulatory compliance justify the higher costs for your specific needs.

Account Opening & Verification

Creating an eToro account takes about 5 minutes through either web or mobile. The streamlined form lets new users explore the platform before completing full verification, though trading remains locked until identity verification is complete.

The verification process follows standard KYC protocols requiring government-issued photo ID and recent proof of address. Most verifications process within 1 business day during normal periods, though market volatility can occasionally extend this timeline to 2-3 days.

Minimum deposit requirements vary significantly by region. UK residents must deposit at least £50, EU users €50, US customers $50, and Australian users $50 AUD. Some regions face substantially higher minimums between $200-$10,000 USD equivalent. First-time deposits made via card or e-payment methods are available for trading immediately, while bank transfers typically take 1-3 business days to process.

When we tested account creation on eToro, we found the verification process quicker than most crypto exchanges. Our documents were approved within 4 hours, compared to 2-3 days on several competing platforms. The interface clearly explains each step, making onboarding particularly welcoming for crypto beginners.

Region	Minimum Deposit	Verification Timeframe	Accepted ID Documents
United Kingdom	£50	Typically 1 business day	Passport, Driver’s License, National ID
European Union	€50	Typically 1 business day	Passport, National ID, Driver’s License
United States	$50	1-2 business days	Passport, Driver’s License, State ID
Australia	$50	Typically 1 business day	Passport, Driver’s License, Medicare Card
Other Regions	$100-$10,000	1-3 business days	Passport, National ID, Driver’s License

User Experience & Platform Design

eToro delivers a streamlined, social-focused trading experience prioritizing accessibility over technical depth. The platform features an intuitive dashboard that displays cryptocurrency prices, portfolio performance, and market trends with clearly labeled elements. Its unique tri-panel layout incorporates trading tools, social feeds, and market information in a visually balanced interface that scales well across devices.

Web Interface

eToro‘s web platform features a two-panel layout with a navigation sidebar on the left and a main content area on the right. The left sidebar provides access to Portfolio, Watchlist, News Feed, Discover, and other essential features. The main content area adapts to display the active section, whether it’s trading charts, portfolio information, or social content.

When trading cryptocurrencies, the main area shows the price chart at the top with order forms and market information below. Social elements like trader sentiment indicators appear directly within this interface, displaying what percentage of users are buying versus selling a particular cryptocurrency.

Chart functionality offers standard technical indicators with multiple timeframes, though less comprehensive than specialized trading platforms. Advanced drawing tools and custom indicator creation are limited. The platform emphasizes accessibility over technical depth, focusing on essential trading functions rather than advanced analysis.

Customization primarily centers on watchlist creation and basic layout preferences. Users can organize watchlists by asset type or strategy, but interface personalization options are relatively limited compared to dedicated trading platforms.

Mobile App

The eToro mobile app maintains most of the functionality of the desktop version while adapting for smaller screens. Available on iOS and Android with generally positive reviews, the app organizes features into a bottom navigation bar for easy access to watchlists, portfolio, and trading functions.

The app supports essential trading capabilities including order placement, portfolio monitoring, and copy trading features. Biometric authentication provides secure access, while push notifications alert users to price movements, executed orders, and copy trading activities.

Mobile-specific features include portfolio widgets for home screens and market alerts that can be configured based on price thresholds. The app performs efficiently on modern devices with reasonable resource usage and battery impact.

Security implementation includes biometric authentication options, customizable session timeouts, and two-factor authentication for sensitive transactions. These measures balance protection with usability for on-the-go trading.

eToro’s mobile app interface displaying crypto market data, including featured assets and price indicators. Users can access coins by category or view rankings by market cap with simple navigation.

Fees Breakdown

Instead of applying commissions, eToro employs a spread-based fee model for cryptocurrency trading. The spread differs from one cryptocurrency to the other, with Bitcoin’s hovering at about 0.75% and Ethereum’s averaging roughly 1.90%. A spread is the boundary between the buying price and selling price, and these fees are already integrated within this boundary. Less liquid cryptocurrencies often have greater spreads, especially for lower-cap altcoins where spreads can occasionally reach 2-5%.

Fee Type	Amount	Notes
Bitcoin (BTC) Spread	~0.75%	May widen during high volatility
Ethereum (ETH) Spread	~1.90%	Higher than specialized exchanges
Altcoin Spreads	2-5%	Varies by liquidity and market conditions
Withdrawal Fee	$5 flat fee	Applies to all withdrawal amounts
Conversion Fee	~50 pips	For non-USD deposits (all accounts operate in USD)
Inactivity Fee	$10 monthly	After 12 months without login/trading
Overnight Fees (Leveraged)	~0.075% daily	For leveraged crypto positions (where available)

Unlike the direct competition, eToro operates in the middle ground between traditional brokerages and specialized crypto exchanges. eToro’s trading spreads are well above the standard at other exchanges, for instance, Binance has low trading fees at 0.1% standard. On the other hand, Coinbase Pro charges the majority of users with 0.5%-0.6% maker-taker fees. It is also worth noting that for larger transactions by frequent traders, the returns are significantly less when compared to crypto-native exchanges because of trading spreads.

Platform	Bitcoin Trading Fee	Withdrawal Fee	Minimum Deposit
eToro	Flat 1% + ~0.75% (spread)	$5 flat fee	$50
Binance	0.1% (can be lower)	Network fee (varies)	No minimum
Coinbase Pro	0.5% – 0.6%maker-taker	Network fee (varies)	No minimum
Kraken	0.16-0.26%	Network fee (varies)	No minimum

Safety & Regulation

The multiple regulations under which eToro works add another layer of security alongside higher consumer protection for traders dealing with cryptocurrencies. The company has different regulated arms, with eToro (UK) Ltd operating under the Financial Conduct Authority (FCA), eToro (Europe) Ltd under the Cyprus Securities and Exchange Commission (CySEC), and eToro Australia under the Australian Securities and Investments Commission (ASIC).

These accounts are segregated from the company’s operating accounts which provide a safety net in the event of company insolvency. For crypto asset custody, eToro mostly uses cold wallets not connected to the internet, while a fraction of them is stored in hot wallets to supply needed liquidity. For users located in Europe, these investor compensation schemes support them, but again, those protections usually apply to only balances in fiat currency and not crypto.

• Mandatory 2FA for account access and cryptocurrency transactions, with support for SMS and authenticator app verification methods.

• Majority of cryptocurrency holdings stored in offline cold wallets with multi-signature access controls and geographical distribution.

• Robust anti-money laundering and know-your-customer protocols with ongoing transaction monitoring and risk assessment.

• Regular security audits and penetration testing by third-party cybersecurity firms to identify and address potential vulnerabilities.

Trading Features & Tools

eToro offers a less diverse set of tools than specialized exchanges, e.g: less technical trading tools. Order types available are; market orders, limit orders, stop losses, and take profits. The platform also offers one-click trading for faster execution and more advanced fill forms that require user confirmation to limit user mistakes. Although the platform provides charting capabilities with basic technical indicators, many analysts would consider them inadequate for the more experienced traders.

Users are allowed to set pre-defined watchlists and track the price of their selected cryptocurrencies, from both the web platform and via mobile app. The provided analytic tools within the portfolio allow for visualization of allocation breakdowns, performance measures, as well as unrealized gains and losses in both tabular and graphical forms. Tools for managing the risk include a position sizing calculator as well as advice regarding portfolio diversification according to the current contents of the portfolio.

• Market, limit, stop-loss, take-profit, and trailing stop orders with visualization of potential execution prices.

• Over 20 technical indicators including moving averages, RSI, MACD, and Bollinger Bands across multiple timeframes.

• Customizable notifications for price movements, percentage changes, and trading volume triggers.

• Performance tracking with visual representations of asset allocation, profit/loss, and historical returns.

Copy Trading & Social Features

eToro’s signature Copy Trading feature enables users to automatically replicate the cryptocurrency trades of successful investors on the platform. Users can browse traders by performance metrics, risk scores, and preferred assets before allocating funds to mirror their activities. When a copied trader executes a crypto transaction, the same trade is proportionally executed in the follower’s portfolio. The minimum allocation per copied trader is $200, with stop-loss parameters available to control risk exposure.

Smart Portfolios on eToro (previously CopyPortfolios) are strategically themed sets of cryptocurrencies designed and maintained by either eToro’s algorithm or investment team. These include bundled cryptocurrencies that follow the movement of other assets, collections based on specific sectors like DeFi or Metaverse tokens, as well as strategy-based portfolios that mix cryptocurrencies with other traditional assets. Every portfolio has preset minimum investment amounts which is normally between $500 to $1000.

eToro’s CopyTrader interface showing popular cryptocurrency traders and their performance metrics

The platform’s social feed functions as a dedicated cryptocurrency discussion forum integrated directly into the trading interface. Users can post market analyses, share trading ideas, and discuss specific cryptocurrencies with the wider community. The feed displays real-time activities such as opened positions (when users choose to share them) and market sentiment gauges showing the percentage of users buying versus selling specific cryptocurrencies.

Supported Cryptocurrencies

Focused on well-known and new digital assets, eToro provides access to over 80 cryptocurrencies. The key offerings include Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solana (SOL), and Ripple (XRP), which provide exposure to the leading cryptocurrencies by market cap. The selection also covers DeFi tokens such as Uniswap (UNI), Aave (AAVE), Compound (COMP), and other utility tokens from several blockchain projects.

Due to legal restrictions, availability of cryptocurrency differs by region. Users in the UK and EU have access to a broader range than those located in the US. Periodically, new cryptocurrencies are added to the platform after evaluating liquidity, security, and regulation compliance. All supported cryptocurrencies can be traded directly against USD, and there are no trading pairs for different cryptocurrencies offered on the primary platform.

• Bitcoin (BTC)
• Ethereum (ETH)
• Cardano (ADA)
• Solana (SOL)
• XRP (XRP)
• Polkadot (DOT)
• Dogecoin (DOGE)
• Uniswap (UNI)
• Chainlink (LINK)
• Aave (AAVE)
• Polygon (MATIC)
• Avalanche (AVAX)
• + 70 more cryptocurrencies available

Wallet & Custody Options

Users looking to take their cryptocurrencies off the eToro platform can use the eToro Money crypto wallet, which operates separately, but still in conjunction with eToro. This wallet application is capable of storing more than 500 types of tokens and cryptocurrencies, many of which cannot be traded on eToro’s primary platform. Users can also directly send cryptocurrencies to external wallets or exchange one cryptocurrency for another using the wallet.

In the case of users actively trading cryptocurrencies on eToro, their assets will be kept in custodial omnibus wallets which means that such users will not have access to private keys. This method of security offers limitations on direct access to the blockchain, but enhances user-friendliness and minimizes risks of key theft. The eToro platform and eToro Money wallet transfers are usually completed in a day or two, but they always come with additional fees for blockchain network services and eToro platform’s transfer services.

• Bitcoin, Ethereum, Binance Smart Chain, Polygon, Solana, and multiple other networks accessible through the eToro Money wallet.

• Biometric authentication, multi-signature authorization, standardized recovery procedures, and unspent transaction output selection optimization.

• Not all tradable cryptocurrencies support withdrawal to external wallets, with the platform maintaining a list of transferable assets.

• No direct private key access for users, with assets secured through institutional custody solutions and standardized recovery procedures.

Deposits & Withdrawals

eToro provides different options for funding cryptocurrency trading. Users from the UK and other countries can deposit using credit cards (Visa, Mastercard, Discover), bank transfers, and e-payment options like Skrill, Neteller, PayPal, and Rapid Transfer. The availability of specific payment options varies by country and region.

Though no fees are charged by eToro for deposits, third-party payment providers may deduct a fee. Users will incur a charge for currency exchange while depositing unless the currency is USD, which is the standard currency for all eToro accounts. All withdrawals have a fixed charge of $5 which does not change with the amount or the method. It typically takes 1-3 business days to process deposits, but e-payment methods are faster than bank transfers.

Payment Method	Deposit Time	Withdrawal Time	Withdrawal Fee
Credit/Debit Card	Instant	Up to 10 business days	$5
Bank Transfer	1-3 business days	Up to 10 business days	$5
PayPal	Instant	Up to 2 business days	$5
Skrill/Neteller	Instant	Up to 2 business days	$5
Rapid Transfer	Instant	1-2 business days	$5
Crypto Transfer (to external wallet)	N/A	1-2 business days	2% fee

Learning & Research Tools

eToro’s eToro Academy serves as a comprehensive educational hub for users at all levels of cryptocurrency trading and investing. The Academy offers a variety of resources, including guides, video tutorials, interactive courses, and live webinars, catering to different learning preferences.

One notable offering is the “From Beginner to Investor” course, a free, live program designed to equip participants with the necessary skills and confidence to start investing. This course is structured into four weekly sessions, each lasting one hour, and is conducted by eToro’s UK analyst, Sam North. Sam brings over a decade of trading experience and is known for his ability to simplify complex financial concepts.

eToro also provides a demo account with $100,000 in virtual funds. We used this to test the platform’s order system and get a feel for crypto spreads without risking anything. Since it mirrors live market conditions, it’s a solid tool for practicing strategy execution or getting familiar with the interface before going live.

In addition to structured courses, eToro Academy offers a wealth of resources on various topics, such as technical analysis, forex trading strategies, and understanding candlestick charts. These materials are designed to enhance users’ trading skills and market understanding.

• Comprehensive introduction to blockchain technology, cryptocurrency characteristics, and market structure with interactive quizzes and visual explainers.

• Specialized courses addressing unique aspects of cryptocurrency chart analysis, including 24/7 market cycles, volatility patterns, and cross-market correlations.

• Fully-featured simulation with $100,000 virtual funds, real-time market data, and actual platform spreads for risk-free practice.

• Regular updates on cryptocurrency trends, project developments, regulatory changes, and technical outlooks from eToro’s research team.

Customer Support Experience

Through different channels of communication, eToro offers tailored customer service related to cryptocurrency issues. Support agents receive proper training specific to blockchain’s underlying technology, how cryptocurrency functions, and other relevant technical problems to prepare them for providing help. Primary support is done in over 7 languages, although the level of knowledge of some secondary languages may be deficient in cryptocurrency-related areas.

The support department offers live chats, around the clock. The ticket system can be submitted at any time and is responsive within one to two business days with a resolution time within two to five business days. 

Geographic Access & Licensing Per Region

eToro extends its cryptocurrency services to 75 countries, the UK, EU, Australia, and parts of Asia being the strongest markets. Residents of the United States have access to a more restrictive version of the platform that only lets you trade real cryptocurrency (not CFDs) through eToro USA LLC, which operates under state money transmitter licenses rather than federal securities regulation.

Certain countries are completely restricted from accessing the platform such as Iran, North Korea, Turkey, Cuba, and a few other international sanction countries or cryptocurrencies oppressive countries. There are also boundaries concerning which cryptocurrencies are available. Certain tokens are unavailable in certain jurisdictions because local regulations restrict them. UK and European users generally have access to the full range of supported cryptocurrencies, whereas users in more restricted countries will most likely experience low availability.

Region	Regulatory Entity	Cryptocurrency Services	Leverage Available
United Kingdom	eToro (UK) Ltd – FCA regulated	Full crypto trading & copy trading	No (retail prohibition)
European Union	eToro (Europe) Ltd – CySEC regulated	Full crypto trading & copy trading	No (retail prohibition)
Australia	eToro AUS Capital Pty Ltd – ASIC regulated	Full crypto trading & copy trading	No
United States	eToro USA LLC – State MTL licenses	Limited crypto selection, no CFDs	No
Restricted Countries	Afghanistan, Belarus, Canada, Cuba, Iran, North Korea, Russia, Syria, Turkey, Venezuela and others

Reputation & Real-World Reviews

eToro has a rating of around 4.1 on Trustpilot from over 26,000 reviews. Most users appreciated how easy the platform is to use, the social trading aspect, and the selection of cryptocurrencies. Criticism usually revolves around withdrawal times, customer support wait times, and higher than normal spreads compared to crypto-only exchanges. The company does a good job of addressing complaints on Trustpilot and replies to over 90% of the issues presented in public forums.

Looking at discussions in the cryptocurrency community on Reddit, one can find mixed feelings associated with eToro. eToro seems to be well rated amongst newer users and those coming from traditional finance because of its user-friendliness and regulated nature. Experienced cryptocurrency traders tend to relentlessly target eToro for their high non-competitive fees relative to dedicated exchanges, and restrictions on transferring funds to wallets. Other ongoing concerns include the withdrawal fees, temporary unavailability of the platform during extreme volatility, and having to keep most assets on the main platform.

“Copy-trading is basically similar to giving money to a hedge fund. You give your money to another party and let them manage it. The difference is, though, that these are private investors on Etoro. This has both positive and negative aspects. A good thing about a private person (i.e. not a legal company) is that he/she does not have problems with liquidity, selling or opening his positions quickly.“

— Reddit user via r/eToro

Tax & Legal Compliance

eToro does provide annual tax reports regarding cryptocurrency trading activities, albeit most jurisdictions will consider these reports as needing additional documentation in order to finalize tax returns. Users in the UK should be aware that cryptocurrency trading is liable to Capital Gains Tax upon a disposal, whether it entails the selling or trading of an asset or using cryptocurrency for purchases. Current tax rules in the UK state that there is a no-strings-attached annual allowance, but any gain from above this figure will qualify for taxation of either 10% or 20%, depending on income tax band.

For countries that require automated tax reporting, for example, the UK’s HMRC, eToro implements those as well. This tax reporting will usually contain some identity information along with pertinent financial data, like transactions that go past a certain limit. The reporting is not accompanied by custom tax planning methodologies, but all transaction history can be obtained and used with other bespoke cryptocurrency tax platforms such as Koinly or CoinLedger.

Tax Feature	Availability	Details
Annual Tax Statement	Available	Summary of all crypto transactions, gains/losses
Transaction Export	Available	CSV format compatible with major tax software
Automatic Tax Reporting	Jurisdiction dependent	Automatic reporting to tax authorities where required
Tax Withholding	Not applicable	No automatic withholding for crypto transactions
Third-party Tax Integration	Indirect	Export compatible with Koinly, CoinLedger, TaxBit

Expert Verdict

eToro will appeal most to cryptocurrency traders and investors who prefer an environment with social trading and regulated features, especially those who are new to digital assets or wish to diversify beyond crypto-only platforms. The broker’s strengths lie in newcomer friendly interfaces, a wealth of educational materials, and unrivaled features such as automatically copying trades from successful traders.

The platform is not as suitable for seasoned cryptocurrency traders who want the lowest fees, complete control of private keys, or advanced technical analysis features. More intuitive interaction with blockchains or trading functions is best served through dedicated cryptocurrency exchanges.

Broker Comparison

Feature	eToro	Coinbase	Binance	Kraken
Bitcoin Fee	Flat 1% + ~0.75% (spread)	~0.5% (spread)	0.1% (commission)	0.16% (maker)
Cryptocurrencies	80+	150+	350+	120+
Copy Trading	Yes (full feature)	No	Limited	No
Regulation	FCA, CySEC, ASIC	SEC, FinCEN	Limited	Multiple jurisdictions
Wallet Control	Custodial (separate app)	Custodial + Non-custodial	Custodial + Non-custodial	Custodial only

Disclaimer

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 minutes to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Banklesstimes.com may be compensated if you access certain products or services offered by the MSB.

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