Broker review
eToro review: UK, EU and worldwide companies
eToro is a single-app broker with 8 companies in our data, from eToro (UK) Ltd (FCA) to eToro (Seychelles) Ltd. It publishes no EUR/USD spread in pips and no single minimum deposit, so its costs score is not measured.
Low Spread Brokers does not give personal investment advice.
Verdict at a glance
eToro
6.0/10
Entities 8
- Tier 1FCA583263
- Tier 1CySEC109/10
- Tier 1ASICAFSL 491139
- OffshoreFSA SeychellesSD076
- Tier 2FSRAFSP 220073
- Tier 1MASCMS101824
- Tier 2SEC / FINRAFINRA CRD 298361; SEC 8-70212
- Tier 2FinCENNMLS ID 1769299
- Minimum deposit
- Not published
- EUR/USD spread from
- Not measured
- Max retail leverage
- 1:30 (major FX, retail) — eToro Responsible Trading Policy, entity not specified on page (FCA, CySEC)
- Platforms
- proprietary
- Founded
- 2007
55% of retail investor accounts lose money when trading CFDs with this provider (entity not named).
eToro’s preliminary rating is 6.0/10: regulation scores 9.0/10, platforms 4.0/10 and accounts 4.5/10. Costs are not measured because eToro quotes spreads as a percentage of trade value rather than in pips. Everything below comes from eToro’s published pages, checked 19 Oct 2026; we have not opened a live account. Read first: how we rankhow we make moneyeditorial policy
Quick answer
Is eToro a good broker?
For a UK resident eToro means eToro (UK) Ltd, FCA licence 583263, with negative balance protection and FSCS cover of £85,000 as eToro states it. The trade-offs are one in-house app with no MetaTrader, costs we cannot compare in pips, and a 55% loss rate that eToro publishes without naming the company it belongs to.
- Tier 1 companies in our data: FCA, CySEC, ASIC and MAS. Outside those regions, check which company your account application names.
- eToro shows CFD spreads as a percentage of the trade value, so compare the cost per trade in money, not in pips.
- Funding: 9 methods in our data, PayPal and eToro Money among them.
- Residents of Canada are on eToro’s list of countries it does not accept.
eToro pros and cons
Pros
- Tier 1 companies for the UK (FCA), Australia (ASIC) and Singapore (MAS), plus CySEC in Cyprus
- FCA company states FSCS cover up to £85,000 and negative balance protection
- 9 funding methods, including PayPal, Skrill and Neteller
Cons
- No EUR/USD spread published in pips, so costs cannot be compared directly
- Own app only: no MT4, MT5, cTrader or TradingView trading
- The published loss rate names no company
- No single minimum deposit published; it depends on the country
Entities and regulation
eToro lists 8 companies in our data. The one that opens your account sets your leverage cap, negative balance protection and compensation scheme. Licence numbers are as the broker publishes them; check each on its regulator’s register.
| Entity | Regulator | Licence | Max. retail leverage | Negative balance protection | Compensation |
|---|---|---|---|---|---|
| eToro (UK) Ltd | Tier 1 FCA | 583263Checked on the register, 20 Oct 2026 | 1:30 (major FX, retail) — eToro Responsible Trading Policy, entity not specified on page | Yes | FSCS up to £85,000 |
| eToro (Europe) Ltd | Tier 1 CySEC | 109/10Checked on the register, 20 Oct 2026 | 1:30 (major FX, retail) — eToro Responsible Trading Policy, entity not specified on page | Yes | Cyprus ICF up to €20,000 |
| eToro AUS Capital Limited | Tier 1 ASIC | AFSL 491139Checked on the register, 20 Oct 2026 | Not published | Yes | Not published |
| eToro (Seychelles) Ltd | Offshore FSA Seychelles | SD076Company checked on the register, 20 Oct 2026; the register does not list the number | Not published | Not published | Not published |
| eToro (ME) Ltd | Tier 2 FSRA | FSP 220073As published by the broker | Not published | Not published | Not published |
| eToro Singapore Pte. Ltd. | Tier 1 MAS | CMS101824Company checked on the register, 20 Oct 2026; the register does not list the number | Not published | Not published | Not published |
| eToro USA Securities Inc. | Tier 2 SEC / FINRA | FINRA CRD 298361; SEC 8-70212As published by the broker | Not published | Not published | Not published |
| eToro USA LLC | Tier 2 FinCEN | NMLS ID 1769299As published by the broker | Not published | Not published | Not published |
Which entity will I get?
Pick your region to see which company our data says would hold your account.
eToro (UK) Ltd · FCA · 583263 · Max retail leverage 1:30 (major FX, retail) — eToro Responsible Trading Policy, entity not specified on page
eToro AUS Capital Limited · ASIC · AFSL 491139 · Max retail leverage Not published
eToro Singapore Pte. Ltd. · MAS · CMS101824 · Max retail leverage Not published
eToro (ME) Ltd · FSRA · FSP 220073 · Max retail leverage Not published
eToro USA Securities Inc. · SEC / FINRA · FINRA CRD 298361; SEC 8-70212 · Max retail leverage Not published
Warnings and clones
Search each eToro licence number on the regulator’s own register and compare the website address listed there with the one you are on. Clone firms copy real names and licence numbers.
Client money
eToro (Europe) Ltd (CySEC 109/10) is also Tier 1, but eToro does not publish which countries it serves, so it is not in the region picker. Tier 1 regulators require client money to be held apart from the firm’s own money. An offshore company may not offer the same protection, and its compensation, if any, is the broker’s own arrangement.
Costs and fees
eToro publishes CFD spreads as a percentage of the trade value (“lowest possible scenario”), not in pips, so there is no spread row we can compare with other brokers.
Spreads by pair and account
| Pair | Account | Published spread | Checked | Source |
|---|
Commission
No commission figure in our data for eToro (checked 19 Oct 2026); costs are built into the spread.
Swaps
Overnight fees are not on eToro’s fees page that we used; check the fee shown in the app before holding a position overnight.
Non-trading fees
- Deposit fee
- Not in our data
- Withdrawal fee
- Not in our data
- Inactivity fee
- Not in our data
Account types
Account types listed for eToro in our data (checked 19 Oct 2026); terms can differ by company. Minimum deposit: Not published
- StandardCosts built into the spread, no separate commission.
- DemoVirtual money with live prices.
- ProfessionalFor clients who opt up: higher leverage, fewer retail protections.
Professional status
Opting up to professional status with eToro removes retail protections such as leverage caps and negative balance protection.
Demo account
eToro offers a demo account (checked 20 Oct 2026 on eToro’s site). Virtual balance: $100,000 in virtual funds; reset through customer service. Platforms: its own web platform and its own app. Demo results do not include slippage or the cost of a real loss.
Trading platforms
Platforms eToro offers, from our data (checked 19 Oct 2026).
- proprietaryThe broker’s own web and mobile platform.
Markets
- Forex
- CFDs
- Other markets
- Not recorded in our data; check the product list of the company that holds your account
Deposits and withdrawals
Funding methods listed on eToro’s pages. Availability depends on your country and the company that holds your account.
- eToro Money
- Debit/credit card
- Bank transfer
- PayPal
- Neteller
- Skrill
- iDEAL
- Trustly
- Przelewy24
List copied from the broker’s pages, checked 19 Oct 2026.
Before your first withdrawal
- Methods in our data
- 9
- Withdrawal fees and times
- Not in our data yet
- Where to check
- The deposits and withdrawals page of your company’s website
Score breakdown
Four criteria scored 0–10 from published data. Research and support show “not measured” until we open live accounts; the marker on each bar is the average of this page’s comparison set.
6.0/10
- CostsWeight 25%Not measuredNot measuredSet average 7.6
- PlatformsWeight 15%4.0Set average 6.1
- RegulationWeight 25%9.0Set average 9.0
- AccountsWeight 15%4.5Set average 6.0
- ResearchWeight 10%Not measuredNot measuredSet average 0.0
- SupportWeight 10%Not measuredNot measuredSet average 0.0
Published data log
Every dated entry behind the figures on this review, copied from eToro’s own pages. Licence rows show the leverage the broker publishes for that company.
| Checked | Entry | Published value |
|---|---|---|
| 19 Oct 2026 | Retail loss rate, entity not named | 55% |
| Not published | Licence 583263, FCA: max. retail leverage | 1:30 (major FX, retail) — eToro Responsible Trading Policy, entity not specified on page |
| Not published | Licence 109/10, CySEC: max. retail leverage | 1:30 (major FX, retail) — eToro Responsible Trading Policy, entity not specified on page |
| Not published | Licence AFSL 491139, ASIC: max. retail leverage | Not published |
| Not published | Licence SD076, FSA Seychelles: max. retail leverage | Not published |
| Not published | Licence FSP 220073, FSRA: max. retail leverage | Not published |
| Not published | Licence CMS101824, MAS: max. retail leverage | Not published |
| Not published | Licence FINRA CRD 298361; SEC 8-70212, SEC / FINRA: max. retail leverage | Not published |
| Not published | Licence NMLS ID 1769299, FinCEN: max. retail leverage | Not published |
Our verdict on eToro
6.0/10
eToro gives UK, Australian and Singapore residents a Tier 1 company and a single app. Its rating of 6.0/10 is held back by costs we cannot measure in pips and by a platform score of 4.0/10: no third-party platforms.
Choose it if
- you want one app and an FCA, ASIC or MAS company
- you fund by PayPal or another e-wallet
Look elsewhere if
- you trade with MetaTrader or expert advisors
- you compare brokers by spread in pips
- you live in Canada
55% of retail investor accounts lose money when trading CFDs with this provider (entity not named).
What changed
- 19 Oct 2026 Companies, licence numbers, funding methods and the published loss rate collected from eToro’s pages.
Alternatives to eToro
OANDA, IG and Interactive Brokers: groups that, like eToro, also hold a US-regulated company, in the order of this page’s rule.
- 1
OANDA
8.1/10- Minimum deposit
- $0
- EUR/USD spread from
- 0.0 pips
- Regulated by
- CFTC / NFA, FCA, KNF, ASIC, CIRO, MAS, JFSA, BVI FSC
Read reviewVisit brokerUnpaid link76.6% of retail investor accounts lose money when trading CFDs with this provider (OANDA Europe Limited).
- 2
IG
8.0/10- Minimum deposit
- £1
- EUR/USD spread from
- 0.6 pips
- Regulated by
- FCA, FCA, FCA, BaFin, ASIC, FMA, FINMA, MAS, DFSA, JFSA, FSCA, BMA, CFTC/NFA
Read reviewVisit brokerUnpaid link70% of retail investor accounts lose money when trading CFDs with this provider (IG Markets Ltd / IG Index Ltd (UK)).
- 3
Interactive Brokers
6.2/10- Minimum deposit
- $0
- EUR/USD spread from
- Not measured
- Regulated by
- SEC / CFTC, FCA, DFSA, Central Bank of Ireland, ASIC, CIRO, MAS, JFSA, SFC Hong Kong
Read reviewVisit brokerUnpaid link58.9% of retail investor accounts lose money when trading CFDs with this provider (Interactive Brokers (U.K.) Limited).
Risk warning:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
Low Spread Brokers does not give personal investment advice.
FAQ
eToro review: questions
Answers use eToro’s published terms collected on 19 Oct 2026. Terms change: check the broker’s own page before you trade.
Ask a questionWe cannot give personal investment advice.
1Is eToro safe?
eToro (UK) Ltd is authorised by the FCA under licence 583263, as eToro publishes it; check that number on the FCA Register. eToro states negative balance protection and FSCS cover up to £85,000 for its UK company. That protects against the firm failing, not against trading losses: 55% of retail accounts lose money, according to eToro’s fees page.
Broker data checked 19 Oct 2026
2Is eToro FCA regulated?
Its UK company is: eToro (UK) Ltd, licence 583263 as published by eToro. Other companies of the group answer to CySEC, ASIC, MAS, the ADGM FSRA, US regulators and, offshore, the FSA Seychelles.
Broker data checked 19 Oct 2026
3What is eToro UK Ltd?
eToro (UK) Ltd is the company that serves UK residents. Our data lists it with a 1:30 cap on major currency pairs, from eToro’s responsible trading policy, which does not name the company it applies to.
Broker data checked 19 Oct 2026
4What are eToro’s fees?
eToro quotes CFD spreads as a percentage of the trade value, not in pips, and our data has no figures for withdrawal, inactivity or overnight fees. The eToro fees page on this site goes through the published charges.
Broker data checked 19 Oct 2026
5Is eToro legit?
eToro has operated since 2007, with headquarters in Bnei Brak, Israel, and lists 8 licensed or registered companies. A licence number in a footer proves nothing on its own: search it on the regulator’s register and compare the website address shown there.
Broker data checked 19 Oct 2026
6What leverage does eToro offer?
eToro’s responsible trading policy states 1:30 on major currency pairs for retail clients without naming the company. Our data has no confirmed figure for its Australian, Seychelles, UAE or Singapore companies; the eToro leverage page covers what is published.
Broker data checked 19 Oct 2026
7Which countries does eToro not accept?
eToro’s terms exclude, among others, residents of Canada, the Cayman Islands, Russia, Iran and North Korea. US residents are served by eToro’s US companies only.
Broker data checked 19 Oct 2026
Sources
Pages of eToro behind the figures on this review. Their text prevails over ours.
- eToro: retail loss rate, entity not namedChecked on 19 Oct 2026
- eToro: regulation, eToro (UK) LtdChecked on 19 Oct 2026
- eToro: regulation, eToro (UK) LtdChecked on 19 Oct 2026
- eToro: regulation, eToro (UK) LtdChecked on 19 Oct 2026
- eToro: regulation, eToro AUS Capital LimitedChecked on 19 Oct 2026
- eToro: regulation, eToro (ME) LtdChecked on 19 Oct 2026
Check the company before you open a eToro account
Search FCA licence 583263 on the FCA Register if you are in the UK, or the licence of your country’s company, then compare costs with the alternatives above.
CFDs are complex and carry a high risk of losing money rapidly.