EToro supports over 80 cryptocurrencies, including BTC, ETH, ADA, XRP, and SOL, with new assets added regularly. If your goal is to invest in crypto without diving into the deep end, it’s hard to beat. EToro strikes a great balance between simplicity and security, especially as a global platform. The spreads are higher than spot exchanges, and you’re missing out on deeper tools like margin trading, advanced charting, or order books. With staking rewards and features like CopyTrader and Smart Portfolios, you don’t need to actively trade every day to benefit from market moves.

Look and feel

If you are a single‑leg speculative options trader who only buys calls and puts, this commission structure will not hinder you, but strategies that require closing short options may incur additional costs. However, eToro does not participate in a dime‑buyback program, so you cannot close short options priced at $0.10 or less for free. EToro USA LCC does not offer CFDs; only real crypto assets are available. If you are outside the U.S. or interested in forex trading, you might like to read our reviews of eToro on our sister sites, UK.StockBrokers.com and ForexBrokers.com. When we reviewed eToro last year, it offered 24 cryptocurrencies in the U.S. If you’re looking for a platform with bonds, futures, mutual funds, or forex, you won’t find them here.

Mobile trading apps

• This focus has paid off, with the broker now boasting over 35 million users across more than 140 countries.
• Professional accounts can be held by skilled individuals who know that higher leverage options come with increased risks.
• Meaning that you are taking on more risk than you think.

Experienced traders looking to execute orders without the social feel may find eToro to be a bit of an adjustment, but overall, the mobile app is etoro forex broker review very intuitive. Beginner investors may feel more comfortable with the app’s familiar feel since eToro is not modeled on other traditional brokerage offerings. The beginner-friendly user interface, combined with the feel of a social media app, makes for an innovative, creative user experience. It is also easy to set up an eToro Options account, which lets you trade options in the eToro Options app. The mobile app and web-based user experience offer similar functions and features, allowing users to seamlessly transition between them to trade through their preferred version.

Lack of a real screener

In April 2023, eToro became a partner for X’s cashtags, providing real-time asset prices for stocks, exchange-traded funds (ETFs), commodities and cryptocurrencies. EToro Group Ltd. is an Israeli multi-asset investment and social trading company focused on providing financial services. EToro’s spreads and withdrawal fees are on the higher side, but the value of its social trading platform arguably justifies the cost for many users.

The broker provides access to over 7,000 tradable instruments, making it one of the most comprehensive multi-asset brokers on the market today. It also supports around 130 cryptocurrencies for spot trading or CFD speculation, although U.S. clients are limited to buying real coins. EToro is ideally suited for traders who are drawn to the concept of social trading. Taking all these factors into account, eToro is widely seen as a trustworthy and safe broker for traders across different regions. EToro is considered a low-risk broker and a safe option for traders around the world.

• Any reliance on the material is at your own risk, and b3idev.wpenginepowered.com assumes no responsibility for errors, omissions, or financial decisions made based on our content.
• There is no doubt that cryptocurrency has been one of the most popular investments of the last two years.
• If your goal is to invest in crypto without diving into the deep end, it’s hard to beat.

Even though eToro claim that less than 5% of their business last year was done on CFDs (probably because everyone was investing in crypto), they still offer contracts for difference (CFDs). The copy trading feature means that if you find a particular trader’s portfolio interesting, you can opt to copy it and their future traders. There is also an emphasis on buying a certain amount of a stock, instead of the traditional number of shares, which reduces the number of calculations new traders need to make before executing a trade. But there are also some downsides and significant risks for those new to investing. Yes, eToro is good for beginners as the platform is really simple and they offer access to the most popular and trending investment. Moreover, the company has not reported any major security breaches on its platform.

In addition, eToro charges a $10 inactivity fee per month after 12 consecutive months of no trading activity. This flat fee structure can actually benefit high-volume traders since it’s not percentage-based. Withdrawals are subject to a $5 fixed fee, although U.S. traders are exempt. On the plus side, converting from one cryptocurrency to another incurs a low conversion fee of just 0.1%, plus prevailing spreads. As a Market Maker broker, its typical spreads are slightly wider than the industry average.

Why eToro is bad for beginners

Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Additionally, our team of researchers verified the survey responses and collected any missing data points through online research and conversations with each company directly. We combined our industry research, subject matter expertise, and investor survey data to guide the research and weightings for our 2024 online broker awards. EToro’s U.S.-based cryptocurrency business, operating under the entity eToro USA LLC, is a registered Money Services Business (MSB) with FinCEN. Just as notable, eToro doesn’t support margin accounts.

I find that eToro’s pricing structure favors options traders and crypto investors from a surface level. EToro offers cryptocurrencies, stocks, options, and ETFs, including fractional shares. If you thrive on debating strategies, learning from like-minded traders, and a community-centric investing experience, eToro is your platform. A new wave of investors is learning about trading through short-form content, social media, online communities, and collaborative experiences.

EToro makes money by taking the difference between bid and ask prices. Beyond that, screening tools and other more robust trading functionalities are largely absent. Charting capability is included with all asset types, but no backtesting capabilities are included on the platform. These portfolios are particularly appealing to beginner investors.

Cryptocurrency CFDs

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

Social Media

EToro is known for substantial investments in marketing, which include sports sponsorships and traditional advertising. In February 2025, eToro (Europe) Ltd received a permit from the CySEC to offer crypto services in the EU under the Markets in Crypto-Assets Regulation (MiCA). In 2023, the company received an approval from Financial Services Regulatory Authority (FSRA) of ADGM to launch in the UAE and added ISA offering.

An investment team monitors the portfolio offerings to ensure that they continue to match thematic elements and risk parameters. EToro’s Smart Portfolios lets you select from diversified automated portfolios so you don’t have to allocate your money yourself. EToro doesn’t disclose order execution quality statistics, but it has a best execution policy and has a very low level of payment for order flow, suggesting that the broker follows it. They include market order, limit order, stop-loss order, and take-profit order. EToro only offers a narrow range of order types on its platform.

Established in 2007, it has stood the test of time and operates under the supervision of several top-tier regulators. Strategic acquisitions of blockchain firms like Firmo and Delta have strengthened its crypto wallet and portfolio tracking services. Notably, eToro is one of the rare brokers that has successfully navigated the complex U.S. regulatory landscape. The content on b3i.tech is provided for educational and informational purposes only and should not be considered financial, legal, investment, or professional advice. At b3i.tech, our goal is to provide trusted, unbiased blockchain and cryptocurrency education.

Mobile Trading

But, CFDs are a very risky and complex trading tool and only suitable for experienced investors as around 76% of retail investors (private clients) lose money when trading CFDs on eToro. In addition to crypto trading, eToro users can also invest in stocks, ETFs, and options, providing a suite of products to choose from. The platform’s News Feed highlights eToro’s social trading network aspect, providing a social media-like experience where users share their insights on what’s happening in the markets.