Is eToro Good? An In-Depth Breakdown (2025)
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Updated 17/03/2025
Quick Answer: Is eToro Good?
eToro is great for beginners with its user-friendly platform and Copy Trading, but the platform has high CFD fees and withdrawal costs. Ideal for casual investors, but expert traders may prefer lower-cost alternatives. Try the demo account before investing real money.
Featured Platform: eToro
- Copy Trading
- User Friendly Platform
- Regulated & Trusted
- 30 Million+ Users
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 mins to learn more.
Introduction: Is eToro Really Worth the Hype?
If you have spent any time researching online trading platforms, you have probably come across eToro. But you may wonder: Is eToro worth your time and money?
I’ve used eToro for several years, testing everything from copy trading to crypto investments, and I’ve seen both the amazing benefits and the frustrating downsides. In this article, I’ll give you my first-hand experience, breaking down what eToro does well, where it falls short, and where their customers feel they can improve…
Let’s dive in.
What makes eToro stand out?
Before we get into the pros and cons, let’s talk about what makes eToro unique. Unlike traditional brokers, eToro is more than just a trading platform—it’s a social trading network where you can copy other traders, invest in multiple asset classes, and trade with zero commission on stocks.
Features and Tools That Make eToro Stand Out
One of the biggest reasons eToro has gained popularity is its unique combination of features that cater to both beginner and experienced traders. Unlike many traditional brokers, eToro integrates social trading, commission-free stocks, and multi-asset trading into one platform. Here’s a breakdown of what makes eToro different.
Social & Copy Trading
A standout feature of eToro is its CopyTrader system, which allows users to automatically replicate the trades of top-performing investors. This means that even if you’re new to trading, you can follow and learn from experienced traders without needing extensive market knowledge. Most brokers do not offer built-in copy trading, making this a unique advantage for eToro users.
Multi-Asset Trading
eToro isn’t just a stockbroker—it offers a wide range of assets, including stocks, crypto, forex, ETFs, commodities, and CFDs. This versatility allows traders to diversify their portfolios without needing multiple accounts across different platforms. eToro provides a more all-in-one solution, particularly for those who want exposure to multiple markets.
Commission-Free Stock Trading
One of the major perks of using eToro is that it allows you to buy and hold real stocks with zero-commission fees. Traditional brokers often charge fees per trade, which can eat into profits over time. By eliminating these costs, eToro makes it more affordable for long-term investors to build their stock portfolios.
User-Friendly Interface
eToro’s platform is designed with simplicity and ease of use in mind, making it an excellent choice for beginners. Unlike more advanced trading platforms, which can be overwhelming for new users, eToro’s interface is clean, intuitive, and requires little learning time. This makes it ideal for those who are just getting started with investing or trading.
Regulated & Secure
Security and regulation are key factors when choosing a trading platform, and eToro is fully licensed by multiple financial authorities, including FCA (UK), ASIC (Australia), and CySEC (EU). This means that eToro follows strict guidelines to protect customer funds and ensure fair trading practices. Many offshore brokers operate without regulatory oversight, which can pose risks to traders.
With eToro, investors have an added layer of trust and security when managing their funds.
Demo Account for Risk-Free Practice
For those who want to practice trading before committing real money, eToro offers a $100,000 virtual portfolio through its demo account feature. Unlike some platforms that limit the use of demo accounts, eToro provides an unlimited and free demo account, allowing traders to test strategies, explore the platform, and gain confidence before investing real capital. While many brokers offer demo accounts, eToro’s is one of the most accessible and user-friendly available.
The Good, The Bad, and The Ugly: My Experience With eToro
The Good: Why I Love eToro
| Advantage | Why It’s Beneficial | Who It’s Best For |
|---|---|---|
| Beginner-Friendly | No steep learning curve; easy to start trading. | New traders who want a simple, user-friendly platform. |
| Copy Trading | Ability to automatically copy successful traders. | Those who want to learn by following experienced investors. |
| Commission-Free Stock Trading | Saves money on fees for long-term investments. | Investors looking for a cost-effective way to buy stocks. |
| Variety of Assets | Access to stocks, crypto, forex, and ETFs in one place. | Those who want diversification without using multiple brokers. |
| Regulated & Secure | Licensed in multiple countries, adding credibility. | Investors who prioritise security and trustworthiness. |
| Innovative Investment Options | CopyPortfolios, thematic investing, and staking for passive income. | Passive investors who prefer automated investing strategies. |
The Bad: The Things That eToro Could Improve
| Disadvantage | Why It’s a Problem | Possible Workarounds |
|---|---|---|
| USD-Only Accounts | Non-USD deposits incur conversion fees, which can add up. | Convert funds externally before depositing or use a USD-based account. |
| Limited Advanced Tools | Charting and indicators are basic compared to platforms like TradingView. | Use external charting tools for more technical analysis. |
| Leverage Risks | High leverage can lead to significant losses if not used properly. | Stick to lower leverage or only use it for well-researched trades. |
| Geographic Restrictions | Not available in certain countries like Canada and parts of the U.S. | Look for region-specific alternatives |
The Ugly: What Complaints do users have about eToro?
eToro has over 26,000+ 4-star ratings on TrustPilot from investors and Traders. The platform has an average rating of 4.1 stars, with 65% of reviews sporting a five-star rating.
Users commend its user-friendly interface, diverse asset selection, and innovative social trading features. However, some express concerns, which I’ve broken down in this table:
| Issue | How It Affects Users | How to Minimise Risk |
|---|---|---|
| Withdrawal Fees & Restrictions | $5 withdrawal fee and possible delays for non-verified accounts. | Verify your account early and withdraw larger sums to reduce fees. |
| High Crypto & CFD Spreads | Spread costs can eat into profits for short-term traders. | Trade crypto on dedicated exchanges like Binance for better rates. |
| Copy Trading Risks | Some top traders take high risks, which could lead to large losses. | Research traders carefully and diversify your copied trades. |
Final Verdict: Is eToro Good?
| Who Should Use eToro? | Who Shouldn’t use eToro? |
|---|---|
| ✅Beginners looking for an easy-to-use platform. | ❌ High-frequency traders who need tight spreads. |
| ✅Investors who want commission-free stock trading. | ❌Traders needing advanced technical analysis tools. |
| ✅People interested in Copy Trading. | ❌Those uncomfortable with withdrawal fees. |
| ✅Users who want a regulated, secure broker. | ❌People in countries where eToro is restricted. |
Final Thoughts
So, is eToro worth it? Yes—if you’re a beginner or a casual investor. The platform is easy to use, commission-free stocks are a huge plus, and Copy Trading can be valuable if used correctly.
However, it’s not for everyone. If you’re a serious trader looking for low spreads, advanced charting, or instant customer support, there are better alternatives.
If you’re considering eToro, start with a demo account. This lets you test the platform risk-free and see if it suits your trading style before investing real money.
Would I personally continue using eToro? For long-term stock investing and Copy Trading, yes. But for crypto and short-term trades, I prefer other platforms with lower fees.
Trade Smarter, not Harder
- Copy Trading
- Competetive Fee's
- Multi Asset Platforn
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
FAQs
Is eToro good for beginners?
Yes, eToro is beginner-friendly due to its simple interface, commission-free stocks, and Copy Trading feature, which allows users to follow experienced investors. However, beginners should be cautious with leveraged trading and high spreads on certain assets.
Does eToro charge any hidden fees?
eToro has no commission on real stock trades, but it does charge fees such as spreads on CFDs and crypto, withdrawal fees ($5 per transaction), and currency conversion fees for non-USD deposits. Always check the fee structure before trading.
Can you actually make money with eToro Copy Trading?
Yes, but results vary. While Copy Trading allows users to follow successful investors, past performance does not guarantee future profits. It’s important to research traders, diversify investments, and understand the risks involved.
Is eToro safe and legit?
Yes, eToro is a regulated broker licensed by the FCA (UK), ASIC (Australia), and CySEC (EU). It has security measures like two-factor authentication (2FA) and SSL encryption, but users should be aware of trading risks.
How long do eToro withdrawals take?
Withdrawals typically take 1–8 business days, depending on the payment method. Bank transfers take longer than PayPal or credit/debit cards. To avoid delays, ensure your account is fully verified before requesting a withdrawal.
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References:
- eToro Official Website – Stocks & beyond: Invest in 7000+ assets on eToro
- eToro Fees & Pricing Breakdown – eToro Fees – What they are & how they are calculated.
- eToro Regulatory Information – Regulation and License
- Australian Securities and Investments Commission (ASIC) – ASIC: Australian Securities and Investments Commission
- U.S. Securities and Exchange Commission (SEC) – Securities and Exchange Commission (SEC) | USAGov
- CySEC (Cyprus Securities and Exchange Commission) – Cyprus Securities and Exchange Commission | Home
- Trustpilot – eToro User Reviews – Read Customer Service Reviews of
- Zero-commission Stock Trading
- Our #1 Recommended Crypto Platform
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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 mins to learn more.
