eToro Review – A Complete Beginner’s Guide

In this eToro review, we are going to cover this digital global trading platform for currencies, cryptocurrencies, commodities, indexes, and stocks. This popular trading platform is currently used by over 20 million users worldwide. Taking an angle on cryptocurrencies, we’ll take a hands-on look at the eToro platform, cover eToro’s pros and cons, and cover just what eToro is. Unlike many eToro reviews, we’ll also give an eToro wallet review and we’ll cover our personal opinion on the eToro exchange.

Is eToro a bad pro exchange? Is there options trading on eToro? Should you set up an eToro account? Read on to find out more and learn about crypto trading on eToro.

Note: This content is not intended for US residents and is not authored by eToro USA LLC or a US affiliate. Also, this review will focus on the eToro trading platform. 

Don’t Like to Read? Watch Our 2-Minute eToro Overview

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That’s the eToro trading platform in a nutshell. If you want a more detailed review of eToro, keep on reading. 

eToro Overview

In operation since 2007, eToro’s service enables users to trade almost anything in one platform. Branded as a social investment network, it combines a modern trading system with the ability to interact with other users.

CEO Yoni Assia wants the platform to disrupt the outdated banking system and help usher in a new digital financial age.

“I am a keen believer in Blockchain technology and in cyrptoassets and have been one of the early adopters of this technology. I find this innovative realm as revolutionary and impactful to the world as the internet revolution.”- Yoni Assia, CEO of eToro

If you’re investing in cryptocurrencies, then there are probably some ideals to be matched in this respect. eToro enables the trading of cryptocurrencies but only allows the withdrawal of a select number of cryptocurrencies through a secondary wallet app.

The company went through many different cycles, the most recent one being the introduction of eToroX – a fully regulated cryptocurrency exchange.

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eToro Services

eToro’s platform allows users to invest in (and trade) a variety of assets, including commodities, 5,500+ stocks, 680+ ETFs, currencies, indices, and of course, 100+  cryptocurrencies. It offers plenty of advanced trading tools such as stop-loss, take-profit, and set orders, which execute automatically according to a coin’s price. It should be noted that stop-loss and take-profit are not guaranteed. It’s important to note that, with all its trading features in mind, eToro ended up on our list of best altcoin exchanges. 

The platform stands out with its free trading courses, catering to both beginners and advanced traders. Users can access economic calendars, dividend schedules, IPO updates, and quarterly earnings reports, keeping users informed about market events. It also offers an attractive 4.8% interest on unused capital, providing a passive income opportunity for funds that remain idle on the platform.

One of the main attractions to eToro is its wildly popular copy trading feature, which gives traders the ability to follow and copy other trading strategies. The eToro social trading platform features a “newsfeed” where users share their trades publicly. The platform also offers extended trading hours, allowing users to execute trades outside regular market times.

Please note that users can now deposit, withdraw, and trade in EUR, GBP, and USD. They can select the currency of their choice for trading and account transactions, reducing unnecessary conversion fees. Furthermore, there are no withdrawal fees for GBP and EUR accounts, which makes eToro particularly appealing for European and UK traders. 

Copy Trading and Smart Portfolios

Aside from deciding on your own what to invest in, eToro gives you two other options: Copy other traders with CopyTrader™, or invest in a Smart Portfolio.

CopyTrader™ allows you to copy the trades of successful traders of your choice on the platform. You can even enable your own trades to be copied and earn commissions for successfully doing so. This is one of the most unique features about eToro and something that really separates it from the competitors. It’s not too hard to think of reasons why users may want to use CopyTrader other successful traders. Of course users should be careful who they choose to copytrade, valuing long successful track records over the hottest ROI of the week. 

Still, users can view tons of other traders’ portfolios, risk scores and other statistics. Unfortunately, while United States customers can view any other traders portfolios, they can only copytrade other United States portfolios. 

eToro also provides advanced filters to help users discover assets based on UCITS, asset class, dividend yield, stock exchange, sectors, and more. The platform’s AI assistant offers insights into the top-performing investors, the most popular assets, and market trends.

Smart Portfolio is a portfolio management product. It’s somewhat similar to investing in a specific index where someone chooses a mix of assets to invest in for you. Investing in it will automatically copy multiple markets or traders based on a predetermined investment strategy.

You can invest in two types of Smart Portfolios:

Partner Portfolios – An investment vehicle Created by eToro partners.

Market Portfolios – Top-performing assets from a specific market.

Smart Portfolios aim to help investors minimize long-term risk by creating diversified investments. Once you invest in a Smart Portfolio, your capital is professionally managed by eToro’s investment committee. Each CopyPortfolio’s performance is analyzed in depth.

eToro’s CryptoPortfolio

eToro also has a special product called a CryptoPortfolio. It basically allows you to invest in the most popular cryptocurrencies like Bitcoin, Ethereum , Cardano, ZCash, and many others. US customers, however, can only invest in Bitcoin, Bitcoin Cash, and Ethereum. That’s a stark contrast compared to other US crypto exchanges and a large drawback for American users. The minimum investment for the CryptoPortfolio is $500.

Investing in this portfolio will expose you to more currencies simultaneously and diversify some of the risk involved with investing in only a single cryptocurrency. There are several requirements that a cryptocurrency has to meet in order to be included in the CryptoPortfolio, including:

• Minimum market cap of $1 billion
• Minimum average monthly trading volume of $20 million.

Each currency will have a weight in the portfolio that is relative to the size of its market cap (the minimum is 5%). If, for some reason, a currency drops below the minimum requirements, it is automatically removed from the portfolio.

The CryptoPortfolio is analyzed and rebalanced on the first trading day of each month.

eToro’s Cryptocurrency Wallet

eToro has also launched its own wallet for iOS and Android called eToro Money. The wallet links directly to a user’s eToro trading account, enabling them to more easily withdraw coins they have bought on the platform. Users can also use the eToro Money wallet to swap between cryptocurrencies instantly, as well as buy, store, receive, and transfer more than 120 different assets.

It is important to note that users cannot use the wallet to deposit crypto into their eToro trading accounts – only withdraw some selected coins.

Whereas eToro users previously did not have control of their private keys, the eToro Money wallet now provides users with a true private key and on-chain addresses.

If you are in the market for a first or additional wallet, there are some alternatives. Be sure to check out our picks for the top cryptocurrency wallets, whether you are looking for mobile wallets, hardware wallets, or decentralized software wallets, we’ve reviewed hundreds of them over the years.

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Currencies and Payment Methods

Cryptocurrencies supported

Understand which types of investments are available to you per your preferences and location.

There are 25+ coins listed on eToro, including but not limited to:

• Bitcoin (BTC)
• Ethereum (ETH)
• Ripple (XRP)
• Solana (SOL)
• Bitcoin Cash (BCH)
• Chainlink (LINK)
• Uniswap (UNI)
• IOTA (MIOTA)
• Stellar (XLM)
• EOS (EOS)
• NEO (NEO)
• Zcash (ZEC)
• Binance Coin (BNB)
• Decentraland (MANA)
• Shiba (SHIBxM)

eToro has a full up-to date list of available eToro cryptocurrencies.

Note: US customers can only buy Bitcoin, Bitcoin Cash, and Ethereum.

Deposit methods

eToro supplies a wide range of options for depositing money to its platform, including:

• Debit card
• Credit Card
• Wire transfer
• Skrill
• Neteller
• Webmoney
• Giropay
• Rapid Transfer
• iDEAL
• POLi
• Local Online Banking

eToro has a list of deposit limits depending on location. eToro accounts are denominated in USD, so whatever currency you deposit will automatically be converted to USD.

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eToro Fees

Due to the complex amount of trading options, the eToro crypto fees varies from asset to asset. Looking directly at the cryptocurrency trade fees will be quite a shock for serious investors as they come in higher than many competitors. Some serious and full time cryptocurrency traders think these fees are why eToro is bad compared to other major crypto exchanges. We would say that there are tradeoffs for every exchange. 

Bitcoin and other coins cost a hefty 1% fee when exiting a position, higher than most other exchanges. Thankfully eToro has a full list of all the different fee structures available on their site. 

There’s also a withdrawal fee applicable when you decide it’s time to cash out. When cashing fiat money out of eToro, you’ll be charged $5 for each withdrawal. However, eToro recently removed withdrawal fees for GBP and EUR accounts.

Another sting in the tail exists for some unfortunate users. eToro charges an inactivity fee to users who have not logged in for 12 months.

If you’re a long-term holder, don’t get caught out by this; once your account is deemed inactive, your balance will be debited $10 per month. Remember to log in and check up on your investments every quarter.

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eToro Crypto Trading Supported Countries

The full eToro platform is supported and operates in most major countries. For a full list of supported countries, check out the list of eToro’s supported countries.

Up until recently, the investment app eToro was closed and inaccessible to US investors. However, now Americans can access eToro USA, a slightly more restricted version of eToro with fewer cryptocurrencies available to trade. eToro USA is available for people within most US jurisdictions, except:

American Samoa, Guam, Hawaii, Minnesota, Nevada, New York, Northern Marianas, Puerto Rico, Tennessee, U.S. Armed Forces – Americas, U.S. Armed Forces – Europe and US Virgin Islands.

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eToro Customer Service

eToro generally has very good reviews across the internet, often commended on customer service and the user-friendliness of the mobile app. eToro customers tend to be satisfied by the exchange’s customer service.

Common complaints about the platform involve slow or difficult withdrawals due to intensive identity verification processes and restrictions. At the same time, it appears that eToro is happy to allow users to continue to deposit money into the platform even if they have not been permitted to withdraw – unfortunately, a common occurrence across many crypto and trading platforms.

An online help center is available on the eToro website to answer most common inquiries related to a wide range of platform features, while more specific and individual user issues can be answered via the customer support page. This involves submitting a written support ticket for your issue, which will be responded to via email.

Customer support is available in 9 different languages, but there is no option for a live chat of phone support.

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Our Personal Experience With eToro

The usability of eToro is astonishingly fluid. It’s painless and straightforward to get started. Signing up takes less than five minutes, and there’s no need for slow verification methods or confirmations. Simply hit the Sign Up button and add your personal details.

Next, you’ll be greeted with a questionnaire to assess your trading personality—quite a nifty feature on the face of it but can also feel a bit too personal. Revealing our income levels, employer, and other investment levels felt like a bit too much. Still, this is part of a standard KYC (Know Your Customer) process eToro is compelled to perform as part of it being a regulated company. If you are someone who prefers to keep this information private, check out our article on the Best No KYC Crypto Exchanges in 2025.

Portfolio trackers, watch lists, featured markets, and the ability to follow successful traders are all sitting in this slick, modern trading interface. In under ten minutes, you can be ready to go and open positions on Bitcoin and different stocks simultaneously. 

After using eToro for a number of years ourselves, many of our team members appreciate the fact that you can trade Bitcoin, Amazon, gold and oil all from one platform. Throw in the copy trading feature, and eToro truly does have something to offer everyone! It’s important to note that eToro takes the top spot in our list of Binance alternatives. 

Pro Tip: Consider using the copy trading as a diversification strategy. Most professional traders will have one asset they specialize in. If you understand Bitcoin cycles well and have had success trading Bitcoin, you likely do not have the time to also be an expert in oil or something like agricultural commodities. Some of our team members have had success focusing on trading crypto while copying traders who trade uncorrelated assets to Bitcoin such as oil, wheat, rice, sugar, and precious metals. 

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Conclusion – Is eToro legit?

eToro’s platform as a whole is a joy to use. Its interface is responsive, intuitive, and packed with handy features. Add a decent selection of cryptocurrencies to this, and you can really get a lot out of the exchange, like trading and opening positions in Bitcoin, Ethereum, XRP, Litecoin, and more.

In general, eToro is a great option for those interested in stock trading, ETF trading, and crypto trading alike. If you are looking to trade all of the above, then eToro is an excellent option. Throw in the fact that eToro customers tend to enjoy both the user experience and the customer service, and that’s another big positive. 

That being said, there are some mild drawbacks. The main drawback is that withdrawing cryptocurrencies to your own wallet is somewhat cumbersome and requires some extra steps.

First, you need to withdraw the cryptocurrency to your eToro Money wallet, a process that takes up to 5 business days. Only after that can you complete the withdrawal to any non-personal wallet. 

Additionally, the fees for cryptocurrencies are also overpriced when compared to the top cryptocurrency exchanges, and for me, that’s a big turnoff.

To sum it up, if you’re an investor or trader wanting to trade multiple asset classes and copy trade – eToro is a great platform. Feel free to check out our guide on How to Buy Bitcoin on eToro as it walks you through the step-by-step process of buying crypto on the eToro platform.

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See Also: How to Buy Crypto with AMEX

Note: eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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Frequently Asked Questions

Is eToro Regulated?

Yes, eToro is fully regulated. eToro (Europe) Ltd. is a Financial Services Company authorized and regulated by the Cyprus Securities Exchange Commission (CySEC) under license # 109/10. eToro AUS Capital Pty Ltd. is authorized by the Australian Securities and Investments Commission (ASIC) to provide financial services under Australian Financial Services Licence 491139. eToro (UK) Ltd. is a Financial Services Company Authorised and regulated by the Financial Conduct Authority (FCA) under the license FRN 583263. eToro (Seychelles) Ltd. is licensed by the Financial Services Authority Seychelles (“FSAS”) to provide broker-dealer services under the Securities Act 2007 License #SD076.

Can You Withdraw Cryptocurrencies From eToro

Yes, users can now withdraw cryptocurrencies from eToro via the eToro Money wallet. From there, the coins can be used as normal, including transferring them to any other crypto wallet. Some of the cryptocurrencies withdrawable from eToro include: – BTC – ETH – XRP – LTC – BCH – XLM The full list is available on the eToro website. This feature is only available to users of eligible countries, with a standard fee of 0.5% per withdrawal.

Can You Withdraw Money From eToro?

Yes, you can withdraw fiat currencies from eToro. Withdrawals are all initiated in USD, with conversion fees applying if the final currency is different. The supported fiat currencies for withdrawal are: – USD – AUD – EUR – GBP – SEK – DKK – NOK – PLN – CZK – MYR – PHP – THB – IDR – VND A full table of conversion fees for fiat withdrawals can be found here.

How Much Does eToro Charge To Withdraw Fiat?

The withdrawal fee is $5 for global and $0 for US users + conversion fees if you withdraw a currency that is not USD (between 50-250 pips).

Is eToro Safe?

Yes, eToro is a fully regulated company that is safe for users. That said investors should always exercises best practices when trading cryptocurrencies.

Disclaimer:

eToro is a multi-asset platform that offers both investing in stocks and crypto assets.

Please note that cryptos are complex instruments and come with a high risk of losing money rapidly due to volatility. 51% of retail investor accounts lose money when trading with this provider. 

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

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.

eToro USA LLC 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.