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eToro Review

Depends

Should I use eToro?

What millions know, now you know too. The data, tools, and collective intelligence you need for better investing. - etoro.com

· 1 month ago

A fit if you're a beginner or casual investor wanting stocks, ETFs and crypto with copy trading from $50. Avoid if you trade actively, hate fees, or expect responsive customer support.

Confidence

High. Based on 20+ public sources: review sites, Reddit threads, official fee pages, and security reports.

Ratings

  • Value for money
  • Ease of use
  • Feature depth
  • Support quality
  • Security posture

Pricing

$50 minimum deposit

Standard retail account

ModelNot disclosed
Monthly feesNot disclosed
HardwareNot disclosed

Best for

  • Beginner retail investors
  • Copy-trading fans
  • Long-term stock/ETF holders
  • Small-balance starters ($50 min)

Not for

  • Day traders — users say it's bad for active trading
  • Fee-sensitive investors avoiding spreads and withdrawal fees
  • Anyone who may need responsive customer support
  • Guess: pros needing advanced charting and order types

Gotchas - check before you buy

medium

Inactivity fee: $10/month after one year of inactivity

medium

Every withdrawal costs a flat $5

medium

Non-USD deposits get a 0.5% currency conversion markup

medium

Many user reviews express frustration over hidden fees

Pros and cons

Pros

  • Reviewers call the platform fast, clean, and beginner-friendly
  • Copy trading lets beginners mirror experienced investors
  • SEC registered; FINRA and SIPC member
  • Start investing with $50
  • Earn 3.25% annual interest on uninvested cash

Cons

  • Users report horrific customer service
  • $5 flat withdrawal fee every time
  • $10/month inactivity fee after one year
  • ~1% crypto spreads, $1–2 stock commissions
  • Long-term users call it bad for active trading

Sources & method

- 11 sources - SEC/FINRA-regulated with a HackerOne bug bounty; a 2023 data breach and a 2026 alleged database sale are reported.

official x1review x7security x2news x1
  • 2023 breach claims, eToro denied hack-forum breach claims, but reports say the company has suffered data breaches exposing personal information of roughly 2 million users.
  • Alleged client database on sale, January 2026 dark-web report claims a significant eToro client database is being sold.
  • SEC settlement, eToro settled with the SEC in September 2024, paying a $1.5 million penalty and agreeing to limit US crypto offerings.

Key stats

  • Value for money: 3/5

    Rating

  • $50 minimum deposit

    Starting price

  • 11

    Sources

  • Analyzed

  • Value for money: 3/5. Low commissions, but spreads, withdrawal and inactivity fees stack up
  • Ease of use: 4/5. Reviewers call it fast, clean, beginner-friendly
  • Feature depth: 4/5. Stocks, ETFs, crypto, options, copy trading, cash interest
  • Support quality: 2/5. Reddit users report horrific customer service
  • Security posture: 3/5. Regulated with bug bounty; past breach and SEC penalty
  • 4.1/5 Trustpilot rating 32,084 reviews
  • 3.6/5 G2 rating 27 verified reviews
  • $50 Minimum deposit No subscription; pay per trade
  • 3.81M Funded accounts As of Dec 31, 2025

Pricing

Standard retail account

$50 minimum deposit

  • $1–$2 commission per stock trade
  • ~1% crypto spread each way
  • $5 withdrawals; $10/mo after 1 year inactive

Security

SEC/FINRA-regulated with a HackerOne bug bounty; a 2023 data breach and a 2026 alleged database sale are reported.

  • 2023 breach claimseToro denied hack-forum breach claims, but reports say the company has suffered data breaches exposing personal information of roughly 2 million users.⁹
  • Alleged client database on saleJanuary 2026 dark-web report claims a significant eToro client database is being sold.
  • SEC settlementeToro settled with the SEC in September 2024, paying a $1.5 million penalty and agreeing to limit US crypto offerings.⁸

What users say

Users like eToro for simple long-term investing and copy trading, but consistently criticize fees and customer service.

“Great app for investment”
Capterra review
“eToro is actually a solid long-term platform”
Reddit, r/Etoro
“From my experience Etoro has horrific cu…”
Reddit, r/Etoro
Full analysis

Based on 20+ public sources: review sites, Reddit threads, official fee pages, and security reports.

Good casual long-term broker with copy trading from $50 — but fees stack up and support is a common complaint.

Methodology

Based on 20+ public sources: review sites, Reddit threads, official fee pages, and security reports.

Read how a report is made.

Sources

  1. NerdWallet: Investing with eToro — honest reviewnerdwallet.com
    review
  2. Trustpilot — eToro customer reviewstrustpilot.com
    review
  3. G2 — eToro reviews (3.6/5, 27 reviews)g2.com
    review
  4. Capterra — eToro reviewscapterra.com
    review
  5. BrokerChooser — eToro fees full breakdownbrokerchooser.com
    review
  6. MatchMyBroker — eToro fees explainedmatchmybroker.com
    review
  7. eToro official fees pageetoro.com
    official
  8. SEC — eToro settlement, $1.5M penaltysec.gov
    security
  9. Cybernews — eToro denies breach claimscybernews.com
    security
  10. Wikipedia — eToro funded accountsen.wikipedia.org
    news
  11. Finder — eToro alternativesfinder.com
    review

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