eToro Review 2025 | Bankrate

The broker eToro is a three-way marriage between crypto exchange, traditional securities broker and social media site – resulting in some fun and innovative features that traders may really appreciate. For example, the broker’s CopyTrader features lets clients see what a qualified group of traders is trading and buy it for their own accounts automatically. EToro offers stock and exchange-traded fund (ETF) trading with no commission and goes one better than the average brokerage with no-commission options trading, too. Its crypto selection – at more than 100 names – is much larger than the handful of coins available at most traditional brokers that dabble in crypto. That said, eToro does charge a hefty markup of 1 percent, so you could do better at a crypto-focused exchange.

If you want to trade a wide range of crypto and traditional securities, you don’t have too many options, but check out Robinhood and Webull, which do offer a (smaller) range of cryptocurrencies. If you’re looking for a broader selection of cryptos, check out Binance.US, especially if you’re focused on Bitcoin and Ethereum.

Best for

• Option trading
• Following other traders’ moves
• Social investing

eToro at a glance

Pros: Where eToro stands out

Stocks, cryptocurrency, ETFs and options

While eToro was limited to cryptocurrency trading for American investors in the past, it’s now expanded to include stocks, ETFs and options, too – at favorable pricing. It’s a solid mix of the most popular kinds of trading vehicles, giving traders the kind of action they’re looking for.

Stocks and ETFs are all available now with no commission, a price that’s in line with major online brokerages. And eToro outdoes most rivals when it comes to options commissions, too. It charges no base commission or per-contract fee, in line with the best here, Webull, Robinhood and a few others. That compares to the industry standard fee of $0.65 per contract.

If there’s one downside at eToro compared to rivals, it’s that you won’t have trading access to every little stock on the major exchanges. The broker offers about 3,000 stocks, so you’ll find all the big names. However, you’re unlikely to have access to the market’s smallest stocks. If you need access to those small names, stick with a fully featured broker such as Charles Schwab.

Historically, the big draw at eToro has been cryptocurrency trading. The broker charges no commissions but makes money on a spread markup (more below). The broker gives you access to more than 100 different cryptocurrencies, including some of the most popular, such as Bitcoin, Ethereum, Dogecoin and Chainlink. The trading layout is easy to use and navigate on the website interface, and you’ll see all trading options presented cleanly.

CopyTrader feature

One of the more innovative features at eToro is the ability to automatically copy the trades of some of the broker’s most popular crypto traders. With CopyTrader, you’ll select the traders you want to mimic, and then you’ll instantly replicate their trades. “When they trade, you trade,” as eToro says.

CopyTrader shows you fellow traders involved in the program and the returns they’ve stacked up over the past, so you can make your selection to copy their trades. If you’re not ready to go that far, you can follow along on the trader’s social feed, see their monthly performance stats and check out their holdings. It is social media meets crypto trading, helping traders connect with others.

CopyTrader doesn’t cost anything extra, and it actually offers income to top traders as part of eToro’s Popular Investor Program. Clients can sign up, attract followers and earn extra income as they trade. But you’ll need at least $200 in your account to copy a trader. You can copy as many as 100 traders at a time.

Virtual trading

If you’re new to crypto trading and looking to get your feet wet before you plunge in, eToro will allow you to set up a virtual account and start trading with $100,000 in virtual money. With a quick flip to virtual trading, you’ll be able to transact as if you were doing the real thing. It’s a solid add-on that should help newer investors get going and help them navigate the site.

eToro Club membership

Traders may also find the eToro Club benefits useful. You’ll receive special perks such as a quarterly analyst newsletter, streaming webinars, a portfolio tracking app, a research and analysis platform, digital subscriptions to the Wall Street Journal and more.

The level of benefit depends on what eToro calls your “realized equity,” which is basically the amount of money you’ve deposited or traded into a realized profit. The more you hold with eToro, the higher your level in the program, ranging across five levels from silver to diamond.

Social media feed

The social media feed on eToro and each of its stock, ETF and cryptocurrency pages could be a useful way for traders to communicate with other traders. It’s a natural complement to the “copy trade” feature. Not only will you be able to follow specific cryptocurrencies, but you’ll also be able to track the moves of the site’s most popular traders, those who participate in its Popular Investor Program.

This melding of crypto trading and social media makes eToro feel like an innovative choice.

Smart Portfolios

Etoro has recently introduced what it calls Smart Portfolios, which allow clients to purchase a collection of assets centered around a specific theme. It could be a portfolio invested in AI stocks, for example, renewable energy or even cryptocurrency. So you can buy one of these portfolios and get a diversified collection of assets. Most portfolios are created by eToro’s investment team, though some are managed by third parties, and they’re rebalanced on a preset schedule.

Clients will need to invest at least $500 to get started here, since eToro says that’s the minimum needed to start all the positions needed for the portfolios.

Fractional shares

If you’re into buying fractional shares, eToro allows you to do that. In fact, it’s one of the easier brokerages to buy fractional shares on, in part because of how eToro sets up its trade interface. By default, you’re set up to invest a specific dollar amount. If you want to buy a specific number of shares, you can click a tab and you’ll be buying in units. Either way, you can buy a portion of a share as long as you’re investing at least $10 per trade.

However, eToro does not offer dividend reinvestment into fractional shares. Of course, you can just buy fractional shares yourself, since the trade commission is zero anyway.

Account minimum

If you’re just starting out trading cryptocurrency, it won’t take much to get started at eToro. Your first deposit must be a minimum of $10. That’s what it takes to get you into the game, and from there you’ll need to trade at least $10 per transaction. So eToro is accessible to any size trader looking to get started in cryptocurrency trading.

Cons: Where eToro could improve

Spread markup

Like other brokers — such as Robinhood — that advertise “commission-free trading” for crypto trading, eToro actually makes money on the spread between the bid and ask prices. That is, it adds an extra layer of cost, so the bid-ask prices you see on your eToro screen will differ from prices that you see in the actual market itself. This is a fairly common way to price currency trades and now many crypto brokers are using it as well. So, while brokers may honestly tout that they’re commission-free, they’re ultimately taking a cut somewhere else.

The broker does a good job clearly laying out its spread pricing, which is 1 percent for all cryptocurrencies. That pricing actually compares favorably to pricing at some brokers such as Coinbase’s entry-level service, which takes a minimum of 1.99 percent on each trade, and the fees can take an even higher percentage bite on trades at smaller dollar volumes.

However, eToro’s fees are much higher than what traders would pay at crypto exchanges, where the commissions could start at 0.35–0.40 percent and fall with higher volumes. In fact, Bitcoin and Ethereum traders may find Binance.US to be an attractive alternative, since they can trade these coins with no commissions.

If you’re interested in trading crypto, it can be worthwhile to check out some of the best brokers.

Trading platform

A typical broker might have an extensively developed trading platform with tons of tools and charts to analyze the pricing action and help predict where the security might trade. Or you might have order entry right off the platform that gets your trade into the market immediately. But that’s not the case with eToro, where it’s all stripped down and perhaps a bit too gamified.

The trading “platform” at eToro consists largely of buy buttons (corresponding to each crypto, stock or ETF) that you can mash when you’re ready to trade. You can quickly input your trade value in dollars (or units/shares, if you prefer) and then your order is routed to the market — making it tremendously simplistic at this level.

But click elsewhere on each crypto’s tab and you’re taken to the social media feed for each, and you can access charts and other research that may help you figure out how you want to trade.

This trading platform is far from those of other full-service brokers such as Interactive Brokers and even other brokers that do allow crypto trading such as Webull.

Customer service

Like other finance app start-ups, customer service is not the highest priority here. But it’s important to know that coming in so you don’t expect the full-service experience.

Here you’ll get customer support via support tickets, email and chat. A help page provides answers to frequent questions, while you wait for your official response.

Account types

You’re more likely to be trading at eToro, rather than investing for the long term. Therefore, it shouldn’t be surprising that the broker offers only an individual taxable account for retail clients. No IRAs, no joint accounts, no custodial accounts or any other kind, for that matter. That said, professional traders, corporate entities, and Islamic investors may also be able to open specialized accounts to meet their needs.

This won’t be a deal-breaker for those who are focused on exactly what eToro promises, but it also means that eToro may not be the right fit for many other kinds of investors.

Withdrawal fees

Etoro charges one of the most pesky fees we’ve seen at a brokerage: a fee to withdraw your cash. Etoro clips you $5 every time you withdraw cash to an external account. Yes, the amount is small, but we’re in an age in which many financial institutions have done away with these nickel-and-dime fees for basic account features.

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