eToro Review
Verdict (At a Glance)
Best for
- UK investors who want a multi-asset trading and investing platform with social and copy-trading features.
- Beginners who want a simple bridge into investing and trading without complex professional tools.
- Those interested in copy trading, fractional stocks/ETFs and easy entry into markets.
Not ideal for
- Active day traders or high-frequency scalar traders seeking tightest spreads or institutional execution tools.
eToro
FCA-regulated multi-asset platform combining stocks, ETFs, crypto and CFDs with social and copy-trading features.
- Min. Deposit
- £50
Affiliate link · Disclosure
Who This Review Is For
This review is for UK-based traders and investors who:
- Want a regulated, multi-asset broker under FCA oversight.
- Are interested in stocks, ETFs, crypto, and CFDs on a single platform.
- Prefer easy-to-use mobile and web interfaces.
- Are attracted by social trading and copy trading.
- Want to compare cost and experience before choosing a broker.
Evaluation Criteria
We assessed eToro on:
- Regulation & safety (FCA and international licences).
- Cost structure (fees, spreads, withdrawals, conversions).
- Platform usability and features.
- Asset range and product quality.
- Public user feedback and trust signals.
Overview: eToro at a Glance
eToro is a multi-asset online broker with millions of users worldwide, regulated in the UK by the Financial Conduct Authority (FCA). It combines trading, investing and social elements (like CopyTrader) with a broad but not exhaustive asset set.
Strengths
- ✔FCA-regulated and globally licensed broker.
- ✔Multi-asset access: stocks, ETFs, crypto, CFDs and more.
- ✔Easy-to-use platforms on web and mobile.
- ✔Social and copy-trading features for beginners.
Limitations
- ✘Fees apply on some trades (e.g. spreads, crypto, withdrawals).
- ✘Not the lowest-cost broker for active forex/CFD execution.
- ✘Mixed user feedback on customer service in some cases.
Regulation & Safety
eToro (UK) Ltd is authorised and regulated by the Financial Conduct Authority (FCA) in the UK (Firm Reference Number: 583263). Client funds are held in segregated accounts, and eligible retail clients may be protected up to applicable limits by the Financial Services Compensation Scheme (FSCS). eToro also operates under multiple global licences (e.g., CySEC, ASIC) and is publicly traded, adding layers of regulatory scrutiny and disclosure.
When to avoid: If you prefer brokers solely focused on leveraged CFD execution with ultra-tight spreads for short-term trading.
Platforms & Tools
eToro's platforms include a web and mobile trading app with a clean, beginner-friendly interface, social trading to follow and copy other traders' strategies, fractional investing in stocks and ETFs accessible with small amounts, and watchlists, alerts, and educational content built into the experience. The platform is often regarded as intuitive and accessible, though more advanced traders may miss professional charting and order-type depth offered by specialist platforms (MT4/MT5, cTrader).
Costs & Fees
eToro's fee structure includes multiple components. Commission-free trading on many stocks and ETFs, though there may be small execution fees or flat per-trade charges in some regions. Spreads on forex, CFD and derivative trades vary by asset and are a primary source of cost. Withdrawals typically have a flat fee (e.g., USD 5). Currency conversion fees apply if your account currency differs from trade currency. Inactivity fees are charged if the account is unused after a long period. Crypto trades often include a spread or percentage fee on buy/sell. While many products are labelled 'commission-free,' eToro still earns via spreads and ancillary fees — it is not a zero-cost broker.
Asset Coverage
eToro offers UK users access to stocks and ETFs (many available for commission-free trading), cryptocurrencies (available to trade, but not FSCS protected), CFDs on forex, indices, commodities and other markets, and fractional shares accessible with smaller investment amounts. The platform's breadth suits a combination of long-term investing and trading strategies rather than pure professional market execution.
Customer Feedback Snapshot
On Trustpilot, eToro maintains around a 4.2/5 average rating, with tens of thousands of reviews. Many users praise the platform's ease of use and community features, while some report mixed experiences with customer support or specific fee misunderstandings. User opinions range from highly positive feedback on service and platform quality, to isolated complaints about delays or account issues.
Cost Comparison Logic
Compared with brokers focused on execution quality, eToro trades stocks/ETFs with no standard commission but may levy flat or conversion fees. Forex and CFDs use spreads, which are generally wider than raw spread accounts offered by execution-only brokers. Withdrawal and inactivity fees mean holding and non-trading costs should be factored into long-term planning. Understanding the mix of commission-free labels and spread costs is key to comparing eToro with low-cost execution brokers like Pepperstone or XTB.
Risks & Considerations
- Leverage and CFDs carry risk of rapid losses.
- Crypto assets are volatile and not covered by FSCS protection.
- Fee structures vary by product — 'zero commission' does not mean no cost.
- Spreads can widen in low-liquidity environments.
- All investing and trading products involve risk of capital loss.
Frequently Asked Questions
Methodology & Disclosure
This review is based on third-party expert sources, official platform disclosures, and public user feedback. It is neutral and does not constitute financial advice. eToro may feature in affiliate programmes, but evaluations are impartial.
Alternatives to eToro
Capital.com
FCA-regulated CFD and spread betting broker with an intuitive platform suited to beginners and cost-conscious traders.
- Min. Deposit
- £20
Affiliate link · Disclosure
Pepperstone
Execution-focused CFD and forex broker with tight raw spreads, MT4/MT5/cTrader access and FCA regulation.
- Min. Deposit
- £0
Affiliate link · Disclosure
IG
One of the UK's largest and longest-established brokers, offering CFDs, spread betting, shares, ETFs, ISA and SIPP under FCA regulation.
- Min. Deposit
- £0
Affiliate link · Disclosure
Affiliate Disclosure: We may receive compensation when you click on links to brokers and products featured on this site. This compensation does not influence our rankings, reviews, or recommendations. We maintain editorial independence and provide objective comparisons. Read our full disclosure policy.
Risk Warning: This website does not provide financial, investment, or trading advice. All information is for educational purposes only. Trading and investing involve substantial risk of loss. You should carefully consider your financial situation and consult with qualified professionals before making any financial decisions.
Last updated: 2026-01-15