de | cn | ru

eToro Review - Is it scam or safe?

eToro | eToro OpenBook Social trading platform

RATING: 3.4 / 12 REVIEWS ForexBrokerz eToro



65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.


Trading Accounts


Account type Minimum deposit Minimum trade size Maximum leverage Spreads
Standard $200 0.01 1:30 3 pips, fixed


eToro provides a single type of trading account with leverage up to 1:30 on forex, fixed spreads and low minimum initial deposit through its innovative platformя with build-in copy trading capabilities.


Swap-free accounts are available to investors of Islamic belief, and besides there are also Premium account options. eToro’s clients who have a total net deposit of $20,000 over the past 11 months or $20,000 in total equity at the end of the day, are entitled to some Premium services, such as free access to Trading Central, personal account manager, unique promotional offers, etc.


The Company. Security of Funds


eToro is an innovative forex brokerage that allows its users to watch the financial trading activity of other traders, copy them, and to make their own trades in wide range of financial assets - stocks, currencies, commodities, stock indices and real-time Bitcoin trading through its own electronic trading platforms. In fact, it provides access to one of the world's largest investment networks that allows you to benefit from the collective wisdom of the trading community.


The company operates through its subsidiaries, regulated by one of the most reputable authorities in the industry – UK’s FCA and CySEC. It has registered offices in Cyprus, Israel and the United Kingdom.





eToro (Europe) Ltd.



eToro (UK) Ltd. 




The company also had a US unit, eToroUSA (operated by Tradonomi LLC, regulated by NFA), which currently is not active and therefore eToro does not accept clients from the USA.

Both FCA and CySEC apply strict rules and requirements to regulated firms, thus ensuring a good level of credibility. Cypriot and UK brokers must hold at least €730 000 in net tangible assets, and are required to keep customer funds in segregated accounts, separated from the company’s operating funds. Besides, they must report to the authority overseeing them on a regular basis.


As a further guarantee to clients’ funds, all companies regulated in UK and Cyprus are covered by compensation schemes as additional guarantee to clients’ funds. All deposits with a UK regulated forex broker up to £50,000 per client are guaranteed by the Financial Services Compensation Scheme (FSCS) - UK’s statutory compensation scheme for clients of authorized financial services companies. Similarly, Cypriot Investment Firms are members of the Investor Compensation Fund, which is able to pay compensation up to 20,000 EUR, If the company is in default. 


In addition, brokerages regulated in Cyprus and UK are authorized to provide financial services throughout the EU under the MiFID Passporting Regime.


Trading Conditions


Minimum Initial Deposit

In order to open an account with eToro, traders have to invest at least $50, which is a comparatively low minimum initial amount.


Spreads & Commissions

eToro offers fixed spread of 3 pips on EUR/USD and charges no commission fees. Such spreads are a bit too high, as most fixed-spread brokers apply a 2pips spread, and some, even tighter. RoboForex, for example, offers a 1.6 pips fixed spread. For further information and comparison, you may look up real-time spreads of 15 leading brokers here.


The good news is that eToro’s clients don’t pay extra charges to copy other traders.



The maximum leverage provided by eToro is 1:30, which is in line with the ESMA regulations, yet many other brokers offer similar or even higher levels. Here you maty take a look at a list of brokers offering leverage up to 1:500 or higher.


Leverage is a powerful tool that allows traders to operate with large amounts of money by making relatively small investments. Unfortunately, the higher leverage, the higher the risk of losses, which may even exceed initial investments. 


Trading Platforms


eToro runs operations through its proprietary OpenBook and WebTrader platforms. Mobile applications are also available.


The WebTrader is intuitive and easy to use. It comes with a variety of features, such as 'One-Click Trading', automated strategies and some analysis indicators. Trailing Stop Loss is also available for risk better management. We wouldn't go as far as eToro’s platform unique as it doesn't offer any features you won't find on other trading terminals; however, it is pretty light and comes with a built-in trade copy functionality. One thing eToro could improve is technical analysis tools and indicators.



The WebTrader platform is fully synchronized with the eToro OpenBook, making it the perfect place to monitor, manage and analyze your trading portfolio. 


The eToro OpenBook is a separate platform designed especially for automated trading (e.g. copying signals). On it, each trader has a detailed profile allowing the rest of the flock to analyze his/her performance and figure out whether that person is worth following.


Unfortunately, eToro does not allow scalping.




eToro offers a Refer e a friend bonus of $100, as well as on-deposit bonus from 10% for clients who invest at least $2500.


Methods of Payment


eToro’s clients can make deposits to and withdrawals from their accounts via debit/credit cards (Visa, MasterCard), bank wire transfer, and e-wallets Skrill, Neteller, PayPal, Giropay, Yandex, and WebMoney.


Withdrawals via debit/credit cards & bank wire transfer may take up to 8 business days.




eToro is one of the pioneers of social trading - a broker with strong regulation and 10 years of experience. Yet, its spreads are high, there is no ECN environment available and scalping os not permitted. To sum up the above, here are the Pros and Cons with regards to this broker:


Pros Cons
Strong regulation, experienced broker High spreads
Commission-free trading High initial deposit
Advanced yet simple to use copy trading options No direct market access
Plenty of cryptocurrencies  Scalping not allowed


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Latest news about eToro All news
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

Traders` reviews for eToro


Fixed spreads EUR/USD - 2 | GBP/USD - 2 | USD/CHF - 2 | USD/JPY - 2



Low spreads

Spreads do not widen even during news releases 

No Commissions







No slippage during normal market conditions


Slippage during news releases





No requotes 


Price feed



No price manipulation and stop hunting 

Lagging prices 




Begginers Frienly

Decent charts

One click dealing 

No Autotrading

No Trailing stop






Wire Тransfer
Credit Card
Western Union 

Wire Тransfer
Credit Card
Western Union 

Customer service



Friendly Customer service reps


Request a call back

Live chat










Low spreads

User friendly platform 


Scalping restricted

Lagging prices



No me enviaron el retiro de fondos por un importe de 480,39 euros y se los llevo reclamando muchas veces desde la apertura del 28/02/2019.
Agradezco su intervencion.

Translated by Google:

They did not send me the withdrawal of funds for an amount of 480.39 euros and I have been claiming them many times since the opening of 02/28/2019.
I appreciate your intervention.

Antonio Vicente Sanchez Caridad 04/27/2019


eToro is one of the biggest scams ever:

1. - The fees are very high for cryptocurrencies.
2. - They close the markets wherever they like.
3. - The markets are not updated in real time.
3. - They don't let you close positions (pending close) when a stock is falling until you are in deep red.
4. - Many issues while trying to modify the SL and TP.
6. - They ROB you when you deposit money (EUR to USD).

And so on!

Beware of these scammers!

Unhappy client 03/04/2019

Système de traiding non protégé

le système de traiding eToro a fermé ma position n° #141233577 à 80.51% de son stop loss; j'aime bien que les personnes de l'équipe eToro corrigent cette erreur.


Not recommended gonna take all my money out from etoro

Just yesterday I lost $240 in 2 seconds because of their platform crash. They\'re unreliable. Their side is the good customer service, withdrawal requests are executed fast.

Pahunrepublic 07/06/2013

eToro: Israeli company with a Cyprus address and BVI registration

eToro is an Israeli company with a Cyprus address and a British Virgin Islands Registration. Now what kind of business arrangement is that? That is about as unaccountable as you can get. When I asked their chat representative if they have a Cyprus SEC license (which they should have if they have an office in Cyprus and are soliciting customers from Cyrpus) the rep says “of course.”

When I point out that eToro is not listed as having a license at the Cyprus SEC website I’m directed to another company that supposedly has a license,, I find they don’t have a license either. At which point the customer service rep breaks down and blabbers about their arrangement with IFX.

Clearly eToro talks the regulatory talk but they don’t walk the regulatory walk.

forexsavior, 07/27/2009

eToro interface is good, but their server is too slow

Etoro sucks! I have had the unfortunate experience of trading with them. Their interface is good, but their server is too slow and the interface/platform gets stuck very often that we lose a good amount of money if we aren't careful and glued to the screen. NOT RECOMMENDED!!!!

Vinith 07/27/2009

Over last 3 days eToro system has "crashed" 19 times

Platform shut down at the moment of my biggest winning trade! If I have no trades running, the system never crashes .

Over last 3 days system has "crashed" 19 times, all during major moves and all just at the point when I have entered trades.

Needed to log on and off 5 times before the software worked, this does't seem like a serious or honest platform!


SCAM 07/27/2009

Etoro's forex trading platform rarely works

Etoro's platform rarely works, and customers service never responds, and their never online on their online chat.

EtoroUSA doesn't work COMPLETELY, YOU CAN'T DO 1:400 NOR trade commodities. Etoro might have been good when these other comments were here, but now, Etoro is the worst, seriously. I've been with other brokers, Etoro is the WORST.

I can't even get the platform started right now! And customers support phone number, no body picks up!

Christopher 07/27/2009

eToro's servers are slow and the trading platform crashes

I lost few goods positions (crashing when changing stop loss or freezing (too) long seconds to validate an action ...)

Theirs servers are slow, we know it, they know it. But the application should manage that. I mean a server not responding is one thing, but an application that crashed because server is not responding is another thing. Even more for forex trading.

But this interface is a nice effort ! And i'm sure that developers are working on that timeout prob, at less it's what i would work on.

Tom 07/27/2009

eToro support suck and spreads are too wide

Their supposrt doesn't answer questions about their badly performing platform. I was unable to login for more than six hours when I had live trades going.

Another thing is the SPREADS!!! need i say more.. much better fixed spreads available elsewhere!

On a positive note is the bonuses, community and competionts that etoro offers, guess they need that with the peice of SH!T platform, widening spreads and support and account mng who ignores my emails.

Ian 07/27/2009

eToro platform is a casino

The first one I ever tried demo with, I was impressed with the graphics but soon I realized I was in a casino.

With every order I had to click 100 times to increase my stoploss and when I contacted them I was told there was no way to trade in Etoro's platform without a stoploss.

Other cons: delayed quotes and charts are not that live like in mt4. I dumped it.

bdfx 07/27/2009

eToro closed a trade that never reached Stop Loss!

They closed a trade that never reached Stop Loss! Market was 9 pips above my SL. THIS broker stinks big time!

Stinks! 07/27/2009
de | cn | ru