ETORO COPY TRADING REVIEW 2026
eToro is the benchmark for social copy trading with 40M+ registered users and a Nasdaq listing. Zero copy trading fees and the easiest onboarding, but higher spreads and no MetaTrader support.
OUR VERDICT
eToro is the undisputed king of social copy trading with 40M+ registered users, a Nasdaq listing (ETOR), and zero copy trading fees. Copy up to 100 traders simultaneously with $200 per trader. Client funds held at JP Morgan, Deutsche Bank, and Coutts add institutional-grade security. The trade-off is wider spreads (1.0 pip EUR/USD), a $5 withdrawal fee on USD accounts, no MetaTrader support, and live chat restricted to Club members with $5,000+ equity.
DETAILED SCORES
Trust & Regulation
94FCA, CySEC, ASIC regulated. Nasdaq listed (ETOR, May 2025). Funds at JP Morgan/Deutsche Bank/Coutts. Some past controversies.
Copy Trading
98Industry-leading CopyTrader. Copy up to 100 traders, $200 min per trader, zero fees. Smart Portfolios. 40M+ user network.
Fees & Spreads
741.0 pip EUR/USD (spread-only). $5 withdrawal fee (USD). 1.5% card/PayPal conversion. $10/mo inactivity after 12 months.
Platform & UX
84Proprietary web and mobile platform only. No MT4, MT5, or cTrader. Polished UI but limited for advanced traders.
Asset Selection
946,000+ instruments: 4,100+ stocks (real ownership), 432+ ETFs, 130+ crypto, 55 forex, 32 commodities.
Customer Support
72Live chat only for Club members ($5K+ equity). Email ~48hr response. 24/7 AI chatbot. Phone: US only.
PROS
Largest Social Trading Network
40M+ registered users, 3.63M funded accounts. $20.8B assets under administration (76% YoY growth). Verified track records and risk scores.
Zero Copy Trading Fees
No additional charges for CopyTrader. Copy up to 100 traders simultaneously. Only standard spreads apply.
Nasdaq Listed (ETOR)
IPO May 14, 2025 at $52/share raised $713M. Public company with audited financials. Valued at ~$5.64B.
Institutional Fund Security
Client funds at JP Morgan, Deutsche Bank, and Coutts. FSCS up to GBP 85,000. Private insurance up to EUR 1,000,000.
Broadest Asset Range
6,000+ instruments including 4,100+ real stocks (ownership, not just CFDs), 432+ ETFs, 130+ crypto. MiCA license (Jan 2025).
CONS
Wider Spreads Than ECN Brokers
1.0 pip on EUR/USD is roughly 5x higher than IC Markets Raw (0.02 pips). No raw/ECN account option available.
No MetaTrader or cTrader
Proprietary platform only. Not suitable for traders who rely on MetaTrader EAs or indicators.
$5 Withdrawal Fee (USD)
Charged per withdrawal on USD accounts. Free for EUR/GBP. Minimum withdrawal is $30.
Live Chat Restricted to Club Members
Live chat only for members with $5,000+ equity. Standard users get email (~48hr response) and AI chatbot.
1.5% Currency Conversion on Cards
Card and PayPal deposits carry 1.5% fee. Bank transfers lower at 0.4%. Club Platinum gets 50% discount.
COMPANY HISTORY
Founded in Tel Aviv as RetailFX by Yoni Assia, Ronen Assia, David Ring
Launched OpenBook social trading platform
Introduced CopyTrader feature
Added cryptocurrency trading
20M users. GameStop controversy over forced stop-losses.
Nasdaq IPO (ETOR) at $52/share. MiCA crypto license. AI tools. 40M+ users.
READY TO START?
Open an account with eToro today and start copy trading with as little as $50.
Risk Warning: CFDs are complex instruments with high risk of losing money rapidly due to leverage. 67-84% of retail investor accounts lose money when trading CFDs.