eToro Review 2026
eToro is an Israel-headquartered, Nasdaq-listed (ETOR, since May 2025) social-trading and multi-asset broker with FCA, CySEC, ASIC, FSRA ADGM, MAS and FSA Seychelles entities, built around CopyTrader rather than raw ECN FX.
- 68 / 100
- Compliant
- Israel
- ASIC
- CySEC
- FCA
- MAS
- FSA Seychelles
- FSRA / ADGM
- Min. Deposit
- $50*
- Max. leverage
- 1:30 retail (UK/EU/AU CFDs)
- Spread From
- 1.0 pip
- Commission
- $0
- Trading platforms
- eToro web and mobile apps, including CopyTrader where offered.
Key features
- CopyTrader social-trading workflow
- eToro (UK) Ltd FCA 583263
- eToro (Europe) Ltd CySEC 109/10
- eToro AUS Capital Limited AFSL 491139
Regional coverage
Widely used for social/copy trading. eToro states the minimum first deposit ranges from $10 to $10,000 depending on region ($50 in many major markets). Confirm the company named at signup.
Investor protection
UK clients of eToro (UK) Ltd may access FSCS where eligible. CySEC clients may access ICF compensation up to EUR 20,000. ASIC clients follow Australian retail rules.
Licenses and Legal Entities
Match the legal entity and license number below against the account agreement before you deposit.
FSA Seychelles · License No. SD076
eToro (Seychelles) Ltd · Global / International
Trading conditions
- Min. Deposit
- $50*
- Spread From
- 1.0 pip Standard
- Commission
- $0
- Max. leverage
- 1:30 retail (UK/EU/AU CFDs)
- Islamic
- Yes
- Trading platforms
- eToro web and mobile apps, including CopyTrader where offered.
Spreads shown are minimum values from the lowest-spread account type. Actual spreads vary by account, instrument, and market conditions. Islamic (swap-free) account availability may depend on your region and entity. Always verify directly with the broker.
8-pillar score
Weighted /100
Pros
- Holds at least one tier-1 licence (FCA, ASIC, CySEC, DFSA, CFTC/NFA or FMA).
- Multiple legal entities are documented, so you can match the company in the client agreement.
- Published minimum deposit is $50*, which is usable for a small live test.
- Islamic / swap-free accounts are published as available in supported regions.
- Copy or social trading is listed where the entity offers it.
Cons
- At least one offshore entity is in the group. Protection and leverage follow that company, not the brand name.
- Swap-free status is region-dependent, not a global default.
- Advertised spreads start from 1.0 pip, which is wider than raw ECN-style accounts.
- MetaTrader is not the primary published stack — useful for some, a gap for EA users.
Usually not for
- Traders who will only execute from TradingView.
- US residents who need a CFTC/NFA retail forex broker.
How do I choose a licensed forex broker?
Choose the entity licensed where you live — FCA (UK), CySEC (EU), ASIC (Australia) or DFSA (Dubai/Gulf) — and match its license number to the client agreement before you deposit.
Detailed explanation
A brand is not a license. Compensation, leverage caps and complaints follow the company that opens the account. CySEC covers the EEA (Cyprus ICF). FCA sits under UK rules and the FSCS. ASIC serves Australian retail clients. DFSA serves the DIFC. Offshore entities such as FSA Seychelles or FSC Belize sit outside those schemes.
Example
A UK account under an FCA-authorised company can use the Financial Ombudsman and, if the firm fails, the FSCS (up to £85,000). The same brand’s Seychelles entity would not.
Common mistake
Treating a CySEC, FCA or ASIC logo on a landing page as proof that your account is covered. Many groups onboard international clients through an offshore company. If the agreement names that company, the EU, UK or Australian compensation scheme does not apply.
Professional tip
Search the official register by license number, not only by brand. Confirm the status is authorised or active, that forex or CFDs are listed, and that the legal name matches the agreement before the first deposit.