Independent broker review
eToro Review 2026
- FCA
- CySEC
- ASIC
eToro is a publicly listed social-trading and multi-asset broker with FCA, CySEC and ASIC entities, built around CopyTrader rather than raw ECN FX.
Last verified How we score brokers
Pros, cons and who it is not for
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
- 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.
- Retail leverage is capped near 1:30 on the UK/EU/AU-style entities listed here.
Usually not for
- Traders who will only execute from TradingView.
- US residents who need a CFTC/NFA retail forex broker.
Licenses and Legal Entities
Match the legal entity and license number below against the account agreement before you deposit.
Platform coverage
Schematic frames of the published platform stack. These are not live account captures and do not show profits, balances or fills.
Broker overview
Trading platforms
eToro web and mobile apps, including CopyTrader where offered.
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.
Regional coverage
Widely used for social/copy trading. Minimum deposit and product set vary sharply by residence. Confirm the company named at signup.
Key features
- CopyTrader social-trading workflow
- eToro (UK) Ltd FCA 583263
- eToro (Europe) Ltd CySEC 109/10
- eToro AUS Capital Limited AFSL 491139
Verification log
Dated checks on this profile. 2026 is the first published score year.
- Published the 2026 8-pillar score for eToro. This is the baseline year — earlier ranks are not backfilled.
- Directory entity check: licences, legal names and register URLs re-verified on this profile.