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The social-trading pioneer. eToro lets you automatically copy other traders across a 30M+ user network, alongside stocks and crypto — all from one famously easy app.
eToro practically invented social trading, and its CopyTrader feature remains the best in the business — letting you automatically mirror the trades of investors you choose. With a 30M+ user network, an extremely approachable app and access to stocks and crypto as well as forex CFDs, it’s a natural home for beginners and hands-off traders.
The trade-offs are cost and tooling: forex spreads are wider than the ECN specialists, and there’s no MT4/MT5, so it’s not built for EA traders. But for copy trading and a gentle on-ramp to the markets, nothing else comes close.
Bottom line: the copy-trading leader. Ideal for beginners and social traders — but look elsewhere if you want raw spreads or MetaTrader EAs.
eToro charges via the spread (around 1.0 pip on EUR/USD), with no separate commission on forex CFDs. Watch for a withdrawal fee, a currency-conversion fee on non-USD deposits, and an inactivity fee after a long dormant period. Always review the current fee schedule.
eToro is regulated across multiple jurisdictions including the FCA (UK), ASIC (Australia), CySEC (EU) and MFSA, with separate entities for different regions (and a US entity for US users). Client funds are held in line with each regulator’s requirements — check which entity applies to you.
The eToro platform (web and mobile) is built around social trading: discover and copy traders, follow market sentiment and join the community feed. It’s polished and beginner-friendly, but there’s no MetaTrader and the charting is lighter than dedicated forex platforms.
| Founded | 2007 | Min deposit | $50 |
| EUR/USD from | ~1.0 pips | Speciality | Copy trading |
| Platforms | eToro web & mobile (CopyTrader) | Demo | Yes |
| Regulators | FCA · ASIC · CySEC · MFSA | ||
CopyTrader lets you allocate funds to automatically mirror the trades of another investor in real time. It’s a hands-off way to follow more experienced traders — though past performance never guarantees future results, and your capital is still at risk.
No — eToro uses its own platform and doesn’t offer MT4/MT5. If you run Expert Advisors, choose an MT4/MT5 broker like Pepperstone or IC Markets with a VPS.
Yes — eToro operates regulated entities under the FCA, ASIC, CySEC, MFSA and others, with a separate US entity for US users. The entity you trade with depends on your country.
How we compiled this review. This review is based on eToro’s publicly published account terms, regulatory disclosures, platform information and pricing, combined with independent research and analysis of its reputation across the trading community, accurate as of May 2026. Spreads, fees, regulation and product availability vary by entity and region and change frequently; figures are indicative, not guaranteed. Copy trading carries risk and past performance does not guarantee future results. We are not regulated to give financial advice and have no affiliation with eToro. Always confirm current terms — and that the broker accepts clients from your country — on the eToro website before opening an account. Parts of this site are AI-generated or AI-assisted and may contain errors. See our full disclaimer and methodology.
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