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Rank #21 Social & Copy Trading

eToro

Best for retail investors seeking CopyTrading and multi-asset exposure, but less ideal for active crypto traders due to a flat 1% crypto fee and transfer restrictions.

7.2 ExchangeRank Score 120,000+ user reviews
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Spot Fee
1.00% per trade (buy/sell)
Futures Fee
Varies on CFDs (spread-based)
Coins
100+
App Rating
4.4

Key Features

  • Social CopyTrader
  • Spot Crypto Trading
  • Commission-Free Stocks & ETFs
  • Smart Portfolios
  • eToro Money Wallet
  • Virtual Demo Trading Account

Rating Snapshot

Security 9.1/10
Fees 6.2/10
Ease of Use 9.0/10
Asset Variety 8.5/10
Futures 4.5/10
Support 7.0/10

Fee Breakdown

Fee Type Rate
Spot Trading (Maker) 1.00% per trade (buy/sell)
Spot Trading (Taker) 1.00% per trade (buy/sell)
Futures (Maker) Varies on CFDs (spread-based)
Futures (Taker) Varies on CFDs (spread-based)
Withdrawal Fee Varies by asset
Deposit Fee Free (crypto)

Pros & Cons

Pros

  • Pioneer in social investing and automated CopyTrader features
  • Strict regulatory licensing across FCA, ASIC, CySEC, and US entities
  • All-in-one platform for crypto, stocks, ETFs, and commodities
  • Clean, user-friendly mobile and web trading interfaces

Cons

  • 1% flat fee on crypto transactions is higher than native crypto exchanges
  • Cumbersome 2-step process and 2% fee to transfer crypto off-platform
  • $5 fiat withdrawal fee and $10 monthly inactivity fee after 12 months

User Reviews

M

Mark_Investor_UK

App Store May 2026

CopyTrader has been a game changer for my passive income portfolio. I allocate part of my funds to top crypto traders and let them manage the rebalancing automatically.

C

Crypto_HODLer_88

Trustpilot March 2026

Extremely frustrating if you actually want self-custody. You can't just send BTC to your hardware wallet. You have to move it to the eToro Money app first, pay a 2% fee, and then send it out.

S

Sarah_Trading_US

App Store January 2026

Very sleek design and great for keeping my stocks and crypto in one single app. However, watch out for the 1% crypto fee on both buying and selling.

D

David_G_AU

Trustpilot November 2025

Good safety features and regulated, but the $5 withdrawal fee and conversion rates on AUD deposits feel unnecessary compared to local exchanges.

F

Fintech_Guru

App Store September 2025

The demo account with $100k virtual money allowed me to test out copy trading strategies for three months before risking real funds. Highly recommended for beginners.

Top Alternatives

Full Review

Founded in 2007, eToro is a pioneer in social trading and multi-asset investing, serving tens of millions of users globally. Holding an overall ExchangeRank score of 7.2 out of 10, eToro stands out for its popular CopyTrader feature, allowing users to automatically mirror top-performing traders, alongside zero-commission stock investing and regulated crypto trading across major international jurisdictions.

Fees and Trading Costs

eToro achieves a fee score of 6.2 out of 10. While standard stock and ETF trades are commission-free, crypto purchases carry a flat 1.00% markup added to the market price upon buying and selling. Furthermore, eToro charges a $5 flat withdrawal fee for USD accounts, a $10 monthly inactivity fee after 12 months without login, and currency conversion fees for non-USD deposits unless using local currency account features.

Security and Trust

eToro scores an impressive 9.1 out of 10 in security and regulatory compliance. It holds licenses from top-tier authorities including the FCA (UK), ASIC (Australia), CySEC (Cyprus), and FINRA/FinCEN (US). User fiat deposits are protected up to statutory limits depending on jurisdiction, and crypto holdings are backed by stringent multi-signature cold storage infrastructure.

Supported Assets and Trading Products

Scoring 8.5 out of 10 in asset variety, eToro offers 100+ top cryptocurrencies alongside 3,000+ global stocks, ETFs, indices, and commodities. Its flagship feature is CopyTrader, enabling users to automatically rebalance their capital to match elite traders. Additionally, eToro offers Smart Portfolios (curated themed baskets) and the eToro Money wallet for transferring select crypto assets to external wallets.

Who Should Use eToro

eToro is ideal for casual investors and beginners who want a social, hands-off investing experience across both crypto and traditional stock markets. With an ease-of-use score of 9.0 out of 10 and mobile app ratings averaging 4.4 out of 5 stars, it caters to users who prefer passive portfolio allocation rather than micro-managing active technical setups on dedicated order books.

Limitations and Risk

The primary limitations of eToro revolve around crypto transfer flexibility and non-trading fees. Transferring crypto off eToro to an external wallet requires using the separate eToro Money app and incurs additional transfer fees (2% transfer fee up to capped amounts). Furthermore, high-frequency traders will find the 1% flat crypto fee and lack of advanced spot/futures order book tools prohibitive.

FAQ

Can I withdraw my crypto directly from eToro to my personal hardware wallet?

No, you cannot directly send crypto to an external address from the main platform; you must first transfer eligible coins to the eToro Money crypto wallet app (incurring a 2% transfer fee), and then send them out to an external wallet address.

Why did eToro charge me a $5 fee when withdrawing my funds?

eToro charges a standard $5 processing fee on all fiat withdrawals from USD-denominated accounts (minimum withdrawal amount is $30).

Does eToro charge high fees for buying Bitcoin?

eToro applies a flat 1.00% fee on all crypto buy and sell transactions, which is added directly into the market quote upon trade execution.

Sources: ExchangeRank source data, official eToro website, app store and Trustpilot references when available.

Our Verdict

Best for retail investors seeking CopyTrading and multi-asset exposure, but less ideal for active crypto traders due to a flat 1% crypto fee and transfer restrictions.

Official Website

Website URL etoro.com