Etoro Review 2025 – Is it a Scam or Legit Broker?

 

Verdict on Etoro Based on Hands-on Experience

After using eToro on a daily basis for more than 5 years, I would describe my overall experience as positive but with notable caveats. The platform excels in accessibility – I love how easy it is to buy a variety of stocks and cryptos commission-free, and the social/copy trading features add a unique communal feel to investing. That said, eToro is not perfect. I’ve learned to live with the wider spreads and fees in exchange for the convenience, but these costs can eat into short-term trading profits. Customer support and some platform quirks (like occasional lag or withdrawal delays) have tested my patience at times, though I’ve always eventually received my funds and issue resolutions. Importantly, I feel that my money is safe with eToro thanks to EU regulations, even if their compliance processes can be overzealous. In the end, eToro has been a reliable all-in-one platform for my needs, but I use it with an understanding of its limitations – I stick to longer-term investing and moderate CFD trades, and for anything requiring ultra-tight spreads or advanced tools, I’d look elsewhere.

In first-person terms: I’m satisfied with eToro as a convenient trading partner, but I stay vigilant and wouldn’t put “all my eggs in one basket”.

BestOnlineForexBroker.com™ experts rated Etoro broker with Quality Score of 8 out of 10 as the Best Broker for Social trading 2025.

---

Quality Score: 8/10 Above Average

Etoro’s Pros & Cons

 

61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Financial Assets

The broker eToro offers thousands of different assets (currently 6,000+) for trading and investing, from which everyone can choose.

Physical stocks and ETFs. CFDs on stocks, ETFs, commodities, forex, indices, and cryptocurrencies are all currently included in eToro’s offering.

The range of CFD instruments is slightly lower than that of brokers XTB but it is sufficient for most investors. The same can be said for physical stocks and ETFs (eToro even surpasses XTB in terms of the number of physical stocks).

Some assets are simply missing from eToro’s offering, such as bonds, mutual funds, options, and futures.

Charting technical analysis tools

Charting was almost flawless, there are all main chart types to choose from whether you fancy the classic candlestick, bar, line, hollow candle,  mountain etc they have it all. Y

You can also switch between various time frames starting at  1 minute all the way up to 1Week. It was also easy to zoom in and out.

Etoro Copy Trading Review

eToro’s most famous feature is its CopyTrader system – the ability to copy other traders’ portfolios and trades automatically. As a European investor, I was intrigued by this and have tried copying a couple of “Popular Investors” on the platform to see how it works.

The concept is straightforward: you allocate a portion of your capital to copy a specific trader, and then whenever they trade, your account will mirror those trades in proportion.

There are also CopyPortfolios/Smart Portfolios managed by eToro which are more like thematic funds.

From my personal use, I’d say CopyTrader is easy to use and can be effective, but you must do due diligence on who you copy. eToro provides stats like historical performance, risk score, and drawdown for each Popular Investor – I always examine those closely. It’s wise to diversify (copy multiple people) and be ready to stop copying if their strategy no longer fits your risk tolerance. Risks include the fact that a trader might change their behavior, take on too much risk, or the markets simply turn against them. There have been periods where top copied traders on eToro suffered big losses (for instance, many who rode the 2021 crypto wave had large drawdowns in 2022).

It’s not a guaranteed money-maker, and as some users point out, blindly copying without learning can be dangerous. On the positive side, it does allow newcomers to learn by observing trades of veterans, and it adds a social community element to what can otherwise be a solitary activity. In summary, CopyTrader works as advertised – you really do replicate others’ trades – but the performance outcome depends on who you follow and market conditions. Use it as a tool to complement your own learning, not a set-and-forget shortcut to riches.

eToro Customer Support Quality Review

In summary, customer support on eToro is a known pain point. It’s not universally bad – I’ve had polite and helpful interactions – but the consistency and speed of resolution could be much better. If you’re coming from brokers that assign personal account managers or have phone support, you might find eToro’s support experience below par. The company has grown very fast, and sometimes it shows in the form of support backlog. Many traders have expressed that they feel support only truly prioritizes high-net-worth “Club” members, while smaller retail clients have to wait longer.

My advice as a user is: make sure to have all your account verification documents in order to avoid preventable delays, and be patient (but persistent) if you need an issue resolved. It does get solved eventually in most cases, but it might take longer than you’d like.

From a European perspective, it’s worth noting that eToro’s Cypriot registration means there is an ombudsman/complaint route via CySEC if you really hit a dead-end with their support on a serious issue. But obviously, no one wants it to get to that stage. For most routine matters (basic questions, how-to help), support is okay and there is a sizable Help Center/FAQ section on eToro’s website that addresses common issues. However, if something out-of-the-ordinary happens (like a technical glitch affecting your trades or a complicated account issue), expect to be persistent with follow-ups.

One positive aspect is that eToro has a strong community forum and presence. They have official social media and community managers. While these aren’t a direct support line, sometimes minor questions can be answered by community members or the many guides available. Also, for European clients, support is not 24/7 (it’s generally 24/5 on business days). During weekends, urgent help might be limited if something goes wrong with crypto trading, for instance.

eToro Demo Account

Before you decide to deposit real cash, you can play on practice demo account with $10.000 virtual cash. I tested eToro demo account and luckily all functionalities and perks that are at disposal in real version were also available demo! Meaning, you can let the trades run overnight, copy top investors, place your own trades and strategies without any problem.

Demo account is available without time restriction, so it is completely up to you whether you deposit in 10 days or later.

Etoro Withdrawal Review

Withdrawals tend to be slower. eToro’s official timeframe for withdrawals is up to 1-2 business days to process the request, plus whatever time the payment provider takes. For me, withdrawals to my bank usually reach within about 3-5 business days from the request. In my experience, deposits via card or e-wallet show up in your account balance immediately (with the caveat of the currency conversion to USD if you deposit in EUR/GBP). Bank transfers take a few business days, as expected.

Reliability-wise, I have always received my withdrawals, and eToro is a regulated entity so it’s not in their interest to withhold client funds without cause.

Compare eToro vs. Competition

We compared eToro vs. Plus500 for you.

61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Risk Disclaimer: eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results. Copy trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more – eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

About Author