Broker profile
eToro broker profile
Social and copy-trading platform founded in 2007, licensed by the FCA, CySEC and ASIC
- Top-tier regulators
- ASIC, CySEC, FCA
- Founded
- 2007
- Headquarters
- —
- Retail CFD accounts losing money
- 51%
About eToro
eToro was founded in 2007 and is known for social trading: members can follow other users and copy their portfolios automatically. In Europe it operates through eToro (Europe) Ltd, licensed by the Cyprus Securities and Exchange Commission under 109/10; in the UK through eToro (UK) Ltd, authorised by the Financial Conduct Authority (firm reference 583263); and in Australia through eToro AUS Capital Limited (AFSL 491139). eToro (Seychelles) Ltd holds securities dealer's licence SD076 from the Seychelles Financial Services Authority, and in the US eToro USA Securities Inc. is an SEC-registered broker-dealer and FINRA member.
Trading happens on eToro's own web platform and app rather than MetaTrader. eToro's regulation page states that 51% of retail investor accounts lose money when trading CFDs with the provider. Its site says $50 is enough to open an account, though minimums vary by country.
Strengths
- Licensed by the FCA, CySEC and ASIC through separate companies
- Copy-trading tools built into the platform
- Low published minimum to get started
Worth checking
- No MetaTrader, cTrader or TradingView trading accounts
- 51% of retail CFD accounts lose money, according to eToro
- Copying another trader doesn't reduce risk: their losses become yours
Regulation and legal entities
| Regulator | Company and licence | Tier | Status |
|---|---|---|---|
| ASIC Australian Securities & Investments Commission · Australia | eToro AUS Capital Limited AFSL 491139 | 1 | Listed by broker |
| CySEC Cyprus Securities and Exchange Commission · Cyprus (EU) | eToro (Europe) Ltd 109/10 | 1 | Checked on register |
| FCA Financial Conduct Authority · United Kingdom | eToro (UK) Ltd 583263 | 1 | Listed by broker |
| FSA (SC) Financial Services Authority Seychelles · Seychelles | eToro (Seychelles) Ltd SD076 | 3 | Listed by broker |
Accounts and platforms
- Platforms
- eToro web platform, eToro app
- Account types
- —
- Minimum deposit
- Varies by company and payment method
- Commission
- —
Sources
eToro: common questions
Is eToro regulated?
Yes. eToro (UK) Ltd is authorised by the FCA (583263), eToro (Europe) Ltd is licensed by CySEC (109/10), eToro AUS Capital Limited holds ASIC licence 491139, and eToro (Seychelles) Ltd is licensed by the Seychelles FSA (SD076).
Can I use MetaTrader with eToro?
No. eToro accounts are traded through eToro's own web platform and mobile app.
Is copy trading on eToro safe?
Copying is a way of placing trades, not a protection. When you copy someone, their losing trades are copied into your account too, and eToro states that 51% of retail CFD accounts lose money with the provider.
Member experiences
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