eToro Review 2024

Why choose eToro

eToro stands out as an excellent choice for beginners, thanks to its user-friendly app and competitive fees. I’ve found their service ideal for investing in stocks and ETFs. What sets eToro apart is its superior copy-trading feature, which outperforms similar services from other brokers. However, it may not be the best fit for short-term traders, as its CFD fees aren’t as competitive.

Disclaimer: Cryptocurrency trading is not available in the following countries: Denmark, Estonia, Finland, Greece, Liechtenstein, Lithuania, Luxembourg, Norway, Sweden, Poland, Slovakia and Slovenia. CFD trading is not available in Spain.

Pros

Free stock and ETF trading
Seamless account opening
Social trading

Cons

$5 withdrawal fee
Only USD as base currency
Customer support should be improved

Fees

Score: 4/5

eToro offers free stock and ETF trading in most countries, while forex fees are low and CFD fees are average. On the negative side, there are non-trading fees, such as a $5 withdrawal fee.

Pros

Low trading fees
Low forex fees
Free stock and ETF trading

Cons

Inactivity fee
$5 withdrawal fee

We compared eToro’s fees with two similar brokers we selected, Trading 212 and XTB. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of eToro alternatives.

Commission-free real stock and ETFs

It’s extremely great as eToro has commission-free US stock trading.

eToro stock and ETF commission
Broker	US stock
eToro	$0.0
Trading 212	$0.0
XTB	$0.0

This applies to most countries, but for clients from Australia, Denmark, Finland, the Netherlands, Norway, Spain, and Sweden, a commission fee of $1-2 per trade is charged for stocks. However, ETFs are commission-free regardless of your country. Note that when you’re buying a real stock, not a CFD product, you cannot use leverage.

Trades that involve stocks not traded in USD (like UK or European stocks) will be converted to USD at the actual market prices by eToro, without taking any commission or markup. What’s more, eToro will also absorb any tax duty that might be due if you trade on the UK market.

Low FX fees

All fees are built into the spread, so there is no separate commission charged. For example, the EUR/USD spread is 1.0.

eToro forex spreads and commissions
Broker	EURUSD spread	FX commission per lot
eToro	1.0	No commission is charged
Trading 212	1.0	No commission is charged
XTB	0.8	No commission is charged

Average index CFD fees

All index CFD fees are built into the spread. The spread for S&P 500 index CFDs is 0.8.

eToro index CFD spreads and commissions
Broker	S&P 500 CFD spread
eToro	0.8
Trading 212	1.1
XTB	0.5

Low inactivity fee, low withdrawal fee

eToro charges $10 per month after one year of inactivity, but simply logging into your account counts as an activity. There is also a $5 withdrawal fee.

eToro inactivity, withdrawal and other fees
Broker	Inactivity fee	Withdrawal fee
eToro		$5
Trading 212		$0
XTB		$0

Other commissions and fees

Low stock CFD fees: the commission for stock CFD trading is the following – 0.15% spread per side.

Low options fees: trading German index options is charged as follows – Not available.

High spot crypto fees: at eToro, crypto trading costs 1% of trade value.

Low margin rates: the USD annual margin rate is 8.3%.

Misc. fees compared with other brokers
Broker	Apple CFD	Vodafone CFD
eToro	$2.0	–
Trading 212	$0.2	$0.4
XTB	$2.9	$3.9

Check out this article for a detailed analysis of all the fees, commissions and other charges levied by eToro.

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