eToro Review

Our verdict: eToro is a multi-asset broker, not a crypto exchange, and in our view its strength is simplicity. In the US, eToro USA LLC sells real crypto, and eToro's US fee schedule lists a standardized 1% commission on each buy and each sell. Commission-free stocks and options come through eToro USA Securities Inc., in the same app as CopyTrader. Crypto services are unavailable in Hawaii, Nevada, Puerto Rico, or the US Virgin Islands.

Who it is for, in our view: US investors interested in acquiring and holding prominent coins alongside stocks and ETFs, especially those who prioritize CopyTrader and a $100,000 demo portfolio over minimizing trading fees.

Who it is not for, in our view: active traders focused on minimizing costs (see the alternatives below), and individuals wishing to transfer most coins to a self-custodial wallet, as only 30 assets on eToro's US list can be moved to the eToro crypto wallet.

How we checked: we read eToro's US and global fee pages, its US customer agreement and help articles, its annual report and quarterly results, SEC and ASIC releases, and the ESMA and FCA registers. We also compared its fees with Kraken Pro and Coinbase Advanced. The facts on this page come from the provider's own documents, regulators, app stores and public network fee data. The scores presented here are our editorial ratings.

Is eToro safe?

We consider eToro to be among the safer brokers for purchasing crypto, but note that no compensation scheme covers the crypto you hold with them. Its parent company became publicly listed on Nasdaq in 2025. In the US, eToro USA LLC is registered with FinCEN as a money services business, and eToro NY LLC possesses a New York BitLicense. eToro (Europe) Ltd is authorized by CySEC under MiCA, and eToro (UK) Ltd is on the FCA register.

According to eToro's annual report, client crypto is kept in segregated omnibus wallets with both hot and cold storage, and no cybersecurity incidents have materially affected eToro. Accounts offer two-factor authentication. We didn't find any published proof of reserves, and eToro's US pages indicate crypto holdings aren't FDIC or SIPC insured.

In September 2024, eToro USA LLC agreed to pay $1.5 million to settle SEC charges related to operating as an unregistered broker and clearing agency, without admitting or denying the findings. ASIC's 2023 lawsuit against eToro AUS Capital concerning its CFD product is still ongoing. We think it's better to keep long-term holdings in your own wallet, though only supported assets can be withdrawn from eToro.

eToro fees

eToro applies a 1% fee to each crypto purchase and sale, along with the market spread, instead of maker and taker fees.

• US users face a standardized 1% per buy or sell.
• Outside the US, Bronze, Silver, and Gold Club members pay 1%, with lower rates available from Platinum level onwards.
• Moving Bitcoin to your own wallet costs 2% to transfer into the eToro crypto wallet (minimum $1, maximum $100), then only a varying network fee applies.
• Cash withdrawals are free for eToro USA customers. Elsewhere, they are free from local currency accounts, and $5 from a USD account.

There is no overnight or custody fee on crypto you own.

Where eToro is available

eToro is accessible in the US for crypto via eToro USA LLC, and in New York through eToro NY LLC, which holds a BitLicense from NYDFS. Crypto trading isn't available in Hawaii, Nevada, Puerto Rico, or the US Virgin Islands. Staking services aren't provided in California, Hawaii, Maryland, New Jersey, New York, Nevada, Puerto Rico, Wisconsin, Washington, or the US Virgin Islands. CopyTrader isn't available in all states, and New York residents can trade 39 crypto assets instead of the 114 on eToro's primary US list.

Outside the US, eToro (Europe) Ltd operates in the European Economic Area with a CySEC license and a MiCA authorization. eToro (UK) Ltd covers the UK under FCA supervision, while eToro AUS Capital serves Australia under an ASIC license. eToro does not accept clients from Canada.

eToro fact sheet

• Operator for US crypto: eToro USA LLC (eToro NY LLC in New York), part of eToro Group Ltd. (Nasdaq: ETOR), established in 2007
• Crypto assets: 114 on the US list, 39 in New York, more than 150 on the global platform
• Crypto fee: 1% per buy and sell in the US. Outside the US, lower rates from the Platinum Club tier
• Moving Bitcoin off eToro: 2% into the eToro crypto wallet (minimum $1, maximum $100), then a network fee that varies
• Cash withdrawals: free for eToro USA customers. Elsewhere free from local currency accounts and $5 from a USD account
• US payment methods: debit card (up to $40,000 per transaction), bank account, PayPal, and wire. No credit card listed
• App ratings: 4.39 from 9,933 ratings on Apple's US App Store, 4.0 from 157K reviews on Google Play in the US

Real crypto or a CFD?

When opening a non-leveraged buy, eToro indicates you own the underlying crypto asset. In the US, this is the only type of crypto position available. eToro USA's customer agreement excludes leverage, mandates full funding for purchases, and disallows short sales.

Outside the US, eToro handles short selling and leveraged crypto positions as CFDs, contracts that track prices without transferring the coin. A crypto CFD incurs 1% per trade plus overnight fees, and eToro's risk advisory notes 51% of retail investor accounts incur losses when trading CFDs with eToro. Clients in the UK are barred from trading crypto CFDs due to FCA regulations effective since January 6, 2021. eToro's help center says that for residents of Egypt, Estonia, Jordan and Qatar all crypto trades are CFDs, and its fee page says some non-leveraged buys elsewhere may also be executed as CFDs.

What eToro costs in practice

eToro charges a single crypto fee instead of separate maker and taker fees. In the US, its fee page lists a standardized 1% commission per transaction, so opening and closing a position costs 1% each time, in addition to the market spread, which eToro says is not a charge it imposes. Positions without leverage incur no overnight or custody fees.

Outside the US, the Club reduces the crypto fee for Platinum, Platinum+, and Diamond members as their monthly crypto volume increases, for Platinum from 0.95% to 0.10% above $10M, and Platinum can also be acquired via subscription starting at $4.99 monthly.

Moving crypto off eToro involves two steps. Transferring from the investing app to the eToro crypto wallet costs 2% of the transferred amount, at least $1 and at most $100, charged in the coin. For Bitcoin, the minimum transfer is 0.003613760941 BTC. Sending from the wallet to an external address bears no eToro fee, only the network fee. In the US, eToro requires confirmation that you own the receiving wallet, and Bitcoin wallets must support message signing.

Cash withdrawals come at no charge for eToro USA customers. Outside the US, local currency account withdrawals are free, while withdrawals from a USD account incur a $5 charge, and conversion fees apply to deposits and withdrawals in currencies other than the dollar. eToro says it no longer charges an inactivity fee as of May 28, 2026.

Security, regulation and what protects your money

eToro maintains client crypto in segregated omnibus wallets using hot and cold storage, as stated in its annual report. eToro offers two-factor authentication for account access and recommends turning it on. Its parent is a Nasdaq-listed company that releases quarterly results, which we believe provides more transparency compared to brokers without public accounts.

In the US, eToro USA LLC is registered with FinCEN as a money services business, and its state money transmitter licenses are listed on its disclosures page. eToro NY LLC holds a New York BitLicense, while stocks and options are managed through eToro USA Securities Inc., a broker-dealer registered with the SEC and a member of FINRA. In the European Economic Area, eToro (Europe) Ltd holds CySEC license 109/10 and has been authorized under MiCA since January 2025, according to the ESMA register. The FCA register lists eToro (UK) Ltd under reference 583263, and other eToro companies hold licenses in Australia, Singapore, Abu Dhabi, and the Seychelles.

No compensation scheme covers crypto. eToro's US pages say crypto holdings are not FDIC or SIPC insured, and in the EEA the Cyprus Investor Compensation Fund covers up to €20,000 for investment services, not for crypto. We found no published proof of reserves or attestation for eToro; its annual report says only that eToro accounts for and continually verifies the crypto assets on its platform.

Incidents and legal history

SEC settlement in the US

In September 2024, eToro USA LLC agreed to pay $1.5 million to settle SEC charges that it operated an unregistered broker and an unregistered clearing agency, without admitting or denying the findings, and afterwards US customers could trade only Bitcoin, Bitcoin Cash and Ether. During 2025 eToro expanded its US list again to more than 100 crypto assets and brought back staking; it says the expansion does not violate the order.

ASIC lawsuit over CFDs

In 2023, ASIC took legal action against eToro AUS Capital in the Federal Court over its CFD product, alleging breaches of design and distribution obligations. ASIC seeks penalties; its case page lists hearings in April 2026 and no judgment yet rendered.

Other regulatory matters

In March 2025, SEC examination staff sent eToro USA Securities Inc. a findings letter on recordkeeping, customer account maintenance and net capital, according to eToro's annual report. In 2018 eToro (Europe) Ltd paid an administrative penalty in Ontario and stopped serving Canada. eToro's annual report says no cybersecurity incident has materially affected it.

Alternatives to eToro

We believe eToro is more appropriate for buy-and-hold investors than for active crypto traders. For lower trading fees in the US, consider Kraken: Kraken Pro charges 0.40% maker and 0.80% taker at its first tier, provides spot margin to eligible US clients, and offers futures through Kraken Derivatives US, along with proof-of-reserves snapshots. However, it does not service residents of New York or Maine. Our Kraken review covers the details.

For a crypto-only application available in every US state, including Hawaii and Nevada, consider Coinbase, which lists more than 400 crypto assets with active markets. See our Coinbase review and our comparison Coinbase vs Kraken. Additional options are in our list of exchanges for US customers and, outside the US, our list of brokers for direct crypto purchases.

FAQ

Can US customers use eToro for crypto?

Yes, except in Hawaii, Nevada, Puerto Rico, and the US Virgin Islands. New York residents operate through eToro NY LLC and have access to a more limited list of 39 crypto assets.

What does it cost to withdraw from eToro?

Cash withdrawals incur no charge for eToro USA customers and cost $5 from a USD account elsewhere. Moving crypto first to the eToro crypto wallet costs 2%, capped at $100.