eToro
Social and copy trading for beginner investors
How it works
eToro is a social investing platform that combines self-directed trading with community features. You can buy US stocks and ETFs commission-free, trade cryptocurrencies, or use CopyTrader to automatically mirror the portfolios of experienced investors. The platform also offers themed Smart Portfolios, an educational academy, and a virtual demo account for risk-free practice.
Is it right for you?
Consider if you
- You want to automatically copy portfolios of experienced investors
- You want a social community and news feed alongside your investments
- You're a beginner seeking an easy-to-use multi-asset platform
Skip if you
- Active traders needing advanced charting comparable to TradingView
- Investors wanting retirement accounts — eToro does not offer IRAs
Your money and data
eToro USA Securities Inc. is an SEC-registered broker-dealer and FINRA/SIPC member. Your invested assets in stocks and ETFs are SIPC-protected up to $500,000. Cryptocurrency holdings through eToro USA LLC are not SIPC-protected. eToro clears through Apex Clearing Corporation. eToro is not a bank and no eToro entity is FDIC-insured.
Pros & Cons
Pros
- CopyTrader mirrors top investors automatically with $200 minimum per trader
- Smart Portfolios offer themed investments with no management fee
- Free $100,000 virtual demo account for risk-free practice
Cons
- 1% crypto spread markup is significantly higher than dedicated exchanges
- No retirement accounts — individual taxable account only in the US
- BBB rating of F with unresolved customer complaints and past SEC action
Pricing details
$0 US stock/ETF trades · 1% crypto spread · $5 withdrawal fee · $10/month inactivity fee after 12 months
On etoro.com · We may earn a commission
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