eToro licences

Yes, in some cases. Clause 23.2 of eToro's UK client terms lets eToro refuse to pay, or take back, money you made by breaking eToro's trading rules. The trading rules give scalping, meaning very quick trades for small gains, as one example of unfair trading. Under clauses 19.2 and 19.5, eToro can also change or cancel a trade that eToro already carried out. One example is an order that eToro sees as unusual or as very large.

Yes. Clause 12.8 of eToro's UK client terms lets eToro freeze or block a withdrawal. The freeze or block applies when eToro sees signs that you broke the client terms, including the trading rules. eToro can also reverse a withdrawal that you sent to a wallet or account of another eToro company. The reversed money goes back to your eToro account.

Yes. eToro's platform includes CopyTrader, a tool that copies the trades of other eToro users into your own account. CopyTrader is part of the eToro platform on the web and in the eToro app.

Yes, but only for clients from the UAE, Qatar, Oman, Bahrain, Saudi Arabia, Kuwait, Jordan, Morocco, Egypt and Algeria. The eToro Swap-Free Account needs a minimum deposit of 1,000 USD and charges no overnight interest on open positions. After 7 days, CFD positions held overnight pay a daily administrative fee, which differs by instrument. Real stocks, ETFs and crypto carry no administrative fee.

Yes. eToro's Help Center says all 4 of its account types come with a virtual demo portfolio. The demo portfolio holds 100,000 USD of virtual money for practice trades. Under clause 12.5 of eToro's UK client terms, a person who only uses the demo account is a customer of eToro Group Limited. eToro Group Limited is an unregulated company in the British Virgin Islands. The protections for clients of eToro (UK) Ltd and eToro (Europe) Ltd start only when you pay money into the account.

eToro offers its own platform, in a web browser and in the eToro app for iOS and Android. The platform includes CopyTrader, Smart Portfolios and charts powered by TradingView. Active traders can also use etoro edge, a free trading desk in the browser that works with the same eToro account. eToro's Help Center says eToro does not support MetaTrader 4 (MT4).

An eToro withdrawal can take up to 10 business days in total, depending on the method. Under eToro's UK client terms, eToro processes a valid withdrawal request by the end of the next business day. The payment provider may then need a few more days. eToro's withdrawal FAQ gives up to 2 business days for PayPal, Neteller, Skrill and iDEAL, and instant transfers to etoro Money. For cards and bank transfers, the withdrawal FAQ gives up to 5 business days in one table and up to 10 in another.

eToro charges 1 USD to open and 1 USD to close a stock position, or 2 USD on some Asian, Australian and Middle East exchanges. Whether the stock commission applies depends on your country of residence. ETFs carry no commission, and crypto costs 1% per position. CFDs carry no commission, but eToro charges a spread, a fee set as a percentage of the position value, on opening and closing. The CFD spread starts at 0.002% on currencies, and stock and ETF CFDs cost 0.15% per trade.

eToro's Help Center names 4 account types: Personal, Professional, Corporate and Sub-Account. The Personal account is the standard retail account, and a Corporate account is for companies. A Professional account is for experienced clients of eToro (UK) Ltd and eToro (Europe) Ltd who meet 2 of 3 tests. A Sub-Account is an extra account for Platinum, Platinum+ and Diamond Club members. eToro also offers a Swap-Free Account for clients from 10 countries, the etoro ISA in the UK and retirement accounts in Australia and France.

The eToro company that holds your account depends on where you live. eToro (UK) Ltd serves UK clients, and eToro (Europe) Ltd, a Cyprus company, serves clients in the EU. Other eToro companies serve Australia, the Middle East, Singapore and the United States. Clients in some other countries can move to eToro (Seychelles) Ltd, which is supervised only offshore. eToro's UK client terms name both eToro (UK) Ltd and eToro (Europe) Ltd as service providers to UK clients. eToro (Europe) Ltd is normally the counterparty to UK clients' trades, which means eToro (Europe) Ltd takes the other side of each trade.

eToro offers stocks, ETFs, crypto, currencies, commodities and indices. You can buy stocks and ETFs outright or trade them as CFDs, which are contracts on price changes. eToro lists thousands of stocks and ETFs, more than 60 currency pairs and more than 170 crypto coins. eToro also offers Smart Portfolios, and futures for a limited group of users.

eToro's AI chatbot answers 24/7, and human chat agents work from Sunday 13:00 to Friday 23:00 GMT. Clients can also open a ticket in eToro's Customer Service Center. eToro Club members reach their account manager on WhatsApp. eToro's Imprint page gives the email customerservice@etoro.com, and eToro's UK client terms give the phone number +44 20 3868 7213.

Yes, and the limit depends on the eToro company that holds your account. Leverage lets you trade a position larger than your own money: at 1:30, each 1 USD controls 30 USD. Retail clients of eToro's UK, Cyprus, Australian and Abu Dhabi companies can use up to 1:30 on major currency pairs. eToro sets lower limits on other markets, down to 1:5 on stock and ETF CFDs and 1:2 on crypto CFDs (1:1 for UK clients). eToro (Seychelles) Ltd offers up to 1:400 on major pairs, based on what the client declares.

eToro's Help Center sets the minimum first deposit for a personal account at 50 USD in the UK, the US and most EU countries. The same Help Center table lists higher first deposits elsewhere, up to 2,000 USD in countries such as South Africa and Vietnam. eToro's deposit FAQ gives a different range for the first deposit, from 10 USD to 10,000 USD. A bank transfer deposit must be at least 500 USD, and the Swap-Free Account needs 1,000 USD.

eToro accepts cards, bank transfers, PayPal, Neteller, Skrill, Trustly, iDEAL, Przelewy 24 and its own etoro Money local currency account. Clients of eToro (UK) Ltd can use debit cards only and cannot use PayPal, Neteller or Skrill. Each withdrawal from the USD account costs 5 USD, and the minimum withdrawal is 30 USD. Platinum, Platinum+ and Diamond Club members pay no withdrawal fee, and payments out of a local currency account carry no eToro fee. eToro's fees page lists no deposit fee, but deposits in a currency other than USD pay a conversion fee.

No licence protects you from trading losses. eToro's risk warning says 55% of retail investor accounts lose money trading CFDs, which are contracts on price changes, with eToro. eToro (UK) Ltd holds authorisation from the UK Financial Conduct Authority (FCA), firm reference number 583263. Other eToro companies hold licences in Cyprus (CySEC 109/10), Australia (ASIC 491139), Abu Dhabi (220073) and Singapore. eToro (Seychelles) Ltd is supervised only offshore, by the Seychelles Financial Services Authority. eToro's UK client terms also let eToro withhold profits from rule-breaking trades and freeze some withdrawals.