eToro
Social trading and investing platform whose EU customers contract with etoro (Europe) Ltd in Cyprus, regulated by CySEC
Quick Overview
| Company | etoro (Europe) Ltd |
|---|---|
| Category | Stock Trading Apps and Online Brokers |
| Headquarters | Limassol, Cyprus |
| Founded | 2007 |
| EU Presence | Yes - Cyprus (EU) |
| Data Location | Not stated on the pages checked |
| Open Source | No |
| GDPR Compliant | Yes |
| Self-Hosting | No |
| Main Features | Stocks, ETFs, crypto, CopyTrader, smart portfolios, demo account, local currency accounts |
| Pricing | Account opening and management free; withdrawals free or $5; conversion fees apply |
| Best For | Investors who want to copy other traders and hold a USD base account |
| Replaces | Robinhood, Webull |
Detailed Review
eToro was founded in 2007 and says it serves millions of users in over 75 countries. It went public on Nasdaq in 2025, according to its timeline page.
Its legal entity page lists etoro (Europe) Ltd, authorised by CySEC under licence 109/10, registered in Cyprus under HE 200585, with a registered office in Limassol; a separate etoro (UK) Ltd covers the UK.
Fees
The fee page states that account opening and management are free and that withdrawals are free or cost $5. All clients can hold funds in a USD account, and eligible clients can also hold GBP, EUR, AUD or DKK accounts.
Currency conversion fees apply in several situations, for example trading an asset in another currency or moving money between accounts.
Social Features
CopyTrader, Popular Investor programmes and investment portfolios sit at the centre of the product.
Crypto Legal Status
The legal page states that the crypto trading service is not governed by a specific European regulatory framework such as MiFID, so crypto clients do not benefit from the Cyprus Investor Compensation Fund or FSCS.
Limitations to Consider
The base account is in USD, so EU customers often face currency conversion fees. Crypto services fall outside MiFID protections and compensation schemes according to eToro itself. The parent company is listed on Nasdaq, and its country of incorporation was not confirmed on the pages checked, so this entry rests on the Cyprus contracting entity. Compare Lightyear for EUR accounts.
Who Should Use eToro
Investors who want social and copy trading with an EU contracting entity in Cyprus.
Pros and Cons
Pros
- Free account opening and management
- CySEC-authorised EU entity
- Copy trading and social features
- Wide asset range
- Local currency accounts for eligible clients
Cons
- USD base account causes conversion fees
- Crypto outside MiFID protection
- Withdrawal fee of $5 in some cases
- Parent is Nasdaq listed
Alternatives to eToro
Other European stock trading apps and online brokers worth comparing before you decide:
Lightyear
Estonia · Investing platform with zero ETF execution fees
Scalable Capital
Germany · Broker and bank with savings plans from EUR 1
Freetrade
United Kingdom · Commission-free UK investing app with ISA and SIPP
Nordnet
Sweden · Nordic bank and broker with four courtage classes
See all European stock trading apps and online brokers or compare them directly against Robinhood on our alternatives page.
Frequently Asked Questions
etoro (Europe) Ltd, authorised by CySEC under licence 109/10 and registered in Cyprus under HE 200585, according to the legal entity page.
No. The fee page lists account opening and management as free; withdrawals are free or $5.
No. eToro states its crypto service is not covered by the Cyprus Investor Compensation Fund.