eToro USA Review 2025

Pros

• eToro USA Securities is a reliable broker that's regulated by the SEC, part of FINRA, and a member of SIPC.
• A free demo account enables new users and potential traders to test the broker without risk.
• The broker's Academy provides extensive educational resources for traders, ranging from beginners to advanced levels.
• The online broker provides a user-friendly social investment network for easy crypto trading replication.
• The low minimum deposit and simple account setup allow beginners to start trading quickly.

Cons

• The exclusive terminal does not accommodate trading bots and lacks extra equity market analysis tools.
• Traders used to third-party charting tools won't find MetaTrader 4 platform integration.
• There are fewer trading options available, including only stocks, ETFs, and cryptos, compared to competitors.
• Average fees can reduce the profits of traders.

eToro USA is a top online trading broker known for its social investment network. Utilizing reliable technology, it offers multi-asset trading on its proprietary platforms. Additional benefits include educational resources, copy trading, a rewards program, and a crypto wallet.

Explore its trading fees, commissions, and mobile app features. Learn how to trade instruments like Bitcoin and utilize analysis tools. Discover where our experts rank eToro USA Securities among brokers.

Company History & Overview

eToro launched globally in 2007 and entered the U.S. market in 2022. The company rapidly grew, reaching a $2.5 billion valuation and $1.2 billion revenue in 2021. eToro USA offers traders access to stocks, ETFs, options, and cryptos across 47 states. Regulated by the SEC and a FINRA member, the broker also holds SIPC registration for securities protection during insolvency, although this doesn’t include cryptos. Its headquarters is in Hoboken, New Jersey.

Instruments & Markets

eToro USA provides over 2000 instruments, including stocks, ETFs, cryptos, and options. Their investment app supports trading in stocks, ETFs, and cryptocurrencies. To trade options, download the eToro Options app and use your current credentials to log in.

The absence of forex, commodities, or futures is a downside compared to some other brokers.

Cryptocurrencies

You can trade 24 cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), and Monero (XMR). Crypto traders can also use the eToro Money app to store digital assets.

Fees

Opening a live account on eToro USA is free, but trading fees differ by asset type.

Cryptocurrency

There is a 1% fee for buying or selling cryptocurrency, reflected as a loss in the P&L. eToro charges no fees for sending or receiving digital coins. However, transferring assets to the eToro Money crypto wallet incurs a 2% fee, which may disappoint experts.

Other Charges

If your account is inactive for over 12 months, a $10 monthly fee kicks in, though your positions won’t be closed for this. Also, be aware of rollover fees for positions held overnight.

Trading Platform

eToro USA is a user-friendly platform, available as a web trader or for download on Windows and Mac. Although it lacks some advanced analysis tools found on MetaTrader, its modern interface appeals to many traders.

Features include:

• Portfolio performance with a risk score rating
• ProCharts with graphs across various timeframes
• Customizable watchlists with live price quotes
• Copy top traders’ positions (crypto only)
• Economic calendar and IPO tracking
• Explore assets and market movers via Trade Markets
• Social networking channels for strategy discussions

How To Place A Trade

1. Find an asset via ‘Discover’ or ‘Watchlist’
2. Select ‘Invest’
3. Enter order details
4. Click ‘Select Order’

Investments can be made in units or USD, adjustable with a widget.

eToro USA Securities App

eToro USA Securities offers a popular mobile app for iOS and Android devices, including smartphones and tablets. Start by searching ‘eToro’ on Google Play or the Apple App Store.

The app automatically syncs with desktop actions, allowing seamless transitions. You can filter by share price, market cap, and new stock availability. View customizable charts and portfolio overviews, plus access copy trading services and watchlists.

We found the navigation easy, with clear views of popular instruments and metrics. Setting up price alerts and notifications was simple. Users rated the app 4.1/5 on Google Play, echoing our positive experience.

Note, separate mobile apps are available for options trading and the crypto wallet.

Payment Methods

Deposits

New eToro USA traders must deposit a minimum of $100. No deposit fees apply, but third-party fees might.
Deposits can be made via:

• PayPal: $10 min, $10,000 max per transaction. Instant processing.
• ACH Transfer: $10 min, $10,000 max per day. Instant processing.
• Debit Card (Visa & Mastercard): $10 min, $40,000 max per transaction. Instant processing.
• Wire Transfer: $500 min, $1,000,000 max per transaction. 4-7 working days processing.

After a debit card payment, set up weekly, biweekly, or monthly deposits.
Deposits require account verification.
To deposit with a debit card:

1. Log in to your eToro USA dashboard.
2. Select ‘Deposit Funds’.
3. Enter the amount.
4. Choose ‘Debit Card’.
5. Enter card details.
6. Click ‘Deposit’.

Bitcoin, Neteller, and credit cards are not accepted.

Withdrawals

Withdraw a minimum of $30 with the above payment methods.
Verification is needed to avoid delays, as withdrawals can take up to seven days.
Check your transaction status online.
Unfortunately, all withdrawals have a $5 fee, unlike some competitors that offer free withdrawals.

Live Account

eToro USA Securities offers a straightforward trading experience with a single account type, making it easy to manage your portfolio. This simplicity benefits those who do not need volume discounts or perks, unlike some brokers. The minimum investment for US traders is $10, and an Islamic-friendly account is available upon request.

How To Open A Live Account

Creating an eToro USA Securities account is fast and simple:

1. Click the ‘Visit’ button here.
2. Input a username, email, and password.
3. Agree to the terms and conditions.
4. Select ‘Create Account’.
5. Check your email for a verification code.
6. Enter the code and press ‘Verify’.
7. Access the eToro USA portal.

You can register with Facebook or Google, too. Remember, follow eToro’s AML and KYC rules by submitting ID documents for verification. You can’t fund your account until approved, usually within a day.

Demo Account

eToro USA Securities offers a free demo account with $100,000 in virtual funds. This helps traders sharpen their skills in trading stocks, ETFs, and cryptos. The demo account includes all live account features such as the copy trader function, advanced market analysis, and real-time trends.

How To Open A Demo Account

1. Visit the homepage and click ‘Sign Up’ at the top right.
2. Log in using your credentials.
3. Select ‘Virtual Portfolio’ in the left menu.
4. Begin trading in demo mode.

Switch between ‘real’ and ‘virtual’ accounts using the icon in the bottom-left corner of the dashboard.

Bonuses & Promotions

Get a $10 bonus on eToro USA when you deposit $100, a great way to start trading! Invite friends for rewards with their referral scheme.

eToro Club

Join the eToro Club for rewards if you’re a high-volume investor. The five-tier system ranges from Silver to Diamond. Your membership level depends on your account balance at midnight daily. Everyone starts with a Bronze badge upon registration.

Higher tiers offer perks like exclusive content, webinars, a dedicated manager, event invites, and top-notch customer service.

Membership levels and requirements:

• Silver Account – $5000 balance
• Gold Account – $10,000 balance
• Platinum Account – $25,000 balance
• Platinum+ Account – $50,000 balance
• Diamond Account – $250,000 balance

Regulation & License

eToro USA operates under high-level regulatory oversight. Here’s what that means:

• eToro USA Securities Inc offers securities trading. They’re a self-directed broker-dealer, a FINRA and SIPC member, but they don’t give investment advice.
• eToro USA LLC manages cryptocurrency trading. It’s a registered Money Services Business, not a broker-dealer, and lacks FINRA or SIPC membership. Note, digital currencies aren’t FDIC insured.

Retail investors with eToro USA LLC enjoy FDIC-insured cash holdings up to $250,000. They also get extra protection through Apex Clearing Corporation, covering up to $150 million in brokerage accounts.

eToro USA complies with FinCEN to prevent money laundering. New accounts require identity verification like social security numbers and proof of address.

Trading services are available in most states, including Alabama, California, Illinois, Mississippi, and Washington. However, they’re unavailable in New York.

Tax

Investors handle their own taxes on profits. eToro makes it easy with its Account Statement feature for transaction proof. It shows closed positions, drawdown percent, account activity, and a financial summary including profit, loss, and fees.

To use this feature:

1. Log in to your dashboard
2. Select ‘Settings’ from the side menu
3. Go to the ‘Accounts’ section
4. Under ‘Documents’, select ‘Account Statement’ and ‘View’
5. Select a timeframe and click ‘Create’
6. Download the report in Excel or PDF via icons

Additional Tools

Copy Trader

eToro US provides an easy-to-use Copy Trader platform for crypto investments, great for beginners who prefer a hands-off investing style.

You need at least $200 to start copying a trader, and you can follow up to 100 traders at once. It’s easy to manage your funds, as you can pause, stop, or adjust them anytime.

Opening an account is free, but standard trading fees, including commissions and spreads, apply when you open or close positions.

Here’s how to start:

1. Check master traders and assess their past performance
2. Choose traders aligned with your goals and risk level
3. Decide your investment amount
4. Select ‘Copy’ to automatically mimic their positions

To have others copy you, join the Popular Investor Program, requiring $100 equity and two months of investments in crypto.

Currently, you can only copy US traders. Remember, past performance doesn’t ensure future success.

Education

The eToro Academy offers a rich pool of educational content with articles, tutorials, videos, and guides.

Resources cover beginner topics like buying and selling stock and advanced topics like blockchain understanding and using volume-based indicators.

Weekly market news and insights include crypto forecasts and copy trader tips, and you can filter these by category.

ESG Scoring

eToro USA Securities uses a simple color-coded system to assess over 2000 assets on environmental, social, and governance factors. This helps identify firms with ethical practices.

Find this info on the asset’s overview page.

Crypto Wallet

The eToro US wallet supports various digital currencies like Bitcoin and Ethereum, allowing transfer, exchange, buy, and convert functions.

Transaction limits vary, for example, a $2,999 BTC transaction cap. A capped fee applies for wallet transfers, like a 2% fee on Litecoin, maxing at $100. Blockchain fees may also apply.

The wallet is secure, using multi-sign-in and DDoS protection, available on iOS and Android.

Opening Hours

With trading hours from 9:30 AM to 4 PM (ET), Monday to Friday, eToro USA allows account management even when the market is closed. You can update your watchlist and spot potential trades outside regular hours. You can close a trade after hours, but it remains ‘Pending Close’ until the market reopens. Cryptos, however, can be traded 24/7 without downtime, even on holidays.

Customer Support

eToro USA Securities excels with its quick live chat responses, available on weekdays. However, customer support lacks email and phone options. After hours, the detailed help center helps with login issues, withdrawal policies, and setting or removing trading limits. Unfortunately, specific queries face a limited ticket-based system with rigid options.

Security & Safety

eToro USA offers some great security features. You can enable 2-factor authentication for extra protection. Users can also set limits on account operations like login and withdrawals.

Cryptos are well-protected using both hot and cold storage. Advanced fraud detection systems are in place, and there have been no security breaches reported.

Your data is safe with encrypted transport layer security. A specialist team monitors servers and activities around the clock. However, it doesn’t offer negative balance protection.

eToro USA Securities Verdict

eToro USA offers a strong platform for new traders, especially those interested in stocks and cryptos. Launched in the USA in 2022, it enjoys a solid global reputation across 140+ countries. The platform provides over 2000 instruments, commission-free trading, and a $100 minimum deposit. Traders benefit from educational materials, copy trading services, and a user-friendly social network. Securities are offered by eToro USA Securities, Inc., a FINRA and SIPC member. Though cryptocurrency is offered, it is not FDIC or SIPC insured. Trading involves risks, and this content is for educational purposes only, without implying recommendations or guarantees.

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