eToro provides four different account types e.g., Professional Account, Retail Account, Islamic account, and Demo accounts. Etoro Account Types vary according to what traders require. Each account type has its own set of conditions for commission, margin calls, leverage, and minimum deposits.
eToro at a glance
| Broker's Name | eToro |
| 📍 Headquartered | Limassol, Cyprus |
| 📅 Year Founded | 2006 |
| ⚖️ Regulating Authorities | FCA, ASIC, CySEC |
| 📃 License number: | 109/10 |
| 🌐 Countries not accepted for trade | Afghanistan, Albania, Bahamas, Barbados, Belarus, Bosnia and Herzegovina, Botswana, Brunei, Burundi, Cambodia, Canada, Chad, Congo Republic, Crimea Region, Cuba, the Democratic Republic of the Congo, Ethiopia, Fiji, Ghana, Guinea, Guinea-Bissau, Guyana, Iran, Iraq, Jamaica, Japan, Laos, Libya, Mali, Mauritius, Mongolia, Montenegro, Myanmar, Namibia, Nicaragua, North Korea, North Macedonia, Pakistan, Palau, Samoa, Serbia, Somalia, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Tunisia, Turkey, Uganda, Vanuatu, Yemen, Zimbabwe. |
| 📒 Account Types | Retail Professional |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 20:1 |
| 💰 Minimum Deposit | 50 USD/ 800 ZAR |
| 💳 Deposit Options | Credit Card (Visa, MasterCard, Diners Club, Maestro), PayPal, Neteller, and Skrill. |
| 💳 Withdrawal Options | Credit Card (Visa, MasterCard, Diners Club, Maestro), PayPal, Neteller, and Skrill. |
| 💻 Platform Types | Proprietary WebTrader |
| 📈 Tradable assets offered | Commodities, Crypto assets, Currencies, Indices, and ETFs. |
| 📱 OS Compatibility | Desktop platform (Windows), Desktop platform (Mac), Web platform Mobile trading: Android, iOS |
| 👨💼 Languages supported on Website | English, Spanish, Italian, Dutch, Russian, Chinese, French, Arabic, Chinese traditional, Polish, German, Norwegian, Portuguese, Swedish, Czech, Malay, Danish, Romanian, Vietnamese, Thai, and Finnish |
| 👥 Customer Support Languages | English, Spanish, Italian, Dutch, Russian, Chinese, French, Arabic, Chinese traditional, Polish, German, Norwegian, Portuguese, Swedish, Czech, Malay, Danish, Romanian, Vietnamese, Thai, and Finnish |
| 📆 Customer Service Hours | 24 hours, five days per week. |
| 📌Open an Account | 👉Click Here |
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Min Deposit USD 50 in *certain countries Regulators FCA, ASIC, CySEC Trading Platform Proprietary WebTrader Crypto Yes Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours * Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.
eToro Account Types Revealed – A Key 7 Point Overview
- ✔️eToro Overview
- ✔️eToro Account Types
- eToro Account Features
- Demo Account
- eToro Pros and Cons
- Conclusion
- Frequently Asked Questions
👉 Here is an overview of the Etoro Account types as well as the treading features and benefits offered for each account.
eToro Account Types Overview
👉 eToro is a forex broker company with its headquarters in Limassol, Cypress.
👉 eToro provides traders with access to platforms that allow them to buy and sell foreign currencies. Retail currency traders in turn use these brokers to gain access to the 24-hour currency market for speculation purposes.
👉 Founded in 2006 and established in January 2007, eToro has become a leader in the global Fintech revolution and boasts to have the largest social trading and investment network. eToro comprises the following entities, with its headquarters being in Limassol Cyprus:
👉 eToro (UK) Ltd, a financial services company authorized and regulated by the Financial Conduct Authority (FCA).
👉 eToro (Europe) Ltd., a financial services company authorized and regulated by the Cyprus Securities Exchange Commission (CySEC).
👉 eToro AUS Capital Pty Ltd., authorized by the Australian Securities and Investments Commission (ASIC).
🥇 eToro has won the Finovate Europe Best of Show award for 2011 and has been nominated for the following recognition awards in 2025: Best Crypto Trading Mobile App and Best Forex Broker in Australia.
eToro Account Types
👉 eToro offers two ways of trading and clients can open an account as a Retail Client or a Professional Client.
eToro Account Features
Retail Clients:
📉 Traders receive access to all trading assets and can trade both manually and via Copy Trade (subject to suitability). Since their leverage is restricted, they do receive certain protections such as coverage by the Investor Compensation Fund, recourse to the Financial Ombudsman Service, and negative balance protection and margin closeout restrictions.
Professional Clients:
📉 To become a professional client, you will have to pass a test to determine whether you are suitable to qualify as a professional client or not, this is because professional clients waive certain ESMA protections such as the Investor Compensation Fund and recourse to the Financial Ombudsman Service.
📉 Professional clients do get negative balance protection, in the rare occasion that market conditions can cause your equity to go negative, eToro may absorb the loss and reset your balance to zero, just like the retail client account.
📉 With a professional-client account, you will be allowed to open positions with a leverage of up to 1:400 for certain instruments and will receive a reduction in your current margin rates.
💰 The minimum deposit required to open the account can vary between 50 USD/ 800 ZAR and 10 000 USD/ 160 000 ZAR
💰 If you are registering a corporate account it will require a minimum first-time deposit of 10 000 USD which is equivalent to 160 000 ZAR, but eToro reserves the right to change any deposit limitations at any time.
💰 All the eToro trading accounts use USD currency and if you make deposits using a different currency it will be converted at the current market rate and you will be subjected to a conversion fee.
Islamic Account
📉 eToro does offer traders who follow the Sharia law the option of an Islamic Account.
👉 Often an Islamic account is provided as an option where traders can convert their live trading account to an Islamic Account, or in other cases, it is a standalone account with a separate application procedure.
👉 The purpose of an Islamic Account is that it caters explicitly to Muslim traders who follow the strict rules of Sharia law. These rules prevent followers from paying any type of interest, such as overnight fees, which are seen as exploitive or wasteful.
👉 Overnight fees are charged when traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should traders hold positions open for longer.
👉 Brokers offer an Islamic Account only to Muslim traders who follow Sharia law. Traders must, however, take note that there are certain features indicated on the Islamic account which may differ vastly from the other individual account types, such as minimum deposits, spreads, and more.
👉 Traders who are interested in registering for an Islamic account must contact the broker’s customer support team to verify the availability and current conditions of such an account as conditions may have changed from the time of writing.
Demo Account
📉 eToro offers traders the option to open a demo or practice account which can be utilized in several ways, including the following:
👉 A practice account for beginner traders who wish to hone their trading skills and gain experience in a risk-free environment using virtual funds.
👉 Traders who want to evaluate and compare brokers would like to explore eToro’s trading conditions in a risk-free environment.
👉 Traders who want to test their trading strategies in an imitated live trading environment without risking their own capital.
Min Deposit USD 50 in *certain countries Regulators FCA, ASIC, CySEC Trading Platform Proprietary WebTrader Crypto Yes Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours * Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.
eToro Account Types Pros and Cons
| ✔️ Pros | ❌ Cons |
| Credit/Debit card available | High forex fees |
| Demo accounts and Islamic accounts provided | High non-trading fees applicable |
| Free stock and ETF trading in the EU | Only one account base currency used |
| Low CFD fees | The process of withdrawing money is slow and expensive |
| Low minimum deposit | There is a withdrawal fee of $5 |
| No deposit fee | |
| Offers social trading | |
| Seamless digital account opening process | |
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Conclusion
eToro exists as a social trading brokerage firm that places its focus on the provision of Copy-trading services and takes pride in being the world’s best social trading platform in the way it offers investment opportunities in both stocks and digital currencies (cryptocurrencies).
Currently, eToro focuses on the provision of social and copy trading services to its more than 10 000 000 platforms distributed across the world.
With its unique platform, account owners can mimic the trading strategies of successful clients automatically and in real-time. It also provides multiple other tools to help with actual trading, such as an economic calendar.
Frequently Asked Questions
Trading Environment
How many instruments can I trade with eToro?
You can trade several different instruments with eToro, which include the following:
- Commodities
- Crypto assets
- Currencies
- Indices
- ETFs
Which platforms are supported by eToro?
eToro provides the popular trading platform WebTrader.
Does eToro offer leverage?
Yes, eToro offers maximum leverage of up to 1: 20.
What spreads can I expect with eToro?
eToro offers a fixed 0,9 spread per side. Since details on the website are not clearly enough stipulated, more information should first be obtained from the customer support service to make an informed choice.
Does eToro charge commission?
eToro offers commission-free trading.
Does eToro offer an Islamic Account?
eToro does offer an Islamic Account.
Are there additional charges on the Islamic account?
Some brokers charge extra fees on Islamic accounts – are either in wider spreads, additional commissions, or administration fees to make up for money that they lose with not charging overnight fees. New Islamic traders should enquire about these special conditions or extra fees before joining, because it is often overlooked or not indicated on the account features pages.
Is eToro regulated and by whom?
eToro is regulated by the FCA, ASIC and CySEC.
Is eToro a recommended forex trading broker for experts and beginners?eToro offers a fair-trading environment for most types of traders.
What is the overall rating out of 10 for eToro?
7/10.
Accounts
What is the difference between a demo and a live trading account?
A demo account as is offered by broker companies like eToro is usually funded with virtual money and gives a prospective customer the opportunity to experiment with the company’s trading platforms and its features, before setting up a real account that needs to be funded with the customers own real money.
Does eToro offer a demo account?
Yes.
How long is the demo account valid?
The demo account can be used unlimited.
Which live trading accounts does eToro offer?
eToro offers the following live accounts:
- Retail Account
- Professional Account
- Islamic Account
Does eToro offer an Islamic Account?
Yes.
What are the available deposit currencies for a eToro live trading account?
Only USD.
Deposits and Withdrawals
What is the minimum deposit required to open an account with eToro?
$ 50.
How do you make a deposit and withdraw money with eToro?
eToro offers the following deposit and withdrawal methods:
- Credit Card (Visa, MasterCard, Diners Club, Maestro)
- PayPal
- Neteller
- Skrill
The same method that was used to fund an account must normally be used to withdraw money. Also, monies will usually only be refunded to accounts in the same name as the trading account.
Does eToro charge withdrawal fees?
Yes.
How long does it take to make a withdrawal?
Withdrawals by means of certain methods may be processed within a day but depending on bank services it may take several days for the money to be available.
* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.
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