My Review of the eToro Platform (April 2025)

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HelloSafe is an international specialist in comparing online trading platforms (brokers) that advises more than a million traders every month. Our personal finance expert has thoroughly analyzed this broker by comparing it to many other platforms and tested the platform herself for many hours. 

eToro, founded in 2007, is a multi-asset investment and social trading platform that had over 35 million traders across 140 countries in 2023.

I've spent the last 6 months signing up, testing, and thoroughly analyzing eToro, and I've sought to compare the platform to other regulated and popular online brokers in Singapore.

In essence, I was trying to answer questions like: can eToro be trusted? Is the platform easy to grasp and intuitive for beginners? How much does it cost to trade with eToro, and can a diversified portfolio of assets be built? What features does the trader offer vs. other online brokers?

So I examined everything closely: account opening process, management and trading fees, available financial instruments, features, platform simplicity (desktop and mobile), and trading tools, etc. Below is my in-depth analysis of the eToro broker (compared to other platforms tested).

What to think of eToro?

My overall opinion of eToro

In my opinion, eToro is an excellent online trading platform. The platform is user-friendly and extremely simple to use (and I'm not the only one saying it: 4.1 on Trustpilot!) in addition to offering truly powerful features. Among the most notable is its Copy Trading feature (duplicating the investment strategies of more experienced traders), THE super added value of the broker!

The broker eToro allows you to build a diversified portfolio since it allows you to trade on all assets: stocks, ETFs, CFDs, cryptos, currencies, indices and even NFTs - which means you don’t have to register on several platforms. You can invest in real assets but also use leverage on CFDs (be careful, it’s risky and costly, you need to understand the stakes!).

In terms of security, there's nothing to worry about. The platform is reliable and regulated in Singapore, where it has been present since 2007 (as well as in 140 other countries, which reinforces its legitimacy).

The broker has also become known for its $0 commission policy on the purchase of real stocks and ETFs (and not just CFDs). eToro is also one of the few brokers to offer the purchase of fractional shares (allowing you to start investing with small amounts). Most of the fees offered are below or at the market average. 

=> In short, I believe eToro offers a secure and user-friendly platform where you can buy/sell a very wide range of assets and benefit from competitive fees. 

Which types of traders is eToro best suited for?

From my point of view, eToro is particularly suited to several types of traders:

=> Clearly for beginners: Account opening is fast, without excessive paperwork, the platform is intuitive, both on desktop and mobile, and Copy Trading allows you to automatically copy the portfolios of experienced traders, without having to manage your own positions. The free demo account with $100,000 virtual is accessible without deposit, which is ideal for training. In addition, the entry ticket is low (S$50), and the platform offers many educational content to train at your own pace.

=> For regular traders who want to diversify their portfolio with stocks, ETFs, or cryptos directly, and not just CFDs. eToro allows you to mix long-term investments with short-term opportunities (with leverage up to x30 depending on the assets). Copy Trading, often considered a tool for beginners, is also very useful for those who want to follow a strategy passively while maintaining control through Stop Loss / Take Profit limits. eToro's community dimension, with its news feed and comments from other traders, is also a real plus for exchanging ideas and getting inspired.

On the other hand, very experienced traders or those who practice scalping or intensive day trading may find the spreads a little too high compared to brokers like IG or Interactive Brokers, and may regret the absence of MetaTrader or more advanced technical analysis tools.

eToro in a few seconds, it's:

My review of the security and reliability of the eToro broker

As a trader, I consider eToro to be a reliable broker, benefiting from a robust regulatory framework and high guarantees for the security of funds. It is regulated in several recognised jurisdictions and offers serious tools to limit the risk of excessive losses, which reinforces the confidence one can have when investing capital with them.

My Opinion on eToro's Fees, Spreads, and Commissions

As a trader, I've found eToro's fees to be quite well-positioned, especially for those looking to invest in stocks or ETFs in cash: no commission is charged as long as you don't use leverage, which is a real advantage compared to many other brokers.

Copy Trading is also free, which allows you to follow the portfolios of other investors without additional fees. However, spreads may be higher than at more technical brokers, especially on cryptos and Forex. But overall, eToro remains competitive, especially for long-term profiles or occasional traders.

Let's move on to the figures: I have analysed in detail all the fees charged by eToro and compared them to 16 other platforms to get a clear picture.

What are the account fees at eToro?

In practice, I found eToro's fee structure to be quite advantageous, especially if you open your account in the right currency. There are no opening or management fees, and withdrawals are free in SGD or GBP. However, for accounts in USD, the $5 fee can quickly add up if you withdraw regularly. This cost disappears if you join the eToro Club, starting with $2,000 invested. Inactivity fees are only charged after 12 months without logging in, so they are very easy to avoid.

Trader Tip

Use Revolut to reduce your conversion fees. If you deposit euros into a dollar account, eToro's exchange fees can be as high as 1.5%. By converting your funds directly through Revolut before depositing, you can save SGD 10 to SGD 15 on a SGD 500 transfer. A simple step, but one that really makes a difference in the long run.

What are the fees on stocks and ETFs at eToro?

At eToro, you can invest directly in stocks and ETFs (without leverage, outside of CFD mode), making it one of the few CFD brokers to also offer a true commission-free long-term investment offering. This is an important advantage for investors looking to build a real portfolio without hidden fees.

Good to know

Fees may vary depending on market conditions and your eToro Club account level. The more active or invested you are, the more you benefit from reduced rates (especially on currency conversions or withdrawals).

What are the cryptocurrency fees on eToro?

Based on my tests, the fees on cryptos at eToro are simple to understand, but slightly higher than average, especially if you are an active trader who makes frequent trades. (More expensive than Binance or Kraken)

What are the CFD fees at eToro?

Here is the updated table with data from eToro's official documents, including the main assets available in CFD:

Based on my tests, eToro performs quite well on CFDs, especially on Forex and indices: the spreads are decent and stable, even during periods of volatility, which is appreciated. For stock CFDs, the fees are transparent: 0.09% commission, with a minimum of $1 per transaction. For oil and certain indices like the S&P 500, the conditions are clearly in the upper average range of the market.

On the other hand, I found the spreads on gold to be a bit high compared to other more specialized brokers. On the crypto side, the 1% spread may seem significant, but it remains aligned with what most CFD brokers offer.

For moderate day trading or swing trading, the fees remain competitive. However, for pure scalping, you'll have to deal with slightly wider spreads, especially outside of US market opening hours.

Good to know

 Leverage is capped according to Singapore regulations (up to 1:30 for Forex, 1:20 for indices and gold, 1:5 for stocks, 1:2 for cryptos). Overnight fees are applied to all CFD positions held after market close, and their amount depends on both the asset and current conditions. To avoid surprises, I recommend always consulting eToro's fee schedule before opening a leveraged position.

My opinion on the assets & markets available on eToro

After testing eToro, I can say that the variety of assets offered is a real strength: you can build a balanced portfolio between stocks, ETFs, crypto, Forex, commodities and indices, while choosing between direct investment or CFD with leverage in Singapore.

I particularly appreciated the possibility of investing in real shares without commission, which is not so common. On the crypto side, the offer is wide but the fees are a bit high; on the other hand, the possibility of transferring to an external wallet is a real plus.

For Forex or indices, it's classic, well executed, with leverage adapted to the profile and correct spreads. In short, whether you are an active trader or a long-term investor, there is plenty to do.

My opinion on the eToro platform

From a personal perspective, I found eToro's platform particularly smooth and enjoyable to use, especially for investors who are just starting out or want to save time. Copy Trading is a real plus, well thought out and very accessible. For daily use, it's clear, practical, and efficient. On the other hand, professional traders or those who like advanced technical analysis may feel a little cramped by the lack of integration of tools like MetaTrader or TradingView.

Trader tip: Disable default settings for more control

When placing your first order, remember to disable the automatic stop-loss, take-profit, and leverage options if you actually want to hold the asset. On a Nasdaq 100 ETF position, I avoided unintentional exposure by setting the leverage to 1x and removing the default limits.

Customer Reviews: What Users Think of eToro

To refine my evaluation, I looked at the reviews left by users on Trustpilot. Result: eToro displays a solid rating of 4.1/5 based on over 26,000 reviews, which places it high in the rankings of accessible brokers in Singapore.

What users appreciate:

• Intuitive and accessible platform even without experience
• Possibility to buy shares without commission
• Effective and easy-to-use Copy Trading
• Responsive customer service and personalized support
• Access to a wide selection of assets, including cryptos and ETFs

Areas for Improvement:

• Exchange and withdrawal fees considered high (excluding eToro Club)
• Occasional delays or bugs during registration or withdrawal
• Automatic setting of stop loss and take profit, which may surprise beginners
• Interface sometimes slow or unstable according to some users
• Difficulties reported with account verification or fund transfer

Some examples of client reviews:

« The platform is simple and intuitive, perfect for beginners. The advice is clear and the support is top-notch. » – Romain H.
« For over 7 years, quality advice! I have never had a problem with eToro. » – Christophe H.
« I am very satisfied with the explanations provided. Clear, precise, and adapted to my needs. » – Pascale L.

Opening an account, deposits and withdrawals on eToro?

Opening an account

Steps to open an account with eToro:

• Visit
• Create your account via an email or a Facebook/Google connection
• Immediately access the demo account with $100,000 virtual
• Provide your supporting documents: proof of identity + proof of address
• Fill out the questionnaire about your experience and your objectives
• Make a first deposit (minimum $50) to start trading in real
• Wait for validation (often in just a few hours)
• Start investing in real mode or continue to test the platform in demo

Opening an account is simple and straightforward. During my test, I was able to start trading in less than an hour after submitting the required documents. This is one of the fastest procedures I have encountered on trading platforms.

✅ Good to know

Once registered, and even before answering the questionnaire about your trading experience, you can switch to the virtual account and start placing your first orders with your fictitious capital of S$100,000 made available to you. 

Deposits and withdrawals on eToro

eToro offers a simple and fast procedure for depositing or withdrawing funds, with several payment methods available depending on your country. All accounts are in USD, but deposits can be made in other currencies (automatic conversion with fees).

Bank card deposits are instant, while transfers can take 1 to 3 business days. Withdrawals are generally processed in 1 to 2 days, depending on the method used. All amounts deposited or withdrawn are converted to USD, with variable conversion fees if you use another currency.

Trader's Tip:

Prioritize using a bank card for fast deposits. During my last deposit of $300 via card, the funds were available in less than 10 seconds. Perfect for seizing an opportunity without waiting, unlike a bank transfer which can delay the execution of your orders.

Account Types Available on eToro

eToro offers a simple and universal account structure, designed to adapt to investors around the world. As an international platform, you cannot open a securities account in Singapore, as this type of account is specific to Singapore taxation. However, eToro allows you to invest in both real stocks and CFDs, which is suitable for many types of traders, from beginners to experienced investors.

What is the eToro Club?

The eToro Club is a loyalty program structured into 5 levels (Silver to Diamond), based on the total balance of your account. Membership is automatic, and the benefits evolve according to the amount held. From the Silver level (starting at $5,000), you begin to benefit from more personalized support, which clearly improves the experience, particularly in terms of customer service or investment strategy.

As a trader who has reached the Silver level, I found this program really helpful: I was able to quickly exchange with a manager via WhatsApp, especially for questions about ETF spreads.

The Smart Portfolios accessible from this level are also very practical for diversifying without manually managing each position. In my opinion, this is a good way to gain autonomy while having responsive support. My goal is to reach the Platinum level, which significantly reduces exchange fees and provides more advanced analysis tools.

Trader Tip:

  Level up to optimise your fees and monitoring. The eToro Club monitors your account balance daily to determine your level. From $5,000, you already gain in comfort (quick responses, personalised advice), and from $25,000, you start to access premium services that can clearly make a difference if you actively trade or invest for the long term.

Conclusion: Should you invest with eToro in Singapore?

After several weeks of testing, I can say that eToro is a truly solid platform, especially if you are looking for a simple solution to invest without necessarily becoming a technical expert. Copy Trading is ultra-efficient, especially for starting without stress, and the possibility of investing in stocks or ETFs without commission, even with small amounts (thanks to fractional shares), is a real asset.

What I appreciated was the ease of getting started: everything is clear, fluid, and designed for those who want to manage their own portfolio without getting into complex tools. I also liked the social aspect, with a real active community that comments on assets and shares their analyses.

In short, if you are a beginner or independent investor, eToro is a good entry point into trading.

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.