eToro Review 2026 (U.S. Only)
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eToro is a well-known global trading brand with a long history in online brokerage and social trading.
In recent times, the company has shifted exclusively to cryptocurrency trading for its US users, which is what our review will focus on today.
Integrated crypto wallet
Fortunly Rating
Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.
Strengths
- Virtual portfolio available
- Clear, predictable fees
- Great educational resources
- Straightforward pricing structure
- Regulated U.S. platform
Weaknesses
- The inactivity fee applies after 12 months
eToro Overview
eToro is a global financial technology company known for democratizing access to trading.
Originally launched in 2007, the platform expanded into cryptocurrencies and digital assets over time.
While the global eToro platform supports multiple asset classes, the U.S. version is restricted to spot crypto trading.
The platform is designed with simplicity in mind, making it accessible for new crypto investors, though it lacks advanced features required by professional traders.
Main Features and Tools
These are the main features offered to U.S. traders:
Virtual Portfolio (Demo Account)
eToro has a solid demo account offer that provides $100,000 in virtual funds, allowing you to practice your trading style and strategies in a risk-free environment before investing real capital.
eToro Money Crypto Wallet
The platform features a wallet app that allows you to transfer supported cryptocurrencies off the main trading platform, so you can send, receive and store your crypto independently.
Transferring your crypto funds from the main account to the wallet is subject to a 2% fee (with caps), plus any applicable blockchain network fees.
Order Types and Controls
U.S. traders can place basic market orders and employ fundamental risk controls such as stop loss and take profit. More advanced order types and custom settings are not currently available.
Educational Content
eToro provides entry-level crypto educational resources, including market explainers, asset summaries, and investing basics that help new users learn the ropes.
Fees and Pricing
The platform takes a relatively straightforward approach to pricing. Instead of using a complex maker-taker model, eToro applies a flat percentage-based fee to crypto trades, which is built directly into the execution price.
When buying or selling cryptocurrency, users are charged an approximately 1% trading fee, which includes the spread.
This fee is applied to both sides of the trade and is visible at the time of execution, making it easier for beginners to understand the total cost before confirming an order.
Opening an account with eToro is free, and the platform does not charge fees for standard deposits, although third-party payment providers or banks may impose their own charges.
For U.S. customers, USD withdrawals are not subject to a fee, but intermediary or banking fees may still apply depending on the withdrawal method used.
eToro also applies a $10 monthly inactivity fee if an account remains unused for 12 consecutive months. This charge continues until activity resumes or the account balance reaches zero.
Users who transfer cryptocurrency from the trading platform to the eToro Money wallet should be aware of a 2% transfer fee, with minimum and maximum caps in place, in addition to standard blockchain network fees.
Overall, eToro’s pricing model favors simplicity and transparency over cost optimization.
Regulation
eToro operates in the United States through eToro USA LLC and eToro USA Securities Inc., which are separate entities from its international brokerage operations.
The platform functions strictly as a regulated cryptocurrency trading provider, with services structured to comply with domestic financial and digital asset regulations.
Crypto trading on eToro is offered on a spot-only basis, meaning users buy and sell actual digital assets rather than derivatives.
It’s also important to note that crypto availability is state-dependent. While most U.S. residents can access eToro’s crypto platform, trading is not available in New York, Nevada, Hawaii, Puerto Rico, or the U.S. Virgin Islands.
Trading Platforms
The company provides U.S. users with access to its crypto trading services through web-based and mobile platforms, both designed with simplicity and accessibility in mind.
The web platform allows users to view prices, manage their portfolio, and place crypto trades from any modern browser.
The interface prioritizes clarity over complexity, making it easy to execute buy and sell orders without navigating advanced order books or technical trading panels.
For mobile users, eToro offers two dedicated apps:
- The eToro trading app, which mirrors the web platform’s core crypto trading functionality
- The eToro Money app, which serves as a crypto wallet for storing and transferring supported digital assets
User Experience and Interface
eToro’s platform is clearly designed with beginner and casual investors in mind.
The interface is clean, uncluttered, and easy to navigate, with an emphasis on portfolio visibility, price movements, and straightforward trade execution.
Key information, such as account value, open positions, and recent activity, is presented clearly on the main dashboard. Buying or selling crypto typically requires just a few steps, reducing friction for users who are new to digital assets.
The learning curve is minimal, especially when paired with eToro’s virtual portfolio, which allows users to practice trading with simulated funds before committing real capital.
That said, more experienced traders may find the platform restrictive due to the lack of advanced order types, customizable layouts, and in-depth analytical tools.
Security
eToro implements multiple layers of security designed to protect user accounts and digital assets.
All U.S. users are required to complete identity verification before accessing crypto trading features, which helps prevent fraud and unauthorized account activity.
Account access can be protected with multi-factor authentication (MFA), adding an extra verification step beyond a standard password.
Cryptocurrencies purchased on eToro are held using custodial storage solutions, with a portion of assets kept in offline (cold) storage to reduce exposure to online threats.
The platform also uses continuous account monitoring and risk-management systems to detect suspicious activity and enforce internal security controls.
Customer Service
Customer support is primarily delivered through email support and an online help center, which includes FAQs, platform guides, and troubleshooting resources. These channels are designed to address common account, funding, and trading questions without requiring direct agent interaction.
Real-time assistance options, such as live chat or dedicated account support, are generally reserved for higher-tier or VIP users. As a result, standard account holders may experience longer response times when dealing with more complex issues.
Final Verdict
All in all, eToro is a regulated, easy-to-use platform that makes digital asset investing accessible. Its strengths are simplicity, clear pricing, and a usable mobile wallet system. The absence of advanced trading tools and relatively higher fees means it’s best suited for beginners and casual investors rather than professional traders.
If you want a straightforward way to start crypto trading without the complexity of professional exchanges, eToro remains a solid choice in its category.
Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Fortunly.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB.