eToro Mobile Trading App

Written by Miro Nikolov

Miro Nikolov

Miro Nikolov is the co-founder of TradingPedia.com and BestBrokers.com. His mission is to help people make profitable investments by giving them access to educational resources and analytics tools.

, | Updated: September 17, 2025

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• Jump to:
• Account Types
• Trading Instruments
• Fees and Spreads
• Banking
• Regulation
• FAQ
• Conclusion
›

eToro is an outstanding mobile trading app, established in 2006 by two brothers whose aim was to provide traders from various jurisdictions with a safe and fair trading experience. Over the years, the Israel-based trading app has grown in popularity thanks to its multiple trading instruments and customer-centred approach. eToro is a place where people from around the world can trade stocks, commodities, forex, CFDs, social trading, indices, and cryptocurrencies.

The brokerage received a stamp of approval from several regulatory bodies, namely the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). Following this train of thought, it is not surprising that the brokerage has one of the most extensive customer bases. Currently, over 10 million traders use eToro.

The mobile trading app features an intuitive interface that works smoothly on various portable devices. Moreover, mobile traders from international markets can choose from several language options, including English, Spanish, Italian, German, Russian, French, Dutch, Polish, and others. Traders can reach the trading site directly from the browser of their hand-held devices or download the apps designed especially for iOS and Android users. Unfortunately, we must note that the broker does not utilise MetaTrader 4, but instead uses a proprietary web platform.

Trading Information
Trading Platforms	eToro App, eToro CopyTrader, eToro Investing
Demo Account
Hedging
Scalping
US Traders
Arabic Traders

Account types

Prior to signing up with eToro, you should be aware that it offers four types of trading account: a demo account, a retail-client account, a professional-client account and a zero-commission account for stock traders. Choosing the right account is essential for traders.

Once you decide to open an account via eToro’s mobile trading app, you will see that the registration procedure is very straightforward. In the upper left corner of your touchscreen device, you will find the Main Menu that will lead you to the Sign-Up button. It will take you just a few minutes to register with the eToro mobile trading app.

Demo account

If you are an inexperienced trader, you can start your trading career by setting up a demo account. The idea behind this type of account is to allow novice traders to improve their skills in a risk-free manner. In addition, demo account holders still have access to the latest trading insights from experts. Besides being able to put your knowledge into practice, you will have the opportunity to familiarise yourself with eToro’s mobile trading platform and find the trading strategy that best suits your goals.

Retail-client account

If you open a retail-client account, you can start trading with real money. Once your demo mode expires, we recommend opting for this type of account if you are still not completely confident in your knowledge. Retail clients receive access to all the trading assets offered on the eToro mobile trading app.

We must note that retail clients are offered lower leverage. Moreover, they are provided with negative balance protection and closeout restrictions. If your skills are not yet fully honed, we strongly recommend choosing the retail-client account, as it offers a range of tools designed to protect traders from significant losses.

Professional-client account

To be eligible for a professional-client account, you need to pass a test that will determine your knowledge and skills. If you pass the test, your status can be upgraded. But keep in mind that even if you possess the required knowledge, the market can be extremely volatile and you can still lose large amounts. You should know that the leverage differs between countries because of specific regulations.

Zero commission stock account

The broker rolls out the red carpet for its stock traders, providing them with the opportunity to set up a 0% account. This means that no fee is charged when opening or closing a position. However, it is important to mention that other charges might apply. To stand out from the pack, eToro’s mobile trading app even saves its customers paying Stamp Duty and Financial Transaction Tax whenever possible. But the 0% commission is not the only reason to buy stocks on eToro. The brokerage also offers no limits on trading volume, the possibility to buy fractional shares, and free access to expert stock analysis.

Fees and spreads

Traders should be aware that the spreads offered by eToro vary between instruments. Generally speaking, instruments that are more volatile are subject to wider spread variations. However, traders should also be aware that eToro collaborates with reputable liquidity providers to ensure the best rates possible.

If you wish to trade cryptocurrencies, note that spreads start at just 1% for Bitcoin and rise to 4.5% for IOTA. As Bitcoin is the most popular cryptocurrency, it is worth noting that eToro does not charge overnight fees and the minimum investment for trading BTC is set at $1,000.

With currencies, the situation is quite similar. Major currency pairs such as EUR/USD and USD/JPY come with an average spread of 1 pip, while exotic pairs such as USD/TRY come with 50 pips. The spreads for minor currency pairs range from 20 to 30 pips.

The spreads for commodities start from 2 pips for copper and reach up to 20,000 pips for palladium. Trading indices on eToro has a minimum spread of just 4 pips for the US Dollar Index and swells to 1,200 pips for the China A50 Index. Enthusiasts who prefer trading stocks and ETFs should keep in mind that the average spread is estimated at 0.09%.

A small fee is charged on CFD positions left open overnight to cover the cost of the leverage you use. Furthermore, the brokerage does not impose management fees even when you copy other traders and invest in portfolios.

Banking

When trading on eToro, you might be interested in the available banking options. As we already hinted above, this mobile trading app is among the most reputable on the market. Consequently, you should not be surprised to find more than enough trustworthy payment solutions. It is important to note that USD is the only account base currency, and if you deposit in another currency the conversion fee is 50 pips.

• Deposit
• Withdrawal

Brand	Minimum	Fees	Processing Time
	$200	No Fees	Instantly
	$200	No Fees	Instantly
	$200	No Fees	Instantly
	$200	No Fees	Instantly
	$200	No Fees	Instantly
	$200	No Fees	Instantly
	$500	No Fees	7 business days
	$200	No Fees	Instantly

Brand	Minimum	Fees	Processing Time
	$30	$5	1 - 8 business days
	$30	$5	1 - 8 business days
	$30	$5	1 - 2 business days
	$30	$5	1 - 2 business days
	$30	$5	1 - 2 business days
	$30	$5	1 - 8 business days
	$30	$5	1 - 8 business days

Deposits

If you join eToro, you can fund your account via Visa, Mastercard, Maestro, PayPal, Neteller, Skrill and wire transfer. Giropay and Revolut are also available for deposits, but these do not support USD. The minimum first deposit amount starts at $50, although this varies between countries. If you fund your account via wire transfer, the minimum first deposit is $500.

It is important to mention that for Australian residents the minimum first-time deposit is $50. Traders who have not verified their accounts cannot deposit more than $2,250 in total.

Deposits are processed instantly, except for those made via wire transfer, which may take up to seven business days. If you make a deposit in USD, you do not need to pay additional fees. As far as safety is concerned, you have nothing to worry about, as the brokerage employs reliable and proven methods.

To make a deposit, you need to create and log in to your account. Then tap the ‘Deposit Funds’ button, enter the amount and currency, and select your preferred payment method. Depending on the payment solution you choose, you will be required to provide certain information. If you hit a snag, you can always contact customer support.

Withdrawals

Of course, traders are keen to know how to withdraw their profits. You must withdraw funds via the same method used for your deposit. If you selected a deposit-only method, the brokerage will ask you to provide an alternative method for your payout. Withdrawal methods include credit cards (Visa, Mastercard or Maestro), digital wallets (Neteller, PayPal and Skrill) and wire transfer.

The minimum amount that traders can withdraw is set at $30. There is a $5 withdrawal fee, and the brokerage will inform you by email when your withdrawal request has been processed. You can cancel a withdrawal request as long as it is still ‘Under Review’. To do so, go to your Portfolio, tap the History button, and then tap the Reverse icon.

Depending on the payment method selected, you will need to wait between one and eight business days to receive your funds. Digital wallets clear payments within one-two business days, while withdrawals via bank-dependent methods such as credit cards and wire transfers may take up to eight business days.

Regulation

The brokerage is licensed by the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). Choosing a licensed mobile trading app is the easiest way to ensure a remarkable trading experience. Knowing that your money is safe, you can focus on more important things such as crafting your strategy and analysing the market.

Whether you are signing up, depositing, trading, or withdrawing, you can count on an advanced SSL encryption system that keeps your data safe. Moreover, the brokerage has been around since 2006 and has cemented its strong position in the market. Traders should keep in mind that 76% of retail investors lose money when trading CFDs with this broker.

Conclusion

To sum up, eToro is an outstanding brokerage, fully licensed to provide its services to traders from various jurisdictions. If you wish to trade via your mobile device, you will appreciate the site’s intuitive interface. Traders can also download the brokerage’s dedicated apps, specially designed for Android and iOS users. Another ace up the broker’s sleeve is the fantastic assortment of trading instruments it offers.

eToro is a multi-asset platform that offers investing in stocks and cryptocurrencies, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
61% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

This communication is intended for information and educational purposes only and should not be considered investment advice or an investment recommendation. Past performance is not an indication of future results.

Copy trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
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eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilising publicly available non-entity-specific information about eToro.