eToro Review: Licences, Withdrawals, Islamic Terms
Verified facts
| Founded | 2007 |
| Minimum deposit | $10 |
| EUR/USD spread from | 1 pip (single retail live account; published "Currencies From 1 PIP — EUR/USD 1 Pips" at etoro.com/trading/fees/cfd-spreads/) |
| Platforms | eToro proprietary web platform, eToro mobile app |
| Withdrawal methods | eToro Money (instant), Credit/Debit card, Bank transfer, PayPal, Neteller, Skrill, Trustly, iDEAL |
| Crypto deposits/withdrawals | No |
Withdrawal speed: claim vs. measured
| Broker-published claim | Measured by us |
|---|---|
| Email confirming withdrawal status within 2 business days of the request; receiving funds may take up to 10 business days depending on method — eToro Money: instant; credit/debit card: up to 10 business days; bank transfer: up to 10 business days; PayPal/Neteller/Skrill/Trustly/iDEAL: up to 2 business days. [Source] | Testing in progress |
Islamic account: published terms vs. audit
| Availability | Broker-published claim | Measured by us |
|---|---|---|
| Yes | Zero interest (riba-free) on open positions; 7-day grace period, then daily admin fees on CFD positions held overnight (vary by instrument, applied after 22:00 GMT); admin fees do not apply to real stocks, ETFs or crypto; minimum deposit to open an Islamic account: $1,000. [Source] | Testing in progress |
Published spreads
| Broker | Platforms | Claim | Source |
|---|---|---|---|
| EURUSD | eToro CFD | from 1 pip (from) | Source |
| GBPUSD | eToro CFD | from 2 pips (from) | Source |
| USDJPY | eToro CFD | from 1 pip (from) | Source |
| XAUUSD | eToro CFD | from 0.025% (from) | Source |
Gulf funding and account currency
| mada | Not published |
| KNET | Not published |
| UAE local bank | Not published |
| AED account | No |
Published local-currency accounts are GBP, EUR, AUD and DKK only — no AED or SAR, and no mada or KNET reference on the fees page.
Scalping, Expert Advisors and hedging
| For Scalping | Not published |
| Expert Advisors | Not published |
| Hedging | Not published |
Regulation and license numbers
| Regulation | License no. | Official register |
|---|---|---|
| FCA (United Kingdom) | FRN 583263 (eToro (UK) Ltd) | Source |
| CySEC (Cyprus / EEA) | 109/10 (eToro (Europe) Ltd; MiCA licence granted Jan 2025) | Source |
| ASIC (Australia) | AFSL 491139 (eToro AUS Capital Limited) | Source |
| ADGM FSRA (UAE (Abu Dhabi Global Market)) | Financial Services Permission 220073 (eToro (ME) Limited) | Source |
| MAS (Singapore) | CMSL CMS101824 (eToro Singapore Pte. Ltd.) | Source |
| FSA Seychelles (Seychelles) | SD076 (eToro (Seychelles) Ltd) | Source |
| FinCEN (MSB) (USA) | NMLS ID 1769299 (eToro USA LLC) | Source |
| SEC / FINRA (USA) | SEC 8-70212, FINRA CRD 298361 (eToro USA Securities Inc.) | Source |
| Gibraltar FSC (Gibraltar) | 1333B (eToro X Limited, DLT provider) | Source |