eToro Review 2025: Trading Accounts & Withdrawals to Explore

eToro	⭐⭐⭐⭐
Regulations	ASIC, CYSEC, FCA
Tradable Assets	55 currences, 6,202 stocks, 703 ETFs, 42 commodities, 18 indices, 106 cryptocurrencies
Minimum Deposit	$10
Trading Fees	Forex trading from 1 pips ( the euro/usd pair), 1% for crypto trading, commission-free on stock and ETFs trading, low-cost option trading
Live Accounts	A single Trading Account
Demo Account	Yes ($100,000 Virtual Funds)
Account Opening	1-2 business days
Max. Leverage	30:1 ( Retail traders), 400:1 ( Professional traders)
Trading Platform	eToro Proprietary Trading Platform, MetaTrader 4

About eToro

eToro is an intuitive online trading platfrom that features social trading solutions, a unique being in the industry, with great popularity among both novices and seasoned traders. On the eToro platform, traders can trader over greater amount of stocks and ETFs with zero commission charged,anencouraging feature was later adopted by many of its competitors. 55 currencies can be traded, with spreads starting at 1 pip (typically on the euro/usd pair), not that competitive, and a trading fee of 1% trading fee of 1% applies to crypto trading. Opening a trading account is quite easy for investors, and demo accounts (funded with $100,000 virtual money) are also provided to enhance beginners' trading courage. However, a major disencouraging point is that this broker has a more limited platform options, only eToro proprietary trading platform and MetaTrader (MT4) supported.

✅Where eToro shines:

• Commission-free on stocks and ETFs trading in a great variety
• Intuitive and easy to use trading platforms
• Operate under a strict regulatory framework
• A pioneer to support social trading solutions
• Demo accounts provided
• Prices provided in real-time
• No deposit or withdrawal fees

❌Where eToro Falls Short:

• Limited trading platform options compared to its competitors
• Higher forex trading costs
• Online trading services are not supported in many regions

eToro Account Review

Unlike many other forex brokers, eToro does not provide various tailored trading accounts, only a single trading account for all investors.

How to open an account with eToro?

To open an account with eToro is not complex, only the following five steps required:

Step 1: On the www.eToro.com page, find and click on the button marked “Join Now” or “Join eToro”.

Step 2: To sign up for an account, go to the next page and fill out the electronic form with your details (email address, username, and password). You also have the option of sticking with Gmail.

Step 3: After this step, a new page will appear asking for further information to verify your account. This includes details like your date of birth, phone number, country of residence, trading experience, amount invested in stocks or ETFs, and more. Notably, verification is a mandatory part of the process of registering for the eToro platform. As part of the KYC process, newly registered investors are required to provide a Confirmation of Residence (e.g. a valid utility bill dated to the last 3 months,) as well as a Proof of Identity such as a valid passport, or other form of officially issued photo ID.

As part of the KYC process, new investors are required to complete a questionnaire. This helps eToro tailor its services to each investor's individual profile. The questionnaire covers areas such as professional status, capital market knowledge, financial liquidity, risk tolerance, and investment goals.

Then eToro will send you a link to verify your email.

Step 4: You will be able to fund your account after the verification process is complete. For this example, we'll use Singaporean dollars (SGD), where you can choose the amount and enter the name of your debit card. Here, eToro alone accepts bank transfers and debit cards for deposits. Deposits at eToro can only be made in US dollars. Additionally, Checkout.com will handle the actual conversion.

Step 5: Finally, you are able to begin actual trading with your eToro account once you have deposited funds.

To open an account on the eToro platform, which is often a very easy and simple process, takes no more than a day. An overall rating of the eToro account-opening process is as follows:

eToro
Acount-opening process	⭐⭐⭐⭐
Account-opening fee	⭐⭐⭐⭐⭐
Account-opening time	⭐⭐⭐⭐
Account Setting	⭐⭐

Some eToro account-opening reviews claim the platform is quick and straightforward to approve and receive deposits, but the customer service department is unresponsive when you seek a withdrawal, which is something we'll get into later.

eToro Demo Account

eToro offers a free demo account, also known as a virtual portfolio, that allows users to experience the platform and practice trading without risking real capital. This demo account comes pre-loaded with $100,000 in virtual funds without any time limit. enabling users to explore eToro's features, test different trading strategies, and familiarize themselves with the platform's interface before committing real money. Traders through eToro demo can trade a great variety of markets inluding stocks, crypto, commodities & more. Please note that one eToro demo account can be opened per email and user name.

Broker
Account Duration	No time limit	12 Weeks	30 Days	No duration ( as long as it is active)
Amount of Virtual Funds	$100,000	£10,000	$50,000	$1,000
Unlimited	No	No	Yes	No

Obviously, eToro's demo account stands out with its unlimited duration, allowing for extended learning and practice without time constraints. The generous $100,000 virtual funds provide a realistic trading environment, unlike some platforms with limited virtual capital. This combination of unlimited time and substantial virtual funds fosters a comfortable and effective learning experience for traders of all levels.

How to open an eToro demo account?

Opening a demo account on the eToro platform is not complex and all you need to do is the following three steps:

Step 1: Click the “Open Account” button on the demo account section of the eToro website.

Step 2: Provide the required information, such as your email address, username, and password. You can also sign up using your Google or Facebook account.()

Step 3: eToro will send you a confirmation email with a verification link. Click on the link to verify your email address. Once your email is verified, log in to your eToro account.

Step 4: After logging in, you'll see a “Real/Virtual” button, usually located under your username. Click on it and select “Virtual Portfolio.” This will switch your account to the demo mode, where you'll have $100,000 in virtual funds to practice trading.

eToro Withdrawal Review

eToro Withdrawal Methods

eToro offers several withdrawal methods, including eToro Money (instant), Credit/Debit Card (up to 10 business days), PayPal, Neteller, Skrill, Trustly, and iDEAL (up to 2 business days). A $5 withdrawal fee applies to all transactions, with a $30 minimum withdrawal amount. Withdrawals in currencies other than USD are subject to conversion fees. Additionally, your funding provider (intermediary bank, receiving bank, or credit card provider) may also impose separate charges.

eTory Money-More details on it

eToro Money is an innovative service offered by eToro that provides users with a digital wallet and account, designed to streamline transactions and manage funds within the eToro ecosystem. Essentially, it is an e-wallet that integrates with your eToro trading account, offering several benefits:

• Instant Withdrawals: Instantaneous financial transfers between your eToro trading and eToro Money accounts are a major feature of eToro Money.
• Fee-Free Deposits: When you use eToro Money to fund your eToro trading account, you can often avoid currency conversion fees, making it a cost-effective option for deposits.
• Crypto Wallet Functionality: eToro Money also includes a digital wallet for storing and managing your cryptocurrencies.
• eToro Money Card: For eToro Club members, there's an exclusive eToro Money Card (a Visa debit card) that can be used to spend funds from your eToro Money account anywhere Visa is accepted.

How to withdraw funds from eToro?

To open a withdrawal request, ensure you have a minimum of $30 in withdrawable funds in your verified account.

The withdrawal process involves three simple steps, outlined below:

Step 1: Select the Withdraw Funds tab on the left-hand menu, and then click it.

Step 2: Enter the desired withdrawal amount. There is a $30 minimum withdrawal amount, and you must have sufficient funds in your account to make the transaction. On top of that, you have to decide which withdrawal methods you want to use.

Step 3: The eToro customer support team will take up to one day to review your withdrawal request once you ask for one; the time your money shows into your account will rely on the payment option you choose.

Some exposure cases about eToro withdrawal

Despite eToro's advertised ease of withdrawals, often described as a simple, multi-step process, numerous traders report significant difficulties withdrawing their funds. The following examples solidifying these issues.Here, let's pick two of them:

Case 1: Unable to withdraw

“ Whenever I deposit in the Tron Link wallet and register for mining with the Divi system, the deposit funds are withdrawn with profits, and I cannot take them out to the wallet again, although I spoke with a customer about this problem, they ask me to deposit the same money that is inside my mining pool, and I cannot deposit again because The total amount of money is 500 dollars, but I have the capacity for this amount. Really, I am very sad because I needed this money to sponsor my mothers treatment, but what should I do?”

An Egyptian victim reported being unable to withdraw profits from his eToro wallet. Despite contacting customer support, he received no response. Instead, the eToro team allegedly requested further deposits, matching the funds already present in his mining pool. The victim provided documentation as evidence of this experience.

Case 2: They will never give my money back!

“Last December 24th I withdrew funds from my trading account. I used the wire transfer method to withdraw money. But they did not transfer my money into my account. I have emailed them regarding this matter. They replied me they did that in order for safety purposes of their clients funds. Now I have to send another ID confirmation, but still they are just replying my funds is process. After 3 months, I still receive my money.”

A victim from the Philippines recounted a failed withdrawal attempt from the previous year. Using a wire transfer, he was unable to receive his funds. eToro attributed the non-transfer to client fund safety, a justification the user disputed. He also provided documentary evidence to support his claim. These cases, among others, contradict eToro's advertised simple and fast withdrawal process, suggesting significant withdrawal problems on the platform.