eToro review
- Fee for buying $1,000
- $10by bank transfer
- Bank withdrawal timing
- up to 2 days after the 7-day hold
- Coins
- 113
eToro publishes a $10 fee for a $1,000 crypto purchase by bank transfer (1% fee, plus spread). eToro isn't available in Nevada, Hawaii, Puerto Rico, US Virgin Islands, American Samoa, plus Guam.
- $1,000 purchase by bank transfer
- spread and $10
- States where the service isn't available
- Nevada, Hawaii, Puerto Rico, US Virgin Islands, American Samoa, Guam
- Withdrawing money to a bank
- No charge; a 7-day hold follows online-banking deposits
- FinCEN registration as a money services business
- Registered etoro.com
- NYDFS licence for New York
- It does. dfs.ny.gov
score of 6.4 out of 10
- Fees earned 4.0 out of 10, with a 30% weight
- Availability earned 9.0 out of 10, with a 20% weight
- Security and licences earned 7.0 out of 10, with a 20% weight
- Products earned 4.4 out of 10, with a 15% weight
- App ratings earned 8.8 out of 10, with a 15% weight
We earn a commission if you open an account through our links. It does not change the fees you pay or our score.
Open a eToro accounteToro fees in dollars
Each fee in the eToro table refers to its source page on eToro. The worked example adds up all the fees for $1,000.
| Fee | Rate | Source | Read on |
|---|---|---|---|
| Simple buy fee | 1% | etoro.com | November 2, 2026 |
| How the simple buy fee is set | Every crypto buy and sell has a flat 1% fee shown separately before trading (since mid-July 2025) | etoro.com | November 2, 2026 |
| Spread | Since mid-July 2025 the 1% charge is not part of spreads; partner execution venues supply quoted prices; any remaining market spread has no stated figure | etoro.com | November 2, 2026 |
| Bank withdrawal (ACH) | Free | help.etoro.com | November 2, 2026 |
| Wire withdrawal | Free | help.etoro.com | November 2, 2026 |
| Instant cash out | No instant cash-out option appeared in the search. There's no withdrawal fee from eToro, and withdrawals follow business-day timing | help.etoro.com | November 2, 2026 |
| Bitcoin withdrawal | Your own-wallet withdrawal costs up to 2%, but the fee can't exceed $100. Incoming transfers are free, although network fees may apply. | etoro.com | November 2, 2026 |
What $1,000 costs on eToro
We compare each payment and payout method using $1,000; a dash means eToro publishes no number.
| What you do with $1,000 | You pay | How it is charged |
|---|---|---|
| Buy by bank transfer (ACH) | $10 | 1% fee, plus spread |
| Sell and send to your bank (ACH) | $10 | 1% fee, free payout, plus spread |
| Cash out to your bank (ACH) | $0 | free |
| Cash out by wire | $0 | free |
The eToro fees page lists every fee eToro charges and includes a calculator for your own amount.
Where you can use eToro
People living in New York can use eToro. eToro doesn't serve Nevada, Hawaii, Puerto Rico, US Virgin Islands, American Samoa, plus Guam.
Withdrawing money from eToro
After depositing through online banking, you must wait through a 7-day hold before a free bank withdrawal. Processing runs for up to 2 working days, and sending the money to the bank generally takes under 3 working days. Money deposited through online banking (ACH) is subject to eToro's hold rule: seven days must pass from the deposit date before you may withdraw it.
The eToro withdrawal guide explains what to do when a withdrawal is stuck, along with the times and limits.
eToro's operator and licences
eToro USA LLC operates eToro's US business, with eToro NY LLC for New York.
eToro states that it's registered with FinCEN as a money services business.
eToro holds a licence or charter issued by NYDFS for New York.
Its licences page lists eToro's state licences.
The record contains only one dated incident involving eToro, and each incident is listed with its source.
How eToro handles security
None of the pages we read includes a proof-of-reserves attestation from eToro.
eToro on custody: With regulated custody providers, the setup combines cold and hot storage. Client cryptoassets remain segregated.
eToro account security: Two-factor authentication is required to access accounts.
How the eToro app is rated
Users give the eToro app 4.4 out of 5 across 9,966 ratings on the App Store.
Opening an eToro account
To open an eToro account, you must show proof that you're 18+, live in an eligible US state and use a non-VOIP US phone. An ITIN isn't accepted; you need a valid SSN instead. Non-permanent residents without an eligible visa can trade crypto only.
You must be at least 18 to open an eToro account.
Using eToro for staking
According to the US coin table, ADA, ETH, SOL, SUI can be staked by US customers on eToro. No extra staking fee is stated on the crypto page.
eToro's strengths and weaknesses
Pros
- For crypto, NYDFS is the strictest US state regulator, and it licenses eToro.
- No charge applies when you withdraw money from eToro to a bank.
Cons
- eToro isn't available in Nevada, Hawaii, Puerto Rico or other places.
- eToro's simple buy price includes a spread that the company doesn't publish.
- Compared with larger exchanges, eToro's coin list (113) has fewer coins.
- eToro doesn't offer an advanced trading screen with lower fees.
Comparing eToro with
Side-by-side pages show eToro next to the exchanges that people most often compare it with.
Further eToro information
Frequently asked questions
Is eToro available in every US state?
eToro isn't available in Nevada, Hawaii, Puerto Rico, US Virgin Islands, American Samoa, plus Guam.
How long does an eToro bank withdrawal take?
eToro doesn't charge for bank withdrawals. A 7-day hold follows deposits made through online banking. Processing needs up to 2 working days, while banks generally complete the transfer in under 3 working days.
Does eToro provide a 1099 form?
Yes. eToro sends Form 1099-DA for crypto gains (tax year 2025 onward; a Crypto Tax Form applies to earlier years). Bonuses such as Refer a Friend are listed on 1099-MISC.