BrokerSafari Evidence Score
This is an evidence-based editorial calculation, not a guarantee of safety, an account test or an investment recommendation. It uses only the structured research recorded for this broker, never another website’s rating.
| BrokerSafari Evidence Score | 8.1 / 10 — Strong |
|---|---|
| Evidence confidence | medium |
| Evidence coverage | 78.5% |
| Assessed quality score | 8.1 / 10 |
| Evidence-gap penalty | 0.0 |
| Score before caps | 8.1 / 10 |
| Calculated score after caps | 8.1 / 10 |
| Regulation & Legal Entity | Weight 30%; coverage 66.7% (2/3 inputs). Quality 8.3 / 10; 24.9 / 30 weighted points before normalization and penalties. |
|---|---|
| Safety & Client Protection | Weight 20%; coverage 75% (3/4 inputs). Quality 8.0 / 10; 16 / 20 weighted points before normalization and penalties. |
| Transparency | Weight 15%; coverage 100% (4/4 inputs). Quality 8.6 / 10; 12.9 / 15 weighted points before normalization and penalties. |
| Fees & Trading Costs | Weight 10%; coverage 100% (4/4 inputs). Quality 7.5 / 10; 7.5 / 10 weighted points before normalization and penalties. |
| Deposits & Withdrawals | Weight 10%; coverage 60% (3/5 inputs). Quality 7.5 / 10; 7.5 / 10 weighted points before normalization and penalties. |
| Trading Platform & Products | Weight 10%; coverage 100% (4/4 inputs). Quality 7.9 / 10; 7.9 / 10 weighted points before normalization and penalties. |
| Track Record & Independent Evidence | Weight 5%; coverage 50% (1/2 inputs). Quality 8.0 / 10; 4 / 5 weighted points before normalization and penalties. |
Quality uses only assessable inputs. Entirely unassessed categories are excluded and remaining category weights are normalized; missing evidence is not zero quality. Coverage separately measures assessed input weight out of 100%. A gap penalty of 0.0, 0.3, 0.7 or 1.2 is applied before regulatory caps. Source strength affects confidence, not a direct multiplication of the quality score.
Rating cap
None.
Why this score?
Verified strengths
- Regulation & Legal Entity — Account-serving legal entity: partially verified. Partial verification only; unresolved scope remains an evidence gap.
- Regulation & Legal Entity — Relevant financial regulation: partially verified. Only the documented relevant entity/permission is verified, not every group licence or account.
- Trading Platform & Products — Platform identity and clarity: partially verified. Partial verification only; unresolved scope remains an evidence gap.
Provider-disclosed evidence
- Safety & Client Protection — Client-money segregation: disclosed.
- Safety & Client Protection — Negative-balance protection: partial. Conditional protection is disclosed; account-specific independent verification is not established.
- Safety & Client Protection — Investor-protection coverage: partial. Partial coverage is disclosed; independent account eligibility is not established.
- Transparency — Company transparency: high.
- Transparency — Legal-document transparency: high.
- Transparency — Regulatory-disclosure transparency: high.
- Transparency — Contact transparency: medium.
- Fees & Trading Costs — Spread transparency: medium.
- Fees & Trading Costs — Commission transparency: medium.
- Fees & Trading Costs — Overnight-fee transparency: medium.
- Fees & Trading Costs — Live trading-cost testing/corroboration: provider disclosed only.
- Deposits & Withdrawals — Deposit and withdrawal fee transparency: medium.
- Deposits & Withdrawals — Payment-method transparency: medium.
- Deposits & Withdrawals — Withdrawal-term transparency: medium.
- Trading Platform & Products — Mobile availability: disclosed.
- Trading Platform & Products — Trading-product transparency: medium.
- Trading Platform & Products — Platform testing: provider disclosed only.
Supplementary independent evidence
- Track Record & Independent Evidence — Independent-source documentation: medium.
Evidence gaps
- Regulation & Legal Entity — Regulatory warnings and enforcement: unassessed.
- Safety & Client Protection — Security controls: unassessed.
- Deposits & Withdrawals — Independent withdrawal testing/corroboration: unassessed.
- Deposits & Withdrawals — Verified withdrawal findings: unassessed.
- Track Record & Independent Evidence — Operating history: unassessed.
- A relevant entity/regulator relationship is verified; other group licences and account-specific coverage remain unresolved.
Verified concerns
No verified adverse finding is recorded in these inputs. This is not a clean bill of health or continuous monitoring.
Broker Overview
eToro operates an investing and trading platform through several legal companies. The FCA lists eToro (UK) Ltd, FRN 583263, and CySEC lists eToro (Europe) Ltd, licence 109/10. eToro’s own entity page names additional companies for Australia, Seychelles and the Middle East, among other markets. The relevant company depends on residence, product and the onboarding process.
The service includes direct investment options, CFDs, crypto-asset features and social tools such as CopyTrader and Smart Portfolios. These functions do not all share the same regulatory treatment. The company notes that some share or ETF positions can be executed as CFDs due to product restrictions; the instrument label in the trade window matters.
eToro’s fees page explains that pricing depends on asset type and may include spreads, crypto fees, CFD charges, overnight/weekend fees, withdrawal or currency-conversion fees. A “zero commission” statement for a particular investment product does not mean every transaction or account is free.
This is public-source research only. BrokerSafari did not open an account, copy a portfolio, buy an asset, measure live costs or submit a withdrawal.
Source: eToro — regulation and licence information · Last Checked:
Source: eToro — corporate entities · Last Checked:
Regulation
The FCA record identifies eToro (UK) Ltd, FRN 583263. The CySEC investment-firm record identifies eToro (Europe) Ltd, licence 109/10 and company registration 200585. These are two separate regulator records for named companies, not a single global authorization. Check the current register for the precise investment activity and domain.
eToro’s UK company page also describes FCA registration for crypto-asset services. That registration is not the same as authorization to provide every investment service, and crypto-asset rules should not be conflated with the CySEC investment-firm licence. eToro lists separate entities for money/e-money services and other regions.
This review does not verify every subsidiary, service or regulator. It also does not complete a full warning/enforcement sweep. The warning input remains unknown; this is not a finding that there are no regulatory actions.
Source: FCA — eToro (UK) Ltd · Last Checked:
Source: CySEC — eToro (Europe) Ltd · Last Checked:
Source: eToro — service-specific regulatory disclosures · Last Checked:
Legal Entities
The UK and EU companies are matched to regulator records. Additional entities below are named on eToro’s corporate page but are not independently verified in this review. eToro Money companies and crypto registrations are separate service categories and should not be treated as the same investment authorization.
| eToro (UK) Ltd | United Kingdom. Matched to FCA FRN 583263; eToro states company number 07973792. |
|---|---|
| eToro (Europe) Ltd | Cyprus. Matched to CySEC licence 109/10; CySEC lists company registration 200585. |
| eToro AUS Capital Limited | Australia. Named in eToro’s corporate-entity disclosure; current ASIC permissions were not independently checked here. |
| eToro (Seychelles) Limited | Seychelles. Named in eToro’s entity disclosure; exact service and current FSA scope not independently checked here. |
Source: eToro — corporate entities · Last Checked:
Source: FCA — UK entity · Last Checked:
Source: CySEC — European entity · Last Checked:
License Information
eToro (UK) Ltd
Authority: Financial Conduct Authority (FCA) (United Kingdom). Licence identifier: FRN 583263.
Evidence status: The FCA register lists eToro (UK) Ltd under reference 583263. eToro states that its UK company number is 07973792. The specific service and permissions must be checked in the live record.
Source: FCA Financial Services Register — eToro (UK) Ltd · Last Checked:
eToro (Europe) Ltd
Authority: Cyprus Securities and Exchange Commission (CySEC) (Cyprus). Licence identifier: CySEC licence 109/10.
Evidence status: The CySEC investment-firm record identifies eToro (Europe) Ltd, licence 109/10, with company registration 200585. Its crypto-asset registration is a distinct record and should not be conflated with investment-firm authorization.
Source: CySEC — eToro (Europe) Ltd · Last Checked:
eToro’s UK company reference and the CySEC investment-firm licence are separately confirmed on their regulator pages. eToro also describes UK crypto-asset registration and other group permissions. A crypto registration, payment-services authorization and investment-firm licence have different scopes. Check the regulator record for the precise service before relying on a protection statement.
Source: eToro — service-specific regulatory disclosures · Last Checked:
Company Information
| Brand | eToro. |
|---|---|
| UK legal entity | eToro (UK) Ltd; company number 07973792; FCA FRN 583263. |
| EU legal entity | eToro (Europe) Ltd; company registration 200585; CySEC licence 109/10. |
| Other disclosed companies | eToro AUS Capital Limited, eToro (Seychelles) Limited, eToro (ME) Limited and separate eToro Money companies. |
| Group ownership and financial assessment | Not assessed in this review. |
Source: eToro — corporate entities · Last Checked:
Source: FCA — UK firm details · Last Checked:
Source: CySEC — EU firm details · Last Checked:
Trading Platforms
eToro describes a proprietary web and mobile platform with investment, market information and social features. CopyTrader allows customers to follow other investors, while Smart Portfolios group assets or strategies. These tools are platform features, not guarantees of diversification, performance or suitability.
The platform can show direct positions and CFDs. eToro states that some non-leveraged buy positions in stocks or ETFs may be executed as CFDs due to product restrictions; such positions have different costs and risk. Review the order screen and statement to determine the instrument type. We did not test platform reliability, execution or copy-trading behavior.
Source: eToro — platform and social features · Last Checked:
Source: eToro — product markets · Last Checked:
Trading Products
eToro’s public pages describe stocks, ETFs, crypto-assets, currencies, commodities, indices and CFDs, subject to regional availability. A position displayed as a CFD is a derivative and does not provide ownership of the reference asset. Some investment features and crypto services may be delivered by separate companies.
CopyTrader and Smart Portfolios do not remove market or concentration risk. Past performance is not a reliable indicator of future results, and copied trades may be executed at different times or prices. Verify leverage, overnight fees, asset custody, transfer limits and account protection for each product.
Source: eToro — markets and instruments · Last Checked:
Source: eToro — entity and service disclosures · Last Checked:
Trading Conditions
| Direct stocks / ETFs | Some eligible positions may be offered without a separate commission; product restrictions and FX costs may still apply. |
|---|---|
| CFDs | Spreads and possible overnight/weekend charges apply; the trade is labeled as a CFD in the platform. |
| Crypto | Asset and service rules differ by country; crypto wallet or transfer services may involve separate terms. |
| Copy features | CopyTrader and Smart Portfolios are subject to platform terms; future results are not guaranteed. |
| Account currencies | Currency availability and conversion fees vary by region and payment method. |
| Execution testing | No live order or copy-strategy test was performed. |
Compare products by their actual legal and economic structure. A direct share purchase, a CFD on that share, a crypto-asset purchase and a copied portfolio involve different exposures and rights. The product label, fee schedule and contracting company should be reviewed together.
Source: eToro — current fee disclosures · Last Checked:
Source: eToro — platform product information · Last Checked:
Fees
eToro’s fee pages state that charges vary by product and region. They describe spreads for CFDs, possible overnight or weekend fees, crypto transaction charges, currency conversion and account-related costs. A direct stock or ETF position may have a different pricing model, and some positions that appear to be investments may be CFDs.
Conversion rates can vary by country, payment method and account tier. eToro’s fee page says conversion may apply when transactions or deposits/withdrawals involve a currency different from the account currency. The amount should be checked before a transaction rather than inferred from a headline rate.
We did not capture live quotes, perform a conversion or calculate total costs on a sample portfolio. Published fees are provider disclosures, and the exact fee page for the customer’s entity and asset takes precedence.
Source: eToro — fees and charges · Last Checked:
Source: eToro — markets and product overview · Last Checked:
Deposit & Withdrawal
eToro describes deposits and withdrawals through its customer platform and lists payment methods that vary by country. eToro Money accounts, GBP/EUR balances and investment accounts can be provided by separate companies. A payment product’s terms should not be confused with the investment account’s regulatory status.
Before funding, verify the account currency, conversion fee, supported payment method, minimum and maximum, identity requirements and withdrawal charge. Payment options and limits may be visible only after login. The source pages reviewed do not establish a representative processing time or guarantee that a payment will be accepted.
No deposit, withdrawal or crypto transfer was tested. We have no independent evidence about withdrawal speed or success.
Source: eToro — fees, including conversion · Last Checked:
Source: eToro — company and service information · Last Checked:
Research Summary
The regulator sources are the FCA record for eToro (UK) Ltd and CySEC’s record for eToro (Europe) Ltd. Provider sources include the corporate-entity page, regulatory disclosures, fees, platform and market pages. This record supports two named regulated entities but does not establish all services or regions.
We did not test CopyTrader, Smart Portfolios, direct investments, CFDs, crypto transfers, platform uptime, live pricing or withdrawals. Those omissions mean performance and customer experience remain unverified. We do not convert any external rating or platform popularity metric into a BrokerSafari score.
The Evidence Score is calculated automatically from the listed evidence fields and does not forecast returns, safety or suitability. Unknown warning status remains an evidence gap.
Source: FCA — UK entity · Last Checked:
Source: CySEC — European entity · Last Checked:
Source: eToro — provider-published fees · Last Checked:
Safety / Regulation Analysis
The FCA and CySEC records apply to different named companies. Crypto-asset registrations, e-money/payment services and investment-firm permissions are also distinct. The account’s legal entity and product label determine which rules and protections may apply. No one record should be read as a blanket guarantee for all services.
eToro says user funds are held in segregated accounts and describes negative-balance protection for retail clients in its help material. The scope is product- and entity-specific; the company’s own investor-protection page says treatment depends on geography, assets and amount. We did not independently audit custody or verify an individual account’s eligibility.
We did not conduct a comprehensive warning or enforcement review for every company. The warning field remains unknown. This is not a finding that eToro has no regulatory actions, nor is it evidence of a current issue.
Investing and leveraged CFDs can lose value; copy trading can concentrate exposure and replicate losses. Crypto-assets carry additional risks and may have different protections. This is educational information, not personalized financial advice.
Source: FCA — eToro (UK) Ltd · Last Checked:
Source: CySEC — eToro (Europe) Ltd · Last Checked:
Source: eToro — regulatory scope · Last Checked:
Source: eToro — investor and account protection disclosure · Last Checked:
Source: eToro Help — negative-balance protection for retail clients · Last Checked:
What We Could Verify
The FCA register lists eToro (UK) Ltd under FRN 583263. CySEC lists eToro (Europe) Ltd under licence 109/10. The company’s own entity page identifies additional companies and explains that service scope differs. The fees page distinguishes products and conversion charges.
These records do not establish which company will serve a particular reader or whether a particular service is covered by the investment-firm authorization.
Information Still Unclear
- The legal entity and protection scheme for each individual product and customer residence.
- The exact fee and conversion rate applicable to an account at the time of a future transaction.
- Live execution, copied portfolio outcomes, customer service and withdrawal performance.
- A complete current regulatory warning and enforcement review across the group.
Evidence Reviewed
Sources were checked on 20 October 2026. The date is a snapshot and does not imply ongoing monitoring.
Source: FCA — eToro (UK) Ltd · Last Checked:
Source: CySEC — eToro (Europe) Ltd · Last Checked:
Source: eToro — regulatory information · Last Checked:
Source: eToro — corporate entities · Last Checked:
Source: eToro — fees · Last Checked:
Source: eToro — platform · Last Checked:
How to Continue Your Research
FAQ
The FCA register lists eToro (UK) Ltd under FRN 583263, and CySEC lists eToro (Europe) Ltd under licence 109/10. These records apply to named companies. Other products and regions may use separate entities.