Trading platform eToro has announced it has received and activated its Capital Markets Services licence from the Monetary Authority of Singapore (MAS), marking the company’s expansion to cater for Singaporean investors. But are they any good? In this review, we test eToro Singapore and compare it to eToro alternatives.
eToro Singapore provides local access to global markets
Who are they, and what do they do?
eToro Singapore is a subsidiary of the global eToro Group, a brokerage firm founded in 2007. The Singapore branch was established in July 2025, following the activation of its Capital Markets Services licence from the Monetary Authority of Singapore (MAS). Yaki Razmovich has been appointed as the Managing Director of eToro Singapore and Asia, leading the firm’s regional growth. The establishment of the Singapore office marks a milestone in expanding eToro’s footprint in the APAC region.
Market access
eToro Singapore provides access to all major asset classes, including 6,241 stocks, more than 752 ETFs, 62 currency pairs, 51 commodities, and 32 indices.
Clients can invest in either physical shares listed on 20 global exchanges, such as the NYSE, Nasdaq, LSE, and HKEX, or CFDs.
Pricing
Compared with other CFD providers, eToro’s spreads are slightly higher for standard accounts. However, trading costs become more competitive when upgrading to higher tiers within the eToro Club.
Major currency pairs generally range between 1 and 2 pips. Spreads for key commodities such as crude oil and silver are 5 pips, with a commission of 0.025% on gold and 0.015% for most of the indices. Commission charges also apply to stock.
For physical shares, commissions are set at US$1 for most exchanges and US$2 for Australia, Hong Kong, Dubai, and Abu Dhabi. Meanwhile, eToro offers zero commissions on ETF trading.
Notably, eToro pays annual interest on USD cash balance, ranging from 3.5% and 4.3%, depending on account tiers.
Platforms
eToro offers an all-in-one trading platform that supports all asset classes, available both as a web-based interface and a mobile application. The platform has a clean, intuitive, and user-friendly design. It is integrated with TradingView charts, making it suitable for traders of all experience levels.
What I like about the platform is that it comes with a social trading feature, which allows copy trading.
Research & Education
eToro has an ecosystem of client educational content, including timely market news and analysis, investing and trading courses, and thematic investment guides. The eToro Academy provides short videos and articles covering a broad range of categories, such as stocks, and CFDs.
The platform is integrated with an AI-powered research tool, a Chatbot named Tori, which can answer general market-related questions. However, it does not give predictions or trading advice.
Customer Service
Client service is available 24/7 on its trading platforms, either via Tori or the standard Q/A section. You can also raise a question ticket to be connected with an agent. However, there is no direct phone line or dedicated email support.
Pros
- Broad market access
- User-friendly platform with social features
- Comprehensive educational resources
Cons
- Higher trading costs and fees for lower-tier accounts
- No Singapore dollar account available
- Pricing (4)
- Market Access (3)
- App & Platform (4)
- Customer Service (4)
- Research & Analysis (3.5)
Overall
3.7
Tina was a Market Analyst at CMC Markets from 2015 to 2024, providing client education, market commentary, and media presentations. She specializes in technical analysis and market fundamentals. Tina believes financial markets comprise a vast area reflecting economies, politics, history, psychology, and philosophy. As a result, her analysis is based on her interpretation of a specific country’s economic and historical background, alongside investor sentiment and behaviour.
Tina’s expertise has garnered recognition, with her commentary frequently quoted by reputable sources like Bloomberg, CNBC, Routers, WSJ, and AFR. Her insights span a diverse spectrum, covering various financial domains, including stock markets, foreign exchange, commodities, and cryptocurrencies. Previously, she also spent significant time with China Central Television. This experience allowed her to develop a deep understanding and insight into China’s economics and business.
