- Experts rate eToro highly as a recommended stock broker in the US, highlighting its commission-free trading on US stocks and user-friendly platform, which is particularly beneficial for beginners. However, they note limitations such as a restricted selection of 3,000 US stocks and the absence of margin trading options.
- Across 283 user reviews on Good Money Guide, averaging 3.4/5, customers appreciate the ease of use and the variety of products available, with many praising the platform's suitability for beginners. However, some users express concerns about account management issues and the platform's perceived lack of transparency, indicating a mix of positive experiences and significant frustrations.
eToro US Review Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.Our experts have rated eToro US Review across five key areas of our review framework.
- Pricing5.0
- Market Access4.0
- App & Platform4.0
- Customer Service4.5
- Research & Analysis4.5
Pros
- Commission-free US stock trading
- Copy other stock portfolios
- No withdrawal costs above $30
Cons
- Only 3,000 US stocks
- Limited account types
- No margin stock trading
See full expert review
Our verdict
eToro is getting better all the time. For beginners, it's great, but I think it will get more advanced as time goes on. I could tell this from when I interviwed the head of eToro US, Andrew McCormick. They have big plans for American investors. eToro lets you trade 3,000+ US stocks with 0% commission, but where they excel is their copy trading feature where you can follow popular investors and copy their stock traders and portfolios.
Is eToro a good stock broker?
Yes, overall, we rate eToro as a recommended stock broker in the US as they are correctly regulated and offer a wide range of US stocks to trade.
Pricing: It's free to trade US stocks on eToro. There is 0% commission and $0 withdrawal fees for transactions over $30 and instead makes it's money from interest on cash balances and payment for order flow (PFOF).
Market Access: You can trade about 3,000 US stocks in America with eToro which isn't as much as other US stock brokers like Interactive Brokers, but it is enough for most investors that want to buy shares in major companies like Tesla, Nvidia and Microsoft. However, US traders do not have access to international stocks.
App & Platform: These are great for beginners, I found them really simple to use and quite intuitive. However, for more advanced or high-frequency stock traders it may be a bit too basic. They are geared more towards people investing in the long term or running copy portfolios.
Customer Service: eToro provides very good customer service. Most of it is automated, but we found that we received quick responses when asking questions about stock trading.
Research & Analysis: This is where eToro really excels. There is some great analysis on their social channels, but the best part of eToro is being able to see what stock other people are buying. There is also a good social fee so you can get stock trading ideas too.
Customer reviews for eToro UK
Customer ratings come from reviews left on this site. Every review is read and approved before it is published.Based on 283 reviews
- Excellent20%
- Very good25%
- Basic35%
- Poor12%
- Bad7%
Read customer reviews
Loads of options
Loads of options
Easy to set up, excellent...
Easy to set up, excellent support and customer support
Do not use often enough...
Do not use often enough to comment
Ok
Ok
Acceptable
Acceptable
Pretty decent and now that...
Pretty decent and now that it offers ISAs that's great
No
No
1/5
Dead easy to use -...
Dead easy to use - spreads are high though
Good
Good
I only use this for...
I only use this for Bitcoin. It is extremely easy to use and monitor
No opinion, don't use very...
No opinion, don't use very frequently
Easy to use.
Easy to use.
Expensive transfer fee..
Expensive transfer fee..
1/5
.
.
3/5
Costs ate too high and...
Costs ate too high and no educational material for traders
Average
Average
very detailed solution
very detailed solution
Yes, you can trade stocks on eToro if you have an account in America.
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
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