United Kingdom
Australia
France
Germany
United Arab Emirates
activeFeaturedBroker
- HQ
- Greenwich
- Fee
- No inactivity on many accounts
eToro
Social investing: copy traders, stocks, and crypto in one feed.
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7.4Solid
AlternativesFive questions
At a glance
Is it a bank?
No. eToro is not a licensed bank. Confirm who the money sits with before you send salary there.
If it fails?
FSCS on eligible UK investment firm claims (limits apply) — not a bank deposit
Salary?
Not listed. An IBAN or sort code is not automatically a salary account.
Open from abroad?
Residency and KYC are gated. An App Store listing is not proof you can onboard.
Monthly fee
No monthly · spreads and CFDs do the work
Account number
No IBAN-class local rail on this file.
NeoBankDB Verdict
Licence first · score second
7.4
/10 · Solid
A retail broker with a feed. Never describe it as a neobank. Read whether your instrument is a real share or a CFD.
What it is
eToro is a social investment platform. Entity and instrument type decide protection. It is here because neobank roundups keep stuffing it into ‘best app’ lists without that sentence.
Best for: Retail investors who want copy-trading and a simple app, not DMA plumbing.
Last checked 2026-08-01. Not advice.
What it does well
- +CopyTrader is unique
- +Easy onboarding
- +Crypto + stocks
What to watch
- −Spreads vs IBKR
- −CFD vs real-share confusion
- −Not a bank
Who holds the money
The account
How money actually moves
- Who holds the cash
- Insured bank deposit
- How money moves
- Faster Payments · Crypto on-ramp
- Built for
- Investing
- Settlement
- App-ledger instant; bank rails per corridor
- Freeze risk
- Compliance holds on fiat ramps are common
- Card
- eToro has no card listed on this file.
Licence first
Safety
FSCS on eligible UK investment firm claims (limits apply) — not a bank deposit
- FCABroker · United Kingdom
- CySEC / ASICLocal entities · EEA / Australia
Fees
- Monthly
- No monthly · spreads and CFDs do the work
- FX markup
- Conversion on non-USD deposits
- ATM
- N/A
Features
- –IBAN
- ✓Fee-free core
- ✓Multi-currency
- –Apple Pay
- –Google Pay
- –Virtual card
- –Physical card
- –Metal card
- ✓Crypto
- ✓Stocks
- –Business
- –Kids
- –Halal
- Stocks (real in many markets)
- CopyTrader
- Crypto
- CFDs where legal
- Smart Portfolios
Score
- Safety25%
- 7.2
- Fees20%
- 6.4
- Features15%
- 8.0
- App15%
- 8.2
- Global15%
- 8.0
- Support10%
- 6.6
Change log
Full logNo dated notes yet. When the licence, fees, or status moves, it lands here.
Straight answers
FAQ
01Is eToro a bank?
eToro is filed as Broker. The named regulator is FCA. Still read the entity on the statement before you send money.
02What happens to money in eToro if it fails?
FSCS on eligible UK investment firm claims (limits apply) — not a bank deposit
03What does eToro charge each month?
The monthly fee on this file is No monthly · spreads and CFDs do the work. Fees change — open the operator's pricing page if it is linked.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
Alternatives
activeFeaturedNeobankCrypto card
- HQ
- London
- Fee
- Free
activeFeaturedExchange
- HQ
- San Francisco
- Fee
- Free to hold