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eToro UAE Review 2023 | Award Winner in 3 Categories

BEST FOR TRADING: Social Copy Trading Forex


Nr. OF CURRENCY PAIRS: 49 Major, Minor and Exotic


Rating: 4,9/5

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79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. eToro AUS Capital Ltd ACN 612 791 803 AFSL 491139. OTC Derivatives are speculative and leveraged. Not suitable for all investors. Capital at risk. See PDS and TMD

Page Summary

Below is an eToro review for traders and investors in the UAE. It breaks down all aspects of this online broker and compares them with other brokers from the industry. We paid attention to how their platform and features perform for the customers in the UAE to help you get the complete picture of their offering.

Review Summary:

In short, eToro is a reputable online broker regulated by 3 top tier regulators, known for its intuitive platform, commission-free stock trading, and high ease of use levels.

Their trading platform is interactive, easy to use and offers great social/copy trading possibilities. Users can trade on a wide range of assets including CFDs over stocks, currencies, cryptos, indices, commodities and ETFs.

Stock, ETF and crypto trading is cheap, while trading forex with eToro can be expensive. There are conversion (1%) and inactivity fees ($10/month).

Below is a detailed break down of eToro’s services in each of the different categories staring with assets.

Assets (Best Stock Broker For Beginners)

eToro users can trade on over 5,000 financial instruments including:

  • 2800 Stocks as CFDs
  • 49 Forex pairs
  • 264 Funds and ETFs
  • 54 Commodities
  • 250 Indices
  • 32 Cryptocurrencies

Based on their vast coverage of different stocks & stocks as CFDs in combination with an easy to use platform and zero commission stock trading fees, we listed eToro as the top stock broker in UAE for beginners.

eToro also allows users to trade and invest in real cryptocurrencies ( and not only crypto CFDs). The option to buy stocks, cryptos and other assets using the same platform make eToro a great option for those looking to invest in both crypto and conventional asset classes.

eToro Commissions and Fees

With zero commissions on stocks and ETFs, 1% trading fees on cryptos, and wide spreads on forex currency pairs (1-3pips), eToros fees are industry average.

Users are also charged in the form of overnight fees (on CFD trades), currency conversion fees (0.0050 pips) and inactivity fees ($10/month).

Below we break down eToro’s trading and non trading fees in more detail:

Trading fees

Trading Fee eToro Interactive Brokers
Stocks $0,00 $0,00
Cryptocurrencies 1% 0,18%
Forex 1pip (EUR/USD) 1.4 pip (EUR/USD)
CFD 0.5 to 1pip/trade 0.05%

While eToro trading fees are competitive when trading stocks, ETFs and cryptocurrencies, it is expensive to trade with currencies other than EUR/USD!

Non-trading fees

Type of Fee eToro Interactive Brokers
Inactivity Fees $10/month after 12 months of inactivity No inactivity fees
Conversion Fees 0.0050 pips $50/conversion
Withdrawal Fees $5 None
Management Fees None None
Social copy trading fees None N/A

With charges for inactivity ($10/month), withdrawal fees ($5/withdrawal), and currency conversion fees (if deposits are different than USD) eToro’s non trading fees are above industry average.

eToro Deposits & Withdrawals

Deposit and withdraw money on eToro is fast and simple. While eToro deposits are free of charge, withdrawals cost $5.

Users can choose between the following deposit and withdrawal methods: Credit Cards (Visa, MasterCard, Diners Club, and Maestro), PayPal, Neteller, and Skrill. Traders can use Wire Transfer. 

eToro’s minimum deposit is $200. Future deposits must be $50 or more. The only supported currency is USD.

eToro deposit and withdrawals compared with other brokers

Broker eToro Interactive Brokers
Bank Wire
Credit/Debit card
Account Minimum $200 $0,00
Deposit Charges None None
Withdrawal Charges $5 1-free, next $10

Account Types

eToro offers 4 different account types:

  • Professional account: requires the user to pass a knowledge test to get him ranked as a professional trader and also requires a minimum deposit of $10,000.
  • Retail account: is the standard account type that provides access to all assets and all order types including self directed and copy trading
  • Demo account: is the paper trading account that does not require any account approval and allows users to test their trading strategies before investing real money
  • Islamic swap-free account: enabled traders to trade according to Sharia law. It does not allow you to trade or invest in Haram companies or cryptocurrencies!

All eToro account types allow you to trade:

  • forex with up to 1:400 leverage
  • commodities with up to 1:100 leverage
  • CFDs on stocks with up to 1:10 leverage
  • CFDs on crypto with up to 1:5 leverage

Trading Platforms and Tools (Best Trading Platform in UAE for Beginners)


eToro offers a multi asset trading platform that combines autonomous and social trading from the same dashboard. A huge variety of tradable assets, basic technical and analytical tools, and “ease of use” are additional benefits. Their online trading platform has a clean design and useful functions, especially for beginners.

Although eToro only offers one single platform for both desktop and mobile and does not allow any third party integrations, it still ranks among the top rated platforms in UAE and Dubai for beginners. This is because of their simple order types and highly intuitive features that include multiple charting optionsorder types, an easy-to-use search barfilter system and watch list.

Note that the eToro’s platform does NOT support technical indicators, complex order types, or Expert Advisors. It is also NOT compatible with MetaTrader 4, MetaTrader 5, cTrader, or any other external platform or automated trading software. While this is great for beginners and casual traders not to get confused with too many trading features and options, professional traders will most likely find this set up lacking on advanced customization settings.

eToro platforms and tools compared with other brokers

Broker eToro Interactive Brokers
Desktop Platform
Web Platform
Mobile Platform
Easy to Use
Market Depth/Level 2
Advanced Charting
Trading Alerts
Demo Account
Other non-Proprietary
Social/Copy Trading
Strategy Tester

“Best In Class” For Social Trading

The most unique feature of the eToro platform is its social trading component where users can interactdiscuss ideasshare trading strategies with other traders, and even copy their trades using eToro CopyTrader. You don’t need any automated trading software or expert advisor to automate your trading with this feature. Simply click a trader, review their statistics, and decide with what part of your account (percentage or amount of money) you want to copy their exact trades.


Another useful feature for beginners is Smart Portfolios. These are ready-made thematic portfolios such as medical cannabis or driverless cars that you can add to your own portfolio to diversify your investments in a strategic manner. A minimum account balance of $2,000 is required to be able to use this feature.

eToro Research and Education

Besides having a beginner-friendly platform, eToro also offers an extensive research and education section that helps novice traders one their first trading steps. The education section is split up into three sections:

1. eToro Academy: offers basic educational materials and trading examples that will help beginners to read the platform’s features, charts, and trade options.

2. eToro Plus: provides traders with daily insights in the form of technical and fundamental analysis

3. The Bull Club is a daily podcast where users can listen to financial leaders and investors discussing macro-economic topics that can help make the right trading moves.

When it comes to research, eToro provides a comprehensive list of technical tools, charts, and newsfeeds. Those include analyst consensus, price targets, hedge fund sentiments, and insider trading sentiments. They are very useful research tools, but only available for a few of the best known stocks.

Customer Service

During our testing periods, the eToro customer service was responsive and available around the clock via live chat and phone in English and Arabic. The problems we had setting up the trading dashboard were fixed in a reasonable time frame. Their average email response time is 24h.

eToro Regulation

eToro is regulated by two tier-1 regulators; FCA and CySEC and also has a valid license from the UAE local regulator ADGM. This means that eToro is a safe broker to trade with and that your funds with eToro account are insured by the UAE central bank in case of insolvency of the broker.

eToro UAE Special Features

  • This broker is regulated by 2 top tier financial regulators and the ADGM and is considered safe for UAE and Dubai citizens.
  • The minimum deposit for eToro UAE users who are using an Islamic account is USD 1,000.
  • eToro offers islamic accounts for people who want to follow Halal and Islamic finance restrictions while investing
  • UAE users can’t deposit money into their account in AED. A conversion fee of $50 is automatically applied to convert AED deposits to USD

eToroThe Good and Bad


  • Access to over 4000+ tradable symbols
  • Great overall market coverage
  • Easy to use mobile trading app and platforms
  • Industry leading social/copy trading app
  • Great cryptocurrency trading features
  • Responsive customer support


  • Algorithmic trading not available
  • Forex and CFD fees above industry average
  • Education and research tools missing


With easy to understand order types, a highly intuitive platform interface, and responsive customer support in Arabic, it is easy to understand why eToro is popular among beginner traders. Keep in mind that eToro also offers a great social trading platform and the world’s largest social trading community that both help newcomers to step into the markets confidently.

79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. eToro AUS Capital Ltd ACN 612 791 803 AFSL 491139. OTC Derivatives are speculative and leveraged. Not suitable for all investors. Capital at risk. See PDS and TMD



Does eToro Work in UAE?

The answers is Yes, eToro works with all features, add-ons and tools for UAE citizens. There are no restrictions, no special requirements or exceptions for United Arab Emirates users. eToro does not have a local office in United Arab Emirates.

Is eToro Legal in UAE?

The answer is Yes, eToro is legal and is available to users living in the UAE. eToro does not have a local office in UAE or Dubai although it is regulated by a UAE local regulator – the ADGM.

Is eToro Available in Dubai

Yes, eToro is available for Dubai citizens without any restrictions. eToro does not have a representative office in Dubai. If you are living in Dubai and want to open an account with eToro, you can do that without any additional requirements. eToro support for Dubai users is available though phone and email.

Is eToro Safe for UAE Users?

eToro is considered safe, because it is regulated by 3 top tier financial regulators and users potential loses in the case of insolvency are covered by the UAE Central Bank

Disclaimer Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. Crypto assets are unregulated & highly speculative. No consumer protection. Capital at risk.


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