eToro is a multi-asset brokerage platform headquartered in Limassol, Cyprus, with additional offices in the United Kingdom and United States. The platform is regulated by multiple authorities including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC). eToro offers access to stocks, ETFs, cryptocurrencies, commodities, currencies, and indices, and is known for its social and copy trading features that allow users to replicate the trades of other investors on the platform.

eToro at a glance

Reference data from public sources. Confirm details on the broker's own website.

BrokereToro
RegulatorFCA CySEC ASIC
Minimum deposit50 USD
FeesSpreads no commission
Arabic interfaceNo
Available inUAE, KSA, QA, BH, KW, OM
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What stands out

  • +eToro supports copy trading, which allows users to automatically mirror the positions of other traders on the platform in real time.
  • +The platform offers commission-free stock and ETF trading, though other fees such as spreads and withdrawal charges apply.
  • +eToro provides a virtual portfolio feature with simulated funds, allowing users to practise trading without risking real capital.
  • +The platform is accessible via a web browser and a dedicated mobile app for iOS and Android devices.
  • +eToro supports a range of deposit methods including bank transfer, credit and debit cards, and several e-wallets, depending on the user's country of residence.
  • +Users can view the historical performance, portfolio composition, and risk score of traders they consider copying, providing transparency before committing funds.
  • +eToro holds client funds in segregated accounts in line with the requirements of its regulatory authorities.

Things to know

  • -eToro charges a fixed withdrawal fee per transaction. Users should check the current fee on the official eToro website before initiating a withdrawal.
  • -Accounts are denominated in USD. Users depositing or withdrawing in other currencies will incur a currency conversion fee.
  • -The platform applies an inactivity fee to accounts that have not logged in for a defined period. See the official eToro website for the current terms.
  • -Saudi Arabia residents are served under a specific eToro entity and regulatory framework. Users should confirm which entity covers their account during registration.
  • -Cryptocurrency trading on eToro is available as a contract for difference (CFD) product in some jurisdictions, meaning the user may not hold the underlying asset directly unless using the eToro Money crypto wallet.
  • -SAMA regulates banking and financial services in Saudi Arabia. eToro itself is not regulated by SAMA, so users should understand they are using a platform regulated by overseas authorities.
  • -Leverage limits and product availability can vary depending on the regulatory jurisdiction under which a Saudi Arabia resident's account is opened.
  • -The copy trading feature reflects past performance of copied traders, which does not guarantee future results.
  • -Customer support response times and available channels may vary. Users should review current support options on the official eToro website.

What to check when comparing eToro with other brokers

Headline figures rarely tell the full story for an expat brokerage account. Run through this checklist before opening any account:

  • -Regulator and licence. Look the broker up on the regulator's public register. The Official sources section below links the register where applicable.
  • -Eligibility for residents of Saudi Arabia. Not every broker accepts every nationality or residency status. Confirm with the broker before applying.
  • -Markets and instruments. Check the exchanges you need (US, LSE, Xetra, Tadawul, ADX, DFM) and the product types (stocks, ETFs, bonds, options) are actually supported on your account tier.
  • -Commission, spread, and FX. A low headline commission can be offset by a wide FX spread on non-base currency trades. Read the full schedule of charges.
  • -Funding options. Local bank transfer in your salary currency is usually fastest and cheapest. Card funding can be quicker but may add fees.
  • -Custody, segregation, and protection. Look at where your assets are held, whether they are segregated from the broker's own funds, and what investor-protection scheme (if any) applies.
  • -Tax treatment. Fund domicile and your tax residency affect dividend withholding and reporting. Consult a qualified tax adviser for your situation.

Opening a eToro account from Saudi Arabia

  1. Visit the eToro website and start the account-opening flow.
  2. Enter your personal details as they appear on your government-issued ID, including your address in Saudi Arabia.
  3. Upload your identity documents. Most brokers request a government-issued ID, a proof of address, and sometimes a recent bank statement. Document requirements vary by broker - follow what eToro asks for.
  4. Complete the suitability questionnaire. Regulators require brokers to gather basic information about your financial knowledge and risk tolerance.
  5. Wait for the broker's verification. Timelines vary by broker and by applicant.
  6. Fund the account using a method offered by the broker. Available payment options and currencies vary - check the broker's funding page for current details.
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Frequently asked questions

Can residents of Saudi Arabia open an eToro account?
eToro has accepted registrations from Saudi Arabia residents. However, product availability, leverage, and the specific regulatory entity covering your account will depend on eToro's current country availability. Check the official eToro website to confirm availability at the time of registration.
Is eToro regulated by SAMA?
No. eToro is not regulated by the Saudi Central Bank (SAMA). Depending on your account type and country classification, your account may fall under the supervision of CySEC, the FCA, or another regulator in eToro's group. Users should review which regulatory entity covers their specific account.
What currency is used on eToro?
eToro accounts are denominated in US dollars (USD). If you deposit or withdraw in Saudi riyals (SAR) or another currency, a conversion fee will apply. The current conversion rate and fee schedule are published on the official eToro website.
Does eToro charge a commission on stock trades?
eToro advertises commission-free trading on stocks and ETFs. However, other costs apply, including spreads on certain instruments, overnight fees for leveraged positions, a withdrawal fee, and a currency conversion charge. A full fee schedule is available on the official eToro website.
What is copy trading on eToro?
Copy trading is a feature that allows you to allocate a portion of your capital to automatically replicate the trades of another eToro user in real time, proportional to their portfolio. You can browse other traders by their historical returns, risk score, and asset allocation before choosing to copy them. Past performance of any copied trader does not guarantee future results.
Can I trade cryptocurrencies through eToro in Saudi Arabia?
eToro offers cryptocurrency trading, but the structure of that access, whether as direct ownership or as a CFD product, depends on the regulatory jurisdiction under which your account is held. Users in Saudi Arabia should review the specific terms presented during account registration or contact eToro support directly.
What deposit methods does eToro accept for Saudi Arabia residents?
eToro supports several deposit methods including bank transfer, credit and debit cards, and e-wallets. Availability of specific methods for Saudi Arabia residents may vary. Check the official eToro website or your account dashboard for the current options and any applicable minimum deposit requirements.
Is there an inactivity fee on eToro?
Yes. eToro charges an inactivity fee on accounts that have not recorded a login within a defined period. The current fee amount and inactivity threshold are detailed in eToro's fee schedule on its official website.
Does eToro offer an Islamic account?
eToro has offered swap-free account conditions for users who require them for religious reasons. Availability and eligibility criteria for this account type may vary by region. Contact eToro directly or refer to the official website to confirm whether this option is available to Saudi Arabia residents.

Official sources

Verify eToro's regulatory status on the FCA Financial Services Register.

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