eToro Review for UAE Traders in 2023

Overall Score:
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In this professional review of eToro for traders in the UAE, we take a detailed look at eToro, one of the world’s top online brokers, comparing them with other trading providers in the industry. In the review, we look at specific aspects like their platform, regulations and features, and how these points reflect on traders in the UAE.
Written by:
Sam Reid
Fact checked by:
Freddie Ricks
Last updated:
Oct 2023
etoro broker ratings
etoro broker ratings
Stocks, crypto, CFDs, ETFs, Forex
Regulated in the UAE
Copy trading / social trading
24/7 customer support
Zero commission stock trading
High quality research and education


Overall, eToro is a highly reputable and safe broker, famous for its intuitive platform, commission-free stock trading and usability even for beginners.

eToro is perhaps most well known for its copy trading platform, where traders can copy the trades of other more experienced investors. These experienced traders can also receive exclusive perks for sharing their own trading strategies.

While stock and ETF trading with eToro is cheaper by industry standards, forex and CFD trading with eToro can be expensive. eToro also charges conversion (1%) and inactivity fees ($10/month).

  • Credit/debit card deposit
  • Minimum deposit
  • Time to open account
    1 day
  • Demo account

Trading Instruments (Top Stock Broker For Beginners)

eToro traders in the UAE have access to more than 5,000 financial products including:

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

eToro offers an impressive range of financial instruments to trade, including physical stocks, crypto, ETFs, CFDs and more. This allows traders in Dubai and the UAE to trade a broad range of markets and diversify their portfolio with eToro.

For those looking to enter crypto, eToro offers users the opportunity to invest in real cryptocurrencies (not just crypto CFDs). What attracts many UAE investors toward eToro is the ability to buy stocks, crypto and other assets on the same platform.

eToro Commissions, Spreads and Fees

eToro offers UAE investors zero commissions on stocks and ETF trading, 1% trading fees on cryptos, and wide spreads on forex currency pairs, ranging from 1-3 pips. Users are also charged in the form of overnight swap fees on CFD trades.
These are great conditions for stocks and ETF trading. However Forex and CFD fees are a little on the expensive side by industry standards.

There are no fees for depositing trading funds on eToro, however users will face a $5 withdrawal fee when taking out their profits. Users can also only withdraw amounts of $30 or above.

eToro Deposits & Withdrawals

The minimum deposit amount for eToro traders in the UAE is $50. When it comes to depositing , you can use a debit/credit card, Neteller, Skrill, bank transfer and several other options.

Traders have the same options when it comes to withdrawing their trading profits. Just remember that eToro will charge a $5 withdrawal fee and you’ll have a minimum withdrawal amount of $30 or above.

Withdrawal with eToro is safe and reliable. Traders just need to visit the eToro Client Portal and click on the ‘withdraw funds’ options. Withdrawal times usually take around 2 business days to process.

eToro Trading Platform

eToro offers some “best in class” trading platforms. The biggest selling point of its platforms is ease of use, simplicity and user friendly design. This makes eToro great for beginner traders.

Social trading is available on the eToro platform, allowing new traders to take investment ideas straight from the pros.

Finally, eToro offers an intuitive trading app available on iOS and Android, allowing you to take the markets with you when you’re out, and trade anytime, anywhere.

It’s important to note that eToro’s trading platform does not support technical indicators, advanced order types or Expert Advisors (automated trading).

The platform is also non-compatible with MT4, MT5 or cTrader. Again, this is something beginners shouldn't worry about, as it avoids the confusion that many trading features bring to newbie traders. However, professional traders could find this limiting compared to other platforms.

eToro Account Types

There are 4 main account types for eToro traders.

  • Demo account - A practice account that doesn't use real funds and doesn't require any account approval. This option allows traders to test the waters before investing with real money.
  • Retail account - This is the standard account type for most beginner traders. It provides access to all trading instruments and trading features, including copy trading.
  • Professional account - To get this account, traders must pass a knowledge test to acquire this account type. The minimum deposit for this account is $10,000.
  • Islamic account - This is the account for trading looking to trade in compliance with islamic teachings. This account is swap-free and does not provide traders access to non-shariah compliant stocks or cryptocurrencies.

eToro Research & Education

eToro has some great quality research and educational materials to assist new traders at the start of their trading journey. When it comes to education, eToro offers the following.

1) eToro Academy
The eToro Academy gives traders the basic educational materials to become successful in trading and investing.

2) eToro Plus
This provides traders with daily fundamental and technical analysis insights, giving you all the real-world insights to inform your trading strategy.

3) Digest & Invest
eToro’s very own podcast that allows investors to level up their financial knowledge with trading analysis, market updates and inspiration from industry professionals.

For eToro’s selection of research, the platform offers a selection of analyst recommendations and market sentiment indicators. The research quality is very high and available in 21 languages, including English and Arabic. However, eToro’s research lacks any fundamental data, and its in-depth research tools (like price targets, sentiment and analyst consensus) are only available for a few of the best known stocks.

eToro Regulation

eToro holds two major tier-1 licenses. One from the FCA (UK) and the other from CySEC (Cyprus). eToro is also licensed in the UAE by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi.

eToro Customer Support

eToro offers good customer support including live chat, email and phone support. When we tested eToro’s support service, we found the customer service to be highly responsive and available around the clock. Live chat was available in English and Arabic and the average email response time was under 24 hours.
eToro FAQs

eToro: The Bottom Line

Overall, eToro is one of the best stock and crypto trading platforms for residents of Dubai and the rest of the UAE. Offering 0% commission and copy trading, it is a smart choice for beginners.

However, we don’t recommend eToro if you’re looking to trade forex or CFD’s. The high fees and lack of advanced trading tools for these markets places other brokers like IQ option at a higher competitive advantage for this category.

In summary, it's easy to see with its growing community, why eToro is a top choice for stock and crypto investors in the UAE, and worldwide.

Risk warning: Trading involves risk. 73% of investors lose money when trading

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