eToro Review Australia: Features, Fees, and How It Works

If you’re building an investment portfolio you may be looking for easy, low cost methods to invest in stocks, ETFs, commodities, CFDs, crypto or other assets. With an account with eToro¹ you can access an extremely broad range of asset classes across major geographies including Australia, the US and other global markets. But is eToro good as an investment platform, and what are the costs?

This eToro review for Australia walks through the ways you can invest, the eToro fees to think about, and how the platform works. Let’s dive right in. We'll also introduce to you Wise that can help you save on international transfers with it's low, transparent fees and mid-market exchange rates.

What is eToro?

eToro is a digital investment platform accessed through an app, which lets you buy and sell a vast range of asset types across different countries. There are some eToro options which may suit beginners and some which are more aimed at very experienced investors looking for complex instruments. Some assets are established and traditional, like buying shares - while others, like crypto, are much newer and can be particularly volatile.

This article explores the top line on how eToro works, what it costs and who it might suit - plus you can learn lots more about ways to invest on the eToro website or by downloading the app.

This guide is for information only, and does not constitute advice. The value of investments can go down as well as up - get professional advice before you put your money at risk.

Is eToro safe?

eToro is an established platform which operates across many countries. In Australia, eToro operates under ASIC guidelines. eToro also uses advanced security measures and encryption to protect customers and their accounts.

As investment can be risky, it’s important to learn about the types of assets you’re investing in before you put any of your own money at risk.

eToro: Key features

eToro has a very comprehensive range of ways to invest² which span the needs of beginners right through to very experienced investors with excellent market understanding. You can get a 100,000 AUD demo account when you join eToro to help you learn more about investing without risk - but do bear in mind that some of the products available have high risk and are really only suitable for more experienced investors.

One key selling point for eToro - which can be really helpful for beginner investors - is that they offer Alpha Portfolios and CopyTrade services. These allow you to copy the investment strategies of others, or use AI tools to create your own portfolio which can be tailored to the risk level you are happy with.

Here’s a quick overview of the asset types, and portfolio options with eToro, and there’s lots more information over on their website or app.

eToro ways to invest

Here’s a look at the key investment options with eToro, split out by asset type:

eToro Alpha Portfolios and CopyTrader

eToro describes itself as a social investment platform, because you can talk to other investors and even see the way others are choosing to invest for inspiration and ideas. There are a couple of key products here which can appeal - eToro Alpha Portfolios and CopyTrader.

eToro Alpha Portfolios are modeled using data, AI and expert opinions, and can be tailored to the type of risk you’re happy to accept. There’s no additional fee on top of any standard trade fees for using the Alpha Portfolios service which can make picking stocks easier, and offer a balanced mix of human and AI input when planning your buys. Portfolios are coded according to the risk level and include specific options for people looking to minimise volatility, buy tech stocks mainly, track the performance of particular traders and more.

The eToro CopyTrader service lets you see what other investors are doing, in terms of the assets they’re buying and selling. You can see the returns the investor is making, and the number of other people who are also following their progress, to help you decide if their approach may inspire your own.

eToro: Fees

There are various fees involved with using eToro which include costs to buy and sell assets, and then eToro withdrawal fees when you decide to take your money out of the platform.

There can also be other charges like inactivity fees and currency conversion costs which you may not expect, making it important or read through the full price schedule carefully before you transact. You may find that using a service like Wise can help you manage some of the costs involved with using eToro to invest internationally, with mid-market rate currency conversion and low transparent fees.

More on that later. First, let’s look at an overview of some key fees from eToro - bear in mind that other costs can also apply depending on your transaction types.

*Details correct at time of writing - 25th November 2025

How to get started with eToro

To trade on eToro you’ll need to set up an account, fund it and then decide on the assets you want to buy. Here’s how to get started, firstly by opening a new eToro Australia account⁵:

1. Open the eToro website and tap ‘Join Now’
2. Sign up by manually entering your contact information, or using your Facebook or Google accounts
3. Check and agree to eToro’s Terms and Conditions, Privacy Policy and Cookie Policy
4. Click ‘Create Account’ and then verify your email address by opening and replying to the automatic email

Once your account is open and verified you can then add money ready to buy assets through the eToro platform. Here’s how to deposit money to your eToro accoun⁶t:

1. Open the main menu, and click ‘Deposit Funds’
2. Enter the amount and currency to deposit
3. Select the payment method from the dropdown menu

You may have the option of adding money in currencies other than AUD. For example if you intend to buy US stocks, adding money in USD instead of AUD might help you cut the costs of currency exchange. You might choose an account from a provider like Wise to convert your AUD into USD in advance using the mid-market rate and low, transparent fees, and then use this balance to fund eToro. This leaves you in charge of your currency conversion and might help you save money.

eToro review: Summary

If you’re investing to grow your wealth and protect your financial wellbeing, eToro could be a helpful platform to use. With a very broad range in terms of markets and asset types, eToro could suit anyone from a new investor to an experienced investor looking at higher value trades.

This guide gives you a few ideas to kickstart your own research - and whether you choose eToro or a different platform to manage your money, remember to take a look at Wise as a smart way to cut the costs of currency exchange when trading in foreign currencies.

Fund and manage your trading account with Wise to save on foreign currency fees

The Wise account is an easy way to save up to 5x when you send, spend, and withdraw money internationally. Hold and manage 40+ currencies, including AUD, USD, EUR, and more. All you need to do is sign up for a free account to get started, there's no monthly fees either.

You can exchange currencies at the mid-market rate on every conversion — basically the rate you see on Google. And with zero foreign transaction fees, and low, transparent pricing, Wise usually gives you the best value for your money.

You'll get 8+ local account details in AUD and a selection of other global currencies to get paid conveniently to your Wise account. And when it's time to send money abroad , enjoy fast, low-cost transfers to 140+ countries. Plus, you can get a linked Wise debit card for spending internationally at the same great mid-market rate.

When it comes to managing money globally, the Wise account is a handy tool that makes it easier and simpler.

🚀 Open your Wise account