eToro is one of the most recognizable online brokers in the world, founded in 2007 and headquartered in Cyprus. As of 2026, it boasts over 30 million registered users across more than 100 countries, including a significant number of traders from Ukraine. For Ukrainian traders, eToro stands out because of its easy-to-use interface, copy trading features, and the ability to trade not only forex but also stocks, crypto, commodities, and indices from a single account. This makes it particularly appealing for beginners who want to learn by copying experienced investors, or for those who prefer a social trading experience rather than traditional platforms.
eToro entered the Ukrainian market relatively early, and many local traders use it because of its low minimum deposit of $50, support for popular local payment methods like Bank Transfer, Skrill, and USDT, and its recognition as a global brand. The platform's 400:1 leverage figure is primarily for professional clients, while retail clients from Ukraine are subject to ESMA leverage limits under the CySEC entity. Despite the lack of MT4/MT5, eToro's proprietary platform offers a smooth experience, especially for a retail audience focused on copy trading and multi-asset investing.
| Detail | Information |
|---|---|
| Founded | 2007 |
| Headquarters | Cyprus |
| Regulated by | FCA,ASIC,CySEC |
| Min Deposit | $50 |
| Max Leverage | 400 |
| Platforms | — |
| Islamic Account | Available |
| Copy Trading | Available |
| Demo Account | Available |
| Instrument | Typical Spread | Commission/Lot | All-In Cost | Standard Spread |
|---|---|---|---|---|
| EUR/USD | Check broker | Varies | Varies | Check broker |
| Feature | Available |
|---|---|
| Demo Account | Yes |
| ECN/Raw Account | No |
| Islamic (Swap-free) | Yes |
| Scalping Allowed | No |
| Hedging Allowed | Yes |
| Expert Advisors (EA) | No |
| Copy Trading | Yes |
eToro offers an Islamic account for Muslim traders that is swap-free, meaning no overnight interest or rollover fees are applied to positions. This is a genuine feature for Ukrainian Muslim traders who need Sharia-compliant trading. To request an Islamic account, you need to contact eToro's customer support after opening a standard account, and you will be switched to swap-free conditions. eToro does not charge a fixed fee for the Islamic account, but instead may widen spreads slightly on some instruments to compensate for the lack of swap.
One important caveat: on eToro's Islamic accounts, positions held open for more than 30 days may be closed automatically by the broker to avoid long-term interest-free exposure. This is a significant limitation for swing traders and long-term investors. Also, you must verify that the swap-free feature applies to all instruments you intend to trade, as some CFDs or crypto positions might still incur temporary fees. For most retail Islamic traders in Ukraine, this account is acceptable, but be sure to read the terms carefully and confirm your account status before trading.
| Feature | Details |
|---|---|
| Islamic Account Available | Yes |
| Swap Fees | No swap fees |
| Hidden Admin Fees | Verify with broker before trading |
| How to Apply | Contact support after opening standard account |
| Approval Time | Usually same business day |
| Asset Class | Examples | Available | Typical Spread |
|---|---|---|---|
| Forex Major Pairs | EUR/USD, GBP/USD, USD/JPY | All available | Check broker |
| Gold (XAU/USD) | Spot Gold | Available | — |
| Silver (XAG/USD) | Spot Silver | Available | Check broker |
| Oil CFDs | WTI Crude, Brent Crude | Available | $0.03–$0.05 |
| Stock Indices | S&P500, NASDAQ, DAX, FTSE | Available | 0.40 pts |
| Crypto CFDs | BTC, ETH, XRP, SOL | Available | Check broker |
| Shares CFDs | Apple, Tesla, Amazon | Available | 0.02% |
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|---|---|---|---|---|
| eToro (current) | $50 | Check broker | Yes | No | 3.7 |
| Pepperstone | $0 | 0.09 pips | Yes | Yes | 4.9 |
| IC Markets | $200 | 0.02 pips | Yes | No | 4.8 |
| Exness | $10 | 0.10 pips | Yes | No | 4.8 |
eToro is a reputable and user-friendly broker that best suits beginner and intermediate traders in Ukraine who value social trading, copy trading, and a wide range of assets over the traditional forex platform experience. Its strong regulatory framework and the ability to deposit via Skrill and USDT make it accessible and safe for most Ukrainian users. However, the higher spread structure, lack of MT4/MT5, and limitations on leverage under EU regulations reduce its appeal for serious scalpers and high-volume traders.
If you are a retail trader looking to start with $50, learn through copying others, or diversify into stocks and crypto alongside forex, eToro is a solid recommendation. If you are an active forex trader who needs tight spreads, professional charting tools, and has extensive experience in the industry, you may want to look at dedicated forex brokers with MT4/MT5 and lower costs. Overall, eToro is a reliable choice for the majority of Ukraine traders, provided you understand and accept its fee structure and platform limitations.