eToro Reviews

To open an account with eToro, follow these steps:

1. Visit the eToro website.
2. Click on the button marked "Join Now" or "Trade Now".
3. Fill in the electronic form with all the required personal data.
4. Familiarize yourself with eToro’s Terms & Conditions and privacy policy. Indicate your agreement by checking the appropriate box.
5. Submit your information by clicking the "sign-up" button.
6. As part of the KYC process, provide a Confirmation of Residence (a valid utility bill dated to the last 3 months) and a Proof of Identity (a valid passport, or other form of officially issued photo ID).
7. Fill out a questionnaire to ascertain how eToro may custom-tailor a service package ideally suited to your individual profile. This includes queries regarding your professional status, level of knowledge of the capital markets, financial liquidity, acceptable levels of risk, investment goals, etc.

Remember, logging in via Facebook or Gmail are additional options. Once these steps are completed, you can start trading on eToro.

The minimum deposit for eToro varies depending on the user's country of residence. For many countries, the minimum first deposit is US $50. For countries like Belgium, Czech Republic, France, Germany, Italy, Luxembourg, Monaco, Poland, Romania, Slovakia, Slovenia, Spain, United Arab Emirates, United Kingdom, and United States, the minimum first deposit is US $100. For all other eligible countries, the minimum first deposit is US $200. For French Polynesia, Isle Of Man, Jersey Island, Kuwait, New Zealand, the Philippines, Reunion Island, the minimum first deposit is US $1,000. For Bulgaria, Cayman Islands, Croatia, Gibraltar, South Africa, and Vietnam, the minimum first deposit is US $2,000. For Israel, the minimum first deposit is US $10,000. After the first deposit, there is a minimum deposit amount of only US $50 (US $10 in the UK and USA). All deposits via Bank Transfer must be at least US $500. The amounts above apply to personal accounts only. eToro reserves the right to change the above deposit minimums at any time..

eToro's fee structure is transparent and applies to various actions. Opening an account and making a deposit is free, but some actions do incur fees. For instance, the withdrawal fee is $5, and the inactivity fee is $10/month if there are no logins in the previous 12 months. The account is based in USD, and a currency conversion fee is charged if you deposit or withdraw with another currency. This varies depending on the payment method you use.

For trading, the National Regulator Fee is $5.10 per $1,000,000 of principal traded (on sells only), rounded to the nearest penny. The FINRA Trading Activity Fee for options is $0.002 per contract for each sale of an option, and for equities, it's $0.000119 per share for each sale of a covered equity security, with a maximum charge of $5.95 per trade, rounded to the nearest penny. The Options Regulatory Fee (ORF Fee) is $0.02905 per contract, and the LQT Fee is $.02 per contract.

When buying cryptoassets on eToro, you gain ownership of those assets. eToro charges a single, simple and transparent fee of 1% for buying or selling crypto. The cryptoasset transfer fee is 2% when you transfer your cryptoassets to your eToro Money crypto wallet. Note that the fee has a minimum/maximum cap. Short selling and leveraged positions on crypto are executed as CFDs. Due to regulatory requirements, some non-leveraged BUY positions in crypto may be executed as CFDs. Crypto CFD positions do not entail ownership of the assets and incur overnight fees. Non-leveraged CFD crypto positions opened by German clients will not incur overnight fees. Any CFD trade will be marked ‘CFD’ in the trade execution window. Following Terra’s implementation of a 0.2% tax burn mechanism, an operational fee of 0.1% will be added to eToro’s bid and ask prices for LUNC, on top of the standard 1% fee that is calculated when buying or selling cryptoassets on eToro.

To withdraw money from eToro, follow these steps:

1. Log into the eToro account and click on the drop-down menu at the top left of the screen.
2. Click on withdraw funds and type in the amount to withdraw.
3. Select the preferred withdrawal method and click on submit.
4. Check the amount to receive and the fee, which is always five dollars.
5. Close the page and go back to the withdraw funds section to see the pending request.
6. Wait for the money to come in, which can take less than 24 hours or up to two days. Sometimes the withdrawal can be split into two parts.

Please note that the minimum withdrawal amount is $30. The time to receive funds after withdrawal request can vary based on the payment method. For example, it can take up to 10 business days for a bank transfer, and up to 2 business days for PayPal, Neteller, Skrill, Trustly, and iDEAL.

CFD trading on eToro provides access to a variety of financial markets. The term CFD stands for Contract for Difference, which is an agreement between two parties to settle the change in value of a given market or asset between the opening of a trade and its closing. When trading a CFD, no asset is actually changing hands. A trader can buy an asset’s price if they expect it to rise, or sell if they expect it to fall. The trader chooses when to close the trade and at that point, their profit or loss is crystallised according to how the price has moved in relation to their opening level.

eToro offers CFD trading with currencies, commodities, indices, stocks, and cryptoassets. The platform provides leverage, allowing traders to gain a certain level of market exposure with minimal equity. This means that the underlying asset value is larger than the deposit required for the CFD trade.

The platform also offers real-time execution with real-time price quotes, risk management tools, including take-profit and trailing stop-loss, and zero-balance protection, which guarantees that traders will never lose more funds than they have deposited. Traders can also set price alerts and execute trades quickly with one-click trading.

eToro's platform is designed to be user-friendly and includes advanced features to aid in making important trading decisions. It also offers a wide range of tradeable assets, including over 4600 stocks, 55 currencies, 532 ETFs, 21 indices, 32 commodities, and 77 cryptocurrencies.

In summary, CFD trading on eToro provides a convenient way for traders to gain exposure to various financial markets, with the added benefits of leverage, risk management tools, and a user-friendly platform.

eToro.com offers a variety of products and services. The Popular Investor Program allows users to earn additional income by becoming a copied trader. The eToro Money Cash Account and eToro Visa Debit Card provide convenient ways to manage and spend money. The eToro Money Crypto Wallet is a secure place to store cryptocurrencies. The Delta Investment App is another tool for managing investments. eToro also runs Promotions and has a network of eToro Partners. In addition to these, eToro provides a platform for trading a wide range of assets, including global indices, currencies, and ETFs. Users can create personalised portfolios or opt for pre-built 'smart portfolios'. The platform supports over 70 cryptocurrencies and offers social features, virtual trading accounts, and user-friendly mobile and web trading platforms..

The minimum deposit for eToro varies depending on the user's country of residence. For many countries, the minimum first deposit is US $50. For countries like Belgium, Czech Republic, France, Germany, Italy, Luxembourg, Monaco, Poland, Romania, Slovakia, Slovenia, Spain, United Arab Emirates, United Kingdom, and United States, the minimum first deposit is US $100. For all other eligible countries, the minimum first deposit is US $200. For French Polynesia, Isle Of Man, Jersey Island, Kuwait, New Zealand, the Philippines, Reunion Island, the minimum first deposit is US $1,000. For Bulgaria, Cayman Islands, Croatia, Gibraltar, South Africa, and Vietnam, the minimum first deposit is US $2,000. For Israel, the minimum first deposit is US $10,000. After the first deposit, there is a minimum deposit amount of only US $50 (US $10 in the UK and USA). All deposits via Bank Transfer must be at least US $500. Please note that these amounts apply to personal accounts only and eToro reserves the right to change the above deposit minimums at any time..

Yes, trading stocks on eToro is possible. eToro is a platform that allows users to invest in stocks. Stocks, or shares, are investments that represent ownership in a company. When you buy stocks, you essentially become a part-owner of said company and are entitled to a share of its profits. Stocks are traded on exchanges, such as the New York Stock Exchange (NYSE), NASDAQ, London Stock Exchange (LSE), and Australian Securities Exchange (ASX). At eToro, investing in stocks is a straightforward process. The eToro platform is easy to use and offers zero commission for stocks as well as low minimum investments. To place a trade, you need an investment account with a stock broker or investment platform. To open a trade, you select BUY to open a long position, or SELL to open a short position. Then, you enter the dollar value you wish to invest. Finally, you click on ‘Open Trade’..

eToro supports several payment methods for deposits. These include Credit/Debit Cards (Visa, MasterCard, Visa Electron, and Maestro), eToro Money, PayPal, Neteller, Skrill, Rapid Transfer, iDEAL, Klarna / Sofort Banking, Bank Transfer, Online Banking – Trustly (EU region), and Przelewy 24. The time for the deposit to reflect in your account varies based on the method used. For instance, deposits through Credit/Debit Cards, eToro Money, PayPal, Neteller, Skrill, Rapid Transfer, iDEAL, Klarna / Sofort Banking, and Online Banking – Trustly (EU region) are instant. However, Bank Transfers take 4-7 days. The maximum single deposit also varies with the method used. For example, it's $40,000 for Credit/Debit Cards, £250K / (Unlimited for Black Card holders) for eToro Money, and $10,000 for PayPal, Neteller, and Skrill. It's important to note that some of these methods require you to have an active account with funds available on the account balance or a credit/debit card linked to it. For others, you will need to have access to your online banking to complete the transaction.

eToro Money is an e-money account managed by a mobile app. It connects seamlessly with your eToro investment account, allowing for instant, fee-free deposits with no conversion fees, and instant withdrawals. It also offers a Visa debit card to Club members in certain regions. The account allows users to send and receive money easily. In addition to managing fiat currency, users can securely store, send, and receive popular cryptocurrencies within the eToro Money app. The services of eToro Money are provided by eToro Money UK Ltd and by eToro Money Malta Ltd., depending on the user's country of residence..