President Donald Trump earlier this month announced the launch of a U.S. strategic bitcoin reserve and previously said he wants to make the U.S. the “crypto capital of the planet.” As eToro only acts as an intermediary, your assets are held with external custodial partners. This means that if eToro went bust, you would have a claim on these assets, as they still belong to you, and creditors would be unable to access them. The image above is of the second tab, asset information where you’ll be able to see interesting data about a stock such as the EPS, Beta, Market Cap, etc. This is something we don’t like that much, there are plenty of brokers out there that don’t charge for withdrawals.

Fees such as regulatory fees, transaction fees, fund expenses, brokerage commissions and services fees may apply to your brokerage account. Social media-like feeds of user thoughts and comments are present throughout the eToro platform. These comments may be helpful in sparking trading ideas for those new to the crypto world, but their quality is not assured.

They are part of the platform’s trading structure and are clearly outlined on their website. As with any trading platform, it’s advisable to familiarise yourself with these fees to manage your trading budget effectively. You can only withdraw your crypto from the eToro platform to the eToro Money crypto wallet. To withdraw funds entirely from the eToro platform, you must first close out your cryptocurrency positions into fiat currency, and then withdraw the funds into an accepted bank account.

We found the mobile charting tools extremely limited in comparison to other platforms. Visit our sister site, TheInvestorsCentre.com, for Global investment insights and advice. That means more UK investors are turning to ETFs—but eToro doesn’t offer the best selection. I use Binance for trading because the fees are much lower, especially with BNB discounts.

• Trustpilot rates eToro at 4.2 out of 5 based on over 24,477 reviews.
• The value of your investments can fluctuate, and your capital is at risk.
• Generally, it ranges from $50 to $200 for most countries, but can be higher in certain regions.
• The minimum investment required to participate in a Smart Portfolio is $1,000, and it is commission-free.
• In March 2023, eToro teamed up with robo-advisor, Moneyfarm, to offer customers a stocks and shares ISA.

Asset View

If you click on any of your open trades it will open a second view with a little extra information, now, in order to find a way to close it you need to click on this second view in the option above “new trade”. In the screenshot below we’re using the example of placing an order with leverage by selecting the “X2” option, this means that we’re not purchasing the underlying asset but rather a CFD based on the asset itself. Whenever you click on the “trade” button on an asset, the order placement window will appear.

The image below shows you how it looks when using landscape mode. The portfolio section gives you access to see your open positions and manage them. Let’s imagine that in January you started with an equity of $2000, you lost $500 through trading, and deposited an additional $1000 and later that month you gained $1500 through trading. Our overall feeling with eToro fees is that they’re very transparent yet their spreads are higher in many cases when compared to their competition.

Advanced Security Features

Cryptocurrency is unregulated in Australia and your capital is at risk. Trading in contracts for difference (CFDs) is riskier than conventional share trading, not suitable for the majority of investors, and includes the potential for partial or total loss of capital. You should always consider whether you can afford to lose your money before deciding to trade in CFDs or cryptocurrency, and seek advice from an authorised financial advisor.

Yet it is an important practice that helps to support liquidity in financial markets. The platform allows users to buy and sell a variety of assets, including stocks, ETFs, commodities, FX trading, and cryptocurrencies. In fact, the social component of eToro is one of its main selling points. Because of the size of eToro, you can leverage the insights from a community of fellow traders, at various levels of experience, through the dedicated news feed. You’ll need to understand investment terminology to get the most out of these features. But since eToro has its own education resources, you could quickly get up to speed.

EToro is licensed with ASIC in Australia to offer certain financial products and services, and the platform uses advanced encryption to secure users’ information. While brokerage fees on stocks are low, there are currency conversion fees to be aware of. In Australia, Diamond members are exempt from FX conversion fees, whereas Platinum and Platinum+ members receive a 50% discount.

Top 10 Cryptocurrencies

All materials and information provided by 100brokers are based on our proprietary, unbiased professional methodology, designed in the best interest of our users and independent of our compensation structure. For more details, please refer to our General Terms and Conditions. It is regulated by top-tier financial authorities, including the FCA in the UK, CySEC in Cyprus, and ASIC in Australia. Additionally, client funds are held in segregated accounts to enhance security.

• To withdraw money from eToro you must select the item Withdraw Funds in the menu, enter the amount to be withdrawn in dollars and fill out an electronic withdrawal form authorizing the operation.
• There is no telephone support and the live chat reserved for members is difficult to find according to the opinion of users.
• This is a high-risk investment, and you shouldn’t expect protection if something goes wrong.
• For additional information regarding conflicts, please see Items 5, 12 and 14 of Atomic Invest’s Form ADV Part 2A.
• To withdraw funds entirely from the eToro platform, you must first close out your cryptocurrency positions into fiat currency, and then withdraw the funds into an accepted bank account.

eToro Mobile Trading Platform

These links are provided for your convenience only and we do not endorse or assume any responsibility for the content, products or services provided by these third-party websites. By accessing and using this website, you acknowledge that you have read and understand this disclaimer and agree to be bound by its terms. I tried trading CFDs on Tesla stock with a £100 investment and 5x leverage. Tesla’s price dropped 2%, but because of leverage, my loss was 10% (£10). The information provided in this article is for educational and informational purposes only and does not constitute financial or investment advice.

(While they have full access to all public profiles worldwide, U.S. clients can copy only other U.S. users). Investors need to be aware of a range of fees, including foreign conversion fees, when you transfer Australian dollars into the base currency of US dollars. These differ depending on your payment method, so do your homework first. Investing in crypto assets incurs a fixed fee of 1%, whether you’re buying or selling and there is a $5 withdrawal fee.

Alternatively, users can open a ticket in the customer service centre and receive an email within 48 business hours to the address registered on their eToro account. Members of the eToro Club can use WhatsApp to contact their account manager directly. The Chatbot function uses artificial intelligence (AI) to answer queries 24/7. There’s also a 24-hour live chat function between Monday and Friday.

EToro customers can contact customer service through email, live chat or submitting a support ticket. WhatsApp and phone support are reserved exclusively for eToro Club members with $5,000 or more equity. Some users have expressed dissatisfaction with slow response times or delays in withdrawals.

More Trading Platform Reviews

This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. EToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication. “Stock lending has traditionally been the preserve of large financial institutions and it’s been much harder for retail investors to earn passive income in this way.

The final output produces star ratings from poor (one star) to excellent etoro (five stars). Improving the exchange’s coin offerings in the U.S. could greatly increase the platform’s value. Install trusted antivirus software on your computer and mobile devices and set them to scan regularly. 2-Step Verification requires you to sign in both with your password and a security code sent to your phone (via SMS or phone call), which adds an extra layer of security to your account.

The platform also secures customers’ personal information using SSL encryption — an internet security protocol that encrypts data before it’s transmitted between computers. Anyone who tries to intercept the data will only see an illegible combination of characters. EToro users who have at least $5,000 in their trading account (including invested cash), are granted automatic membership to the eToro Club. To get the most out of these features, it could be useful to get to grips with the basics of investment terminology. EToro offers its own education resources, which could help in this regard.