Check out our full list of pros and cons or read on.
Important: This broker offers CFDs which are a leveraged product and can result in the loss of your entire capital. Most retail client accounts lose money trading CFDs. Please ensure you fully understand the risks involved.
19
Fiat currencies
16
Cryptocurrencies
| Product Name | eToro Cryptocurrency Trading & CFDs |
|---|---|
| Fiat Currencies | EUR, GBP, NZD, USD, AUD, CAD, HKD, SGD, CHF, NOK & 5+ more |
| Cryptocurrencies | BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM & 5+ more |
| Deposit Methods |
Bank transfer Credit card Debit card Neteller PayPal Online banking Skrill |
| Trading Fee | Fees vary. Overnight and weekend fees apply |
| Deposit Fees |
Fees vary (conversion fees for non-USD deposits)
(US$200 minimum deposit) |
| Withdrawal Fees | US$5 (minimum withdrawal of US$50) |
Launched in 2007, eToro is best known as a social trading platform that caters to traders of all experience levels. It encourages users to seek advice from each other and offers the CopyTrader service, which lets users copy the trades of leading investors.
Beyond cryptocurrency, eToro provides access to other markets including stocks, commodities and foreign currency.
eToro lets you buy cryptocurrencies or trade contracts for difference (CFDs) – the two are very different.
We have more than 10 million users, so each and every coin that we introduce to the platform has very high demand – Guy Hirsch, eToro US managing director
eToro is available in many countries around the world, including New Zealand. However, it is not available to residents in certain regions.
| Deposit method | How long it takes | Limit per transaction |
|---|---|---|
| Credit/debit card (Visa, Mastercard, Diner’s Club) | Instant | US$40,000 |
| PayPal | Instant | US$20,000 |
| Wire Transfer | 3-5 business days | Unlimited |
| Local online banking | Instant | US$10,000 |
| China Union Pay | Instant | US$20,000 |
| Skrill | Instant | US$10,000 |
| NETELLER | Instant | US$10,000 |
| WebMoney | Instant | US$50,000 |
| Yandex | Up to 5 business days | RUB5,000 |
| Giropay | Up to 1 business day | US$40,000 |
There are no trading fees except for the spreads. Fees do not apply to non-leveraged buy positions on individual cryptocurrencies, but they do apply to leveraged buy positions, sell positions and all crypto pair positions.
All fees are current at the time of writing (February 2019), but are subject to change at any time.
eToro minimum first-time deposits range from $200 to $10,000 depending on your country and its regulations. Your minimum deposit will be visible when you create an account.
The conversion fees incurred will depend on the transfer method and the currency.
For a full breakdown of fees, please see eToro’s website.
A pip is a forex term that refers to the smallest measurable price change of a foreign currency trade.
The actual value of a pip, in dollar terms, will vary depending on the currencies involved, how prices change and the size of the “lot” – in this case how much you’re depositing or withdrawing.
For example, the US$1,000 pip value on eToro is 10 cents at the time of writing (February 2019).
So, a US$1,000 withdrawal would incur a conversion fee of US$10 (100 pips).
Wire deposits will take up to five business days, but many other deposit options can instantly put money in your account.
The time taken to transfer cryptocurrency in and out of eToro will vary depending on network activity, the cryptocurrency and other factors. Generally it should be no more than a few minutes though.
Withdrawal times depend on the method used and will be one to two days at the quickest or up to eight days for wire transfers at the upper end.
Sign up to get started or explore the site to copy other traders, look for tips from users and more.
Browse the marketplace to find current trading info, filter the findings to get what you're looking for and set up alerts, news feeds and more through your account.
Search for other people trading cryptocurrency, see how and what they're doing, filter the results and join the community.
See what the most (or least) successful traders are doing with their portfolios on eToro.
eToro is a major player in the cryptocurrency ecosystem through charitable efforts such as the GoodDollar universal basic income project, which leverages cryptocurrency technology with the goal of helping ease global wealth inequality.
It also offers a range of features that go beyond the norm and brings its experience in more traditional markets to the world of cryptocurrency.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
