eToro Review

Founded in 2007, broker eToro has more than 13 million users in 140 countries worldwide — and the Australia is now on that list. eToro is the world’s leading social trading platform, offering a wide array of tools to invest in the capital markets. The company has offices in Sydney (ETORO AUS CAPITAL PTY LTD), London, Cyprus, Tel Aviv and other cities.

2

Copy Trader

4

Safe

1

Social Trading

3

Simple

What is eToro ?

eToro provides investors, from beginners to experts, with a comprehensive crypto trading experience, on a powerful yet user-friendly platform. eToro offers a wide variety of the world’s most popular cryptocurrencies and is constantly making more coins available for trading. eToro’s vision is to open the global markets for everyone to trade and invest in a simple and transparent way.

PROS
  • - Copy Trader Feature
  • - Excellent Support
  • - Straightforward fee structure
  • - User Friendly App
  • - Demo Account
CONS
  • - Limited number of Crypto Asset
  • - Minimum deposit of $200

Account Registration and Verification Process

Account registration and verification process steps as below

Why eToro ?

Explore an ever-expanding variety of cryptocurrencies, and buy and sell the underlying asset on eToro’s Cryptocurrency Trading Platform. Build your crypto-based portfolio and enjoy benefits not offered by most exchanges, such as near-immediate execution of market orders.

Multi-Asset Platform

Stocks, ETFs, Crypto, Indices and much more.

Fees

Lower fees & more competitive spreads that can’t be beaten.

Privacy

eToro will never share your private data without your permission.

Copy Trader

On eToro, users can copy the trades of talented, experienced and professional investors using the CopyTrader function.

Location

eToro is local Exchange located in Sydney complying with Australia’s new AML/CTF laws enforced by AUSTRAC.

Security

Your funds are protected by industry-leading security protocols.

Sydney Based-

eToro Basic Details

Name:
eToro AUS Capital Limited

Product Type:
Australian Cryptocurrency Exchnage

Established:
Tel Aviv, Israel

Fiat Currencies Available:
AUD, EUR, GBP, RMB, THB, IDR, MYR, VND, PHP

Cryptocurrencies Available:
Bitcoin + 29 other Cryptocurriences

VISIT WEBSITE
SECURE EXCHANGE-

eToro History

Founded in 2006, eToro has a history stretching further back than Bitcoin and crypto. It started its life as an online foreign exchange brokerage. In 2010, it launched its famed copy-trading feature, which enables users to copy successful traders' investment strategies. ‍

It made its first move into crypto in January 2014, when it began offering Bitcoin trading to the three million users it boasted at the time. At the time, these were contracts for difference (CFD) trades, which meant that the trader didn't purchase the underlying asset (e.g., bitcoin). Instead, it constituted an agreement that he or she will either pay the difference if the asset drops in price or will receive the difference if it rises. However, eToro switched to offering direct trades in crypto in September 2018, so now you actually own and can withdraw the cryptocurrencies you buy into the eToro wallet.

Today eToro boasts over ten million users, with its growth primarily driven by the crypto boom. And for a platform of its size, its interface is streamlined and straightforward to use, while its mobile app makes managing your portfolio on the go painlessly convenient.

The Wallet

eToro is typically an easy to use cryptocurrency wallet. Perhaps that’s also one of the major advantages of the wallet; even a novice or a beginner in the cryptocurrency trading world can use the wallet. The eToro Wallet allows you to hold different cryptocurrencies in one place: it supports Bitcoin, Bitcoin Cash, Ethereum, Litecoin and many more.

Some of the eToro wallet features are

  • Investing with Experts
  • Social Trading
  • CopyTrader
  • Secure trading and transaction

eToro Features

Some of the eToro Exchange Features are

Only Available on eToro

Unique Features which is only availble on eToro

COPY TRADER

CopyTrader is eToro's most iconic feature. The driving force of social trading, CopyTrader enables you to see what real people are trading in real time, find and follow the traders you like, and, of course, copy their trading activity with just a few clicks. eToro's CopyTrader system is a game changer in the industry as it enables traders to build a real people-based portfolio.

SOCIAL TRADING

eToro is the world’s leading social trading network. Powered by millions of users from over 140 countries, eToro has been able to refine their knowledge and experience into practical trading tools.While pioneering social features and making the financial market more friendly and accessible to almost anyone around the world, eToro has also extended its reach and is maintaining active social channels.

Keeping your fund protected

eToro operates in accordance with FCA, CySEC and ASIC regulations, meaning that there are measures in place to protect investors. The crypto wallet is secured by multisignature and analytic behaviour machine learning. This is done in order to provide clients with the best security possible and for eToro to be able to identify and prevent potential threats by malicious third parties. eToro also offer an option to activate Two Factor Authentication (“2FA”) in your account which requires you to enter a verification code sent to your mobile phone via SMS in order to access your account. It is an additional layer of security which you can turn on or off in your Account Settings.

Payment Methods and Fees

When buying cryptocurrencies on eToro, you gain ownership of the assets. The only trading fees charged by eToro are spreads which are between 0.75 to 4.9 % .

The improved eToro fee model for coin transfer from the eToro investment platform to the eToro Money crypto wallet works as a dynamic mechanism. Coin transfer fees are calculated according to the size of the position.

For smaller positions, fees are likely to be lower than they would have been before. For larger positions, the fee has a maximum cap.

  • - Coin transfer fee %0.5 of the transaction size.
  • - Fee minimum $1 (in units).
  • - Fee maximum $50 (in units).

Please note that the final fee amount will be determined when your request is processed.

Here is the list of payment methods you can use to make a deposit:

  • -Visa/Mastercard
  • -PayPal
  • -Bank wire transfer
  • -Diner’s Club debit/credit card
  • -Neteller
  • -Skrill
  • -China Union Pay
  • -Webmoney
  • -Yandex

Note: Some deposit methods are limited to certain countries.

In addition eToro accept deposits in the following currencies: AUD, EUR, GBP, RMB, THB, IDR, MYR, VND, PHP.

Frequently Asked Question

Some of the FAQ regarding eToro

eToro allows users to buy and sell bitcoin and 29+ other cryptocurrencies.

Visa/Mastercard,PayPal, Bank wire transfer, Diner’s Club debit/credit card, Neteller, Skrill, China Union Pay, Webmoney, Yandex.

Yes, eToro offer 2FA. This can be enabled on settings.

Australia +140 countries around the world.

Yes, depositing money into your account is absolutely safe, private and secure. All transactions are communicated using Secure Socket Layer (SSL) technology, ensuring that your personal information is kept safe.

The eToro group offers its services through its regulated eToro companies in more than 140 countries around the world, giving services to millions of people. As a global entity, each eToro regulated company follows the local regulatory framework. Therefore, there is a difference in the services, protections and limitations offered to clients by each eToro entity.

The Terms and Conditions you agreed on upon registration stipulated which entity and regulation is applicable to you. This information also appears in your profile settings.

eToro is considered being a trustworthy broker, because it is regulated by these regulatory bodies: ASIC (Australian Securities and Investment Commission), CySEC (Cyprus Securities and Exchange Commission), FCA (Financial Conduct Authority – UK), MiFID (Markets In Financial Instruments Directive).