Connect with Broker
Get in touch with Broker and connect
!! Regulator Warning !!
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% 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.
They dont offer MetaTrader and their proprietary mobile investing app is plagues with issues. You can't delete an order after you open it, the buttons don't respond immediately you press them etc.
Best platform for crypto investment and I also like their etoro money app as it is easy to use
Excellent platform for beginner investors and CFD traders alike. Their education is good and the social trading worked well for me. However, customer support is not so great and the minimum investment for investment portfolios should be reduced.
Too much bureaucracy. To open an account took me a while because I kept having login issues and they couldn't fix it till after a some weeks. I proceeded to buy shares which didn't reflect in my account and I had to complain again before they rectified it. I thought eToro was bigger than this
eToro is an ASIC regulated forex broker with a $50 minimum deposit for Australian traders
| 👨 Broker | eToro AUS Capital LTD. |
| 👨 Trading Name | eToro |
| 📅 Year Founded | 2007, Tel-Aviv Israel |
| 👨 Accepts Australian Traders? | Yes |
| ⚖ Regulators | ASIC |
| ⚖ AFSL No. | 491139 |
| ⚖ AFCA Member | Yes |
| 📈 CFD Instruments | Forex, Stocks, Indices, Commodities, ETFs |
| 🚀Leverage | 1:30 |
| 🔎Auditors | - |
| 💻 Platforms | eToro Mobile App, eToro Copy Trader |
| 📋Account Types | Standard |
| 💰 Minimum Deposit | $50 |
| 💰 Minimum Withdrawal | $30 |
| 📞Live Support | 24/5 |
| 🏖️ Inactivity Fee | $10 |
| ✅Why is eToro good? | Range of instruments, Social trading community, Fast account opening, eToro money online wallet, Automatic recurring deposits, ASIC regulated |
| ❌Why is eToro bad? | No raw spreads, No MetaTrader, $10 Inactivity fees |
Is eToro Safe ?
Yes, eToro AUS Capital LTD is regulated by the Australian Securities & Investment Commission (ASIC) & has a local office here in Australia.
eToro Australia is also a member of the Australian Financial Complaints Authority (AFCA).
What is eToro Australia Minimum Deposit?
The eToro minimum deposit in Australia is $50.
However, for bank transfers, the minimum deposit is $500.
How Do I Deposit into My eToro Wallet?
Login to your client area on the eToro website and click on deposit.
Select your deposit currency, enter the amount & select your preferred deposit method then submit.
Does eToro Have AUD Base Currency?
No, eToro Australia does not offer AUD base currency. Only USD accounts are available. However, you can choose to view your account balance in AUD currency or any other currency you wish..
What is the Minimum Withdrawal at eToro Australia?
The minimum withdrawal at eToro Australia is $30.
Does eToro Australia Charge Withdrawal Fees?
No, eToro does not charge withdrawal fees on CFD trading accounts.
However, if you are withdrawing from an eToro Investment Account, there is a $5 fee on every $30 withdrawn.
How Long Does eToro Withdrawal Take?
Withdrawals via eToro Money are instant.
However, if you are withdrawing through other methods such as Bank Transfer, Cards, Paypal or eWallets; it might take between 2 to 10 days to reach your account.
Does eToro Australia Charge Inactivity Fees?
Yes, eToro Australia charges a $10 inactivity fee after one year of account dormancy (meaning no trades being placed).
What are eToro Fees for CFD Trading in Australia?
eToro spread starts from 1 pips and EUR/USD average spread is around 1.1 pips.
eToro account type is a spread-only account so commissions are zero when trading forex CFDs.
What is eToro Money?
eToro Money is an online wallet where your deposits can be stored for onward disbursement into your trading & investment accounts.
The eToro Money wallet can also hold cryptocurrency assets.
You can download the eToro Money app to access the online wallet & manage your funds.
Does eToro Australia Offer Crypto CFDs?
No, eToro does not offer Crypto CFDs to retail clients in the Australia.
Does eToro Have MetaTrader?
No, eToro does not offer MetaTrader platforms, instead they have developed their own eToro mobile app & web trader.
How Does eToro Copy Trading Work?
eToro Australia offers copy trading to all AU clients. To start copy trading login to your eToro client area, open the menu on the left, click on copy trading & select a strategy provider to copy.
Can I Buy & Hold Stocks at eToro Australia?
Yes, eToro Australia also offers investing so you can buy & own stocks & even fractional stocks. You also get paid dividend after corporate actions.
Buying of stocks on eToro attracts a commission between $1 and $2.
You can also buy & hold ETFs on eToro.
What is eToro Earnings Calendar?
The earnings calendar shows you upcoming dates when publicly listed companies will be publishing their financial statements & earnings reports.
When this kind of important financial report is released to the public, it can affect the prices of the stock so this is why earnings calendars are important.
What is eToro Academy?
eToro Academy is a free learning resource that teaches you investing & CFD trading using video tutorials.
How To Open An Account with eToro Australia
Step 1: Register & Open Account
Visit the eToro website and click on signup. Click on ''Gmail'' to register with your Gmail credentials as this is the fastest method.
After this registration step you can make your first deposit, but you wont be able to trade until you complete step 2.
Step 2: Verify Your Credentials
Click on ''complete Verification'' to commence the process of verifying your phone and government issued ID.
Enter your mobile number & an eToro verification code will be sent to you which you should input.
The next step is to snap & upload your Australian government issued ID.
After your ID has been verified as genuine, a notification will be sent to you informing you that your account has been verified and you can make a deposit (if you haven't done so already) and start trading.
What To Do if You Don't Get The eToro Verification Code
The reason you may not receive the eToro verification code during phone number verification, could be that you entered the wrong phone number.
To change your eToro phone number and enter the correct one, go to your account settings, click on credentials & add a new phone number. An eToro verification code will be sent to the new phone number you just added.