Product Overview
Broker Account – eToro
€0,00
eToro is an online social trading platform that offers consumers tools to invest or trade in a variety of financial assets. eToro can be used by almost anyone in Germany to trade or invest cryptocurrencies, stocks, commodities, ETFs and other commodities, using a desktop computer or the eToro mobile app. It is a very good alternative to other broker accounts by standard German banks.
- Trade cryptocurrencies, stocks, commodities, ETFs, and more
- Withdrawals and deposits can be made using a variety of payment methods including wire transfers, credit cards and more
- New traders can copy other more seasoned investors’ trades in real-time with CopyTrade
- Transparent fee structure: No commissions, no markups, no management fees on a large variety of stocks
Go to eToro
| Disclaimer: | 77% of private investor (CFD) accounts lose money. |
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How to Sign Up
- Click the SIGN UP button on the eToro website
- Complete the simple registration form and submit information, Alternatively, you can sign up using your Facebook or Gmail credentials
Pricing and Fees
eToro charges no fees for opening an account no management fees. The company also does not charge any commission on stocks, including no markup, ticketing fees or stamp duty.
Fees
- Withdrawal fee: Flat rate of USD 5.00 for each withdrawal
- Currency conversion fee: Starts at 50 pips
Withdrawals and deposits are conducted in USD. Trades in any other currency incur a conversion fee. - Cryptocurrency Transfer Fees: From 0.005 units
- Inactivity fee: USD 10.00/ month
eToro users must log in at least once every 12 months to avoid a monthly inactivity fee. eToro accounts are charged at USD 10.00 inactivity fee on any remaining balance on the account. Open positions are NOT closed to cover these expenses.
- Spreads: Spreads are variable and fluctuate
- Currency: From 1 pip
- Commodities: From 2 pips
- Indices: From 100 pips
- Stocks and ETFs: From 0.09%
- Cryptocurrencies: From 0.75%
- Overnight (rollover) fees: varies
- Weekend fees: varies
eToro uses the 1-month USD LIBOR rate for calculating overnight fees for stocks.
How fees are calculated
Spread: Spread * Price in USD * Number of units
Overnight fees (per night): Fee * amount of units
Benefits of using eToro:
- Over 2000 assets can be traded on the platform, including cryptocurrencies, stocks, commodities and ETFs
- Withdrawals and deposits can be made using a variety of payment methods including wire transfers, credit cards and more
- Can be used by new traders and investors as well as seasoned investors and traders
- Easily follow other users’ trades via social trading
- New traders can copy other more seasoned investors’ trades in real-time with CopyTrade
- Access to readymade investment strategies and portfolios with CopyPortfolio
- The platform is designed to be intuitive and easy to use
- Transparent fee structure
Mobile App
eToro offers a free mobile app in the App Store and the Play Store.
Documentation Needed
To begin trading or investing on eToro you have to verify your account. The following documentation is required to verify your account and begin trading:
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Proof of Identity
Your proof of identity should show your name, clear headshot, date of birth, issue date and expiration date (if possible)
Documents accepted as Proof of Identity are:
- Passport (preferred)
- Driver’s licence
- Government-issued Identification Card
Note: If there is information included on both sides of your identification document, you need to submit both sides.
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Proof of Address
Your proof of address should show your name, address, issue date, as well as the name and logo of the company that issued the document. The date of issue should be no older than 6 months.
Documents accepted as proof of address are:
- Bank statement
- Credit card statement
- Electricity, water or gas bill
- Council Tax Bill
- Tax letter or Bill
- House Rental Official Agreement – Issued from a Rental Agent
Disclaimer:
eToro is a multi-asset platform which offers both investing in stocks and crypto assets, 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. 77% 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. The trading history presented is less than 5 complete years and may not suffice as a basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Crypto assets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk. Past performance is not an indication of future results.