eToroX - eToroX (2024)

FAQs

Is eToro the same as eToroX? ›

The eToro Group consists of the eToro social trading platform, a multi-asset trading and investment venue, our crypto wallet and eToroX, eToro's professional crypto exchange designed for the institutional-grade crypto trading community.

Is eToro safe? Yes. eToro is authorised and regulated by the Financial Conduct Authority (FCA) in the UK. This means it has to protect the interests of its customers in order to keep its trading licence.

The big difference is that eToro is a crypto broker where customers can invest in crypto alongside stocks, ETFs, and other assets. Coinbase is a dedicated crypto exchange with more educational information, more cryptos, and more functionality for crypto investors. eToro boasts social trading features like copy trading.

An asset can no longer be purchased or sold on an exchange after it has been delisted. A delisting is typically permanent, but a project's asset might get relisted in exceptional circ*mstances.

Limited service: EToro currently offers its crypto service in 46 U.S. states and Washington, D.C. While all U.S. residents can sign up for a free eToro account for virtual trading, eToro is currently unavailable for actual cryptocurrency trading for residents in Hawaii, Minnesota, Nevada and New York.

Webull's web-based and downloadable trading tools and features are more comprehensive than those at eToro. The updated Webull 8.0 adds greater customization and additional features to the trading experience. The platform provides templates for stock, ETF, options, and cryptocurrency trading.

Overall, eToro slightly edges out Robinhood because it offers more tools and research, and offers investors a trial run with a free Virtual Portfolio demo account.

On eToro, some positions are secured with real assets, and others use CFDs. Trading real cryptoassets means that we purchase the tokens on your behalf and register them in a segregated account under your name.

An investor's risk is represented by a number between 1 (low risk) and 10 (high risk) on their user page. This is their Risk Score. This is commonly done by measuring the standard deviation of an investment's value.

What are the withdrawal fees on eToro? ›

eToro has a $5 withdrawal fee, which is high, compared to other CFD brokers. In addition, eToro has a $30 minimum amount limit on withdrawals. Withdrawal options are the same as the funding options: you can withdraw money using bank transfer, credit/debit card or electronic wallets, similar to other CFD brokers.

Like almost all brokers, eToro doesn't charge any money for deposits: you will see the exact same amount credited on your brokerage account that you have sent, regardless of the deposit method. 1.

You don't automatically lose money as an investor, but being delisted carries a stigma and is generally a sign that a company is bankrupt, near-bankrupt, or can't meet the exchange's minimum financial requirements for other reasons.

If a company is delisted, you are still a shareholder, to the extent of a number of shares held. And yet, you cannot sell those shares on any exchange. However, you can sell it on the over-the-counter market. This means you can look for a buyer outside the stock exchange.

When an asset gets delisted from an exchange, all of its trading pairs are removed. The asset can still potentially be traded on other exchanges (such as decentralized exchanges), or through over the counter trading (OTC), but trading activity on the exchange that delisted that asset will cease.

Do you pay tax on eToro? Yes, you are required to calculate and pay any applicable taxes according to your country's crypto tax rules. If you have made any capital gains or income as a result of your crypto investment activities on eToro, you'll need to report these to your tax office and pay taxes on them.

To withdraw your funds: Click on the Withdraw Funds option in the left-hand menu. Enter the amount to be withdrawn (in USD), and click Continue. Complete any further steps that may be required.

Yoni Assia - Founder & CEO - eToro | LinkedIn.

One of the downsides of eToro is their forex and CFD trading fees, which are a bit higher than most of its competitors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider.

The eToro platform gives traders and investors access to more than 3,000 different financial assets, including stocks, cryptocurrencies, ETFs, indices, currencies and commodities which can be invested in both with and without leverage, giving almost anyone access to short-, mid- and long-term investment options.

Is Kraken better than eToro? ›

Kraken uses a maker/taker fee schedule incentivized by lower fees for higher volume trades. eToro keeps the fee structure simple for users with a standard fee of 1% for buying or selling crypto. This is not only easier for the user, but it's also a much better price than Kraken's 3.75%.

Capital.com bests eToro with its asset selection, pricing environment, and trading platforms, which support algorithmic and social trading. eToro shines with its active trading community, exceeding 25M+, ideal for social trading, its primary business.

When you buy an asset with eToro in the US, you own it. We purchase and hold the underlying assets in your name, through APEX Clearing Corporation. This applies to fractional shares, too.

The best trader on eToro to copy is Jeppe Kirk Bonde. Over 22,000 eToro accounts copy Jeppe's trades directly into their own accounts. Jeppe is also consistently at the top of eToro's best investor list and has a proven track record of profit and stability.

While the funds held in your eToro Money account are not protected by the banking depository compensation scheme (e.g. FSCS in the UK and the depository compensation scheme in Malta), your funds are protected at all times and in the unlikely event of insolvency, your losses are restricted to the cost of repatriation of ...

High fees are the main drawback at eToro. That's a problem if you plan on trading crypto frequently. It's especially expensive if you transfer coins off the platform without selling, since eToro charges an upfront fee, which you pay even if you don't end up reselling the coins on their platform.

There may be a few reasons why you can not sell your eToro stocks. If the sell option isn't available, this may be down to the volatility of the stock or the market. Unlike crypto, stocks don't trade 24/7, so the sell option may be disabled after trading hours.

Since there's a possibility for a trader to make a profit from trading on eToro then the answer to that is yes but the thing is, it's not a sure-fire way to get rich like the lottery or something. Via eToro, you can access plenty of assets or markets so there are plenty of trading opportunities.

That's a question we hear very often. Yes, it is possible to profit from copy trading in platforms such as eToro, but it is not easy, and you shouldn't expect instant riches from it. Remember, if it seems too good to be true, it probably is.

On eToro, spreads are variable. Spreads may vary per instrument according to market conditions. Instruments which are typically more volatile are more susceptible to wider spread variations than other, more stable, instruments.

Can you make a living on eToro? ›

No trader on eToro will make a profit every single week or month. So I highly recommend you take a medium/long-term approach. This requires patience and discipline, but you're more likely to see better gains over time.

As part of our policy of Negative Balance Protection, we will then absorb the loss and reset your Equity to zero. This means that you can never lose more funds than you have deposited into your eToro account.

The minimum amount you can withdraw from your account is $30. You can learn more here.

You have enough funds in your available balance

Only funds from your available balance can be withdrawn, not funds invested in open positions.

We have zero hidden fees. Note, the SEC and FINRA charge sellers regulatory fees any time a stock is sold. At eToro, we currently cover that cost on your behalf. Please keep an eye on our fees page for updates as they may change from time to time.

Yes, eToro is good for beginners. eToro has a variety of instruments, trading opportunities and unique offerings that make it ideal for beginners. Beginners can invest in more than 3,000 assets, including 0% commission stocks, ETFs, cryptocurrencies, crypto-trading pairs, indices, commodities, currencies and CFDs.

eToro offers commission-free trading meaning users do not pay any dealing charges or management fees. It is free to open an account and UK users can start with an initial deposit of $10 USD.

eToro Overnight Fees

This again really depends on what you are trading, for example, if you trade stocks and you don't leverage them then there are no overnight fees. If you do leverage, it means eToro is lending you money so they are collecting an interest rate on it.

If your crypto balance goes negative, you must pay back the amount owed.

What happens to my money if crypto goes negative? ›

Money or cryptocurrency is immediately credited to your Coinbase account for this transaction. Your bank reverses the deposit or purchase and the cash value of this transfer/purchase is returned to your bank or card issuer.

Theoretically, if all crypto owners cashed out at the same time, the cryptocurrency market would drop to a record low, or even go to zero. However, this is mathematically impossible, for as long as there is some demand for crypto, there will be someone willing to buy it, even if for a significantly reduced price.

Shareholders retain their legal rights and equity interest in a delisted stock even if they cannot sell their stake as readily as previously.

The Impact of Delisting on Investors

Once a stock is delisted, stockholders still own the stock. However, a delisted stock often experiences significant or total devaluation. Therefore, even though a stockholder may still technically own the stock, they will likely experience a significant reduction in ownership.

If you still hold shares after they are delisted, you can sell them—just not on the exchange on which they traded before. Stock exchanges are very advantageous for buying and selling shares. When they delist and trade over the counter (OTC), selling shares and getting a reasonable price for them becomes much harder.

An asset can no longer be purchased or sold on an exchange after it has been delisted. A delisting is typically permanent, but a project's asset might get relisted in exceptional circ*mstances.

How to Stay Listed. Listing requirements vary from one exchange to the next. For example, on the New York Stock Exchange (NYSE), if a security's price closed below $1.00 for 30 consecutive trading days, that exchange would initiate the delisting process.

If a stock's share price drops below $1.00 and remains below that level for 30 days, the exchange may notify the company that it is not in compliance with listing requirements and is at risk of being delisted.

eToro and eToro Money explained

eToro Money is a separate app that complements the eToro investment platform, allowing you to maximize the way you deposit, withdraw, and manage your money on eToro. When you use eToro Money, you can save yourself both time and money.

eToro was founded as RetailFX in 2007 in Tel Aviv, by brothers Yoni Assia and Ronen Assia together with David Ring.

Where is Etorox based? ›

The wallet is provided by eToro X Limited ('eToro X'), a limited liability company incorporated in Gibraltar with company number 116348 and with its registered office at 57/63 Line Wall Road, Gibraltar.

eToro only works directly with its partner, Apex Clearing Corporation for both stock and ETF investing in the main app and also options trading in the eToro Options app.