eToro Australia Review

This is an independent review of eToro Australia by Crypto News Australia. Last updated on 13 September, 2021

Review sections

About eToro Australia

eToro Australia website

Established in 2007, eToro hs become one of the world's leading social trading and investment platforms. The company is registered in Israel, and Australia operations are regulated by Australian Securities and Investments Commission (ASIC). The platform has proven itself for more than a decade to be a safe and trustworthy place to invest in confidence.

Website: etoro.com

Pros of using eToro:

  • You can trade both the stock market and the crypto market.
  • They are well established worldwide with 20 million users and officially regulated in Australia.
  • You can use the CopyTrader to copy other traders at the click of a button.
  • You can learn from top traders and engage with them socially.
  • The platform has an easy to use interface for trading and portfolio management.
  • There is no commission for buying or selling, they make money off the spread fees.
  • You can use the free demo account to practice your trading before using real funds.
  • Mobile trading app is available.
  • There is 2 auth login available and you can make your account private.
  • Financial reports can be generated easily for tax reporting.
  • Registering was easy and deposit funds is easy using Polipay also easy.
  • There is an eToro Australian Dollar AUDX.
  • Crypto transfer fees are 0.5% of size capped at $50 USD.

Cons of using eToro:

  • They currently don't have ASX stocks listed (only US stocks).
  • Cryptos are currently bought and sold as CFDs.
  • There is only 30 cryptos available at the moment.
  • Account balance is displayed in USD.
  • Overnight fees and buy/sell spread fees are charged on CFDs.
  • Unable to set 2-auth by Google app (only SMS available).
  • Big spread fees on some cryptocurrencies.
  • 12 month inactivity fee of $10/month.
  • Crypto deposits are through Simplex who have a 4% fee.

eToro Australia Services


Note: Currently cryptos are traded as CFDs on eToro, they are planning to launch Real Crypto in September 2021.

Disclaimer: AFSL 491139. Capital at risk. See PDS for T&Cs. CFD and cryptocurrency trading is inherently very risky and should not be undertaken without extensive knowledge of how the markets works and a strong appetite for risk. eToro says that 67% of its retail investor accounts lose money when trading CFDs on the platform.


How-to Guides

Guides coming soon.

Latest eToro Australia News

eToro Australia company information

Company name ETORO AUSTRALIA PTY LTD
Business name(s)
Established 01/02/2018
Company ABN 46 621 283 369
Company ASIC abr.business.gov.au/abn/view?abn=46621283369
Australia locations Sydney
Worldwide locations Australia, Israel

About the author

crypto news australia author

Crypto News Australia is a publication where readers can find independent content to better understand the Cryptocurrency & Blockchain sectors. Our aim is to work with our Partners to inform and educate our readers so they have the understanding, knowledge and tools to participate in the Cryptocurrency and Blockchain space..

Disclaimer

Crypto News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. Crypto News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned on this web page.

Review Summary

Reviewer Name: Crypto News Australia

Review Date: 2021-09-13

Review Rating: 5