How To Contact Etoro Customer Service – Online FAQ

eToro is a well-known Israeli fintech company and a social trading broker, developed in 2007. How To Contact Etoro Customer Service

eToro serves UK clients through an unit controlled by the Financial Conduct Authority (FCA) and Australians through an Australian Securities and Investment Commission (ASIC)- controlled entity. All other customers are served by a Cypriot system that is regulated by the Cyprus Securities and Exchange Commission (CySEC).

is not listed on any stock exchange, does not divulge its annual report on its website and does not have a bank parent.

Being controlled by the top-tier FCA and ASIC is a great sign for s security.

Disclaimer: CFDs are complex instruments and include a high threat of losing money rapidly due to leverage. 68% of retail financier accounts lose cash when trading CFDs with this supplier. You must consider whether you comprehend how CFDs work and whether you can afford to take the high threat of losing your cash.

 

eToro is a Jack of all Trades in the online financial investment area, with the broker providing a full variety of possession types that can be bought at the click of a button. On top of conventional stocks, ETFs, and countless CFD (Contract For Distinctions) items (CFDs are not readily available in the United States though)– also enables you to buy and sell cryptocurrencies like Bitcoin.

, if you are thinking about utilizing I welcome you to read my in-depth review.. I cover the ins and outs of what you require to understand prior to opening an account– including metrics surrounding regulation, costs, commissions, payment techniques, and naturally– security.

 

eToro pros and cons

deals commission-free stock trading, and the account opening procedure is quick and seamless. It has ingenious functions like social trading, which lets you copy the methods of other traders.

On the negative side,’s non-trading costs are high as there are charges for withdrawal and inactivity. Withdrawals can be slow and USD is the only currency you can hold your money in. Finally, it’s difficult to contact customer assistance.

 

How we ranked charges

We ranked cost levels as low, high or typical based on how they compare to those of all reviewed brokers.

First, let’s discuss some fundamental terms related to broker costs What you require to keep an eye on are trading costs and non-trading fees.

Trading costs happen when you trade. These can be commissions, spreads, funding rates and conversion costs.
Non-trading charges include charges not straight related to trading, like withdrawal fees or inactivity costs.

In the sections below, you will find the most relevant charges of o for each property class. In the case of forex and stock index trading the most essential charges are spreads, commissions and financing rates.

We likewise compared s fees with those of 2 comparable brokers we picked, XTB and Trading 212. This selection is based upon unbiased aspects such as items provided, customer profile, charge structure, etc. See a more in-depth rundown of alternatives.

To have a clear introduction of o, let’s start with its trading fees.

 

Launched in 2006, is an online broker and trading platform. As a member of the site, you will have access to a complete series of property classes. In terms of traditional ownership– you can offer and purchase over 800 stocks from a variety of worldwide markets, as can you do with ETFs. is likewise home to thousands of CFD items — consisting of but not restricted to difficult metals, energies, indices, interest rates, and currencies.

This is since you can invest in digital currencies and retain complete ownership of the possession, or additionally, trade via CFDs. Instead, you will need to keep your coins on the platform, making it a much better choice for those who desire to benefit from trading rather than hold crypto assets for the long term.

 

The online broker is likewise known for its headline commission-free trade offering. This is available on etfs, stocks, and cryptocurrencies– as long as you do not short-sell the asset. You will, naturally, require to watch on the spread, which can be rather high at eToro.

eToro trading costs. How To Contact Etoro Customer Service

Is eToro worth it? eToro trading costs are low.

We know it’s tough to compare trading charges for CFD brokers. How did we approach the problem of making their charges comparable and clear? We compare brokers by computing all the costs of a typical trade for chosen products.

We picked popular instruments within each asset class:

Stock index CFDs: SPX and EUSTX50
Stock CFDs: Apple and Vodafone
Forex: EURUSD, GBPUSD, AUDUSD, EURCHF and EURGBP

A common trade implies purchasing a leveraged position, holding it for one week and after that selling. For the volume, we chose a $2,000 position for the stock index and stock CFDs and $20,000 for the forex deals. The utilize we used was:

20:1 for stock index CFDs
5:1 for stock CFDs
30:1 for forex

These catch-all benfees.

Stock and ETF costs

deals zero-commission genuine stock trading. Given that May 2020, this is valid for all countries, but for clients from Australia commission-free trading only applies to US stocks. Keep in mind that with the complimentary feature, you’re purchasing the real stock, not a CFD product, and you can not use take advantage of.

utilized to be mostly a CFD broker that let you trade stocks and ETFs likewise in the form of CFDs, if you set the utilize to greater than one. How To Contact Etoro Customer Service

Trades that include stocks not sold USD (like UK or European stocks) will be transformed to USD at the actual market prices by without taking any commission or markup. What’s more will likewise absorb any tax duty that might be due if you trade on the UK market.