As an Australian investor who has navigated the complexities of various trading platforms, I've found eToro to be a standout choice for those in our region looking to delve into the world of trading and investing. This platform, renowned for its global presence in over 100 countries, offers a unique and user-friendly experience tailored to the needs of Australian traders.
In this comprehensive overview, I'll share insights and essential information about eToro, gathered from my personal experience and thorough research, to guide fellow Australians embarking on their trading journey. My aim is to provide you with a well-rounded perspective, highlighting the nuances of using eToro in Australia, so you can trade with confidence and informed understanding.
eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
| 🇦🇺 Accepts Australian Traders | ✔️ |
| 💰 Minimum Deposit | $50 |
| 🛍️ Market Types | Stocks, Commodities, Currencies, Indices, Crypto, ETFs |
| 🏢 Company Name | eToro AUS Capital Limited |
| 📍 Address | Level 3/60 Castlereagh St, Sydney NSW 2000, Australia |
| 🏛️ Regulation | Australian Securities & Investments Commission (Australian Financial Services Licence number 491139) |
Yes, eToro is a fully regulated trading platform in Australia. eToro AUS Capital Limited, the corporate arm operating in Australia, is supervised by the Australian Securities & Investments Commission (ASIC), granting it the ability to provide certain financial services.
Regardless of whether you're based in New South Wales, Victoria, Tasmania, Western Australia, South Australia, or Queensland, as long as you're an Australian citizen, of legal age and residing in Australia, you're eligible to open an account.
So where is eToro Australia located? It was interesting to know that this broker maintains a physical office in Sydney, operating under the name eToro AUS Capital Limited. This office is located in Syndey.
eToro's dedicated customer service is just a toll-free call away at 1-800-778-439 for their Australian clients. Other ways to reach them include:
These channels can be accessed via the Customer Service Center page or by visiting etoro.com/customer-service.
Australian investors have multiple options to fund their eToro account:
Bear in mind that all transactions are processed in USD. Any deposits in AUD will be automatically converted to USD, incurring a small conversion fee.
A first-time deposit of $50 (around 75 AUD) is needed to start trading. For subsequent deposits, the same minimum amount applies. However, bank transfers require a minimum of $500.
eToro's fees for Australian traders are consistent with those for other countries. For instance, there's an overnight fee for holding a position open over the weekend. Moreover, if your eToro account remains inactive for a year, a monthly charge of $10 will be levied as an inactivity fee.
When you're ready to withdraw funds from your eToro account, remember that the minimum withdrawal amount is $30. Each withdrawal transaction is subject to a fixed fee of $5, no matter how much you decide to withdraw - whether it's $30, $100, or $500. Enjoy the simplicity of a flat-rate fee per transaction.
A common query is, "what products can I trade on eToro Australia?" The platform offers access to over 5,000 financial instruments across various asset classes, including innovative features like the CopyTrader system and Smart Portfolios.
Regarding the question, "can I buy Bitcoin from eToro in Australia?" the answer to that is yes and can start buying this crypto with a just minimum investment of just $10.
eToro offers a selection of Australia's leading companies across various sectors like financial services, telecoms, mining, consumer goods and real estate. There are over 120 ASX-listed stocks and these include the following:
Please note, trading in actual stocks is only available without leverage. Leveraged stock positions are treated as contract for difference.
If you're considering joining and wondering, "how do I open an eToro Australia account?" you'll be pleased to know that the registration process is straightforward and can be completed online in just a few minutes. The initial registration requires only a few details, streamlining your entry into the world of online trading.
It's important to agree to the financial terms, disclosure statement, and services guide of eToro AUS and eToro Service (by eToro AM). This is the entity regulated by ASIC, so confirm that this is the right company.
For those concerned about security and asking, "is eToro insured in Australia?" Yes, this broker provides insurance coverage. This insurance goes up to 1 million AUD for certain positions under specific conditions, as outlined in their policy. However, this benefit is exclusive to certain Club members of eToro AUS Capital Limited.
Wondering who are the best eToro traders to copy in Australia? The Popular Investor program features numerous successful Australian traders, some of whom have been active on the platform since 2016.
Stocks via eToro Service ARSN 637 489 466 promoted by eToro AUS Capital Limited ACN 612 791 803 AFSL 491139. Investing in shares via a managed investment scheme does not result in direct ownership of the underlying assets. Capital at risk. See PDS, TMD and full disclaimer.
eToro AUS Capital Limited ACN 612 791 803 AFSL 491139. Crypto assets are unregulated and highly speculative. There is no consumer protection. You risk losing all of your capital. Refer to our Terms and Conditions. See full disclaimer
eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. See PDS, TMD.
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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
