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Wikitoro author Doron Rozenberg Written by Doron Rozenberg
Wikitoro fact checker Mike Druttman Fact checked by Mike Druttman
Updated Feb, 2024

Diving In

This guide is born out of my direct engagement with eToro in Germany, crafted to provide potential investors with the most relevant and up-to-date information. It's not just a compilation of generic advice; it's a detailed, current guide reflecting the specific trends and regulatory aspects pertinent to German traders.

From the initial steps of getting started to the finer points of executing trades on the app or web interface, this guide is a practical and insightful resource. Whether you're a beginner or an experienced trader, it offers a level of expertise and personal insight that can only come from someone who has actively used the platform in the German market. My aim is to equip you with the knowledge to make informed decisions and fully leverage this broker's features to your advantage in Germany's unique trading environment.

Key details for Germany residents of eToro
🇩🇪 Accepts German Traders✔️
💰 Minimum Deposit $50
🛍️ Market TypesStocks, Commodities, Currencies, Indices, Crypto, ETFs
🏢 Company NameeToro Germany GmbH, eToro (Europe) Ltd
📍 AddressFriedrich-Ebert-Anlage 35-37/19 OG, 60327 Frankfurt am Main, Germany
🏛️ Regulation

For eToro Germany GmbH: Bundesamt für Finanzdienstleistungsaufsicht (BaFin), Deutsche Bundesbank

For eToro (Europe) Ltd: Cyprus Securities Exchange Commission (CySEC)

Open an account!

76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

 

 

Local License and Regulation

eToro, catering to German traders, operates under the purview of both eToro (Europe) Ltd and eToro Germany GmbH, supervised by the Bundesamt für Finanzdienstleistungsaufsicht (BaFin) and the Deutsche Bundesbank. eToro (Europe) Ltd currently operates with the Cyprus Securities and Exchange Commission (CySEC) license #109/10, enabling eToro to extend its services to Germany as well as other European countries.

From Berlin to Bavaria, from Saxony to Saarland, and whether you're in Bremen, Brandenburg, or Hamburg, if you're a German citizen of legal age, you're eligible to open an account and embark on your trading journey with this broker.

 

Office in Germany

eToro Germany GmbH maintains a physical presence with an office located in Frankfurt, Germany. However, it's worth mentioning that potential clients need not physically visit this office to commence their trading journey with this broker.

eToro Germany GmbH

Friedrich-Ebert-Anlage 35-37/19 OG

60327 Frankfurt am Main, Germany

 

Meanwhile, the administrative hub of eToro (Europe) Ltd. is strategically situated in Cyprus, with the address as follows:

eToro (Europe) Ltd.

4 Profiti Ilia Str., Kanika Business Centre

7th floor, Germasogeia, 4046

Limassol, Cyprus

 

No Germany Phone Number

One downside, although minimal, is that this broker does not offer a specialized local phone service for its German customers. Nonetheless, their support team can be accessed through various alternatives:

  • Support ticket: You can open a ticket using your registered email address after logging into your account. 
  • Live chat: This method of communication operates five days a week, round the clock, from Monday to Friday.
  • Email: Direct email communication is available without needing to fill a contact form. Simply send your query directly to support@etoro.com

The aforementioned support ticket and live chat services can be availed either by visiting the Customer Service Center page or by following this link: etoro.com/customer-service.

 

Platform in German

You can tap into the eToro platform either via a web browser or through their dedicated app, which is compatible with both Android and iOS (iPhone or iPad) devices. Whichever platform you opt for, you'll have unhindered access to all features, and can carry out all trading activities seamlessly.

One feature of eToro that I particularly appreciate, and I believe you will too, especially if German is your native language, is the ability to switch the platform's language to German. This small but significant detail enhances the overall trading experience, making it feel more personalized and comfortable.

To change the language setting, simply go to the Settings, click on the General sub-menu, and there you'll find the option to select your preferred language. Look for 'German' or 'Deutsch' in the list - it's readily available and just a few clicks away. This customization has certainly made my trading sessions more intuitive and enjoyable, and I'm confident it will do the same for you.

 

Available Deposit Options

For traders residing in Germany, eToro offers the following modes for account funding:

  • Credit/debit cards
  • Bank transfer
  • Klarna / Sofort Banking
  • PayPal

Please note that eToro carries out all transactions in USD. Consequently, if you choose to deposit in EUR, your funds will be automatically converted into USD, and a nominal conversion fee will be applicable.

 

Minimum Deposit for DE Residents

To initiate your trading activities, an initial deposit into your account is mandatory, which is currently set at $50 (approximately €46). For subsequent deposits, the minimum requirement is still the same. And for those opting for bank transfers, the minimum deposit requirement is at $500.

 

Fees for Germany Clients

The fee structure applied by eToro for German traders is in alignment with those of other nationalities. For instance, should you maintain a CFD position open over the weekend, eToro will levy an overnight fee, the rate of which is uniform for all traders, irrespective of their country of residence.

 

Applicable Withdrawal Fees

The lowest amount permissible for withdrawal from your account is $30. Each withdrawal incurs a flat fee of $5. This fee remains constant, irrespective of the amount you intend to withdraw. Thus, be it $30, $100, or $500, the transaction fee remains a fixed $5 per transaction.

 

Trading German Stocks

eToro trading presents an array of top-tier German firms from diverse sectors such as financial services, telecommunications, mining, consumer goods, and real estate. The platform hosts over 100 stocks listed on the DAX, featuring companies such as:

  • Volkswagen AH (VOW3.DE)
  • Deutsche Lufthansa Akitengesellschaft (LHA.DE)
  • Mercedez-Benz Group AG (MBG.DE)
  • Porsche Automobil Holdinh SE (PAH3.DE)
  • Siemens Akitengesellschaft (SIE.DE)
  • Rheinmetall AG (RHM.DE)
  • Aurubis AG (NDA.DE)
  • Adidas AG (ADS.GE)
  • Bayer AG (BAYN.DE)
  • SAP SE (SAP.DE)
  • RWE AG (RWE.DE)
  • Bayerische Motoren Werke Aktiengesellschaft (BMW.DE)
  • Siemens Energy AG (ENR.DE)
  • Vonovia SE (VNA.DE)
  • Allianz SE (ALV.DE)
  • BASF SE (BAS.DE)
  • Porsche AG (P911.DE)
  • Varta AG (VAR1.DE)
  • Deutsche Post AG (DHL.DE)

Kindly be aware, trading in physical stocks on eToro is only possible without leverage. Stock positions involving leverage are classified as Contract for Difference (CFD) trades.

 

DAX Index

Beyond German stocks, the eToro platform also facilitates investments in 20 other indices, inclusive of the DAX. The DAX, represented as GER40 on the platform, encompasses the 40 most prominent German blue-chip companies trading on the Frankfurt Stock Exchange.

Please be aware: This particular financial instrument is traded in the form of a Contract for Difference (CFD).

 

Registration for DE Residents

The registration procedure for German residents aligns with that for traders from other countries. Initially, you will be asked to provide a preferred username, email, and password.

It is mandatory to agree to the financial terms, disclosure statement, and services guide of eToro Europe Ltd. (CySEC Regulated) and eToro Germany Gmbh (supervised by Bundesanstalt für Finanzdienstleistungsaufsicht, Bafin). These entities are authorized to cater to traders in your region, so it's crucial to confirm that these are the operators shown when you register.

 

Additional Verification Needed

It's important to be aware that eToro users in Germany face an additional step in the verification process, especially when it comes to trading cryptocurrencies. Due to regulatory requirements set by BaFin, Germany's Federal Financial Supervisory Authority, you'll need to complete an extra verification step either through video identification or bank identification.

The reason why eToro Germany users need video or bank identification to trade crypto is to ensure that all transactions adhere to the stringent financial and organizational standards mandated by BaFin. This additional layer of verification not only enhances the security of your transactions but also serves to protect you from unreliable crypto service providers. 

 

eToro Germany Stats

As per the most up-to-date data from their Investor Update, there were approximately 2.8 million funded accounts. It's noteworthy that 71% of these accounts belonged to the UK and Europe, which includes Germany, as of the end of December 2022.

 

Closing Thoughts

To wrap up, this guide is a comprehensive collection of all the knowledge and personal experiences I've gained while using eToro in Germany. I trust that it will be an invaluable tool for you as you start or continue your trading journey with this broker. Best of luck with your trading endeavors in Germany!

 

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, 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. 76% 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. Trading history presented is less than 5 complete years and may not suffice as 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.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

Wikitoro author Doron Rozenberg About Doron Rozenberg

Doron Rozenberg is the Senior Content Editor at Wikitoro, boasting over a decade of experience in financial markets and strategic marketing. A Goethe University Frankfurt alumnus, Doron has played key roles at eToro and Binance. His expertise in online trading and investment enriches his writings at Wikitoro, where he skillfully demystifies complex financial concepts, offering readers both practical insights and real-world knowledge in the realm of online trading.

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