User-Friendly Platform Educational Resources Social Trading Features
Wikitoro author Wikitoro Team Written by Wikitoro Team
Wikitoro fact checker Mike Druttman Fact checked by Mike Druttman
Updated Feb, 2024

Introduction

Drawing from my personal journey with eToro, I've crafted this concise guide for Italian residents venturing into the world of online trading. My experience with this broker, as an active user in Italy, has equipped me with valuable insights, which I'm eager to share.

This guide distills the essentials of starting and maximizing its features, tailored specifically for the Italian market. It's a blend of firsthand experience and thorough research, designed to offer clarity, reliability, and a deep understanding of trading on this platform.

Key details for Italy residents of eToro
🇮🇹 Accepts Italian Traders✔️
💰 Minimum Deposit $50
🛍️ Market TypesStocks, Commodities, Currencies, Indices, Crypto, ETFs
🏛️ RegulationCyprus 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.

 

 

Regulation in Europe

Operating under eToro (Europe) Ltd., eToro welcomes Italian traders, with regulation from the Cyprus Securities Exchange Commission (CySEC) under license #109/10. This authorization facilitates eToro's operational extension to Italy, among other European nations.

No matter your residence - be it Lombardy, Lazio, Campania, Veneto, Emilia-Romagna, Piedmont, Apulia, Tuscany, Calabria, Liguria or elsewhere in Italy - eToro is accessible to all Italian citizens who have reached the legal age. Register an account with this broker today to embark on your trading journey.

 

No Local Office in Italy

While eToro doesn't possess a brick-and-mortar branch in Italy, it doesn't hinder its capacity to offer services to Italian residents. The functional head office of eToro (Europe) Ltd. is situated in Cyprus at the subsequent address:

eToro (Europe) Ltd.

4 Profiti Ilia Str., Kanika Business Centre

7th floor, Germasogeia, 4046

Limassol, Cyprus

 

IT Phone Number

At present, eToro does not offer a specific local telephone line for its clients in Italy. Nevertheless, customers can get in touch with their customer support team through the following methods:

  • Support ticket: You can start a support ticket from within your account, using your registered email address. 
  • Live chat: Available exclusively on weekdays, this service is operational 24/5. 
  • Email: You can directly send your query to support@etoro.com without needing to access a contact form.

The first two communication options can be reached either via the Customer Service Center page or through this link: etoro.com/customer-service.

 

Platform

eToro's platform offers a versatile trading experience. Users can access it either through a web browser or by installing the app on Android or iOS devices, including iPhone or iPad. The platform remains consistent across all devices, allowing users to access all features and conduct their trading activities seamlessly.

One notable feature for Italian users is the ability to select Italian as the platform's language. To make this change, navigate to the 'Settings' section and click on the 'General' sub-menu. Here, you'll find an option to select your preferred language, where 'Italian' or 'Italiano' is readily available.

 

Deposit Options for Italians

Italian traders have the convenience of adding funds to their eToro account through these available deposit options:

  • Credit/debit cards
  • Regular bank transfer
  • PayPal

eToro operates all transactions in USD. As a result, if your deposits are in EUR, an automatic conversion to USD will take place, attracting a nominal currency conversion charge.

 

Minimum Deposit for IT Residents

To kick off your trading journey with eToro, an initial deposit is necessary, set at $50 (approximately €46). This $50 minimum threshold remains constant for future deposits as well. But, for those opting for bank transfers, the minimum deposit escalates to $500.

 

Fees for Italy Clients

eToro charges identical fees to Italian traders as it does to traders from other nationalities. For instance, should you hold a CFD position over the weekend, you will be subject to an overnight fee, the rate of which is universally applied irrespective of the trader's country of residence.

 

Withdrawal Fees for Italy Traders

The smallest withdrawal amount from your account stands at $30. Each withdrawal incurs a fixed fee of $5. This remains constant regardless of the withdrawal amount, be it $30, $100, or $500; the transaction fee is always a flat $5.

 

Trading Borsa Italiana Stocks on eToro

eToro presents a diverse assortment of Italy's top-performing companies from sectors such as financial services, telecommunications, mining, consumer goods, and real estate. The platform hosts around 50 stocks listed on the Milan exchange, which include the following:

  • Eni Energy Company (ENI.MI)
  • Prysmian Group (PRY.MI)
  • Stellantis NV (STLAM.MI)
  • Enel Power Company (ENEL.MI)
  • Intesa Sanpaolo Group (ISP.MI)
  • Leonardo Finmeccanica (LDO.MI)
  • Juventus Football Club (JUVE.MI)
  • UniCredit Commercial Bank (UCG.MI)
  • CNH Industrial Group (CNHI.MI)
  • FinecoBank (FBK.MI)
  • Poste Italiane (PST.MI)
  • Iren (IRE.MI)
  • Telecom Italia SpA (TIT.MI)
  • A2A Group (A2A.MI)
  • Assicurazioni Generali SpA (G.MI)
  • Tenaris Group (TEN.MI)
  • STMicroelectronics Company (STMMI.MI)
  • Pirelli & C (PIRC.MI)
  • MFE - MediaForEurope NV (MFEB.MI)
  • Moncher (MONC.MI)

Be aware, trading of real stocks is solely accessible without the use of leverage. Any leveraged stock positions are processed as CFDs, or contracts for difference.

 

Registration for IT Residents

The registration procedure for Italian residents aligns with that of traders from other countries. Initially, you'll need to select a unique username, provide your email address, and set a password.

As part of the registration, you'll be asked to agree to the financial terms, disclosure statement, and service guide of eToro Europe Ltd. As this is the entity regulated by CySEC and authorized to serve traders in your region, it's crucial to verify that it is indeed the correct institution.

 

Top eToro Italian Traders

Currently, some of the leading Italian traders engaged in the eToro Popular Investor program include the following. These traders manage a risk score between 4-5, with the most experienced trader active since 2017:

Top Italian Traders on eToro
TraderUsernamePopular Investor Level
Andrea Aceto@acetoandreaElite
Alberto Poli@pino428Elite
Roberto Anzellotti@ilmatematicoChampion
Mattia Buongiorno@bellkeeperChampion

 

eToro Italy Stats

Based on the latest data from eToro's Q4 2022 Investor Update (March 2023), the platform boasted 2.8 million funded accounts. It's worth highlighting that 71% of these accounts were from the UK and Europe, a region that incorporates Italy, as of the end of December 2022.

 

Frequently Asked Questions (FAQ)

Can Italians trade on eToro?

Yes, Italian citizens and residents are eligible to use eToro for their trading activities. eToro is an international online trading platform with a presence in numerous countries, including Italy. Italian traders can register for an eToro account, add funds, and commence trading a wide array of assets.

What are the fees on eToro for Italians?

Similar to other nations, eToro employs a consistent fee structure for its services across the board, encompassing trading fees, withdrawal fees, conversion fees, and inactivity fees. For instance, eToro levies a flat $5 fee for every withdrawal, irrespective of the trader's country of residence.

How do I open an eToro account in Italy?

In order to register, please follow the step-by-step guide below:

Navigate to the eToro website at www.etoro.com and select the "Join Now" option.

Set up a unique username and password for your eToro account and provide your email address.

Authenticate your email address by clicking on the verification link that eToro dispatches to your email.

Fill in the eToro application form by supplying additional details, like your residential address and date of birth.

Upload a scanned copy of your government-issued identification to validate your account.

Bear in mind, eToro might necessitate further documents or details to confirm your identity or meet regulatory obligations. Moreover, ensure to thoroughly peruse and comprehend eToro's terms and conditions before initiating an account.

What documents do I need to verify my eToro account in Italy?

For account verification on eToro as an Italian resident, certain documents are required:

A valid government-issued ID: This could be your driver's license, national ID, or passport.

Proof of address: A document, such as a utility bill, bank statement, or tax document, showing your name and address.

Payment method: In case of credit/debit card or e-wallet deposits, a copy of the card or a screenshot of the e-wallet may be needed.

Selfie: eToro might request a selfie with your ID or a paper bearing a specific code or message.

The process may take a few days. eToro may ask for additional documents, and it's essential to ensure that submitted documents are clear and align with your eToro account details.

What can I trade on eToro if I am from Italy?

As an Italian eToro user, you're granted access to a wide array of trading assets. This selection encompasses forex, commodities, stocks, market indices, cryptocurrencies, and exchange-traded funds (ETFs). The platform presents an impressive portfolio of over 3000 distinct assets, offering a multitude of investing and trading opportunities.

Does eToro offer demo accounts in Italy?

Yes, Italian traders can access a complimentary demo account following the successful creation of a live account.

How can I find successful Italian traders to copy on eToro?

For those keen to replicate the strategies of successful Italian eToro traders, utilize the CopyTrader functionality on the platform. Adjust the search filter to showcase only individuals from Italy. It's also advisable to tweak settings such as trading style, performance, risk score, and other parameters to discover traders that align with your trading objectives.

What trading platforms does eToro offer in Italy?

Every eToro platform is open for use by Italian traders. This includes the web-based platform, accessible via various web browsers, along with the mobile application, compatible with Android or iOS-powered mobile devices.

 

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 Wikitoro Team About Wikitoro Team

The Wikitoro Team is a dynamic group of five seasoned eToro traders who have been actively using the platform since 2018. As pioneers in establishing the Wikitoro wiki site, we are dedicated to ensuring the accuracy and reliability of the information we provide. Our team regularly verifies data and content from our authors and contributors, taking turns to meticulously review each piece. Our commitment is to offer our readers factual and precise information, reflecting our extensive experience and deep understanding of the eToro platform.

Read More
wikitoro author strip image

vectorRelated Articles

We've compiled a list of related articles

Get insights on the eToro Tax Report for Italian traders: a vital resource for accurate tax filing on eToro.

Ready to trade with eToro in Italy? Follow our easy guide to set up your account today.

76% of retail investor accounts lose money