Yes, you can use GCash in eToro if you are from the Philippines. This mobile wallet offers prepaid debit cards, which can be used as a payment method for funding your eToro account. These prepaid cards are available in both Visa and MasterCard formats.
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.
GCash has become a ubiquitous payment method in the Philippines, leading many Pinoys to wonder if they can use it to fund their eToro trading accounts. To provide clarity on this matter, I'll share my personal experience with using this mobile payment service in the Philippines to fund my own investment account. Do take note that this is only applicable for eToro Philippines residents.
Initially, it's important to clarify that GCash, as a direct payment method, is not supported on eToro. In my account, the available options were only the following:
Sadly, GCash is not listed on the options. This might initially seem like a setback for users of this mobile wallet. However, there's a workaround that I discovered.
I remembered that I own a GCash Visa card, which is a prepaid debit card linked to my GCash account/wallet. Out of curiosity, I decided to test this method.
Fortunately, I found that I was able to make a deposit into my eToro trading account using my GCash Visa card. This was a game-changer for me. Moreover, they also offer a prepaid MasterCard, providing another viable option.
So, while you can't directly use GCash as a payment method on the trading platform, their prepaid debit cards offer a practical solution. By linking these cards to your GCash account, you can seamlessly fund your eToro account and engage in trading activities.
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.