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

eToro serves as an investment account and trading platform, offering access to over 3,000 financial assets such as stocks, cryptocurrencies, commodities, indices, ETFs, and more, enabling investment opportunities. In contrast, eToro Money is an e-money account designed to integrate smoothly with your eToro investment account, essentially positioning eToro as a trading platform and eToro Money as an electronic money wallet.

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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.

 

Navigating the world of online trading and finance can be complex, especially when platforms offer multiple services. eToro and eToro Money, while interconnected, serve distinct purposes. As someone who has tested both, I aim to clarify their differences and share insights from my experience.

 

eToro: The Investment and Trading Platform

eToro primarily functions as an investment account and trading platform. It's a hub for accessing a diverse range of over 3,000 financial assets, including stocks, cryptocurrencies, commodities, indices, and ETFs. My experience with eToro has been centered around exploring these investment opportunities. The platform's user-friendly interface and comprehensive tools have made it easier for me to trade and invest in various assets. Whether I was dabbling in cryptocurrency or exploring stock options, eToro provided a robust and intuitive environment for my trading activities.

 

eToro Money: The e-Money Account

On the other side of the coin is eToro Money. This service acts as an e-money account, designed to work in tandem with your eToro investment account. My exploration of eToro Money revealed its role as a financial management tool, distinct from the trading focus of eToro. It's essentially an electronic wallet, facilitating seamless transactions related to my trading activities on eToro. From instant deposits into my trading account to swift withdrawals and easy fund transfers, eToro Money has been instrumental in managing the financial aspects of my trading journey.

 

The Symbiotic Relationship

While eToro and eToro Money are separate entities, their symbiotic relationship enhances the overall trading experience. eToro Money acts as a financial backbone to the eToro trading platform, offering a streamlined process for managing funds. This integration became apparent to me when I used eToro Money for instant deposits into my eToro account, enabling quicker trading actions.

 

My Key Takeaways

  • eToro is ideal for trading and investing in a wide range of financial assets.
  • eToro Money serves as an electronic wallet, streamlining financial transactions related to your eToro account.
  • The integration of eToro and eToro Money offers a comprehensive and efficient trading experience.

 

Personal Experience and Conclusion

Testing both platforms allowed me to understand their distinct roles. eToro is where I engage with the market, make trades, and invest, while eToro Money is where I manage the financial aspects of these activities. This clear separation of roles has simplified my trading process, making it more efficient and less time-consuming.

 

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 Mike Druttman About Mike Druttman

Mike Druttman, Head of Content at Wikitoro.org, has decades of expertise in marketing communications and business matching. Educated at the CAM Foundation and the Chartered Institute of Marketing, Mike has collaborated with businesses from the UK to Japan. He founded KEYZUNA, bridging Japanese businesses with global innovations. With a diverse background spanning high-tech to hospitality, Mike's articles at Wikitoro reflect his vast knowledge and unique perspective.

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76% of retail investor accounts lose money