eToroX

We’ve added eToro to the list because it has been among those at the forefront of crypto trading for a few years now, with big names in their ads and even their own exchange, eToroX. In this review, we’re looking specifically at eToro’s crypto CFD offering.

eToroX

4/5

In a nutshell

  • Social investing and copy trading
  • Thousands of markets including crypto 
  • Regulated in Europe, Australia and the UK

Pros and Cons

THE BENEFITS

PROs

  • Crypto CopyPortfolios available (baskets)
  • You can copy profitable crypto traders
  • A lot of educational crypto content
THE DOWNSIDE

CONs

  • It can take up to a few weeks to approve KYC
  • Buy or Sell buttons are often locked during volatility 
  • There is little credibility to the opinions on crypto feeds

Getting started

Step 1

Click Sign Up to choose a username, enter your email address, and select a password

Step 2

Go to the Deposit button to fund your account; you can use the following methods

  • Debit/credit card
  • Paypal
  • Wire transfer 
  • (Skrill, UnionPay, and Neteller are unlocked after verifying your account)

Step 3

You can start trading right away. Go to the Markets tab and then Crypto to explore what’s available, or head to CopyPortfolios for managed baskets that include crypto.

Step 4

You will have a couple of weeks to complete the KYC process so it’s best to get the ball rolling early on. To do so, click on the Complete Profile button to fill in your personal details, complete the suitability questionnaire, and upload your documents.

Submit the following documents:

  • Both sides of your national ID card, driver’s license, or passport
  • A recent utility bill or bank statement showing your address

Step 5

Once your account is approved, you will see a green check on your profile picture and all deposit and withdrawal limitations are lifted.

What can I trade?

  • Cryptocurrencies (94 pairs)
  • US and European stocks
  • Currencies
  • Commodities
  • Indices
  • ETFs

Fees

  • Variable spreads on all pairs
  • Withdrawal fee of $5
  • Inactivity fee

One Response

  1. Nothing is as good as dealing with the.. right person, thanks so much Mr Edward, I will forever be
    grateful for your help. Check headline for his details.

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