eToro in Jersey: Buy Stocks with 0% Commission

Trading with eToro from Jersey [Commission Free on Stocks]

CFD Trading on several Asset Classes with eToro
CFD Trading on several Asset Classes with eToro

Is eToro available in Jersey?


First things first, many locals ask about the availability of eToro, and the answer is yes, eToro is available to clients who live in the Channel Islands.



What is eToro?


eToro is an online broker that offers one of the top trading platforms worldwide. Founded in 2007, the company is headquartered in Cyprus. eToro is the most famous Social Trading platform: It allows investors to research other users' investment strategies. When saying investment strategies, we are not only referring to general parameters but practically all trader's investment history, orders, traded financial assets, and track record (Earnings or historical losses).  With all this available info, eToro then allows users to "Copy" other users' portfolios and, in turn, will enable one to be copied by other users (as long as the profile is fixed as public). That means that you may attract traders to invest in your trading strategies, which in turn generates money in the form of commissions.



Is eToro a trustworthy broker?


eToro is regulated in the UK, US, Cyprus and Australia:


  • eToro (UK) Ltd. is regulated by the Financial Conduct Authority (FCA),

  • eToro (Europe) Ltd. is regulated by the Cyprus Securities and Exchange Commission (CySEC) and retains a cross border license from the CySEC to offer its services in member states of the European Economic Area, and outside of it.

  • Member of the NFA (National Futures Association).

  • eToro USA is operated by eToro USA LLC, registered with FinCEN as a Money Services Business.

  • eToro Australia Pty Ltd is regulated by the Australian Securities & Investments Commission (ASIC).


UK's FCA is considered the strictest regulator globally, implying that eToro is a very reliable Broker, since it has to comply with robust regulation on its operation and customer care.


eToro's CopyTrader Platform


Since eToro's Social Trading platform was launched in 2010, the Broker has incorporated many improvements to its platform, including the possibility of choosing the leverage level of each trade, the opportunity that any average Joe may receive commissions when copied by other investors [By becoming a 'Popular Investor']. eToro's Trading platform also allows 'copying' thematic portfolios in the "CopyPortfolios" section. Among some of the thematic portfolios available, some invest in Cryptocurrencies, Medicinal Cannabis, Travel Industry, BioTech, Internet, Drones, among many others.


Bid and Ask order types available on eToro's Platform


When trading any financial instrument, eToro's Trading platform allows the following functionalities:


  • Take Profit: When using this functionality, you may specify a maximum value when the trade should be closed automatically. In other words, if a financial asset rises, the trader can "protect the profits" by cashing in the profits.

  • Stop Loss: Alternatively, when using the Stop Loss functionality, a minimum price should be specified at which the position traded on the financial instrument should be closed automatically. In other words, if the financial asset's price falls, the trader can minimise the losses of the trade to the specified price level.

  • Limit Order: You may use a limit to buy or sell a stock at a specific price or better. A buy limit order is executed at the limit price or lower, and a sell limit order is completed at the limit price or higher.

  • Leverage Level: eToro's platform allows Traders to choose each trade's leverage level. Depending on the instrument, the level of available leverage will vary. In particular, when you select leverage level 1 for equity markets, you are acquiring an instrument as you would obtain the actual stock.



Forex & CFD instruments offered by eToro


Forex: +47 currency pairs – Majors, minors, and exotics.

Stocks: eToro offers +1,800 CFDs on Stocks from 12 major Stock Exchanges, among which there are the New York Stock Exchange, Nasdaq, London Stock Exchange and Xetra, four of the most popular Stock Exchanges among investors.

ETFs: CFDs on 145 ETFs from iShares, Vanguard, PIMCO, Invesco, Market Vectors, Horizons, among other asset managers.

Commodities: CFDs on 13 commodities, being Gold and Oil the most popular among traders.

Indices: 13 major stock exchanges indices.

Cryptocurrencies: CFDs on 17 cryptocurrencies.

Thematic Portfolios: eToro offers CFDs on 19 Trading ideas [Portfolios] like Food And Drink, eSports, 5G among others.

Social Trading: As mentioned before, eToro offers the possibility of acquiring portfolios developed by other traders using the platform via it's 'CopyPortfolio' feature.

eToro's trading platform is simple to use and has an excellent user experience.

How can I open a trading account with eToro from Jersey?


Opening a Forex and CFD trading account with eToro from Jersey is a process that is carried out online and takes only a few minutes: requires uploading an ID and a proof of address (electricity, water bills, etc.), through the platform. The methods of depositing and withdrawing money are:


  • Credit Cards

  • International Bank Transfer

  • PayPal

  • Skrill

  • Neteller

  • WebMoney

  • UnionPay


It is important to emphasise that Opening a Demo Account is Free, that is, you can try the Demo, test the platform and then decide whether you will deposit or not.

Trade Forex, Shares, Commodities, ETFs and more with eToro
Trade Forex, Shares, Commodities, ETFs and more with eToro

El contenido de esta web y los servicios que se ofrecen no pretenden ser, no son y no pueden considerarse en ningún caso, asesoramiento en materia de inversión ni de ningún otro tipo de asesoramiento financiero, ni puede servir de base para ningún contrato, compromiso o decisión de ningún tipo. Los CFD son instrumentos complejos y están asociados a un riesgo elevado de perder dinero rápidamente debido al apalancamiento. Entre un 74 y un 89 % de los inversores minoristas pierden dinero cuando comercializan con CFD. Debe considerar si comprende el funcionamiento de los CFD y si puede permitirse asumir un riesgo elevado de perder su dinero. Los USD30 de bono de Trading de XM no están disponibles a residentes en la Unión Europea.

  

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