eToro is an online broker offering one of the top trading platforms available in Germany. The company was founded in 2007.
eToro is the most prominent Social Trading platform, allowing investors to research and invest in 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 set up as public). This means that you may attract traders to invest in your trading strategies, which in turn generates money in the form of commissions.
eToro lowered the minimum deposit amount to USD 50 (Or the equivalent in Euros) in July 2021 to grow their German trader base.
German Financial Assets offered by eToro
eToro offers commission-free trading on Finnish shares listed at the Frankfurt Exchange like Bayer, BASF, BMW, and Allianz to name 4 of the most traded ones.
International 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.
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.
Is eToro a trustworthy broker?
eToro is regulated in the UK, US, Cyprus and Australia:
eToro (Europe) Ltd: 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 LLC: registered with FinCEN as a Money Services Business.
eToro (UK) Ltd: regulated by the Financial Conduct Authority (FCA),
eToro Australia Pty Ltd: regulated by the Australian Securities & Investments Commission (ASIC).
The 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 of its operation and customer care. Being a citizen of the EU, your account would fall under the Cypriot eToro.
eToro's CopyTrader Platform
eToro's Social Trading platform was launched in 2010, it has incorporated many improvements to it, including the possibility of choosing the leverage level, and the opportunity that any Durchschnittstyp 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 a financial instrument as you would obtain the actual stock.
eToro's Partnership with Bundesliga Teams
In 2020, eToro announced new partnerships in the German Bundesliga with FC Augsburg, 1. FC Cologne, Hamburger SV (Bundesliga 2), Union Berlin and Vfl Wolfsburg. eToro will also extend its partnership with Eintracht Frankfurt. Dylan Holman, Global Sponsorship, Senior Manager at eToro commented:
"As a leading investment platform with over fourteen million users, we believe sponsorships are a powerful tool that help build and reinforce eToro as a world-class brand. We will be working with clubs to make the financial markets more accessible than ever, using our partnerships to help bring fans closer to the action and educating them on investing."
eToro's trading platform is simple to use and has an excellent user experience.
Opening a Trading Account with eToro from Germany
Opening a Forex and CFD trading account with eToro from Germany is a process that takes only a few minutes and requires a valid ID and a proof of address (electricity, water bills, etc.), which are scanned through the platform. Should everything be approved by eToro, the account would be operational in less than a day. You may deposit and withdraw money through:
International Bank Transfer
eWallets like PayPal, Skrill, Neteller, WebMoney, UnionPay
Opening a Demo Account is free, so you may try the Demo, test it, and then decide whether you will deposit funds or not.
eToro's Minimum Deposit in Germany
We have saved some good news for the last paragraph: Opening an account with Real funds requires USD200 (or the equivalent in €) only. In January 2021 eToro has seen an unprecedented demand for its services from new users. To manage demand and ensure the existing community of 17M registered users can continue to access eToro’s services uninterrupted, the minimum deposit for new users was temporarily increased to USD 1000. However, it was changed to USD 50 in July, 2021.
Good luck, and we hope you make money with this popular Trading Platform.
Disclaimer: 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. 68% 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 is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
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
Trading with eToro from Germany [Commission Free on Stocks]
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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.