How does eToro work?

To use eToro you will need an internet connection and a browser (e.g. Chrome, Safari or Edge) to access the platform and invest. It is also possible to use eToro from the Android and iOS (iPhone and iPad) apps which are available free of charge.

Confirm an eToro account

Confirm an eToro account

Opening an eToro account in 3 minutes
To open an eToro account all you need to do is..:

Go to Indexuniverse and register (in addition to a valid email address you can use your Google or Facebook account for registration).
The next step is to confirm your email address.
To finish and be able to access all the benefits you need to verify your account. Add your personal details (e.g. name and ID), your investment experience and confirm your phone number (they send you a confirmation code).
To finish you just need to add funds, you can do this by transfer, using your credit or debit card or with PayPal and similar services.

ETF (exchange-traded fund)

But if you prefer to invest in exchange-traded funds (EFTs) you can also do that with eToro.

ETFs available with eToro

ETFs available with eToro

This type of asset class is characterised by investing in whole indices to capture the performance of a market. For example, with eToro you can invest in ETFs that invest in the entire S&P500, European FTSE or in the public and private debt of the world’s major countries.

They are ideal for risk averse profiles and those who are looking for long term investments, personally indexed products are a type of investment that I like very much. As with equities, these ETFs are also fractionalised (see above for more information). They have a total of 257 ETFs in which you can invest.

Invest in ETFs
*67% of retail investors incur losses when trading CFDs with eToro. Please bear this in mind before investing in CFDs.

A differentiating factor of eToro is that you can trade cryptocurrencies such as Bitcoin, Ethereum, Ripple or Dash (a total of 30 are available). This is something that few other online brokers offer, and it can be a decisive factor if you are interested in this sector.

Cryptocurrencies available with eToro

Cryptocurrencies available with eToro

Another positive aspect is that you can use the eToro wallet to host your cryptocurrencies, but be aware that the functionality of this is limited (e.g. you can’t get your passwords), but you can always transfer your cryptocurrencies to your own external wallet.

Please note that eToro does not charge any fees for the cryptocurrency wallet it will let you open, but transfers and cryptocurrency exchanges have a fee (see above for details).

As of September 2021 it is possible to invest in the following cryptocurrencies using eToro: Bitcon, Bitcoin Cash, Ethereum, Ripple, Dash, Litecoin, Cardano, IOTA, Stellar, EOS, NEO, TRON, ZCASH, Binance Coin, Tezos, Maker, Compound, Chainlink, Uniswap, Dogecoin, Aave, Ejin, Polygon and some others.

Cryptos on eToro