Remember: 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.
eToro is one of the world’s leading social trading and asset trading brokerage companies. eToro gives you access to multiple financial instruments, including stocks, commodities, currencies indexes, and crypto-assets.
Great For Rookie Traders As Well As For More Experienced Traders
Its most significant value is its unique social trading offering, which allows rookie traders to engage in copy trading. This feature enables less experienced traders to replicate the trades of top-performing traders to get a chance at cashing in on their projected fortunes.
Even better, if you are a good enough trader and rise through the ranks, you get commissions for every trade other users copy from you.
If you are new to trading, eToro provides you with a demo account that allows you to make unlimited trades, learn as much as you need, and test your strategies before investing your own money.
Now, we might not always have the money we desire to trade with. So you might be wondering if there was a possibility that you would get some extra dollars to top up your trading account.
The great thing about eToro is that it gives you a chance to earn some bonuses, which you can use to top up your trading account.
In this article, we’ll take a look at all bonuses available on eToro. Some are one-off bonuses, while others depend on how far you are willing to go.
When joining eToro for the first time, you are eligible for a free welcome bonus. However, if you already have an account, then this will not benefit you. In addition, this bonus is only applicable if you have never joined via any of eToro’s apps or sites in the past.
The eToro sign-up bonus gifts you free $50 into your trading account to use as you please.
Remember, it is always advisable to test your strategies, experiment with copy trading if interested, and choose your market(s) while on the dummy account before investing your own money in the live version.
Once you are ready to dive, you have to deposit the minimum deposit amount of $50 to qualify to gain the automatic $50 sign-up bonus. You will need to complete the account verification and registration process for the bonus to apply. This typically takes a maximum of one week.
Please note that this sign-up bonus mainly applies when joining via referral links, so you should always opt for these links rather than signing up directly.
eToro Referral Bonus
It is proven that most people are first introduced to trading through referrals. eToro allows you to continue with this tradition by creating referral links that earn both you and your referee a bonus.
Every referral link is unique for each referee, meaning you will have to create a new link for each friend you want to invite.
Every time someone uses the link to join eToro and makes a deposit, you receive the referral bonus on your trading account. The amount ranges from $50 TO $100, depending on where you reside. You will both typically receive $50 each.
Both of you must be living in the ‘eToro Qualified Countries’ to be eligible for the bonuses, and the referee must fulfill the terms for the sign-up bonus described above.
In addition, in Australia, both of you must have closed at least one trade using your own money for the bonus to check-in.
Note that the number of times you can refer friends is capped at 10, meaning you qualify for ten referral bonuses that earn you up to $500 (or $1000 in select countries).
Below is the list of eToro bonus qualified countries:.’
$50 bonus: Mexico, Colombia, Paraguay, Macau, Thailand, Jamaica, El Salvador, Uruguay, Cambodia, Dominican Republic, India, Laos, South Korea, Philippines, Malaysia, Indonesia, Panama, Vietnam, Singapore, Taiwan, Haiti, Chile, Costa Rica, Ecuador, French Guyana, Granada, Bolivia, Guatemala, Guyana, Nicaragua, Peru, Argentina, Surinam, East Timor, Cuba, and Venezuela
$100 bonus: Australia, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
Free Crypto Bonus
eToro also offers bonuses in the form of free cryptos when you purchase. This means you can get more cryptocurrency than what you paid for by using bonus codes. But note that this is only applicable when you make a Cryptocurrency purchase. It is a way of incentivizing users to trade in Cryptocurrencies. You can take advantage of this bonus if you’re keen on amassing some Bitcoins or other coins.
Bonus On Trading Fees
You might already be aware that you will have to part with some trading fees if you are trading currencies. While inevitable, we all wish we could bypass this cost or, in the least, reduce it.
These fees can be pretty high, making the eToro bonus code of discounted trading fees very attractive. These bonuses are, however, few and far between, so you have to look out for them on the eToro website, social media, as well as affiliate websites.
Free Commission on Stocks
No brokerage fee is charged by eToro when you open or close a position, but this does not apply when holding a short or leveraged position. In addition, every user pays zero commission when trading stocks, including zero mark-ups, management, and ticket fee. Other fees will, however, apply.
Unlike many other trading platforms, eToro does not add a dealing charge or quarterly management/administrative fee. It further even absorbs Financial Transaction Tax and Stamp Duty, where applicable.
For users in the United Kingdom, an extra 0.5% saving is given, with those in Ireland getting a further 0.3%, while France and Italy users receive 0.1%.
In addition to the above, you can find eToro bonus codes in the form of special reward coupons. eToro does not generally reveal what exactly you will be getting, so you have to settle for what you get – which, to be honest, is nothing to sulk about at all. You could win yourself a flat or percentage-based discount or any array of freebies.
eToro is uniquely positioned for the beginner trader and offers an easy route to trading, with features like copy trading and an array of online courses via the training academy.
You must be aware that they have expiry dates for the bonus coupons discussed above. It would thus be wise to use them as soon as you can.
As always, remember that trading is a high-risk activity, and your capital is always at risk. As such, do not underestimate the level of skill and knowledge needed to be profitable and risk management.
All the best as you trade, and don’t forget to take advantage of the eToro bonuses discussed above.