Hey everyone! Thanks for watching. It's 2019 now, and yes, I'm still using Etoro :) They made me a Popular Investor on New Year's Eve 2018, which is very exciting for me! Here's my profile if you'd like to see how I'm currently doing : etoro.tw/2rcYYm0 . Thanks everyone for watching and supporting the channel, I really appreciate it. I'll do a follow up for 2019 soon I think, but so far, I still think pretty much the same.
Hi Please help. I want to transfer my equity amount into my available amount in order to withdraw money from etoro? It appears that my equity amount is locked in. How do I unlock it?
It will not take your money just invest slowly in difrenet things not all in one, I already earned money at first, but don't expect you will earn big money fast
It depends how much money they actually were using to trade... You have to think of it in terms of a percentage gain rather than money. If you have $100 to trade with and you make 10%, you've made $10. If you have $1000 to trade with and you make 10%, it's $100. It depends how much money you have to trade with and the percentage gain or loss.
there are other things too but I just wanted to address the "is it a scam" idea. that was my first concern..its different from a full review. Once I know its not a full-on scam then I can decide if its good compared to the other legit sites.
I am an affiliate, but that took over a year to make even the first few hundred dollars... Now they made me a PI, (one of the people who can be copied on the site) so if I do well with that I could eventually earn money from that (but that only happened on the last day of last year). And nope, I don't own eToro :) That would be a brilliant twist though - "Usual Suspects" :)
Thank you for explaining quite a lot of things. I must say I have never come across something more difficult than trying to understand how much etoro will charge you. Consider this: if you have EUR or GBP, you're looking at 0.5% and 2.5% respectively to deposit, then same again to withdraw. I guess that already adds up to 1% and 5% respectively. Then you should consider what rate they apply when they purchase a stock in EUR or GBP, this is a mystery and isn't written in the help centre as far as I know. I must conclude that the conversion fees and what revolves around it on etoro may be fair like you say, but I just can't get my head around how much they are actually charging you.
Yeah, there was always a withdrawal fee, but they used to be in tiers - a little while ago they changed it to $25 no matter how much you want to withdraw ...
Nero II Bautista no you won’t have any fee as stated by the platform, I’m doing the same strategy for long run investment dm me on Instagram @theblessedicon
Hi Tom, Slowly getting through your videos, I'm picking up what you had to do to set up your account, I have set up an Etoro account but wasn't asked for ID would you say I have set up the account properly?
Newb question, why are you made to verify your account to get a smooth withdrawal, especially if your being credited back to the account you debited from. is your data being collected for 3rd parties? I don't get it crypto is sold on the basis of fluidity and speed doesn't this defeat the object?
Hi there - I'm not entirely sure why they all do it - the real reasons - I know that they all say it's because of anti-money-laundering laws internationally, but I'm sure there's other reasons. I say why "they all do it" because I've signed up for around 10 other purely crypto exchanges, and some of them ask for even more documents for account validation. Some of them even ask you to get a piece of paper, write your name on it, the date, and the name of the exchange, sign it, then take a selfie holding up both the paper with your details and your id card in the same shot :) It's like some sort of hostage negotiation or something - it's incredible. I guess someone really really wants to track all this money moving around somehow.
Hey Thomas, I have a question/concept for you! "When to add money to a trader (and why!)?" I've been giving this a lot of thought and you want to add money to traders who are doing you good (making you $$), so it would be natural to add those funds to that trader when you see they are doing well, while they're on a streak/right at the top, but I've found that hasn't been good to maximise profits. When a trader has a good streak, it's often followed by a small drawdown, so when you add funds at the top and the following trades are losing trades, they will cause even bigger drawdown than if you didn't add funds to begin with. I think it's worth being patient when it comes to adding funds, this is basically being extra safe with your money. Wait for a drawdown (even if small) to occur before adding funds - essentially like buying the dip. Would love to hear your opinion on this! (video idea!?!?)
:) I really haven't made my mind up on this one either. I've had the idea of rewarding the lowest risk traders with the highest copy amount for now, but I already have seemed to bend that today by not keeping Bariera (who i just copied) at the bare minimum seeing as he's well outside my max yearly drawdown limits. However, that does come from observing his chart and seeing the very very low drawdowns for everything but the first part of the last 12 months. We'll see. I think keeping the riskier ones as the lowest percentage does seem sane though. but then is it? as don't you want to maximise the gains of those on a streak as you mentioned. Then it gets into the question of why keep riskier ones in the portfolio anyway, even with less exposure in the porfiolio. If it's for their potential gains then isn't that subverted by keeping them as the least-funded of the portfolio? Aren't I essentially saying "I don't trust you really"? Wouldn't it be better to just pick only the ones who I would feel totally comfortable adding as much funds as i could to? I think that may ultimately be the way I go really, but I'm not quite there yet.
Thank you so much man - if there's any ideas for videos, please let me know, as I started about a year ago now, and it's hard to remember all the things which seemed confusing - everything was confusing at first (a lot still is)
Thanks - the one problem I'm having with copying is that certain trades in my investor's profile reflect "pending open" and I did select copy open trades? Can't find anything on the resource guide
Thanks was noob panic. The different exchanges open at different times, so the pending open meant that the trade was pending the exchange opening. Keep up the great vids!
Okay my question if the money comes back to the credit card does it actually stay on the credit card or comes back to the account? Because if i am not wrong credit cards have some limits on them right? I am confused here I don't know if the question is even right
I really don't know enough about how your specific bank handles its credit cards to advise you there - sorry about that. Maybe just check with the bank on that one - they've probably been asked it many times before. I've had credit cards which tie directly into my account, and I've also had others which i have to sort of pre-pay and top up... So I think it depends on the type of card and the bank you're using.
This sounds good, did I hear in one of your videos that if we trade, and it goes down we can owe them money? I don’t get that. Am I right that we can only lose what we initially put in. ?
As far as I'm aware, there's 'negative balance protection' so we shouldn't owe them more than we put in. I wouldn't like to put it to the test though...
I put 2000 USD into eToro. They fail badly keeping their deadlines, this is what worries many people, including myself. However, when I withdrew fund it all came with only a slight delay, and everything I was entitled to, including profits.
I haven't got any new dramatically bad information, so my view is pretty much the same. They've added some new functionality and more cryptos, and changed the minimum trade sizes (not good for beginners) but as for "is it a scam" - i still don't think so - they're even bigger than they were and have even more to lose if they scam people and get busted.
I have used eToro now for several years. The platform can be buggy at times and the spreads are on the higher end of any trading platform you'll see but I forgive them ease of use and access to the social aspect and seeing every elses portfolio can be very helpful especially for beginners. Never had any issues withdrawing money or anything like that, it's not a scam. Been there since late 2015
hi! im new to social trading, i just have a question, can i also apply "Buy and Forget" strategy on Etoro? or is there a fee that would be incurred if i don't trade my money? what if i choose not to copy and just let my stocks rest there, will there an incurring holding fee or something, that would pile up over time? thanks! just subscribed! love your channel :)
If you upload funds and then buy Bitcoin on there, can they transfer the bitcoin to another bitcoin wallet? Or is there a way through there new etoro wallet?
This is something I'd really have to find out for sure. I know they have their wallet, but as far as i can see there are still restrictions in having your private keys etc, so I don't use it. I still use other exchanges and Exodus for my pure crypto holdings. I think they're working on it furiously though, trying to get everything to out-compete their rivals. I know they have an actual crypto exchange now - etoro x - but I asked, and I'm not allowed to make videos about it yet.
wallets that don't give you private keys are dumb. I got burned on one called Multibit. There website is still up but they claim they're closing up the site. So what they claimed was that they got hacked and that's why everyone's money went missing. But it's probably and inside job. Likely it was only a small amount. With etoro I was thinking they looked really good. But it's one of those things were you can put the money in but can't get it back out hardly at all.
1/ Etoro always fils up your order higher ( long ) than your planned entry . You are in debt at entry. It is not related to spread or at market price. Don't get confused on that it is far different. 2/ Etoro forces you to set minimum stop loss "bigger" than the one you have planned for . 3/Etoro forces you to take minimum profit . You can not control your remaining position size on an opened trade . 4/Etoro limits maximum profits at entry . Etoro over controls your trades. They basically act as a " pimp" . It show how many greedy sheep get caught in not informing themselves properly. CAREFUL .
You are AWESOME for starting this VLOG!! Info and guidance is really what everyone needs when starting anything new in ANY field. Investing and trading is no different and you are a blessing for being a leader in this, especially in TH-cam. You rock
Hello copy trading vlog my question is that etoro says it can keep your money safe as long as you have less than 250.000 does that mean if you have more than that they can legally steal your money?
Hi, informative videos :) From my reading, there is insurance if things go pearshape, but not for any crypto trades. Also, i think that them sending your withdrawls in small lots is not such a bad thing as it may be under the reportable amounts. I once was in a bank when some asian ladies were trying to send bundles of cash out of the country, and when the teller said she would need i.d. or something, because the amount was over 10k ( the reportable amount), the ladies just made several deposits of 5k.
smart ladies ... :) Thanks about the videos - yeah, in the 'cryptocurrencies addendum' it does say that since cryptos are 'unregulated' they don't fall under the protection of the insurance scheme. Sobering thought that one...
Thanks for the time and effort. Great video. It will be interesting to see how much your camera purchase would have cost you in profits ;) Anyway, enjoyed the video and thanks for posting!
Cheers Christo :) Yeah, capital's everything in trading, but I've been enjoying the camera too, so all's good :) (I'm kind of impulsive and just wanted the camera fast!)
I've been having major problems with support tickets too - it's taking them around a week to answer, which really isn't good enough. I think what's happened is too many people have signed up in a short time (at least this is what they told me...) and they're having trouble getting more staff in to deal with the extra questions from customers. Sounds weak though - they should have thought of that - it's incredibly annoying, and I get very worried - even now, when they don't answer. I always start thinking "Uh oh, something's up..." But for now, I'm going to give them a little room and see if it gets back to a decent running mode again soon. I think it's this Bitcoin influx. It could be.
So i understand the GBP to US when depositing funds, so what happens when you withdrawing funds will it then change back to GBP and will use the current exchange rate thats on eToro (US to GBP) ?
Hi there - it will use the exchange rate listed on their fees page. So basically, I think the way to do it is to take the current exchange rate they list, and then move it however many pips they charge (obviously you move it in whichever direction gives you less money...) A PIP is one 10,000th of the quoted price. it's the smallest amount a forex pair (except ones with Yen in them) can move. All forex is measured (apart from Yen) to 4 decimal places - eg 1.2345 - so if that last 5 changed to a 4, it would have moved 1 pip. find out how many pips they charge for your pair. move the number to take away whatever pips they charge, then apply that exchange rate to whatever cash you're removing. (i should make a video about that ...) And yes, they charge the exchange fee on deposit AND on withdrawal.
Hi tom.. I just open my etoro account but I am verified for a minute without submitting my bill and valid id.. so im a bit skeptical if i shud pursue.. but the site is real.. is there any changes for the requirement??
Hi there - I'm not sure exactly what you mean - I basically am only using the copy trading feature, so I'm benefiting off other people's trading skills rather than my own :)
I want to transfer my equity amount into my available amount in order to transfer more money than is currently in my available amount. How do I do this?
If I understand correctly, you're saying that a lot of your funds are currently being used in active trades or copies - is that right? Basically, if your money is being used in active trades, those trades would have to be closed first, and then the funds , minus any losses or plus any profits, would be moved to your available funds section to do with as you pleased...
thank you for this great video and best knowledge for me to start the etoro :) . sir can ask question?, would it possible to delete my account and make new one? there will be no problem with that right? actually i could not verify my account due to the mistake information that i have inputted in my address, and i could not rectify that anymore, and that address i have inputted doesn't matched with my ID's. i have already reach out the etoro support and they just keep on asking me to send a proof of address, and i cannot provide because i am here in United Arab Emirates and i am a Philippine. could you give me an advice on how could i verify my account or i should closed this account and make new one. your reply would be highly appreciated. Thank you and more power!
Honestly I don't know... Sorry about that - I don't want to suggest something which might be wrong... when it comes to getting your account verified, it can cause real problems for withdrawals if you don't get it done properly. I'd ask them if you're allowed to start a 'second' account and then just do it that way if they say yes. I have heard of a lot of people having multiple accounts, so as far as I know, that's possible. That sounds like a real hassle - hope you manage to work it out.
@@SocialTrading thank you very much Sir, really appreciate your reply. it has been 2 months and more stuck in this verification :D . thanks again. God bless and more POWER!
Hi Please could you tell me how this works, with regards to exchange rates, when making a withdraw back to my bank account, the deposit i make goes into usd, but when my bank account is uk english gbp, so will i not lose out on the exchange rate as well as the etoro withdraw fee. kind regards
Hi there - they charge two separate things - their exchange rate (exchange fee) and also when you withdraw there's the withdrawal fee - $25. so: on deposit - exchange fee on withdrawal - exchange fee + withdrawal fee. Hope that helps.
Hey. I need a help in this matter. I am new for it. I signed up and I deposited 1000 usd right away. But I am having issue with the varification. I don't have any utility bill or anything as address proofs exept my bank statement. But keep decline. So how should I get my money back. I am worried. Please help.
Im mainly interested in Cryptos. IS there any downside to buying and holding cryptos using Etoro? I use Coinbase but want to get some Ripple & Dash, it seems easier then setting up multiple wallets. I understand I wont actually own the coins; purely for an investment. Thanks
well, technically, if you're buying the coins on Etoro (not through copytrading, not 'short-selling' them, and not investing in the crypto fund) then you do actually own the coins - at least that's what Etoro says. I'd say the main drawback is that you can't move your coins off Etoro should you want to - on other exchanges you can transfer them to any wallet or other exchange. You cna't do that on Etoro. Also, on other exchanges, you can have your overall holdings in a crypto, and sell off parts of it when you want to. On Etoro, each 'trade' is sort of like a block - when you want to close the trade, you have to close the whole trade, not just a part of it. A way round this might be to open many smaller trades ina crypto rather than 1 big trade with the entire amount you want to invest in that crypto - it's up to you though, it really depends on your goals. I'm currently copytrading through Etoro, and also buying other coins which aren't listed on Etoro on other exchanges. Hope that helps a little.
Hey my brother I have a guy that claims that he set his friends on a good copy trading website so they can register and deposit some bitcoins then their bitcoin value grows by 300% each month as their account copies his trades. He claims that It is safe as he do not have any control over their money or bitcoin as it's automatically automated by the website. He claims to get a 10% share of the profits as commission so it's a win win system for everyone. Do you think it’s a scam? The platform his uses is Hub Asset Markets
Every system I have ever heard of which 'guarantees' big rewards has been a scam so far... ALL OF THEM. I wish some of them had been real, but they've all ended up being scams so far.
If you live in UK like me, then when you come to withdraw Etoro do not mention that them converting UK to USD to be able to trade , then when you cash in, Ettoro converting again £USD back to £UK costs UK citezens a whopping 25% ! . That is what I earn almost earn from trading, so whats the point in trading with etoro if you live in the UK? Strange as you sound English so I wonder if you have this issue or have you found a work- around on this one. If so it would be get to know the trick. thanks
On the fees page it shows their conversion rates, and it's nowhere near 25% as far as I can see. That would be ridiculous and totally unuseable - they'd have no U.K customers. I think you may have made a mistake there. Hope so anyhow!
I went to see in google maps were was the location of the etoros in the canary wharf and, I only saw bad reviews saying things like :"Be careful these guys are cons you'll get to a voice recorded message !" Robot voice keep repeating. Hold for 37 minutes and never responded. Keep away from these people" I found very strange since you said you dindt have any problem with the company... Sorry for my bad english...
Hey there - it depends on where you are really - here's what eToro's help section currently says (although I can't guarantee this is up to date...) What is the minimum deposit amount? Welcome to the exciting world of Social Trading! eToro is offering you the opportunity to start your own trading account with a minimum deposit amount of only $200. * For residents of Australia and the USA, the minimum first-time deposit is $50. For residents of Russia, China, Hong Kong, Taiwan and Macau, the minimum first-time deposit is $500. All deposits other than the First Time Deposit are required to be at least $50. For your convenience, there are various deposit methods at your disposal: Credit Card (Visa, MasterCard, Diners Club, Maestro*), PayPal, Neteller, Skrill and WebMoney. Are you familiar with Giropay and Yandex Money? They are both available to you as well. We are also offering the possibility of funding your account via Wire Transfer, with a minimum deposit of $500. Click here to learn more. Unverified accounts are limited to a total deposit amount of $2,250. In order to upgrade your account to Verified status, please go to your profile and click on “Complete Verification”. Note that we reserve the right to change any of the deposit limitations indicated, at any time. When registering a corporate account, a minimum first-time deposit of $10,000 is required. Still not sure how to proceed? Account not verified yet?
Any mention of the conversion fees. They are huge!! I deposited 360 euros and lost 8 euros on conversions fees!! Is there anyway to withdraw in usd only and allow your bank to convert the money to the account currency.
hi Mr, is there any way to get in contact with you, there is just so much scam comments about etoro and I am reaching out to people who are using it.....?
Hi there, what's your main concern? So far it's been going well for me - been just over a year now, and there's some annoying things, but no full-on-scam stuff.
I am no longer able to trade with etoro. Becasue I am a Candian. over 2 weeks still no response for my withdrawl. Gave in all my banking info. Left in the dark? wtf?
Hello Sai - I'm currently looking into this myself actually. I'm trying out coinbase to buy bitcoin, and exodus wallet to hold it in. I'm also looking at Bittrex to exchange bitcoin for other smaller cap coins. But I can't vouch for any of them really yet - I don't have enough experience. I copy Jaynemesis on Etoro, and he trades Bitcoin, but it works differently than on the other exchanges.
oh thanks for the reply man. I think you have heard about gdax? In my case, i'm facing problems with passport verification and all. Have you verified your passport and other documents in coinbase.
Hi there yeah, they went through O.K, and I'm up and running. I heard GDAX might be very helpful - it's coinbase's parent exchange, so it actually makes sense to go there directly. I'll sign up soon.
Hi there - any news? I know they have a serious backlog in everything at the moment - they actually sent out a message about it on Etoro today. My mum's still waiting to get verified too.
Hi there, and thanks. I actually can't recommend any wallet yet as it's still a relatively new area for me (the traditional crypto exchanges) and I haven't made any decisions yet. When i do, I'll let you know!
Etoro took my money from my bank account ..which I didn't request..and it didn't appear in my Etoro account. They simply refused the refund..by saying it was added to my account.. when it was not added. It happened twice. :((
@@SocialTrading I was into Etoro for a while, until I wanted to liquidate and withdraw some funds for the first time, and they started asking me questions about why I'm withdrawing MY MONEY! At that moment I pulled everything out and left Etoro and haven't looked back. Don't ask me why I'm doing something with MY MONEY! You don't need to know that.
I know this is an old video but if your still affiliated with eToro please clarify, you mention if you withdraw you will be credited to which ever account you deposited the money with. In my case a credit card (paid it off immediately!!). But what if you dont want to be credited to that card? what if i made a million on crypto.. i dont want that going to my credit card. what if the account you deposited with no longer exists?
After I invested real money in June this year all those people that I copied or saved in my watchlist started to drastically losing their profits(they all seemed to be doing well before I putting money into real account) , now I am wondering if they are real people or just virtual profiles? does etoro manipulate those profile stats? or it was just the market happened to be doing badly in recent months?
Mine have all been doing badly since January... Who are your ones? I doubt they're just altering their statistics as that would show up in comments from other people copying the traders who suddenly see the stats and returns change. I could be wrong though.
i have created an account on etoro and its verification is pending for one month now and i didn't receive any kind of email or reply for why its taking so long and wen i raised a ticket to ask for this delay, i got an automated reply which doesn't resolve my query.
Yeah, it's been happening to a lot of people - their system is really struggling under the influx of new people they've had because of all the crypto enthusiasm recently. But a month is still actually a long time... I don't know what to suggest - when i write to them at the moment i often don't get a reply for 2 weeks, so it's not just you. I hope it works out ok for you. It's very frustrating. Maybe don't credit your account until they get in touch - that might be the safest way, I'm not sure.
Etoro is big scam 😒 you'll never see your money again. I won big amount and since long time haven't received any cent. Take care don't invest your money at etoro trade. Etoro is big scam 😒
I'm going to make a video about the basics of leverage. It basically is a way of making bigger trades even though you don't have the money for that trade in your account. It means we will win faster but also lose faster, and it's the biggest reason most new traders lose all their money, as it can cause panic, and lead to big losses much faster than we'd expect if we use a lot of leverage on trades before knowing what we're doing. (And nobody knows what they're doing when they first start trading) So, most of the pros suggest staying away from leverage until you know what you're doing. It's up to you though... But i lost a lot in the beginning by using leverage when i wasn't sure what i was doing.
Do not use Etoro 1. Etoro thinks so little of its customers that it takes ten + days to send out a generic response help email to your customer support question. When the email finally arrives it is a templated response that dose not provide any specificity in its answer. 2. Etoro locked all of its customers out of the trading platform yesterday when there was money to be made for 8 hours. Etoro communicated to its customers once over a period of seven hours during this lock out!! 3. It takes ten +days for EToro to respond to your request to withdraw your funds from its platform. Hence my statement that Etoro is a third rate platform, that should be thoroughly investigated for dodgy trading practices. Etoro's loop hole excuse is oh we experienced technical difficulties again and again and again etc.
Hi Elaine, I can't remember if I was verified before I deposited or not. I'd say it's worth waiting a few more days and seeing if the verification goes through first. Some of the problems with withdrawals I've heard about (comparatively few) have been from people trying to make withdrawals before getting verified, so if you can summon up the patience, I'd suggest holding on until the verification process is complete. You could always send etoro support the same question and see what they say.
But I doubt they would say "you have to deposit before you can be verified" - it wouldn't make sense, as verification is there to comply with legal requirements around trading so it's in their best interest to have all of their clients verified as quickly as possible.
Hi there, here's a link to the ETFs page : etoro.tw/2My5Beg I'm not sure if that one's on there - I'm not too familiar with all the ETFs, so you'll have to have a look through. As far as I know you can't set up scheduled automated buys at the moment, so if you wanted to use dollar cost averaging, you'd have to do it manually...
ABSOLUTE NIGHTMARE. FIRST THEY HOLD YOUR CRYPTO FOR 120 DAYS (NO REASON GIVEN) THEN THEY RESTRICT YOUR ACCOUNT AND WALLET WHEN YOU FINALLY TRY TO TRANSFER. THEN YOU HAVE TO DO THE WHOLE KYC THING AGAIN. THEN WAIT SOME MORE. CRAP
I really liked your way of explaining the experience 😊 I had to think about etoro more than a year till I actually got into it and started trading two moths ago.. and I can feel all your feelings you explained.. I like how spontaneous you explain stuff, and I'll be happy to watch your videos and exchange experiences.. and specially that I'm a filmmaker, too. So that makes it more interesting 😊 thank you
I hope you are right, I'm not able to send my bitcoins to another wallet from etoroX, they ask me for 2fa code but I'm not receiving the code on sms, I contacted support and they closed my ticket they said that the 2fa is not activated on my account, but this doesn't sound good to me because this is the reason I opened the ticket because I can't activate the 2fa, so basically now I'm not able to withdraw the bitcoins from etoroX wallet, I saw a lot of complains on many sites against etoro about withdrawing problems and now having this problem with 2fa/withdrawing my bitcoins I'm really concerned. I'll try to withdraw also some of the money from etoro if I get problems I'll get back here because you are saying they are ok and of course I'll fill a complain against etoro on CySEC, I hope that wouldn't be the case.
I don't know about etoroX and their wallet. I asked whether I'm allowed to make videos about EtoroX (their crypto-only exchange) and they said no, not yet. As soon as I'm allowed to, I'll make videos about it, but for now I still use other exchanges and Exodus wallet for my pure crypto holdings. I hope it works out well for you - I can't see why they would jeopardise a massive potential market for themselves by doing stupid things...
Hi Thomas, fab video. I caught the Crypto bug and bought $600 of Ripple at 0.39, so it's doing ok, what i am having trouble it is this, how the hell do i sell some of my trade, genuinely can't work out how to do it, have you made a youtube video on how to do it? or can you guide me
You mean on Etoro? Etoro's crypto trading works differently than other crypto exchanges - you can't sell part of your Ripple (unless you opened lots of small trades) and keep the rest. It treats each "trade" as a block (sort of) so each trade is opeend, and if you want to close the trade and take your profits, you have to close the whole trade, you can't close part of it. Some people get round this by opening several smaller trades, rather than one big one, so that they can close smaller proportions of their overall holdings in an asset should they want to.... Hope that helps - sorry for the late reply, I've been away.
Social Trading Vlog yes that’s what I meant, especially the Fibonacci tool, it’s way beyond a joke, that’s why I use tradingview to do all my analysis nd only use etoro to execute my trades
There are overnight and weekend fees on all leveraged trades, or 'Short' trades (when you're betting the value will go down and wanting to make money as it does)... For the most accurate information (it changes) you can go to their fees page in their halp section and you'll see it all outlined there.
obviously from experience, working with investment groups, you study or work with information the organization is interested in, Etoro does not openly provide information. Like universities, they provide books of information they will ask questions, later on, Etoro does not do this, if Etoro is there to help with work, it is illegal for people who withhold information that will help someone do their job better.
Hey, I want to start trading mainly on crypto-currencies to start off with, I have had a look at a few platforms like Etoro, Plus500, Poloniex, Markets.com, etc. However, I am struggling to decide which one would be better. I have no experience on trading whatsoever, a complete newbie, but interested in starting my journey. What platform would you recommend and any advice?
Hi there - well when I started it was because I'd been watching videos about algorithmic high frequency trading and thought "Wow, that's amazing, I wonder if someone out there would let me use their bot!" so I went off looking to see if websites existed which facilitated this and I found copytrading and Etoro. I wanted to use bots as i knew nothing except that the people who were trading seemed to be making a ton of money and know things I didn't... So really I got into this not to learn to trade, but to be able to benefit from other people's genius :) Now I've started learning to trade, but it's still copytrading which I'm most impressed by as a feature, and from what I can see Etoro is winning on that oe - although if you've found a better copytrading site please let me know. There are problems with Etoro - if you're manually trading as a noob, then it's a bit dangerous on Etoro at the moment, to be honest as they've raised their minimum trade sizes and that has a downside - I made a video about it - th-cam.com/video/yZNrUTMpbS8/w-d-xo.html But, copytrading does bypass a lot of those risks, so I'm still good with it all. As for wanting to primarily trade cryptos - I only really have experience with them on Etoro, and there are limitations - there are only 7 on there, so the range isn't that good, and also you can't store them in your own private "Wallet" which means that you can't transfer them into another crypto exchange and trade them for other cryptos which you might want more. You can do that on the other crypto exchanges like Bittrex or Bitfinnex, or Poloniex or whatever (I signed up for 20 last week as I'm studying arbitrage a little - with little success). On etoro you buy the cryptos (which used to be CFDs of cryptos but are now real cryptos) and if you close your trades it just returns the dollar amount to your available balance to be put into other trades or withdrawn. I also can't get much info on which "3rd Party" they're actually storing our sryptos with, so although they assure me they're very safe and they'd never want us to be out of money should there be a hacking attempt on the 3rd party who's storing them or whatever, I can't totally vouch for the safety of the service they provide - but, then again, nor can i say the pure crypto exchanges are any safer or offer any greater guarantees. I do use Etoro (the site I'm by far most familiar with) to trade cryptos, although now I'm mainly even doing that by copying traders who trade cryptos constantly, so I don't have to watch and can benefit from their skill and knowledge of them). I am, however, learning how to use all the other major crypto exchanges, so I'd say that's a good thing to look into. As for the markets site - I have no experience with that, and plus500 - I've heard you can use leverage on cryptos on that one so I think I'll check it out - I just haven't got round to it yet.... Not the most comprehensive experience, but hope it helps a little :)
That would be a 50% gain monthly... That would be an incredible return, and if it could be relied upon, the whole world would invest in whatever was giving that return :)
@tom keep your eye on Etoro’s announcements today to all the Dutch users with Crypto positions. The company has not obtained the correct licenses with the Dutch Bank, so will be closing all trades at some point in January. Many will suffer from this poor decision and how badly it has been communicated.
I have made a withdrawal on 3 Jan 2018. I only received my initial investment fund. Then the rest I was told to be sent by wire transfer.... but until today I have not received it. And I tried to open ticket in customer service... you know what.... it’s computer standard reply... keep shitting all the same thing... then i was received an email say that if the fund transfer by wire transfer got problem then it’s out of their business... I said WHAT THE FUCk is this!! Are they trying to run away from responsibility?... anyone can help me
lol love this vlog!! It made me laugh. I know I felt the same way when I first wanted to join, I was so scared. You gave me the confidence to join it - I watched your vlogs 2 months ago. Thank you!! :-) I love eToro and the community, I am learning so much about trading. Keep the vlogs coming!! We need people like you to give newbies out there the confidence to join too.
You're welcome Thomas, I am really enjoying watching your vlogs! I'm slowly making my way though them all. I started watching right from the beginning! Currently watching your fourth vlog as I write this! Yes thanks - trading going well, I am learning so much!! It's challenging and fun. When I first joined eToro (after practising for 2 months in virtual before joining the real account) I wasn't going to trade myself, and just copy the PI traders, but I couldn't help myself! haha I just love "the game". I love trading myself now, and learning about candle stick trading, stochastic analysis, and I'm learning a lot from my traders, they're so great and always happy to give me investment and trading help. My investment portfolio is now my own trades, and my 5 top traders I spent 2 months analysing and testing in the Virtual account. I can't wait for the market to open tomorrow and the FX market to open tonight! haha Weekends are now "oh the market is closed bummer" haha. And so then I focus on my crypto trades since that's the only market open at the weekend. I've become a junkie trader lol. I need my fix haha. I totally get it now when they say "it's not about the money, it's about the game" Wallstreet - Michael Douglas haha. I finally understand what going short is! It's not until you actually do trading that you get all the vocab. When I watched The Big Short, the financial terms totally went over my head, now I get all the financial terms and it's so cool! Sorry just written an essay :) Catch you on the inside!
hehehe. Yeah, it's totally addictive :) Jay's live streaming is really useful actually, although he's off doing a Gaming convention in Germany this week so won't be doing another until the 29th I believe (there's also a discord channel now too where there's constant chat). The Big Short was a brilliant film!
Hey everyone! Thanks for watching. It's 2019 now, and yes, I'm still using Etoro :) They made me a Popular Investor on New Year's Eve 2018, which is very exciting for me!
Here's my profile if you'd like to see how I'm currently doing : etoro.tw/2rcYYm0 . Thanks everyone for watching and supporting the channel, I really appreciate it. I'll do a follow up for 2019 soon I think, but so far, I still think pretty much the same.
But the real question is, did you actually made profits from this platform??
@@beyondintervals6606 He did not. Have a look at his etoro profile - the link is above.
Hi Please help. I want to transfer my equity amount into my available amount in order to withdraw money from etoro? It appears that my equity amount is locked in. How do I unlock it?
@@sq7ikr 😂😂😂😂 its emotional
Did you find an answer to this? Is it that your money's just tied up in active trades?
i legit had an etoro ad before this
My adsense revenue really jumped this month - I think maybe Etoro are doing a big promotional push or something.
Same
Polar Playz me too
@@SocialTrading is useless they will fall
Same
You look like Simon Cowell's little brother
So they say :)
Thats because he is simons lil brov
Simon Cowell scares me, he's very calming
Simon young version
Simon Sheepwell
okey i will try it but if anything happens to my $23.52 your gonna get a beating.
The big boys table eh... Nice :) Me too...
XD
So what happened to your 23$? Asking for a friend
Pu5sy Devourer why?
@Pu5sy Devourer any explanation? I did like to hear how it’s scam
"Im afraid etoro's gonna take my money"
*proceeds to put $1000 into etoro*
:)
Hahahaha darn rich
It will not take your money just invest slowly in difrenet things not all in one, I already earned money at first, but don't expect you will earn big money fast
They will stay away! Go for big brokers like XTB, IG, Degiro....they are scums
that is the part that makes it ( not to be trusted ) well for me.. anyway, I am wanting a real one so bad.
Loving etoro so far. Made 2000 usd just copying, just like in school xD
nice :)
How long it took to make that $2000.
It depends how much money they actually were using to trade... You have to think of it in terms of a percentage gain rather than money. If you have $100 to trade with and you make 10%, you've made $10. If you have $1000 to trade with and you make 10%, it's $100. It depends how much money you have to trade with and the percentage gain or loss.
@Social Trading Vlog what are you'r thoughts on etoro's status on trustpilot?
How is it going so far? Is it a good way to invest ?
Does not seem sincere. It more looks like a promo channel. Every platform has pros and cons, but this guy did not mentioned a single bad thing.
He might be working with Etoro as business partner. lol
He did, he said its annoying that there are fees for withdrawal and the fact that they call him up
there are other things too but I just wanted to address the "is it a scam" idea. that was my first concern..its different from a full review. Once I know its not a full-on scam then I can decide if its good compared to the other legit sites.
I think that this man owns etoro, works for it or is paid for doing this videos or get some earnings from etoro
I am an affiliate, but that took over a year to make even the first few hundred dollars... Now they made me a PI, (one of the people who can be copied on the site) so if I do well with that I could eventually earn money from that (but that only happened on the last day of last year). And nope, I don't own eToro :) That would be a brilliant twist though - "Usual Suspects" :)
Thank you for explaining quite a lot of things.
I must say I have never come across something more difficult than trying to understand how much etoro will charge you.
Consider this: if you have EUR or GBP, you're looking at 0.5% and 2.5% respectively to deposit, then same again to withdraw. I guess that already adds up to 1% and 5% respectively.
Then you should consider what rate they apply when they purchase a stock in EUR or GBP, this is a mystery and isn't written in the help centre as far as I know.
I must conclude that the conversion fees and what revolves around it on etoro may be fair like you say, but I just can't get my head around how much they are actually charging you.
The withdrawal fees have gone up. It is now 25 dollars fee for any withdrawal over 50us
yep, that's true.
+1, it's 25$. I'm in there too, look for PlayBass. Cheers!
You're doing well! nice :)
how long does withdrwal takes i requeted mine on 11/29 and no response from them
scary, did it come yet?
I don't understand so is it a scam or not ?
Update from their FAQ:
Does eToro charge withdrawal fees?
Yes, all withdrawal requests are subject to a $25 fee.
Yeah, there was always a withdrawal fee, but they used to be in tiers - a little while ago they changed it to $25 no matter how much you want to withdraw ...
no they changed it now to $5
is there an incurring fee if i just do "Buy & forget" strategy? is there like an incurring holding fee of some sort? thanks :)
Nero II Bautista no you won’t have any fee as stated by the platform, I’m doing the same strategy for long run investment dm me on Instagram @theblessedicon
There is 10USD charge if you didn't login for 1 year.
Hi Tom, Slowly getting through your videos, I'm picking up what you had to do to set up your account, I have set up an Etoro account but wasn't asked for ID would you say I have set up the account properly?
I've heard people having trouble if they didn't fully complete the verification...
Thanks... Your Video is like the help button on etoro. Every questions that i have, you've explained clearly... thanks
I’m watching this now in 2020 and there’s a massive furore over Hertz stocks at the moment. Any opinion?
Newb question, why are you made to verify your account to get a smooth withdrawal, especially if your being credited back to the account you debited from. is your data being collected for 3rd parties?
I don't get it crypto is sold on the basis of fluidity and speed doesn't this defeat the object?
Hi there - I'm not entirely sure why they all do it - the real reasons - I know that they all say it's because of anti-money-laundering laws internationally, but I'm sure there's other reasons. I say why "they all do it" because I've signed up for around 10 other purely crypto exchanges, and some of them ask for even more documents for account validation. Some of them even ask you to get a piece of paper, write your name on it, the date, and the name of the exchange, sign it, then take a selfie holding up both the paper with your details and your id card in the same shot :) It's like some sort of hostage negotiation or something - it's incredible. I guess someone really really wants to track all this money moving around somehow.
Hey Thomas, I have a question/concept for you! "When to add money to a trader (and why!)?"
I've been giving this a lot of thought and you want to add money to traders who are doing you good (making you $$), so it would be natural to add those funds to that trader when you see they are doing well, while they're on a streak/right at the top, but I've found that hasn't been good to maximise profits. When a trader has a good streak, it's often followed by a small drawdown, so when you add funds at the top and the following trades are losing trades, they will cause even bigger drawdown than if you didn't add funds to begin with. I think it's worth being patient when it comes to adding funds, this is basically being extra safe with your money. Wait for a drawdown (even if small) to occur before adding funds - essentially like buying the dip.
Would love to hear your opinion on this! (video idea!?!?)
:) I really haven't made my mind up on this one either. I've had the idea of rewarding the lowest risk traders with the highest copy amount for now, but I already have seemed to bend that today by not keeping Bariera (who i just copied) at the bare minimum seeing as he's well outside my max yearly drawdown limits. However, that does come from observing his chart and seeing the very very low drawdowns for everything but the first part of the last 12 months. We'll see. I think keeping the riskier ones as the lowest percentage does seem sane though. but then is it? as don't you want to maximise the gains of those on a streak as you mentioned. Then it gets into the question of why keep riskier ones in the portfolio anyway, even with less exposure in the porfiolio. If it's for their potential gains then isn't that subverted by keeping them as the least-funded of the portfolio? Aren't I essentially saying "I don't trust you really"? Wouldn't it be better to just pick only the ones who I would feel totally comfortable adding as much funds as i could to? I think that may ultimately be the way I go really, but I'm not quite there yet.
It's a good idea for a video yeah. I don't have a solid answer for now, just still working through it, but eventually that one will get made :)
Thanks man very informative, now im eyeing for this to join and start with small and see how it goes.
I'll copy you once Im in! 👍😂
Thanks man :) Much appreciated!
Subscribed - Awesome videos loaded with practical examples and step by step tutorial for a noob like me - thank you!
Thank you so much man - if there's any ideas for videos, please let me know, as I started about a year ago now, and it's hard to remember all the things which seemed confusing - everything was confusing at first (a lot still is)
Thanks - the one problem I'm having with copying is that certain trades in my investor's profile reflect "pending open" and I did select copy open trades? Can't find anything on the resource guide
How long have they been pending? Might it be that they were assets where the market which trades them wasn't open yet?
Thanks was noob panic. The different exchanges open at different times, so the pending open meant that the trade was pending the exchange opening. Keep up the great vids!
Thanks man, glad it was a simple fix!
Okay my question if the money comes back to the credit card does it actually stay on the credit card or comes back to the account? Because if i am not wrong credit cards have some limits on them right? I am confused here I don't know if the question is even right
I really don't know enough about how your specific bank handles its credit cards to advise you there - sorry about that. Maybe just check with the bank on that one - they've probably been asked it many times before. I've had credit cards which tie directly into my account, and I've also had others which i have to sort of pre-pay and top up... So I think it depends on the type of card and the bank you're using.
This sounds good, did I hear in one of your videos that if we trade, and it goes down we can owe them money?
I don’t get that. Am I right that we can only lose what we initially put in. ?
As far as I'm aware, there's 'negative balance protection' so we shouldn't owe them more than we put in. I wouldn't like to put it to the test though...
Yes I was trying to find your video about it, not found as yet
th-cam.com/video/A1iTColkAck/w-d-xo.html
the vid before it does also deal with a situation where you could potentially trigger this negative balance protection...
When i clicked your video, sudenlly etoro advertisement showed up. Case or not?
It's Google trying to make as much money off you as possible by showing you ads relevant to your interests...
What an honest review. Thank you so much. I'm on it!!
Thanks :) Hope it all goes well. I'm still learning really too.
soooo. how did it work out for you
gee.. i just put 500 in etoro.. and then so your title : is toro a scam? I was like.. nooooooooooooo
hehehehe. Hope you're feeling better now
just put 50% in btc.. im more cautious in trading than in etoro now.
I put 2000 USD into eToro. They fail badly keeping their deadlines, this is what worries many people, including myself. However, when I withdrew fund it all came with only a slight delay, and everything I was entitled to, including profits.
Just did same thing with a 1000 hahahah
La Vida en China 😂😂😂😂😂😂😂😂😂😂😂😂😁
Do the copy trades actually work. Seems easy find a successful trader, follow them. How hard can it be?
now in 2020 Summer searching eToro ,most reviews say it's still borderline scam ,trustpilot etc. What do you think about trading212 and saxo bank?
So November 2018 , is it still good to invest in ? Any update will be appreciated
I haven't got any new dramatically bad information, so my view is pretty much the same. They've added some new functionality and more cryptos, and changed the minimum trade sizes (not good for beginners) but as for "is it a scam" - i still don't think so - they're even bigger than they were and have even more to lose if they scam people and get busted.
Social Trading Vlog
Thank you so much !! I'm quite optimistic about it now
I have used eToro now for several years. The platform can be buggy at times and the spreads are on the higher end of any trading platform you'll see but I forgive them ease of use and access to the social aspect and seeing every elses portfolio can be very helpful especially for beginners. Never had any issues withdrawing money or anything like that, it's not a scam. Been there since late 2015
Thanks for adding your experience :)
how much did you invest on etora and ho much did you make so far??
hi! im new to social trading, i just have a question, can i also apply "Buy and Forget" strategy on Etoro? or is there a fee that would be incurred if i don't trade my money? what if i choose not to copy and just let my stocks rest there, will there an incurring holding fee or something, that would pile up over time? thanks! just subscribed! love your channel :)
What Nero said. I wanna know if i can Buy and forget about it for 10 years or more.
@@kimslip There is no fee for that, you can absolutely do that!
If you upload funds and then buy Bitcoin on there, can they transfer the bitcoin to another bitcoin wallet? Or is there a way through there new etoro wallet?
This is something I'd really have to find out for sure. I know they have their wallet, but as far as i can see there are still restrictions in having your private keys etc, so I don't use it. I still use other exchanges and Exodus for my pure crypto holdings. I think they're working on it furiously though, trying to get everything to out-compete their rivals. I know they have an actual crypto exchange now - etoro x - but I asked, and I'm not allowed to make videos about it yet.
wallets that don't give you private keys are dumb. I got burned on one called Multibit. There website is still up but they claim they're closing up the site. So what they claimed was that they got hacked and that's why everyone's money went missing. But it's probably and inside job. Likely it was only a small amount. With etoro I was thinking they looked really good. But it's one of those things were you can put the money in but can't get it back out hardly at all.
On the "spread fees" - is that the loss I make if i buy/sell and then immediately close?
1/ Etoro always fils up your order higher ( long ) than your planned entry . You are in debt at entry. It is not related to spread or at market price. Don't get confused on that it is far different.
2/ Etoro forces you to set minimum stop loss "bigger" than the one you have planned for .
3/Etoro forces you to take minimum profit . You can not control your remaining position size on an opened trade .
4/Etoro limits maximum profits at entry .
Etoro over controls your trades. They basically act as a " pimp" .
It show how many greedy sheep get caught in not informing themselves properly. CAREFUL .
You are AWESOME for starting this VLOG!! Info and guidance is really what everyone needs when starting anything new in ANY field. Investing and trading is no different and you are a blessing for being a leader in this, especially in TH-cam. You rock
cheers Drey ! What a very kind comment :) Thanks a lot
8:34 whooo i admire your losing enthusiasm
Hello copy trading vlog my question is that etoro says it can keep your money safe as long as you have less than 250.000 does that mean if you have more than that they can legally steal your money?
Hi, informative videos :)
From my reading, there is insurance if things go pearshape, but not for any crypto trades. Also, i think that them sending your withdrawls in small lots is not such a bad thing as it may be under the reportable amounts. I once was in a bank when some asian ladies were trying to send bundles of cash out of the country, and when the teller said she would need i.d. or something, because the amount was over 10k ( the reportable amount), the ladies just made several deposits of 5k.
smart ladies ... :) Thanks about the videos - yeah, in the 'cryptocurrencies addendum' it does say that since cryptos are 'unregulated' they don't fall under the protection of the insurance scheme. Sobering thought that one...
If i copy trader. is the risk bigger in i lose they money i has on they web side?
Thanks for the time and effort. Great video. It will be interesting to see how much your camera purchase would have cost you in profits ;) Anyway, enjoyed the video and thanks for posting!
Cheers Christo :) Yeah, capital's everything in trading, but I've been enjoying the camera too, so all's good :) (I'm kind of impulsive and just wanted the camera fast!)
and yes, impulsivity and trading are a dodgy combo :)
how can i fix issues with verify address on etoro, i tried with all my documents , i still stand at 95% please help me :(
Hi there! I can help you!
well that's was helpful . u spoke my mind so subscribed immediately .. keep it coming .
Thanks :)
Well, B.M .... any revenues ? am going to join the show
It looks like it changed a lot from August, to December. They are not answering support tickets, nor transfering the money. I'm really frustrated.
I've been having major problems with support tickets too - it's taking them around a week to answer, which really isn't good enough. I think what's happened is too many people have signed up in a short time (at least this is what they told me...) and they're having trouble getting more staff in to deal with the extra questions from customers. Sounds weak though - they should have thought of that - it's incredibly annoying, and I get very worried - even now, when they don't answer. I always start thinking "Uh oh, something's up..." But for now, I'm going to give them a little room and see if it gets back to a decent running mode again soon. I think it's this Bitcoin influx. It could be.
Hey, thanks a million for your videos. I'm just starting with the platform too and some of then helped me quite a lot. Thanks for your sincerity.
Thanks Steve :)
Just put 200€ into it and withdrew, now I'm waiting for 2 days to see how things will go.
Yeah, I did something similar i the beginning just to check :)
So i understand the GBP to US when depositing funds, so what happens when you withdrawing funds will it then change back to GBP and will use the current exchange rate thats on eToro (US to GBP) ?
Hi there - it will use the exchange rate listed on their fees page. So basically, I think the way to do it is to take the current exchange rate they list, and then move it however many pips they charge (obviously you move it in whichever direction gives you less money...) A PIP is one 10,000th of the quoted price. it's the smallest amount a forex pair (except ones with Yen in them) can move. All forex is measured (apart from Yen) to 4 decimal places - eg 1.2345 - so if that last 5 changed to a 4, it would have moved 1 pip. find out how many pips they charge for your pair. move the number to take away whatever pips they charge, then apply that exchange rate to whatever cash you're removing. (i should make a video about that ...) And yes, they charge the exchange fee on deposit AND on withdrawal.
Hi tom.. I just open my etoro account but I am verified for a minute without submitting my bill and valid id.. so im a bit skeptical if i shud pursue.. but the site is real.. is there any changes for the requirement??
Sir this etoro is just u have to order the stock market and invest no need to sell?
Hi there - I'm not sure exactly what you mean - I basically am only using the copy trading feature, so I'm benefiting off other people's trading skills rather than my own :)
I want to transfer my equity amount into my available amount in order to transfer more money than is currently in my available amount. How do I do this?
If I understand correctly, you're saying that a lot of your funds are currently being used in active trades or copies - is that right? Basically, if your money is being used in active trades, those trades would have to be closed first, and then the funds , minus any losses or plus any profits, would be moved to your available funds section to do with as you pleased...
thank you for this great video and best knowledge for me to start the etoro :) . sir can ask question?, would it possible to delete my account and make new one? there will be no problem with that right? actually i could not verify my account due to the mistake information that i have inputted in my address, and i could not rectify that anymore, and that address i have inputted doesn't matched with my ID's. i have already reach out the etoro support and they just keep on asking me to send a proof of address, and i cannot provide because i am here in United Arab Emirates and i am a Philippine. could you give me an advice on how could i verify my account or i should closed this account and make new one.
your reply would be highly appreciated.
Thank you and more power!
Honestly I don't know... Sorry about that - I don't want to suggest something which might be wrong... when it comes to getting your account verified, it can cause real problems for withdrawals if you don't get it done properly. I'd ask them if you're allowed to start a 'second' account and then just do it that way if they say yes. I have heard of a lot of people having multiple accounts, so as far as I know, that's possible. That sounds like a real hassle - hope you manage to work it out.
@@SocialTrading thank you very much Sir, really appreciate your reply. it has been 2 months and more stuck in this verification :D . thanks again. God bless and more POWER!
Hello. Etoro just delete my portfolio? Can somebody tell me how do I get it back? PLEASE HELP ME! I see that they withdraw it...
Hi
Please could you tell me how this works, with regards to exchange rates, when making a withdraw back to my bank account, the deposit i make goes into usd, but when my bank account is uk english gbp, so will i not lose out on the exchange rate as well as the etoro withdraw fee.
kind regards
Hi there - they charge two separate things - their exchange rate (exchange fee) and also when you withdraw there's the withdrawal fee - $25.
so:
on deposit - exchange fee
on withdrawal - exchange fee + withdrawal fee.
Hope that helps.
Hey. I need a help in this matter. I am new for it. I signed up and I deposited 1000 usd right away. But I am having issue with the varification. I don't have any utility bill or anything as address proofs exept my bank statement. But keep decline. So how should I get my money back. I am worried. Please help.
Im mainly interested in Cryptos. IS there any downside to buying and holding cryptos using Etoro? I use Coinbase but want to get some Ripple & Dash, it seems easier then setting up multiple wallets. I understand I wont actually own the coins; purely for an investment. Thanks
well, technically, if you're buying the coins on Etoro (not through copytrading, not 'short-selling' them, and not investing in the crypto fund) then you do actually own the coins - at least that's what Etoro says. I'd say the main drawback is that you can't move your coins off Etoro should you want to - on other exchanges you can transfer them to any wallet or other exchange. You cna't do that on Etoro. Also, on other exchanges, you can have your overall holdings in a crypto, and sell off parts of it when you want to. On Etoro, each 'trade' is sort of like a block - when you want to close the trade, you have to close the whole trade, not just a part of it. A way round this might be to open many smaller trades ina crypto rather than 1 big trade with the entire amount you want to invest in that crypto - it's up to you though, it really depends on your goals. I'm currently copytrading through Etoro, and also buying other coins which aren't listed on Etoro on other exchanges. Hope that helps a little.
Social Trading Vlog Thanks for the reply. I hadn't thought about the fact I have to sell them all at once.
Hey my brother I have a guy that claims that he set his friends on a good copy trading website so they can register and deposit some bitcoins then their bitcoin value grows by 300% each month as their account copies his trades.
He claims that It is safe as he do not have any control over their money or bitcoin as it's automatically automated by the website.
He claims to get a 10% share of the profits as commission so it's a win win system for everyone.
Do you think it’s a scam?
The platform his uses is Hub Asset Markets
Every system I have ever heard of which 'guarantees' big rewards has been a scam so far... ALL OF THEM. I wish some of them had been real, but they've all ended up being scams so far.
If you live in UK like me, then when you come to withdraw Etoro do not mention that them converting UK to USD to be able to trade , then when you cash in, Ettoro converting again £USD back to £UK costs UK citezens a whopping 25% ! . That is what I earn almost earn from trading, so whats the point in trading with etoro if you live in the UK? Strange as you sound English so I wonder if you have this issue or have you found a work- around on this one. If so it would be get to know the trick. thanks
On the fees page it shows their conversion rates, and it's nowhere near 25% as far as I can see. That would be ridiculous and totally unuseable - they'd have no U.K customers. I think you may have made a mistake there. Hope so anyhow!
I went to see in google maps were was the location of the etoros in the canary wharf and, I only saw bad reviews saying things like :"Be careful these guys are cons you'll get to a voice recorded message !" Robot voice keep repeating. Hold for 37 minutes and never responded. Keep away from these people"
I found very strange since you said you dindt have any problem with the company...
Sorry for my bad english...
What did you decide in the end?
What is the minimum to deposit in e toro ..? Can i start with 100€?
Hey there - it depends on where you are really - here's what eToro's help section currently says (although I can't guarantee this is up to date...)
What is the minimum deposit amount?
Welcome to the exciting world of Social Trading!
eToro is offering you the opportunity to start your own trading account with a minimum deposit amount of only $200. *
For residents of Australia and the USA, the minimum first-time deposit is $50.
For residents of Russia, China, Hong Kong, Taiwan and Macau, the minimum first-time deposit is $500.
All deposits other than the First Time Deposit are required to be at least $50.
For your convenience, there are various deposit methods at your disposal: Credit Card (Visa, MasterCard, Diners Club, Maestro*), PayPal, Neteller, Skrill and WebMoney.
Are you familiar with Giropay and Yandex Money? They are both available to you as well.
We are also offering the possibility of funding your account via Wire Transfer, with a minimum deposit of $500.
Click here to learn more.
Unverified accounts are limited to a total deposit amount of $2,250. In order to upgrade your account to Verified status, please go to your profile and click on “Complete Verification”. Note that we reserve the right to change any of the deposit limitations indicated, at any time.
When registering a corporate account, a minimum first-time deposit of $10,000 is required.
Still not sure how to proceed? Account not verified yet?
@@SocialTrading im from portugal i gues its 200 € fistr time deposit
been etoro 1 years, satisfied with everything just spread fee are annoying..
True. And minimum trade sizes. And inability to move cryptos off Etoro.
The HARD PART here is withdrawing your profit. They make you the go around.
Hey dear, we are dedicated on providing you consulting on how to recover your money and not only that. Ping me for more...
Any mention of the conversion fees. They are huge!! I deposited 360 euros and lost 8 euros on conversions fees!! Is there anyway to withdraw in usd only and allow your bank to convert the money to the account currency.
I DEPOSITED MONEY WITHOUT MY ACCOUNT BEING VERIFIED AND IT WONT VERIFY NOW
I NEED HELP PLEASE
Can I buy BTC using Etoro and send it to my Blockchain wallet?
I didn't get my money, what should I do can anyone help me?
Contact him privately on his WhatsApp for guidance👇👇
7440110158 country code + 44
hi Mr, is there any way to get in contact with you, there is just so much scam comments about etoro and I am reaching out to people who are using it.....?
Hi there, what's your main concern? So far it's been going well for me - been just over a year now, and there's some annoying things, but no full-on-scam stuff.
I transferred money to them. Then I learned. It's a smart scam, probably the best operated in the world.
I can't see how it's a scam... What makes you say that?
hi (smart scam) sounds sensitive to me, mind sharing an intelligent explanation on it ? tq
I am no longer able to trade with etoro. Becasue I am a Candian. over 2 weeks still no response for my withdrawl. Gave in all my banking info. Left in the dark? wtf?
Did you get it back in the end??
Need a small advice. I live in germany, what is the best way to buy bitcoin with trust and less fee. Could you help me in finding this out.
Hello Sai - I'm currently looking into this myself actually. I'm trying out coinbase to buy bitcoin, and exodus wallet to hold it in. I'm also looking at Bittrex to exchange bitcoin for other smaller cap coins. But I can't vouch for any of them really yet - I don't have enough experience. I copy Jaynemesis on Etoro, and he trades Bitcoin, but it works differently than on the other exchanges.
oh thanks for the reply man. I think you have heard about gdax? In my case, i'm facing problems with passport verification and all. Have you verified your passport and other documents in coinbase.
Hi there yeah, they went through O.K, and I'm up and running. I heard GDAX might be very helpful - it's coinbase's parent exchange, so it actually makes sense to go there directly. I'll sign up soon.
Why until now my account has not been verified, its already 4 working days, what shall i do? Where can I check the status of my account?
Hi there - any news? I know they have a serious backlog in everything at the moment - they actually sent out a message about it on Etoro today. My mum's still waiting to get verified too.
It's not legally a scam but they won't really tell you whats up. Giant spreads, fee's when depositing and withdrawing money and that kind of stuff
Etoro is a big scam be carefull your money will not get back
Thanks for the info, I believe 90/90/90 is ideal on CFD platform. only 10/100 are able to make profit. which wallet do you recommend for crypto?
Hi there, and thanks. I actually can't recommend any wallet yet as it's still a relatively new area for me (the traditional crypto exchanges) and I haven't made any decisions yet. When i do, I'll let you know!
Etoro took my money from my bank account ..which I didn't request..and it didn't appear in my Etoro account. They simply refused the refund..by saying it was added to my account.. when it was not added.
It happened twice. :((
Best to get in touch with your bank directly - as far as I'm aware a bank should never be able to transfer its clients money without their approval...
@@SocialTrading I was into Etoro for a while, until I wanted to liquidate and withdraw some funds for the first time, and they started asking me questions about why I'm withdrawing MY MONEY! At that moment I pulled everything out and left Etoro and haven't looked back. Don't ask me why I'm doing something with MY MONEY! You don't need to know that.
I know this is an old video but if your still affiliated with eToro please clarify, you mention if you withdraw you will be credited to which ever account you deposited the money with. In my case a credit card (paid it off immediately!!). But what if you dont want to be credited to that card? what if i made a million on crypto.. i dont want that going to my credit card. what if the account you deposited with no longer exists?
How is it doing in 2020 ?
After I invested real money in June this year all those people that I copied or saved in my watchlist started to drastically losing their profits(they all seemed to be doing well before I putting money into real account) ,
now I am wondering if they are real people or just virtual profiles? does etoro manipulate those profile stats? or it was just the market happened to be doing badly in recent months?
Mine have all been doing badly since January... Who are your ones? I doubt they're just altering their statistics as that would show up in comments from other people copying the traders who suddenly see the stats and returns change. I could be wrong though.
i have created an account on etoro and its verification is pending for one month now and i didn't receive any kind of email or reply for why its taking so long and wen i raised a ticket to ask for this delay, i got an automated reply which doesn't resolve my query.
Yeah, it's been happening to a lot of people - their system is really struggling under the influx of new people they've had because of all the crypto enthusiasm recently. But a month is still actually a long time... I don't know what to suggest - when i write to them at the moment i often don't get a reply for 2 weeks, so it's not just you. I hope it works out ok for you. It's very frustrating. Maybe don't credit your account until they get in touch - that might be the safest way, I'm not sure.
Etoro is big scam 😒 you'll never see your money again. I won big amount and since long time haven't received any cent. Take care don't invest your money at etoro trade. Etoro is big scam 😒
What I don't get can anyone help me on understanding using leverage on trade please
I'm going to make a video about the basics of leverage. It basically is a way of making bigger trades even though you don't have the money for that trade in your account. It means we will win faster but also lose faster, and it's the biggest reason most new traders lose all their money, as it can cause panic, and lead to big losses much faster than we'd expect if we use a lot of leverage on trades before knowing what we're doing. (And nobody knows what they're doing when they first start trading) So, most of the pros suggest staying away from leverage until you know what you're doing. It's up to you though... But i lost a lot in the beginning by using leverage when i wasn't sure what i was doing.
Yes they will, they stole mine and they dont get back to you they are a scam
thank you for a definite answer.
Ah another thing, is it true that they will pay for the stamp duty??
Do not use Etoro 1. Etoro thinks so little of its customers that it takes ten + days to send out a generic response help email to your customer support question. When the email finally arrives it is a templated response that dose not provide any specificity in its answer. 2. Etoro locked all of its customers out of the trading platform yesterday when there was money to be made for 8 hours. Etoro communicated to its customers once over a period of seven hours during this lock out!! 3. It takes ten +days for EToro to respond to your request to withdraw your funds from its platform. Hence my statement that Etoro is a third rate platform, that should be thoroughly investigated for dodgy trading practices. Etoro's loop hole excuse is oh we experienced technical difficulties again and again and again etc.
Hi. Do I have to deposit before I get verified? Been waiting for their verification for 4 days.
Hi Elaine, I can't remember if I was verified before I deposited or not. I'd say it's worth waiting a few more days and seeing if the verification goes through first. Some of the problems with withdrawals I've heard about (comparatively few) have been from people trying to make withdrawals before getting verified, so if you can summon up the patience, I'd suggest holding on until the verification process is complete. You could always send etoro support the same question and see what they say.
But I doubt they would say "you have to deposit before you can be verified" - it wouldn't make sense, as verification is there to comply with legal requirements around trading so it's in their best interest to have all of their clients verified as quickly as possible.
Social Trading Vlog thanks for the info.
No problem, hope it helps, and doesn't take too long!
Can I use etoro to buy vanguard sp500 etf with dollar cost averaging method?
Hi there, here's a link to the ETFs page : etoro.tw/2My5Beg
I'm not sure if that one's on there - I'm not too familiar with all the ETFs, so you'll have to have a look through. As far as I know you can't set up scheduled automated buys at the moment, so if you wanted to use dollar cost averaging, you'd have to do it manually...
Hi there, how come eToro doesn’t give me the ‘close’ option? Thanks for all of your videos, it helps a lot!!
You have to press the '...' next to the trade, then press close
ABSOLUTE NIGHTMARE. FIRST THEY HOLD YOUR CRYPTO FOR 120 DAYS (NO REASON GIVEN) THEN THEY RESTRICT YOUR ACCOUNT AND WALLET WHEN YOU FINALLY TRY TO TRANSFER. THEN YOU HAVE TO DO THE WHOLE KYC THING AGAIN. THEN WAIT SOME MORE. CRAP
I really liked your way of explaining the experience 😊 I had to think about etoro more than a year till I actually got into it and started trading two moths ago.. and I can feel all your feelings you explained.. I like how spontaneous you explain stuff, and I'll be happy to watch your videos and exchange experiences.. and specially that I'm a filmmaker, too. So that makes it more interesting 😊 thank you
Cheers Sandokji!, That's really nice to hear. Much appreciated :)
I hope you are right, I'm not able to send my bitcoins to another wallet from etoroX, they ask me for 2fa code but I'm not receiving the code on sms, I contacted support and they closed my ticket they said that the 2fa is not activated on my account, but this doesn't sound good to me because this is the reason I opened the ticket because I can't activate the 2fa, so basically now I'm not able to withdraw the bitcoins from etoroX wallet, I saw a lot of complains on many sites against etoro about withdrawing problems and now having this problem with 2fa/withdrawing my bitcoins I'm really concerned. I'll try to withdraw also some of the money from etoro if I get problems I'll get back here because you are saying they are ok and of course I'll fill a complain against etoro on CySEC, I hope that wouldn't be the case.
I don't know about etoroX and their wallet. I asked whether I'm allowed to make videos about EtoroX (their crypto-only exchange) and they said no, not yet. As soon as I'm allowed to, I'll make videos about it, but for now I still use other exchanges and Exodus wallet for my pure crypto holdings. I hope it works out well for you - I can't see why they would jeopardise a massive potential market for themselves by doing stupid things...
@@SocialTrading I withdraw $975 from etoro, there was no problem as I read in many reviews, $25 was the withdrawal fee
Hi Thomas, fab video. I caught the Crypto bug and bought $600 of Ripple at 0.39, so it's doing ok, what i am having trouble it is this, how the hell do i sell some of my trade, genuinely can't work out how to do it, have you made a youtube video on how to do it? or can you guide me
You mean on Etoro? Etoro's crypto trading works differently than other crypto exchanges - you can't sell part of your Ripple (unless you opened lots of small trades) and keep the rest. It treats each "trade" as a block (sort of) so each trade is opeend, and if you want to close the trade and take your profits, you have to close the whole trade, you can't close part of it. Some people get round this by opening several smaller trades, rather than one big one, so that they can close smaller proportions of their overall holdings in an asset should they want to.... Hope that helps - sorry for the late reply, I've been away.
2021 here and it’s now changed to anything above $30 will have a $5 fee which seems good.
I use etoro, since 2015 and the only thing shit is their trading tools on their platform :(
Do you mean the tools available on their charts?
Social Trading Vlog yes that’s what I meant, especially the Fibonacci tool, it’s way beyond a joke, that’s why I use tradingview to do all my analysis nd only use etoro to execute my trades
Etoro does take commissions if you are operating in a weekend or if you trade at night. You just have to read the small sentences below everything
There are overnight and weekend fees on all leveraged trades, or 'Short' trades (when you're betting the value will go down and wanting to make money as it does)... For the most accurate information (it changes) you can go to their fees page in their halp section and you'll see it all outlined there.
obviously from experience, working with investment groups, you study or work with information the organization is interested in, Etoro does not openly provide information. Like universities, they provide books of information they will ask questions, later on, Etoro does not do this, if Etoro is there to help with work, it is illegal for people who withhold information that will help someone do their job better.
I am wondering why would you quit etoro when etoro seems to be good at what its doing?
Hey, I want to start trading mainly on crypto-currencies to start off with, I have had a look at a few platforms like Etoro, Plus500, Poloniex, Markets.com, etc. However, I am struggling to decide which one would be better. I have no experience on trading whatsoever, a complete newbie, but interested in starting my journey. What platform would you recommend and any advice?
Hi there - well when I started it was because I'd been watching videos about algorithmic high frequency trading and thought "Wow, that's amazing, I wonder if someone out there would let me use their bot!" so I went off looking to see if websites existed which facilitated this and I found copytrading and Etoro. I wanted to use bots as i knew nothing except that the people who were trading seemed to be making a ton of money and know things I didn't... So really I got into this not to learn to trade, but to be able to benefit from other people's genius :) Now I've started learning to trade, but it's still copytrading which I'm most impressed by as a feature, and from what I can see Etoro is winning on that oe - although if you've found a better copytrading site please let me know. There are problems with Etoro - if you're manually trading as a noob, then it's a bit dangerous on Etoro at the moment, to be honest as they've raised their minimum trade sizes and that has a downside - I made a video about it - th-cam.com/video/yZNrUTMpbS8/w-d-xo.html
But, copytrading does bypass a lot of those risks, so I'm still good with it all.
As for wanting to primarily trade cryptos - I only really have experience with them on Etoro, and there are limitations - there are only 7 on there, so the range isn't that good, and also you can't store them in your own private "Wallet" which means that you can't transfer them into another crypto exchange and trade them for other cryptos which you might want more. You can do that on the other crypto exchanges like Bittrex or Bitfinnex, or Poloniex or whatever (I signed up for 20 last week as I'm studying arbitrage a little - with little success). On etoro you buy the cryptos (which used to be CFDs of cryptos but are now real cryptos) and if you close your trades it just returns the dollar amount to your available balance to be put into other trades or withdrawn. I also can't get much info on which "3rd Party" they're actually storing our sryptos with, so although they assure me they're very safe and they'd never want us to be out of money should there be a hacking attempt on the 3rd party who's storing them or whatever, I can't totally vouch for the safety of the service they provide - but, then again, nor can i say the pure crypto exchanges are any safer or offer any greater guarantees.
I do use Etoro (the site I'm by far most familiar with) to trade cryptos, although now I'm mainly even doing that by copying traders who trade cryptos constantly, so I don't have to watch and can benefit from their skill and knowledge of them). I am, however, learning how to use all the other major crypto exchanges, so I'd say that's a good thing to look into. As for the markets site - I have no experience with that, and plus500 - I've heard you can use leverage on cryptos on that one so I think I'll check it out - I just haven't got round to it yet....
Not the most comprehensive experience, but hope it helps a little :)
Every single trader I tried to copy trade says not available in your country
Where are you from? Is it America?
just i want to know, if I put 10 euro, at least i have a guarantee, i get 5 euro every month ?
That would be a 50% gain monthly... That would be an incredible return, and if it could be relied upon, the whole world would invest in whatever was giving that return :)
@tom keep your eye on Etoro’s announcements today to all the Dutch users with Crypto positions. The company has not obtained the correct licenses with the Dutch Bank, so will be closing all trades at some point in January.
Many will suffer from this poor decision and how badly it has been communicated.
Finally, now I understand what spread fee is, thank you 🙏
Glad it helped a little :)
The good news is, since this video has been made, eToro has reduced it's withdraw fees.
Withdrawal Amount (USD) Fee (USD)
50.00 + 5
Yep, down to $5 which is good :)
Is it only 5$ to withdraw now?
I have made a withdrawal on 3 Jan 2018. I only received my initial investment fund. Then the rest I was told to be sent by wire transfer.... but until today I have not received it. And I tried to open ticket in customer service... you know what.... it’s computer standard reply... keep shitting all the same thing... then i was received an email say that if the fund transfer by wire transfer got problem then it’s out of their business... I said WHAT THE FUCk is this!! Are they trying to run away from responsibility?... anyone can help me
Hey - sorry for the late reply! Did you get this sorted out?
lol love this vlog!! It made me laugh. I know I felt the same way when I first wanted to join, I was so scared. You gave me the confidence to join it - I watched your vlogs 2 months ago. Thank you!! :-) I love eToro and the community, I am learning so much about trading. Keep the vlogs coming!! We need people like you to give newbies out there the confidence to join too.
Thanks so much Lala :) Hope it's all going really well!
You're welcome Thomas, I am really enjoying watching your vlogs! I'm slowly making my way though them all. I started watching right from the beginning! Currently watching your fourth vlog as I write this!
Yes thanks - trading going well, I am learning so much!! It's challenging and fun.
When I first joined eToro (after practising for 2 months in virtual before joining the real account) I wasn't going to trade myself, and just copy the PI traders, but I couldn't help myself! haha I just love "the game".
I love trading myself now, and learning about candle stick trading, stochastic analysis, and I'm learning a lot from my traders, they're so great and always happy to give me investment and trading help.
My investment portfolio is now my own trades, and my 5 top traders I spent 2 months analysing and testing in the Virtual account.
I can't wait for the market to open tomorrow and the FX market to open tonight! haha Weekends are now "oh the market is closed bummer" haha. And so then I focus on my crypto trades since that's the only market open at the weekend. I've become a junkie trader lol. I need my fix haha. I totally get it now when they say "it's not about the money, it's about the game" Wallstreet - Michael Douglas haha. I finally understand what going short is! It's not until you actually do trading that you get all the vocab. When I watched The Big Short, the financial terms totally went over my head, now I get all the financial terms and it's so cool!
Sorry just written an essay :) Catch you on the inside!
hehehe. Yeah, it's totally addictive :) Jay's live streaming is really useful actually, although he's off doing a Gaming convention in Germany this week so won't be doing another until the 29th I believe (there's also a discord channel now too where there's constant chat). The Big Short was a brilliant film!
Yes I agree, I've watched a few of his streaming videos - they're really helpful, learning a lot about cryptos from him. haha yes, I love that film!!