Your selected share trading
eToro is a global social trading and investment platform that has transformed how people approach investing since its founding in 2007. By combining traditional trading tools with innovative social features, eToro has created an engaging platform where over 35 million registered users worldwide can learn from and collaborate while building their investment portfolios.
As a regulated platform under ASIC supervision, eToro is a well-established provider.
Social trading features including CopyTrader functionality
Access to 20 global stock exchanges
Fractional share investing is available
Diverse range of assets including stocks, ETFs, and cryptocurrencies
USD is the base currency, requiring currency conversion fees
$10 monthly inactivity fee after 12 months
eToro brings a social trading approach to trading with features like CopyTrader which lets you automatically copy what successful traders are doing. This makes it perfect if you're new to trading or want to try different investment strategies without making all the decisions yourself.
Regarding investing options, you can trade stocks from 20 different global exchanges. This means you can mix Australian and international shares in your portfolio to spread your investments. One of the most helpful features is that you can buy parts of shares instead of whole ones, making investing in expensive stocks with less money much easier.
One thing to keep in mind: eToro doesn't use the CHESS sponsorship system that many Australian platforms use. Instead, they hold your shares in a custodial account. While this means you won't have your own HIN, you're still protected since eToro is regulated by ASIC and has strong security measures in place.
5000+ stocks and 19 exchanges all on the eToro app. Invest in ETFs with $0 commission and stocks with just US$2 per trade. Join the world’s leading social trading platform, trusted by 30+ million users worldwide.
Your selected share trading
Yes, eToro is regulated by the Australian Securities and Investments Commission (ASIC) and adheres to strict financial service regulations.
Yes, eToro allows users to trade multiple cryptocurrencies.
Commission fees can vary between providers and may be subject to change. eToro shares have a flat $2 commission fee which is relatively low in comparison to other providers.
Pros: Commission-free trading which I have not found elsewhere. I can 'copy' the trades of a fellow high performing trader - all trades they make are copied in my portfolio. I can also invest in an industry fund in a similar manner. I can buy fractional shares, meaning I can buy a portion of one share of a company who has a high per share cost, I receive dividends, and I can trade on multiple global exchanges. One of the beneficial aspects of eToro is receiving interest on any cash in the eToro account (i.e. that's not invested) at interest rates that far exceed what banks offer. Cons: Some ETFs and other stocks I want to invest in are not available, but that is a small price to pay compared to all its other features. I'm in a higher 'Club tier' which comes with a personally assigned eToro advisor, but I have found they are not quick to respond to my inquiries, and sometimes have not responded at all. This experience has been up and down depending on who the advisor is (as it has changed a few times over the years).
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