Security, Usability, Look & Feel - Our eToro review for Australia
The eToro crypto service would not be complete without security measures being put in place to protect their customers’ data while the service is being used. eToro directly confronts the issue of security in their ‘Avoid Scams’ section and give tips to users which help them remain safe when transacting. The funds of eToro’s clients are kept within tier 1 banks and all data that is trafficked on the site is protected by SSL encryption. Always be sure to confirm the https:// is before the web URL you are visiting to know that your data is safe.
eToro Highlights
- Great for novice traders
- A variety of trading options
- Established in 2006
The website itself is very well designed, the sleek, modern white and green colour scheme make the page attractive and easy to read. The layout is very intuitive and all the relevant information can be sought out with ease. The header bar makes the webpage easy to navigate by providing links to all the relevant sections of their service. All the media on the site is also very well optimised which allows the page to load very quickly on just about any device. The website is mobile friendly and also comes in a variety of supported languages. To compare this with another big hitter within the industry, head to our
FXOpen crypto
page.
How To Trade – Our eToro crypto trading tips
eToro crypto Australia is a growing market and knowing exactly how to trade with this online broker is crucial for your trading career to be a success. Our team of experts have taken a look at the entire process themselves and put together this section of the article to share their findings. Firstly, you will need to open an eToro crypto account, this can be done by clicking the ‘SIGN UP’ button in the top right of the screen. Your personal data will then need to be inserted and the terms and conditions double checked. You will then need to agree to these terms and conditions and complete your account creation by clicking the sign up button.
Accounts will then need to provide confirmation of residence and a questionnaire will need to be filled out which will cater the entire service offer to your needs. Identity verification is then required before any account can transact within the service. This can usually be done with a passport or national ID card. You will then need to wait until the verification process is complete and determine which payment method you will be using to transact with eToro. The guidelines listed on the eToro website should be followed closely when opening a new account. Once you have made use of one of the many payment methods available, you will have funds within your account to trade as you see fit. Be sure to head to our
XM.com review
to see just how their process compares to eToro’s.
| Company |
eToro Ltd |
| Headquarter |
24th floor, One Canada Square, Canary Wharf London, E14 5AB, United Kingdom |
| Year of Founding |
2007 |
| CEO |
Yoni Assia |
| Website |
www.etoro.com |
| Available Languages |
English, German, French, Italian, Spanish, Russian, Polish, Dutch, Swedish, Danish, Portuguese, Norwegian, Romanian, Finnish |
| Customer Support |
Live Chat |
| Email |
– |
| Phone |
– |
| Licence |
31000204884179 |
 |
| Verified by |
Information Security Management (ISO 27001) |
 |
| Payment Methods |
|
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Payments - What payment options are available at eToro?
Having a great service on offer is one thing, but you will need to have your preferred payment method supported if you plan on using the service. Our eToro crypto review found that you will have a wealth of options when you have made your mind up to buy some eToro Bitcoin. Any customer will be able to fund their account with the traditional credit/debit card options. There is also great support for ewallets such as PayPal, Neteller and Skrill. Bank transfers can also be made, but this will have a processing time before the funds are made available.
With the credit and debit card options, your funds will be processed instantly and the maximum deposit you can make will be $40 000. The ewallets all have a $10 000 limit and are also processed instantly. Bank transfers can take anywhere between 4 and 7 days, but there is no limit set on the amount that you can deposit with this amount. All of these payment methods are also supported for withdrawals.
Customer Service - A choice of support options at eToro AU
If you are looking to begin eToro crypto trading, you will have to ensure that there is a customer service team available to assist you with any queries you may have. Fortunately, eToro has one of the best customer service centers out there and you will manage to receive help very quickly. For customers based within countries where eToro has offices, you will be able to phone the offices and receive direct support. If you are looking to have a query answered online, you may lodge a ticket on the eToro website and this should be addressed by a representative as soon as possible.
Unfortunately, there was no live chat option available which would have made short queries a breeze, but there is a contact email address and physical address if you want to make contact in a more traditional method. The customer service team was found to be efficient and friendly and any customers can transact with peace of mind knowing this service is behind them. Head to our
IG crypto review
to take a look at another customer service offer.
License & Security - A fully-licensed crypto provider
Trading eToro cryptocurrency may seem scary at first but once the specifics of the license and the relevant security methods have been taken a look at, any potential customer will see that it is fairly unlikely for their data or funds to be stolen. As mentioned before, all customer funds are held within tier 1 bank accounts and their data is protected by SSL encryption. This is an industry standard and you will find similar methods being put in place by just about every online operator on the market.
eToro also has the relevant license from the Australian Securities and Investments Commission which allows them to operate legally within Australia. They will also need to adhere to strict regulations and rules in order to maintain their license status. These two facts should set any mind at ease when transacting with eToro.
Reputation and Customer Feedback – Positive feedback from eToro reviews
Our eToro review 2024 found that the online operator boasts an impressive reputation within the online trading community. eToro manages to be in the press often and the majority of releases have been positive. These publications include the likes of CNBC and TechCrunch. There is also support available to customers throughout the day and there may be some negative reviews but for the most part, the service seems to be world-class.
Overall Conclusion - A quality AU brokerage for cryptocurrency
eToro has managed all that it set out to accomplish. It has disrupted the reliance on traditional financial institutions and allows customers from anywhere to have the ability to trade as they please if they meet the terms and conditions of the service. All the boxes seem to be checked with eToro and the only minor disappointment that our team managed to find was that the entire service is offered with only one currency option. This is definitely not reason enough to rank the operator negatively and any interested customer will certainly not be disappointed with what is on offer.
Highlights
- No commission taken on stocks
- CopyTrader feature
- Stock investing
