eToro referral bonus provides mutual benefits for you and your friends. Depending on where you come from, you can get a reward starting from $30.
Among countless brokers, eToro is quite well known. This famous brokerage is best known for its various features, particularly in the sphere of copy trading. But this isn't the only thing you might like about this broker.
eToro also comes with a referral bonus that allows you to get a reward from $30 up to $50. Like any other broker referral program, this eToro bonus also has a set of terms and conditions you must meet to get the rewards.
What else should you know about this exciting program?
eToro Referral Bonus, How Does It Work?
A broker referral bonus is a promotional incentive offered by brokerage firms to their existing clients as a reward for introducing new clients to the broker's services.
When an existing client refers someone to open an account and trade with the brokerage, the referrer (existing client) and the referred individual may receive a broker bonus or reward.
eToro offers attractive referral bonuses to its US and UK clients. When a US client invites friends to join the eToro platform, both sides would earn a $30 bonus each. However, the invited person must verify their account and make a minimum deposit of $100 to qualify.
In the UK, the rewards are even more enticing. Every new client invited through a referral link receives a generous $50 reward. The best part is that the existing clients can invite up to 10 people and earn rewards for each successful referral. eToro will also credit the referred friend's real account with $30.
Where to Find the Information on the Official Broker Site?
- This information is reported per Jul 31 2023.
- We can not ensure if this offering is still available or remain the same in future.
- The broker announcement page may or may not exist anymore, You may explore eToro homepage and try to find "Promotion" section on the menu, footer, etc, to ensure the availability and validity of this promotion.
How to Get eToro Referral Bonus
This bonus is available for UK and US clients, so you must apply to this bonus according to your region. If you are an eToro US client, follow the steps below:
- Click on the referral link provided on the eToro official website.
- Ensure you reside in one of the eligible states.
- Invite new clients with your referral link.
- Ensure your friend deposits at least $100 in their newly made eToro account.
- You will get $30 for each referred friend you invite. Note that the rewards might take up to 15 days to be processed.
- The more friends you invite, the more bonus you can get.
Now, if you are an eToro UK client, you need to follow the steps below:
- First, make sure you already have an existing account. If not, you can open a live account first.
- Click "Refer a Friend" and utilize your unique link to invite a friend!
- Once your referred friend completes trades worth $100, you will receive a $50 reward.
eToro Referral Bonus Key Terms
To make sure you and your friends get the best experience from the eToro Referral Bonus, make sure that you follow all the rules. Here are some terms and conditions regarding this program:
- You have to be an eToro client.
- You have made a cash deposit in your eToro account or plan to deposit within 30 days of your referred friend registering their eToro account.
- Your referred friend should be a NEW eToro customer. That means they must not have registered with eToro's websites or mobile apps before the referral.
- Within 30 calendar days of first clicking the "Refer a Friend" link, they must have completed their registration with eToro and made a first-time cash deposit according to the rules.
- Your referred friends must be residents of one of the Eligible States listed for the eToro Referral bonus.
- The reward amounts can be withdrawn based on the provisions of eToro's terms and conditions that apply to all users of the eToro platform, including promotion participants.
Maximize Your eToro Referral Bonus With These Steps
- Understand the referral program terms: Familiarize yourself with eToro's terms and conditions. Know how the referral bonus is calculated, the eligibility criteria, and any specific requirements you need to meet.
- Encourage active trading: Encourage the people you refer to actively trade with the broker. eToro offers bonuses based on the trading activity of your referrals, so the more they trade, the more you can earn.
- Educate your referrals: Help your referrals understand the benefits of using the broker's services. Provide them with information about the broker's features, trading platforms, and other advantages.
- Follow the rules: Ensure you and your referrals adhere to the broker's terms and conditions. Violating the rules may lead to disqualification from the referral program and loss of potential bonuses.
eToro established in early 2007, with a mission to make trading accessible to anyone, anywhere, and reduce dependency on traditional financial institutions. The company has head offices in the United Kingdom, Cyprus, USA, and Australia.
eToro (Europe) Ltd operates as a Financial Services Company authorized and regulated by the Cyprus Securities Exchange Commission (CySEC) under license no. #109/10. Meanwhile, eToro (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) under the license FRN 583263.
As for eToro AUS Capital Pty Ltd, the legal standing is acknowledged by the Australian Securities and Investments Commission (ASIC) to provide financial services under Australian Financial Services License 491139.
A broker that belongs to the 4-digit type, eToro offers both short-term options for day traders and long-term options for investors, such as their innovative Smart Portfolios, a fully managed thematic portfolio.
Since 2007, eToro has been at the forefront of the Fintech revolution. The most recent was launched in 2017, which is Smart Portfolios powered by Machine learning Al. Beyond developing Smart Portfolios, the company integrated Microsoft's machine learning technology into Momentum DD.
The new Smart Portfolios investment strategy uses artificial intelligence to find the steadiest traders who are most likely to generate a double-digit return and bundle traders into one fully-managed portfolio. eToro has hundreds of financial assets for trading across several categories including stocks, commodities, crypto assets, currencies, indices, and ETFs. Each asset class has characteristics and can be traded using a variety of investment strategies.
Some positions on eToro involve ownership of underlying assets, such as non-leveraged positions on stocks and cryptos. Employing CFDs will enable a variety of options, such as leveraged trades, short (sell) positions, fractional ownership, and more. For example, traders can invest as little as USD100 in gold, even if a single unit of gold cost USD1,000. Some of eToro's most popular CFD commodities include gold, oil, natural gas, silver, and platinum.
Currencies are traded on eToro only as CFDs. Also, CFDs enable Sell (short) positions and leveraged trade, even for assets that don't offer the option in traditional trading. Some of the popular currencies include EUR/USD, GBP/USD, AUD/USD, USD/JPY, and USD/CAD.
Furthermore, An Exchange-Traded Fund (ETF) is a financial instrument comprising several assets grouped to serve as one tradable fund. After opening an account in eToro, traders can invest as little as USD250 in an ETF that costs USD500. Some of the popular ETFs on eToro include SPY, VXXB, TLT, and HMMJ.
However, eToro also offers additional functions using CFD trading. All leveraged ETF positions in the UK are under FCA regulations. Meanwhile, all CFD positions executed by eToro Australia are under ASIC regulations.
The company has other advantages. In all financial assets that can be traded, eToro does not charge any deposit or trading frees other than spreads.
eToro charges a USD25 fee for withdrawals and the minimum withdrawal amount is USD50. Long (Buy), non-leveraged crypto, stock, and ETF positions are not executed as CFDs and do not incur any fees. eToro does charge overnight or weekend fees for CFDs positions, such as leveraged positions and short (sell) orders.
Fee updates always apply to open positions. Fees are subject to change at any given time and could change daily, without prior notice, depending on market conditions.
As a beginner, trader can use CopyTrading eToro. Different from the features of other brokers, traders can copy the strategies of professional traders without fee or profit-sharing. Therefore, 100% profit is fully owned by traders. For example, while trader A who is copied by trader B, produces a profit of 10% this month, then trader B also gets a profit of 10%.
The company is the world's leading social trading network. Since eToro operates in complete transparency, each trader has valuable information on their eToro profiles, so other traders that are interested to copy their trades can have assistance in creating their best portfolios.
Another feature that is unique to eToro is the personalized, social News Feed. Just like on any social media, traders can post their updates on feed, comment on other's posts, and gradually create a feed that is tailor-fitted to trader's trading and investing interests. On eToro social trading platform, traders will also get notifications when a trader writes a new post and many other important updates.
eToro is a popular online brokerage that has been around since 2007. The platform is well known for its breakthrough in copy trading that enables users to interact, follow, and even automatically copy the trading strategies of successful investors or traders in real-time.