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Etoro review

eToro Review

Overall, eToro is considered low-risk, with an overall Trust Score of 93 out of 100. eToro is licensed by four Tier-1 Regulators (high trust), one Tier-2 Regulator (average trust), and one Tier-3 Regulator (low trust). eToro offers a single trading account with the option of a Retail or Professional setting. eToro is currently not regulated by the bank of Namibia

Updated : July 6, 2022

Jump to:

Regulation and Safety of Funds

Account Types and Features

Account Registration

Trading Platforms

Range of Markets

Fees

Deposits and Withdrawals

Education and Research

Affiliate Program

Final Verdict

Pros and Cons

FAQ

Overall Rating

Min Deposit

USD 50 / 3,100 NAD

Regulators

CySec, FCA 

Trading Desk

None

Crypto

Yes

Total Pairs

47

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.

eToro Overview

👉 eToro was founded in 2007 and now has over 20 million members in 140 countries. eToro has won several awards for its simple copy-trading platform, which enables participants to mimic the actions of expert investors – or earn unique incentives for sharing their own trading strategies.

 

👉 eToro provides a complete, but costly, trading experience with over 3,000 tradeable symbols, including CFDs, FX, and exchange-traded securities. eToro is the biggest social trading broker in the industry, having invented the first social trading system.

 

👉 The one-of-a-kind online trader platform fully supports eToro’s CopyTrader and CopyPortfolios social trading systems, which are at the heart of the company’s products.

 

👉 This eToro review for Namibia will provide local retail traders with the details that they need to consider whether eToro is suited to their unique trading objectives and needs.

 

👉 eToro accepts Namibian clients and has an average spread from 1 pip with zero commission charges. eToro has a maximum leverage ratio up to 1:30 (retail) and 1:400 (Pro), and there is a demo and Islamic account available.

 

👉 The eToro proprietary platforms are supported on web browsers and mobile devices. eToro is headquartered in Tel Aviv-Yafo, Israel and is regulated by CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, and SIPC.

 

eToro Distribution of Traders

eToro Distribution of Traders Namibia

 

👉 eToro currently has the largest market share in these countries:

➡️ United Kingdom – 15.2%

➡️ Italy – 14.2%

➡️ Germany – 9%

➡️ Spain – 8.9%

➡️ France – 8.2%

 

Popularity among traders who choose eToro

🥇 While eToro does not occupy a large share of the Namibian derivatives market, it is still one of the Top 30 brokers for Namibian traders, especially those who participate in social trading.

 

eToro At a Glance

🏛️ HeadquarteredTel Aviv-Yafo, Israel
🏛️ Local office in Windhoek?No
👍 Accepts Namibian Traders?Yes
📅 Year Founded2007
📱 Namibian Office Contact NumberNone
⚖️ RegulationCySEC, FCA, ASIC, FinCEN, FINRA, SIPC, DNB, FSA
🔎 License Number Cyprus – 109/10

United Kingdom – 583263

Australia – 491139

Seychelles – SD076
⚖️ BoN RegulationNone
✴️ Regional RestrictionsCanada, Japan, Brazil, Turkey, North Korea, Iran, Cuba, Albania, Serbia, Sudan, and Syria
☪️ Islamic AccountYes
📈 Demo AccountYes
📈 Retail Investor Accounts1 Retail and 1 Professional, with several trading opportunities
📊 PAMM AccountsNone
📊 Liquidity ProvidersNone indicated
💰 Affiliate ProgramYes
📊 Crypto trading offered?Yes
🚀 Offers a Namibian Account?No
💻 Dedicated Namibian Account Manager?No
📈 Maximum Leverage1:30 (Retail), 1:400 (Professional)
📈 Leverage Restrictions for Namibia?No
💳 Minimum Deposit (NAD)3,100 NAD or an equivalent to $200
💳 Namibian Dollar Deposits Allowed?No, only USD, GBP, EUR, and AUD
💰 Active Namibian Trader Stats150,000+
💰 Namibia Daily Forex TurnoverUnknown, overall Forex Daily Trading Volume is over $6.6 Trillion
💳 Deposit and Withdrawal OptionsCredit Card
Debit Card
PayPal
Neteller
Skrill
Rapid Transfer
iDEAL
Klarna/Sofort Banking
Bank Transfer
Online Banking – Trustly (EU)
POLi
💰 Segregated Accounts with Namibian Banks?No
💻 Trading PlatformseToro proprietary trading app and web platform
💰 Tradable AssetsForex Pairs
Commodities
Exchange-traded funds (ETFs)
Indices
Crypto Assets
Stocks
🌐 Offers USD/NAD currency pair?No
🌐 USD/NAD Average SpreadN/A
📈 Offers Namibian Stocks and CFDsNo
👨‍💼 Languages supported on WebsiteEnglish, Italian, German, Russian, Simplified Chinese, Traditional Chinese, French, Arabic, Polish, German
👥 Customer Support LanguagesMultilingual
👥 Customer Service Hours24/6
👥 Namibian-based customer support?No
💰 Bonuses and Promotions for NamibianYes
✴️ Education for Namibian beginnersYes
📊 Proprietary trading softwareYes
💰 Most Successful Namibian TraderMichael Amushelelo (Net Worth Unknown)
✔️ Is eToro a safe broker for Namibians?Yes
✔️ Rating for eToro Namibia8/10
✔️ Trust score for eToro Namibia93%
👉 Open Account👉 Open Account

eToro Regulation and Safety of Funds

eToro Regulation and Safety of Funds Namibia

 

eToro Regulation in Namibia

👉 eToro is globally regulated but does not currently hold licenses within Namibia with the local market regulator, the Bank of Namibia (BoN).

 

eToro Global Regulations

👉 eToro’s brokerage service is provided through several different global entities, including:

➡️ eToro (Europe) Ltd is a Cyprus-based business incorporated under the number 200585 and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 109/10.

➡️ The Financial Conduct Authority (FCA) oversees, authorizes, and regulates eToro UK Ltd in the United Kingdom, with reference number 583263 and business registration number 07973792.

➡️ eToro AUS Capital Limited is licensed and authorized to offer financial services and products to traders in Australia. The Australian Securities and Investments Commission (ASIC) regulates eToro under AFSL number 491139 and ABN 66 612 791 803, a license that has been in effect since 2017.

➡️ In the Netherlands, eToro (Europe) Ltd. is an entity that is registered with De Nederlandsche Bank N.V. (DBN) as a cryptocurrency trading service provider.

➡️ In the United States, eToro USA LLC is a Money Services business registered with FinCEN. Furthermore, eToro USA Securities, Inc. is a Financial Industry Regulatory Authority member (FINRA). This gives eToro USA the necessary authorization and permission to provide a wide range of services to consumers in the United States.

➡️ eToro USA LLC is also a member of the Securities Investor Protection Corporation (SIPC) and is registered with the Financial Crimes Enforcement Network (FinCEN) as a Money Services Business in the United States.

➡️ In Seychelles, eToro (Seychelles) Limited is a licensed entity authorized to operate a registered managed investment scheme under license SD076 from the Seychelles Financial Securities Authority (FSA).

➡️ Gleneagle Asset Management Ltd (GAML) is a licensed entity authorized to operate a registered managed investment scheme under license SD076 from the Seychelles Financial Securities Authority (FSA). GAML is the operator of the eToro Service, which is provided by eToro Australia and is licensed by the Australian Securities and Investments Commission under the number ARSN 637 489 466.

 

eToro Client Fund Security and Safety Features

👉 eToro takes all necessary precautions to guarantee the safety and security of customer monies placed into trading accounts.

 

👉 eToro utilizes the most current cyber security methods to secure your personal information. Client monies are kept separate from the company’s own funds with tier 1 European banks.

 

👉 The Financial Services Compensation Scheme (FSCS) protects investors in the case of a broker’s insolvency or liquidation. eToro is also a member of the Cyprus Investor Compensation Fund (ICF), which offers investors up to €20,000 in compensation for claims against the company’s services and products.

 

eToro Awards and Recognition

👉 eToro has won several honours for its unique platform and has been recognized as a global leader in the financial technology business. However, its awards and recognition are not indicated on the official eToro website currently.

eToro Account Types and Features

eToro Account types Namibia

 

👉 eToro has a single account type that is appropriate for both novice and experienced traders. Because of the modest minimum deposit requirements and trading charges, eToro’s account is more suited to beginners than more experienced traders.

 

👉 Furthermore, eToro’s innovative social trading platform is simple to use and offers a variety of good copy trading capabilities, making it appealing to new traders.

 

👉 Other brokers provide a variety of accounts for novices with lower minimum deposits and, in certain cases, the ability to trade in micro-lots. eToro has a single real account and a demo account, while the eToro Club provides incentive levels with increasing minimum investments.

 

Live AccountMinimum DepAverage SpreadCommissionsAverage Trading Cost
Standard3,100 NAD or $1001 pipNone, spread only10 USD

 

eToro Live Trading Account Details

Retail Account

👉 Traders with a Retail Account get access to more than 2,000 financial products as well as the eToro trading platform. Traders who register an account with eToro have the choice of trading manually or via copy trading.

 

👉 Because of the strict limits set by MiFID and other market regulators, the Retail Account only permits up to 1:30 leverage, which protects traders from certain risks.

 

👉 Retail traders should check to see whether they are covered by the Investor Compensation Fund and if their retail account is protected against negative balances. Traders must deposit a minimum of 3,100 Namibian Dollars to start a retail account.

 

👉 Smart Portfolios, an innovative and distinctive approach to personal investing, present eToro clients with a comprehensive range of investment options.

 

👉 As part of a comprehensive and popular investing program, investors can choose from fully allocated and balanced portfolios that focus on accessible and easily understandable market regions.

 

👉 Anyone can enter the financial markets and become a more seasoned trader thanks to eToro’s industry-leading CopyTrader technology. The most copied traders will make an average yearly profit of more than 83.7% in 2021.

 

👉 There are no administrative charges and a transparent price structure with no hidden costs when traders use eToro’s copy trading products.

 

👉 Another unique feature offered by eToro involves the ability to stake crypto tokens, allowing Namibians to earn interest when they provide liquidity to different blockchain projects.

 

Professional Account

👉 To be recognized as a professional trader, eToro requires all aspiring traders to complete a test that determines their long-term viability and account eligibility.

 

👉 Professional traders who join eToro must acknowledge that the European Securities and Markets Authority (ESMA) has set a few strict requirements.

 

👉 This includes eligibility for the Investor Compensation Fund along with recourse that can be obtained from the Financial Ombudsman Service. Namibian traders must meet at least two of the following three requirements to be considered professionals:

➡️ Their professional portfolio, excluding real estate and cash, must be worth more than $500,000.

➡️ The trader must have a verified trading history that shows they have traded substantial position sizes as decided by eToro.

➡️ The trader may have previous professional expertise in the financial industry, such as speculation, derivatives, and/or trading.

 

👉 While other online brokers have removed professional traders’ negative balance protection, eToro continues to protect professional traders in the event of a negative balance owing to market conditions.

 

👉 If a skilled trader’s account goes into negative territory, it will be rebalanced, and eToro will absorb the loss.

 

👉 Increased leverage up to 1:400 and reduced margin rates help professional traders. Professional traders, regardless of their level of expertise, are advised to utilize effective risk management procedures to decrease the degree of risk associated with a loss.

 

eToro Club

👉 Traders may join the eToro Club with a larger minimum deposit, even though there is only one account type.

 

👉 Customers can use a variety of services and tools, depending on their membership level, to improve their knowledge and understanding of the capital markets and different investment options, such as stocks, cryptocurrency, Smart Portfolios, and more.

 

👉 The realized equity of traders (as of midnight GMT each day) determines eToro Club membership. You will be automatically admitted if you fulfil the equity threshold, and your club tier will change the next day.

 

👉 The following are the levels that Namibians may expect:

➡️ Silver – 78,0000 NAD ($5,000)

➡️ Gold – 156,000 NAD ($10,000)

➡️ Platinum – 390,000 NAD ($25,000)

➡️ Platinum+ – 780,000 NAD ($50,000)

➡️ Diamond – 3,900,000 NAD ($250,000)

 

👉 In addition, you will be a member of the eToro Club if you achieve and maintain the minimum equity criteria. If your equity falls below the minimum, you will be able to keep your present membership status for three (3) full calendar months as a courtesy.

 

👉 Depending on the equity criteria of each tier, you can shift between them throughout your Club membership.

 

👉 However, you must consider that if you downgrade to a tier that is not qualified for that tier, you will lose any subscriptions, services, or other offers you have. In addition, tier eligibility is revised at the start of each calendar month.

 

eToro Base Account Currencies

👉 eToro only offers USD as a base account currency when traders register a live trading account. In addition, when accounts are denominated in other currencies, there is a currency conversion fee of 50 pips applied to deposits and 50 pips to withdrawals, which is exceedingly high when compared to other brokers.

 

eToro Demo Account

eToro Demo Account Namibia

 

👉 A demo account is a practice account that provides traders with a certain quantity of virtual dollars to utilize, enabling them to trade in the real market without risking their own money.

 

👉 When trading in financial markets, there is a level of risk involved, and eToro provides its customers with a risk-free platform where they can test methods, practice trading, and learn more about the broker in a secure trading environment with genuine market circumstances.

 

👉 eToro offers a $100,000 virtual balance demo account that allows users to practice trading a range of assets. Beginner traders may use the trial account to learn about the markets, mimic the trading strategies of top-performing investors, and more.

 

👉 Advanced traders can practice trading without putting their own money at risk, allowing them to smoothly graduate to a real trading account.

 

eToro Islamic Account

eToro Islamic Account Namibia

 

👉 The spot market is where currencies and commodities are exchanged for 24 hours. All open positions are rolled over for the following 24 hours at 5 pm New York time, and the daily interest is added to the company’s accounts every 24 hours.

 

👉 This means that the broker can either pay the interest or charge the fees to the client’s account. With an Islamic account, eToro ensures that there is no Riba at any time throughout the contract’s term.

 

👉 All open deals in the currency market will be automatically rolled over if you do not close the trade by 5 pm New York time. However, because of usurious interest being levied for the rollover, this causes an issue for individuals who follow Islamic law.

 

👉 The answer is to provide an Islamic account with the following characteristics and advantages for Muslim traders:

➡️ There is no interest on contracts that continue longer than 24 hours, and there is always no rollover interest.

➡️ For contracts lasting more than 24 hours, eToro does not charge any extra rollover fees.

➡️ For account administration, eToro does not charge any commissions or fees. Spreads are the only source of income for us (the difference between the buy and sell prices of an instrument).

➡️ Interest-free leveraging is available with an eToro Islamic account.

Overall Rating

Min Deposit

USD 50 / 3,100 NAD

Regulators

CySec, FCA 

Trading Desk

None

Crypto

Yes

Total Pairs

47

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.

How to open an Account with eToro in Namibia

eToro Account Registration Namibia

 

👉 To register a retail account with eToro, Namibian traders can follow these steps:

➡️ Namibian traders cab establish an account on the official eToro website by selecting “Join Now” or “Trade Now”.

➡️ Traders must fill out an application form that will require personal information, contact details, residential address, employment information and source of funds.

➡️ Before applying, traders must read and agree to the Terms & Conditions.

➡️ Before an account can be approved, all customers must go through the Know Your Client (KYC) procedure, which requires them to provide documentation proving their residency and identity.

➡️ Traders must also complete a questionnaire to determine their level of skill and competency, allowing eToro to customize service packages for each trader.

 

👉 To open an Islamic account, Muslim traders can:

➡️ Complete the registration for a live trading account as indicated above.

➡️ Deposit at least 15,000 NAD ($1,000) into the account.

➡️ Contact eToro’s customer support for an account conversion.

eToro Vs FBS Vs Capital.com – Broker Comparison

🥇 eToro🥈 FBS🥉 Capital.com
⚖️ RegulationCySEC, FCA, ASIC, FinCEN, FINRA, SIPC, DNB, FSAIFSC, CySECFCA, ASIC, CySEC, NBRB, FSA
📱 Trading Platform• eToro proprietary platform
• MetaTrader 4
• MetaTrader 5
• FBS Trader
• CopyTrade
• Capital.com
• MetaTrader 4
• TradingView
💰 Withdrawal FeeYesYesNo
📊 Demo AccountYesYesYes
📈 Minimum Deposit3,100 NAD14 NAD303 NAD
📉 Leverage1:30 (Retail)
1:400 (Professional
Up to 1:3000• NBRB – 1:100
• FCA – 1:30
• ASIC/CySEC – 1:30
📊 SpreadFrom 1 pipFrom 0.0 pipsVariable, from 0.6 pips
💰 CommissionsNoneFrom $6None
✴️ Margin Call/Stop-OutNone indicated40% and 20%100%/50%
📱 Order ExecutionMarket/InstantSTP, ECNMarket
💳 No-Deposit BonusNoYesNo
📊 Cent AccountsNoYesNo
📈 Account Types• Retail Account
• Professional Account
• FBS Cent Account
• FBS Micro Account
• FBS Standard Account
• FBS Zero Account
• FBS ECN Account
• FBS Crypto Account
Live Account (Retail or Professional)
⚖️ BoN RegulationNoNoNo
💳 NAD DepositsNoYesYes
📊 NAD AccountNoNoNo
👥 Customer Service Hours24/624/724/7
📊 Retail Investor Accounts161
☪️ Islamic AccountYesYesNo
💰 Minimum Trade Size0.01 lots0.01 lots0.01 lots
📈 Maximum Trade SizeDepends on the instrument and account balance500 lotsDepends on the account balance
📉 Minimum Withdrawal TimeInstant15 to 20 minutes (maximum 48 hours)Instant
⏰ Maximum Estimated Withdrawal TimeUp to 10 Working DaysUp to 7 daysUp to 3 Working Days
💰 Instant Deposits and Instant Withdrawals?YesInstant DepositsYes

eToro Trading Platforms

👉 eToro offers Namibian traders a choice between these trading platforms:

➡️ eToro Web Platform

➡️ eToro Mobile App

 

WebTrader Platforms

eToro WebTrader Platforms Namibia

 

👉 The eToro trading platform is the culmination of their efforts to provide a simple and innovative online trading experience. eToro’s innovative trading technologies stretch across the CopyTraderTM system, the Investor Program, and the CopyPortfolios strategies, amongst other components.

 

👉 eToro offers over 3,000 financial products across a wide range of asset classes, including stocks, bitcoin, and more.

 

👉 Contracts for Difference are used by eToro to enable complex trading features such as leverage and short (or sell) orders, as well as financial assets that are unavailable for trade, such as indices and commodities.

 

👉 With an easy-to-use, straightforward design, eToro’s objective is to make markets accessible to everyone. It featured unique trading tools to help users manage their cash more effectively:

➡️ Virtual Portfolios

➡️ Social Trading

➡️ CopyTrader

➡️ Smart Portfolios

 

Trading App

eToro Trading App Namibia

 

👉 All eToro’s comprehensive and innovative platform capabilities are readily accessible via the eToro mobile trading app, which is available for free on both Android and iOS devices through the respective app stores.

 

👉 You can do anything you do on the website on your mobile device with the eToro trading app, including maintaining your portfolio, following markets, and copying other traders.

 

👉 If they have an internet connection, Namibians can easily and seamlessly trade from a range of devices and places across the globe using mobile trading applications.

 

eToro Range of Markets

👉 Namibian traders can expect the following range of markets from eToro:

➡️ Forex

➡️ Commodities

➡️ ETFs

➡️ Indices

➡️ Cryptocurrencies

➡️ Stocks

Broker Comparison for Range of Markets

🥇 eToro🥈 FBS🥉 Capital.com
➡️️​ ForexYesYesYes
➡️️​ Precious MetalsYesYesNo
➡️️​ ETFsYesNoNo
➡️️​ CFDsYesYesYes
➡️️​ IndicesYesYesYes
➡️️​ StocksYesYesYes
➡️️​ CryptocurrencyYesNoYes
➡️️​ OptionsNoNoNo
➡️️​ EnergiesYesYesYes
➡️️​ BondsNoNoNo

eToro Trading and Non-Trading Fees

eToro Trading and Non-Trading Fees Namibia

 

Spreads

👉 Namibian traders should expect varying spreads that fluctuate depending on the financial instrument being traded and market circumstances on the trading day in question. eToro charges a higher spread to cover the broker’s costs, allowing traders to trade commission-free.

 

👉 The typical spread that Namibians can expect from eToro starts from 1 pip on major financial instruments like EUR/USD.

 

Commissions

👉 eToro only charges the spread, which means that commission fees are not necessary.

 

Overnight Fees, Rollovers, or Swaps

👉 Traders who keep CFD positions open overnight may be charged a fee according to the value of the position. Supply and demand in different financial markets will affect the fees charged/credited.

 

👉 CFD positions that are left open overnight incur a small fee proportionate to the value of the position. It is an overnight interest payment to cover the cost of the leverage you are using. Weekend costs apply to tasks that are still available on the weekend.

 

👉 Subsequently, the weekend rate is four times that of the overnight fee. In addition, weekend charges are charged on Wednesday or Friday, depending on the nature of the asset. The following is an example of what Namibians might anticipate paying:

➡️ The overnight fee on short or sell positions in Euro is 2% + ESTR.

➡️ The overnight fees will be calculated according to the 6.4% + ESTR where EUR is purchased.

 

Deposit and Withdrawal Fees

👉 eToro does not apply any charges when deposits are made into a trading account but applies a $5 withdrawal fee.

 

Inactivity Fees

👉 If a trading account goes dormant after 12 months of inactivity, eToro will apply a monthly inactivity fee of $10. If traders have open positions, the fee will not be taken from these and will only be deducted from the remaining available funds in the trading account.

 

Currency Conversion Fees

👉 When traders deposit or withdraw in any currency other than USD they are charged a 50 pips currency conversion fee on both deposits and withdrawals.

eToro Deposits and Withdrawals

Etoro deposit and withdrawal Namibia

 

👉 eToro offers the following deposit and withdrawal methods:

➡️ Credit Card

➡️ Debit Card

➡️ PayPal

➡️ Neteller

➡️ Skrill

➡️ Rapid Transfer

➡️ iDEAL

➡️ Klarna/Sofort Banking

➡️ Bank Transfer

➡️ Online Banking – Trustly (EU)

➡️ POLi

➡️ Przelewy 24

➡️ eToro Money

 

How to Deposit Funds with EToro

👉 Adding money to your eToro account is simple and quick, whether you use the online or the mobile app. When you deposit in US dollars using eToro Money, you can benefit more as there are no currency conversion fees applied to USD deposits and withdrawals.

 

👉 Furthermore, there are no further costs or fees after you have finished the eToro Money account sign-up procedure. Namibian traders can deposit cash into an eToro account by following these steps:

➡️ Log into your trading account

➡️ Select “Deposit Funds”

➡️ Enter the minimum deposit amount and deposit currency

➡️ Choose the desired transaction method and confirm the deposit by following any extra prompts

 

eToro Fund Withdrawal Process

👉 To withdraw funds from an account with eToro, Namibian traders can follow these steps:

➡️ Log into the trading account

➡️ Choose “Withdraw” as a withdrawal option

➡️ Use the same method as with the initial deposit

 

👉 Traders must remember that they may only take funds from their available balance when withdrawing money from a trading account. Traders may discharge funds that have been held in open positions by closing them.

 

👉 After the position is closed, the trader’s available amount will be reimbursed, minus or plus any winnings.

 

👉 Traders may request a pay-out after their account has been confirmed and their withdrawal amount has reached $30. Traders must ensure they have enough money to cover the $5 withdrawal fee when withdrawing funds.

Overall Rating

Min Deposit

USD 50 / 3,100 NAD

Regulators

CySec, FCA 

Trading Desk

None

Crypto

Yes

Total Pairs

47

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.

eToro Education and Research

eToro Education and Research Namibia

 

Education

👉 eToro offers the following Educational Materials:

➡️ News Feed

➡️ Analysis

➡️ eToro Academy

➡️ eToro Plus

eToro Bonuses and Promotions

eToro Bonuses and Promotions Namibia

 

👉 eToro offers Namibian traders the following bonuses and promotions:

➡️ Referral program

 

👉 For Namibian traders, eToro offers a referral program that compensates them for successfully bringing new traders to the site. This trader will need to create a real trading account and fund it with the necessary money.

👉 To participate in this program, Namibians could be subject to additional criteria that must be fulfilled.

How to open an Affiliate Account with eToro

How to open an Affiliate Account with eToro Namibia

 

👉 To register an Affiliate Account, Namibians can follow these steps:

 

👉 Namibians may access the official eToro website by going to the homepage and selecting “Affiliate Program.” Namibians may learn more about eToro’s affiliate program by visiting this page before deciding to join.

 

👉 Partners must fill out an application form, and to log in to their eToro Partners account, they must satisfy the account verification procedures.

 

👉 After the verification procedure is completed, your payment option will be set up. Furthermore, Namibian traders should be aware of the following highlights from eToro’s affiliate program guidelines:

➡️ Double-check that the information you offer is accurate and clear to the target audience.

➡️ Never make a promise you cannot keep.

➡️ Be cautious not to mislead; for example, do not speak about earnings without simultaneously talking about the possibility of losing.

➡️ Any appropriate disclaimers should be included in your postings.

➡️ Make use of our marketing tools. If you make your own, please send them to the affiliate manager for approval.

➡️ The term “eToro” should not be in your domain name.

➡️ eToro should not be advertised in any countries where such promotion is prohibited.

➡️ For PPC/media buying, link your ad to your website rather than directly to eToro. In your ad content or keywords, you must not include the eToro brand name or any versions of it (including the display URL).

➡️ Be prepared to submit an update when eToro requests it. eToro will undertake periodic audits as requirements change and may need to make further improvements.

 

eToro Affiliate Program Features

👉 eToro is the world’s largest social investment network, and the broker is proud of its reputation for trustworthiness. eToro has a global user base of over 20 million people and a large network of partners.

 

👉 Because of the wide variety of eToro’s products and unique features, advertising eToro is simple when the right audience is targeted.

 

👉 Namibians may simply convert visitors using the large variety of ready-to-use banners, widgets, and landing pages included in the Creatives section of your eToro Partners site.

 

👉 Affiliates may select from these unique and comprehensive strategies to help them get the most out of their marketing efforts and maximize their website traffic:

➡️ Tier 1 CPA – $250

➡️ Tier 2 CPA – $200

➡️ Tier 3 CPA – $100

 

eToro Customer Support

👉 The eToro customer service staff is accessible 24 hours a day, 5 days a week to address any technical or general queries you may have. The online help centre includes many articles that could quickly address any of your queries.

 

👉 Additionally, eToro provides its customers with special trading programs as well as regular financial news updates.

 

eToro Corporate Social Responsibility

eToro Social Responsibility Namibia

 

👉 eToro launched GoodDollar, a corporate social responsibility program, in 2020. The purpose of this strategy is to make obtaining a universal basic income easier for everyone (UBI).

 

👉 The purpose of this notion is to create a global payment system that cannot be modified or controlled by the government. Blockchain technology and the public blockchain network must work together to make this vision a reality.

 

👉 The G$-based UBI plan from eToro might assist people throughout the world. To put it another way, this would be a globally accessible digital currency that just needs a smartphone to use.

 

👉 People may then claim UBI payments in G$ and swap them for their home currency or any other currency they like. Following the widespread Covid-19 epidemic, this method is likely to be adopted with open arms.

Verdict on eToro

👉 eToro is the world’s biggest social trading platform, with a variety of ways to trade and invest in other traders. They provide a diverse choice of trading instruments across several asset classes, as well as a highly user-friendly trading interface with a robust set of trading tools for doing extensive and in-depth research.

 

👉 With over 20 million active users, eToro has garnered positive customer feedback, as shown by a Trustpilot rating of 4.2 out of 5 stars from over 14,600+ consumers.

 

👉 Before introducing a crypto exchange and a dedicated crypto wallet for customers, eToro was one of the first fintech companies to embrace Bitcoin.

 

👉 The eToro network has a vibrant user base and social features such as a coin-specific news feed. Chatting with others and perusing social media feeds may be a terrific way to get started in the crypto realm.

 

👉 The platform has tools that allow you to mimic prominent crypto traders’ investment strategies—and be paid if others do the same.

 

👉 The second element may appeal to more experienced crypto traders, who may receive yearly incentives of up to 2% of their average balance for growing their platform’s following.

eToro Current Popularity Trends

👉 According to Google Trends, eToro has seen an increase in Google Searches in the past month. 

eToro Current Popularity Trends

Overall Rating

Min Deposit

USD 50 / 3,100 NAD

Regulators

CySec, FCA 

Trading Desk

None

Crypto

Yes

Total Pairs

47

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.

eToro Pros and Cons

✔️ Pros❌ Cons
eToro is well-regulated by Tier-1, Tier-2, and Tier-3 regulators in several regions.MetaTrader is not supported
eToro has a prominent level of trust and guarantees client fund securityThere are high currency conversion fees charged on deposits and withdrawals made in currencies other than USD
With eToro, Namibians can buy fractional sharesThere is an inactivity fee of $10 charged on dormant accounts
eToro offers a large online communityThere are limits on the trading strategies that traders can use
There are several innovations offered including CopyPortfolios, CopyTrader, and moreThere is no NAD-denominated account offered
Namibians have access to TipRanks stock analysis free of charge
Namibians can receive notifications on market events on their mobile devices
eToro offers a demo account and a comprehensive Islamic account

Frequently Asked Questions

 

What is the withdrawal time with eToro?

The withdrawal processing times range from instant up to 10 working days.

 

Is eToro regulated?

Yes, eToro is well-regulated by CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, and SIPC.

 

Is eToro good for beginners?

Yes, eToro is an excellent option for beginner traders. Its trading platform is simple to use and understand. eToro does a fantastic job of blending helpful tools and features in a user-friendly online platform and mobile trading app.

 

What is the minimum amount to deposit on eToro?

The initial deposit is 3,100 NAD or an equivalent to $200, after which the minimum deposit falls to $50.

 

Does eToro have Nasdaq?

Yes, eToro offers traders the opportunity to invest in Nasdaq.

 

Is eToro safe or a scam?

eToro is a safe broker with multi-regulation, a high trust score, and positive customer reviews.

 

How much is eToro’s withdrawal fee?

eToro has a set withdrawal fee of $5.

 

Does eToro have Volatility 75?

Yes, with eToro you can buy or sell VIX short-term futures.

 

Is eToro good for long term investment?

Yes, eToro is a sound investment platform for long term investors.

Conclusion

👉 Now it is your turn to participate:

➡️ Do you have any prior experience with eToro?

➡️ What was the determining factor in your decision to engage with eToro?

➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?

➡️ Have you experienced any issues with eToro such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?

 

👉 Regardless, please share your thoughts in the comments below.

 

Addendum/Disclosure:

👉 No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.

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