IQ Option was founded as a broker in 2013. To date, the provider has been able to expand its product range to include both forex and CFD trading. Over time, IQ Option has increasingly focused on cryptocurrencies. Currently, there are 14 digital currencies – which is quite a large selection compared to other providers. One can even claim at this point that the variety of cryptocurrencies available at IQ Option experiences is a unique selling point.

IQ Option Logo

So far, there are only a few providers that allow trading in digital currencies – and if there are, then only two or three cryptocurrencies are available at most. It can definitely be put beyond dispute that investments in digital currencies are becoming increasingly popular. The year 2017 has contributed significantly to this. When bitcoin, the mother of all cryptocurrencies, scratched the 20,000 US dollar mark, interest was greater than ever – and even now, although the price is far from the 20,000 US dollar mark, there are still plenty of traders who like to trade in cryptocurrencies and invest in the various digital currencies. So cryptocurrencies continue to be a popular object of speculation.

IQ Option does not only offer trading with cryptocurrencies. The broker can also trade shares, ETFs, options, classic currency pairs and CFDs. At this point, it must also be mentioned that we cannot talk about IQ Option Exchange – IQ Option is not an exchange for cryptocurrencies, but a broker that offers, among other things, trading in cryptocurrencies. Anyone who wants to trade Bitcoin or Ethereum via IQ Option is definitely in the right place.

If you follow the various IQ Option testimonials, which can also be easily found on the Internet, it becomes clear relatively quickly that this is an extremely popular broker. Currently, around 25 million people use the IQ Option service. The monthly turnover amounts to 11,000,000 US dollars. IQ Option is thus clearly one of the market leaders.

But even if there are many positive experiences about IQ Option, you should of course also look at the various conditions and services beforehand. How high are the IQ Option fees, what should be taken into account when opening an account, is there an IQ Option app or, sometimes, an IQ Option alternative if the offer does not suit you in the end?

Only an IQ Option test can provide answers to such questions. This way you can also find out right away whether IQ Option is a scam or whether the broker can actually be recommended.

IQ Option Review – The Offer

Those who choose the broker IQ Option not only have 18 cryptocurrencies at their disposal, they can also participate in regular forex trading. Here, investors can choose from numerous forex pairs – such as the classic major currency pairs and also real exotics. Forex traders are guaranteed to be thrilled. The maximum leverage is 1 to 300. Of course, there are also options – 63 of them (shares, indices, commodities as well as currencies). The offer is also complemented by another 340 shares from the most diverse sectors. Of course, the most successful companies from the NASDAQ, NYSE or also from the DAX can be found here. ETF trading is also made possible by the broker. There are currently around 4,000 listed securities, indices and commodities.

IQ Option Angebot

The trading platform is kept simple. The fact that the possibility of an “OTN” is offered is particularly interesting – this is a special platform so that trading with digital currencies is also possible via the (O)pen (T)rading (N)etwork.

If there are questions, difficulties or uncertainties, the trader can contact the support at any time. The advantage is that there are also German-speaking employees. This means that even if you do not speak English, you can use IQ Option without any problems. It should also be noted at this point that the homepage is also available in German.

IQ Option will also appeal to beginners. On the one hand, the platform is clearly laid out, on the other hand, the broker also offers a free demo account. This allows beginners to delve deeper into the material and also familiarise themselves with the various functions and options on the homepage. Due to the fact that no dangers await the trader when using the demo account, because trading is done with virtual money, the demo account can be warmly recommended, especially to beginners and newcomers. But professionals also like to use demo accounts because they can try out new strategies.

The story behind IQ Option

If you look at the history of IQ Option, it goes back to 2013. At that time, there were hardly any German traders who dealt with financial derivatives – trading was so unpopular that, at least in retrospect, it is almost a miracle how many traders from UK are registered with IQ Option today. IQ Option is available in 29 countries – currently more than 25 million people use the broker’s services. Extremely impressive figures, which are sometimes already the first indication that there can be no fraudulent machinations on the part of the broker.

The IQ Option cryptocurrencies

At IQ Option, 14 cryptocurrencies are currently available. Trading is possible via various channels. The following digital currencies can be used by the trader:

  • Bitcoin
  • Bitcoin Cash
  • Bitcoin Gold
  • Dash
  • Ethereum
  • Ethereum Classic
  • Litecoin
  • Neo
  • OminesGo
  • Qtum
  • Ripple
  • Stellar
  • TRON and
  • Zcash

It should be noted that digital currencies can also be traded as derivatives – i.e. CFDs. This means that the investor does not buy any coins, but only bets on the price development of the currency. This option is extremely interesting for various reasons: The crypto market is very volatile – this means that high profits (and of course also losses if the market does not move in the desired direction) are possible within a very short time.

The functions

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The trading platform is of course the basis for trading. In this case, IQ Option provides a broker’s own variant. The advantage? Many customer suggestions have been incorporated over the years – that is, the trading platform has been changed again and again and adapted to the wishes of the traders. This has advantages for both sides – for the trader and the broker. The traders’ wishes are fulfilled so that the platform becomes better for them, while the broker can look forward to positive feedback and knows that the customers are satisfied. In the end, an extremely reliable platform has emerged that appeals especially to beginners who have not yet had any experience with such systems.

The trading platform can be used as a web application or also as software that can be downloaded free of charge and subsequently installed on the PC.

Anyone who trades in cryptocurrencies can make use of the Open Trading Network. This means that trading is possible around the clock – 24 hours a day, 7 days a week.

If one is sometimes unsure when it comes to using the platform, various tutorials are available. Another option that also helps to better understand the platform is the free demo account. Ultimately, the demo account not only serves to delve deeper into the material, but is also a help if you want to deal more intensively with the functions of the platform.

Open an account with IQ Option

If you want to open an account, you first have to fill out the form on the main page. Compared to the forms of other providers, the form is less extensive – i.e. it only takes a few minutes to complete. After registration and verification – it is sufficient to send a copy of the ID by e-mail – the account can then be used. It should be noted that the minimum deposit is 10 euros.

https://kryptoszene.de/wp-content/uploads/2018/12/iq-option-registrieren.jpgAnyone who opens an account with IQ Option can choose between the standard account and a so-called VIP account.

If the trader chooses the standard account, he can trade with all assets offered by the broker. Of course, trading with cryptocurrencies is also possible via the standard account.

If the trader opts for the VIP variant, he can look forward to various additional functions. The VIP account can be recommended especially to traders who want to trade with larger amounts of money. For example, there is a VIP account manager who can be contacted at any time if questions arise – higher profits are also possible, of course, because higher stakes are allowed by the broker. The minimum deposit is 3,000 euros.

The Demo Mode

Anyone who wants to trade Bitcoin, Ethereum or another digital currency via IQ Option does not have to invest their savings immediately, but can also use the free demo account provided by IQ Option. Attention: Demo accounts are not only interesting for beginners – professionals also benefit if they want to put new strategies to the test without risk via the demo account.

A fictitious 10,000 euros are available, which can subsequently be used to delve even deeper into the extremely complex matter of cryptocurrencies. The advantage? The demo account can be topped up again. So once the credit has been raised, another 10,000 euros are made available. Moreover, there is no limited term – the demo account can therefore be used indefinitely.

The fact is: IQ Option has taken on a kind of pioneering role here – only a few brokers who offer trading in digital currencies provide a demo account. In addition, it is advantageous that the demo account can always be reloaded with the “play money”.

The crypto market is extremely volatile. High stakes sometimes ensure high profits if you are right – but if the market does not develop as desired, high losses are inevitable. If you then work with leverage, things get really exciting. However, due to the fact that leverage and cryptocurrencies in combination represent an extremely high risk, IQ Option only offers leverage of 1 to 1.

The fact is that anyone who trades in cryptocurrencies must be aware that the risk is extremely high because high fluctuations are simply part of the game and are always possible. Especially if you invest large amounts so that high profits are made in the end, painful losses can occur.

For this reason, you should also look into the demo account and put your strategies to the test first. Above all, beginners who have not yet been able to gain any experience must be particularly careful when putting their savings into digital currencies.

The IQ Option App

https://kryptoszene.de/wp-content/uploads/2018/12/iq-option-app.jpgIQ Option provides a web-based trading platform and a download variant. However, there is also the option of an app. The IQ Option app is available for iOS and Android devices and can be downloaded free of charge from the online store (e.g. Google Play) or directly from the broker’s website and then installed on the smartphone. The advantage is that you can also work with various instruments and tools here – for example, you can also display extensive charts. So if you want to trade on the go, you should definitely get the IQ Option app.

IQ Option: Advantages and disadvantages

IQ Option is regulated by the Cyprus Securities and Exchange Commission (CySEC for short), the Cypriot financial supervisory authority. This means that the questions as to whether IQ Option is a scam can be answered relatively quickly – no, fraudulent activities can be ruled out. IQ Option appeals to beginners with its low minimum deposit, which is just 10 euros – also because there is a free demo account with no time limit.

The fact that IQ Option acts as a so-called market maker can be seen as a disadvantage.

  • Low minimum deposit
  • Regulated broker
  • Free demo account
  • No direct investment in cryptocurrencies
  • IQ Option is “only” a market maker

The IQ Option payment methods

Deposits are usually made in euros, US dollars or British pounds. The minimum deposit, as already mentioned, is 10 euros. IQ Option has thus chosen an amount that will appeal to beginners in particular, because there is absolutely no risk involved.

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The various payment methods accepted by the broker are also advantageous. You can use credit cards from VISA and MasterCard to buy coins, but you can also use the Maestro card. In addition, Neteller, Webmoney and Skrill are not everyday alternatives that are also accepted. Unfortunately, the payment methods Sofortüberweisung, Paysafecard like PayPal and GiroPay are not supported.

It should be noted that there are no fees whatsoever in the course of depositing – no matter which method you choose, the deposit to the account is free of charge.

Ideally, the trader makes a profit, which he can then have paid out. The same options are available for the payout that could also be used in the course of the deposit. The minimum payout amount is 1.00 euro. The maximum amount per day is one million euros. There are no fees for withdrawals either. However, the account must be verified before the first payout. In this case, it is sufficient if the trader sends a copy of his ID by e-mail. The whole process is therefore less cumbersome than with Coinmama, for example.

In summary: Credit cards (VISA and MasterCard), Neteller, Webmoney, Maestro and Skrill are accepted – in the course of the payout, you can also opt for a bank transfer. The minimum deposit is 10 euros, the minimum withdrawal is one euro. The maximum amount to be paid out per day is one million euros.

What about security?

IQ Option is headquartered in London, United Kingdom. However, the operational business is managed from Cyprus. This means that IQ Option is regulated and licensed by the Cyprus Securities and Exchange Commission (CySEC). Note that this is not an indication that IQ Option is a scam – the Cyprus Financial Supervisory Authority is known to have licensed the most reputable brokers in the financial industry.

For even more security, IQ Option has opted for so-called segregation – this means that the broker’s own capital is kept separate from the traders’ funds. Furthermore, IQ Option is also part of the proprietary deposit protection fund. This ensures that part of the trader’s funds are protected.

The fact is: The provider is reputable – accusations that go in the direction of IQ Option scam or fraud therefore have no effect. This is also the case when looking at IQ Option experiences – there are also no indications on the Internet that one should be particularly careful here due to fraudulent machinations.

https://kryptoszene.de/wp-content/uploads/2018/12/iq-option-regulierung.jpgIQ Option customer service

IQ Option’s customer support consists of two parts. On the one hand, there is a very extensive FAQ section where you can search for answers and solutions to problems yourself. The FAQ section, like the entire site, is available in German. Above all, the integrated search function is a positive feature, as it allows you to search for various contributions or articles. In addition, there is also the possibility for the trader to contact the IQ Option staff directly. For example, by e-mail or via a telephone hotline. The customer service is available 24 hours a day, 7 days a week. According to one or two IQ Option experiences, the employees are extremely friendly and helpful and make sure that problems are solved within seconds.

How high are the fees at IQ Option?

The IQ Option fees are very fair. Deposits and withdrawals are free of charge. It should be noted that – depending on the selected payment method – transaction fees may be charged by the financial institution. Furthermore, there are no commissions or spreads in trading, no account management fee and no custody account fee. The maximum return is 92 percent. The IQ Option fees are therefore extremely low and fair.

IQ Option Fee Overview
Trading fee2,90%
Spread for cryptocurrencies8,51% – 15,46%
Deposit feenone
Disbursement feenone

Note, however, that there is an inactivity fee of 50 euros/year, which is charged after 90 days of inactivity.

IQ Option experiences and user opinions

There are various testimonials about IQ Option on the internet, but they all speak the same language: IQ Option is an extremely popular provider that scores with fair conditions such as fees and is particularly popular with beginners because, on the one hand, there is a low minimum deposit and, on the other hand, a free demo account.

Is IQ Option a scam?

No. IQ Option is a reputable provider, as proven by the various IQ Option experiences. The fact that the broker is regulated by CySEC alone is proof enough that there is no need to fear any fraudulent activities. Furthermore, IQ Option has been on the market for years and is used by around 25 million people – so if they were pursuing fraudulent intentions, they would not have such a strong influx, which has been observed for years.

IQ Option Alternatives

Of course, when looking at the various brokers, you should not only focus on one provider, but also make a comparison and also look at the conditions such as offers from other brokers like Exchanges. An IQ Option alternative would be the broker eToro, for example. Here, traders have twelve cryptocurrencies at their disposal – for example, Bitcoin, Litecoin, Ripple, Dash, Ethereum, Neo or EOS.

eToro has been able to draw attention to itself primarily with advertising spots. The broker is convinced that it is possible to make money without knowledge. How is that possible? Simply follow successful traders. The social trading broker is known for the fact that traders can be followed and their strategies copied. This means that you can actually achieve success without a basic understanding.

However, it should be noted at this point that the trading principle is quite dangerous. Traders who have often been successful in the past do not always have to be successful in the future – markets can move in an undesired direction, even without warning, and thus cause the trader to incur losses.

If you look at the topic of security, you will also come across CySEC – because the Cypriot financial supervisory authority also regulates eToro. Furthermore, eToro is also regulated by BaFin, the German Federal Financial Supervisory Authority.

  • Wide range of trading opportunities
  • Many deposit methods
  • PayPal available
  • Good customer service
  • Clear and modern trading column form
  • Copying from successful investors possible
  • Fee list somewhat hidden
  • Only 14 cryptocurrencies
  • 171 Cryptocurrencies
  • High safety standards
  • Further development of the platform
  • Clear operation of the trading platform
  • Transactions executed cannot be cancelled
  • No trading in shares/commodities/foreign exchange
  • Only cryptocurrencies as a commodity
  • No PayPal or credit cards directly usable for deposit

IQ Option – The conclusion

First of all, the IQ Option test confirmed what can be found in numerous testimonials on the net – IQ Option is a reputable broker that is definitely interesting for beginners because, on the one hand, there is a low minimum deposit of 10 euros and, on the other hand, a free demo account is provided so that you can dive even deeper into the matter, but also have the opportunity to get to grips with the platform more intensively.

For many traders, IQ Option is the alternative par excellence when it comes to trading cryptocurrencies. Due to the fact that IQ Option offers 14 digital currencies, there is de facto no competition – IQ Option therefore has a unique selling proposition.

In addition, the broker is also convincing in the area of security: IQ Option is not only regulated by CySEC, the Cypriot financial supervisory authority, but is also a member of the Deposit Protection Fund – so you definitely don’t have to be afraid of fraudulent schemes.

Around the world, there are many different ETFs and many different credit institutions that offer such an investment opportunity. It is said that in 2018 there were over 6,400 different ETFs to invest in, and the number continues to grow from year to year. Accordingly, the demand for an ETF broker comparison is naturally high.

Many traders on stock exchanges have discovered the relatively safe investment option for themselves, as one apparently does not need to have a great deal of knowledge about shares.

All you need is a broker you trust. But which ETF brokers are the best in comparison and what points should you pay particular attention to?

All questions will be answered in the following ETF broker test. In addition, important background information is provided so that you can start investing right away.

The big ETF broker comparison 2021 – What is the best ETF broker?

As a prerequisite for buying ETFs, you need a broker account with the respective credit institution. It is certainly helpful if the account is at the same bank, as this allows you to quickly move your money from A to B and the company already has all the data.

This means that you no longer have to prove your identity and it is usually no longer necessary to send documents. Of course, you can also open a new custody account at another bank if your own bank does not offer the desired ETF/ETF savings plan or the costs are too high.

1. eToro – ETF Broker Comparison Test Winner

Based on hard criteria, we have found a test winner in our large ETF broker comparison: eToro. Firstly, eToro is one of the best-known brokers there is, and secondly, trading ETFs is completely free of charge. In addition, only very low spreads are charged.

In addition, eToro is fully regulated and licensed.

For this reason, not only do important features and attractive conditions play a role in this ETF broker comparison, but eToro was also able to convince with its security, acceptance and respectability.

eToro has a very clear and modern design, which makes it easy for users to operate the broker. In addition, there is also an in-house app with which you can trade ETFs from anywhere. It also allows you to keep an eye on the market around the clock.

Furthermore, eToro excels in social trading. This means that you can easily and quickly copy the portfolios of other traders – quite legitimately. eToro is therefore also referred to as a social trading platform. In addition, the broker offers a wide range of trading options: Shares, CFDs, commodities, cryptocurrency and much more are on offer. So there should be something for every investor.

With the help of the demo version, the blog and social trading, even beginners can expand their knowledge of trading.

Beginners in ETFs have it very easy on eToro: Thanks to social trading, every investor is able to easily and legally copy portfolios of other investors and thus benefit from the expertise of others even as a newcomer in the financial industry.

Nowadays, eToro is a household name for the vast majority of investors. Over the years, the platform has built up a positive and reputable image. Click here for our detailed eToro test

eToro fees

The special feature at eToro: Completely fee-free trading of stocks and ETFs! That is why all fees when buying ETFs at eToro look like this:

Provideretoro
Depositfree of charge
Purchase fees0%
Holding feesfree of charge
Sales charges0%
Payment5 USD

The eToro registration

If you want to register with eToro, simply go to the provider’s homepage. A button with the inscription “Register now” is clearly visible. Clicking on this button opens a window in which you enter your first and last name.

You can also choose a special user name. In addition, you enter your e-mail address, telephone number and a password of your choice.

Once you have accepted the terms and conditions, you are already in possession of your own eToro account.

To the eToro registration form

Your capital is at risk.

The eToro verification

All online brokers regulated by the EU must establish the identity of their customers beyond doubt. The purpose of this EU directive is to prevent money laundering, among other things. At eToro, a click on one’s own profile is sufficient to carry out the verification. First, some additional data, such as the date of birth, is requested.

In the next step, you have to confirm all the information you have provided with the help of a scan of your own ID document. Now eToro can check whether all the details are correct and then fully activate your account.

The eToro deposit

If you want to trade ETFs at eToro, you have to make a minimum deposit of €250. To do this, you can either use your credit card, PayPal, an instant bank transfer or various other deposit options. The deposit is free of charge.

However, it should be noted that a withdrawal may be subject to fees (5 USD). As soon as the deposit has been made, you can start making your first trades.

Here is an overview of all deposit methods available at eToro:

Payment optionpossible?
Buy Alstom shares with credit card✔️
Buy Alstom shares with PayPal✔️
Buy Alstom shares with SOFORT bank transfer✔️
Buy Alstom shares with Rapid Transfer✔️
Buy Alstom shares with Skrill✔️
Buy Alstom shares with bank transfer✔️
Buy Alstom shares with Neteller✔️
Buy Alstom shares with UnionPay✔️

The eToro Trading

eToro also stands out for its versatility in trading. If you are new to the world of shares and securities accounts, you should first visit the Academy.

Here, all possible trading strategies are explained and, in addition, the most efficient portfolios are discussed in separate forums. In particular, trading with ETFs is also discussed. The Academy is therefore an ideal resource for further education.

If you want to make it easy for yourself at the beginning, you can simply copy a portfolio of a particularly successful investor and hope to make a profit with it. In this way, one can quickly find one’s way into the world of share trading even without greater know-how. In the long run, however, it should be worthwhile to constantly educate yourself in the Academy.

For this purpose, a variety of useful tips, videos and guides are provided, which should also contain new information for more experienced investors. Now we can only hope that we will make wise trading decisions and that we will soon be able to make our first profits from share trading.

To the eToro registration form

Your capital is at risk.

2. libertex

Libertex is a renowned broker that stands out, among other things, for the selection of ETFs it offers. If you want to invest in the world’s best-known ETFs, Libertex is the right choice. The provider also scores in terms of security: Like many other brokers, Libertex is also based in Cyprus. However, anyone who fears that Libertex is a scam is mistaken: the broker is regulated by the Financial Supervisory Authority and regular checks ensure that Libertex operates seriously.

In total, the competitive broker has already received 30 international awards. In particular, the Libertex app was named the best app for ETF traders two years in a row. Those who would like to test Libertex first have the opportunity to make their first trades on a demo account.

However, numerous other brokers also offer a trading demo account. It is therefore all the more worthwhile to go into more detail. Our Libertex test clarifies in which respect the provider particularly stands out. Here, the fees of Libertex are put to the test, as well as the account registration, minimum fees and more.

Anyone looking for a safe, reliable and proven ETF broker with a long history will find what they are looking for with Libertex. Registering with Libertex is easy, and after just a few minutes, nothing stands in the way of trading.

In addition, clients have the option of speculating on shares, cryptocurrencies, commodities and much more via smartphone using the Libertex app. On the other hand, there is also the option of using MetaTrader 4, a renowned and globally popular trading platform.

Libertex fees

FeeCosts
Depositfree of charge
Trading fees for ETFs0,01% – 0,5%
Holding fee per yearfree of charge

Libertex trade

Libertex offers its clients different account models. Those that are aimed at private clients and those that are suitable for professional traders. The Libertex fees, however, do not seem to differ. However, professional clients are allowed to use higher leverage. New traders can also secure a commission discount of up to 50 percent. By default, the Libertex account is classified as private.

Libertex currently offers 10 ETFs from the best-known providers iShares, Vanguard and SPDR.

These are:

  • iShares Core U.S. Aggregate Bond ETF
  • iShares MSCI UK ETF
  • iShares MSCI United Kindgom ETF
  • iShares MSCI Mexico ETF
  • iShares MSCI Brazil ETF
  • iShares China Large Cap ETF
  • iShares Core S&P Mid-Cap ETF
  • iShares Latin America 40 ETF
  • SPDR S&P 500 ETF Trust
  • Vanguard FTSE Europe ETF

Overall, the offer is convincing. Anyone who wants to trade ETFs or other assets with Libertex has an all-round successful provider on their side with this broker.

Register now with Libertex

3. comdirect

Of course, you can also open an account and a securities account at comdirect Bank. This means that, as with DKB, you have everything at one bank, which makes it easier to keep track of everything. With the company, you only have the option of investing in 170 different ETFs.

This is a significantly lower number than with other providers. One advantage, however, is that you can select different ETFs and compare them directly via the comdirect site. There you can see the name of the exchange traded fund, the orientation, the asset class and the investment strategy.

In addition, the percentage performance, the components, the income appropriation and the risk are displayed.

Comdirect fees

FeeCosts
Purchase with a one-off investment3,90 €
Deposit for ETF savings plans1,5%
Holding fee per year0,12%

Investing in ETFs at comdirect is not particularly difficult. To do this, log into your securities account and select “Investment” in the top menu under “Personal area” and then “Securities savings plan”. However, if you do not yet have an idea of which ETFs you would like to invest in, you can obtain additional information in the “Informer” section.

There you can specify various criteria that the ETFs should absolutely have. The programme then only displays the options that meet all the requirements.

New ETF Savings Plan

To set up a new ETF savings plan, click on “Set up another savings plan“. You will then find important information about the bank’s conditions. Then you select your desired settings and confirm the entry with the TAN sent to you. Before the transaction is completed, all important information is displayed on the screen and the purchase order is only executed after confirmation.

Last but not least, you have to specify an account from which the amount due is to be collected. You can choose between the clearing account or another account. If you select the clearing account, you must always have enough money in the investment account, as otherwise reminder fees may occur.

Register now with Comdirect

4. plus500

Many traders are probably familiar with the Plus500 provider. The broker is represented in over 60 countries and the platform is now available in 32 languages. Over 2000 financial instruments are available to investors for trading.

Plus500 also has its headquarters in Cyprus. Accordingly, this platform is also regulated and licensed in Cyprus by the financial supervisory authority CySEC, which is based there. However, Plus500 also has a few other offices. For example, in the UK, South Africa and Singapore.

Plus500 is also an international company with a global audience. Plus500 was founded in 2008 and since then the company has had a lot of time to perfect the offer for traders. The design of the platform is quite simple. Thanks to the clear structure, you can find what you are looking for immediately.

Fees

FeeCosts
Depositfrom 100 Euro
Trading fees for ETFsSpreads
Holding fee per yearfree of charge

The trade

The most popular ETFs on Plus500 are:

  • USO Oil Fund
  • iShares Silver
  • UNG-Gas Fund
  • OIH Oil Service
  • GLD Gold
  • NUGT

Plus500 is best suited for experienced traders, as ambiguities should not arise when viewing the platform. Newcomers might feel comfortable with Plus500’s free and unlimited demo account.

Direct to Plus500

5. consorsbank

Consorsbank (formerly Cortal Consors) is a subsidiary of the French BNP Paribas and one of the largest banks in UK. Of course, the online bank also offers ETFs to its customers.

There are 77 ETFs and 200 ETF savings plans that are completely free of order fees.

For all other ETFs you have to pay a small fee.

Fees

FeeCosts
Purchase with a one-off investment4,95€
Entry costs for ETF savings plans1,5%
Exit costs for ETF savings plans1,5%
Exit costs for ETF purchases9,95€
Running costs0,45%

To invest in ETFs via Consorsbank, you must first log in to the platform. To access the desired area, select “Saving & Investing” in the menu, then “Investing” and finally “ETFs”. You can click on your favourite via a list and all possible information on the exchange traded fund is displayed. New traders in particular should read this section carefully before investing.

At the top of the page you will find the “Buy” button. Once you have decided on an ETF, you can press the button. Most of the time, a pop-up will appear, informing the investor that he is buying a product of a higher or lower risk class. Here you have to confirm that you have read the notice.

For all interested parties, Consorsbank offers a hotline where private investors can ask their questions. There is also a live chat, a contact form and the possibility to ask the Consorsbank Community.

The trade

In the next window you have arrived at the order mask. Here you have to enter all the necessary information and you can select the desired trading venue. In most cases Tradegate is offered, through which there are no additional costs for the promotional ETFs. After selecting the number of units, the complete amount is displayed directly.

After you have entered all the data, you confirm the purchase by TAN and the order is executed by Consorsbank. You will see a detailed list of costs under “Cost overview” as soon as you make the purchase. All fees and the total amount are shown here once again before the purchase.

This is now required by law so that the client also has a simple overview of the fees. After a few working days, the ETF will be found in the customer account. Investing in ETF savings plans works in the same way.

Compared to other providers, the costs of Consorsbank are significantly higher and the offer has no special features. It is simply a solid and established bank with a securities account for trading securities.

Register now with Consorsbank

6. the DKB – Deutsche Kreditbank

DKB (Deutsche Kreditbank AG) also has some ETFs in its range. You can either browse through DKB’s 670 different ETF savings plans on your own or search for specific exchange traded funds directly.

The minimum savings rate is at least €50. But what other costs does the investor have to pay?

Costs

FeeCosts
Modification or deletion of an ETF savings planFree of charge
Execution fee for over 130 promotional ETFsFree of charge
Costs per savings plan execution1,50€

The DKB customer selects his favourite ETF savings plan and enters the WKN/ISIN in the menu item “Securities account status” and then under “Securities savings plans“. In addition, the next step is to set the amount and the interval of the savings rate. As soon as you have made all the decisions, you will receive a TAN on your mobile phone.

As soon as you have entered the numerical code in online banking, the ETF savings plan is executed. You can make changes or invest additional money at any time. However, you should call the support team in advance and ask for the necessary steps.

All changes and new savings plans are always made on the 5th and 20th of each month. In addition, the bank requires two working days to process a new exchange traded funds savings plan.

DKB Trade

As soon as you have decided to trade ETFs with DKB, you need an account and a securities account with Deutsche Kreditbank. If you don’t already have one, you have to disclose some personal data when registering and verify your identity by PostIdent. Within a few days, you will then have access to your customer account.

When opening a custody account, you will also be asked how good your knowledge of securities trading is and in which areas you would like to invest.

If you have any questions, you can always contact the support team by phone, who can help you quickly. The customer service takes the time and deals with the questions in detail. Therefore, if you are unsure, you always have a contact person at DKB. In the menu on the left, select “Private customers” and then “Securities account and securities”. There you will find the ETF savings plans in the middle of the page.

DKB Broker U18

A great speciality of Deutsche Kreditbank is that there is a DKB broker for minors. Here, for example, parents can invest money for the future of their children. Of course, only the legal guardians have access to the account until it becomes the property of the child at the age of 18. You might want to choose a low-risk investment option so that your child has some money left over in the end.

Alternatively register with our test winner

7. onvista

This is the broker that had the lowest fees of all the other banks in the financial test. The site is clearly structured and you can find the ETF savings plans via the items “Onvista Bank”, “Products & Trading”, “All Products”, “Savings Plans” and at the end under “ETF Savings Plans“.

For the investment, however, you again need a securities account, which you can open for free. However, the bank requires some personal data for setting up a customer account. In addition to your address and date of birth, you will also be asked for your bank account.

Finally, you have to check and confirm your details. Within a few working days you should then have access to your securities account and be able to start trading.

There are 164 different ETF savings plans, some of which do not charge any fees for savings plan purchases. You can set the cut-off date for savings plan purchases to the 1st or the 15th of each month. However, the entry into the custody account and the debit from the clearing account usually take place two to five days later.

Changes to the savings plans cannot be made retrospectively. However, you can cancel your savings plans, which always happens on the next execution date.

At Onvista, you have to book the money to the clearing account so that the buy order can also be executed. To place an order, you must first log into your securities account and select the desired ETF savings plan. As soon as all data has been provided, you confirm the entry with a TAN and Onvista Bank will execute the order.

If you still have questions or need clarification, there is a hotline for existing customers and interested parties that can be reached Monday to Friday between 09:00 and 18:00.

Costs

Of course, you can also sell your ETF shares at any time. To do so, select the ETF held. The deletion or sale can be done online or by telephone. However, you should read through all the important information beforehand so that you do not have to pay any ETF fees at once.

FeeCosts
Stock exchange fee (fixed-price custody account model)2€
Fee for an order volume of up to 10,000 euros5€
Costs per savings deposit1,5€

Register now with Onvista

8 ING-Diba

With the free direct securities account, you can trade all securities listed on German stock exchanges. This includes shares, funds, ETFs, bonds, certificates, warrants or shares abroad.

ING-Diba offers over 8,000 different funds and ETFs, as well as 100 different ETF savings plans. On the ING-Diba ETF page, you can find a lot of information in general and specifically about trading via ING-Diba. For an ETF savings plan, you have to specify a savings rate of at least €50, whereby changes are possible at any time and without additional fees.

The best way to do this is to contact customer service so that the employee can make the appropriate adjustments. The free savings plan calculator from ING-Diba also allows investors to calculate the final amount or find out the required savings rate in advance and without registering.

FeeCosts
Over 200 promotion ETFsfree of charge
Or commission from the market value for other ETFs1,75%
Costs per savings deposit1,5%

Additional information

ING-Diba also points out on the page that you should carefully check your investment decision to see whether the savings plan you have chosen also corresponds to your wishes and risk tolerance. It also points out the crus fluctuations and possible losses. In the meantime, the company has more than nine million customers and has established itself as a major player on the German market.

The company also manages over 130 billion euros in customer deposits and has equity capital of over 7 billion euros. There are also over 4,000 employees who take care of investors’ wishes. In case of problems or questions, there is a hotline, an e-mail address and a contact form.

Furthermore, it is also possible to place buy or sell orders by telephone. In addition, customers’ funds are protected up to €100,000 by the deposit guarantee. This means that in the event of insolvency, the customer will definitely get his money back.

Alternatively register with our test winner

9. flatex

The German online broker Flatex is based in Frankfurt am Main. The company was founded in 1999 and the online broker started its business in 2006. The company is even listed on the stock exchange itself and went public in 2009. Since 2014, the online brokerage business has been part of the FinTech Group Bank AG brand.

Flatex now has a customer base of over 210,000 clients and 10.1 million securities transactions are carried out annually with a deposit volume of 7.5 billion euros. Through the broker, one can trade shares, certificates, warrants, bonds, open-ended investment funds, ETPs, CFDs, FX and ETFs.

No consultation

However, the company does not offer any investment advice. In 2018, Flatex was named Best Online Broker for the sixth time in a row. In addition, the broker has received many awards over the years. However, on 15 March 2017, something bad was introduced for all investors. In the meantime, one has to pay 0.4 percent negative interest for credit balances in the clearing account.

This makes Flatex the first institution to charge a negative interest rate and to charge the costs to investors. The platform also does not have its own banking licence, but handles the accounts and deposits via the bank of FinTech Group Bank. This means that deposits are secured up to 100,000 in the event of insolvency. Over 250 different ETF savings plans are offered without an order fee and a total of over 750 different ETFs.

FeeCosts
Deposit opening and management free of chargefree of charge
Single premium3,80€
Costs per savings deposit1,5€

Opening an account

Various personal data are again required to open the account. On the whole, the information is similar for all institutions and differs only slightly. After the securities account has been opened, the desired savings plan is selected and the savings rate is set.

However, the minimum amount must be 50 euros. After all the necessary settings have been made, you have to make your selection and thus complete the order with a TAN. Just as with other banks, you now have to wait a few days until the order has been processed.

However, since Flatex does not manage the accounts independently, the waiting time here is a bit longer. Faltex also offers the modification or deletion of savings plans. In addition, automatic investment in the fund is permitted as long as the distribution amount of €25 is reached. If you want to withdraw money from the savings plan early, you have to observe the minimum withdrawal amount of €50.

If you have any questions, you should definitely contact the customer service before investing. You can reach them by phone from Monday to Friday between 08:00 and 20:00. There is a hotline for interested parties and one for customers. The platform also scored very well in Stiftung Warentest’s financial test with regard to the costs for a securities account and the trading fees.

Alternatively register with our test winner

10 Targobank

Targobank advertises four actively managed ETF portfolios on its site.
There are Defensive, Conservative, Moderate and Growth. They differ primarily in their risk tolerance. This ranges from 2% to 15%.

However, the monthly costs also increase with the risk. But where does the increased risk come from? Through the percentage of shares in the ETF. With the growth variant, the percentage of shares is between 25 and 90 percent.

You can invest with Targobank from as little as €25 per month and there is apparently no front-end load. Furthermore, 25 different ETFs and index funds are made available to the customer, which is a very small number compared to other institutions.

However, the FAZ and the Institute for Asset Accumulation awarded Targobank’s offer. Among other things, as the “Best National Branch Bank“. However, the comparison of the best ETF brokers does not analyse which guidelines were decisive for this.

In addition, Targobank also offers financial planning. However, this does not include investment advice, only general advice.

FeeCosts
Custody account management per year1.14% to 1.16% per year
Costs per order2.5% (min. 1.50€ and max. 3.00€)

Alternatively register with our test winner

11. savings bank broker

To give you a comparison with the online offer of a conventional branch bank, trading via the Sparkassen Broker is explained here. As you can see below, the fee for the savings rate is almost twice as high and the fees per order are also significantly higher.

However, there are no major advantages compared to customers of online banks. Over 600 different listed index funds are offered and you can put together the ETF savings plan you want.

Otherwise, the site is very confusing compared to the DKB or Onvista website. You don’t get the information you are looking for at a glance, but have to search for it everywhere. However, you can not only trade ETFs and shares via the Sparkassen Broker, but also invest very speculatively in CFDs.

There is also a securities account for minors, as with DKB. For the investment, you also have to set up a securities account with S-Broker and select the desired ETF. After confirmation with the TAN sent to you, the buy order is executed.

Costs

FeeCosts
Costs per savings rate2,50€
Settlement fee per order0,49€
Costs per order4,99€ + 0,25 per order (min. 8,99€ and max. 54,99€)

Of course, it is up to each investor whether he prefers an online bank or a branch bank, but the advantages clearly speak for the online bank. However, if you want to spend more money for fewer options, then every investor can decide that for themselves. An expensive broker is always better than shady trading bots (Bitcoin Code, Bitcoin Profit, Cryptosoft, etc.).

Register now with Sparkasse Broker

12. skilling.com

ETFs can also be traded via CFDs. CFDs are high-risk financial instruments which, on the one hand, always carry the risk of total loss of the investment. On the other hand, high profits are possible if you correctly assess the price developments and recognise trends.

Skilling.com is still a relatively young provider that allows its customers to trade CFDs. In our Kryptoszene.de test, Skilling.com was able to convince. So anyone looking for a suitable CFD exchange should give this platform a chance.

With Skilling.com, you are on the safe side both legally and in terms of seriousness. This platform is regulated by CySEC and has all licences. Anyone who wants to trade CFDs needs their own Skilling.com account.

Skilling fees

FeeCosts
ETF purchase4%
Sale of ETFs3%

* The premium for premium accounts is 3.5% (long) and 2.5% (short)

The Skilling.com Trading

Those who want to trade ETFs via CFDs will not be disappointed by Skilling.com. Countless features and functions are offered that allow investors to develop very specific trading strategies. Even newcomers should not miss out at Skilling.com. In the training area, the risks and opportunities of CFD trading are explained in detail.

Now it remains to hope that you have a lucky hand in dealing with CFDs and then you can certainly look forward to your first profits soon.

Register now with Skilling

ETF Broker Test 2021 – Which factors are important?

Anyone who does not define criteria for an ETF broker comparison from the outset runs the risk of making an arbitrary assessment. The following aspects played a role in our decision:

  • Is it an ETF broker without margin calls?
  • Are they German ETF brokers or is the offer at least available in German?
  • Cheapest ETF Broker?
  • Does the ETF broker offer a demo account?
  • Is there an ETF broker bonus when choosing a provider?

1. ETF Broker Fees & Costs – What is the cheapest ETF Broker?

It is not so easy to determine which is the cheapest ETF broker. This is mainly because there are different funding models. Some, for example, earn by charging fees on deposits and withdrawals. Other ETF brokers, on the other hand, only make profits through the spread.

The term “cheapest ETF broker” is always relative. Favourable for whom? Some providers are particularly favourable for professional traders with high trading volumes, while others are more favourable for those who only trade occasionally. For this reason, we have decided to set a healthy average.

The costs at ETF Broker are caused by issue surcharges that are due with every trade. In addition, regular administration and management fees are charged by the ETF issuers (TER).

The investor’s advantage lies in the price performance of the ETF, through which they earn their income. As the price rises, their deposits also increase in value. With monthly savings, the value of the investment increases and additional net income can be generated.

To compare the commissions when buying ETFs, let’s take the following example:

  • We buy ETFs worth €1,000
  • We hold the ETFs for one year and sell them again.
  • We assume that the rate will not change in the 30 days

With these assumptions, the following fees apply at Comdirect, eToro & Libertex:

ProviderComdirectetoroLibertex
Depositfree of chargefree of chargefree of charge
Purchase fees3,90€0%0,022%
Holding fees0,12%free of chargefree of charge
Sales charges3,90€0%0,022%
Paymentfree of charge5 USDfree of charge
Total fees9,00€4,22€4,40€

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2 ETF Broker Demo Account

Attentive readers of this article already know: All ETF brokers that made it onto the ranking list of the best providers are ETF brokers with demo accounts. This criterion was extremely important to us. Platforms that do not have such an option in our online broker test have far worse chances from the outset. Why?

Especially for beginners, it is imperative to try out the first steps in ETF trading in this way. A demo account helps to get to know the platform and the provider first. This gives you the opportunity to trade with virtual credit before you invest real capital. You can also follow live prices and plan long-term strategies.

3. ETF Broker Bonus

There are more and more platforms. As a result, competition is also increasing. For this reason, more and more providers offer an ETF broker bonus. For example, you receive a bonus when you register or when you refer friends. We have looked at the bonuses, but we are convinced that this is not the decisive factor in our ETF broker comparison.

Which is the best ETF broker depends on many factors. After all, an ETF broker bonus is usually only something one-time. Whether someone is successful, however, only becomes apparent in the long term. And here, completely different things are important.

We therefore consider it an ETF broker bonus if, for example, there is the possibility of being kept optimally informed through stock exchange news and being provided with numerous opportunities for further training.

4. customer service & support

Of course, an ETF broker must also have good customer service. The support should be available in several ways, after all, many users entrust their money to the platform. Conversely, they must of course also assume that their money is in safe hands.

If you don’t even have the opportunity to contact the operators, you certainly don’t have a good feeling about this. However, one thing is certain: In this ETF broker comparison, our test winner eToro has the best and most reliable support. So no uncertainties are to be expected in this regard.

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5. licence

The regulation of an ETF broker is equally important. This is also an important clue that can be used to determine whether the provider is reputable or fraudulent.

Again, all tested ETF brokers can be recommended without hesitation, as they are regulated by different authorities. The ETF brokers are also monitored by various financial supervisory authorities. Most of them also offer separate accounts – so that customer funds are protected in the event of insolvency.

Our test winner eToro also has a government deposit guarantee of €20,000 and is fully regulated and licensed.

6. the ETF brokers’ offer

AssettseToroLibertexPlus500
Shares 
ETFs  
Cryptocurrency 
Raw materials 
Forex 
CFD

It should be noted that Libertex and Plus500 are pure CFD and Forex brokers. eToro, however, also offers the purchase of physical assets.

ETF broker without margin call

When trading CFDs on ETFs, a margin must be deposited. Due to the leverage effects, losses can exceed the stake. In most cases, the positions are then closed by the broker if the trader does not comply with the broker’s demands to inject additional capital.

In UK, it is de facto no longer legal to offer a margin call. Consequently, all tested providers are ETF brokers without margin requirements. Nevertheless, it is important to proceed strategically and to prepare the ETF trading strategy in advance. Risk management is essential to avoid total loss.

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7. functions of the ETF brokers

FunctionseToroLibertexPlus500
iOS & Android 
Apple Watch compatible  
Real-time charts 
Price alerts 
Watchlist 
Mobile Trading
Account management 
Demo account 

8. deposit options of the ETF brokers

Deposit optionseToroLibertexPlus500
Credit cards 
PayPal  
Instant bank transfer 
Skrill 
Neteller 
Giropay
Bank transfer 
Other 

What are ETFs actually?

An ETF is an exchange-traded fund based on specific industries, technologies or indexes.  By including different shares or other securities, the risk is spread. An ETF in which the performance of an index is represented can, for example, only deal with DAX shares or TecDax shares.

As a risk-conscious investor, you have probably heard of these so-called exchange-traded funds. One has been given a relatively safe investment option, which, however, can also generate high profits if one has chosen a good sector. It is not uncommon for the fees to be lower than for trading in shares.

Since an ETF does not only invest in one share or fund, but in a wide range of different securities, a good diversification is possible. When investing in exchange traded funds, it is nevertheless important to inform yourself about the different ETFs in order to find the right offer.

The history of ETFs

In 2000, the first ETFs were offered on the German stock exchange XETRA. Within a few years, further investment options and combinations were added. This appeals to a wider range of customers. In addition, the investment option suits many private investors as it is not particularly risky.

The possibilities

As an investor, you can also choose from different options. Some banks offer automatic reinvestment and other credit institutions allow payouts at short intervals. However, since ETFs do not require a fund manager and are passively managed, they are significantly cheaper than classic investment funds.

This allows you to place many buy and sell orders within a short period of time without having to pay particularly high fees. However, it should be noted that the securities are traded on the stock exchange and are therefore subject to special trading hours. For this purpose, you should contact the depository bank and possibly obtain information by telephone.

German ETF brokers or international providers?

Whether the headquarters of an ETF broker is in UK is basically not decisive. It is much more important for most people whether the platform is available in German, whether it is subject to European law and whether it is sufficiently regulated. In this ETF broker comparison, this applies to all tested providers.

ETF Broker Comparison Switzerland: Best ETF Broker

In our ETF broker comparison, we naturally also looked at the question of which broker is best suited for Switzerland. In general, we can recommend all the ETF brokers we tested, but our test winner here is also eToro. At eToro, you have a large range of ETFs that you can also purchase in Switzerland without any problems. The conditions are of course the same as those for UK.

ETF Broker Comparison Austria: Best ETF Broker

Austrian citizens can also rely on our test winner eToro. Since the platform and the customer service are available in German, there are no other problems here either. Moreover, the same applies here for Switzerland and also for UK: the offer and conditions are the same. In our ETF broker comparison, we found that eToro offers the best selection of ETFs.

Register now with Etoro

ETF Broker Comparison – Branch Bank or Online Bank?

After deciding on ETFs, investors still have to decide whether to open a custody account at a bank online or at a long-established credit institution. In December 2018, Stiftung Warentest’s Finanztest magazine published a major cost comparison of the various lending institutions.

There you can clearly see that branch banks such as BBBank, Deutsche Postbank, Hypovereinsbank, GLS Bank and Deutsche Bank, for example, have significantly higher annual costs than online banks. However, if direct and personal contact is important to you, you can expect higher ETF fees.

Of course, you can get advice at a branch of the bank, but you can also get it on the phone at the other credit institutions. Compared to the branch banks, the annual fees of Deutsche Kreditbank (DKB), ING-Diba, Consorbank and Onvista Bank were in part 90 percent lower.

The cheapest banks were Onvista, NIBC Direct, Flatex and DKB. In principle, the online banks have almost only advantages in direct comparison to branch banks. Of course, the latter often have special offers for customers with online banking, but the costs for the branches have to be passed on to the customer somewhere.

Moreover, the low prices speak for themselves. However, these are not fraudulent websites, but also large banks and brokers that already have several million customers.

Buy ETF? Better online!

Since the online banks perform significantly better in a direct comparison, some examples of such ETF brokers are given here and background information on the companies is provided. In addition, the investment in ETFs is explained step by step for each provider discussed here. Of course, there are also crypto ETFs, but these are not described in more detail in the ETF broker test.

ETF Broker Comparison Stiftung Warentest

Stiftung Warentest also conducted an ETF broker comparison. However, only credit institutions and banks were scrutinised in the test. Furthermore, only banks that are only available to customers resident in UK were taken into account.

In Stiftung Warentest, however, online brokers came out on top. Even the most expensive online brokers are still cheaper than the traditional house bank. With your own bank, you pay significantly more fees and commissions, as you also pay for the banks’ staff costs. This is not the case at all with online brokers.

In addition, ETF online brokers are far simpler and more modern. Although there is no need for a personal on-site meeting, you can always contact the online brokers’ customer service. In addition, ETF brokers usually offer helpful support and training pages with which you can also educate yourself.

Accordingly, in the ETF broker comparison by Stiftung Warentest, the verdict for the classic bank was rather poor. Accordingly, they were ranked last. That is why we also recommend using an online ETF broker. In this case, we recommend our test winner eToro.

ETF Savings Plan Broker Comparison: Best ETF Savings Plan

Of course, you can also set up an ETF savings plan. With savings plans, you pay in a certain amount every month. This promotes savings discipline and you can focus on a long-term investment. While people used to leave their hard-earned money in a savings account, more and more people are now turning to ETF savings plans.

The reason is obvious: banks invested the money globally and thus generated returns to pay interest on the savings deposits. Today, interest rates are so low that most investors prefer models that invest in shares on a monthly basis. Stock markets are generally rising, and annual returns are in the 7% range if the investment horizon is long enough. You can use this to your advantage by investing in an index-tracking ETF.

With an ETF savings plan, you invest regularly in a selected ETF, which means that the investment process is fully automatic once the savings plan is set up. Besides, you benefit from the average cost effect – this means that you get more ETF shares for your money when share prices are low and less when they are high.

This means that if you invest 3,000 euros once and from then on invest only 50 euros every month with an average return of 7% per year over a period of 30 years (until retirement), you will achieve assets of 81,640 euros as a result of this time.

For an ETF savings plan, we recommend our test winner eToro. Whether for children, consumption or retirement: eToro offers numerous ETF savings plans with which you can build up a small fortune over the long term. Check out eToro for your ETF savings plan to tap the full potential of your money!

Set up an ETF savings plan now at eToro

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ETF broker comparison – the top 5 in detail

ETF savings plan calculator: This is how much money you could earn with ETFs:

Start-up capital (€):

Savings rate (€):

Saving length (years) :

Yield:

MSCI World: (7.7%)

DAX: (6.08%)

S&P 500: (7.95%)

Individual return on investment:

Saving…

Years later, your investment will be worth so much:

Invest in ETFs now

Investment growth over time

Investment balance at year

ETF Broker Comparison: The Conclusion

There are countless providers of ETFs on the internet. However, online banks perform fundamentally better than, for example, branch banks. The reason is, among other things, the ETF fees, which are often almost half as cheap.

Another option is to buy and sell shares or invest in cryptocurrencies, but here the risk quickly increases significantly.

Our test winner stands out in the comparison of the best ETF brokers. Here, low fees are combined with a wide range of investment options. You can easily purchase ETFs here.  Other investments, such as currency trading, are also possible here.

In conclusion, it remains to be said: The investment type ETFs is also suitable for newcomers and enables an entry into online trading. The risk is comparatively low and you can also invest your money in the long term in this way. Kryptoszene has listed the best ETFs.

Recommended broker

Open a custody account with eToro

5

  • Top dog on the broker market with numerous features
  • Fully licensed and regulated
  • Apps for Android & iOS allow mobile access to depot
  • Buy shares without commissions – other fees may apply

Open a securities account now!

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ETF Broker Comparison: FAQs

What does ETF stand for?

ETF is the abbreviation for Exchange Traded Fund. This is a fund that is traded on the stock exchange and in which one can invest

Do all online brokers offer ETFs?

Investment in an ETF is possible with most major platforms. Today, ETFs are at least as popular as share trading itself. Only with small, sometimes very specialised online brokers should you check in advance whether ETFs are offered.

What are the costs of purchasing Etfs?

Depending on the online broker, you pay a fee of €5-10 for the purchase of an ETF. In addition, trading fees may apply.

Are ETFs safer than shares?

Investing in an ETF is usually a more conservative form of investment. This means that both the risk and the chances of profit are usually lower than with individual shares. Of course, this always depends on the type of ETF in question.

All trading is risky. No guarantee of profit .Any content on our website is for information purposes only and does not constitute a recommendation to buy or sell. This applies to assets, products, services or other investments. The opinions communicated on this site do not constitute investment advice and independent financial advice should always be sought where possible. This website is available to you free of charge, but we may receive commissions from the companies we feature on this website.

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EToro Screenshots (9)

Overview

Sebastian cobbler

/ Last Updated 16 March 2021

The trading platform eToro is best known for its YouTube advertising and the buzzword social trading. Trading is supposed to be easier and more uncomplicated than ever before and it is also possible to invest in Bitcoin, Ethereum or other cryptos.

But is it a licensed provider that works seriously?

How does the eToro trading platform perform in the test? What are the advantages and disadvantages? What eToro experience does the test reveal? A detailed review of the social broker provides answers.

What speaks in favour of the provider? Where are the fees? And how good is the app?

Kryptoszene.de has addressed these and other questions and summarised the eToro experience. On this page, prospective traders can find out everything important about the popular crypto, stock, forex broker and CFD broker.

Recommended broker

Our recommendation: Trading with eToro

5

  • 0% fees when buying shares and ETFs
  • Fully licensed and regulated
  • Apps for Android & iOS allow mobile access to depot
  • Top dog on the broker market with numerous features
  • Easy cryptocurrency trading with integrated eToro Wallet

Register now!

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Advantages and disadvantages of eToro

  • Wide range of trading opportunities
  • Many deposit methods
  • PayPal available
  • Good customer service
  • Clear and modern trading platform
  • Social Trading
  • Only 16 cryptocurrencies

Above all, eToro Copy Trading is an absolutely unique selling point of the trading platform, which leads to positive eToro experiences. The website is programmed in a modern way, informs every new and experienced investor several times about the risks of trading and shines through the constant further development of the offering.

The eToro test shows that the website has a wide range of stocks, forex, digital currencies and commodities.

For some, however, it may be a drawback that only 16 cryptos can be traded directly, which is only mediocre compared to other exchanges.

But where else can you expand your portfolio so elegantly with shares and CFDs and copy competent investment strategies quickly and easily via the social functions? In addition, the eToro app offers a wide range of investment options.

The possibility to follow other users and imitate their transactions is remarkable. Logically, the exchange between investors is also promoted here.

In addition, new traders can quickly learn and familiarise themselves with the material via the demo version and the in-house blog.

Recommended broker

Our recommendation: Trading with eToro

5

  • 0% fees when buying shares and ETFs
  • Fully licensed and regulated
  • Apps for Android & iOS allow mobile access to depot
  • Top dog on the broker market with numerous features
  • Easy cryptocurrency trading with integrated eToro Wallet

Register now!

Your capital is at risk. Your capital is at risk.

Register now!

Your capital is at risk.

What is eToro?

Founded in 2007 in Tel Aviv, Israel, eToro refers to itself as a multi-asset platform and the leading social trading provider in the world.

With registered offices in the UK, Cyprus, Isreal and China and over 10 million customers, the platform pursues its stated mission:

“To make the global markets accessible for everyone to trade and invest in them in a simple and transparent way “Mission Statement eToro

eToro therefore offers the possibility to trade well-known stocks such as Apple, Google, Facebook and many more. But also other investment opportunities such as derivatives on commodities (such as oil, gold, silver, cocoa and coffee) as well as foreign exchange, ETFs and other different indices are part of the offer, which leads to very different eToro experiences.

Cryptocurrencies are also available for buying and selling. The provider does not limit itself to the best-known cryptos such as Bitcoin, Ethereum and Litecoin, but also Ripple or Zcash and other rather unknown cryptocurrencies can be traded.

All in all, several cryptocurrencies are offered for trading and the range is constantly expanding.

Shares & Cryptocurrencies at eToro

Founded by Yoni Assia and Ronen Assia, eToro has continued to develop over the years.  In 2009, the web trader with the trading platform was added, and in 2011 the Android and iOS app was released.

In 2013, further shares of well-known companies were added and in 2017, the portfolio was expanded to include cryptocurrencies such as Bitcoin, Ethereum, Litecoin and many more. In 2018, an in-house cryptocurrency wallet for Android and iOs was also introduced.

Today, the team comprises 19 employees and has 5 investors from all over the world. For the founders, the following company values are particularly important: simplicity, innovation, entertaining, openness and quality.

Company details

ASSETS

  • Shares
  • ETFs
  • Cryptocurrencies
  • Commodity & Currency
  • Indize – CFDs

FUNDAMENTAL

Country: UKLicence
: FCA, CYSEC,UKFounded
: 2007

CUSTOMER SERVICE

  • Live chat
  • Email
  • Phone

Tradable cryptocurrencies (e.g. Etoro Experience Bitcoin)

Cryptocurrencies were added in 2017 and new coins are constantly being added.

The website now offers 15 different digital currencies and many possible currency pairs.

  • Bitcoin
  • Ethereum
  • Bitcoin Cash
  • Dash
  • Ripple
  • Litecoin
  • Ethereum Classic
  • Cardano
  • IOTA
  • Stellar
  • EOS
  • NEO
  • TRON
  • ZCASH
  • Binance Coin
  • Tezos

So via eToro you can buy Bitcoin or other cryptocurrencies.

Some cryptos can even be transferred to the in-house wallet.

With other coins, the broker itself manages the tokens for the user. If the leverage function is used, the corresponding trades are processed as CFDs.

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Buy eToro shares

It is wonderful to buy shares on eToro. There is a special feature compared to conventional share accounts. Stock trading on the platform is actually possible without any commission. Gone are the days when you had to pay high fees to buy shares in companies.

eToro is therefore taking a special approach here, which is being copied more and more. eToro emphasises that this zero commission applies to the opening and closing of a position. This refers to the traditional trading fees that are common practice with other brokers.

For short positions and leverage, however, one must definitely reckon with costs.

After all, buying shares at eToro is not done in just one way. Rather, one has been given the option of bringing the real trading assets into the custody account or merely investing in derivatives via CFD positions.

This investment is therefore aimed at the price trend and not at the acquisition of the share itself. However, you can only collect dividends with real shares.

The available shares are distributed across global markets. The platform also allows a subdivision into different investment areas such as technology or consumer goods. In total, there are around 2,000 shares from 17 stock exchanges worldwide and a minimum amount of 50 USD is required per trade.

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eToro Experience and Review

Millions of people already use eToro’s trading platform, the diverse functions of the offering and social trading. Reason enough for Kryptoszene.de to conduct an eToro test.

The aim is to assess the eToro platform, how fast and easy it is to trade Bitcoin or other forex via eToro and what costs the investor may incur in the form of fees.

Our eToro experience allows an insight into the app and presents all the important information of a full eToro review.

This review will also cover eToros licensing and regulation, website features, security measures to protect investors, fees and ease of use.

What is the minimum deposit?

When talking about the minimum deposit at eToro, you have to differentiate. Is it about the very first deposit directly after opening the account or is it about traditional regular deposits or subsequent payments to the account.

Generally, eToro calls its fees and minimum deposits in US dollars. For example, a deposit of $200 is required for the initial opening and loading of the trading account. All further deposits are then possible from as little as $50. This is not actually associated with any costs, as the funds are made available again for trading.

Minimum depositAmount
First deposit200 USD
The following deposits50 USD
Bank transfer500 USD
Residence Australia, USA50 USD
Residence Algeria, Lebanon, Maldives, VenezuelaUSD 5,000
Residence IsraelUSD 10,000
Company accountUSD 10,000

The minimum deposit counts for the transaction methods via credit card such as Visa, Mastercard or Maestro, PayPal, Neteller and Skrill. Alternatively, you can also use a normal bank transfer, which is possible from a minimum amount of $500. Of course, the values are then converted from a German bank account.

For customers from the Federal Republic of UK, the following values are no longer quite as relevant, but they should nevertheless be mentioned for the sake of completeness. Finally, users residing in Australia and the USA are only confronted with a minimum amount of $50 even for the first deposit.

The situation is different for investors from Algeria, Lebanon, the Maldives or Venezuela. Here, a whopping $5,000 is required. Those living in Israel have to pay a total of $10,000 to be able to start trading. The same also applies to corporate clients.

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Open a demo account with eToro

Simply use our instructions above to open a trading account with eToro. Because you can also access a demo account without making any deposit.

Etoro itself recommends its users to use this demo mode for better eToro experience e.g. in social trading or forex broker trading.

Experienced traders use demo trading as well as real trading. On the one hand, they can try out certain strategies and, on the other, put their exercises into practice.

At first, it is not entirely clear how you get to eToro experience with the demo account. But a closer look at the menu reveals a small window that lets you switch back and forth between real trading and virtual trading. To open the account, you don’t have to do anything major other than open a normal account.

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eToro Test: Social Trading Experience

Here is an overview of eToro’s core functions:

  • Social Trading
  • Copy Portfolio
  • Daily market overview
  • Business calendar
  • Blog

One, if not the most special feature of eToro is following and copying other investors, so-called social trading.

The best traders are copied by hundreds, if not thousands of social trading traders with this feature, taking much of the work out of social trading, especially for novice investors.

Through social trading, the investments of a friend or another successful investor can be replicated and incorporated into one’s own portfolio.

Social trading (copy trades) removes an inhibition threshold that often made it difficult for inexperienced investors to enter active trading in the past and significantly increases the fun factor. Social trading is an excellent function for both beginners and experts.

eToro Copy Trading

Another type of social trading is CopyPortfolios or “Market Portfolios“.

CopyPortfolio are bundles of shares and other assets that you can invest in like a mutual fund. Of course, these are CFD positions, not holdings of actual securities, but they are traded just like funds or ETFs.

CopyPortfolio follow topics:

  • For example, they allow investment in a banking theme, buying positions in large banks and fintech companies.
  • But also Consumer Tech CopyPortfolio or a Cannabis Medical CopyPortfolio are available for selection and can be transferred to your own portfolio.

This type of investing not only makes it easier for new investors to enter the world of share trading, but also enables experienced traders to learn new strategies from other investors and adapt them to their own investment strategy.

Recommended broker

Our recommendation: Trading with eToro

5

  • 0% fees when buying shares and ETFs
  • Fully licensed and regulated
  • Apps for Android & iOS allow mobile access to depot
  • Top dog on the broker market with numerous features
  • Easy cryptocurrency trading with integrated eToro Wallet

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  1. For copying another investor, one chooses the desired commodity or a corresponding copy trader in which one would like to invest.
  2. Now you make the remaining settings according to your personal preferences. For a selected commodity, an overview of possible investors is displayed.
  3. The desired trading capital must then be defined and confirmed via the “Invest” button.

If you have any questions or requests, Etoro supports you with a comprehensive help section that includes several FAQs. Frequently asked questions are answered there.

In addition to a daily market overview, eToro offers an economic calendar and a quarterly calendar.

Furthermore, there is also an eToro blog with news from the platform and a deeper insight into the world of cryptocurrencies and other types of trading.

Best traders on eToro

Copytrading on eToro naturally confronts users with the question of who to follow. Recently, eToro itself sent out a newsletter on the subject with impressive figures for Q3 2020. More than half of these traders (62%) outperformed the S&P500 index.

Even more interesting: A full 82 % of these investors are profitable. Around a third of them are up by more than 30%. In this respect, the question about the best traders on eToro is absolutely justified.

An interesting example is the trader Hao Ning NG from Australia, which has almost 700 copiers. No wonder, with a performance of around 76 per cent per year.

Christian Tarasi from Italy also took a high risk last year and is currently up almost 73 per cent.

Mantas Dabkevicius is currently third in our recommendations of the best traders to copy on eToro. The Dane focuses primarily on overbought stocks and thus generated a plus of over 60 percent in 12 months.

eToro Charts: An Overview

On the eToro platform, each financial instrument has its own chart, which is an important tool for tracking and analysing performance and history. The eToro charts always show the selling price. If you want to determine the purchase price, you have to add the spread to the prices on the chart.

In general, each financial instrument offers its own feed, statistics, charts and research once you have selected the desired asset. These fields provide you with more information on the trading asset, which you should definitely take advantage of.

Via the feed, you receive the latest information about the commodity from various traders. This can be compared with the feeds of other social networks. Under statistics, you can have a chart of the asset displayed, which can be set from 1 day to MAX (since opening). In addition, you get information on the previous closing price, daily volatility, 52-week range and the 1-year return.

eToro Chart: Explanation

If you want to look at the chart of the trading asset, you first see the performance of the financial instrument in the standard view using candles. The colour of the candles indicates whether the value of the asset has risen or fallen. Accordingly, red indicates a price drop and green a price increase.

If you now click on the two arrows at the top right, you can see the advanced chart settings. Here you can set the time period for the candles you want to analyse. The default view is 1 day.

If you then click on the pencil icon, you will get further tools and studies that may be relevant for your own analysis.

Among other things, you can change the time span, choose the chart type, select tools, view studies, see comparisons with other traders and set the time zone.

Recommended broker

Our recommendation: Trading with eToro

5

  • 0% fees when buying shares and ETFs
  • Fully licensed and regulated
  • Apps for Android & iOS allow mobile access to depot
  • Top dog on the broker market with numerous features
  • Easy cryptocurrency trading with integrated eToro Wallet

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The eToro App

The eToro app was designed for Apple and Android smartphones back in April 2011. This meant that investors could carry out every transaction on the move from that point onwards.

The app works on pretty much every mobile device. Alternatively, the eToro website can also be accessed in the smartphone browser without installing an app.

This means that you can trade cryptocurrencies and other assets with complete flexibility whenever and wherever you want.

According to the operator, the app includes pretty much all the functions of the desktop variant, including currency trading, share and CFD trading.

In the eToro test, all live prices of the tradable cryptocurrencies were also displayed. In addition, you have the mobile option of viewing an overview of all purchases and sales made.

The eToro app has already been downloaded over a million times. At 69 MB, it is also compact enough not to take up too much space on the end device.

eToro reviews in the stores are usually answered directly by eToro support.  Regular updates ensure a safe eToro app experience.

eToro Test: Payment methods

To make a deposit on the platform, you need a Visa or MasterCard card, be a Diners Club member or have an account with PayPal, Skrill, Neteller, UnionPay, Webmoney or Yandex.

Every prospective investor should have such a payment option if they want to get involved with online trading.

Deposit options

  • Paypal
  • Skrill
  • Neteller
  • UnionPay
  • Webmoney
  • Yandex
  • Visa
  • Mastercard
  • Diners Club

eToro Experience: Licence & Security

According to the website, security is very important.

Accordingly, the account and the investors’ money shall be protected at all times.

eToro holds its clients’ funds in European Tier 1 banks. A Tier 1 bank is an institution with a very high core capital. They are considered to have a particularly high risk-bearing capacity.

In addition, the site works with SSL encryption, so that attacks from outside are not to be expected.

eToro (Europe) Ltd. is a financial services provider licensed (license number 109/10) by the Cyprus Securities Exchange Commission (CySEC) and subject to its regulations. Source: eToro website

The broker’s licence (Forex Broker, CFD Broker, Stock Broker, Commodities & Crypto Broker) originates from the EU country Cyprus. European regulations must therefore be adhered to, otherwise eToro would not be able to offer its service in the first place.

The deposit guarantee goes up to 20,000 euros.

It should be noted that cryptocurrencies are still not regulated. Anyone who dares to engage in crypto trading does so without the protection of the community of states.

eToro Test: Customer Service & Support

As soon as a problem or question arises during trading, contact support. At eToro you have several options for contacting customer service.

If you are already a registered investor, select the corresponding tab under “Online Help”.

You can also use the handy live chat or pick up the phone.

For future investors, there is the possibility to make a new request and leave one’s e-mail address in a contact form with a message.

The customer service works around the clock from Monday to Friday.  Even in the Android or iOS Store, employees of the Forex & CFD Broker respond with a personal message after just a few days.

The fact that you can also use the support in several languages is another advantage.

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75% of private investor accounts lose money trading CFDs with this provider

eToro fees

ProvidereToro
Depositfree of charge
Crypto trading fees0,75% – 5%
Trading Fees Shares & ETFsfree of charge
Trading fees forexfrom 1 pip
Trading fees commoditiesfrom 2 pip
Holding feesfree of charge
Payment5 $

The underlying pricing at eToro is much simpler than most competitors.

There is no deposit fee and no commission, instead eToro makes its money solely from the spread.

An overview of eToro fees can be found listed on a subpage of the FAQs.

The individual transaction fees per currency, commodity, share or foreign exchange are clearly listed and you get a transparent insight into all other eToro fees.

eToro fees: Cryptocurrencies

The fees for cryptocurrencies currently range between 0.75% Etoro Bitcoin fees and 5.0% for Tezos.

As a rule, the spreads on crypto positions are larger than on classic assets, as they are characterised by higher volatility.

CryptocurrencyFees/Spread
Bitcoin0,75%
Ethereum1,90%
Bitcoin Cash1,90%
Ripple2,45%%
Dash2,90%
Litecoin1,90%
Ethereum Classic1,90%
Cardano2,90%
IOTA4,5%
Stellar2,45%
EOS2,90%
NEO1,90%
TRON3,5%
ZCASH3,5%
Binance Coin2,45%
Tezos5%

eToro fees: Shares & ETF

In general, there are no fees whatsoever when trading stocks and ETFs at Etoro!

This fact alone makes eToro special in the international Forex broker & CFD broker market.

Only leveraged CFD products incur ETF and equity fees of 0.09%. This is nevertheless surprisingly low and can be explained by the broad diversification and the high stability.

Additional overnight fees and a so-called weekend rollover fee only apply to the CFD variants if the positions are held for longer than 24 hours or over the entire weekend. For more information, see CFD fees.

Fees
Share purchasenone
ETF purchasenone
Brokerage feesnone
Rollover feesnone
Overnight feesnone
Withdrawal fees$5

eToro fees: CFDs

In foreign exchange trading or forex, spreads are measured in pips (“percentage in point” – the smallest price change a platform can register).

At forex broker eToro, pip spreads for stable, popular currency trading pairs are very small. EUR/USD, for example, only has a spread of 3 pips at forex broker eToro. For unusual pairs like USD/TRY, the spread is 50 pips.

In the case of forex CFDs, the overnight charges are calculated in relation to the corresponding pips and the investment amount.

CFDs onFees
Sharesfrom 0.09
ETFsfrom 0.09%
Foreign exchangefrom 1 pip
Raw materialsfrom 2 pip
Short orders in cryptocurrencies0,75%
Withdrawal fees$5

More eToro fees

Overnight fees

These fees are only and exclusively incurred when trading CFDs and also social tradinf and also only if these are not closed overnight.

eToro fees at this point are calculated from the value of the position and are essentially a form of interest payment to cover the cost of leverage.

The CFD & Forex broker points out that the overnight fees can be variable and are subject to daily fluctuations. The fees are also calculated in USD and per night.

Some examples are listed, the daily updated full list can be found here.

CFD onExampleOvernight Fees ShortOvernight Fees Long
Foreign exchangeEUR/USD$ -0.00001$ -0.000059
Raw materialsGold$ -0.011861$ -0.150261
IndicesNASDAQ100$ -0.850497$ -0.943409
Shares & ETFs2.9% + LIBOR6.4% + LIBOR
Short orders in cryptocurrenciesBitcoin$ -4.616477$ -4.616477

Inactivity fees

There is also, for example, an inactivity fee. This applies exclusively in the event that the account is inactive for longer than 12 months (no active registration has taken place).

In such a case, an eToro fee of around 10 euros per month will be assessed until the balance available in the account is used up.

However, no open positions are closed to cover the inactivity fees and a single login is sufficient to reset the inactivity.

If you transfer money back to your original bank account, you will also have to pay eToro fees of 25 euros.

In this eToro experience test, no other negatively noticeable costs were discovered apart from the usual conversion fees, e.g. for social trading.

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75% of private investor accounts lose money trading CFDs with this provider

Comparison of fees with other brokers

To illustrate eToro’s Bitcoin fees, let’s take the following example:

  • We buy Bitcoin for €1,000
  • We keep our Bitcoin for 30 days and then sell it again
  • We assume that the rate does not change in the 30 days.

The following fees are charged by eToro, Coinbase and Libertex:

ProvideretorocoinbaseLibertex
Depositfree of charge3,99%free of charge
Purchase fees1,9%1,49%3,08%*
Holding feesfree of chargefree of chargefree of charge
Sales charges1,9%1,49%3,08%*
Payment5 USD0.15 USDfree of charge
Total fees42,20€68,24€61,60€

Now to eToro

75% of private investor accounts lose money trading CFDs with this provider

Let’s do the same example with shares. Let’s take the following example when buying Spotify shares:

  • We buy Spotify shares worth €1,000
  • We hold the Spotify shares for one month and sell them again
  • We assume that the rate will not change in the 30 days

With these assumptions, we now compare the fees of Comdirect, eToro & Libertex:

ProviderComdirectetoroLibertex
Depositfree of chargefree of chargefree of charge
Purchase fees3,90€0%0,22%
Holding feesfree of chargefree of chargefree of charge
Sales charges3,90€0%0,22%
Paymentfree of charge5 USDfree of charge
Total fees7,80€4,22€4,40€

As it turns out, our CFD, Crypto, Stocks, Commodities & Forex broker test winner eToro has the lowest fees!

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You can also see what amount can be paid out at all. This is related to your portfolio as well as open positions. In contrast, the total equity is made up of the total balance and the unused capital at eToro.

eToro Fees Withdrawal

The minimum withdrawal amount is 30 US dollars. As a rule, the withdrawal is completed via the same method that was used for the deposit. This is particularly important when using a credit card.

If the deposit method is no longer available, it is best to contact customer service.

A somewhat annoying by-product of the eToro social trading withdrawal are special withdrawal fees that unfortunately apply after eToro social trading. For example, a withdrawal costs five US dollars. It would be desirable if the group saved this sum in the future.

Depending on the transaction method, the payout takes different periods of time. If you use a credit card or a traditional bank transfer, it can take up to eight working days. Otherwise, however, the process should be completed in one to two working days.

eToro Withdrawal Tax

Some people may also think about tax when it comes to eToro payouts. Generally speaking, profits from capital gains must be included in the tax return.

This does not even depend on whether you have already paid out the amount, but can already be taken into account when changing the equity in the eToro Social Trading account or CFD & Forex Broker account.

Since the provider is not based in UK, you will have to request special tax documents from eToro, which will then have to be booked as foreign income.

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Best eToro alternatives

At this point we will look at the most interesting eToro alternatives. However, we would like to emphasise that in our opinion none of the following providers can really compete with the industry leader.

1. libertex

Libertex is one of the online CFD providers and thus one of the relevant eToro alternatives. You can look forward to a regulated offer that also allows private clients a leverage of 1 to 30.

Professional users can hedge with a leverage of 1 to 600. Libertex also makes a name for itself in terms of its spread structure. No spreads are set in the first place.

However, cryptocurrencies, commodities, ETFs, foreign exchange, indices and shares are on offer. Especially when it comes to forex, Libertex certainly cuts a good figure.

However, it should be emphasised once again that the provider does not allow real assets to be traded, but CFDs, which can enable higher returns, but are also associated with significantly higher risks than real assets.

In contrast to Libertex, eToro also has the advantage of offering PayPal as a payment method.

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2. plus500

Plus500 is a CFD broker that has been active in the market for several years. Quite a few would call Plus500 eToro’s biggest competitor, as both companies started as online trading platforms at the same time to shake up the market.

In the meantime, however, both offers have moved in different directions.

Plus500 likes to call itself the number 1 CFD provider in Europe in terms of the number of traders. And indeed, you can use all kinds of tools and also trade cryptocurrencies, indices, forex, commodities, shares, options or ETFs.

The big difference to eToro, however, is that you don’t have a choice of whether you want to add the stocks to your portfolio yourself or enter into derivatives. Plus500 relies exclusively on trading with CFDs, while eToro also has real shares or actual cryptocurrencies in its repertoire.

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3. IQ Option

The next interesting eToro alternative is IQ Option. This broker is also globally active and based in Cyprus in the European Union. So you can quickly see similarities between IQ Option and eToro.

In fact, IQ Option also offers a number of advantages, such as a free demo account with a virtual initial budget of 10,000 US dollars, a minimum deposit of only ten US dollars and a minimum deposit of just one US dollar. In addition, you can access over 300 assets, ranging from commodities and indices to currencies and ETFs.

Once again, the biggest difference between the providers is probably the form of trading. While eToro also offers the notorious CFD securities, customers can also enjoy an in-house share deposit account and even an integrated crypto wallet to get started in trading.

Unfortunately, this is not yet the case with IQ Option. However, the offer is certainly suitable for exclusive CFD trading.

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4. capital.com

You still haven’t had enough of eToro alternatives? Then you can also take a look at the Capital.com trading platform. More than 260,000 registered users are already logged on to Capital.com and values with a total value of over $13 billion have been traded.

Interestingly, Capital.com has a novel software that relies on artificial intelligence to analyse users’ trading behaviour.

In a way, this is a unique selling point of Capital.com that eToro cannot offer either. In addition, the provider strives for a zero-provision strategy and favourable spreads for around 2000 different trading assets.

These can be found in the areas of indices, commodities, cryptocurrencies, equities and traditional foreign exchange.

The common ground between eToro and Capital.com is probably the versatility of the trading platforms. There are mobile apps, for example, but also clear desktop earning opportunities.

But once again, eToro is ahead when it comes to payment methods. Because at Capital.com you also look in vain for the ever-popular Paypal.

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5. XTB

EToro has led the way and XTB is now apparently following suit. The broker from UK now also allows real shares to be traded, and just like with eToro, without any commission. This means that XTB is also somewhat more versatile than the other eToro alternatives already presented.

The German broker with registered office in Frankfurt also has forex values, indices and commodities, the aforementioned shares and ETFs, but also CFD trading with bitcoin and other cryptocurrencies. Even the German IOTA can be traded here.

Unlike eToro, however, only derivatives are really possible here. So XTB cannot yet present a real crypto wallet. Nevertheless, we see the provider on a comparatively good path that could possibly challenge eToro’s top position in the near future.

Currently, however, the German provider still has to take a bit of a back seat, even though the company is already active worldwide. The comparison is still won by eToro with its more balanced overall package.

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Is eToro a scam or serious?

Is eToro reputable or a scam?

After a comprehensive evaluation of the online testimonials and an intensive eToro test, a clear conclusion can be drawn: An eToro scam can be ruled out.

The risks involved in trading are consistently and transparently pointed out and the fees incurred are clearly explained.

Image source:Photo by marcoverch

The website is also used by over nine million users and is a licensed CFD and Forex broker. Furthermore, the eToro app has already been downloaded one million times and rated with 4.0 out of 5 possible stars.

eToro is regulated by the Cyprus Securities and Exchange Commission (CySEC) and therefore has a cross-border EU licence to offer its services in all member states of the European Economic Area.

Similarly, there are licences and regulations in the UK, which is regulated by the FCA, the US, which is registered as a money services business with the FinCEC, and Australia, which is licensed by the Australian Securities and Investments Commission (ASIC).

  • EU Licence and Regulation
  • Many users
  • Transparent risk information
  • SSL certificate
  • Easily accessible support

eToro is probably one of the best addresses when it comes to online trading. You can buy and sell cryptocurrencies via the eToro app and the website meets all modern security standards.

A comprehensive and visually appealing FAQ serves almost all enquiries and problems.

In case of special questions (e.g. about social trading), the customer service is immediately on the spot and offers the person seeking help useful tips and an individual solution for almost every problem.

In addition, the site also convinces with its professional, easy-to-grasp, intuitive design and encryption via SSL certificate.

Is eToro Copytrader reputable?

The answer to this question is clearly “yes”. On the one hand, the provider has been successfully active on the market for years and can boast a large number of customers.

On the other hand, European directives apply, as the company is based in the EU. The fact that eToro also offers a variety of payment providers such as PayPal speaks for itself.

eToro reviews and user opinions

As soon as you search the internet for eToro reviews, you will find a wide variety of eToro experiences. Positive users would definitely recommend this platform and write that it works flawlessly.

“Excellent – no reservations, I would recommend this company to anyone, but I think the company should do something about that much people who make comments about withdrawn problem and make more faster withdrawn system… “Anonymous

Some negative voices complain that there is still no payout option for purchased cryptocurrencies.

“There is no option to withdraw your cryptocurrencies yet! After more than a year!”Anonymous

Testimonials from angry investors who have lost a lot of money through speculative trading in CFDs should be ignored when making an assessment, as losses must always be taken into account. This can happen to an investor on any website and should be known to every investor before investing.

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eToro News & Features:

A good broker is characterised by the constant further development of its product range – eToro is a perfect example of this (e.g. with the social trading function):

eToro regularly introduces new features to your existing platform. Of course, eToro shares these with its users on its blog.

The editors of Kryptoszene.de find the following developments particularly exciting:

FeatureDate
eToro now offers Staking rewards for Cardano (ADA) and Tron (TRX).01.10.2020
Spreads as low as 1 pip for EUR/USD and USD/JPY (10 trading pairs in total).17.08.2020
0 % commission on shares at eToro: current investment trends19.05.2020
eToro launches 185 new shares, including Zoom30.03.2020
Withdrawal fees are now 80% lower at eToro19.02.2020
100% capital guarantee on selected CopyPortfolios30.01.2020

Margin call with eToro?

As a general rule, you should always have enough money in your account for trading in order to be able to pay the margin. Sometimes, however, special market conditions can cause you to incur higher losses and your cash capital to slip into negative territory.

Many investors fear that they will then be obliged to make additional contributions. This would mean that one would be forced to pay additional funds.

With eToro there is only a so-called margin call. This means that you can no longer trade and all open trades are closed until the account is no longer negative.

As an investor, however, you are not obliged to actively pay funds in arrears. However, eToro may close other trades and use funds from open positions to settle the balance.

So if you are targeting particularly risky trades, you should not have too many other open trading positions, as these could then be confiscated by eToro, so to speak.

But: an explicit margin call is illegal in the European Union and is not operated by eToro.

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Conclusion: Our eToro opinion & eToro rating

The eToro experience report shows it clearly: There are probably few exchanges or Exchanges that can offer such a variety of trading products.

From cryptocurrencies to shares and CFDs to foreign exchange, a wide variety of positions can be added to the portfolio.

Both the website and the app impress with their modern design and intuitive user guidance, the offer and the app are now available in 20 languages and the customer service is fast and helpful.

With its social trading and copy trading offering, eToro brings a breath of fresh air to the topic of trading and removes many of the obstacles that previously prevented young traders in particular from entering the world of trading.

eToro is a reputable platform that lives up to its reputation, and we would even go so far as to say that it is:

3 steps to an eToro account

Of all the exchanges, forex brokers and exchanges, eToro is one of the best to evaluate and easiest to use.

Recommended broker

Our recommendation: Trading with eToro

5

  • 0% fees when buying shares and ETFs
  • Fully licensed and regulated
  • Apps for Android & iOS allow mobile access to depot
  • Top dog on the broker market with numerous features
  • Easy cryptocurrency trading with integrated eToro Wallet

Register now!

Your capital is at risk. Your capital is at risk.

Register now!

Your capital is at risk.

It does not take much time to open a customer account and you are guided through the registration process.

Step 1: The registration

In addition to the possibility of creating a user account yourself, there are also options to register via a Facebook or Google account, which simplifies the process even more.

For providing some personal data, such as first name, surname and an e-mail address, you get access to the trading platform. Of course, you still have to verify your identity via a link sent to your mailbox.

Step 2: Deposit

As soon as you have set up your account and confirmed your identity, you should transfer the necessary money into your account to be able to start trading.

You have a large number of deposit options and even PayPal is supported.

The only thing to note is the eToro minimum deposit. This is $500 for bank transfers and $200 for all other options. The minimum deposit is higher for corporate clients.

Step 3: Buy Bitcoin or buy shares

As soon as the money has been credited to the customer account, you can start trading immediately, but first you have to decide on an investment type and a desired asset.

Users can choose from various CFDs, shares, cryptocurrencies and many other trading goods.

After selecting an asset, you have to specify the quantity. The fees are displayed immediately afterwards and the transaction is confirmed.

Within a few seconds, you will find the order in your own customer account and you can immediately initiate a sale again at any time via app or desktop.

Direct to eToro

Your capital is at risk!

Buy Bitcoin with eToro

With its simple and modern design, eToro makes it possible to invest quickly and conveniently in various cryptos and add value to your own portfolio.

It only takes a few clicks to go from registration to the first coins in the wallet.

Step 1: Select amount and currency

You can buy cryptocurrencies via eToro and then sell them again very easily. Even the best-known cryptocurrency, Bitcoin, can be bought easily via eToro.

This step-by-step guide explains how to trade cryptocurrencies and describes how to buy Bitcoin or any other cryptocurrency through eToro.

The decisive factor for the price and the fees is the selected initial currency. You select the desired currency pair and the platform immediately displays the current price trend for the day, week and month.

To buy one of these currencies, click on the “K”.

The currency for the payment is then selected. The payment can be completed via another cryptocurrency or via FIAT. The exchange rate and potential prices are displayed.

An overview of eToro fees can be found in the FAQs under eToro Fees and further down in the article. Here, every single percentage is listed for all possible forex, stocks, commodities and cryptocurrencies.

Step 2: The recipient address

The currency is then stored securely in the user account. It depends on the respective token whether it can then also be sent to the in-house wallet.

From there, the coins can then be transferred to other digital wallets.

All other coins are managed by the eToro platform. A payout can only be made after a conversion into real currencies, such as euros.

Step 3: The Wallet

Before completing the purchase of a cryptocurrency, you can see all the data in an overview. The eToro fees are also shown here once again. To confirm the purchase contract, you accept the trade with a mouse click.

The broker has created a special eToro Wallet. This can be downloaded from the Android or iOS store. Once you have purchased supported tokens, you can manage them via the app.

Direct to eToro

75% of private investor accounts lose money trading CFDs with this provider

Open & close a trade with eToro

Basically, trading on the trading platform is not particularly complicated. Either you use the values from your own wish list or you explicitly search for the desired values via the search form.

Once you have opened a page on an asset, you are first confronted with various formations and a newsfeed of other users.

Step 1: Set position

In the upper tab, the user can switch between selling or buying the asset. Especially with cryptocurrencies and also with shares, there is a special feature here that also occurs when using leverage. In the information field, it is written whether the underlying asset is traded or a CFD trade is opened.

Step 2: Open a trade

Select the desired amount, set a take loss, a leverage or a take profit and click on “Open trade“.

If you have not yet deposited any money, you can do so in the next step. Otherwise you will find the transaction directly in your overview.

Step 3: Close trade

The position can then also be closed again with a mouse click. You can do this in the overview by clicking on the red X. In a short time, you can see what return you can expect or whether a loss is imminent when you close the trade.

Confirm your selection with a click of the mouse and the funds paid out are already credited to your account when you successfully win CFDs and when you sell shares or cryptocurrencies anyway.

Direct to eToro

75% of private investor accounts lose money trading CFDs with this provider

eToro: Sell – Sell assets again

If you want to sell your assets that you have previously bought on eToro, this works very simply as when buying the trading asset. In just a few steps, you can then sell again if you wish.

Step 1: Log in & select position

In our eToro test, we use Bitcoin as an example. We have previously bought Bitcoin, which we would now like to buy again. First you log in to your eToro account as usual and then click on Portfolio on the left. Here you have a very good overview of all the assets that you have bought and that are currently in your portfolio.

Step 2: Select asset

In our example, we have Bitcoin in our portfolio, which we then want to sell again. As you can see, in the portfolio you have all the important information about the commodity at hand. This includes the asset, the units, how much you have invested, the profit/loss value and the value that the commodity now has. If you now want to sell, you click on the Sell field.

Step 3 Sell an asset on eToro

After clicking Sell, a small window opens with the title SELL BTC. It also shows the current rate in USD, the rate fluctuations and whether the market is open.

Now you have the possibility to enter the amount you want to sell. You can also set the loss at which you want to close the trade automatically. Once you have decided on an amount, click on Open Trade.

Direct to eToro

75% of private investor accounts lose money trading CFDs with this provider

eToro payout

If you have successfully traded with Social Trading or with the CFD & Forex Broker and now want to pay out your winnings, then click on the corresponding menu item in the menu. An overview window opens that allows you to determine the payout amount.

Of course, one can also make use of the statistics and the chart and other information. But let’s skip that at this point and get to buying or selling a stock.

eToro Test: FAQs

What is eToro?

The provider is an online broker where you can speculate on shares, forex, cryptocurrencies and other assets.

Is it worth opening an account with eToro?

In our test, eToro was convincing. The wide range of trading options and the excellent customer support attract many customers, most of whom are very satisfied with the provider.

How much money should I invest?

The minimum deposit at eToro is set at €190 ($200). The amount of your own investment should depend on your own liquidity as well as on the chosen asset and your own risk appetite. In general, you should never invest money that you actually need elsewhere, as profits can never be guaranteed.

How long does it take to cash out with eToro?

Here, too, the platform is convincing. Withdrawals are processed very quickly and are in your account within a few minutes to 2 working days, depending on the selected withdrawal method.

What are the requirements for me to trade successfully at eToro?

You should always know what you are investing in. The provider offers an academy where you can continuously educate yourself and receive detailed information about all trading options. If you have the necessary know-how, as well as the necessary bit of luck from time to time, nothing stands in the way of early profits.

How high are the fees at eToro?

Fees at eToro are limited to the spread and withdrawal and vary by asset. There is a flat fee of $5 for each withdrawal with a minimum withdrawal amount of $30.

Disclaimer

eToro is a multi-asset platform that offers investments in stocks and cryptocurrencies as well as CFD trading.

CFDs are complex financial instruments. Because of the leverage effect, they carry a high risk of losing money quickly. 75% of private investors’ accounts lose money when trading CFDs with this provider.

Please note to inform yourself about the risks of CFD trading in advance, as high losses cannot be excluded.

Cryptocurrencies are not regulated and their prices can fluctuate greatly. Therefore, cryptocurrencies are not suitable for all investors. Trading cryptocurrencies is not subject to any supervision by EU regulators. Your capital is exposed to risks.

Past performance is not indicative of future results.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability for the accuracy or completeness of the content of this publication, which was prepared by our affiliate using publicly available non-company specific information about eToro.

All trading is risky. No guarantee of profit .Any content on our website is for information purposes only and does not constitute a recommendation to buy or sell. This applies to assets, products, services or other investments. The opinions communicated on this site do not constitute investment advice and independent financial advice should always be sought where possible. This website is available to you free of charge, but we may receive commissions from the companies we feature on this website.

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Sebastian cobbler

Sebastian Schuster specialises in cryptocurrencies and share price analysis. He became involved in financial marketing at an early age and then decided to turn his hobby into a profession by studying Banking and Financing. Besides his main job as an analyst at an influential financial consulting firm, he regularly writes for Kryptoszene.de and analyses charts of stocks and cryptocurrencies.

View all posts by Sebastian Schuster

Experiences (12)

  • All (12)
  • Positive (9)
  • Neutral (1)
  • Negative (2)

Christian

Christian

negative

31 March 2021

Bad spreads, high fees for cashing out small amounts, excitingly different tops/downs than real crypto exchanges –> I tried etoro because of the payment option via Paypal, but I immediately withdrew my money because you cannot transfer smaller Bitcoin amounts into your wallet. Only from 0.008 BTC = today approx. 400€ you acquire BTC that you can transfer to the etoro wallet and (presumably) then also to your private wallet. However, you have to buy the BTC in one purchase – you cannot combine several purchases, e.g. 8x 50€. Therefore uninteresting for me as a “piggy bank” … I don’t want to pay the high spread several times and then only own one CFD. Borderline for me – but probably everything is in the small print somewhere. For me, a platform that advertises that I am acquiring real BTC (and where the 0.008BTC restriction is not immediately recognisable in the advertisement), but which then cannot be transferred to my wallet, is out of the question. Read the fine print!!! Rating in review

Luca Klein

Luca Klein

positive

17 March 2021

I have been with etoro for 2 years and have cashed out a few times, so far I have nothing to complain about.

bitcointrader

bitcointrader

positive

11 March 2021

top

SVen

SVen

positive

6 March 2021

For me, Etoro does not have to hide from other new brokers. The app is great and I also find copy trading an interesting feature.

Christian Weber

Christian Weber

positive

3 March 2021

Great choice for anyone who wants to trade more than just shares. Bitcoin, ETFs, Forex – everything across the board.

Jessica

Jessica

positive

2 March 2021

I am an absolute crypto newbie and signed up with etoro because of the positive reviews. So far I can only say positive things about it. The registration was easy and went super fast. You had to answer a few questions and verified yourself. After that, you could immediately start depositing FIAT currencies via various payment methods. It was quick and uncomplicated. Next, you could invest directly in various cryptocurrencies. The fees were also okay, but they could have been better advertised. I tested the desktop version and the Android version on my mobile phone and am satisfied with both. All in all, I am convinced by the platform and would recommend it to others.

Kai

Kai

positive

25 February 2021

I am satisfied, only the fees could be displayed more clearly in the purchase window.

Julian Nachtsheim

Julian Nachtsheim

negative

24 February 2021

Unseriös With movements around market allegedly always malfunctions and works on the app. Not recommended at all.

mainman

mainman

positive

19 February 2021

I find the copy trading feature at etoro really convincing, many traders who are currently beating the market. I’m currently copying Sebastian Corke and it’s really going uphill.

Sven

Sven

positive

18 February 2021

I have nothing to complain about with etoro so far, everything is fast, the fees are very low as far as I can see and the website works well.

Kasi12345

Kasi12345

negative

15 February 2021

ONE STAR IS STILL TOO MANY!!! ATTENTION!!! The whole net is full of negative experiences and reviews . I have been trying to withdraw 1000 dollars for more than 4 weeks. Allegedly not possible because my withdrawal account at my house bank is supposed to be closed. This is nonsense. The account is used every day! Only standard emails and excuses in response to enquiries. No helpful contact possible. I still have 3400 dollars lying there, which I probably won’t see again any time soon. Employees like DENISA or JULIA who constantly write that the request is being processed. NOTHING happens, no clarification, no information about possible solutions. GANG OF CRIMINALS!!! If I had read the reviews earlier, I would never have ended up with this bunch. If you want to open an account there, find a lawyer beforehand and bring a lot of time and money with you Read the comments on Facebook and really think about it. The best thing is to throw your money down the toilet, it’s quicker!

George Pfeiffer

George Pfeiffer

neutral

5 February 2021

I haven’t found any warrants yet. Maybe that’s just me.

Niklas Gerfertz

Niklas Gerfertz

positive

10 January 2021

I joined etoro 2 weeks ago through this site. Deposit went quite quickly. I’m really satisfied so far. It’s only annoying when I see other users in the search field after searching for shares. I can still recommend etoro.

Luca Klein

Luca Klein

positive

17 March 2021

I have been with etoro for 2 years and have cashed out a few times, so far I have nothing to complain about.

bitcointrader

bitcointrader

positive

11 March 2021

top

SVen

SVen

positive

6 March 2021

For me, Etoro does not have to hide from other new brokers. The app is great and I also find copy trading an interesting feature.

Christian Weber

Christian Weber

positive

3 March 2021

Great choice for anyone who wants to trade more than just shares. Bitcoin, ETFs, Forex – everything across the board.

Jessica

Jessica

positive

2 March 2021

I am an absolute crypto newbie and signed up with etoro because of the positive reviews. So far I can only say positive things about it. The registration was easy and went super fast. You had to answer a few questions and verified yourself. After that, you could immediately start depositing FIAT currencies via various payment methods. It was quick and uncomplicated. Next, you could invest directly in various cryptocurrencies. The fees were also okay, but they could have been better advertised. I tested the desktop version and the Android version on my mobile phone and am satisfied with both. All in all, I am convinced by the platform and would recommend it to others.

Kai

Kai

positive

25 February 2021

I am satisfied, only the fees could be displayed more clearly in the purchase window.

mainman

mainman

positive

19 February 2021

I find the copy trading feature at etoro really convincing, many traders who are currently beating the market. I’m currently copying Sebastian Corke and it’s really going uphill.

Sven

Sven

positive

18 February 2021

I have nothing to complain about with etoro so far, everything is fast, the fees are very low as far as I can see and the website works well.

Niklas Gerfertz

Niklas Gerfertz

positive

10 January 2021

I joined etoro 2 weeks ago through this site. Deposit went quite quickly. I’m really satisfied so far. It’s only annoying when I see other users in the search field after searching for shares. I can still recommend etoro.

George Pfeiffer

George Pfeiffer

neutral

5 February 2021

I haven’t found any warrants yet. Maybe that’s just me.

Christian

Christian

negative

31 March 2021

Bad spreads, high fees for cashing out small amounts, excitingly different tops/downs than real crypto exchanges –> I tried etoro because of the payment option via Paypal, but I immediately withdrew my money because you cannot transfer smaller Bitcoin amounts into your wallet. Only from 0.008 BTC = today approx. 400€ you acquire BTC that you can transfer to the etoro wallet and (presumably) then also to your private wallet. However, you have to buy the BTC in one purchase – you cannot combine several purchases, e.g. 8x 50€. Therefore uninteresting for me as a “piggy bank” … I don’t want to pay the high spread several times and then only own one CFD. Borderline for me – but probably everything is in the small print somewhere. For me, a platform that advertises that I am acquiring real BTC (and where the 0.008BTC restriction is not immediately recognisable in the advertisement), but which then cannot be transferred to my wallet, is out of the question. Read the fine print!!! Rating in review

Julian Nachtsheim

Julian Nachtsheim

negative

24 February 2021

Unseriös With movements around market allegedly always malfunctions and works on the app. Not recommended at all.

Kasi12345

Kasi12345

negative

15 February 2021

ONE STAR IS STILL TOO MANY!!! ATTENTION!!! The whole net is full of negative experiences and reviews . I have been trying to withdraw 1000 dollars for more than 4 weeks. Allegedly not possible because my withdrawal account at my house bank is supposed to be closed. This is nonsense. The account is used every day! Only standard emails and excuses in response to enquiries. No helpful contact possible. I still have 3400 dollars lying there, which I probably won’t see again any time soon. Employees like DENISA or JULIA who constantly write that the request is being processed. NOTHING happens, no clarification, no information about possible solutions. GANG OF CRIMINALS!!! If I had read the reviews earlier, I would never have ended up with this bunch. If you want to open an account there, find a lawyer beforehand and bring a lot of time and money with you Read the comments on Facebook and really think about it. The best thing is to throw your money down the toilet, it’s quicker!

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ETX Capital Screenshots (8)

Overview

Florian Margto

/ Last Updated 05 March 2021

The selection of CFD brokers on the web is large, which is why the search for a reputable and safe offer can be difficult. Our editorial team has subjected several providers to a comprehensive and independent test in order to simplify the search for a suitable provider for traders.

This article is about the ETX Capital broker. ETX Capital is one of the leading trading providers for CFDs, with over 50 years of experience in financial markets.

What are the trading conditions, are there ETX Capital fees and is there an ETX Capital app? What advantages does ETX Capital offer its traders? How does the broker compare? What are the ETX Capital experiences and do I have to fear ETX Capital fraud?

These and other important questions are now answered.

Test result

  • Offer
  • Fees
  • Support

3.1

Conclusion

Reputable broker with expandable service

Recommended broker

Alternatively, our recommendation: trade with our test winner eToro

5

  • Forex & CFD Trading with numerous currency pairs
  • Social Trading + Copy Portfolio Function
  • Fully regulated and licensed
  • Trading Strategies in the Academy
  • Reliable payouts

Trade now with eToro

Your capital is at risk! 75% of private investors’ accounts lose money trading CFDs with this provider! Your capital is at risk! 75 % of private investor accounts lose money trading CFDs with this provider!

Trade now with eToro

Your capital is at risk! 75% of private investor accounts lose money trading CFDs with this provider!

ETX Capital advantages and disadvantages

  • The ETX Capital broker has an official licence and is regulated
  • There is a new customer bonus
  • ETX Capital app for mobile devices available
  • Demo account available
  • No live chat available
  • Demo account can only be used for 14 days
  • Most webinars are only available in English

CFD broker test winner: eToro

Your capital is at risk

ETX Capital Review – The Offer

ETX Capital offers its clients access to thousands of different markets to trade. With the ETX Capital broker, one can speculate on stock indices available worldwide, as well as trade a variety of stocks, trade a whole range of commodities and buy and sell more than 50 currency pairs.

The ETX Capital broker offers traders tight spreads on various financial trading products, which allows customers to have a positive ETX Capital experience.

This is because the tighter the spreads, the smaller the difference by which the trading market in question must move in order to make a profit and not a loss. The leverage rates offered range from 100:1 on many of the financial trading products to maximum leverage rates of 200:1 on some MT4 financial products.

The conditions are favourably structured, which is noted in our ETX Capital rating. However, it must be said that a higher leverage rate also increases the trading risk to be borne.

The CFD and Forex Broker

Traders have the choice between two different trading platforms at the ETX Capital CFD broker and can select the one that best suits their individual trading style.

  1. ETX TraderPro offers customisable trading charts and tight spreads. Experienced traders can take significant risk levels with this platform to make substantial profits.
  2. With ETX MT4 you have the possibility to use your own Expert Advisors (EAs) downloaded from the web on the in-house MT4 platform.

The TraderPro and MT4 are available in demo versions. On YouTube, you can also find several videos that provide information on how the platform works and other interesting information on trading. The broker’s offer also includes a blog where articles about information from the trading world are published and provide one or two interesting pieces of information.

CFD TradingSharesForexCommoditiesIndices

CFD or direct trading?

ETX Capital is a CFD broker that allows trading of stock CFDs, Forex CFDs, commodity CFDs and CFD indices. So if you prefer trading contracts for difference to direct trading, ETX Capital is the place to be.

When trading CFDs, you do not physically own an asset such as a share, but speculate on the difference between the buying price and the selling price of your trader’s trading position. The ETX Capital broker creates its contracts for difference based on current market conditions.

Compared to direct trading, CFD trading has the advantage that you can choose to buy (long position) or sell (short position) using leverage. In addition, to take up a trading position, one only needs a fraction of the contribution to which the nominal value of the trading position is actually denominated.

The broker’s offer also includes a demo account and free educational seminars such as live webinars, trader courses and roadshows. These seminars allow for positive ETX Capital experiences and are a useful extra not only for new traders but also for experienced traders, as one can learn more about trading and new trading strategies.

In addition, you can find useful information on ETX Capital CFD trading on the website, where you can find useful tips on trading, among other things. Unfortunately, the demo account can only be used free of charge for 14 days.

Shares

With ETX Capital you can trade the company shares of public companies on the stock exchange. Some of the shares available for trading at ETX Capital are UK 100, UK 250, UK Small Cap, Europe Major, US Major, US Minor, Australia and Czech Republic from leverage ratios of 1:5.

The provider’s website explains information on strategies with share trading, which is a positive factor in the ETX Capital rating and this ETX Capital review.

Forex

Forex trading is an extremely popular form of financial trading, where people try to profit from the ongoing price fluctuations in the valuations of individual currencies. ETX Capital offers its clients tight spreads on currency pairs, with a minimum spread of 0.7 on the EUR/USD currency pair and 0.9 on the EUR/Yen, AUD/USD, USD/CHF, Dollar/Yen and Cable currency pair.

Raw materials

Unlike foreign exchange, commodities are tangible trading products. Commodity trading has been practiced for thousands of years and is also possible at ETX Capital. ETX Capital offers trading in metals such as gold, silver, copper and platinum at a leverage rate of 1:10.

In the energy category, crude oil, natural gas and oil are tradable, and wheat, corn, cocoa, coffee and orange juice can also be traded. Some commodity trading strategies are explained on the ETX Capital website.

Indices

In addition to the possibility of trading individual shares, ETX Capital enables trading in the most important share indices of the world’s largest economic nations. Among others, one can trade the S&P 500 and the Dow Jones from New York City, as well as the DAX 30 from Frankfurt, the Hang Seng from Hong Kong, the FTSE 100 from London, the Nikkei 225 from Tokyo and the Shanghai Composite Index.

A total of 20 different indices are available on the ETX TraderPro platform, as well as several options on the broker’s other platform, the MT4 platform.

Recommended broker

Alternatively, our recommendation: trade with our test winner eToro

5

  • Forex & CFD Trading with numerous currency pairs
  • Social Trading + Copy Portfolio Function
  • Fully regulated and licensed
  • Trading Strategies in the Academy
  • Reliable payouts

Trade now with eToro

Your capital is at risk! 75% of private investors’ accounts lose money trading CFDs with this provider! Your capital is at risk! 75 % of private investor accounts lose money trading CFDs with this provider!

Trade now with eToro

Your capital is at risk! 75% of private investor accounts lose money trading CFDs with this provider!

ETX Capital Fees & Charges

ETX Capital fees for deposit and withdrawal are only due if customers of the ETX Capital CFD broker make more than five withdrawals within each calendar month. Those who withdraw money more than five times in one month will be charged ETX Capital fees of €15 for each subsequent withdrawal.

  • ETX Capital Fees are also due if amounts of less than 100 euros are withdrawn.
  • There are also ETX Capital charges for all CFD positions that are not opened and closed within one day.
  • The positions are charged ETX Capital Fees based on Libor (London Interbank Offered Rate) plus 2.5 per cent p.a..

ETX Capital fees for CFDs:

Trading locationSpread fromMargin fromMT4 Leverage Rate as of
Great Britain15%1:20
Wall Street0.55%1:20
S+P0.55%1:20
UK15%1:20
France15%1:20
Japan55%1:20
China A 501610%1:10
South Africa2010%1:10

ETX Capital Payment Methods

Several payment providers are available to make deposits and withdrawals: In addition to the classic bank transfer and online transfer, credit card payments, transactions with the e-wallets Neteller and Skrill, transactions via Sofortüberweisung and GiroPay are also possible.

The usual processing time for transactions is 1 working day, as our ETX Capital test shows. Skrill, Neteller, Sofortüberweisung and GiroPay enable particularly fast processing.  ETX Capital does not charge any fees, with the exception of withdrawals of less than EUR 100.

If no trades are executed within a 365-day period, a monthly inactivity fee will be charged for dormant accounts holding available funds. The ETX Capital Fees for inactive accounts are €20. Those who reactivate their account will be refunded the inactivity ETX Capital fees for the last three months.

Payment methodAccepted/Not accepted
Credit cards
Paypal
Instant bank transfer
Skrill
Neteller
Paysafecard
Bank transfer
Other

Licence and security

The ETX Capital broker is authorised and regulated by the Financial Conduct Authority. In order to guarantee the security of customer funds, ETX Capital must fulfil a number of requirements.

The company is regularly audited by the regulator, including ensuring that the company has capital adequacy in line with regulatory requirements. Client funds are kept strictly separate from the company accounts and are held with leading banks in UK and the UK.

Additional security is provided by legally protecting deposits up to a maximum value of GBP 50,000. ETX Capital also operates in compliance with applicable national laws and ensures its cooperation with the authorities with regard to applicable anti-money laundering laws as well as anti-terrorism laws.

Suspicious accounts are reported to the authorities in the course of this. To ensure a high level of security, ETX Capital Broker regularly reviews all trading accounts and examines them for indications that a user account may be used for money laundering activities.

The provider has also received several awards for its service, which also testifies to the fact that it is a safe and reputable broker. In addition to the Money AM Award 2012 for the best online charts, the broker received the Investment Trends Award 2013 for the best price-performance ratio and the UK Forex Award 2013 for the best forex trading tool & software.

Register and buy with ETX Capital

In order to trade with ETX Capital, you need a live account with the broker. The process of ETX Capital registration and login is quick and easy. New customers receive a bonus at ETX Capital, which is based on the first deposit and amounts to a full 50 percent of the sum for up to 9,999 euros.

To be able to claim a bonus, a minimum deposit of 1,000 euros is required. From a deposit of 10,000 euros, you will receive a bonus of 6,000 euros. The fact that there is a bonus flows positively into the ETX Capital rating and enables great ETX Capital experiences, as many other traders do not offer such bonus payments.

The registration process is explained step by step below:

Step 1: Registration

To start the ETX Capital registration and login, click on “Trade Now” in the top right corner of the website. A registration form will open, which requires you to enter your name, email address, password and phone number.

After agreeing to the privacy policy, another window opens, which requires the selection of the trading platform (TraderPro or MT4) and the currency to be traded in. The next step is to enter the address.

Step 2: Verification

In order to meet the requirements of the Financial Conduct Authority, additional information is requested on the trader’s trading experience, employment status and annual income. Afterwards, one can perform the ETX Capital login.

Before the first deposit, a further verification is required. For this purpose, a copy of a valid identification document and proof of address must be submitted.

Step 3: Deposit

If the submitted documents have been successfully checked, you can make a minimum deposit of 100 euros. Information on the procedure for buying CFDs can be found on the selected trading platform.

Recommended broker

Alternatively, our recommendation: trade with our test winner eToro

5

  • Forex & CFD Trading with numerous currency pairs
  • Social Trading + Copy Portfolio Function
  • Fully regulated and licensed
  • Trading Strategies in the Academy
  • Reliable payouts

Trade now with eToro

Your capital is at risk! 75% of private investors’ accounts lose money trading CFDs with this provider! Your capital is at risk! 75 % of private investor accounts lose money trading CFDs with this provider!

Trade now with eToro

Your capital is at risk! 75% of private investor accounts lose money trading CFDs with this provider!

The ETX Capital App

Nowadays, it is essential for a CFD broker to provide its customers with a mobile offer that also enables trading on the move. ETX Capital provides its customers with a choice of two different ETX Capital apps with which you can carry out mobile trading and have your securities account under control at any time and in any place.

The ETX Capital apps are compatible with both iOS and Android devices. This means that traders can carry out their trades anywhere and at any time – regardless of whether they are on the train or sitting at their desk. With the ETX Capital app you remain flexible and independent, which is a plus point in our ETX Capital rating.

Our ETX Capital test shows that the ETX Capital apps prove to be user-friendly and can be operated intuitively.

Customer Service, Contact & Support

If you have questions about trading or need support, you can contact the multilingual ETX Capital support by phone or email. Unfortunately, there is no live chat, as our ETX Capital test shows. The employees are available Monday to Friday from 7:30 to 21:00 UK time.

You can also contact ETX Capital support via the social networks Facebook, Twitter and LinkedIn. There is also an FAQ section on the website that provides answers to many general questions and questions about the trading platforms in 15 different questions, so you don’t have to contact ETX Capital Support by phone right away, but can also help yourself in many cases.

One can search for specific keywords or certain topics, the answers are constantly updated by ETX Capital Support.

Contact routeAvailable/Not available
Phone0800 589 2619
E-mailnewaccounts@etxcapital.de
Live chat
Contact form
FAQs

Conclusion – ETX Capital Valuation

The ETX Capital CFD broker is a global provider based in London that offers clients access to competitive prices on over 6,000 markets. However, cryptocurrencies cannot be traded at ETX Capital, as our ETX Capital test shows.

The broker offers its customers high security standards as it is regulated by the UK Financial Services Authority. The regulator ensures that ETX Capital fraud can be excluded and good ETX Capital experiences are possible.

The broker also offers new customers a special feature: there is a bonus of up to 60 per cent on the first deposit if it is at least 1,000 euros. The broker’s offer also includes a demo account and free training seminars. However, the demo account is only available for a period of 14 days and the webinars are not always offered in German.

For this, there are deductions in the ETX Capital rating. Those who would like to have unlimited access to a trading demo account in order to familiarise themselves with the trading instruments at their leisure should take a look at our test winner:

Recommended broker

Alternatively, our recommendation: trade with our test winner eToro

5

  • Forex & CFD Trading with numerous currency pairs
  • Social Trading + Copy Portfolio Function
  • Fully regulated and licensed
  • Trading Strategies in the Academy
  • Reliable payouts

Trade now with eToro

Your capital is at risk! 75% of private investors’ accounts lose money trading CFDs with this provider! Your capital is at risk! 75 % of private investor accounts lose money trading CFDs with this provider!

Trade now with eToro

Your capital is at risk! 75% of private investor accounts lose money trading CFDs with this provider!

Did you like our ETX Capital review? Our ETX Capital review is part of our big series on the best Forex brokers on the net.

ETX Capital Experience: FAQs

What is ETX Capital?

The provider is a Forex broker. Here, currency pairs can be traded on the foreign exchange market. Trading with shares or CFDs is also possible.

Is it worth opening an account with ETX Capital?

In our test, ETX Capital narrowly passed. All desired currency pairs are available and customers seem to be satisfied with the platform.

How much money should I invest?

The amount of one’s own investment should depend on one’s own liquidity as well as one’s own risk appetite. In general, you should never invest money that you actually need elsewhere, as profits can never be guaranteed. Forex trading is also always subject to the risk of losing the money invested.

How long does it take to cash out at ETX Capital?

Here, too, the platform is convincing. Withdrawals are processed very quickly and are in your account within a few minutes to 2 working days, depending on the selected withdrawal method.

What are the requirements for me to trade successfully at ETX Capital?

You should always know what you are investing in. Beginners in particular should therefore first read up on Forex trading thoroughly. Here at Kryptoszene.de, all the information is provided. If you have the necessary know-how, as well as a good feeling for the markets, nothing will stand in the way of early profits.

All trading is risky. No guarantee of profit .Any content on our website is for information purposes only and does not constitute a recommendation to buy or sell. This applies to assets, products, services or other investments. The opinions communicated on this site do not constitute investment advice and independent financial advice should always be sought where possible. This website is available to you free of charge, but we may receive commissions from the companies we feature on this website.

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Florian Margto

I am constantly on the lookout for new investments and investment opportunities. I like to experiment with small amounts of money. But security comes first. In five years of crypto experience, I have been able to build up a broad portfolio. However, I only take high risks with play money.

View all posts by Florian Margto

Experiences (0)

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EuropeFX Screenshots (11)

Overview

Raphael Adrian

/ Last Updated 05 March 2021

With clients all over the world, the broker EuropeFX, which was only founded in 2013, is already very successful!

In this review, we have taken a closer look at the Cypriot investment software Europe FX and examined the factors of seriousness, fees, automated trading and the general offer.

EuropeFX offers clients fully automated trade execution. In addition to trading Forex currencies, global indices, equities and commodities, EuropeFX offers large leverage, low spreads and a variety of different trading instruments with low minimum deposits.

Tradency’s trading bot RoboX in particular additionally distinguishes the product and leads to a unique selling proposition that other brokers often lack.

However, some of the Europe FX testimonials show the complexity of trading Forex with automated trading software and leave open the question whether EuropeFX is the leading broker in Europe.

Test result

  • Offer
  • Fees
  • Support

3.8

Conclusion

EuropeFX is a mediocre broker, we advise our test winner eToro

Recommended broker

Alternatively, our recommendation: trade with our test winner eToro

5

  • Forex & CFD Trading with numerous currency pairs
  • Social Trading + Copy Portfolio Function
  • Fully regulated and licensed
  • Trading Strategies in the Academy
  • Reliable payouts

Trade now with eToro

Your capital is at risk! 75% of private investors’ accounts lose money trading CFDs with this provider! Your capital is at risk! 75 % of private investor accounts lose money trading CFDs with this provider!

Trade now with eToro

Your capital is at risk! 75% of private investor accounts lose money trading CFDs with this provider!

Advantages and disadvantages of Europe FX at a glance

  • Broad trading offer
  • free demo account
  • Not suitable for beginners
  • Aggressive marketing
  • Very high fees
  • Seriousness can be questioned

The trading platform offers a large number of different tradeable options. In addition to trading with real money, there is a wide range of learning materials and a demo mode for beginners to easily familiarise themselves with the world of trading, or for experienced investors to test new strategies without risk.

The operator makes it clear in several places that trading with CFDs is a highly speculative procedure and draws the attention of new investors in particular to the high opportunities but also the risks, which are not to be despised. The minimum deposit of €200 can be paid via various methods, including Paypal or Skrill.

On the other hand, various investors also gathered negative Europe FX experiences, which they shared on the Internet on various advocacy sites: aggressive sales personnel with promises of exorbitant profits via automated trading that could not be kept.

Alternatively register with eToro

Your capital is at risk.

What is EuropeFX?

Our Europe FX testimonials showed us the platform and its specialisation in the forex market.

FX Europe offers various tools for traders, including automated trading software and strategy generators such as the Trading Bot RoboX.

The aim of the Cypriot investment provider remains an automated trading platform in which you invest a certain amount and the software invests your money fully automatically based on your investment strategy and risk management.

In doing so, RoboX says it draws on a database of one billion investment strategies to develop the appropriate fully automated trading strategy for the respective investor.

In real time, the provider updates the digital packages with trading strategies and then adapts them to the account of the respective investor.

The Tradency developers of RoboX have apparently already sold the trading bot to more than 200 banks.

Within our Europe FX test, we were not able to conclusively clarify how and whether all data of the trading bot is merged.

If Tradency analyses the data of all financial institutions, enormous insights could be gained from it, allegedly up to 1,000,000,000 trading strategies, which can then be used again for the customer.

Our Europe FX experience shows that the fully automated trading platform operates in ten European countries and is licensed and controlled by the local financial authorities.

EuropeFX Review – the offer

The fact that the broker with its professional trading offer is primarily aimed at experienced traders dampens the mood only that it is a professional tool for experienced traders that is not necessarily suitable for beginners.

However, a variety of free training offers are available to the uninformed and newcomers in the Education Centre, which is characterised by webinars, video courses and trading eBooks.

The Europe FX offer is large, it includes:

OfferNumber
Share values86
Currency pairs51
Cryptocurrencies7
Indices28
Raw materials17

In general, trading at EuoropeFX is possible from an amount of 200 euros. For a special trading experience, including personal support and other features, EuropeFX offers various account models for investors.

They differ primarily in the amount deposited into the account. Our Europe FX experience showed that special features are available for deposits of 1,000 euros or more.

From this amount, you receive Bronze status and thus have access to a so-called Relationship Manager, various trading signals and 1-to-1 Trading Academy training. However, access to the Europe FX Mirror Trader and RoboX only exists from the next higher level – Silver account from a deposit of 2,500 euros.

The automated functions are available from the Gold Account, i.e. an investment of 10,000 euros. Only from this sum is it possible to fully use the MirrorTrader and RoboX algorithms.

Alternatively register with eToro

Your capital is at risk.

CFD Trading with Europe FX

Before we go into more detail and talk about CFD trading at Europe FX, we will first go into the characteristics of CFDs. The abbreviation “CFD” is derived from English and means Contract for Difference.

Unlike shares, the owner of CFDs does not have a stake in the company, but can only profit from rising prices. With a contract for difference, investors have the opportunity to achieve higher profits through leverage.

Those who are willing to take a certain risk can achieve very high profits through leverage that would not be possible with equity capital of the same magnitude. In the best case, high profits can thus be achieved without having to invest further equity capital for this purpose.

Of course, leverage is not a one-way street and losses are also proportional to the leverage set. However, the negative balance protection ensures that small investors cannot lose more money than the trading account allows. This means that investors are on the safe side if they only invest the money that is freely available.

With more than 300 instruments, Europe FX’s CFD and Forex offer is rather midfield – other providers have a much larger offer here. With a leverage of 1:30 and spreads from 0.1 pips, Europe FX is also in the normal range. A positive aspect is the relatively low minimum amount of only €200, which enables investors to participate in securities trading with little money.

Mirror Trader

Europe FX describes the MirrorTrader algorithm as a powerful monitoring system that automatically applies buy signals to one’s portfolio. It distinguishes between strategies and signals.

Once the selection has been made, the chosen strategies and trading signals can be applied directly to the EuropeFX account.

Transactions and trades can be executed based on the selection. All in real time and with minimal configuration.

RoboX

With this new generation of trade automation software, Tradency has once again raised the bar for strategic trading.

The RoboX trading bot works like an intelligent trading machine.

Robox is based on a proprietary algorithm that intelligently adapts your trading profile to a package of optimised trading strategies, taking into account personal risk tolerance.

The RoboX algorithm permanently monitors and tracks all available trading strategies (currently approx. 1,000,000) to find the best solution for your trading profile.

RoboX will then adjust the trading in real time and match potential strategies to the trading profile. Europe FX promises a simplified setup of the trading bot with the help of a questionnaire form!

Europe FX Fraud or Serious?

Time and again, Europe FX is associated with fraud. However, judging by test reports and our personal experience, these accusations are not true. There are a few clues to this, which we would like to go into a little more detail in this section.

First of all, the provider is regulated by the Cyprus Securities and Exchange Commission “CySEC” under licence number 258/14. This can be read transparently on the website. This also means that client funds are kept separate from asset funds and that compensation of up to 20,000 euros is available to members.

Furthermore, the provider guarantees negative balance protection, which means that you cannot lose more than the money you have invested. We also disagree with some reviews that criticise the transparency, as the fee structure is disclosed on the website. Customers therefore have a clear picture of what costs they may incur: The provider’s price is mainly determined by the spread.

Information regarding the risk factor is also disclosed by Europe FX. The official statement is: “There are no guarantees for profits or the avoidance of losses when trading with foreign exchange and CFDs. Here, too, no empty promises are made, but the legal guidelines are adhered to, as one is used to from other brokers.

Therefore, according to our experience, we can rule out fraud – Europe FX trades according to European law. However, the fact that Europe FX acts reputably does not answer the question of whether the broker is also recommendable.

After all, it all comes down to the offer and the price-performance ratio. As can be seen not only from our test report but also from other reports, there are far better alternatives to Europe FX.

Our conclusion in terms of seriousness: Europe FX is a serious broker, but unfortunately only a mediocre one. Other alternatives should be considered here.

Europe FX Reports

The verdicts of other test portals and end users are mostly mixed. In most cases, the high fees are criticised. The following is a small excerpt of some test reports:

TrustPilot: Europe FX received 3.6 out of 5 points from a total of 332 reviews. While most investors positively highlight the platform’s user interface and customer service, there are also relatively many negative reviews, which mainly criticise the provider’s high fees and aggressive marketing.

Dailyforex: Dailyforex states that Europe FX is not a scam, as the provider is often accused of, but that the fees are not listed transparently. The account structure of Europe FX is also described as “outdated” and “unnecessarily complex“.

Trading for beginners: The comparison portal Trading für Anfänger emphasises that Europe FX is a trustworthy and regulated broker with branches in Berlin, among other places, which offers excellent service in German with low spreads. The platform is criticised for its inactivity and high withdrawal fees. At the same time, it is criticised that MetaTrader 5 is not available in the trading programmes.

Redaktionstest.net: Redaktionstest.net positively highlights the low spreads, the STP service (Straight Through Processing) and the German-speaking customer support of the trading platform. On the other hand, the high withdrawal fees are rated negatively.

In general, it can be said that Europe FX as a broker can be placed in the midfield, if one is to believe the test reports from the internet. The fewest reviews we have looked at speak of fraud. However, as this topic comes up again and again, we will deal with it separately later.

However, the fact that most reviews criticise the high fees cannot be ignored and should make potential investors sit up and take notice. We will deal with all aspects of the provider separately and then give our personal conclusion on Europe FX.

EuropeFX Costs & Fees

ProviderEuropeFX
Depositfree of charge
Commissionfrom 7%
Transaction feesSpreads
Payment25 €

Europe FX Trading differentiates which status users receive depending on the deposit, which also results in the fees to be paid.

Trading on EuropeFX is possible with a minimum deposit of €200.

From a deposit of €1,000, Europe FX Trading clients receive Bronze status with a Relationship Manager in the client trial period, daily newsletters from Trading Central and Trading Central Premium signals. Private one-to-one Trading Academy sessions and standard trading commissions are added.

From the Gold Trading account with a deposit of 10,000 euros, you receive all Bronze and Silver services and an additional 10% discount on trading commissions.

EuropeFX Investment RoboX, SMS trading alerts, a monthly access to the Event Room, two private trading sessions and four sessions per month in the 1-to-1 Academy.

In addition, all account types include access to online chat customer service, demo accounts and separate bank accounts. All client funds are therefore managed in separate bank accounts. In addition, there is a maximum leverage of 1:30, professional accounts even receive a leverage of 1:200.

The stop out level is 50% for all accounts. You also get access to the online education centre, webinars, seminars and a variable spread from 0.1 pip.

For the total volume of a trade, Europa FX charges 0.05 lot for the trading automation in the Mirror product and 0.01 lot in the RoboX product.

1 lot is 100,000 units of a currency traded on the foreign exchange market.

The initial deposit for the Trading Bot Mirror is 2,000 euros and the initial deposit for the Trading Bot RoboX is 10,000 euros.

The majority of reviews can confirm that Europe FX is reputable. However, most of them emphasise that the costs of the platform are too high. This can already be seen in the account management costs.

While, as already mentioned, investors can obtain a bronze account for 1,000 euros, the premium account is only available from an amount of 50,000 euros – a sum that is difficult to realise when you consider that most other brokers do not charge any account management fees at all or the service is not linked to a minimum deposit amount.

The high fees become even clearer when you compare Europe FX with the test winner eToro. At eToro, the trading account is completely free, regardless of whether it is a demo or real money account. Depending on the financial instruments, it is even possible to trade completely commission-free. For example, anyone who wants to invest in shares at eToro does not pay any commissions or other hidden costs such as administration or ticket fees.

Trading in other financial instruments is also very favourable. Those who try to get high returns through CFDs get off extremely cheaply with eToro. The pricing models can be read transparently on the provider’s website. For example, crypto CFDs can be purchased for as little as 0.75% of the purchase price. Those who want to trade in shares or ETF CFDs can do so from a price of just 0.09%.

The withdrawal fees are also much cheaper at eToro. While the original price was also US$25, the new price has been reduced by 80% to just US$5. If Europe FX wants to keep up here, the current pricing structure needs to be revised.

Alternatively register with eToro

Your capital is at risk.

The Europe FX App

Professional brokers advise against using the small smartphone screens for stock analysis.

Europe Fx goes to great lengths with the app for Android and iOs to bring complex trading clearly onto the smartphone screen. With the in-house eFXGO! App for iOs and Android, EuropeFX succeeds surprisingly well.

However, using the Mirror and RoboX trading bots also requires a certain level of expertise on the smartphone.

There are 9 functions available within the application.

The dashboard with live accounts and Forex demo accounts.

Deposits, where you can deposit funds via deposit methods such as bank transfer, Visa, Mastercard, Skrill and Neteller.

Under “Documents” you can upload your KYC documents for security purposes.

Via the “Investments” tab, you invest in the two different trading bots – Mirror and RoboX.

EuropeFX Payment Methods – Deposit/Withdrawal Methods

The withdrawal options at Europe FX are diverse. Depending on the withdrawal method, the currencies euro, US dollar and British pound are accepted. The following services are available for the withdrawal methods:

Bank transfer, Visa or Mastercard, Skrill, Sofort, iDeal, Giropay, Safety Pay, Trustpay, Euteller, Przelewy24, Worldpay, PayPal and Neteller. An amount of 25 euros, US dollars or pounds is due for the payout regardless of the payout method. The payouts are executed in the respective currency of the trading account.

Furthermore, Europe FX allows itself to carry out a KYC analysis, which can have an impact on the processing time. For example, a payout is only possible if Europe FX has received all documents from the client that are necessary for account confirmation and these have been checked by the provider.

Therefore: The account details should be completed in advance so that there are no delays during the payout afterwards. If withdrawals are requested to external accounts, this can also take 1 to 5 working days.

Europe FX offers a variety of different deposit methods. In order to integrate Paypal into its own infrastructure, financial resources are apparently still lacking.

No fees are charged for the deposit, regardless of the type and amount.

In addition to the payment methods listed above, there are several other providers through which money can be deposited at Europe FX under similar conditions.

The only differences are in the duration. The classic bank transfer comes off worst. Such a transaction can take two to three working days.

Both the digital wallets Skrill and Euteller as well as the credit card providers Visa and Mastercard transfer the money immediately to Europe FX.

Withdrawals generally take between 1 and 5 working days. Fortunately, the withdrawal amount is not limited. All withdrawals are only processed and executed when Europe FX has all the documents to confirm the account.

Alternatively register with eToro

Your capital is at risk.

FX Europe Experience: Licence and security

FX Europe is subject to Cypriot banking supervision and attaches great importance to the security of client data.

Regulated as a broker, FX Europe is subject to the Investor Compensation Fund (ICF) of the Central Bank of Cyprus.

This is used to cover investors’ claims in the event that FX Europa is unable to meet its payment obligations.

Under registration number HE327484, the Cyprus Companies Law lists Maxiflex Ltd.

The latter, as the parent company of EuropeFX, is regulated and controlled by CySEC (number 258/14 ) as a Cypriot Investment Firm (CIF), under the Investment Services Law and the Regulated Markets Law.

It was only through regulation that the Limited was permitted.

In addition to being authorised and regulated by CySec, EuropeFX is also subject to the Markets in Financial Instruments Directive (MiFID II for short) for the European Economic Area.

The trading platform provider attaches great importance to compliance and “Know Your Client”. Europe FX separates client funds from its own business accounts, as required by the legal framework!

.

SF Market Services Europe GmbH operates FX Europe in UK, registered with the Federal Financial Supervisory Authority. The owner of SF Market Services Europe GmbH is Maxiflex Ltd. with its registered office in Cyprus.

Time and again, Europe FX refers clients to appropriate personal risk management. In doing so, users are warned of losses that can arise from speculating on rising or falling currency rates.

In addition, Maxiflex Ltd. from Cyprus registered EuropeFX in Denmark, in Italy, in the Netherlands, in Sweden, in Spain, in Austria, in Norway and in Finland.

All financial regulators based there registered and regulate EuropeFX.

Further education portal

Europe FX offers different tools such as eBooks, seminars and 1-to-1 webinars.

In order to support users in making difficult investment decisions, there are several training courses available.

On the website, they are all grouped together in a separate section, the Education Centre.

A collection of video tutorials and various webinars help clients develop an understanding of the platform and introduce future users to EuropeFX’s trading software.

There are complete course series to choose from, such as: “Basics of Forex Trading“, “Introduction to Stock Trading“, or “Advanced Knowledge of Stock Trading Level 2 and Level 3″.

Trading with cryptocurrencies is also explained in a turutorial series.

In addition, a complete trading glossary is also available. In it, the EuropeFX platform explains terms such as: “currency trading”, “DAX”, “dividend” and “wallet”.

Another function is the economic calendar, which summarises important events of the trading year according to date sequence.

It includes various indices, inflation rate announcements, previous year and month comparison figures and stock market holidays.

Another special feature of the Education Center is the Market Overview page, which summarises current information on the global stock markets on a daily basis.

Alternatively register with eToro

Your capital is at risk.

Europe FX Customer Service, Contact & Service

To contact the broker, you can simply pick up the phone or use the contact form.

In addition, Viber, Whatsapp and Telegram can also be used to make contact. Unfortunately, a live chat is not currently available.

According to our EuropeFX experience, the customer service works quickly and reliably, possible problems are solved in an uncomplicated manner and to the satisfaction of the customer.

EuropeFX Berlin Contact

AddressFranklinstraße 28-29 10587 Berlin
Phone030 30807676
E-mail[email protected]
Whatsapp015128270388
Telegram015128270388

Europe FX Experience: The conclusion

Our Europe FX experience shows the power of automated trading software to drive global transactions in the financial markets.

Classic purchases and sales can also be executed via the EuropeFX trading platform.

The focus of the Europe FX offer is on fully automated trading with the two robots Mirror Trader and RoboX.

The interface and the high deposit limits for bronze, silver and gold status are also more indicative of the focus on professional traders.

CFDs with their leverage function entail very high risks for private but also institutional investors. Investors must take this into account.

On the website of various lawyers, Europe FX testimonials show how private small investors lost a lot of money through Europe FX.

Thus, in several places, those responsible at least point out that one is getting involved in high-risk investments. The disclaimer for financial transactions is also a constant companion on the website itself.

EuropeFX never tires of explaining and pointing out to the client that there is a risk of losing money!

Authorised by most Western European financial regulators, Europe FX is regulated in countries such as Cyprus, Denmark, Italy, the Netherlands, Sweden, Spain, Austria, Norway, UK and Finland and should therefore be considered a trustworthy and highly regulated provider.

Europe FX is also subject to deposit protection for investors with the Cypriot authorities. However, our recommendation is to choose another broker, as in our opinion there are too many risks involved with EuropeFX.

At this point, we rather recommend our test winner broker eToro, with which you can trade shares and ETFs completely free of fees. eToro is fully regulated and licensed and one of the most popular brokers worldwide.

Recommended broker

Alternatively, our recommendation: trade with our test winner eToro

5

  • Forex & CFD Trading with numerous currency pairs
  • Social Trading + Copy Portfolio Function
  • Fully regulated and licensed
  • Trading Strategies in the Academy
  • Reliable payouts

Trade now with eToro

Your capital is at risk! 75% of private investors’ accounts lose money trading CFDs with this provider! Your capital is at risk! 75 % of private investor accounts lose money trading CFDs with this provider!

Trade now with eToro

Your capital is at risk! 75% of private investor accounts lose money trading CFDs with this provider!

Europe FX Experience: FAQs

Is the Europe FX Trading Bot fully automated?

Our Europe FX experience shows yes, once you have added the preferred strategy to your portfolio and activated it, the platform works 100% automatically. In addition, there is the possibility to close trades and set Stop Loss and Take Profit manually.

What is the minimum amount I need to invest with Europe FX?

The starting deposit amount for MirrorTrader is €2,000 and for RoboX €10,000. In terms of trading volume, you can choose between 0.01 lot size per trade for RoboX and 0.05 lot size per trade for MirrorTrader. Without automatic trading, there is a minimum deposit of €200.

How long does it take for RoboX to generate returns?

All investment products focus on trading the best trends. Many trends fluctuate every year. Because of this, it may take a few weeks for your account to generate potential returns. However, you should also allow for losses. There are no guarantees for profits.

How does RoboX from EuropeFX work?

RoboX has access to a database of one billion trading strategies and, in combination with an algorithm, is able to update packages of trading strategies in real time. This allows RoboX to automate your trading strategy based on your personal risk management.

Is Europe FX regulated?

SF Market Services Europe GmbH operates FX Europe in UK and is registered with the Federal Financial Supervisory Authority. The owner of SF Market Services Europe GmbH is Maxiflex Limited. In addition, Maxiflex Ltd. from Cyprus registered FX Europe in Denmark, Italy, Holland, Sweden, Spain, Austria, Norway and Finland. All local financial regulators there registered Europe FX and allowed it.

How can I cancel Europe FX?

For registration, new investors can use the registration form on the provider’s website. To terminate Europe FX, you should contact the customer service. As a rule, termination is possible in writing.

All trading is risky. No guarantee of profit .Any content on our website is for information purposes only and does not constitute a recommendation to buy or sell. This applies to assets, products, services or other investments. The opinions communicated on this site do not constitute investment advice and independent financial advice should always be sought where possible. This website is available to you free of charge, but we may receive commissions from the companies we feature on this website.

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Raphael Adrian

After completing my journalism master’s degree in 2013, I worked as a freelance journalist and author for several years. During this time, I specialised in finance, business and cryptocurrencies. Since November 2018, I have been working as cryptoscene editor-in-chief.

View all posts by Raphael Adrian

Experiences (0)

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ExCentral Screenshots (4)

Overview

Kevin Benckendorf

/ Last Updated 08 March 2021

ExCentral is a regulated broker that offers its online brokerage services to a global clientele. The broker offers over 120 Forex and CFDs for trading. Trading takes place on a proprietary web trading platform or on the popular MT4 trading platform.

ExCentral is one of the few regulated brokers that also specialises in crypto trading. This provides you with specific tools and features for a smooth trading experience.

However, you should be very careful when choosing your broker, as crypto fraud is widespread. So are you looking for a broker that is both licensed and allows you to trade cryptocurrencies? Then ExCentral might be a good choice.

But how good is ExCentral’s offer really? In this experience report, we will check whether ExCentral’s offer can keep up with other brokers. In addition, we will answer the most important questions about the broker.

But if you are in a hurry, we can already reveal that eToro wins our comparison of the best brokers this year. So for a good and trustworthy broker, we advise eToro!

Test result

  • Offer
  • Fees
  • Support

2.5

Conclusion

A theoretically good broker, with unfortunately far too high fees.

Recommended broker

Alternatively, our recommendation: trade with our test winner eToro

5

  • Forex & CFD Trading with numerous currency pairs
  • Social Trading + Copy Portfolio Function
  • Fully regulated and licensed
  • Trading Strategies in the Academy
  • Reliable payouts

Trade now with eToro

Your capital is at risk! 75% of private investors’ accounts lose money trading CFDs with this provider! Your capital is at risk! 75 % of private investor accounts lose money trading CFDs with this provider!

Trade now with eToro

Your capital is at risk! 75% of private investor accounts lose money trading CFDs with this provider!

Advantages and disadvantages of ExCentral at a glance

  • Regulated broker
  • Choice between two trading platforms
  • High inactivity fee of $80 after two months
  • Monthly fee of 10 US dollars
  • Residents of the USA, Canada, Japan, Australia and Israel cannot use the platform

Now use the advantages of eToro instead

What is ExCentral

ExCentral is part of Mount Nico Corp Ltd, a Cyprus investment company authorised and regulated by the Cyprus Securities and Exchange Commission with CIF licence number 226/14. eXcentral International is a South African CFD broker through the owner and operator investment firm OM Bridge PTY. Which is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa with FSP licence number 48296.

The broker was founded in Cyprus in 2017 and gradually expanded into Europe with its international arm anchored from South Africa.

ExCentral offers four different account types and several payment options. These include credit card, bank transfer and modern e-wallets.

Before you register with ExCentral, you need to know that the broker specialises in CFD trading. CFDs are so-called contracts for difference. At ExCentral you have the possibility to choose between two different trading platforms.

ExCentral trading platform

An important aspect to weigh up is the trading platform provided by your broker. If the trading platform does not meet your requirements, there is no point in signing up with the broker. The other tools, trading conditions and functions are irrelevant if the trading platform has security gaps or delays during trading.

ExCentral offers you two different trading platforms.

Web trading platform

ExCentral’s web trading platform is a proprietary trading platform. This trading platform has thus been developed by ExCentral for trading in all available trading instruments. Instead of developing a desktop client, the broker has opted for a web-based solution.

The web-based platform is convenient as it can offer the advantages of a desktop-based and a mobile platform. Access is via a web browser on any device, whether it is a PC, a laptop or a smartphone. This means that, unlike a desktop platform, you are not tied to a specific device and do not have to download the trading platforms.

ExCentral has integrated state-of-the-art technology into its trading platform to ensure fast performance. You will not feel any delays when trading. The platform is user-friendly and easy to navigate. It has very good charting tools and trading indicators. Moreover, you are not responsible for security upgrades. Since ExCentral takes over this responsibility.

MetaTrader 4 (MT4)

The second option available to you is the use of MT4. MT4 is the most frequently offered trading platform among Forex brokers. It has established itself as the industry standard in online forex and CFD trading and is considered a renowned trading platform that is used worldwide.

This is partly due to the user-friendly interface, customisable charts and a host of features – including expert advisors, custom indicators, four outstanding order types, microlot trading support. Analysis tools, trading signals, market news and more.

Even against newer platforms, MT4 has stood the test of time and remains the preferred option for many traders. The platform can be downloaded on the PC or via Android and iOS devices. This provides an optimal trading experience on the go, allowing clients to monitor their trading account at any time and from any location.

Alternatively trade with the test winner

The ExCentral offer

One of the main reasons to sign up with ExCentral is to trade CFDs and cryptocurrencies. But do ExCentral offer you enough choice?

The market comprises thousands of instruments that can be traded. Whether you want to focus on just one asset or trade a combination of assets at the same time, it is best to choose a broker with an extensive selection to meet your growing and changing needs.

In this regard, ExCentral is a good choice as it offers its clients a wide range of trading instruments. Some of the main options you can try are:

Forex

ExCentral’s asset offering starts with the world’s most liquid market, Forex.

The broker has added a wide range of currency pairs that can be traded by its clients. The possible combinations are really extensive. The most important currency pairs can be found in this table:

EuroUSDCADCHFJPYNZDGBDAUD
Euro– –
USD– –
CAD– –
CHF– –
JPY– –
NZD– –
GBD– –
AUD– –

The broker also offers a lot of trading tools on its trading platform that can be useful when trading forex currencies.

Securities

Of course, you can also invest in shares. The broker’s range includes some of the most renowned companies in the world.

These include names like HSBC Holdings, Barclays, Carrefour, Loreal, Nintendo, the Alibaba Group, Volkswagen, AT & T, Fiat, Vodafone, Apple, Deutsche Bank, Apple and BMW. But also up-and-coming names like Zoom and Shopify can of course be traded.

Raw materials

Commodities can also be traded at ExCentral. You can trade precious metals such as gold, copper, platinum and silver. But you can also choose from Brent crude oil, RBOB petrol and even natural gas, and agricultural commodities such as coffee, corn, sugar, soybeans, cotton, cocoa and wheat can also be traded here.

Indices

ExCentral offers a very good selection of the world’s best indices. You will find options such as DAX, Nikkei, DOW JONES, S & P and NASDAQ. But also indices like the AUD200, the UK100 and the SWI20 can be found in the offer. Depending on the account type, leverage of up to 200 is offered for trading indices.

Cryptocurrencies

Unfortunately, the selection of cryptocurrencies at ExCentral is rather limited. There are only a handful of cryptocurrencies on offer, which you can only trade against the US dollar rate.

In this table you will find all cryptocurrencies which are available for selection at ExCentral:

NameAbbreviation
BitcoinBTC
EthereumETH
LitecoinLTC
RippleXRP
Bitcoin CashBCH

For a better selection of cryptocurrencies and securities, we advise using a broker like eToro.

Login in 3 steps

There is no doubt that online trading, unlike offline trading, offers a high degree of simplicity and ease. But registering with brokers can often be a burden for traders.

This is because brokers require a lot of paperwork, which can be stressful and time-consuming. Because ExCentral takes a client-centric approach, they have eliminated the red tape and set up a simple and hassle-free registration process.

Step 1: The ExCentral registration

To start the registration process with ExCentral, you need to fill in a form on the website asking for some essential details.

You must provide your full name, telephone number, email address and a password. You must also be at least 18 years old to open an account with ExCentral.

ExCentral has also implemented a verification process through which you must authenticate yourself. This has been implemented for the security of its customers.

It complies with the KYC and AML guidelines, known as Know Your Customer and Anti-Money Laundering respectively. Under the rules of these guidelines, traders must submit documents that include proof of identity and proof of residency.

The aim of these policies is to only allow authentic accounts on their platform and to prevent criminals from creating fake accounts to infiltrate or exploit the system.

Documents that can be submitted as proof of identity include a government-issued document such as a passport, ID card or drivers licence.

Proof of residence is provided by submitting a utility bill, be it water, gas or electricity. Otherwise, you can also submit a bank statement or an affidavit clearly stating your name and address.

Step 2: Deposit

After you have successfully registered, you need to deposit money to get started.

Each broker offers different deposit options and you can choose from the options offered by your selected broker to select one that suits you.

At ExCentral you will find a range of deposit and withdrawal options. These include debit and credit cards (Visa and MasterCard). Otherwise, you can also deposit money via bank transfer or e-payment solutions.

Unfortunately, ExCentral charges relatively high fees for deposits and withdrawals.

Transfer typeFee
Bank transfer30 USD / 30 Eur / 30 GBD (depending on account currency)
Debit / credit cardsCommission of 3.5 % (maximum USD 40,000 per month)
E-walletsCommission of 3.5
NetellerCommission of 2
SkrillCommission of 2

The minimum deposit at ExCentral is 250 USD / 250 EUR / 250 GBD.

According to the rules of the AML policy, traders can only deposit and withdraw money from accounts in their own name. Third party accounts are not accepted.

Step 3: Trade with ExCentral

Once the money has finally arrived in your client account, it’s time for the actual trading. For this, you can choose between the broker’s web-based trading platform or the popular MT4.

The broker offers many useful tools such as webinars, which should be used especially by inexperienced traders at the beginning. Unfortunately, the reference spread for the classic account is 2.5 pips. Other providers offer a much lower spread and lower fees.

Fees at ExCentral

As can already be seen from this area of experience, the fees at ExCentral are relatively high. The spreads differ depending on the account type.

AccountFee
Classic account2.5 pips
Silver account2.5 pips
Gold account1.8 pips
VIP account0.9 pips

Even otherwise, the broker unfortunately has a monthly maintenance fee of 10 US dollars and an additional inactivity fee of 80 US dollars.

The $10 maintenance fee applies regardless of your trading activity. The $80 inactivity fee is charged after two months of no trading activity.

In addition, deposits and withdrawals incur not inconsiderable costs.

Conclusion on ExCentral

ExCentral is a regulated broker that provides a wide range of educational materials and trading tools. The broker frequently offers webinars, a comprehensive training suite, market news and analysis.

The proprietary ExCentral web trading platform is intuitive, fast and has appropriate charting tools. The MT4 trading platform has become the industry standard primarily due to its ease of use, wide range of trading instruments, functionality and versatility.

Unfortunately, the minimum deposit requirement is higher than many other brokers and there are monthly maintenance fees, inactivity fees and high withdrawal fees. The broker could also benefit from expanding the available payment options to allow cryptocurrencies.

In general, the choice of securities, especially cryptocurrencies, is unfortunately rather limited, which does not justify the high fees.

ExCentral: FAQs

What is ExCentral?

ExCentral is part of Mount Nico Corp Ltd, a Cyprus investment company authorised and regulated by the Cyprus Securities and Exchange Commission with CIF licence number 226/14, so it is a regulated broker offering cryptocurrency trading.

Can you get rich with ExCentral?

There can never be any question of guaranteed profits. In online trading, profits are possible, but not guaranteed.

Is ExCentral a scam?

ExCentral is a licensed broker and therefore definitely not a scam

Is it worth trading with ExCentral?

No. In our opinion, there are better broker alternatives than ExCentral. The trading platform is very good and the broker is licensed. Unfortunately, the fees are too high.

All trading is risky. No guarantee of profit .Any content on our website is for information purposes only and does not constitute a recommendation to buy or sell. This applies to assets, products, services or other investments. The opinions communicated on this site do not constitute investment advice and independent financial advice should always be sought where possible. This website is available to you free of charge, but we may receive commissions from the companies we feature on this website.

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