eToroX
Top-Crypto-Reviews > eToroX
Main Features
- No fees on deposits
- Regulated parent company
- Available within most US states
- 100+ cryptocurrency pairs available
Compare the best bitcoin brokers
eToroX is the exchange subsidiary of eToro, where you can also trade cryptocurrencies as well as invest in currencies, commodities, stocks, and more. The exchange itself offers over 100 pairs, and includes stablecoins, but accepts deposits only in credit/debit cards and the handful of supported cryptocurrencies.
The fiat to crypto transactions are done through third-party company Simplex, which means the price you get may not be the one you thought you’d committed to, and their markup is significant.
eToroX gets a solid ranking because of the available assets, and eToro Group’s reputation, but is ultimately let down by having too many fees and various limitations in place.
Pros
- No fees on deposits
- Trade cryptocurrencies 24/7
- You can deposit the supported cryptos
- Available to most US states and countries
- Parent company is regulated and established
Cons
- Only supported in English
- Withdrawal fees vary and can be high
- There is a minimum daily volume, and a limiting maximum
How to open an account
Step 1
Click Sign Up and enter a username, email, and select a password.
Accept the Terms and Conditions and Privacy Policy to continue.
You can also sign up with your Facebook or Google account.
Step 2
You’ll now be prompted to verify your email address, and then sign in to your account
Step 3
Once you’ve logged in, you’ll need to complete your profile with the following information
- First name
- Last name
- Gender
- Birthday
Step 4
Next, enter your residential address and Social Security Number (for US citizens)
Step 5
The following steps are part of the Suitability Questionnaire and include questions on
- Years of trading experience
- Purpose of your trading account
- Length of your intended investment
- Your attitude to risk, i.e. balance of gains and losses
- Whether you are a director or 10%+ shareholder in any public company
- Employed by any other brokerage or securities exchange
- An elected public official of any standing
- Your source(s) of income, including occupation, employer, and assets
Step 6
Verify your phone number, and submit your KYC documents to proceed
Step 7
Upon the approval of your documents and account, you can then login to eToroX
What can I trade?
eToroX offers 106 pairs, consisting of 32 digital assets and stablecoins. Among them are:
Available cryptocurrency pairs:
- AUDX
- BCH
- BTC
- CADX
- ETH
- EURX
- GBPX
- JPYX
- LTC
- NZDX
- USDEX
- XRP
- CNYX
- RUBX
- SLVX
- GLDX
What are the costs?
- Wallet fees are 5 bps regardless of volume
- Maker/Taker fees spread across 6 volume-based tiers
- Fiat to crypto conversion: 1% for eToroX and 4% for Simplex
6 Comments
Very good advice from the help desk on…
Very good advice from the help desk on all occasions that I contacted them.
Great Service!
I think they offer a great service. I am setting out to learn as much as i can using their academy
courses, also reading books on the subject. I’ve had consistent success on my account so i am
getting to work on making some tax free money on this second income!
In a league of their own and not just for geniuses.
They are a premier league platform compared to other trading systems. As simple to use and
execute above any other system and also giving you a massive spectrum in ALL contract/module
trading. I have continuously recommended them to family, friends and work colleagues.
Reliable and competitive broker I would recommend.
No problems but none expected as I have used them on and off over many years. There
when you need them and in the background when you don’t. Simple, easy and timely
withdrawals in the past and they have been around for decades. Only downside, not really
an options provider.
An excellent trading platform
An excellent trading platform, easy to use with great features. The trading academy was very
useful, clear and informative and covered the main topics necessary to get started trading.
good platform
Have used on and off for many years. Happy with the platform have made some deposits and
withdraws with no problems. The margin rules changed to protect big losses. I understand this
but would like to see more margin available when using guaranteed stop losses as currently
restricts how many positions can have open due to margin required.