The price of the HKDX is linked to the Hong Kong dollar on a 1:1 value basis, so if you trade HKDX on eToroX, it is the same as trading fiat Hong Kong dollars. One exception is the watchlist, which is easy to configure. It is also known for its interest in cryptocurrencies, most notably Bitcoin. Converti eToro Hong Kong Dollar(HKDX) in Indonesian Rupiah(IDR). This comes after the number of new registrations and deposits reached its highest level ever amid surging trading activity. For example, on the 30th of March they added 185 new stocks, among them, was a very trending one, Zoom Technologies. eToro are a secure, established company with some attractive functions and good customer service, but there are some things to be aware of before taking … eToro has zero-commission stock trading. eToro was established in 2007. Finding the fee report is quite complicated, at first. You have to start by registering with your email account or with your Facebook or Google+ account. Your capital is at risk. You can only deposit money from funding sources that are in your name. Business Development Associate at eToro Hong Kong SAR 126 connections. If you are from Israel, the minimum deposit is $10,000. For residents of Australia and the USA, the minimum first-time deposit is $50. For example, you can swipe left and right in your portfolio to access charts or open a new trade. For example, if you deposit EUR by bank transfer, a 50 pip fee will be applied at funding (which is around 0.46% of the deposit amount) and the same fee will also be charged, when you withdraw EUR by bank transfer. If you only trade the most popular stocks, like Microsoft or Apple, you probably won't notice the lack of smaller stocks. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 583263 ; eToro (Europe) ltd - authorized by CySEC (Cyprus) registration no. Non-trading fees are high and eToro only allows USD accounts, which means that conversion costs on deposits and withdrawals can be high in some cases. your needs. Why does this matter? For this CFD product, eToro charges low fees, i.e. The content discussed is intended for educational purposes only and should not be considered investment advice. FCA bans the sale of crypto-derivatives to UK retail consumers from 6 January 2021. eToro has seen a dramatic rise in new clients following the recent surge to a $1 trillion market capitalization. Report this profile About Experienced Business Associate with a demonstrated history of working in the apparel and fashion industry. Revolut payments in USD are not supported, so this means you cannot save Etoro's USD conversion fee with Revolut. It does not have a bank parent, either, which could help provide capital to eToro, if needed. However, fees are not added up, but listed individually per fee deduction. To dig deeper, read eToro's CFD description. Business Development Associate at eToro Hong Kong 327 connections. You can also sign up for a daily market analysis newsletter, in which you get a useful list of the market highlights. At eToro, if you reside in the United States, the only product that you can trade with is cryptocurrencies. how you are protected, if something goes wrong, Citizens of the United Kingdom can open an account at eToro (UK) Limited and thus they will be protected by the, Australian clients are served by eToro Australia, which is regulated by ASIC, the Australian financial authority. Hence, it is hard to know anything about its financial performance. 75% of retail CFD accounts lose money. It is well-known for its social trading feature, with which you can follow and copy the portfolio of a trader who also trades with eToro. - this entity is regulated by state regulators only, as it only concerns crypto trading. On their website, users can trade forex, indices, commodities and currencies. More funding and withdrawal info On the web platform, this is in the form of an icon update or a browser notification. SOCIAL trading and multi-asset brokerage company eToro has its focus on financial and copy trading services. Other education tools are not really strong at eToro. Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. eToro (Europe) Ltd. - Cyprus - is regulated by CySEC (the Cyprus Securities and Exchange Commission) under license # 109/10, for servicing EEA (European Economic Area) member states, and countries outside of it. No EU investor protection. 75% of retail CFD accounts lose money. AFSL 491139 ACN 612 791 803 You can change the default leverage level of the products. Online Trading Hong Kong may be profitable exercise only if it is approached carefully and with diligence. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please use our link to open your account so that we For example, the number of tradable stocks on the Nasdaq with eToro is currently 370, which is only around 10% of the listed companies on the Nasdaq exchange. Another way to invest via CopyPortfolio is to invest in a portfolio comprised of multiple "star" traders. Visit education page In that sense, eToro's selection of 17 stock markets to access is great. leverage is set to one), you will buy real stocks, ETFs and cryptos, not CFDs. 70 technical indicators. You can only withdraw money to accounts under your name. BrokerChooser.com does not provide any investment advice, we only help you to find the best broker for And another thing… If you have a Facebook or Google account, you may also sign-up and link them. Opening an account only takes a few minutes on your phone. 75% of retail CFD accounts lose money. On their website, users can trade forex, indices, commodities and currencies. For residents of Russia, China, Hong Kong, Taiwan and Macau, the minimum first-time deposit is $500. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. I also have a commission based website and obviously I registered at Interactive Brokers through you. CopyPortfolios are built around a theme by eToro's algorithms or by eToro external partners. eToro is a privately-owned fintech startup, with owners including venture capital funds like Commerz Ventures Gmbh, the VC arm of Commerzbank, as well as Israeli US, and Chinese investors. This is a good thing. There is one short tutorial video on how to use the platform, and some basic educational videos about investing and the financial markets. This matters because the entity you belong to defines the amount of protection you get. Hong Kong's Richest. Digital banks offer bank accounts in several currencies with great currency exchange rates as well as free or cheap international bank transfers. This is a well-structured pdf file showing all your cash flows, including fees. If you want to go further and fund it with real money, you have to verify your identity and residency by uploading the required documents: eToro only allows USD accounts, which means that your funding will be converted by eToro to USD. Until this law does not change, eToro's CFD services will not be allowed to operate in the US under its current business model. Brokerchooser's how to invest in Bitcoin 101. First, we selected 78 quality online brokers, then we checked and compared their CFD fees, product selection, deposit and withdrawal options, trading platforms and more. eToro copy, a.k.a. As … You can set price alerts and notifications easily. eToro is a well-known Israeli fintech company, a social trading broker, established in 2007. eToro serves UK clients through a unit regulated by the Financial Conduct Authority (FCA) and Australians through an Australian Securities and Investment Commission (ASIC) regulated entity. commission, with no additional cost to you. Let's say you want to trade Apple with 1:10 leverage and you have $10. eToro is considered safe because its UK and Australian arms are regulated by top-tier financial authorities and it is a well-known fintech company. A convenient way to save on currency conversion fees is opening a multi-currency bank account at a digital bank. eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. Proof of residency: a copy of a utility bill or bank statement. Note that a 50 pip charge is not the same percentage in AUD to USD conversion as in EUR to USD conversion, so in the table below we added an estimation of the percentage charge as well. Similarly to other CFD brokers, there are a lot of deposit options: For some countries, eToro may require the first deposit to be made with credit/debit card or bank transfer and only subsequent deposits can be made with electronic wallets. HKDX is a tokenized stablecoin — a cryptoasset linked to a traditional fiat currency — in this case, to the Hong Kong dollar (HKDX), which can now be traded on eToroX Exchange. Disclaimer: methodology, independent from partnerships we have. Other than via CFDs, trading crypto assets is unregulated and therefore is not supervised by any EU regulatory framework. Advertiser Disclosure: Be careful with forex and CFD trading, since the pre-set leverage levels are high. eToro is a global Fintech player with over 6 million customers. Past performance is not an indication of future results. 71% of retail investor accounts lose money when trading CFDs with this provider. Click on the 'Portfolio' tab, then go to 'History,' and under the gear icon at the top right, you can access and download your account statement. 109/10 ; eToro AUS Capital Pty Ltd. - authorized by ASIC (Austraia) registration no. And if the U.S. determines additional companies have military ties in the future, American investors will be given 60 days from that determination to divest. eToro is the largest investment network in the world, and a leader in social trading. ©2019 OnlineTradingHongKong.hk - All Rights Reserved. It was setup in 2007 as an online trading platform to facilitate the buying and selling of currencies. eToro is the largest investment network in the world, and a leader in social trading. ASIC however. eToro customer service, in theory, is available in all 21 languages the web and mobile trading platforms offer. The menus and buttons are where you expect them to be, everything is labelled correctly and the color scheme is pleasant. You will surely want to know how your portfolio is performing and how much fees you paid. All clients onboarded to these three entities above are eligible for eToro's private insurance. We tested it with iOS. This might all sound a bit complicated, but at the end of the day, this means you can invest easily in a quasi-fund. Follow successful users to receive their posts, updates and trading tips. eToro offers commission-free stock trading. Well, this is it! Since May 2020, this is valid for all countries, but clients from Australia can only trade US stocks commission-free. eToro's platform is built around OpenBook, a newsfeed similar in many ways to your Facebook or Twitter newsfeed. You can check performance and asset distribution, and read the investment strategy. The Crypto Portfolio, for instance, consists of the biggest cryptocurrencies, weighted by market cap. The same can be said about currency pairs and commodities. What you need to keep an eye on are trading fees and non-trading fees. Their main product is a renowned online brokerage with the same name – eToro – but, lately, the company has started adding new brands and services to their arsenal. Here is a handy summary table for easy comparison: There is no investor protection for cryptos. We know it's hard to compare trading fees for CFD brokers. Join to Connect eToro. eToro has an optional safer two-step login system. There are tons of more stats for each profile, like trades per week, average holding time, performance on charts, and you can also see their detailed profiles as well as their news feed comments. To help you find the best CFD broker in Hong Kong for 2021, we went ahead and did the research for you. There are a few countries which eToro doesn’t support and this includes Singapore, Taiwan and Hong Kong. He concluded thousands of trades as a commodity trader and equity portfolio manager. Report this profile ... Hong Kong Shopping Malls: Family-friendliness in the eyes of residents and tourists 2015 Other authors. Proof of identity: a copy of your passport or personal ID. On eToro, you can buy $00388.HK or other stocks and pay ZERO commission! Ottieni grafici in tempo reale per eToro Hong Kong Dollarin Indonesian Rupiah. eToro is a well-known Israeli fintech company, a social trading broker, established in 2007. eToro serves UK clients through a unit regulated by the Financial Conduct Authority (FCA) and Australians through an Australian Securities and Investment Commission (ASIC) regulated entity. eToro Hong Kong Dollar (HKDX) birimini Bits (BITS) birimine dönüştürün. On the negative side, eToro's non-trading fees are high as there are withdrawal and inactivity fees. Do take note that your details should be factual since eToro will need to verify your identity. More research info However, eToro states that you can use your Revolut account to deposit and withdraw in GBP and EUR. eToro is regulated by the CySEC authority in the EU. Complete the electronic withdrawal form as required. In the sections below, you will find the most relevant fees of eToro for each asset class. The company was founded in 2007 when we launched our first web-based trading platform. To be certain, we highly advise that you check two facts: eToro operates three legal entities and serves customers based on their residency. eToro is not listed on any stock exchange, does not disclose its annual report on its site and does not have a bank parent. eToro provides the ability to trade on more than 2,000+ financial CFD instruments covering ETFs, Indices, Commodities, Currencies and Stocks from Europe, US and Hong Kong, … To manage demand and ensure our existing global community of 17 million registered users can continue to enjoy the best possible customer experience, we have temporarily increased the minimum deposit amount for new users to $1,000. Hong Kong stock index; penny stocks; With eToro you can filter these stocks by Country or by sector. Note, that if you're going short (selling a stock that you don't already have), you're always trading a CFD. Furthermore, you can copy a maximum of 100 traders, simultaneously. eToro's main research and development office is located in Tel Aviv, Israel.In addition to legal entities registered in the UK, China, US, Australia and Cyprus. With its clean design and great functions, eToro successfully combined good design with functionality. eToro Europe Ltd operates under a license granted by the Cyprus Securities & Exchange Commission (CySEC). If you are from the US, head here to read more about their crypto selection. If you are new to Forex and online trading, this is an opportunity to connect and learn from others. This can make it more complicated to log in, but, in turn, it provides you with added security. There is a minimum investment amount for CopyPortfolio, which is $5,000. It was always quick and reliable when we tested it. It's available in the same 21 languages as the web trading platform. The mobile platform has the same great functionality as the web platform. The account opening process is hassle-free and fully digital. Trust Score Update Keeping you safer one step at a time with CyberSecurity Metrics Alternatively, you can deposit in USD, e.g. eToro has average non-trading fees, as it charges $10 per month after one year of inactivity, but simply logging into your account counts as an activity. As a US resident, you can go long on the real coin, there are no CFDs involved. The well-known founder and CEO of eToro is Yoni Assia. Disclaimer: Past performance does not guarantee future results. Trading cryptocurrencies is not supervised by any EU regulatory framework, such as MiFID. Who Can Use eToro? eToro is lead by Yoni Assia, its well-known founder and CEO. eToro has seen an unprecedented demand for our services from new users. Why would this matter to you? At OnlineTrading.hk we help you find the best trading platform in Hong Kong to give you the best chance to be a profitable trader. You can decide how much money you want to invest in copying another trader, and you can close your investment whenever you wish. Changing the leverage manually is a very useful feature when you want to lower the risk of a trade. See a more detailed rundown of eToro alternatives. If you are not familiar with order types, read this overview. A good strategy for new traders is to find a reliable trader and to learn all they can about Forex Trading before they begin. At eToro, you have access to the following 17 stock exchanges: However, you can only trade the more popular stocks. To put it simply, if an Apple stock costs $100 at market price, eToro will charge $100.1 for it. We ranked eToro's fee levels as low, average or high, based on how they compare to those of all reviewed brokers. Yes, it is regulated by the Cyprus Securities and Exchange Commission (CySEC), the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investment Commission (ASIC). The University of Nottingham Malaysia Campus. eToro Licenses. Konvertera eToro Hong Kong Dollar (HKDX) till Hong Kong Dollar (HKD). eToro charges no deposit fees, but they have currency conversion fees, which might be high, for example, as much as 2.4% for depositing EUR by card. For example, in the case of forex and stock index trading spreads, commissions and financing rates are the most important fees. You can browse through the profiles of other eToro traders, checking their previous performance on an annual and a monthly level. 75% of retail investor accounts lose money when trading CFDs with this provider. Although eToro does not make its financial statements public, the main source of revenue for eToro is likely to be: eToro is regulated by CySEC in Cyprus, ASIC in Australia, and the FCA in the UK. The fees are built into the spread, 3 points is the average spread cost during peak trading hours. using your credit card. Highly volatile unregulated investment product. Once you found a trader you like, you can copy their trading decisions, which is handled automatically by the platform. The company is expanding its operations, focusing on entering the Asian markets to provide brokerage services to China and Hong Kong. Products His aim is to make personal investing crystal clear for everybody. No fundamental data is available for asset classes other than stocks. Check out the complete list of winners. copying other investors’ trades) & zero commission stock trading. For other methods, like credit cards, a higher fee applies for some currencies. 75% of retail CFD accounts lose money. You should start trading only if you are aware of this risk. 5 brokers made it to the top in Hong Kong. the spread (the difference between the ask and the bid prices) is low. Professional and non-EU clients are not covered with any negative balance protection. eToro cannot be used by the residents of the following countries: The US SEC (Securities and Exchange Commission) does not allow CFD instruments to be sold to US citizens. 75% of retail CFD accounts lose money. We get a Traders can not use eToro from Iran, Turkey, Japan, Canada, Hong Kong, Singapore. Trading history presented is less than 5 years old and may not suffice as a basis for investment decision. On the downside, you can only see the data for the past ca. Let's break down eToro's markets and products. You can decide how you want to see your portfolio reports: a list of your assets or a pie chart showing your current portfolio. The trading history presented is less than 5 years old and may not suffice as a basis for investment decisions. Our top-tier Popular Investors earn up to 2% annually on their assets under management. Currently, people from the USA cannot use all features of eToro because US regulation (the SEC) does not allow brokers to provide CFD instruments (eToro is a CFD broker) for US residents. eToro offers zero-commission real stock trading. The account opening is swift and seamless. You can unsubscribe any time from within the email. This selection is based on objective factors such as products offered, client profile, fee structure, etc. 2020 Money. In addition, eToro has a $30 minimum amount limit on withdrawals. We provide global trading products and copy trading. Additionally, eToro also applies a risk score to each trader. This can help you narrow down the specific areas and markets that you want to target for trading. eTtoro overnight fee: For this, you need to understand two things, leveraged trades and loans. Hashtags (#) are used for themes and dollar signs ($) for assets. Gergely is the co-founder and CPO of Brokerchooser. We tested withdrawal by bank transfer, and it took 2 business days. What is eToro really good at? The minimum amount for a bank transfer is $500. eToro is the world’s leading Social Trading Network. eToro says that it is a trading platform that can be used by individuals as long it is legal in their country. This can be quite useful. Usually, this feature is not offered by other CFD and forex brokers. eToro plans to launch its debit card by the end of 2020, simultaneously expanding its operations in South Africa, the US, and Hong Kong. We selected eToro The following is a list of eToro’s subsidiaries registered: United Kingdom: eToro (UK) Ltd. regulated by Financial Conduct Authority However if you had to wait for eToro to add the stock, you missed the early rally in the stock. Other non-trading fees: eToro charges fees for several services on their website, which are not directly related to trading, also known as non-trading fees. This means that when you buy stocks, ETFs or cryptos without any leverage (i.e. 6 months, you cannot set a longer time horizon. Visit web platform page All reviews and top lists updated for 2021. You can lose all of For further information about eToro and taxes, we recommend contacting your local tax authority. Spreads: Spreads are the gap between the price you and the broker buys/sells at. At the same time, being regulated by top-tier authorities is a great sign for eToro's safety. Imagine Facebook profiles, but with fewer inspirational and more market quotes. We were not a huge fan of this feature, but it certainly adds some social aspect for trading. eToro is not listed on any stock exchange and does not provide regular financial statements to the public. For more details, check eToro's Regulation and License page. It is fast, too, as we were able to open an account within one day. All other customers are served by a Cypriot unit that is regulated by the Cyprus Securities and Exchange Commission (CySEC). Gergely has 10 years of experience in the financial markets. Within CFDs, in addition to the traditional way of trading, you can. To practice, you can use a demo account. eToro (AUS) Capital Pty Ltd - is regulated by the Australian watchdog, ASIC (Australian Securities and Investments Commission). If you buy stocks or ETFs without leverage, you are buying the real asset, not a CFD. Money withdrawals can be slow and USD is the only currency you can hold your cash in. The eToro mobile trading platform is available for iOS and Android. On the other hand, eToro offers a wider range of stock and ETF CFDs than its closest competitors, and you can also trade with many of the most popular cryptocurrencies. There is one drawback of CopyTrader: you cannot close part of your position, only the full amount. eToro's alert function lets you know when an asset reaches a price target, and you also get a notification when your order is fulfilled. If you make profits by trading on eToro, these can be subject to taxation laws and regulations. eToro has facilitated more than 300 million trades. CopyTrader, is a tool for social trading, which works by you copying the trading decisions of other people, or other people copying your trades. However, compared to stockbrokers like Saxo Bank (~35 markets) or Interactive Brokers (~80), it is poor. On the flip side, the customer service cannot be reached on the weekends, and it's difficult to find the live chat function on the website as it is hidden in the FAQ section under the 'Help Center' link. This website provides users with an enjoyable and easy way to trade and invest on the internet. as Best broker for cryptos and Best broker for social trading for 2021, based on an in-depth The news feed is not really an official news feed. The proportion of CFDs in the specific CopyPortfolio is clearly indicated. We also compared eToro's fees with those of two similar brokers we selected, Plus500 and MarketsX.