Have you ever wanted to buy shares in big companies like Apple or Google? Or maybe you want to try investing in Bitcoin or other cryptocurrencies? eToro is a website and app that lets you do all of that, even if you’re just starting out.
I use eToro myself, and I like to invest for the long term. That means I buy shares and hold them for a long time, hoping they will grow in value over the years.
Let me explain what eToro is, how it works, and why it might be a good choice for you.
eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. See PDS and TMD. This is not financial advice.
Affiliate Disclaimer:
Some of the links in this article are affiliate links. This means if you click on a link and sign up for eToro, I may earn a commission at no extra cost to you. I only recommend products and services I personally use and believe can be helpful. Thank you for your support!
What Is eToro?
eToro is a website and app where you can buy and sell things like:
- Shares (parts of companies)
- ETFs (groups of shares)
- Cryptocurrencies (like Bitcoin and Ethereum)
You can use eToro on your computer or your phone. It’s made to be easy for beginners.
Who Is eToro Good For?
eToro is great for:
- Beginners who want to learn about investing
- People who don’t have a lot of time to study the stock market
- Anyone who wants to copy what expert investors are doing
But eToro might not be the best for:
- People who want to trade all day, every day
- People who want to buy very rare or special shares
Why I Like eToro
I use eToro for my own investments. I like to buy shares and hold them for a long time. I don’t try to get rich quick. Instead, I let my money grow slowly over the years.
eToro makes it easy for me to:
- See all my investments in one place
- Copy other investors who have good track records
- Learn new things with their videos and guides
How Does eToro Work?
- Sign up on the website or app
- Add money to your account (you can start with as little as $50)
- Choose what to invest in (shares, ETFs, or crypto)
- Buy and hold or copy other investors
You can even try a practice account with pretend money before you use real money!
Try eToro Now
eToro AUS Capital Limited AFSL 491139. Your capital is at risk. See PDS and TMD.
What’s Good About eToro?
- Easy to use: The website and app are simple and clear
- Copy trading: You can follow and copy expert investors
- Lots of choices: Over 3,000 shares and 70+ cryptocurrencies
- Practice account: Try investing with $100,000 in pretend money
Things to Remember About eToro
There are some costs: Like most investing platforms, eToro has a few small costs, such as when you take money out or when you use Australian dollars (because eToro uses US dollars). It’s a good idea to check these before you start, so there are no surprises.
Help is online: If you ever need help, you can send a message to eToro’s support team through their website or app. They usually reply quickly, but there isn’t a phone number to call.
How shares are held: When you buy shares on eToro, they keep them safe for you in your account. This is a little different from some other platforms, but it’s very common and makes things simple for most people.
Is eToro Safe?
Yes, eToro is safe to use. It is watched by the Australian government (ASIC), uses strong security, and keeps your money separate from the company’s money. But remember, all investing has risks. You can lose money as well as make money.
How Do You Start?
- Go to eToro’s website or download the app
- Sign up with your name and email
- Prove who you are (for safety)
- Add money to your account
- Start investing!
Open Your eToro Account
eToro AUS Capital Limited AFSL 491139. Your capital is at risk. See PDS and TMD.
My Advice
I like eToro because it’s easy and helps me invest for the long term. I don’t try to get rich quick. I buy good companies and hold them for years. If you want to learn about investing, eToro is a good place to start. But always remember only invest money you can afford to lose.
Quick Questions
Is eToro free?
No, there are some small fees, like when you take out money or change currencies.
Can I copy other people?
Yes! You can see what top investors are doing and copy them.
Is my money safe?
eToro is regulated and uses strong security, but all investing has risks.
Get Started with eToro
eToro AUS Capital Limited AFSL 491139. The value of your investments may go up or down. Your capital is at risk. See PDS and TMD. This article is for information only, not financial advice.
Disclaimer:
eToro AUS Capital Limited ACN 612 791 803 AFSL 491139. Social trading. eToro does not approve or endorse any of the trading accounts customers may choose to copy or follow. Assets held in your name. Capital at risk. See PDS and TMD. This is for information and education only, not investment advice. Past performance is not an indication of future results. Crypto assets are unregulated & highly speculative. No consumer protection. Capital at risk.
Affiliate Disclaimer:
Some of the links in this article are affiliate links. This means if you click on a link and sign up for eToro, I may earn a commission at no extra cost to you. I only recommend products and services I personally use and believe can be helpful. Thank you for your support!