FREE US $50 eToro Trading Account - Requires US $100 Deposit

50

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Cashback

brilliances on 22/05/2013 - 06:30 etoro.com (246 clicks)
Last edited 25/01/2020 - 19:15 by 1 other user

First up, this is only for those interested in forex / commodity trading (and very limited share trading). It's not for everyone, know your risks, trade only what you can afford to lose, I am not a financial advisor, etc., etc.,

I got this referral from a friend last week. Signed up, deposited US$100 and I got a US$50 bonus credited to the account. He got a US$100 bonus in his account. All up that US$150 'free'. The credits were instantly applied as soon as the initial deposit went through.

Note: you need to be referred to get the $50 bonus. (ie. use a referral link)

From the website:

• All bonuses are automatic, so sit back and relax.
• The ‘friend referral' bonus does not apply to the following countries: Pakistan, Bangladesh, India, China, Indonesia, Sri Lanka, Philippines, and USA.
• The ‘friend referral' bonus, only applies to referrals that are NEW eToro customers, who have NOT visited one of eToro’s websites prior to referral.
• The “friend referral” bonus is only applicable if your friend registers to eToro using the link, provided in the automated email.
• Bonuses are subject to the bonus terms and conditions.
• The "Friend Referral" promotion is valid for investing in stocks and copying traders on eToro OpenBook. If you wish to redeem the free credits for manual trading, all you have to do is fund your account
• To be eligible for the refer a friend promotion please ensure your friend is using their own method of payment.

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  chiefbodge on 22/05/2013 - 07:10

  Thanks OP :)

  What are the conditions for withdrawing the money? Could I just simply withdraw the $150 back into my bank account without trading? If I have to trade could I simply buy and sell straight away? Are there any brokerage fees?

  • 

    brilliances on 22/05/2013 - 07:27

    I haven't tried withdrawing yet but the only restriction seems to be you must verify yourself with id (passport, utility bill, credit card), minimum withdrawal is $20, and they charge $5 withdrawal fee

    http://www.etoro.com/trade/withdrawing-funds.aspx

    They don't have a brokerage fee but they make money on the spreads. For a normal account, it is 3 pips $0.0003. (the difference between the Ask and the Bid prices of a currency pair)

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  Lukian on 22/05/2013 - 07:34

  +1

  The ‘friend referral' bonus, only applies to referrals that are NEW eToro customers, who have NOT visited one of eToro’s websites prior to referral

  Clear your cookies folks!

  • 

    brilliances on 22/05/2013 - 07:50

    thanks, I have bolded that bit now in the posting

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  Unbreakable on 22/05/2013 - 07:47

  Good deal,
  Quick question can you hook up metatrader to Etoro?

  • 

    brilliances on 22/05/2013 - 09:02

    No idea myself. Found this on their site tho

    http://www.etoro.com/education/how-do-i-trade-forex-metatrad…

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  SBOB on 22/05/2013 - 08:27

  Note: you need to be referred to get the $50 bonus. (ie. use a referral link)

  so this gets you a free $100 also right?

  • 

    brilliances on 22/05/2013 - 09:03

    Yes! :)

    U can choose to sign up with no referral but u lose the $50

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  chiefbodge on 22/05/2013 - 08:35

  I am going to give this a go. Get my $50 and then hopefully sign up my partner for another $150.

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  bt123123 on 22/05/2013 - 09:23

  how much is the credit card surcharge for deposit?

  • 

    brilliances on 22/05/2013 - 09:41

    None from eToro. You may be charged foreign conversion fees by your bank of course.

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  bt123123 on 22/05/2013 - 11:11

  Can we withdraw that $50?

  • 

    brilliances on 22/05/2013 - 14:11

    There's nothing to say you can't withdraw the $50. However, in the spirit of the promotion, I would not advise you do this straight away. At least try out the service and make a few trades or copy some traders.

    From their T&C's:

    "If We suspect that a user has abused or attempted to abuse a bonus and/or other promotion or otherwise acted with a lack of good faith towards Us, then We reserve the right, at our sole discretion, to deny, withhold or withdraw from that user the bonus or promotion and if necessary to cancel any terms & conditions with respect to that user, either temporarily or permanently, or terminate that user's access to the service and/or block that user's account."

  • 

    joannatan on 22/05/2013 - 23:27

    i don't believe they allowing you withdraw without ask you to trade. minus their $5 withdrawal fees, so nett is $45 if they allowing you to withdraw all this bonus

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  CyberMurning on 22/05/2013 - 12:48

  please someone withdraw and report back :)

  • 

    chiefbodge on 22/05/2013 - 13:13

    I will but I sent them an email first to confirm that the $50 discount will be applied as there is absolutely nothing on the payment screen confirming this will be the case.

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  bt123123 on 22/05/2013 - 14:58

  My balance is now USD150. (include USD50 bonus)

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  chiefbodge on 23/05/2013 - 17:52

  Please note that there is a NWA (non widthdrawable amount) http://www.etoro.com/help/ So you can't simply sign up, deposit your 100 and get $50 for free - you must do many trades to reduce the $50 NWA to 0 so you can get the full $50.

  http://www.etoro.com/help/ and type in "credits policy" for more info. I stupidly invested in the AUD lastnight and it crashed today and I lost $42 and thought "hey that was fun, at least I still have $108, better cut my losses and get out of this" Could only withdraw $60….

  So yeah - I don't really consider this a bargain anymore as you have to trade a lot to get your $50 and in that time buying and selling you may well lose money unless you know what you're doing.