Join and Invest Minimum $80 with Etoro, Get $80 Cashback @ ShopBack

230

Go to Deal

Llibero on 21/12/2022 - 21:01 shopback.com.au (277 clicks)
Last edited 21/12/2022 - 21:13 by 1 other user

Long-time bargainer, first-time poster. Please be kind. I just came across this eToro cashback and thought it would be a good deal for someone who are interested in signing up.
I have used eToro for a couple of years now and I didn't receive any sign-up bonus. They have a huge range of shares, ETFs, and cryptos and support fractional trade (eg. buy 0.85 units of Tesla stock).

The deal

• You will get $80 cashback when you deposit $80 (USD 50 equivalent) or more and invest it. Of course, you must sign up via Shopback to be eligible.

Enjoy!

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• 

  ATangk on 21/12/2022 - 21:11

  $80 aud or $80 usd?

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  libero on 21/12/2022 - 21:14

  $80 aud which is $50 usd equivalent. I have updated the post. Thanks for asking the question

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  wshinji on 21/12/2022 - 21:22

  Do you need to provide a lot of personal details or KYC to sign up?

  • 

    libero on 21/12/2022 - 21:25

    Signing up for an account is easy but I think you will need to provide KYC details to be able to trade nowadays.

    • 

      libero on 21/12/2022 - 21:30

      And of course, provide TFN and pay tax for any profits.

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  Jessie Ryder on 21/12/2022 - 21:23

  What happens to your purchases if they go under?

  • 

    Thrifty Dan on 21/12/2022 - 21:27

    +1

    You will go down under, too…

  • 

    libero on 21/12/2022 - 21:29

    According to their website: eToro is trusted by millions of registered users with their funds kept secure in top-tier banks and their personal information guarded under SSL encryption. eToro began more than a decade ago and operates in accordance with country regulations, whether the ASIC in Australia or the FCA in the UK.

    • 

      CacheHunter on 21/12/2022 - 22:15

      +1

      Most of the examples in my post below were ASIC regulated. In fact, I would hazard a guess that every company that has gone broke in Australia in the last 20 years was ASIC regulated.

      You're much better taking investment advice from celebrities like Steph Curry, David Ortiz, Naomi Osaka, Shohei Ohtani, Shaquille O’Neal, Udonis Haslem & Trevor Lawrence.

      Or not…

  • 

    Pacify on 21/12/2022 - 21:35

    -3

    Etoro has been around a long time, its a pretty large brokage firm. Not much chance of that

    • 

      CacheHunter on 21/12/2022 - 22:06

      +3

      been around for a long time

      Not like FTX, which was a tiny company that everyone knew was high risk.

      Longevity is a much better indicator of financial security. Just think of examples like the Dutch East India Company, Barings Bank, …
      SIze and market reputation are also good indicators of security as demonstrated by Pyramid Building Society, State Bank Victoria, Trio Capital, SBSA, Tricontinental, HIH, Blue Sky, Prime Trust etc. Surely eToro is at least as safe as them?

      With etoro, you don't actually own any of the shares that you buy. Personally, I prefer to stick with brokers that are CHESS sponsored. Otherwise, if your shares go up, but eToro goes broke, you're left with nothing or maybe a few cents in the $.

• 

  Froot Loops on 21/12/2022 - 21:34

  +2

  DONT's

  • Use promo codes not listed by ShopBack. This will invalidate cashback.
  • Click on any third party Links or Extensions. Including, but not limited to: Facebook / Google Ads, other Loyalty / Cashback Extension partners.
  • Customers who makes a CFD trade.
  • Use any Adblocking Software as this will impact your Cashback Tracking.
  • Existing etoro customers
  • 

    libero on 21/12/2022 - 21:36

    Thank you!

  • 

    Skrambled on 21/12/2022 - 22:14

    ASX = CFDs only?
    US requires W8 form. Will buying on the London stock exchange qualify?

    • 

      BargainBenno on 22/12/2022 - 09:22

      Are there any brokers that offer real asx stocks but have copy trading? I don't like cfd as they don't have franking credits on dividends and also i don't like to buy things on margin as i am sure eṭoro charge a high interest rate on the borrowings.

• 

  a1234my on 21/12/2022 - 21:59

  Can deposit in and cash out ? Must invest?

  • 

    libero on 21/12/2022 - 22:14

    Yes, must invest. I think they charge 5 USD for each withdrawal as well

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  Ema000 on 21/12/2022 - 22:05

  "Claim in 120 days" big ooof

  • 

    Oofy Doofy on 21/12/2022 - 23:54

    Pretty normal for these Cashback mobs.

• 

  nickluca95 on 22/12/2022 - 07:15

  +2

  Easiest $80 minus $5 ever! Took about 15 mins. Thanks OP

  • 

    bobwokeup on 23/12/2022 - 22:53

    +1

    No way, so did you buy stock and then withdraw it immediately? I thought you would need to hold for x days?

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  BargainBenno on 22/12/2022 - 09:23

  Can you own a new account under a new email address? Or do they track you using your id documents?

  • 

    libero on 22/12/2022 - 21:41

    Sorry, I'm not sure about this.

• 

  Oofy Doofy on 28/12/2022 - 21:06

  Just some clear instructions for everyone:

  You must invest the money you deposit.

  If you don't know what to invest in, or you don't know what you want to do (READ: the following is not financial advice), buy the 'VT.US Total World Stock ETF' and follow the instructions. Make sure you max out the $50 USD purchase. There will be some tax declaration stuff, which is all streamlined for you.

  Then sit and wait and hope Shopback don't become Indian giver's.