Introduction
eToro caters to a multitude of countries around the globe, Germany included. For investors in Germany contemplating to trade via this platform, some pertinent insights are crucial before you sign up and commence your trading activities. This comprehensive guide supplies detailed and specific information, custom-designed for German traders mulling over the prospect of investing with this broker.
| 🇩🇪 Accepts German Traders | Yes |
| 💰 Minimum Deposit | $50 |
| 🛍️ Market Types | Stocks, Commodities, Currencies, Indices, Crypto, ETFs |
| 🏛️ Regulation | Cyprus Securities Exchange Commission (CySEC) |
If you are a German resident exploring the prospect of trading with eToro, you can start your expedition by signing up right here, right now!
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Is eToro Regulated in Germany?
eToro, catering to German traders, operates under the purview of both eToro (Europe) Ltd and eToro Germany GmbH, supervised by the Bundesamt für Finanzdienstleistungsaufsicht (BaFin) and the Deutsche Bundesbank. eToro (Europe) Ltd currently operates with the Cyprus Securities and Exchange Commission (CySEC) license #109/10, enabling eToro to extend its services to Germany as well as other European countries.
From Berlin to Bavaria, from Saxony to Saarland, and whether you're in Bremen, Brandenburg, or Hamburg, if you're a German citizen of legal age, you're eligible to open an account and embark on your trading journey with this broker.
Does eToro Have an Office in Germany?
eToro Germany GmbH maintains a physical presence with an office located in Frankfurt, Germany. However, it's worth mentioning that potential clients need not physically visit this office to commence their trading journey with this broker.
eToro Germany GmbH
Friedrich-Ebert-Anlage 35-37/19 OG
60327 Frankfurt am Main, Germany
Meanwhile, the administrative hub of eToro (Europe) Ltd. is strategically situated in Cyprus, with the address as follows:
eToro (Europe) Ltd.
4 Profiti Ilia Str., Kanika Business Centre
7th floor, Germasogeia, 4046
Limassol, Cyprus
 Ltd, address on Google Maps.jpg)
Eager to commence your eToro venture in Germany? You have the opportunity to begin immediately.
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
eToro Germany Phone Number
eToro does not offer a specialized local phone service for its German customers. Nonetheless, their support team can be accessed through various alternatives:
- Support ticket: You can open a ticket using your registered email address after logging into your account.
Opening a new ticket with eToro - Live chat: This method of communication operates five days a week, round the clock, from Monday to Friday.
eToro live chat - Email: Direct email communication is available without needing to fill a contact form. Simply send your query directly to [email protected]
The aforementioned support ticket and live chat services can be availed either by visiting the Customer Service Center page or by following this link: etoro.com/customer-service.
Platform
You can tap into the eToro platform either via a web browser or through their dedicated app, which is compatible with both Android and iOS (iPhone or iPad) devices. Whichever platform you opt for, you'll have unhindered access to all features, and can carry out all trading activities seamlessly.
One added benefit is the option to switch the platform language to German, aligning with your native language preference. To modify the language setting, navigate to the Settings, select the General sub-menu, and from there, you'll encounter an option to select your language of choice, where German or Deutsch is readily available.
Deposit Options for Germans
For traders residing in Germany, eToro offers the following modes for account funding:
- Credit/debit cards
- Bank transfer
- Klarna / Sofort Banking
- PayPal
Please note that eToro carries out all transactions in USD. Consequently, if you choose to deposit in EUR, your funds will be automatically converted into USD, and a nominal conversion fee will be applicable.
Minimum Deposit for DE Residents
To initiate your trading activities, an initial deposit into your account is mandatory, which is currently set at $50 (approximately €46). For subsequent deposits, the minimum requirement is still the same. And for those opting for bank transfers, the minimum deposit requirement is at $500.
Fees for Germany Clients
The fee structure applied by eToro for German traders is in alignment with those of other nationalities. For instance, should you maintain a CFD position open over the weekend, eToro will levy an overnight fee, the rate of which is uniform for all traders, irrespective of their country of residence.
Withdrawal Fees for Germany Traders
The lowest amount permissible for withdrawal from your account is $30. Each withdrawal incurs a flat fee of $5. This fee remains constant, irrespective of the amount you intend to withdraw. Thus, be it $30, $100, or $500, the transaction fee remains a fixed $5 per transaction.
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Trading German Stocks on eToro
eToro presents an array of top-tier German firms from diverse sectors such as financial services, telecommunications, mining, consumer goods, and real estate. The platform hosts over 100 stocks listed on the DAX, featuring companies such as:
- Volkswagen AH (VOW3.DE)
- Deutsche Lufthansa Akitengesellschaft (LHA.DE)
- Mercedez-Benz Group AG (MBG.DE)
- Porsche Automobil Holdinh SE (PAH3.DE)
- Siemens Akitengesellschaft (SIE.DE)
- Rheinmetall AG (RHM.DE)
- Aurubis AG (NDA.DE)
- Adidas AG (ADS.GE)
- Bayer AG (BAYN.DE)
- SAP SE (SAP.DE)
- RWE AG (RWE.DE)
- Bayerische Motoren Werke Aktiengesellschaft (BMW.DE)
- Siemens Energy AG (ENR.DE)
- Vonovia SE (VNA.DE)
- Allianz SE (ALV.DE)
- BASF SE (BAS.DE)
- Porsche AG (P911.DE)
- Varta AG (VAR1.DE)
- Deutsche Post AG (DHL.DE)
Kindly be aware, trading in physical stocks on eToro is only possible without leverage. Stock positions involving leverage are classified as Contract for Difference (CFD) trades.
DE Stocks - Did You Know?
For easy identification, all stocks listed on the Frankfurt Stock Exchange Market (DAX) are appended with a .DE at the end of their symbols. This serves as a distinguishing marker for German stocks when navigating the eToro platform.
DAX Index
Beyond German stocks, the eToro platform also facilitates investments in 20 other indices, inclusive of the DAX. The DAX, represented as GER40 on the platform, encompasses the 40 most prominent German blue-chip companies trading on the Frankfurt Stock Exchange.
Please be aware: This particular financial instrument is traded in the form of a Contract for Difference (CFD).
Registration for DE Residents
The registration procedure for German residents aligns with that for traders from other countries. Initially, you will be asked to provide a preferred username, email, and password.
It is mandatory to agree to the financial terms, disclosure statement, and services guide of eToro Europe Ltd. (CySEC Regulated) and eToro Germany Gmbh (supervised by Bundesanstalt für Finanzdienstleistungsaufsicht, Bafin). These entities are authorized to cater to traders in your region, so it's crucial to confirm that these are the operators shown when you register.
Top eToro German Traders
Currently, a number of notable German traders engaged in the eToro Popular Investor program are listed below. These traders consistently exhibit a risk score between 4 and 5, with the most experienced trader having commenced their activities as early as 2015.
| Trader | Username | Popular Investor Level |
|---|---|---|
| Dustin Helwig | @finanzzyklen | Elite ★ |
| Kenan Abel | @kenanabel | Elite ★ |
| Albert Dietrich | @fifty-five | Elite ★ |
| Gaurav Kukreja | @gauravk_in | Champion ★ |
A comparison chart depicting their performance from 2019 through 2022 is provided below. However, do bear in mind that some of these traders may have started their trading journeys only a year or two ago, and thus, their performance charts for 2019 and 2020 may not be available.
Kickstart your eToro journey today and start copying these leading German traders inspire your trading experience.
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
eToro Germany Stats
As per the most up-to-date data from eToro's Q4 2022 Investor Update (March 2023), there were approximately 2.8 million funded accounts. It's noteworthy that 71% of these accounts belonged to the UK and Europe, which includes Germany, as of the end of December 2022.
Frequently Asked Questions (FAQ)
Can residents of Germany use eToro for trading?
Yes, German citizens and residents can readily utilize eToro for their trading activities. As an internationally recognized online trading platform, eToro extends its services to various countries, Germany being one of them. Individuals in Germany can conveniently create an eToro account, deposit funds, and begin trading a wide array of assets such as stocks, cryptocurrencies, commodities, forex, and more.
What are the fees on eToro for Germans?
Similar to its approach in other countries, eToro generally maintains uniform fees for its services across different regions. These include trading fees, withdrawal fees, conversion fees, and inactivity fees. For instance, irrespective of the trader's country of residence, eToro imposes a fixed $5 fee for every withdrawal transaction.
How do I open an eToro account in Germany?
To get started with eToro, follow these steps:
- Navigate to the eToro official website, www.etoro.com, and select the "Sign Up" button.
- Choose a unique username and secure password for your eToro account, and provide a valid email address.
- Confirm your email address by clicking on the verification link sent to you by eToro.
- Fill out the eToro registration form with necessary details such as your physical address and date of birth.
- Upload a digital copy of a government-issued identification to authenticate your account.
Please be aware that eToro might need further documentation or information to validate your identity or meet compliance standards. Furthermore, it is crucial to thoroughly review and comprehend eToro's terms of service before initiating an account.
What documents do I need to verify my eToro account in Germany?
For German residents looking to verify their eToro accounts, certain documentation is required:
- Government-issued ID: This could be a passport, driver's license, or national ID.
- Address verification: This can be a utility bill, bank statement, or tax document featuring your name and address.
- Payment method confirmation: If using a credit/debit card or e-wallet, a copy of the card or e-wallet screenshot may be needed.
- Selfie: eToro may require a selfie where you're holding your ID or a paper with a specific code.
This process may take several days, and eToro may ask for additional documents if required. Ensure all submitted documents are clear, readable, and align with the details in your eToro account.
Why is video or bank identification required for German clients to trade crypto?
Apart from the routine account verification necessary to utilize the eToro investment platform, residents of Germany using eToro must undergo either video or bank identification to initiate crypto trading. In Germany, the custody of cryptoassets is a regulated activity, with eToro Germany offering these custodial services under BaFin's supervision. Such regulation is put in place to uphold financial and organizational standards to protect the interests of German customers.
What can I trade on eToro if I am from Germany?
For German traders utilizing eToro, an extensive assortment of trading assets awaits. The offerings span from foreign exchange (forex) and commodities to stocks, market indices, and cryptocurrencies, along with exchange-traded funds (ETFs). With over 3000 distinctive assets available, you can diversify your trading and investment portfolio on this platform.
Does eToro offer demo accounts in Germany?
Yes, upon successful creation of a live trading account, German users also gain access to a complimentary demo account on eToro. This feature facilitates risk-free trading exploration and practice.
How can I find successful German traders to copy on eToro?
To follow or copy the strategies of accomplished German traders on eToro, utilize the platform's CopyTrader function. Fine-tune the search filter to display exclusively German traders. You may also wish to customize settings related to trading style, performance metrics, risk tolerance, and other parameters to align with your individual trading inclinations.
What trading platforms does eToro offer in Germany?
All of eToro's platforms are accessible for eToro traders in Germany. This includes the web-based platform, which can be accessed on web browsers, and its mobile app, which can be installed on mobile devices that are powered by either Android or iOS.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.