Introduction
eToro extends its services to more than 140 nations, Ireland included. If you're an investor based in Ireland considering partnering with this broker, here's some essential knowledge before you register and start trading. This guide provides a comprehensive range of information specifically tailored for Irish traders considering investment opportunities with eToro.
| ☘️ Accepts Irish Traders | Yes |
| 💰 Minimum Deposit | $50 |
| 🛍️ Market Types | Stocks, Commodities, Currencies, Indices, Crypto, ETFs |
| 🏛️ Regulation | Cyprus Securities Exchange Commission (CySEC) |
Are you based in Ireland and intrigued by the prospect of trading? Initiate your eToro adventure 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 Ireland?
eToro accommodates Irish citizens through the entity of eToro (Europe) Ltd., a financial services firm regulated by the Cyprus Securities Exchange Commission (CySEC) with license #109/10. This authorization empowers eToro to function in various European countries, including Ireland.
No matter if you're based in Connacht, Leinster, Munster, or Ulster, if you're an Irish citizen and of legal age, you're eligible to set up an account and embark on your trading journey with eToro. This guide provides all the information you'll need.
Does eToro Have an Office in Ireland?
Even though eToro does not maintain a physical branch in Ireland, it does not impede their ability to provide services to Irish clients. The operational headquarters for eToro (Europe) Ltd. is based in Cyprus at the following address:
eToro (Europe) Ltd.
4 Profiti Ilia Str., Kanika Business Centre
7th floor, Germasogeia, 4046
Limassol, Cyprus
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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 Ireland Phone Number
eToro, unfortunately, does not provide a dedicated local phone line for their clientele in Ireland. However, their customer service department can be reached through the following avenues:
- Support ticket: Once logged into your account, you can initiate a case using your registered email address.
Opening a new ticket with eToro - Live chat: This service operates 24/5, available only on weekdays.
eToro live chat - Email: There's no need to access a contact form so you can send the message directly using your email and send it to [email protected]
The first 2 communication channels can be accessed either through the Customer Service Center page or by visiting the following link: etoro.com/customer-service.
Deposit Options for Ireland Residents
For those residing in Ireland, there are several available options to add funds to your eToro trading account, including:
- Credit/debit cards
- Regular bank transfer
- PayPal (available on 2nd and succeeding deposits)
Note: This broker processes all transactions in USD. Therefore, if you deposit funds in EUR, they will automatically be converted to USD, and a minimal conversion fee will be incurred.
Minimum Deposit for IR Residents
To commence your trading journey on eToro, an initial deposit of approximately $50 (around €46) is required. If you attempt to deposit less than this, the system will provide a notification about the minimum amount accepted in both USD and EUR.
For all following deposits, the minimum remains at $50. However, if you opt for a bank transfer, the minimum deposit rises to $500.
Fees for Ireland Clients
For traders in Ireland, eToro's fee structure aligns with that of other countries. This means, for instance, maintaining an open CFD position over the weekend will incur an overnight fee, charged at a universal rate, irrespective of the trader's domicile. Furthermore, should your account stay dormant for 12 consecutive months, eToro levies a monthly inactivity fee of $10.
Withdrawal Fees for Ireland Traders
In terms of fund withdrawal from your eToro account, please note that the least amount you can withdraw is $30. Irrespective of the sum you opt to withdraw - be it $30, $100, $500 or amounts exceeding $1000 - each transaction will incur a standard $5 fee. This uniform fee structure ensures straightforward cost management 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 Irish Stocks on eToro
At present, eToro does not offer trading access to stocks listed on Euronext Dublin (formerly known as the Irish Stock Exchange).
However, there's an upside: Several significant Irish corporations also have listings on the London Stock Exchange. Given that eToro provides access to stocks traded on this British exchange, you will have the opportunity to invest in shares of these entities.
Listed below are some of the companies that you can trade on their platform:
- Bank of Ireland Group plc (BIRG.L)
- CRH plc (CRH.L)
- Kerry Group Plc (KYG.L)
- Glanbia Plc (GLB.L)
- Kingspan Group Plc (KSP.L.GBX)
- Smurfit Kappa Group (SKG.L)
- Flutter Entertainment (FLTR.L)
Be aware that trading in physical stocks on eToro is offered without leverage. When leverage is employed, stock positions are handled as Contracts for Difference (CFD).
UK and Ireland Stocks - Did You Know?
Stocks traded on the London Stock Exchange bear a '.L' suffix at the end of their ticker symbols. This distinguishing factor assists you in recognizing LSE stocks when operating on the eToro platform.
Registration for Ireland Residents
The digital signup process for residents of Ireland mirrors that of traders hailing from other nations. Initially, you will be prompted to specify your chosen username, email, and password.
You must accept the financial terms, disclosure statement, and services guide of eToro Europe Ltd. This is the institution regulated by CySEC and authorized to serve traders in your region, hence it's vital to ensure it is indeed the correct company.
Top eToro Irish Traders
Presently, some of the most prominent Irish traders participating in the eToro Popular Investor program are as follows. These traders maintain a risk score ranging between 4-5, with the most seasoned participant having been active since 2020.
| Trader | Username | Popular Investor Level |
|---|---|---|
| Raphael Pizzaia | @raphaelpizzaia | Champion ★ |
| Hugo Silva | @kainite | Cadet ★ |
| Soren Deiola | @samuelyurishow | Cadet ★ |
| John Paul Tuohy | @alfatrader20 | Cadet ★ |
A performance comparison graph from 2020 to 2022 for these traders is provided below. However, keep in mind that some of these traders only embarked on their trading journeys a year or two ago, hence their performance graphs for 2020 and 2021 might be non-existent.
Initiate your eToro experience today and draw motivation from the triumphant Irish traders on the platform.
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 Ireland Stats
The most recent information, as per eToro's Q4 2022 Investor Update (March 2023), indicates that there were 2.8 million funded accounts. Notably, 71% of these accounts originated from the UK and Europe, a region inclusive of Ireland, as of December 31, 2022.
Frequently Asked Questions (FAQ)
Is eToro accessible for residents of Ireland to trade?
Yes, eToro offers its trading platform services to citizens and residents of Ireland. As a globally recognized online trading platform, eToro has extended its operations to numerous countries, and Ireland is included. Individuals of legal age residing in Ireland can register for an eToro account, fund it, and then begin to trade across a wide range of assets such as stocks, cryptocurrencies, commodities, forex, and more.
What does it cost to use eToro in Ireland?
Using the platform itself does not cost anything but you do need to be aware of the fees. Like in many other countries, eToro's fee structure remains uniform across its services. These charges encompass trading fees, withdrawal fees, conversion fees, and fees for inactivity. For instance, a standard withdrawal incurs a flat $5 fee, a figure that applies no matter the trader's country of origin.
How can Irish residents open an eToro account?
Here are the step-by-step instructions to establish an eToro account if you are residing in Ireland:
- Visit the official eToro website at www.etoro.com and select the "Sign Up" option.
- Fill in your personal details, which include your full name, email address, and contact number.
- Designate a unique username and password for your eToro account, and provide your email address.
- Fill out the eToro application form with additional personal information, such as your residential address and date of birth.
- Verify your account by uploading a digital copy of your government-issued identification document.
Keep in mind that to adhere to regulatory guidelines, eToro may request supplementary documentation or information for identity verification. Prior to opening an account, be sure to read and fully comprehend eToro's terms and conditions.
What trading options are available to Irish residents on eToro?
As an eToro user in Ireland, you'll have access to a broad range of trading instruments. These include foreign exchange (forex), commodities, equities, market indices, cryptocurrencies, and exchange-traded funds (ETFs). The platform offers more than 3000 different assets for you to invest in and trade.
Is there a demo account option for Irish traders on eToro?
Absolutely, eToro offers a complimentary demo account to all its traders, including those from Ireland, upon successful creation of a live trading account.
How to locate successful Irish traders to copy on eToro?
To locate and emulate the trades of prosperous Irish traders on eToro, utilize the platform's CopyTrader function. Configure your search filter to only show traders from Ireland and further fine-tune your search by adjusting parameters like trading style, performance, and risk score to align with your preferences.
What trading platforms or apps are accessible to Irish traders on eToro?
eToro's entire suite of trading platforms is available to traders in Ireland. This comprises the web trading platform, which is accessible via any standard internet browser, and a mobile application compatible with devices running on Android or iOS.
Armed with all the crucial details about eToro tailored for Irish clientele, you're all set to embark on your trading journey!
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.