eToro South Africa

eToro South Africa users have the comfort in knowing that the broker is regulated by multiple financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC) amongst others.

As an industry giant, and a broker of high repute with multiple Tier-1 regulators, eToro is still one of the most trusted brokers in South Africa that is available, despite the fact that it does not hold FSCA regulation at this stage. When signing up with eToro South Africa, you will be going through the Seychelles entity, holding FSA regulation as you can see here on their registry.

eToro History Adds Trust & Credibility

eToro is a social trading and investment platform that allows users to connect with each other and trade a variety of assets, including stocks, cryptocurrencies, forex, CFDs, commodities, and more. Founded in 2007 by brothers Yoni and Ronen Assia, eToro has since grown to become one of the world’s leading social trading platforms with over 10 million registered users in more than 140 countries.

You will likely have seen the vast array of sponsorship partnerships that eToro has been building over the years, with the broker one of the pre-eminent sponsors of Premier League football, the main shirt sponsor of AS Monaco, as well as holding many locally relevant sponsorships including that of Rugby Australia. These are in part to build the credibility and brand relevance of eToro, and shows in some part the success that the broker has had over these past 15 years in building itself into a globally recognised brand that transcends traditional trading in some ways.

eToro South Africa Review

Despite already being hugely successful, eToro continues to innovate and improve, and offers a variety of features and tools that make it an excellent choice for both new and experienced traders alike. The CopyTrader feature allows users to automatically copy the trades of other successful traders on the platform, and it is so user friendly and easy to use that it has essentially opened financial trading up to people that previously would have been put off by all the charts and terminology found on some of the traditional trading platforms out there like MT4.

This inclusivity, and simplicity, is a great plus for eToro, and something which has contributed significantly to take their success over the years.

The community of eToro users that engage and comment on a locally relevant instrument such as USD/ZAR is now almost 180,000 in number. We can take this as a clear indication that eToro South Africa interested userbase is up there amongst the strongest around. With the ease at checking associated news and comments from the community of traders on eToro, you are never short of information sources, or find yourself alone on any instrument. You will want to know which comments to ignore, and not allow the news to distract you entirely from your own trading plan, but all in all, eToro South Africa based users seem largely very happy with the platform.

Taking a look through the eToro Trustpilot reviews, there seems to be a few comments recently from those who have been gifted tickets, or event invites, which is a nice touch. This goes some way towards building a community of engaged and happy traders that will likely continue trading with eToro for many years ahead.

This is not the best trading platform for lowest spreads, or advanced charting, available online; but eToro does continue to excel in those soft skill areas like user experience, customer support, and creating a trading environment that people seem to want to be a part of. Personally, I prefer more granularity on my charting, and the lowest spreads I can find from a trusted broker, but when you evaluate the whole package together, there are still definitely some use cases where eToro tempt me in.

Cryptocurrency CFD trading, as well as unleveraged crypto, the ability to trade multi-asset all in one account without having to juggle multiple account, and the trust that I have in the longevity of eToro are all key factors that still pull me back every now and then. Not my main broker for forex trading, but if you are considering a new broker, then eToro are deserving of a second look.

eToro Minimum Deposit South Africa

The eToro minimum deposit South Africa users will see is $200, or around R 3400 in ZAR. Although you cannot operate your account in ZAR with eToro, you can find some solace in the fact that as so many of the instruments are priced in USD, you can have a consistent currency to compare.

If you are not immediately ready to start off with the minimum deposit, you can instead opt to start off with an eToro demo account, which is completely free and unlimited, offering you an entry into trading without the outlay of a single Cent. This is a gateway into learning the basics of the trading platform, the features and navigation, and the type of trading available on the eToro platform before you progress.