eToro X Review
eToro X Review
eToro X was designed for the more experienced, professional trader. It offers traders advanced order types and high quality features. eToro X has 24 hour volume of $0. Traders can choose between 3 coins and 3 pairs.
| Overview | |||
|---|---|---|---|
| 🏆 CI Exchange Rank | 3.8 (#43) | 📈 24H Volume | $0 (#41) |
| 📌 Headquartered | Israel | 🧱 Founded | 2018 |
| 💧 CI Liquidity Rank | 0.010 (#2) | 🚀 Beginner-friendly? | No |
| 💲 Supports Fiat? | Yes | 🎌 Languages Supported | |
| 💼 Business Accounts | Yes | ✖️ Margin Trading | Yes |
| 👛 External Wallet | Yes | 🔃 OTC Trading | No |
| 📱 Mobile App | Yes | 💰 Integrated Wallet | Yes |
| 🔮 Futures Trading | No | ⚪️ Spot Trading | Yes |
| ⭕️ Coins: | 3 | 🔀 Pairs: | 3 |
eToro X is more suited to advanced, experienced traders. New traders may find it difficult to navigate their way on the exchange. The exchange has been available to US citizens since 2018.
| Pros | Cons |
|---|---|
| eToro X is a subsidiary of the highly reputable eToro exchange. | eToro X is not ideal for beginners. |
| US citizens are permitted to trade on eToro X | Email-based customer support, no live chat |
eToro X was founded in 2018, in Tel Aviv Israel, by brothers Yoni Assia and Ronen Assia together with David Ring. The exchange is regulated by the Gibraltar Regulatory Authority(GRA).
Crypto on eToro X
Crypto Verification
A mandatory verification process must be completed before you can start trading crypto.
You will need to submit to documents for verification to be successful:
- Proof of identity
- Proof of address
| What's Needed | |||
|---|---|---|---|
| 🛂 Documents | Driving Licence, Utility Bill, Bank Statement | 🕖 Verification Duration | 1-2 days |
Crypto Deposits
There are no deposit fees charged for cryptocurrency trading on eToro.
| Buying In | |
|---|---|
| Crypto/Coins | Free |
Crypto Withdrawals
There is no withdrawal fee charged for trading cryptocurrency. However, there is a quick withdrawal limit of 10K USD per 24 hours. Transactions higher than this amount will be screened, with approval within a timeframe of up to 24 hours on weekdays, and up to 72 hours over weekends.
| Cashing Out | |
|---|---|
| Crypto/Coins | Free |
Fiat on eToro X
Fiat Verification
The fiat verification process is the same as crypto verification.
You will need to submit to documents for verification to be successful:
- Proof of identity
- Proof of address
| What's Needed | |||
|---|---|---|---|
| 🛂 Documents | Driving Licence, Utility Bill, Bank Statement | 🕖 Verification Duration | 1 day |
Fiat Deposits
The eToro X exchange operates in USD, and does not charge any fees for USD deposits. However, traders depositing in other currencies may be liable to pay conversion fees.
Fiat Withdrawals
Withdrawal requests are subject to a $5 fee. Any withdrawals sent in currencies other than USD are also subject to conversion fees.
Here are the Fiat to Crypto Conversion Limits:
| Cashing Out | |||
|---|---|---|---|
| Debit Card | $5 | Credit Card | $5 | Bank Transfer | $5 |
eToro X Fees
eToro X has a tiered fee system which is based on the 30-day trading volume. These trading fees range from 0.10% to 0.03% for market makers, and 0.24% to 0.12% for market takers.
eToro X Features
Spot Trading
Credit line is the credit program used by eToro X for spot trading.
Margin Trading
eToro X does offer traders the ability to margin trade. The exchange currently offers leverage of x2 (meaning you can trade $2,000 with a deposit of $1,000) on all crypto assets.
CFD Trading
eToro X offers CFD trading with currencies, commodities, indices, stocks, and cryptocurrencies.
Copy Trading
Copy Trading is considered to be eToro X’s most sough-after feature. With eToro X’s CopyTrader, you can automatically copy top-performing traders, by instantly replicating their trading strategies in your own portfolio.
Social Trading
eToro X has created a social trading program aimed at developing a strong community of traders & investors . This program rewards successful members of the eToro X community for being copied. Simply put, the more copiers they have, the larger their payout. The payments to popular investors are given on top of any profits made from trading and can reach as high as 2% of their total AUM (assets under management).
API Trading
eToro X has a fixed API protocol in place for you. This API can reach speeds of up to 100,000 orders per second.
Fiat Gateway
eToro X has partnered with leading banks – including advanced crypto banking providers such as Signature Bank – to offer fast, convenient crypto-to-fiat transfers.
Corporate Accounts
eToro X does permit corporate accounts. However, when registering a corporate account, a minimum first-time deposit of $10,000 is required.
eToro X Money Wallet
The eToro X money crypto wallet is an easy-to-use, multi-crypto, secure digital crypto wallet.
eToro Partners
eToro X Partners is an affiliate scheme offered by eToro that offers several channels for generating referrals. This includes banners, text links and deep link to eToro profiles. It is more complex than other affiliate schemes who require that you send referral links to your network., however it does come with its rewards. The eToro X Partners program offers 25% revenue share and/or $400 DCPA opportunities.
Mobile App
eToro has a mobile app available on Android and Desktop. You will have access to the crypto market, community, stats and updates 24/7. You will also be able to buy or sell crypto on the go and your portfolio will be completely synced to all your devices — mobile, tablet and desktop.
eToro X Safety
Cold Storage
The eToro X exchange does use cold storage wallets that utilize dedicated FIPS 10 military grade hardware to secure the private keys.
Two Factor Authentication
eToro X does offer 2FA as a extra layer of security on your account. This means that every time you want to sign into your eToro account or perform transactions, you will be required to verify your account.
IP Whitelisting
eToro X supports IP whitelisting. You can enable or disable network access to specific IP addresses.
eToro X FAQs
Is eToro X safe?
Yes. eToro X has all the security protocols in place to keep your account safe. This includes cold storage, IP whitelisting, 2FA etc.
Does eToro X support fiat currencies?
Yes. eToro X makes it easy for you to buy crypto using US Dollars, Euros, Pound Sterling, and other fiat currencies.
Can you short on eToro X?
Yes. You are still able to open short (SELL) positions on the platform, however, these will be CFD positions.
