The Offer
Targeted offer sent out via e-mail. Subject line is ‘Here’s $200 to get back in the game’
- eToro is offering some existing customers a bonus of $200 when trade at least $2,000 in crypto
The Fine Print
- To receive the Bonus you will need to: (1) have an existing eToro account; (2) be fully verified by eToro pursuant to its policies and procedures; (3) meet, accept and agree to eToro’s Terms and Conditions and its Privacy Policy; (4) complete a deposit into your eToro account, which must be registered under the same email address to which notice of this Bonus was sent, and initiate a trade of at least US $2,000, whether self-directed or towards a CopyPortfolio or CopyTrader portfolio, between April 8, 2020 and April 28, 2020, and (5) be a resident of the following states and territories: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, District of Columbia, Florida, Georgia, Indiana, Iowa, Kansas, Kentucky, Maine, Marianas Is., Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Texas, US Minor Is, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.
Our Verdict
Quite a few readers have accounts due to the $50 referral bonus. I assume you can come out ahead when you trade $2,000 in crypto, but I’m not that familiar with the fees eToro charges.
Update: Made my transfer/trade of $2000 on 4/17. Held until 4/23 then sold. $200 posted today on 5/6.
My bonus is also showing. It appears like it can be withdrawn.
Same here. The terms did say “The Bonus will not be available for withdrawal in the first 3 months following its deposit” which made it seem like it would not show up in available balance to withdraw. I’m debating withdrawing and hoping for the best.
Joseph were you able to successfully withdraw the complete amount?
I was able to withdraw the complete amount. It’s pending in my Chase account, and it’s listed as “Under Review” in my eToro transaction history. I can update again when it posts.
Joseph thank you! please update once the transaction posts.
The entire amount is posted in my Chase account and listed as processed in my etoro account.
The bonus post last night for me. Made my trade on 4/12.
I apologize for my grammar. Should be posted instead of post.
I’m in a similar boat. Transfered and made my trade on 4/17. Held for a bit for a small profit. Terms say “no later than 30 business days” so I’m not worried. Just hope it comes sooner.
I made my trade a day later than you and still waiting for the bonus as well.
Having difficulty depositing from my cap one account. Anyone else have this trouble? I used this account previously for eToro.
Update: I heard back from them, Cap One not working. Discover works fine I will do my transfer once I have the $2k in that account.
I just deposited $2050 and bought bitcoin and sold it after a minute. The fee was about .75% so $15 fee when purchasing and no fee on selling. I’ll just keep 2k in there until I get the bonus and once I get the bonus, I will withdraw the initial deposited amount.
So far eToro had been a good source of income for me by maxing out on referrals for my account and my wife’s account (total of 1.1k profit)
In theory, could you execute a $2000 BTC purchase, sell the $2000 BTC same day, withdrawal your $2000 minus fess, wait 30 days for the $200, hold the $200 for another 2 months and then withdraw the bonus?
Just FYI there’s more terms stating you can’t withdraw the bonus for 3 months:
“After you have completed all of the above requirements, eToro will deposit a total of US $200 into your eToro account no later than 30 business days from the date of your trade of $2,000 or more. The Bonus will not be available for withdrawal in the first 3 months following its deposit. ”
https://etoro-production.s3.eu-west-1.amazonaws.com/e-marketing/MarketingAutomation/eToro%20Terms%20and%20Conditions%20-%20Retention%20Redeposit%20April%202020%20%282%29.pdf
Dang, I already closed my account!
Anybody know how much they charge for the fee?
Hi Spicy, https://www.etoro.com/en-us/trading/market-hours-fees/
you need a code? SpicyPadThai
Not sure if this is allowed but
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It’s not allowed.
I was targeted luckily. If you weren’t but still want a $50 bonus, you can use my referral link [removed]
Pretty sure Doc has a no-ref rule unless they state otherwise.
Don’t post your link here.
I’d do it in a second, but not targeted 🙁
+1