[Expired] eToro Brokerage $240 Bonus With Deposit

Update 12/4/22: Offer appears to have expired

Update 12/1/22: A lot of people have successfully gotten the $240 from eToro. Some people got their $50 Rakuten while others had issues (the Rakuten part isn’t showing anymore). No one has yet to have any success getting their portal cashback from Gocashback (offer is still showing there).

Update 11/4/22: reposting as I’ve added a few notes to the post

The Offer

Direct Link to offer | Terms (pdf) (be sure to click through the shopping portal before actually signing up)

  • eToro brokerage is offering a bonus of $240 when you sign up and deposit $2,000. Deposited funds remain in your Account for a minimum of 90 days following the date of deposit.
  • There’s also a portal bonus of $50/5,000 from Rakuten or $120 from Gocashback. The Rakuten bonus requires $100 in trades, the Gocashback bonus has a stated requirement of just your ‘first trade’.

The portal links directly to the bonus page so there shouldn’t be any issue stacking the two. It’s been confirmed by a reader as well. The portal bonus can interesting on its own as well. eToro is member SIPC.

The Fine Print

  • Not eligible if you already have an eToro account or if you closed one in the last 30 business days
  • The pdf (linked above) shows a promotion budget of $100,000

Our Verdict

Most of the prior eToro bonuses involved crypto, yet with both the deposit bonus and portal bonus can be done with cash or investments. It’s also not a bad bonus for depositing $2,000 and making a trade (some easy trade ideas here).

The fine print shows a promotion budget of $100,000. Hopefully they’ll pull the offer page before stopping to honor the promotion, but there is some risk here. The $120 bonus could be interesting to a lot of people, even without the other bonus. And the Gocashback version just has a stated requirement of a single trade.

You can find the Gocashback offer for eToro here. (This contains my referral link to Gocashback, we’ll each get $5 if you signup using my referral link. My referral code is HY7QVF which you can enter at signup as well.) You can alternatively use Rakuten for $50/5,000. Both portals should work fine in conjunction with the bonus offer. I don’t have any experience with the Gocashback portal, but it’s been around at least a few years, based on some poking around the internet. Given it’s a major bump from the Rakuten rate (at least on a strict cashback basis), some people might give them a chance over the established Rakuten.

Hat tip to reader thefirstrule
    Chuck
  • On November 4, 2022, 11:30
Tags: brokerage bonuses

View Comments (331)

  • Fuk etoro. Die. 👿 @will @chuck

    “We are writing to inform you that due to the regulatory environment, from September 11, eToro users based in the United States will only be able to open (buy) new crypto positions in the following three cryptoassets: Bitcoin (BTC), Bitcoin Cash (BCH) and Ethereum (ETH). It will not be possible for US customers to open new positions in any other cryptoassets. These restrictions also apply to CopyTrader.

    In addition, from March 11, 2025, US users will only be able to close (sell) crypto positions in BTC, BCH and ETH.

    Please note that in most cases, no action is needed on your part. Only positions that cannot be transferred to the eToro Wallet are impacted. This will represent less than 3% of the total dollar value of US customers’ cryptoassets. Positions in coins which are redeemable to the eToro crypto wallet can remain as open positions on the eToro platform indefinitely, so no action is required for these assets. The list of cryptoassets redeemable to the eToro Wallet can be viewed here.

    On March 18, 2025, any remaining open positions in cryptoassets other than BTC, BCH, ETH and those supported by the wallet at that time will be liquidated, and the proceeds from these liquidations will be transferred to users’ available cash balance in their investment accounts.

    US users can continue to trade and invest in stocks, ETFs, options and three of the largest cryptoassets.

    As a long-term supporter and global pioneer of cryptoassets, as well as a financial services provider for regulated securities, we hope that in the near future there will be a clear regulatory framework for cryptoassets in the US. Once this is in place, we will look to enable trading in the cryptoassets that meet this framework.

    We apologize for the inconvenience that these changes may cause you. Our customer service team is on hand to answer your questions.

    Best,
    The eToro Team”

    • I got this response. I'll never use GoCashBack.

      We are saddened to inform you that we already got feedback from our back office and escalation team about this matter. ETORO is not cooperating with us in regards to this matter, we never got any response from them and no paid cashback paid for the order that are qualified for cashback,

      GoCashback only gets commission out from each order that will be made and we will not cover up the cashback amount for this transaction. ETORO was already removed in our system and no longer has connections with them.

      Best Regards,
      GoCashBack

      • Well, thanks for providing a final update. They don't even respond to my messages anymore.

    • They finally rejected my 100% valid claim after like 10 months of waiting, and no one there speaks English well enough to explain why. Avoid GoCashback, they're complete bullshit.

    • @guest_1598454 Not that I'm aware of. I've been emailing them for updates every month or so and their latest reply was on March 30th:

      Hi mothman69,

      We know that you waited that long for this to be available. All of the ETORO orders are having delays for the same order claim you have submitted, we apologize for this inconvenience, our team are doing their best to get in touch with ETORO for this to be resolved.

      Escalation ticket was submitted and we are hoping that ETORO responded to this. Again we apologize for the inconvenience this may have caused to you.

      Best Regards,
      GoCashBack

      • They gave me this exact same message, then ultimately rejected my claim today. Scam.

    • fck:
      "
      6.9. Eligibility to participate in the Promotion is limited to one account per
      person/household or environment in which computers are shared. Users
      participating who have more than one trading account will be eligible for one
      Reward only. Users opening or operating multiple accounts to benefit from the
      Promotion will not be entitled to receive any benefit under the Promotion. For
      the purpose hereof, eToro may determine, in its sole discretion, that several
      accounts maintained under the same household/control/ownership shall be
      considered as a single account.
      "

  • Has anyone been able to collect the 120 from gocashback. I haven't received it and here is what they said when I asked ( I did get the 240 from etoro)

    All promotions that will be posted on the website are at the merchants discretion, they can remove or change the promotion without any prior notice.

    Currently no promotion is implied from ETORO, if you are planning to use our website to make a trade using our order portal. Please check our website from time to time to see upcoming promotions that merchant will give to our users.

    Best Regards,
    GoCashBack

    • No. It took a long time for me to figure out how to submit a missing cash back claim that would not be instantly rejected as "invalid" - eventually I found out how to locate the trade confirmation and used a screenshot and the order # from that document. That finally got me past the instant rejection, but it's been in "reviewing" status for about 100 days now.

      At first GCB customer service said "it may take up to 60-90 days" and when I pointed out that it had been over 90 days since the trade, they said "well, allow 90 days from when your missing cash back claim was submitted". So I did. I emailed them again, and they just said "oh, sometimes it takes more than 90 days. We'll ask eToro about it".

      I haven't seen a single DP of anyone getting their cash from GCB. Not to mention, other cash back that was tracked automatically has not paid out either.

      I'll never use them again. At this point my ROI on the time spent trying to get the payout, if they pay today, is too low a wage to be worth my time.

    • This is the last messaged I received from them after the 90 day review window expired:

      Thank you for reaching us again.

      Your claim has the same status pending and waiting to be reviewed. We are so sorry again if this was taking a ot of your time but we only wait for them to send us the data needed and the cashback amount that you have earned should be paid and done by them.

      Best Regards,
      GoCashBack

      Still no bonus.

  • I got the eToro option $500 deposit, $50 bonus email a few months ago and opened the eToro option account and deposited $500 in January. I haven't got the $50 bonus yet. Anyone else?

    • @guest_1556962 I deposited $500 on 1/14/2023 and still haven't received the $50 bonus either on the eToro Options app. I submitted a ticket through the app and you can do the same by clicking your profile and then selecting the "Help" option. Per the terms, the $50 bonus was to be deposited within 30 days of the end of the promotion period which I believe was 1/31/2023, meaning it should have been paid by now.

  • Regarding the wire transfer. I noticed anything above $1,701 automatically withdrawals to wire. If you do $1,700 or less, it will go back to your debit card.

  • eToro does not issue 1099s for less than $600. @guest_1479396

    "Thanks for reaching out regarding your 2022 tax documents..... Additionally, we can see that you did not receive income up to $600 for the 1099 Misc Form."

Leave a Comment