eToro Australia Crypto CFD Shift: Feeless, Real Trading 2024

eToro adjusts Crypto CFD trading in Australia: important changes effective february 19, 2024

eToro, the prominent trading platform, is set to halt support for non-leveraged long CFD positions on cryptocurrencies for Australian traders from February 19, 2024. Learn about the key updates and considerations for a seamless transition to real cryptocurrency trading.

29.01.2024, 07:36
Crypto trading eToro
98
Min. deposit
50$
Max. leverage
1:30
Bonus
Used by
30000000+
Min. Spread
0.5
Trading platforms
Own Platform
MetaTrader 4
MetaTrader 5
Web trader
Deposit methods
Trustly, iDEAL, Rapid, PayPal, Klarna, Credit/Debit Cards, Neteller, Wire, Skrill
Regulated by
FCA
CySEC
ASIC
eToro adjusts Crypto CFD trading in Australia: important changes effective february 19, 2024

eToro has implemented modifications to the trading of Contract for Difference (CFD) on Cryptocurrencies for users in Australia. Effective February 19, 2024, the platform will cease supporting non-leveraged long CFD positions on Cryptocurrencies.

98
Min. deposit
50$
Min. Spread
0.5
Bonus
Max. leverage
1:30
Used by
30000000+
Trading platforms
Own Platform
MetaTrader 4
MetaTrader 5
Web trader
Deposit methods
Trustly, iDEAL, Rapid, PayPal, Klarna, Credit/Debit Cards, Neteller, Wire, Skrill
Regulated by
FCA
CySEC
ASIC
98
Min. deposit
50$
Max. leverage
1:30
Bonus
Used by
30000000+
Min. Spread
0.5
Trading platforms
Own Platform
MetaTrader 4
MetaTrader 5
Web trader
Deposit methods
Trustly, iDEAL, Rapid, PayPal, Klarna, Credit/Debit Cards, Neteller, Wire, Skrill
Regulated by
FCA
CySEC
ASIC

For traders in Australia, all existing long CFD positions in Crypto assets without leverage will be automatically closed at their market value after the specified deadline, as announced by eToro.

eToro emphasizes that traders have the option to either maintain or initiate an equivalent position in actual Cryptocurrency after February 19, and no charges will be incurred for this transition. The decision is rooted in the fact that overnight fees are exclusively applicable to CFD positions.

 

Learn how to trade currency pairs, stocks, and CFDs on popular assets with Top Forex broker eToro

 

Furthermore, if a new trade in real Cryptocurrency is initiated within 30 minutes of closing the CFD position, eToro will reimburse the spread cost associated with opening the position. The credited amount will be directly deposited into the trader’s account within 8 business days.

It is important to note that in the event of reopening a position in real Cryptocurrency, the fee refund will not surpass the original trade size. eToro cautions traders that real Cryptocurrency is an unregulated product, and therefore, it does not offer any investor protection.

eToro