eToro Club Membership review

For those who have recently joined eToro or those looking to learn more about all that eToro’s platform has to offer, it’s important to be aware of the eToro Club.

This club is a relatively new feature from the broker that operates in a similar fashion to a loyalty programme.

It delivers several advantages to help traders using eToro utilise the platform’s capabilities and get the most out of your experience.

Our team of experienced trading experts have compiled a full review and guide to the eToro Club, including everything from the different tier levels, and their benefits, to exactly what steps you need to follow to join and stay in the eToro Club.

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What exactly is the eToro Club?

The eToro club is a premium programme designed for those who have a certain value of equity in their eToro account. This level of equity is used to unlock one of six different eToro membership levels that grant you benefits like a dedicated account manager, live webinars, free withdrawals, and more.

How do I become a member of the eToro club?

Traders don’t need to go through any signup process to become a member of eToro Club, but simply need to open an account with eToro and deposit money.

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A certain rank will be assigned to you as a trader automatically depending on the amount you have deposited.

For example, if you deposit enough to cover exactly the minimum eToro deposit amount, the assigned tier will be Bronze.

If a trader manages to increase their available funds by placing profitable trades or depositing more money during their trading career in eToro, the rank will be automatically upgraded to the higher levels. The eToro Club tiers are:

• Bronze (base)
• Silver
• Gold
• Platinum
• Platinum+
• Diamond

The benefits of rach eToro Club tier

Here we will take a closer look at the individual benefits you stand to gain by joining each level of the eToro club.

This should allow you to set your own targets of which membership level you wish to join.

eToro Club bronze tier benefits (base level)

The Bronze tier is not technically an eToro Club level, but rather the standard base tier of every trader who has just joined eToro with a deposit of less than $5,000. Since this is the base level, you cannot benefit from the eToro Club.

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eToro Club silver tier benefits (from $5000 equity)

The eToro Club benefits begin with their silver tier. The equity requirement to join this tier is $5,000. With the eToro Club Silver tier, you will have access to a dedicated Customer Success Agent, to exclusive data-based Copy Portfolios, and if you’re based in the UK you may be eligible for the eToro Money card. The Account Manager can be of great assistance if you have any questions related to trading and will ensure that you are always only one moment away from some helpful guidance with your eToro live account.

Main silver benefits:

• Customer Success Agent
• Live webcasts
• Special copyportfolios
• eToro Visa debit card (in the UK)

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eToro gold tier benefits (from $10000 equity)

The eToro Club Gold tier membership can be accessed from $10,000 in realized equity. Reaching this level will mean you retain all benefits from the previous tier, plus gain access to an extensive range of live webinars and professional analysis. It is at this stage that you will also become eligible for a highly competitive line of credit provided by eToro.

Main gold benefits:

• Weekly market analysis

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eToro platinum tier benefits (from $25000 equity)

eToro Club’s Platinum tier membership can be accessed from $25,000 in realized equity. Reaching this eToro membership level means you will keep all the benefits of the previous tier, plus have access to private trading signals, a dedicated account manager, no withdrawal fees, an eToro debit card, and first access to many new products and features as they become available.

Main platinum benefits:

• Account manager
• Delta PRO indicators
• Trading Central platform
• Wall Street Journal subscription
• No withdrawal and deposit fees

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eToro platinum+ tier benefits (from $50000 equity)

The eToro Club Platinum Plus membership can be accessed from a realized equity of $50,000. As well as all of the benefits from previous levels, you will be assigned your own personal analyst, a Financial Times subscription, and access to a broad range of special events.

Main platinum+ benefits:

• Invitation to trading events
• Tickets to sporting events
• Zoom meetings with the Account Manager

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– eToro diamond tier benefits (from $250000 equity)

The eToro Diamond tier is the pinnacle of the eToro Club, and reserved for the most exclusive traders. This tier can be accessed with a realized equity above $250,000 and provides all of the previous level benefits plus an exemption on exchange fees and special invitations to hand-selected industry and sporting events.

Main diamond benefits:

• Financial Times Subscription
• Invitation to events with other Diamond members

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eToro Club membership level comparison (tier vs tier)

As you can see, there are a wide variety of advantages available to you when you join the eToro Club.

As well as access to a dedicated Account Manager and a low-interest credit line as mentioned, you can also improve your trading knowledge in many ways by being a member of the eToro Club.

You can build on your knowledge and expertise using the selection of live webinars which you will be eligible to attend. These are often delivered by industry and market experts and serve as a great opportunity to keep learning and improving your trading strategies.

You will also be getting the very best market analysis and insights delivered to you daily from the expert eToro team. This should give you the best opportunity to get one step ahead in trading.

Members of the eToro Club will also benefit from reduced fees for using the platform at certain tiers. This includes free withdrawals and discounts or waivers on exchange fees. If you are a regular high volume trader, these can both lead to great savings long term.

At the higher Platinum+ and Diamond membership levels of the eToro Club, you will gain access to private analyst consultations as well as invitations to top-tier industry and sporting events.

This showcases many of the benefits which you can get from joining the eToro club at each level.

Step by step guide on joining the eToro Club

Now that you are aware of the benefits of the eToro Club, let’s take a look at exactly how you can join the Club yourself.

Here is our step-by-step guide tohow you can get started.

Open an eToro live account

The very first step you will have to go through if you want to join the eToro Club, is to open your own eToro live account. To do this in the fastest and most efficient way possible you can follow our tutorial.

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This should show you everything you need to know in detail about opening a live eToro account. The process is relatively simple; sign up with an eToro real account, complete a few of the personal details, verify your account, and you will be ready to move to the next step of joining the eToro Club.

eToro account verification to join the eToro Club

The next step is to make sure your eToro account is verified. The eToro account verification process requires the following documents:

• Proof of Identity (Passport, driver’s license, national ID card)
• Proof of Address (Bank or utility statement)
• Your National Tax Number

Once you have uploaded these documents electronically through the eToro verification system, your account should be verified very quickly. This will allow you to deposit enough in order to join the eToro Club without problem.

Identify your desired eToro Club membership level and requirements

To become an eToro Club member, there are requirements which must be met in terms of the amount of equity you have in your eToro account.

This equity must be above a certain amount depending on which eToro Club membership tier you will join:

• Silver: $5,000
• Gold: $10,000
• Platinum: $25,000
• Platinum+: $50,000
• Diamond: $250,000

Your equity amount is calculated based on the realized equity in your account. The term, “realized” equity, means the amount of uninvested funds in your balance, added to the original amount invested in any positions that are open.

Basically, this number does not take into account any profit or loss, just the original amounts which you invested, or which are in your account.

For example:

You deposit $8,000 in your eToro live account.

You then open a position for $2,000.

The value of your open position rises to $4,000, but you keep it open.

The realized equity in this case is still $8,000 ($6,000 balance + $2,000 opening amount invested).

At this level you would qualify for the Silver tier of eToro Club membership.

On the other hand, if you closed your open position for $4,000, your balance would become $12,000 and this would also become your realized equity. This would then advance you to the Gold tier of the eToro Club.

Deposit sufficient funds to join the eToro Club

If you are thinking of joining the eToro Club immediately when you register your eToro live account, then you will need to deposit enough to reach your desired tier. This means a minimum of $5,000 deposit must be made in order to join the eToro Club from the very beginning.

Later, when you have been trading for a while, your tier-level may increase based upon the success of your trades if you ensure they are closed profitably and added to your balance, and therefore, your realized equity.

Signing up for eToro Club and upgrading your tier

One of the best things about the eToro Club is that your registration should be processed automatically andwill be updated every 24 hours based on the realized equity of your account. This also applies to upgrading your tier level.

Ultimately, this makes the eToro Club an easy process to be a part of. You do not have to worry about processing the membership yourself and verifying additional levels asyour tier level will also be automatically updated as your status changes. On the other hand, if you happen to fall out of a particular tier level, you will still be granted a full, three-month grace period to continue at your current level.

Why should you join the eToro Club?

This is a common question and the simple answer is that the eToro club is free to join, and in doing so, you can unlock many benefits which are reserved especially for eToro Club members. Essentially, since it is a free service which automatically upgrades your level when needed, there are no downsides that would suggest not to join.

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Joining the eToro Club can also act as a badge of honor for your eToro live account. Although your membership status is kept completely private for only you to know, it can still be an excellent achievement which gives you extra confidence in your trading ability.

One final important point to note is that all eToro users are eligible to join the eToro Club. This is true regardless of whether you are operating a regular account, or an eToro Islamic account, so long as you meet the required amount in terms of account equity.

eToro Club membership FAQs

What does bronze mean on eToro?

The eToro bronze meaning is essentially the first tier of the eToro Club membership. It’s a level that can be simply obtained by opening a live eToro account and being at this level doesn’t offer any specific benefits to traders.

How do I get eToro silver? What is eToro silver?

eToro Silver is the second tier of the eToro Club membership. In order to upgrade your account from Bronze to Silver, you have to deposit at least $5000 or reach that amount through trading.

What are the eToro gold requirements?

eToro Gold is the third tier of the eToro Club membership. In order to upgrade your account from Silver to Gold, you have to deposit at least $10,000 or reach that amount through trading.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.