Trading on eToro in Australia

eToro is a global trading platform that is now available in Australia.  You can invest in shares, currencies, cryptocurrencies, commodities and ETFs.  But is it a good option for investing and trading?  I’ve been using eToro to trade for the last few years.  Here is my eToro Australia review.

What is eToro

eToro is an online trading platform.  You can buy and sell shares (both real shares, ETFs and CFDs), forex (currency like the AUD), cryptos (like bitcoin) and commodities (such as Gold and Oil).  It’s also a “copy trading platform”.  This means you can copy trades made by more experienced traders.  Whenever they make a trade, your account also makes a trade.

I currently use eToro to invest in a portfolio of tech companies as well crypto.

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How to Buy Shares on eToro

eToro LogoeToro is a popular trading platform that is available in Australia.  Through eToro you can buy and sell shares from the U.S, E.U and U.K without having to pay any brokerage commissions.  This means you can invest in companies like Apple, Amazon, Netflix, Tesla,  Spotify and more.

This is my guide to buying shares on eToro in Australia:

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Here’s a Spaceship Voyager Referral Code

spaceship voyager promoUpdate – Here is the latest spaceship referral code for September 2021.  This month, Spaceship has doubled the bonus and it’s now $10!

I’ve been using the Spaceship Voyager app for the past couple of years.  It’s one of my favourite investment products.  They are currently running a promo where you get $10 free when you sign up to use the app and enter the spaceship referral code: S81EQD1W4M .  It’s a great way to start your saving and investing journey.  Read on to find out how to get the bonus:

What is Spaceship Voyager

Spaceship Voyager is a new way to save and invest money. You can start investing with as little as $5 and then setup either scheduled investments of invest one off lump sums.  Your money gets invested in a diverse portfolio of stocks.  You can choose one of three portfolios – one is made up of the companies Spaceship thinks will be important in the future.  The second is the “earth” portfolio made up of sustainable companies.  And the third is an index portfolio made up of 200 of the worlds largest companies.

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13 Australian Investing Apps to try in 2021

Investing AppsThe number of investing apps available in Australia is increasing every month.    There are now options for every Australian no matter if you’re just starting out with just $5 or looking to grow a larger balance.

I like to test out most investing apps in Australia and these are the ones that I’ve found to be the most exciting in 2021.  I’ll be keeping this page updated with all the latest apps that become available in Australia over the coming year.

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The Best Commsec Alternatives

Commsec AlternativesCommsec is one of the most popular share trading platforms in Australia.  But is it really the best option?  Commsec can be an expensive way to trade.  I think there are better commsec alternatives available.  Here are some of the platforms that I use and recommend as good alternatives for trading shares in Australia:

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Here’s My Long Term Investing Strategy for eToro

eToro Copy TradingHere is my Australian guide to investing in eToro for the long term.  On eToro you can buy shares and ETFs and hold them for the long term without paying any commissions.

eToro can be used both as a short term trading platform (to profit off the movement of trades over a day) or for long term investing (growing your wealth over time).  Day trading is complex and difficult.  It’s not for most people.  If you’re looking for long term gains on eToro, then here is a potential strategy for inspiration.  Remember this isn’t investment advice – always do your own research.

You can check out my eToro portfolio performance for 2020 here.  I’ve always put together a complete guide to eToro here.

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The Best Selfwealth Alternatives: 2021 Guide

Selfwealth AlternativesSelfwealth popularised low-fee stock trading in Australia.  But they are no longer the cheapest way to invest in shares and their platform is starting to feel a little old.  Thankfully there are some great alternatives for investing in shares.   While Selfwealth may be perfectly suited for you, if you’re investing with smaller amounts of money, there are better and cheaper options for you.

Here are of the best Selfwealth alternatives for Australian investors:

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The Best Robinhood Alternatives for Australians

Robinhood AlternativesRobinhood is a hugely popular share trading app in the U.S.  When they launched they completely shook up the online trading world by offering share trading without any fees.  Although at one point Robinhood had plans to launch in Australia, those plans have been put aside and Robinhood won’t be coming to Australia.

The good news is that there are now a couple of great Robinhood alternatives – eToro and Stake, that let you buy U.S stocks like Apple, Amazon, Tesla, Netflix etc, all without any commissions.

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Is eToro Legit?

Is eToro LegitI’ve been using eToro since 2012.  Recently I’ve been investing in US shares (like Apple and Tesla) through eToro.  So if you’ve been wondering if eToro is legit, I’ve put together this post with some details about who’s behind the company and what you need to watch out for.

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