Good morning, there’s currently a really good promotion on eToro. We’re used to referral bonuses of €10-20, so these amounts are extremely tempting.
What does the promotion consist of? Normally eToro gives rewards depending on your level, but right now you can upgrade to Platinum level for €5 per month. At the Platinum level, each referral gives $200, so with just one referral you’d already make a huge profit (and watch out, it has a maximum of $10,000).
First of all, here’s my link, which already gives you access to the referral program and on top of that they’ll give you a stock or part of one as a gift. In Spain for example, the highest-value stock to pick is usually Inditex (I think if you deposit the minimum amount you get the proportional part, which is €30). If you deposit more money you can get a better reward, but since the main goal is the referral program, I recommend depositing the minimum (€105).
Once registered through the link (VERY IMPORTANT: FOLLOW ALL STEPS FROM THE LINK, BOTH WHEN EXPLAINING IT TO THE PEOPLE YOU REFER AND WHEN DOING IT YOURSELF, BECAUSE OTHERWISE YOU MIGHT LOSE ELIGIBILITY FOR THE FRIENDS PROGRAM).
The next step is to deposit €105. Why €105? Very simple: €100 for the first trade and to activate the friends program (and the free stock), and €5 to activate the Premium plan and upgrade to Platinum level, allowing you to get $200 per referral (note: without the Premium plan it’s $50, which isn’t bad either).
To receive the rewards (both in our account and the steps your friend must follow), you need to open a trade of $100, or several trades totaling that amount. Here you have to take into account the trading commissions (which can be up to €1), so it’s better to activate the Premium plan first and look for assets with low commissions.
This is not investment advice, but for that first trade it’s interesting to look for operations with very little risk, since the money will come from the referrals. That said, considering the initial €30 you can get, we start with a +30%.
How long do I need to keep the trade open? 1 month, which isn’t much considering that with just one referral we triple our money.
Finally, after activating the Premium plan, having registered via the link, and having opened our first trade, we’ll be able to invite people to get that $200 bonus (per person, up to $10,000).
As you can see, while it has more steps than a regular referral, compared to Trade Republic (which I did yesterday and they asked me to open €100 in trades to get €10 lol) there’s no comparison.
Remember to use the link (and insist that it be from there, it’s happened to me with some friends who didn’t use it and then talking to support takes forever).
It won’t let me paste the PDF of the terms and conditions so that those who want can see everything (which I’ve already explained) officially, but if you message me I can send it !