The minimum deposit amount for all subsequent deposits is at least $50, but in case of wire transfer, it is $500.eToro supports only USD, but traders are free to make deposits in their home currency. However, eToro does not permit transfer of coins from the wallet to trading accounts at present.A: You have to visit your account settings page and just click on the account closure link to close your account. The result is a social trading experience that cannot be found anywhere else.The following features make eToro a great social trading platform for investors from South Africa:The risk of trading futures, digital and binary options, currency pairs, cryptocurrencies, spread betting, foreign exchange ("Forex") and contracts for difference (CFDs) is substantial. You can also withdraw all the funds in your account at the time of closing.eToro is an online brokering service with a difference because it incorporates innovative copy trading features with older and well-established social networking elements. The company boasts one of the world’s largest social trading and investment networks and comprises the following entities: South African traders can use it to gain easy access to the cryptocurrency market. According to research in South Africa, eTorois a well-known fintech social trading broker that was established in 2007 and is based in Israel. CFDs are complex instruments and come with a high risk of losing money due to leverage. They however waive certain ESMA protections such as the Investor Compensation Fund and recourse to the Financial Ombudsman Service.Professional clients do get negative balance protection and in the rare occasion that market conditions can cause an account’s balance to go negative, eToro may absorb the loss and balance the account.A Professional client is allowed to open positions with a leverage of up to 1:400 for certain instruments and will receive a reduction in current margin rates.There are hundreds of different financial assets to trade on Some positions on eToro involve ownership of underlying assets, such as long (BUY), non-leveraged positions on stocks and cryptos. You should consult with your own financial adviser before you make any decision. eToro operates in the UK as eToro (UK) Limited, a company regulated and authorized by the Financial Conduct Authority (FCA). This leaves you free to communicate with any trader, including the one whose trade you have copied. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. Invest responsibly! The academy offers a variety of resources such as guides, webinars, tutorials, videos and more.Here are some of the top features of the eToro Training Academy:Here are some features that make eToro stand in a class of its own:A: eToro encourages community members to interact with one another. A short tutorial video shows how to use the platform, and the basic educational videos teach the potential trader a bit more about investing and the financial markets.Traders can stay on top of relevant information that affects their investments with in-depth analysis by a senior market analyst of eToro’s.All the research papers can be downloaded for free. You also have to verify your phone number by entering a code you receive from eToro through SMS into the box provided. If you have a Google or Facebook account, you can sign up through those accounts. More than 75% of retail investors lose money when trading CFDs online. When you deposit funds in your home currency, eToro will convert it to USD and charge you a foreign currency conversion fee.A: The eToro Wallet is available to residents of South Africa. eToro also offers additional functions using These are complex instruments and come with a high risk of losing money rapidly due to leverage.