Update 12/4/22: Offer appears to have expired
Update 12/1/22: A lot of people have successfully gotten the $240 from eToro. Some people got their $50 Rakuten while others had issues (the Rakuten part isn’t showing anymore). No one has yet to have any success getting their portal cashback from Gocashback (offer is still showing there).
Update 11/4/22: reposting as I’ve added a few notes to the post
The Offer
Direct Link to offer | Terms (pdf) (be sure to click through the shopping portal before actually signing up)
- eToro brokerage is offering a bonus of $240 when you sign up and deposit $2,000. Deposited funds remain in your Account for a minimum of 90 days following the date of deposit.
- There’s also a portal bonus of
$50/5,000 from Rakuten or$120 from Gocashback. The Rakuten bonus requires $100 in trades, the Gocashback bonus has a stated requirement of just your ‘first trade’.
The portal links directly to the bonus page so there shouldn’t be any issue stacking the two. It’s been confirmed by a reader as well. The portal bonus can interesting on its own as well. eToro is member SIPC.
The Fine Print
- Not eligible if you already have an eToro account or if you closed one in the last 30 business days
- The pdf (linked above) shows a promotion budget of $100,000
Our Verdict
Most of the prior eToro bonuses involved crypto, yet with both the deposit bonus and portal bonus can be done with cash or investments. It’s also not a bad bonus for depositing $2,000 and making a trade (some easy trade ideas here).
The fine print shows a promotion budget of $100,000. Hopefully they’ll pull the offer page before stopping to honor the promotion, but there is some risk here. The $120 bonus could be interesting to a lot of people, even without the other bonus. And the Gocashback version just has a stated requirement of a single trade.
You can find the Gocashback offer for eToro here. (This contains my referral link to Gocashback, we’ll each get $5 if you signup using my referral link. My referral code is HY7QVF which you can enter at signup as well.) You can alternatively use Rakuten for $50/5,000. Both portals should work fine in conjunction with the bonus offer. I don’t have any experience with the Gocashback portal, but it’s been around at least a few years, based on some poking around the internet. Given it’s a major bump from the Rakuten rate (at least on a strict cashback basis), some people might give them a chance over the established Rakuten.
Hat tip to reader thefirstrule
