Is the stock exchange or crypto exchange eToro a scam?
Hello friends, welcome to my blog. Recently, I was trying to use eToro to buy Tesla stock from Bangladesh. But when I tried to deposit money, my Bangladeshi debit card wouldn’t work. That’s not too surprising — Bangladesh blocks plenty of services like eToro, Binance, and others.
So I started looking for another way to deposit. Luckily, I have a PayPal account that I set up using my uncle’s phone number and details — he lives in Canada.
I was about to deposit, but then a thought hit me: how would I withdraw the money when I needed it back? So I started Googling whether eToro is actually safe. According to their website, yes — they claim to be safe and regulated by authorities in multiple countries. I even cross-checked their ABN number on Australia’s official ABN registry, and it’s legitimate.
But when I went to social media, I found a different story. Lots of users are reporting issues withdrawing their funds, and eToro isn’t helping them. In some cases, they’re outright blocking the transfers.
Then while reading an article on eToro’s own website, I came across something strange. They state that anyone who wants to withdraw to PayPal must have originally deposited via PayPal. That detail made me feel pretty uneasy.
If you have any advice for me, drop me a message on my Facebook page. Thanks!
