CashNews.co
Online broker eToro has announced a new partnership with DLT Finance to bring crypto trading services directly to its clients in Germany.
This collaboration means that in the coming weeks, Germany-based eToro clients will gain access to DLT Finance’s crypto trading services while continuing to enjoy the same eToro experience.
Starting soon, eToro’s German clients can trade cryptoassets with DLT Finance as their counterparty on the eToro platform. Their cryptoassets will remain securely held in custody with Tangany GmbH, which is supervised by BaFin.
Traders will receive a notification in their eToro app to review and accept the updated Terms & Conditions and Privacy Policies. A video identification process may be required for verification purposes.
Limit order, stop loss, and take profit limits will NOT be available for cryptoasset trading with DLT Finance. Existing ‘Limit order’, ‘Stop loss’ or ‘take profit’ limits will cease to apply to open crypto positions. Any limit order, stop loss or take profit limits on open crypto CFD positions will continue to apply.
Once the partnership is live, the 1% charge currently applied on the purchase and sale of cryptoassets will be charged by DLT Finance. There may be changes to fees in the future.
Cryptoassets will be bought through eToro’s partner DLT Finance. eToro will no longer offer non-leveraged crypto CFDs.
There will be several changes to CopyTrading services. These will include: If you start copying another investor with cryptoassets in their portfolio, these cryptoasset positions will be copied as CFDs. If you hold cryptoassets, you cannot be copied. If you are currently copied, you cannot open new cryptoasset trades with DLT, so your new crypto positions will be CFDs.