EToro Money App Negative ReviewsEToro

EToro Money Negative Reviews

1.8
1.85535 star

Total 87 Negative Reviews

EToro Money App Complaints & User Negative Comments 2024

EToro Money app received 87 complaints, negative comments and reviews by users. Have you ever had a bad experience using EToro Money? Can you share your negative thoughts about etoro money?

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EToro Money for Negative User Reviews

FscamnsTakes money of your account when you deposit money, make sure you’ve deposited to the Wright account there taking my money f scams.Version: 48.0.0

Supper BuggyI was planning on using this coin for my coins on eToro but the functionality is so poor, so buggy as some one else said once that’s fixed then I’ll consider this app. At the moment this app appears to be a risky thing to use. Imagine trying to login and you just can’t tap or type..Version: 22.0.0

Unable to send BTC to external walletI tried 3 times last week to send btc to an external wallet but they all failed. Raised support ticket but didn’t get a reply until yesterday. Was told to try again at a lower amount as the fees must have been higher than they estimated and therefore there were insufficient funds for the transaction, I did this and it failed again. I’m getting increasingly frustrated with his as I cannot access my btc and the customer support response times are slow. If payments out of the wallet can only be processed if they are much lower than the balance then customers will never be able to withdraw the full balance.Version: 13.0.0

Can not send my bitcoinAny good wallet will allow you to send your BTC or Ether to another wallet but this one doesn’t. Etoro has really high fees and lots of them. Coinbase Pro is a WAY better app without fees..Version: 20.0.0

AwfulMost anti-consumer wallet ever created, they will block almost all attempts of withdrawing any of your crypto and then take weeks for customer service to get back to you. This has happened to numerous people I know and has now happened to myself it’s ridiculous..Version: 51.0.0

Same experience as others: buggy and expensiveI can’t even log in with my normal etoro credentials. It keeps asking to reset password. As everywhere else, I am autofilling with Bitwarden. There is no logical reason why etoro would refuse to fix the log in. There are nonsensical fees just to get crypto from etoro to their own etoro money. It’s an internal transfer and they keep skimming off the top from their own users. This would be like banks having the same level fee to transfer from checking to savings. And still in this day and age etoro thinks they can get away with it and squeeze their users..Version: 35.0.0

Warning this is not your walletThe whole idea of a crypto Wallet is you have access to your funds/crypto without any third party intervention, as I tried move is my crypto to another wallet EToro had The power to stop my transaction, if this was at true crypto wallet “your keys your crypto” they would not be able to do this. So it is Fake a Con even dishonest and miss advertising this wallet as a true crypto wallet..Version: 20.0.0

Rubbish AppDon’t waste your time. It isn’t any faster than a bank transfer and you don’t save anything. Just a waste of time having on phone - takes up valuable memory space..Version: 58.0.0

Won’t allow full transferI have had a terrible experience with Etoro wallet. Their app did not allow me to transfer the full amount out. So I was left with a useless amount in this wallet app, and can’t do anything with it. Terrible experience, will be looking into other ways to report this..Version: 22.0.0

EToro please address this issue and fix this person. Do the right thing !Fix This.Version: 58.0.0

Unable to withdrawYou can’t withdraw your funds. This app is trash.Version: 31.0.0

Good app butJust one issue. When will you be able to see the price as £ and not us $. As I’m in the uk and have to use a currency converter after to see what it’s worth in £.Version: 9.0.0

BasicPoor app, not much instruction. Impossible to close etoro account without first having to close the money account, which is impossible, no option on either site to close the money account!!.Version: 49.0.0

Fraud. Stay away. Can’t withdraw currencyI have been trying for weeks to withdraw my crypto from this wallet. First of all why do you have to withdraw your funds from the site to the wallet? You should be able to send your crypto to any wallet. E-toro is a massive fraud. They prevent you from ever controlling your own crypto. Anyway I cannot get my crypto off this wallet now and customer service doesn’t respond. Please stay away from e-toro COMPLETELY. Fraud, Fraud, Fraud, Fraud, Fraud. And by the way it is not my user error. I know how to drive..Version: 20.0.0

Actual scamDoesn’t have the majority of the coins they let you buy on eToro. They steal your money and you don’t even truly own your crypto. Use a different wallet..Version: 22.0.0

Fees are unreasonableI completely regret using this app, i bought £200 of BTC and sent it to another wallet to save time. I only received £160 meaning its cost me £40!!!!! This is very unacceptable and has put me off even using my etoro investments account..Version: 20.0.0

Waste of timeI don’t even want to waste my time on writing review on this application but i want to give information to people who are going to check this application to invest on money. Worst platform they don’t even have sync between their own application useless developers and money eaters. Please don’t try eToro at all...Version: 37.0.0

Stay awayWorst wallet out there! Try to send your Bitcoin it tells you the blockchain fee, you put an amount WAY under what your balance is and it says that you do not have enough.. stay away.Version: 24.0.0

Bad coders made thisCan’t even create an ETH wallet, nothing happens when I click it. Also sounds like it’s not a true crypto wallet. I like eToro platform but they clearly aren’t putting enough investment into their most recent ideas....Version: 31.0.0

Really bad appI transferred money to my e toro money account from the investment account and found myself in an endless circle of having to change my password with no way out of the cycle. It’s left me with money in the account that I’ve no way of accessing.Version: 50.0.0

Worst wallet everTrying to send BTC to Binance, this wallet would not let me send even if I leave 200 dollars available to pay for fees... how much are they charging in fees!? This is the worst wallet ever, they rip you off and you can’t do anything about it. No option to send max amount so you have to try several times until you figure out the fee, which is extremely high when you send BTC. I hate this wallet. It’s really annoying me. Never should’ve used it in the first place... now I’m gonna get my money stuck here and never going to be able to use..Version: 22.0.0

Scam!! Warning!!When you buy Crypto on Etoro, you can’t actually withdraw it. You don’t actually own any crypto unless you can withdraw it to your own personal on chain address. They keep all your money and pretend to hold the assets for you, without ever actually giving you access to them. Such scam, very sad. They have a ‘wallet’ app but it’s literally the same thing. Rubbish. They don’t give you access to your crypto, only the ability to sell it for fiat for a bad rate via a debit card. Stay far away from them.Version: 58.0.0

WARNING! STAY AWAY!If you use eToro to buy/trade crypto, they’ll force you to use this app. You pay a fee just to move assets from the eToro platform to the wallet, which is inexplicable. The wallet itself is confusing and a terrible user experience. There are so many other exchange/wallet options out there, stay away from this one! You’re welcome..Version: 27.0.0

Don’t get it!In a nutshell they don’t accept my password—I got to change it and the “submit” button doesn’t click. I go to ask for help they have no way of contacting anyone unless you log in…the very thing I am trying again.Version: 31.0.0

Complete rubbish. Your coins go in and never go outTitle says it all. Not only is etoro horrible for fees (spreads) and lack of staking, etc. Complete rubbish. Your coins go in and never go out. And they make no effort to fix it. Hopefully the SEC gets wind of this and does something about it..Version: 44.0.0

Sign in screen doesn’t workI’m closing my account. Can’t even login to the money app. The sign in screen doesn’t work. iPhone 12 Pro Max. Definitely doesn’t feel like a safe place to keep investment assets if they can’t even get this right..Version: 26.0.0

Please Keep user logged inAlways have to login again after app is relaunched.Version: 19.0.0

UselessThe wallet of eToro is completely useless, even in combination with their trading platform, which is quite a mess as well in comparison to the competitors. Make it easy on yourself, and go with Crypto, Coinbase and Coinbase Pro, Kraken Pro and CoinEx instead. Until they don’t rework their whole platform to be more customer friendly and until their functions are properly integrated, I won’t use them any longer. Not even a proper support line is available either, and their help section is also useless. Useless indeed!.Version: 20.0.0

Crashes JUST IN TIME for CashoutTry using your “wallet” when there’s actual money in it. See what happens. Nothing happens. The app mysteriously stops working, with no error codes. Just dead. Cannot contact anyone. Cannot do anything. This is a joke..Version: 29.0.0

This needs help... and a lot of it.How am I supposed to get my crypto to a hard wallet if I can’t get it off this wallet. I would love to contact someone here for help. Trying hundreds of tiny transfers doesn’t seem right at all. I have things locked on here I’m unable to get off. This needs help..Version: 17.0.0

Worst Wallet App EverThis platform needs a lot of development. If you buy crypto using this platform “BEWARE!” that you will not be able to put all your coins in a wallet. Their are better wallets out there. I had high hopes for this platform because it do have some great use cases. But what is the use of you can’t put all your investments in a wallet and stake them. It’s so much money that you will be missing out on if you use this platform and wallet..Version: 29.0.0

Stay AwayOrdered ADA only to find out that it isn’t supported on the wallet app. So I can’t transfer any of these funds to my cold wallet. Any idea on when this will be possible? This is very frustrating..Version: 21.0.0

DO NOT USEThis app is pointless. I changed etoro accounts and transferred assets to my new accounts wallet but once it’s there (after weeks) there is nothing you can do to sell it? It’s just stuck there now..Version: 33.0.0

Does not workVery disappointed with this wallet. I wanted to transfer my Bitcoin from the eToro platform to a hardware wallet for safe-keeping and it is impossible to do so. First of all it took me several days to transfer the coins from the trading platform to the wallet. Then, every single transfer from my eToro Wallet to ANY other wallet failed. I suppose it is a great way to HODL since once your coins are here, they aren’t going anywhere - however it is absolutely useless for anything else.Version: 22.0.0

Terrible appEToro and eToro wallet is a ripoff and a scam. Coins and unable to be sent to external wallets. Errors every single time when converting or trying to transfer. It feels like my money is held ransom on their wallet. Steer clear from eToro platform and wallet!.Version: 22.0.0

SCAM COMPANY SCAM APPMy money is stuck in withdrawal, looks like they love to scam customers and even close accounts for some users causing them to lose their money. NO NOT INSTALL. You have been warned..Version: 58.0.0

Don’t use the app!I decided to try the app, sent £1000 to the wallet, and it's been three days, but I still haven't received the money. I am currently missing out on the opportunity to profit from a growing stock..Version: 60.0.0

Very poor appOnce you deposit any crypto you can’t actually get it back out- you can’t get exchange it back to money. All you can do is move it to another wallet which will cost you and could cost you a lot depending on what you are doing..Version: 22.0.0

UI Bugs GaloreLots of tap focus shift UI bugs make this version of the app nearly unusable. Try to copy and paste your password from a secure password vault. I dare you..Version: 26.0.0

Fine for transfers butOnly allows you to transfer a few kinds of the currencies you can buy on the site. Kind of misleading imo.Version: 21.0.0

A scamI can’t send any of my coins to another wallet. It always comes up with the send failed message. So all my money is stuck. You can’t even access from a website. Why are they not addressing this?.Version: 22.0.0

Avoid!!Was blocked because my paypal was different email with registered email. Why blocked me after taking my funds? Charge $25 if withdraw fund!! Ridiculous. Still waiting for verified when taking my money!.Version: 9.0.0

It’s a trapDo not use. No idea why they’ve released this app to the general public…if you transfer money to it from your eToro app. You get locked out; “invalid password”. On a request to renew the password, I keep getting an email that opens up the eToro trading app, and from there there’s no way to get back to the Money app even if you reset your eToro password…iPhone, iOS 15.1.Version: 36.0.0

Glitchy Rip OffThis app crashes when you look at it. Not only is it terrible to use it’s a absolutely rip off to trade on. This wallet took close to 30% of my trade when converting from ETH to BTC. I would avoid it if I didn’t already have money tied up in the wallet. There are much better wallets out there..Version: 22.0.0

TerribleThis really is a bad app. I tried to transfer LTC from the trading platform to the wallet. The coins have yet to appear in the wallet and it’s been 10 days now. I contacted Support and got an auto-reply saying it will take up to 7 days for them to reply. As far as I can tell, the wallet doesn’t support ADA or TRX. I guess this relates to the staking rewards eToro offers on these coins, but I don’t see why that should make a difference. I don’t mind not having the keys. I think wider adoption of cryptocurrency will see less people wanting this. Keep it simple. I would like to use Touch ID on my iPhone rather than entering my password every time I open it. As a UK user, I find it hard to purchase crypto because banks will often block transactions. The eToro wallet is a potential way around this (because eToro sell other assets as well as crypto, purchases aren’t blocked by the banks) as I could use the wallet to move coins to other platforms without going through a bank. But I need to know my coins aren’t going to disappear when I try to transfer them So far I just don’t have the confidence in this app..Version: 20.0.0

Don’t waste your timeGood luck being able to transfer your crypto. Terrible platform. The wallet and main app. Completely counterintuitive to the ways crypto are supposed to operate. Been waiting over a week to transfer my ether to my main wallet to convert it without the tax penalty of cashing out, and to avoid the dip that’s currently happening. However, because they lock up your funds for so long, I’m now out a few hundred dollars that I would have been able to save otherwise. Their selection is terrible, their service is worse. Use literally any other platform.Version: 22.0.0

ProblemI can not access my account on the application but I was able to access the browser my user name tahhan007 What is the problem I hope to solve I live in the Palestinian territories.Version: 13.0.0

TerribleRidiculous. Apparently you are only allowed to control *certain* assets. Only certain coins are allowed into the wallet. For example, and unless I’m totally missing something here, I cannot send my DOGE to the wallet. Therefore, if I want to remove all of my DOGE from eToro I have to sell it all. I feel like they have taken MY assets hostage. We should be allowed to send any coin to any wallet we want. Should be illegal. Total fraud..Version: 37.0.0

This is not okayCannot access anything through this app. Redirects to website. Cant buy actual crypto without full account..Version: 35.0.0

Wow. An app you can’t even login too.Impressively bad. Cannot enter a password in password field because it cannot be selected to paste into bit type into. Awful and uninstalled.Version: 29.0.0

Doesn’t WorkNot only is it slow and clunky, you can’t paste a password in from a password manage as you can’t paste. I can’t even type in my password.Version: 29.0.0

I can’t login to my eToro money accountWhy can’t I login to my eToro Money account, it keeps displaying this, “The Wallet is currently in a limited release mode. It will be available to the public soon.” Looks so frustrating.Version: 48.0.0

Not your wallet not your coinsKeep that in mind. If you can’t transfer it probably because u don’t own it and it probably can be confiscated. Take care of investment and do yourself a favour, do not use eToro!.Version: 45.0.0

There’s no Cash Management section as advertised.I don’t use crypto at all, I don’t know the first thing about it. However I do trade often and keep cash on my Etoro account. I despise the 5-7 day wait time for withdrawing, and it seemed as if this app would solve that. But alas, unlike the pictures shown above, there is no “Cash” section on my app. Just “Crypto” and “Trades”. I don’t know what to do with that, all I care about is withdrawing cash quickly and there seems to be no way to do that with the current app update..Version: 31.0.0

Terrible appI can’t convert any crypto assets to GBPX. I just says something went wrong try again. No support on the app either I think users need to look on eToros main app and site for help with this..Version: 30.0.0

WarningJust a warning to all of you new Etoro users out there. Etoro does not provide wallet access to most of the crypto currencies on their platform. This means you do not have control over your crypto and cannot send your crypto to an offline wallet and you can not remove your crypto for staking purposes..Version: 20.0.0

Manegable but utterly unnecessaryLet me first say this: All I wanted to do is withdraw some eToro funds via crypto to my external wallet and I was able to acomplish this within a couple of hours. But there's no reason for this app to exist, you shouls just be able to send whatever crypto you have in eToro to any wallet at any time. Also, the quality of this app doesn't help at all. Spacings are inconsistent, animations are too linear and it doesn't even remember your login so you have enter your credentials and 2FA everytime you open it..Version: 64.0.0

Cannot transfer most of my crypto outHow hard is this?!? They only allow you to transfer 5 or 6 cryptocurrencies out of EToro. You basically don’t own the rest so do not use EToro unless you’re only looking for btc, eth, ltc and a couple others. Not exactly thought through... what are the product manager and their teams exactly doing over there? Will move to trading from Gemini and Coinbase after I’m forced to sell my crypto since I can’t move it off of their platform..Version: 20.0.0

Can’t paste the passwordI have a really difficult password so I have to paste it for the login... I can’t paste the password in the right field... I don’t know anymore about this app yet....Version: 20.0.0

Wow just wowThis app has been a total failure to the point where a joke doesn’t accurately describe it. I had to send funds from the trading app to the wallet where I couldn’t send them or do anything with them for months. I contact customer service who keep saying I must be doing it wrong and need to lower the send amount to account for fees which I did upwards of 20-30 times. Upon providing them pics and whatever they needed they kept insisting I wasn’t doing it right. When I finally was able to get it to go through and got a receipt it showed that I sent it to not one but two contact addresses that were not the one I specified. Then I was told well that’s not our fault. EToro stole my funds and blatantly disregarded my issue. I recommend that no one use this company for any reason. Unless you want to just give them your money. Because they will take it anyways if you use their exchange..Version: 36.0.0

Waste of time to downloadDownloaded this app to use, created an account and attempted to sign in only to be informed the app is in pre-release status and unable to access. Do yourself a favor and don’t both downloading..Version: 9.0.0

Do not use this app.Do not use this app. When purchasing crypto they will take the payment and claim your payment was declined but still take the money from your bank. Do not use!!!!.Version: 27.0.0

CryptoVery bad service not recommended.Version: 22.0.0

Ooops something went wrongI downloaded this just now. Ooops something went wrong... i cant even launch the app..Version: 22.0.0

PoorCan only transfer a few coins about a 3rd that they offer and they also require a min withdrawal of 30 I put 25 in multiple and can not get it out now and now I can’t transfer to another platform because they only transfer like 5 coins starting to like eToro less and less P.s there are fees called a spread I think it’s different for every coin just ad a few cent to price listed.Version: 22.0.0

Wrong company/ Fraud warningEToro has a habit of finding excuses to lock me out of my account, restrict transfers, and not have a service to support undoing their issues. This is the wrong company to use for crypto. I recommend you get a real wallet that holds the actual coin, an account at a reputable company like coinbase, or find another path forward. EToro is only headaches..Version: 36.0.0

BankishI deposited bitcoin but there was no way to withdraw the full amount. So there may be a fraction of my bitcoin stuck on the wallet forever. I would only recommend eToro wallet to my worst enemy..Version: 20.0.0

I can’t believe I can’t get in touch with customer serviceI have been signing in over and over and the wallet won’t sign me into CS! What do I need to do to get in touch with customer service?!?.Version: 22.0.0

YikesWhat a complete piece of trash. I don’t think it even does anything. Can’t seem to do much other than see my balance from eToro. It’s the crappiest wallet app ever made or eToro is desperately trying to keep your crypto on eToro. My guess is a lot of both..Version: 27.0.0

HORRIBLEThe most horrible crypto app on the market, it's very complicated to use it if you want to get in the world of crypto just use Binance or OKx, these are one of the best apps with very low fees to use about crypto. I DO NOT RECOMMEND THIS APPLICATION AT ALL..Version: 39.0.0

Poor appWould like to option to split cash account into various pots. Platinum + member on etoro and would like to get to the point I use my etoro money account day to day but way to basic at the moment. Therefore will be sticking with Revolut.Version: 65.0.0

The login screen is broken!There are some serious user interface issues with the login screen. The cursor, for example, is very hard to manipulate between the text fields. I can’t even paste my password into the password box..Version: 22.0.0

Very very awful thievesI can’t withdraw my money I keep trying but they don’t allow me it doesn’t give me any error warnings or anything just won’t let me have my money..Version: 43.0.0

Scammers stole me money and blocked me out of my accountGive me money back !.Version: 63.0.0

No ability to move or convert cryptoI have been attempting to either withdraw my ethereum or convert it to btc and I always receive an error message. It was fine when I deposited my crypto, but no way to get it out. Stay Away!.Version: 26.0.0

Password doesn't workDownloaded the app (iPhone ios 15.1) and it says login using etoro credentials. These are saved in my phone for the etoro trading app. Password doesn't work so can't login. Usual app works fine. This is literally step #1 devs, seriously?.Version: 37.0.0

NOT INSTANTThis company advertises their wallet as a way of accessing “instant withdrawals” from your trading account. This is not true and is a very inaccurate and misleading way of advertising services in the financial industry. While SOME customers might enjoy an instant withdrawal, this does not apply to ALL CUSTOMERS, for which reason the claims this company is making are inaccurate. I highlighted it several times but it is time that the relevant FCA looks into this. Small print: it may take up to 10 business days..Version: 63.0.0

Doesn’t sync with eToro platformIf you read all the reviews, you’ll notice that they pretty much just cut and past a generic response to everyone. I have an eToro account that I buy and sell BTC from. I downloaded this wallet and used my eToro sign in which worked fine. Except that the wallet does not sync with the platform so I get a note saying I have no BTC to trade. It is pretty worthless right now since all it is is a generic wallet. There are way better, multi currency wallets available to iOS. The only point in having this wallet would be to sync with your eToro account, which this doesn’t do. Cue generic response below now:.Version: 11.0.0

Unbelievable idiot garbage.Has NOTHING to do with your Etoro account. Impossible to transfer funds from Etoro (which is also trash). Literally ZERO customer support. I have $30 dollars that I simply cannot do anything with. Been using crypto for years, and this is the dumbest "service" I've ever encountered..Version: 63.0.0

Does not work holds your coins in limboThis wallet grabs your coins from eToro then it won’t let you transfer your coins to another wallet. It won’t except the new wallet address and the camera option doesn’t work so you can’t even take a photo of the QR code. Now I have coins trapped in this wallet. Which I can’t transfer anywhere. So I am loosing trading opportunities and money. If you join eToro don’t expect to move your coins..Version: 51.0.0

Worst app everI’ve sent 50$ worth of bitcoin to this wallet just for test. I cant convert it to other crpytos (always getting error converting) and cant send to other wallet (error). Dont use this app. I’ve basically lost 50$ because of this scam. Beware!.Version: 28.0.0

My crypto is not actually mineI have crypto that i want to use that i have been trading. The crypto I OWN is locked and can not be used. I understand with partial shares but not with crypto. I'm regretting using the service because of the skimming before after and during trading stock. Zero on trades is not zero. Dollar conversions, differing buy and sell on the market, 1% on each crypto trade: this is crazy and the conditions changed after i put my money in..Version: 41.0.0

Don’t downloadThis app is a joke. You are unable to buy any crypto to put into your account. The closest you can get is attempting to verify you account via an arbitrary web browser version of the regular app. Even at that you are still unable to verify your account. Waste of time..Version: 22.0.0

Can not transfer coins outFirst attempt to transfer coins out failed, tried again and failed, for the high fees charged by EToro you would expect the service to at least work, now I will be forced to wait around 7-10 days for support team to respond..Version: 21.0.0

Where’s my €900 gone ?Customer service is utterly useless ! Apparently there are 3 Etoro accounts ! As told to me by said crap customer service idiot ! 1/ Normal trading Etoro account ! 2/ Crytocurency money wallet ! 3/ Etoro Money wallet ! 2 apps - not 3 ! But l can only find 2 ! I went into my Etoro money wallet and wanted to withdraw $900, but it mysteriously vanished ???, did l take a screen shot - ffs - really, you don’t believe your platinum plus customer ??? Invested many tens of thousands of dollars trading on your normal trading account and you wanna ask me if l took a effing screen shot ! Go back look into this over the past month and l guarantee you’ll find my missing $900 ! Until then l will no longer use Etoro to trade ! Avoid !.Version: 64.0.0

Xrp walletThe xrp wallet will not allow many people to use it it states that you have to make a transfer from the etoro platform there is no option saying on the etoro platform about transferring to wallet?.Version: 13.0.0

Not even Alpha stage - it’s horribleI installed this app on my iPhone hoping to put some of my coins in cold storage on my Ledger Nano X. First I went through a head banging experience of not being able to use the Paste function in the login screen to paste my 20 chat password (Seriously, eToro, this is such basic UI/UX stuff!) and was forced to enter it manually. Next I went through a buggy process of setting up a new wallet for BTC and one for ETH, both of which didn’t appear for a full 3 minutes after I clicked the Add button, with zero indication of what was going on. Finally I followed the instructions they provided that stated that once I installed and logged into the eToro Wallet, I would then see a “Transfer to Wallet” link enabled in the eToro app in the page for each supported crypto I had open trades on. GUESS WHAT? No such link is visible anywhere in the eToro app. I even restarted both apps and still no dice. EToro - HOW AM I SUPPOSED TO GET MY COINS?? I work in IT and can easily say that whatever QA team eToro has us clearly not doing their job. STAY AWAY FROM THIS PLATFORM!.Version: 20.0.0


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