Trading with eToro means you are part of a globally-respected broker with one of the widest ranges of markets and resource bases anywhere.
Reading our eToro trusted review will put you on the right path if you have just started trading or you are an experienced trader who has decided to open an eToro account.
Here we will delve deeper on a few points related to eToro. These will be focused around the base currencies which are available, and the eToro minimum deposit which will apply depending on your funding method and account type.
Table of contents
What is the eToro Minimum Deposit?
The eToro minimum deposit is $200 for a standard account type, and $1000 for an eToro Islamic account. But it can vary depending on your country of residence and account type. While eToro offers a good range of deposit methods, the only base currency available is USD.
75% of retail CFD accounts lose money
eToro Standard Account Minimum Deposit
The eToro Standard Account if the first one of the etoro Account Types we will talk about. If you are an eToro Standard account holder, you will have noticed that the eToro minimum deposit amount requirement has changed a number of times recently. At the moment, the minimum deposit here varies depending on the country you are from though it generally stands at $200 with a few exceptions.
These exceptions are the USA ($50), Australia ($50), Algeria ($5,000) and Israel ($10,000).
However eToro has set up a tier system depending on the account size. In fact, every account with less than $5000 is considered a Bronze account, and the more you deposit (or the more you earn trading), the more benefits you will earn. This is called eToro Club and we have a full comprehensive guide on the eToro membership tiers if you’re interested in this topic.
A final note here is to mention that if you have not completed eToro account verification, the maximum you can deposit in total will be $2,250.
eToro Islamic Account Minimum Deposit
eToro also offers an Islamic account for traders who want to trade in a Sharia compliant environment.
Besides small changes, such as the lack of certain assets (exotic forex pairs), this account type is the same as a standard account, but with the lack of rollover fees.
For this account type, the minimum deposit raises to $1000.
eToro Corporate Account Minimum Deposit
With an eToro corporate account, you can trade under the name of your company. If you are holding this type of account, an eToro minimum deposit of $10,000 will apply eToro verification on corporate accounts also needs to be completed before you can trade at all.
eToro Account Base Currency
The account base currency is that which you can trade in with the broker.
With eToro, this base currency is limited to USD only.
With that said, you can deposit in 9 other currencies: EUR, GBP, AUD, RMB, THB, IDR, MYR, VND, PHP. The only point here is that the currency you deposit would then have to be converted to USD in order to trade. This conversion would incur a fee from 50 pips for AUD/USD, EUR/USD, GBP/USD (1 pip equals to 0,0001$ per every dollar)
eToro bonus amounts and deposit bonuses are unfortunately not available at this time. This is in part for EU traders at least, related to being compliant with ESMA regulations which eToro must fully be given that they are regulated by CySEC and other respected bodies.
However, if you’re interested in receiving a bonus of this kind, you may want to check our article featuring the best brokers offering no deposit bonuses.
eToro Minimum Deposit vs Other Brokers
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money
|Number of Deposit Methods||10||6||7|
|Account currencies||USD||EUR, GBP, USD||USD, EUR, AUD, ZAR, GBP and more|
* Min. deposit changes depending on the IG entity you’re trading with.
Did you know that thanks to Social Trading you don't have to be a Trader to earn like one? OPEN AN ETORO ACCOUNT AND TRY!
75% of retail CFD accounts lose money
eToro Deposit Methods and Fees
As you would expect from a major forex broker, eToro makes several funding methods available for your convenience. Let’s take a closer look at each of these and how the minimum deposit for eToro impacts each of them:
eToro wire transfer deposits are available to traders worldwide. With such transfers eToro fees are not applicable if you deposit in USD. If you deposit in another currency though, you will have to consider the conversion fee mentioned above. Your bank may also charge a fee, so you should double-check their policy in this regard.
The eToro processing time on wire deposits is 3-5 business days and in regard to the eToro minimum deposit on wire transfers, the first will be equal to that which applies to your account type. The eToro minimum deposit is $500 on wire transfers.
Credit card is one of the main payment method for most brokers.
Naturally, credit card deposits are available through eToro as well. They accept Visa, MasterCard, Diner’s Club, and Maestro so you have a lot of options. The deposit time here is also instant so you can trade with your deposit immediately.
When it comes to fees on these deposits, again there are no eToro deposit fees if your deposit is in USD. If you deposit another currency then you will have to pay the conversion fee.
Again, the first deposit minimum will correspond to that of your account type. Going forward from that, the eToro minimum card deposit will be $50. You should also note that not every card type will be accepted in every location around the world.
eToro deposits through certain eWallets are facilitated. Paypal, Neteller, and Skrill are all accepted deposit methods currently. If you would like to know more about using PayPal as a payment method, you can find out more in our detailed Paypal forex brokers top ten.
As with the other methods, if you deposit in USD you will not incur any fees. The conversion fee will come into play though if you deposit with another currency.
The first deposit, as with other eToro deposit methods, will match what is required by your account type. Subsequent deposits must be at least $50.
When it comes to processing time, both Neteller and Skrill are instant whilst Paypal can take up to 7 days to become available. Skrill also provides for rapid transfer in the majority of EU countries. EUR, USD, and GBP are all available to deposit in this way.
WebMoney, GiroPay, and Yandex may also be available depending on the country where you are located and again you should note that every deposit method may not be available in every country.
eToroX Deposit (eToro Wallet)
eToro has recently launched their own platform to facilitate crypto trading. This is known as eToroX and you can also deposit cryptocurrency into this account. This means that you can both deposit cryptocurrency that you may have, and that you can transfer crypto bought on eToro to the platform (want to learn how to trade crypto on eToro? Check out our eToro cryptocurrency guide and eToro CryptoPortfolio guide).
The eToroX platform creates separate wallets for each cryptocurrency that you are holding. You should keep in mind that there may be fees depending on where you transfer your crypto from in order to reach the eToroX platform. With that said, the crypto fees in the sector and particularly when it comes to eToro are generally very low.
If you’re interested in crypto trading, we have compiled a top 10 of the best forex brokers offering cryptocurrencies.
Other eToro Deposit Methods
There are of course other methods available when it comes to funding your eToro account. These will be localized to fit the region and specific country you are living in and the fees and the minimum deposits on eToro here may vary.
In Malaysia, Thailand, Indonesia, and Vietnam, local bank transfers are available to make your eToro deposit. These transfers are typically instant and at the moment the only limitation we know of comes in Vietnam where the maximum funding limit stands at 100m VND which is equal to around $4000.
In the United States, the ACH fund method is available and this can be processed within two business days. You can learn more regarding funding options in the Unites States by going through our eToro USA app review. Finally, China Union Pay is available for instant deposits within the country.
eToro Minimum Deposit FAQs
How much does it cost to start trading with eToro?
Just like we explain in our eToro demo account review, it is completely free to start trading through an eToro demo account. Moving to a live account you will then find a minimum deposit that is typically $200 with the exception of some circumstances like the Islamic account which is $1,000. Keep in mind you also may be charged a conversion fee if you deposit a currency that is not USD.
How do I deposit money into eToro?
You will first have to verify your eToro account. Once you have done this you can choose your deposit method as listed above, and deposit at least $200. The processing time for your deposit is usually around 5-days depending on the deposit method.
What is the minimum deposit?
The eToro minimum deposit for a standard account is $200 in almost every case. The minimum deposit may vary depending on the country of residence and the account type you have chosen.
Does eToro have fees?
There are no fees to open an account if you deposit in USD. Otherwise, you may be charged a conversion. This fee starts from 50 pips (0,005$ per 1 currency unit).
75% of retail CFD accounts lose money
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.