eToro deposit: minimum, payment methods and fees (2024)
Below content does not apply to US users
The online brokerage firm eToro requires a capital deposit from the trader owning the brokerage account to activate the CFD and Retail foreign exchange (Forex) trading platform.
The minimum amount required with eToro is $200, which can be deposited via various methods, including wire transfer, debit card, credit card and eWallet. It should be noted that the minimum deposit with eToro may vary depending on the type of trading account chosen, and the country of residence of the trader.
eToro generally does not charge commissions on deposits, but conversion fees may apply if depositing in a currency different from the account base currency.
What is the eToro minimum deposit?
The eToro minimum deposit is $200, which can be deposited via various methods, including wire transfer, debit card, credit card and eWallet.
It should be noted that the minimum deposit with eToro may vary depending on the type of trading account chosen, and the country of residence of the trader.
eToro generally does not charge commissions on deposits, but conversion fees may apply if depositing in a currency different from the account base currency.
ETORO DEPOSIT FEATURES | CHARACTERISTICS |
---|---|
eToro Standard Account | $200 minimum deposit |
eToro Swap-Free Account | $1,000 minimum deposit |
eToro Corporate Account | $10,000 minimum deposit |
Deposit Fees | None |
Conversion fees | Yes |
Withdrawal Fees | $5 |
Base Currencies | USD |
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76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
eToro Minimum Deposit per Country
Country | Minimum Deposit |
---|---|
Australia, Austria, Cyprus, Denmark, Estonia, Finland, Greece, Guernsey, Hungary, Indonesia, Ireland, Latvia, Liechtenstein, Malaysia, Malta, Netherlands, Norway, Portugal, Singapore, Sweden, Switzerland, Taiwan, Thailand, Vatican City | $50 |
Belgium, Czech Republic, France (including French Guiana, Guadeloupe, Martinique, Mayotte), Germany, Italy, Luxembourg, Monaco, Poland, Romania, Slovakia, Slovenia, Spain, United Arab Emirates, United Kingdom, United States | $100 |
All other eligible countries | $200 |
French Polynesia, Isle Of Man, Jersey Island, Kuwait, New Zealand, the Philippines, Reunion Island | $1.000 |
Bulgaria, Cayman Islands, Croatia, Gibraltar, South Africa, Vietnam | $2.000 |
Israel | $10.000 |
If you want to go deeper on the account types eToro offers, do not worry: read here our eToro account types.
What is the eToro Money wallet minimum deposit?
The eToro money wallet has no minimum deposit, but can be obtained automatically once the trader opens a real account on eToro.
To login, you need to download the app and use the same login information as your eToro account.
Here you can both transfer cryptocurrencies that you may have bought on the eToro platform, and receive them from other crypto wallets.
If you’re interested in crypto trading, we have compiled a top 10 of the best forex brokers offering cryptocurrencies.
What are the eToro account base currencies?
The only eToro account base currency available is the USD.
This means that every deposit in a currency different from the USD, will be charged a currency conversion fee.
What are the eToro funding and deposit methods?
The eToro deposit methods features and fees are listed below.
- Wire Transfers: eToro wire transfer deposits are available to traders worldwide. eToro does not apply fees if you deposit in USD. If you deposit in another currency though, you will have to consider conversion fees. The eToro processing time on wire deposits is 3-5 business days and minimum deposit on wire transfers is $500.
- Credit/Debit Cards: eToro accepts Visa, MasterCard, Diner’s Club, and Maestro. The deposit processing time here is instant there are no eToro deposit fees if your deposit is in USD. The eToro minimum deposit here is $50.
- eWallets: eToro deposits through certain eWallets are facilitated. Paypal, Neteller, and Skrill are all accepted deposit methods currently. If you would like to know more about using PayPal as a payment method, you can find out more in our detailed Paypal forex brokers top ten. As with the other methods, if you deposit in USD you will not incur any fees. The conversion fee will come into play though if you deposit with another currency. When it comes to processing time, both Neteller and Skrill are instant whilst Paypal can take up to 7 days to become available. Skrill also provides for rapid transfer in the majority of EU countries. EUR, USD, and GBP are all available to deposit in this way.
- Other methods: WebMoney, GiroPay, and Yandex may also be available depending on the country where you are located. In the United States, the ACH fund method is available and this can be processed within two business days. You can learn more regarding funding options in the Unites States by going through our eToro USA app review. Finally, China Union Pay is available for instant deposits within the country.
eToro accepts deposits in many different currencies as EUR. GBP, AUD, RMB, THB, IDR, MYR, VND and PHP.
The only point here is that the currency you deposit in, would then have to be converted to USD in order to trade. This conversion would incur a fee from 50 pips for AUD/USD, EUR/USD, GBP/USD (1 pip equals to 0,0001$ per every dollar).
What are the steps to fund your eToro account?
Funding your account via eToro is not a difficult trial. Here’s the steps you should follow.
- Create a eToro account:
First, visit eToro’s website. If you’re a beginner, you can choose a risk-free way to start: the demo account. eToro provides an unlimited demo account. Otherwise, if you aren’t a beginner, you can open a live account with eToro.
- Verify the eToro account:
Once you’ve chosen the eToro live, you need to provide documents to prove your identity (passport or ID) and residence (bill utility or bank statement). In this way the broker will verify your account and after that, you will be able to start trading.
- Fund your eToro account:
Once your account has been verified by eToro, you can now deposit into your account, keeping in mind the minimum deposits limit pointed out above and the deposit methods available. Also remember that, while other currencies can be used to open the account, the only account base currency provided by eToro is USD.
- Wait for the eToro approval:
Finally, wait for the broker to accept and process your payment. Typically, the first deposit takes more time to be processed compared to the following. You’re now ready to use your eToro account and trade via the eToro platform.
How does the eToro minimum deposit compare with other major brokers?
The comparison between eToro’s minimum deposit and those of other brokers can be found in this table below:
Ho spostato questo H3 qui sotto perché mi sembrava più appropriato. Prima stava sotto ai metodi di deposito.
Feature | ETORO | IG MARKETS | PLUS500 |
---|---|---|---|
Minimum Deposit | $50 | $250* | $100 |
Wire Transfer | Yes | Yes | Yes |
Credit Card | Yes | Yes | Yes |
PayPal | Yes | No | No |
Number of Deposit Methods | 10 | 6 | 7 |
Account currencies | USD | USD, EUR, GBP | USD, EUR, AUD, ZAR, GBP and more |
* Min. deposit changes depending on the IG entity you’re trading with.
Warning
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.
Does eToro offer deposit bonuses?
eToro doesn’t offer deposit bonuses.
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 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. 76% 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. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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.
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