eToro Minimum Deposit: Key Information and Guide (2023)

The eToro minimum deposit is $200 in most cases. Depending on the country of residence and the account type, the eToro minimum deposit ranges from $10 up to $10.000.

This will be focused around the eToro base currencies which are available, the eToro minimum deposit and eToro funding methods.

Round-Up

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79% 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

If you want to go deeper on the account types eToro offers, do not worry: read here our eToro account types.

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 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:

Wire Transfer

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/Debit Card

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.

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.

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.

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 (want to learn how to trade crypto on eToro? Check out our eToro cryptocurrency guide and eToro CryptoPortfolio guide).

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 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.

How to fund your eToro account: steps by steps

Funding your account via eToro is not a difficult trial. Here’s the steps you should follow.

1. 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.
2. Otherwise, if you aren’t a beginner, you can open a live account with eToro.
3. 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.
4. 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.
5. 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.

eToro Minimum Deposit vs Other Brokers

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

* Min. deposit changes depending on the IG entity you’re trading with.

Deposit Bonus

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 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. 79% 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 is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

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.