If you are here, it is because you want to open an account with eToro and want to know what eToro's minimum deposit is.
Key Takeaways:
- Minimum Deposit: $50;
- eToro accepts deposits in USD, GBP, EUR and AUD. If you deposit in a different currency, you will be charged a Starts from 0.50% fee for currency conversion;
- Charges $0 for deposits;
- Charges $5 for withdrawals;
- Regulated by FCA, CySEC and ASIC.
Whether you are a new trader looking to open your first account or an experienced trader looking to switch brokers, this article will provide you with the information you need to make an informed decision.
What is eToro's minimum deposit?
eToro's minimum deposit is $50. You can deposit via Credit/Debit Cards, PayPal, Neteller, Skrill, Rapid Transfer, iDEAL, Klarna / Sofort Banking, Bank Transfer, Online Banking – Trustly (EU region), POLi, Przelewy 24, Payoneer, and eToro charges $0 for the deposits.
Each deposit method may display different minimum amounts, fees (if applicable), and different processing times for the money to arrive at your account. For more information, you can visit eToro's website.
Are there deposit fees at eToro?
No, eToro does not charge deposit fees. It's a plus that the broker doesn’t deduct any fees from your deposits. The only costs you need to consider are those charged by the bank or other third-party financial services you use to send money.
What about currency conversion costs?
eToro's supported/base currencies are USD, GBP, EUR and AUD. Please note: a deposit made with a different local currency could be charged a currency conversion fee of Starts from 0.50%.
To prevent this, you can try to deposit in one of the supported currencies using low-cost currency conversion services such as Revolut or Wise.
What are the deposit methods available at eToro?
The deposit methods available at eToro include: Credit/Debit Cards, PayPal, Neteller, Skrill, Rapid Transfer, iDEAL, Klarna / Sofort Banking, Bank Transfer, Online Banking – Trustly (EU region), POLi, Przelewy 24, Payoneer.
Does eToro charge withdrawal fees?
No, eToro does not charge withdrawal fees. This means you can easily access your funds without incurring additional costs.
Is eToro safe?
eToro is regulated by FCA, CySEC and ASIC. This is excellent news because regulated brokers must follow strict rules and regulations to ensure that they operate fairly and transparently.
In the event of a dispute, regulated brokers must have processes for resolving disputes with clients. Regulated brokers are also subject to higher standards of conduct and must follow best practices in the industry.
Lastly, firms like eToro must be part of the Investor Compensation Scheme (ICS) which protects clients in case an investment firm goes out of business.
Brokers with Signup Bonuses?
| Broker | Bonus Promotion | Link | Terms and Conditions | Available Countries |
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1 share up to £100 | Link | Details | Europe |
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Up to $1,000 of free IBKR stock | Link | Details | Worldwide (exceptions apply) |
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1 share up to €200 | Link | Details | Netherlands, Ireland, Spain, Germany, Austria, France, Belgium |
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One share worth up to $150 | Link | Details | UK, Brazil, New Zealand, Australia. |
Conclusion
To sum it up, eToro's minimum deposit is $50.
We covered eToro's deposit costs and other information so that you can make an informed decision about opening a trading account on eToro. Want to know more about eToro? Feel free to explore eToro’s website and eToro review. You can also check out our broker reviews and comparisons, and let us know your thoughts in the comments below!
Pedro is passionate about finance, marketing, and technology. He is a growth manager at several online projects and a former digital marketer for a fintech company.
