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eToro in Switzerland – All You need to know!

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Fact checked by
Pedro Braz
May 20, 2024

eToro, the leading social trading platform, is available in Switzerland! This online platform enables more than 30 million people to trade almost anything from commodities, currencies, stocks, and indexes to cryptocurrencies.

It offers commission-free stock trading (including stocks from the SIX Swiss Exchange – Julius Baer, Credit Suisse, Nestlé, and much more!), a slick and easy-to-use platform, and you can even follow and copy other investors!

On the downside, the platform only operates in USD, meaning you will be charged currency conversion fees upon deposit and withdrawal (unless you deposit in USD). To invest in real stocks, you must make sure that you buy the underlying asset, otherwise you will be investing in CFDs and not real stocks. (Check out our article about the differences between CFDs and real stocks.)

Want to know more? We have got you covered! Keep reading.

eToro Switzerland highlights

👨‍⚖️ Legal in Switzerland Yes
💰 Stocks fees Free of charge
💰 Cryptos and CFDs fees Low
💰 Inativicty fee $10 after 1 year of inactivity
💰 Withdrawal fee $5
💵 Minimum Deposit $50
📍 Products offered Stocks, Cryptos and CFDs
🎮 Demo Account Yes
📜 Regulatory entities (based countries) FCA, CySEC, ASIC

How safe is eToro?

Most of the time, this is the first question that comes to everyone’s mind and we entirely get that! As investors ourselves, this was our first concern as well!

eToro presents three layers of safety:

  • Your securities are held in a segregated account: eToro is an intermediary in the financial system. Each time you buy a non-leveraged position in a stock, you acquire a financial asset that belongs to you and it is deposited in a custodian bank. In other words, if something went wrong with eToro, you would be allowed to transfer your securities to another broker.
  • Investor Protection (Regulatory obligation): As a Swiss investor, you open an account through the subsidiary “eToro (Europe) Ltd”, which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). As a result, it must maintain membership of the Cyprus Investor Compensation Fund (ICF), giving an investment protection coverage of up to €20,000 per client per account.
  • Private insurance: eToro has partnered with Lloyd’s of London to provide free insurance up to 1 million Euros. Every eToro investor is automatically granted this insurance as soon as they open an account.

If you need more details on security, check out our analysis of the safety of eToro.

What financial instruments/features will I find?

You can trade a wide variety of financial products:

  • Stocks: You will be able to trade stocks from 17 different stock exchanges, including Zurich, Amsterdam, Frankfurt, London, Madrid, Milan, New York and Nasdaq.
  • Commodities: You can easily invest in several commodities that can be traded, bought, or sold.
  • Forex: You can gain exposure to the foreign exchange market through many currency pairings (more than 40 currency pairs).
  • CFDs: eToro allows you to leverage your returns in all the asset classes previously mentioned through CFDs. Be aware that if you do this, the likelihood of significant losses does increase.

Besides, you can enjoy the Copy Trading feature to simply copy other investors thereby delegating your investment to someone you believe will deliver superior returns. Amazingly enough, you can copy the portfolios of up to 100 investors at the same time.

eToro's Copy People feature

eToro’s fees

As with any other business, eToro needs to make money. Its primary source of revenue comes from the spreads – the difference between ask and bid prices – as you can see:

How eToro makes money

As eToro offers commission-free real stock trading, you will be able to save significant amounts of money on these.

When trading cryptos or CFDs, you’ll be charged a spread every time you buy and sell. Spreads can be high for some products, so make sure you take a look at eToro’s fees page to make sure you know how much you’re paying.

Additionally, there are financing rates (interest income, for leveraged positions only) and conversion fees. Regarding non-trading fees, eToro charges a fee for inactivity ($10 per month if not logged in for 12 months) and another one when you withdraw funds from your account ($5).

How to open an account?

To open an account, you need to go to eToro’s website, click on “Join now”, and provide the required information, as shown in the following image:

Account opening and legal entity

In the first check box (underlined in red), confirm in which subsidiary you are registering.

After this step, you need to verify your identity and address. Your proof of identity could be your ID or your passport. Meanwhile, your proof of residency could be your driving licence, a copy of a bank statement or a utility bill.

We suggest you submit all the remaining documents as soon as you open an account to prevent delays when withdrawing your money! We have witnessed no issues in taking money out of the platform, but it may take a more extended period if your account is not fully updated or verified.

Once everything is correctly set up, you’ll be able to deposit money to start trading with your real account on the eToro platform:

eToro's dashboard

It is effortless to navigate through all the sidebars and the search function on the top. We are confident that you will find what you came looking for in less than a minute.

How to deposit and withdraw?

Before answering this question, let us remind you that you have the option to use a Demo Account before deciding whether to deposit funds or not.

Deposits: On your eToro dashboard, you will find “Deposit Funds”. When clicking on it, you will notice a pop-up window with five types of deposit options (Credit/Debit card, Skrill, Rapid Transfer, Neteller and Bank Transfer). The eToro minimum deposit in Switzerland is $50.

Withdraws: You will also find a tab called “Withdraw Funds”. The method you used for depositing should be the same for withdrawing money from the platform. Keep in mind that the minimum withdrawal amount is $30, and there is a fixed withdrawal fee of $5 (per withdrawal).

Note: Do not forget that you are subject to a currency conversion fee – for both deposits and withdrawals – if you deposit in CHF instead of directly in USD. Example: If you use a Bank transfer as a deposit method (from your CHF account), you may be charged a deposit fee. Other fees may apply when pulling out money from eToro (please contact customer support for more information since the website is not clear for CHF bank transfers). An easy way to get around this expense is by using a cheaper option like Wise.

How to trade stocks or any other security?

The process for buying or selling stocks is straightforward, and is similar to other asset classes (cryptocurrencies or any security).

First, use the search bar to find the company you are looking for and then click on “Trade”, as shown in the image below:

How to place an order

Second, a pop-up will appear where you can buy (or short) the stock. In this case, you are buying the underlying asset, and not a CFD. If you want to leverage your investment, you will need to change the “X1 LEVERAGE” to “X2” or to any other level of exposure that eToro allows.

How to place an order

Customer support

Our judgement of any customer support comes from our own experiences. Given that, we have noticed an improvement in response times since the Covid-19 pandemic.

We have contacted customer support more than once, and the response time varies. The longest we had to wait for a response was about seven days, but in normal circumstances, it takes less than three days.

Final thoughts

All in all, eToro is a solid option for any Swiss investor, whether you are a beginner, an intermediate, or even a professional.

The company is currently going through a period of growth to further boost its reputation and credibility, and to gain even more customers.

For a complete overview of how eToro operates globally, please read our eToro review!

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% 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.

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About the author
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Franklin Silva
Co-Founder & Fintech Analyst

Franklin has three years of experience in Wealth Management as a Fund Research Analyst, has passed the CFA level II, and is the host of the "Edge Over Hedge" YouTube channel.

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