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Your initial deposit signals the beginning of your eToro trading journey.
Understanding the many intricacies of the deposit methods of eToro is an important first step to getting a clear grasp of the trading platform’s capabilities to indulge in CFD trading, selling and buying stock market shares and crypto-currency.
To begin with:
eToro's minimum deposit in most countries is $200 and $50 for traders residing in the United States. For the succeeding deposits, the minimum will go down to $50.
To get you started, here are the things you must need to know about how to make a deposit to your eToro portfolio.
If you're already convinced about trading with eToro and wondering where to begin then the very first step is to open an account. To make things easier, you just need to click on the button to get started.
67% 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 does not charge users a deposit fee. This means 100% of your deposited amount will be used for your trading. The only fees you will need to pay are from your local bank or any third-party payment system.
The eToro trading platform mainly transacts in US Dollar. You can still deposit other currencies, and have it converted to the US dollar before you start trading.
Since the eToro trading platform operates in US dollar, a conversion fee is charged when converting local currency to USD.
Here's a screenshot of a local online banking deposit using Philippine peso:
Currently, here are the countries and their local currencies accepted by eToro for deposit.
You will see your detailed eToro deposit history or transaction record inside your Portfolio.
To do this, simply click on the Portfolio button on the left sidebar then click on the clock icon to view your account History. After that, click on the cogwheel icon on the upper right corner and select "Account Statement" from the dropdown menu.
Enter your desired 'Start' and 'End' date to show your transactions or deposits made on that time period.
Not only that:
Aside from viewing the Transaction Report detailing your deposits, withdrawals and positioned opened and closed, you can also view a summary of your Financial Profile (profit and loses etc.) and Closed Positions (your history of manual and copied trades)
When investing on forex, stocks and other instruments on the eToro app, the minimum deposit required for most countries is also $200, while the United States and Australia residents are only required $50.
A few countries require $1,000 minimum deposit (see category: Minimum Deposits in Other Countries below).
The first-time deposit shall serve as your initial brokerage fund needed to start trading on the platform. For your succeeding deposits, the minimum will go down to $50.
eToro has set its maximum deposit to $10,000 and this is the deposit limit per day.
Remember: Depositing on eToro requires no deposit fee payment and that credit card, debit card and other online payments like PayPal is also available.
Take note: Using a corporate account to pay for or make a deposit on a personal eToro account is prohibited as it goes against the terms and conditions of eToro.
That said, one can register a corporate trading account. The minimum deposit requirement for a corporate account is $10,000.
In addition to the deposit, anyone setting up a corporate account on eToro is required to show corresponding documents that will categories whether the corporate account is a sole proprietorship, a corporation or a partnership.
The minimum first-time deposit for UK traders is $200 and the amount in GBP will be based on real-time exchange rates while the succeeding deposit minimum goes down to $50 or its equivalent value in GBP.
While most countries only require $200 minimum deposit on eToro, these countries’ minimum deposit are different due to their local trading and banking laws and requirements.
First-time investors in the United States and Australia should only make an initial deposit of $50.
Traders living in Algeria must make an initial minimum deposit of $5,000 while users in Israel must deposit $10,000.
According to the eToro website, investors residing in these countries must make a $1,000 minimum initial deposit:
|Azerbaijan||French Polynesia||Kenya||Reunion Island|
|Costa Rica||Iceland||Morocco||South Korea|
|Dominican Republic||Isle Of Man||Oman||Ukraine|
|Ecuador||Jersey Island||Palestinian Territory||Uruguay|
eToro's minimum deposit requirements might temporarily change due to its platform status or market conditions. As of this writing, the minimum deposit amount for new clients has been raised to $1000 for all regions except the US because there's a huge demand on their services and their platforms.
There are several methods to choose from when depositing a fund to your eToro account. These are:
Here are the basic steps on how to make a deposit on eToro:
Before you can begin opening a BUY or SELL position on eToro, similar to traditional trading, it is important to have an investment fund for you to use.
From your initial deposit, you can apply wise investment strategies in order to slowly grow it. As you quickly grasp the ins and outs of CFD trading on eToro, you can make additional deposits to invest in other stocks.
eToro uses a secured technology called SSL or the Secure Socket Layer technology that ensures the safety of all personal information.
The SSL is used by banks and online merchants in online sales and payment transactions all over the world.
Deposit using your credit card Visa and Mastercard by simply choosing the Credit / Debit card option on the menu.
Afterward, simply enter your desired amount to be charged on your card and wait for the payment process which should last only a few seconds or minutes depending on the network speed.
When your deposit is successful, you will immediately read a confirmation message and see you deposit appearing on your Portfolio.
Debit cards are also accepted when making a deposit to your eToro account. Simply follow the same process of using a credit card by selecting the Credit / Debit card option and keying the amount you wish to deposit. The transaction will only take a short while before it appears on your Portfolio.
Making a deposit using PayPal is also possible in eToro.
Here’s how to do it:
iDEAL is another online payment you can use to make a deposit to eToro. This however, is only available in the Netherlands as it only supports the banks in that country like: ABN AMRO, ASN Bank, ING, Triodos Bank, SNS, Svenska Handelsbanken, Rabobank, RegioBank, Knab, Van Lanschot, Moneyyou and Bunq.
Trustly is available in the countries of the United Kingdom, The Netherlands, Spain, Sweden, Slovakia, Austria, Germany, Latvia, Norway, Netherlands, Poland, Lithuania, Czech Republic, Finland, Belgium, Estonia, and Denmark.
Using a bank account of another person, regardless of relationship, to make a deposit to your eToro account, is not possible. This is because eToro prohibits third-party payments.
A third-party payment is when the source of money does not come from the real owner of the eToro account. As stated in the terms and conditions of eToro, the owner of the trading account registered on eToro should be also the source and owner of the deposited fund.
On average, deposits made through online banking can cause a delay of up to 3 banking days because the fund transfer will have to be confirmed first by your bank.
Deposits made through online payment systems like PayPal, Skrill and Neteller will take only a few minutes to a few hours.
If you deposited a currency other than US dollars, the exchange rate will be calculated based on the rates on the day you processed your deposit payment.
For a faster and almost instant deposit, you can use Rapid Transfer.
Rapid Transfer is an online payment portal that supports more than 170 banks. This service is available in the countries of United Kingdom, Austria, Bulgaria, Estonia, France, Italy, Latvia, Norway, Netherlands, Spain, Portugal, Sweden, Poland, Finland, Germany, Belgium, Denmark and Hungary.
Currencies accepted on Rapid Transfer are in USD, EUR and GBP while the maximum deposit is set at $5,500.
Now that you have all the information that you need, you're probably more interested now about trading with eToro and wondering where to begin. The first step is to open an account and to make things easier, you just need to click on the button to get started.
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. 67% 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.