Your initial deposit signals the beginning of your eToro trading journey.
Understanding the many intricacies of the deposit methods 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 $50 and $10 to $1000 for traders residing in some countries. 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.
You can also checkout this full review which includes test results about making deposits.
|💰 Minimum Deposit||$10 - $1000 (depends on country)|
|💳 Deposit Methods||Credit/Debit Cards, Online Banking, Wire Transfer, PayPal, Other Online Payment Solutions|
|💷 Currencies||EUR, USD, GBP, AUD, RMB, CZK, DKK, IDR, MYR, NOK, PHP, PLN, SEK, THB, VND|
|💸 Deposit Charges||None|
Interested to trade with eToro? Click on the button to get started.
78% 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.
Why Do I Need to Make Deposit Before Trading?
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.
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.
What’s the Minimum Deposit?
When investing on forex, stocks and other instruments on the eToro app, the minimum deposit required for most countries is $50 while some countries a have lower requirement at $10 (UK and US). There are also a few countries that have a $1,000 minimum deposit (see category: Minimum Deposits in Other Countries below).
Take note: 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 be $50.
$10 Minimum Deposit
The minimum first-time deposit for US and UK traders is $10 while the succeeding deposit minimum is set to $50. For UK clients, the amount in GBP will be based on real-time exchange rates .
Minimum Deposit in Other Countries
While most countries only require $50 minimum deposit on eToro, some countries’ minimum deposit are different due to their local trading and banking laws and requirements.
First-time investors from the following countries should only make an initial deposit of $50:
- Czech Republic
- United Arab Emirates
- Vatican City
According to the eToro website, investors residing in these countries must make a $1,000 minimum initial deposit:
- Cayman Islands
- French Polynesia
- Isle Of Man
- Jersey Island
- Reunion Island
Traders living in Israel must make an initial minimum deposit of $10,000.
All other eligible countries not mentioned including those in Germany, Qatar, Oman and Bahrain are required to make a first deposit of $200.
What About the Maximum Deposit?
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.
Supported Payment Methods
There are several methods to choose from when depositing a fund to your eToro account. These are:
- Credit/Debit cards
- Online banking
- Wire transfer
- Other online payment solutions
Credit Card Deposits
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.
Deposits via Debit Cards
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.
PayPal: Popular Payment Solution
Making a deposit using PayPal is also possible in eToro. Here’s how to do it:
- On the eToro app or web-based platform, click on “Deposit Funds”
- Key in your deposit amount and select PayPal from the mode of payment and click submit.
- A portal taking you to PayPal's login page will appear. Log in using your PayPal details and you will see a payment window displaying the exchange rate of the US dollar to your local currency.
- After clicking “Submit”, your deposited amount will immediately reflect in your Portfolio.
Rapid Transfer for Instant Deposits
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.
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.
How Secure and Safe is Depositing?
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.
Other Additional Ways to Make a Deposit
iDEAL: For Dutch Traders
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: Another Deposit Method for European Trades
Trustly is available in the countries of the United Kingdom, Netherlands, Spain, Sweden, Slovakia, Austria, Germany, Latvia, Norway, Netherlands, Poland, Lithuania, Czech Republic, Finland, Belgium, Estonia, and Denmark.
Deposit Using Someone Else's Bank Account, Possible?
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.
How to Make a Deposit with eToro?
Here are the basic steps on how to make a deposit on eToro:
- Log in to your account.
- Click "Deposit Funds" found on the lower left of your screen.
- Enter your desired amount and choose your currency.
- Select payment method (Credit/Debit Cards, PayPal, Wire, Online Banking etc.)
- Click "Deposit" to confirm deposit transaction.
- You will get a confirmation if the deposit has been process successfully.
Deposit Pending Times
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.
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.
Accessing Your Deposit History
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).
Ready to sign-up with eToro and make your first deposit?
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. 78% 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 unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
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.