eToro Fees

Introduction

There are some fees that you need to pay for specific trading activities or transactions with eToro. As with any online investment company, these fees are usually imposed to cover for their expenses related for fulfilling a transaction or action on your behalf as a client.

Deposit Charges

Transferring funds to an eToro account or making a deposit is FREE and won’t incur any charges.

It’s important to take note though that some (but not all) payment service providers may charge a transfer fee so better ask them first if they impose such fees.

Withdrawals: A Fixed Fee of $5

Every time you take your money out from eToro, there is a flat fee of $5. This is imposed to cover for the costs that they may incur for transferring funds across other countries.

The minimum amount that can be withdrawn for every transaction is $30.

Here’s the deal:
It doesn’t matter how much you withdraw because this is a fixed rate so regardless if you plan to cash out $45 or $1000, the deduction is still $5.

0% Management Fees

Management fees do not apply on any trades via eToro’s platform. This also includes investing in any portfolio or copying the strategy or positions of traders.

Rollover Fees (aka Overnight or Weekend Fees)

When you open a CFD position and you leave it open overnight, during the weekend or non-trading hours, this will be charged with a fee that is relative to position’s value.

This charge serves as the compensation for the interest of the leverage that you will use while the trading hours are not active.

For rollover fees that apply on a weekend, the charges may apply on a Wednesday or Friday conditional on the underlying instrument that is being traded.

It’s important to remember:
These fees may change depending on the current conditions in the global financial markets and the changes may apply without prior notice. It is best to check their fees page to know the current charges.

Conversions Fees

The US dollar currency is used for all deposits and withdrawals so if you’re going to use a different currency, then it needs to be converted into USD and this is charged with a conversion fee.

Bank Transfers, iDEAL, Sofort, PayPal and Trustly Online Banking

As of this writing, the conversion fee is 50 pips for the following currencies if using the payment methods that are stated above. The fees are already deducted at the time the deposit or withdrawal has been executed.

• AUD
• EUR
• GBP
• SEK
• DKK
• NOK
• PLN
• CZK

Here’s the thing:
eToro Club members who belong to the higher tiers are eligible for a discount or exception. These are the following:

• Platinum: 50%
• Platinum+: 50%
• Diamond: Free

Other Payment Methods

Different fees apply for conversions if the deposit or withdrawal used credit cards, Skrill, Neteller, RapidTransfer or local online banking.

Stock Trading: No Commissions

Investments on real stocks via eToro’s platform are free from commissions. Trades on shares are free from stamp duties, markups and ticketing fees.

This means that opening or closing a position are not going to be charged with broker fees. It does not cover positions that are shorted or leveraged and other fees may still apply.

Crypto: 1% Fixed Fee

If you’re going to buy or sell crypto on eToro, there is a fixed fee of 1% regardless of the crypto asset you choose. This particular fee has already been applied on the price displayed on the platform after a position has been opened or closed.

After a new position has been opened, you’ll notice that this particular position has incurred a loss since the 1% fee for buying a crypto has already been included in addition to the 1% that you will also be incurring after this specific position has been closed. Basically, the value that you will see on the P/L or Profit & Loss is the price with the fees that were already deducted. As per eToro, this is done to make is simple and transparent.

12 Months of Inactivity

An account that has been inactive for 12 months or 1 year will incur an inactivity fee of $10 that is debited every month. This will be deducted on the remaining balance on the said account.

All open positions during the period of inactivity are not going to be closed so as to cover these charges that are needed to be paid.

Do take note:
The inactivity starts during the last time that the account has been accessed. If for example, you last logged in to your account 5 days ago then it has been inactive for 5 days.

Fees for UK Traders

The most common fee that UK residents need to pay for are the conversion fees. This is because eToro's base currency is only in US dollars. That means all your deposits using your local currency, which is GBP, need to be converted into USD. The same case applies for withdrawals. You'll need to convert the USD funds from your account to GBP.

This conversion is done automatically at 50 pips if you're going to make a deposit or withdrawal using bank transfer. If you're going to use credit or debit cards, online banking, or wallets, the charge is 150 pips.

Take note: These fees apply for Bronze, Silver and Gold accounts only. Platinum and Platinum+ get to enjoy 50% discount while it's free for Diamond account holders. In addition, discount are not applicable if the transfer was done via credit or debit cards, PayPal or Skrill.

The fees for other transactions such as withdrawals, inactivity, and rollover are the same as with other countries since these will all be applied in USD and your the funds in your account are also in USD.

For example:
For withdrawals, the $5 flat fee will be deducted from your account so if you withdraw the minimum, which is $30, you will receive $25. This will then be converted into GBP and this will be the point at which you will be charged with a conversion fee.

Frequently Asked Questions (FAQ)

Is there a fee to open an eToro account?
No, you don't have to pay any fees when signing-up for an account with eToro. However, you will need to deposit funds into your account in order to trade on their online investment platform.

Does eToro charge deposit fees?
No, depositing funds into an eToro account will not incur any charges. However, you need to be aware that the platform's base currency is in US dollars only. That means if you will deposit in British pounds (GBP) or Euros (EUR), then it will need to be converted into USD, which will then incur a conversion fee.

Are eToro's fees high?
No. Despite common belief, eToro's trading fees are actually quite low compared to many other brokerages that charge more for similar services. For example, they do not charge a commission for real stock trading.

Does eToro have a monthly fee?
No, eToro doesn't charge any monthly fees for maintaining an online trading account. Keep in mind though that they charge an inactivity fee of $10 per month if you haven't logged in to your account for a year.

Does eToro have hidden fees?
No, all fees are transparently displayed on eToro's trading platform. For any transactions, you will be able to see any applicable fees that may apply so you'll know all the charges before you proceed. If you are a newbie, you should be aware that there are non-trading fees such as withdrawal fee, inactivity fee, and conversion fee.